1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday December 27, 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 $ 4,620 $ 4,529 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 30,689 51,534 3,875 69,698 Total Operating Balance 35,309 56,063 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday December 27, 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) 20 359 1,198 Commodity Credit Corporation programs 38 582 2,224 Customs and Certain Excise Taxes 16 2,477 8,654 Deposits by States: Supplemental Security Income 0 6 809 Unemployment 10 225 4,862 Education Department programs 38 1,072 3,582 Energy Department programs 96 384 1,519 Estate and Gift Taxes 119 1,899 6,530 Federal Reserve Earnings 0 1,486 7,719 Foreign Deposits, Military Sales 14 1,265 3,577 FTD's Received (Table IV) 3,422 55,864 139,406 Housing and Urban Development programs 18 399 1,341 Individual Income and Employment Taxes, Not Withheld 816 6,433 27,592 Interest recd from T&L Depositaries 21 46 256 Justice Department programs 10 209 966 Postal Service 261 8,034 26,089 Public Debt Cash Issues (Table III-B) 53,844 325,235 1,144,196 Other Deposits: Air Transport Security Fees 1 11 419 Thrift Savings Plan Transfer 192 911 4,352 Total Other Deposits 192 1,608 11,692 Change in Balance of Uncollected Funds (closing balance $ 201) -181 -78 -42 Transfers from Depositaries 25,755 251,637 754,153 Total Federal Reserve Account 84,512 659,142 2,146,322 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,868 175,888 391,727 Transfers from Federal Reserve Account (Table V) 43 102,563 323,417 Total Tax and Loan Note Accounts (Table V) 4,911 278,452 715,144 Total Deposits (excluding transfers) 63,624 583,394 1,783,897 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday December 27, 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 172 2,581 13,854 Defense Vendor Payments (EFT) 4,050 26,314 81,502 Education Department programs 291 5,304 20,228 Energy Department programs 160 1,990 6,995 Federal Employees Insurance Payments 806 4,029 13,620 Fed. Highway Administration programs 110 2,517 9,056 Federal Salaries (EFT) 213 9,582 35,847 Food and Nutrition Service (misc) 76 3,191 9,405 Food Stamps 28 1,560 5,029 GSA programs 95 1,114 3,672 Health and Human Services Grants (misc) 226 5,562 18,546 Housing and Urban Development programs 150 4,416 13,810 Interest on Treasury Securities 2 2,781 39,201 Justice Department programs 60 1,137 3,283 Labor Dept. prgms (excl. unemployment) 45 968 3,094 Medicaid 1,079 14,373 48,415 Medicare 2,354 21,611 102,230 NASA programs 21 1,377 3,696 Postal Service Money Orders and Other 123 3,344 11,779 Public Debt Cash Redemp. (Table III-B) 72,248 355,686 1,087,999 Social Security Benefits (EFT) 10 40,264 119,240 Temporary Assistance for Needy Families (HHS) 137 1,280 4,291 Unemployment Insurance Benefits 166 2,775 7,762 Veterans Affairs programs 68 1,838 6,190 Other Withdrawals: Agriculture Loan Payments (misc) 69 69 188 Federal Aviation Administration 50 635 2,121 Interior 69 827 2,769 IRS Tax Refunds Business (EFT) 323 4,290 8,873 Transportation Security Admin. (DHS) 1 183 566 Unclassified 1,177 21,484 70,835 Total, Other Withdrawals 1,689 41,036 155,081 Transfers to Depositaries 43 102,563 323,417 Total Federal Reserve Account 84,421 659,192 2,147,241 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 25,755 251,637 754,153 Total Withdrawals (excluding transfers) 84,378 556,628 1,823,825 Net Change in Operating Cash Balance -20,754 26,765 -39,928 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday December 27, 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 54,008 273,584 907,287 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 32 887 1,484 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 22 375 920 Interest Increment 0 559 1,764 Government Account Series 146,154 2,552,040 8,619,833 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 198 5,697 19,870 Other 152 1,627 5,153 Total Issues 200,567 2,880,768 9,775,671 (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 72,012 342,757 914,492 Notes 0 0 130,430 Bonds 0 4 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 57 1,046 3,274 Government Account Series 143,649 2,550,827 8,571,730 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 37 9,641 23,384 Other 141 1,817 5,623 Total Redemptions 215,896 2,906,093 9,659,308 Net Change in Public Debt Outstanding -15,330 -25,325 116,363 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday December 27, 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) 200,567 2,880,768 9,775,671 Premium on New Issues 0 55 609 Discount on New Issues: Bills (-) 537 2,523 9,292 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,154 2,551,619 8,619,412 Interest Increment on United States Savings Securities (-) 0 559 1,764 Inflation-Protected Securities Increment 32 887 1,281 Total Public Debt Cash Issues Deposited in Federal Reserve Account 53,844 325,235 1,144,196 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 215,896 2,906,093 9,659,308 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 (-) 143,649 2,550,406 8,571,309 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 72,248 355,686 1,087,999 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday December 27, 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 $ 5,120,576 $ 5,138,223 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 4,003,440 4,001,123 4,002,762 3,958,348 Total Public Debt Outstanding 9,124,017 9,139,346 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 69,588 69,166 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 9,039,996 9,055,747 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday December 27, 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 $ 8,224 $ 144,971 $ 426,047 Individual Income Taxes 15 275 891 Railroad Retirement Taxes 3 322 1,071 Excise Taxes 326 3,345 13,367 Corporation Income Taxes 240 86,325 102,879 Federal Unemployment Taxes 4 47 855 Estate and Gift Taxes & Misc IRS Rcpts. 0 68 140 Change in Balance of Unclassified Taxes -513 1,076 1,003 Total 8,299 236,429 546,255 These Receipts were deposited in: Federal Reserve Account: Directly 176 2,424 8,730 Collector Depositaries 3,246 53,440 130,676 Tax and Loan Accounts 4,868 175,888 391,727 Inter-agency Transfers 9 4,677 15,122 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 51 $ 488 $ 8,664 $ 51,534 Deposits: Taxes Received (Table IV) 4 58 4,806 4,868 Transfers to Depositaries 0 1 43 43 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 40 372 5,035 5,447 Depositary Initiated 0 13 2,813 2,827 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 16,481 Repo Investment 0 0 0 1,000 Closing Balance Today 15 161 5,664 30,689 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday December 27, 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 $ 5 $ 1,157 $ 15,194 Business 344 6,258 17,863 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.