1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 28, 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 $ 5,572 $ 4,620 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 31,734 30,689 3,875 69,698 Total Operating Balance 37,306 35,309 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 28, 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) 49 408 1,247 Commodity Credit Corporation programs 65 647 2,290 Customs and Certain Excise Taxes 135 2,613 8,790 Deposits by States: Supplemental Security Income 383 389 1,192 Unemployment 7 233 4,870 Education Department programs 82 1,154 3,663 Energy Department programs 14 398 1,533 Estate and Gift Taxes 94 1,993 6,623 Federal Reserve Earnings 0 1,486 7,719 Foreign Deposits, Military Sales 46 1,311 3,623 FTD's Received (Table IV) 2,882 58,746 142,288 Housing and Urban Development programs 25 424 1,366 Individual Income and Employment Taxes, Not Withheld 638 7,070 28,230 Interest recd from T&L Depositaries 0 46 256 Justice Department programs 14 223 980 Postal Service 345 8,379 26,434 Public Debt Cash Issues (Table III-B) 284 325,519 1,144,480 Other Deposits: Air Transport Security Fees 22 33 441 Minerals Management Svc/Collections 77 497 2,518 Total Other Deposits 98 1,706 11,790 Change in Balance of Uncollected Funds (closing balance $ 159) 42 -36 0 Transfers from Depositaries 12,024 263,661 766,177 Total Federal Reserve Account 17,229 676,371 2,163,551 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,063 183,951 399,790 Transfers from Federal Reserve Account (Table V) 5,006 107,569 328,423 Total Tax and Loan Note Accounts (Table V) 13,069 291,520 728,213 Total Deposits (excluding transfers) 13,268 596,662 1,797,164 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 28, 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 165 2,746 14,019 Defense Vendor Payments (EFT) 2,083 28,396 83,585 Education Department programs 182 5,486 20,410 Energy Department programs 156 2,146 7,151 Federal Employees Insurance Payments 196 4,225 13,816 Fed. Highway Administration programs 69 2,586 9,125 Federal Salaries (EFT) 2,751 12,333 38,598 Food and Nutrition Service (misc) 80 3,271 9,486 Food Stamps 37 1,597 5,066 GSA programs 93 1,206 3,764 Health and Human Services Grants (misc) 473 6,036 19,019 Housing and Urban Development programs 263 4,679 14,073 Interest on Treasury Securities 4 2,786 39,205 Justice Department programs 87 1,224 3,370 Labor Dept. prgms (excl. unemployment) 53 1,021 3,147 Medicaid 728 15,102 49,144 Medicare 1,783 23,394 104,013 NASA programs 21 1,398 3,717 Postal Service Money Orders and Other 217 3,561 11,996 Public Debt Cash Redemp. (Table III-B) 172 355,858 1,088,171 Social Security Benefits (EFT) 24 40,288 119,265 Temporary Assistance for Needy Families (HHS) 218 1,499 4,509 Unemployment Insurance Benefits 122 2,897 7,884 Veterans Affairs programs 115 1,953 6,305 Other Withdrawals: Deposit Insurance Fund (net) -165 -529 457 Federal Crop Ins. Corp. 55 55 55 Federal Financing Bank (net) 56 254 -557 Minerals Management Service 132 132 446 Thrift Savings Plan Transfer 76 1,767 6,316 Transportation Security Admin. (DHS) 1 185 568 Unclassified 1/ 1,021 22,505 71,856 Total, Other Withdrawals 1,176 42,212 156,257 Transfers to Depositaries 5,006 107,569 328,423 Total Federal Reserve Account 16,277 675,469 2,163,518 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,024 263,661 766,177 Total Withdrawals (excluding transfers) 11,271 567,899 1,835,095 Net Change in Operating Cash Balance 1,997 28,762 -37,931 1/Includes $176 million in deposits for State and Local Series Issues not yet classified. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 28, 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 0 273,584 907,287 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 33 920 1,517 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 33 407 953 Interest Increment 0 559 1,764 Government Account Series 142,941 2,694,981 8,762,774 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 176 5,873 20,046 Other 76 1,703 5,229 Total Issues 143,259 3,024,027 9,918,930 (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 0 342,757 914,492 Notes 0 0 130,430 Bonds 0 4 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 67 1,113 3,341 Government Account Series 146,554 2,697,381 8,718,284 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 25 9,666 23,409 Other 80 1,897 5,704 Total Redemptions 146,726 3,052,818 9,806,033 Net Change in Public Debt Outstanding -3,467 -28,792 112,896 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 28, 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) 143,259 3,024,027 9,918,930 Premium on New Issues 0 55 609 Discount on New Issues: Bills (-) 0 2,523 9,292 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 142,941 2,694,560 8,762,353 Interest Increment on United States Savings Securities (-) 0 559 1,764 Inflation-Protected Securities Increment 33 920 1,314 Total Public Debt Cash Issues Deposited in Federal Reserve Account 284 325,519 1,144,480 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,726 3,052,818 9,806,033 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 (-) 146,554 2,696,960 8,717,863 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 172 355,858 1,088,171 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 28, 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 $ 5,120,892 $ 5,120,576 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 3,999,658 4,003,440 4,002,762 3,958,348 Total Public Debt Outstanding 9,120,550 9,124,017 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 69,475 69,588 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 9,036,642 9,039,996 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 Friday December 28, 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 $ 8,923 $ 153,894 $ 434,971 Individual Income Taxes 40 315 930 Railroad Retirement Taxes 8 330 1,079 Excise Taxes 1,990 5,335 15,358 Corporation Income Taxes 662 86,987 103,541 Federal Unemployment Taxes 5 52 860 Estate and Gift Taxes & Misc IRS Rcpts. 4 72 144 Change in Balance of Unclassified Taxes -294 782 709 Total 11,338 247,767 557,593 These Receipts were deposited in: Federal Reserve Account: Directly 632 3,055 9,362 Collector Depositaries 2,250 55,690 132,926 Tax and Loan Accounts 8,063 183,951 399,790 Inter-agency Transfers 393 5,071 15,515 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 161 $ 5,664 $ 30,689 Deposits: Taxes Received (Table IV) 8 88 7,967 8,063 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,006 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 9,147 9,147 Depositary Initiated 2 17 2,858 2,877 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 20 232 1,626 31,734 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 28, 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 $ 257 $ 1,415 $ 15,451 Business 154 6,411 18,016 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.