1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 26, 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 $ 4,529 $ 6,575 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 51,534 55,756 3,875 69,698 Total Operating Balance 56,063 62,331 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 26, 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) 16 339 1,178 Commodity Credit Corporation programs 12 544 2,186 Customs and Certain Excise Taxes 91 2,461 8,638 Deposits by States: Supplemental Security Income 1 6 809 Unemployment 8 215 4,852 Education Department programs 47 1,033 3,543 Energy Department programs 41 288 1,423 Estate and Gift Taxes 0 1,780 6,410 Federal Reserve Earnings 311 1,486 7,719 Foreign Deposits, Military Sales 14 1,250 3,562 FTD's Received (Table IV) 1,258 52,442 135,984 Housing and Urban Development programs 14 381 1,323 Individual Income and Employment Taxes, Not Withheld 261 5,617 26,776 Interest recd from T&L Depositaries 3 25 234 Justice Department programs 7 198 956 Postal Service 409 7,774 25,828 Public Debt Cash Issues (Table III-B) 100 271,391 1,090,352 Other Deposits: Air Transport Security Fees 1 10 418 Minerals Management Svc/Collections 141 405 2,426 Total Other Deposits 143 1,415 11,499 Change in Balance of Uncollected Funds (closing balance $ 20) 16 103 139 Transfers from Depositaries 7,979 225,881 728,398 Total Federal Reserve Account 10,731 574,631 2,061,811 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,663 171,020 386,859 Transfers from Federal Reserve Account (Table V) 1,095 102,520 323,374 Total Tax and Loan Note Accounts (Table V) 3,757 273,541 710,233 Total Deposits (excluding transfers) 5,414 519,770 1,720,272 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 26, 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 169 2,409 13,682 Defense Vendor Payments (EFT) 403 22,263 77,451 Education Department programs 923 5,013 19,937 Energy Department programs 83 1,830 6,835 Federal Employees Insurance Payments 141 3,223 12,814 Fed. Highway Administration programs 180 2,407 8,946 Federal Salaries (EFT) 63 9,369 35,634 Food and Nutrition Service (misc) 106 3,114 9,329 Food Stamps 78 1,533 5,002 GSA programs 60 1,019 3,577 Health and Human Services Grants (misc) 144 5,336 18,320 Housing and Urban Development programs 206 4,267 13,660 Interest on Treasury Securities 2 2,779 39,198 Justice Department programs 61 1,077 3,224 Labor Dept. prgms (excl. unemployment) 31 923 3,049 Medicaid 299 13,295 47,337 Medicare 1,184 19,257 99,876 NASA programs 58 1,356 3,675 Postal Service Money Orders and Other 141 3,221 11,656 Public Debt Cash Redemp. (Table III-B) 110 283,438 1,015,751 Social Security Benefits (EFT) 6,123 40,254 119,231 Temporary Assistance for Needy Families (HHS) 62 1,144 4,154 Unemployment Insurance Benefits 177 2,609 7,596 Veterans Affairs programs 210 1,770 6,123 Other Withdrawals: Federal Aviation Administration 76 586 2,071 Federal Transit Admin. 75 427 1,166 IRS Tax Refunds Business (EFT) 85 3,966 8,549 Transportation Security Admin. (DHS) 1 183 566 Unclassified 431 20,307 69,658 Total, Other Withdrawals 669 39,346 153,392 Transfers to Depositaries 1,095 102,520 323,374 Total Federal Reserve Account 12,776 574,770 2,062,820 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,979 225,881 728,398 Total Withdrawals (excluding transfers) 11,681 472,250 1,739,446 Net Change in Operating Cash Balance -6,267 47,520 -19,174 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 26, 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 -4 219,576 853,279 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 65 855 1,452 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 22 353 898 Interest Increment 0 558 1,764 Government Account Series 143,775 2,405,886 8,473,679 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 15 5,499 19,671 Other 66 1,475 5,001 Total Issues 143,940 2,680,201 9,575,104 (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 1 4 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities -21 989 3,217 Government Account Series 146,687 2,407,179 8,428,081 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 44 9,604 23,347 Other 86 1,675 5,482 Total Redemptions 146,796 2,690,196 9,443,411 Net Change in Public Debt Outstanding -2,857 -9,995 131,693 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 26, 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) 143,940 2,680,201 9,575,104 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 (-) 143,775 2,405,465 8,473,258 Interest Increment on United States Savings Securities (-) 0 558 1,764 Inflation-Protected Securities Increment 65 855 1,249 Total Public Debt Cash Issues Deposited in Federal Reserve Account 100 271,391 1,090,352 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,796 2,690,196 9,443,411 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 (-) 146,687 2,406,758 8,427,660 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 110 283,438 1,015,751 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 26, 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/ $ 5,138,223 $ 5,138,072 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 4,001,123 4,004,131 4,002,762 3,958,348 Total Public Debt Outstanding 9,139,346 9,142,203 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 69,166 69,397 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 9,055,747 9,058,373 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 $1,00 6 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday December 26, 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 $ 3,999 $ 136,747 $ 417,824 Individual Income Taxes 18 260 876 Railroad Retirement Taxes 2 319 1,068 Excise Taxes 26 3,019 13,041 Corporation Income Taxes 97 86,086 102,640 Federal Unemployment Taxes 2 43 851 Estate and Gift Taxes & Misc IRS Rcpts. 0 68 140 Change in Balance of Unclassified Taxes -205 1,589 1,516 Total 3,940 228,131 537,956 These Receipts were deposited in: Federal Reserve Account: Directly 8 2,248 8,554 Collector Depositaries 1,250 50,194 127,430 Tax and Loan Accounts 2,663 171,020 386,859 Inter-agency Transfers 19 4,668 15,113 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 47 $ 458 $ 8,030 $ 55,756 Deposits: Taxes Received (Table IV) 7 70 2,586 2,663 Transfers to Depositaries 0 2 92 95 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 3 42 2,045 2,089 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,490 Repo Investment 0 0 0 400 Closing Balance Today 51 488 8,664 51,534 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 26, 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 $ 7 $ 1,152 $ 15,189 Business 467 5,914 17,519 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.