1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 6,575 $ 3,924 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 55,756 46,065 3,875 69,698 Total Operating Balance 62,331 49,989 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash | ___________________________________________________________________________________________ | | | This | Fiscal | | Deposits | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 14 323 1,162 Commodity Credit Corporation programs 24 532 2,174 Customs and Certain Excise Taxes 997 2,370 8,547 Deposits by States: Supplemental Security Income 3 6 808 Unemployment 6 208 4,845 Education Department programs 43 987 3,497 Energy Department programs 31 247 1,382 Estate and Gift Taxes 179 1,780 6,410 Federal Reserve Earnings 0 1,175 7,408 Foreign Deposits, Military Sales 7 1,236 3,548 FTD's Received (Table IV) 2,841 51,184 134,726 Housing and Urban Development programs 11 367 1,310 Individual Income and Employment Taxes, Not Withheld 479 5,356 26,515 Interest recd from T&L Depositaries 0 22 231 Justice Department programs 30 192 949 Postal Service 442 7,364 25,419 Public Debt Cash Issues (Table III-B) 98 271,291 1,090,252 Other Deposits: Defense Finance & Accounting Service 70 563 1,906 Total Other Deposits 70 1,273 11,357 Change in Balance of Uncollected Funds (closing balance $ 37) 180 87 122 Transfers from Depositaries 9,907 217,902 720,418 Total Federal Reserve Account 15,363 563,900 2,051,080 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,953 168,358 384,197 Transfers from Federal Reserve Account (Table V) 7,644 101,426 322,279 Total Tax and Loan Note Accounts (Table V) 19,597 269,783 706,476 Total Deposits (excluding transfers) 17,409 514,356 1,714,859 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 95 2,240 13,513 Defense Vendor Payments (EFT) 931 21,860 77,048 Education Department programs 130 4,089 19,013 Energy Department programs 50 1,747 6,752 Federal Employees Insurance Payments 15 3,082 12,673 Fed. Highway Administration programs 0 2,227 8,766 Federal Salaries (EFT) 76 9,306 35,572 Food and Nutrition Service (misc) 236 3,008 9,223 Food Stamps 107 1,454 4,923 GSA programs 0 959 3,517 Health and Human Services Grants (misc) 319 5,193 18,176 Housing and Urban Development programs 0 4,061 13,454 Interest on Treasury Securities 1 2,777 39,196 Justice Department programs 4 1,016 3,163 Labor Dept. prgms (excl. unemployment) 40 892 3,018 Medicaid 672 12,995 47,038 Medicare 999 18,073 98,692 NASA programs 247 1,298 3,617 Postal Service Money Orders and Other 178 3,080 11,515 Public Debt Cash Redemp. (Table III-B) 132 283,329 1,015,641 Social Security Benefits (EFT) 11 34,131 113,108 Temporary Assistance for Needy Families (HHS) 16 1,082 4,093 Unemployment Insurance Benefits 147 2,431 7,419 Veterans Affairs programs 3 1,560 5,913 Other Withdrawals: USDA: Forest Service 77 586 898 Unclassified 582 19,876 69,227 Total, Other Withdrawals 660 38,678 152,723 Transfers to Depositaries 7,644 101,426 322,279 Total Federal Reserve Account 12,712 561,994 2,050,044 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,907 217,902 720,418 Total Withdrawals (excluding transfers) 5,068 460,569 1,727,765 Net Change in Operating Cash Balance 12,341 53,787 -12,906 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions | ___________________________________________________________________________________________ | | | This | Fiscal | | Issues | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills: Regular Series 0 219,580 853,283 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 98 790 1,387 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 29 330 876 Interest Increment 0 558 1,764 Government Account Series 140,536 2,262,111 8,329,904 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 2 5,484 19,656 Other 68 1,409 4,935 Total Issues 140,733 2,536,261 9,431,164 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 0 270,745 842,480 Notes 0 0 130,430 Bonds 0 3 10,126 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 61 1,010 3,238 Government Account Series 138,390 2,260,492 8,281,395 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 0 9,560 23,303 Other 70 1,589 5,396 Total Redemptions 138,521 2,543,400 9,296,615 Net Change in Public Debt Outstanding 2,211 -7,139 134,549 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis | ___________________________________________________________________________________________ | | | This | Fiscal | | Transactions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 140,733 2,536,261 9,431,164 Premium on New Issues 0 55 609 Discount on New Issues: Bills (-) 0 1,986 8,756 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 140,536 2,261,690 8,329,483 Interest Increment on United States Savings Securities (-) 0 558 1,764 Inflation-Protected Securities Increment 98 790 1,184 Total Public Debt Cash Issues Deposited in Federal Reserve Account 98 271,291 1,090,252 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 138,521 2,543,400 9,296,615 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 138,390 2,260,071 8,280,974 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 132 283,329 1,015,641 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public 1/ $ 5,138,072 $ 5,137,961 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 4,004,131 4,002,031 4,002,762 3,958,348 Total Public Debt Outstanding 9,142,203 9,139,991 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 69,397 69,747 69,082 71,877 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 68 68 69 69 Total Public Debt Subject to Limit 9,058,373 9,055,811 9,065,827 8,921,343 Statutory Debt Limit 9,815,000 9,815,000 9,815,000 9,815,000 Act of September 29, 2007, permanently increased the statutory debt limit to $9,815 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $336 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 14,357 $ 132,748 $ 413,825 Individual Income Taxes 14 242 858 Railroad Retirement Taxes 42 317 1,066 Excise Taxes 61 2,992 13,015 Corporation Income Taxes 118 85,989 102,543 Federal Unemployment Taxes 3 41 849 Estate and Gift Taxes & Misc IRS Rcpts. 1 68 140 Change in Balance of Unclassified Taxes 204 1,794 1,721 Total 14,799 224,191 534,016 These Receipts were deposited in: Federal Reserve Account: Directly 252 2,240 8,546 Collector Depositaries 2,589 48,945 126,180 Tax and Loan Accounts 11,953 168,358 384,197 Inter-agency Transfers 5 4,649 15,093 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 40 $ 373 $ 4,832 $ 46,065 Deposits: Taxes Received (Table IV) 8 78 11,866 11,953 Transfers to Depositaries 2 49 1,193 1,243 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,001 Repo Investment 0 0 0 400 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 3 42 9,861 9,907 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 47 458 8,030 55,756 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 24, 2007 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Individual $ 0 $ 1,146 $ 15,182 Business r/ 271 r/ 5,717 r/ 17,322 r/Revised This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in an account at the Federal Reserve Bank of New York and in Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, Bureau of the Public Debt and various electronic systems. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Financial Management Service, Department of the Treasury Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Financial Management Service (FMS) website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790. The DTS is also available on the Department of Commerce's "State of the Nation" website: http://www.stat-usa.gov/sotn. For more information regarding this system, please call 202-482-1986.