1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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 $ 7,277 $ 16,120 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 38,603 40,855 40,855 69,698 Total Operating Balance 45,880 56,975 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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) 100 100 1,516 Commodity Credit Corporation programs 118 118 2,500 Customs and Certain Excise Taxes 67 67 8,925 Deposits by States: Supplemental Security Income 0 0 1,192 Unemployment 15 15 4,894 Education Department programs 46 46 3,765 Energy Department programs 42 42 1,623 Estate and Gift Taxes 245 245 7,229 Federal Reserve Earnings 1,563 1,563 9,282 Foreign Deposits, Military Sales 1,066 1,066 4,736 FTD's Received (Table IV) 3,781 3,781 150,546 Housing and Urban Development programs 17 17 1,414 Individual Income and Employment Taxes, Not Withheld 652 652 29,399 Interest recd from T&L Depositaries 3 3 259 Justice Department programs 12 12 1,020 Postal Service 481 481 27,313 Public Debt Cash Issues (Table III-B) 512 512 1,187,380 Other Deposits: Agency for Internat'l Development 79 79 191 Air Transport Security Fees 2 2 590 Natl Railroad Retirement Inv Trust 178 178 393 Total Other Deposits 259 259 12,773 Change in Balance of Uncollected Funds (closing balance $ 103) -61 -61 56 Transfers from Depositaries 22,802 22,802 803,419 Total Federal Reserve Account 31,720 31,720 2,259,240 Tax and Loan Note Accounts: FTD's Received (Table IV) 16,916 16,916 432,430 Transfers from Federal Reserve Account (Table V) 3,634 3,634 339,894 Total Tax and Loan Note Accounts (Table V) 20,550 20,550 772,324 Total Deposits (excluding transfers) 25,834 25,834 1,888,251 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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 129 129 14,336 Defense Vendor Payments (EFT) 593 593 85,160 Education Department programs 376 376 21,047 Energy Department programs 48 48 7,344 Federal Employees Insurance Payments 133 133 14,237 Fed. Highway Administration programs 66 66 9,363 Federal Salaries (EFT) 1,264 1,264 40,494 Food and Nutrition Service (misc) 88 88 9,760 Food Stamps 77 77 5,210 GSA programs 363 363 4,187 Health and Human Services Grants (misc) 211 211 19,573 Housing and Urban Development programs 2,075 2,075 16,264 Interest on Treasury Securities 1,420 1,420 44,241 Justice Department programs 5 5 3,390 Labor Dept. prgms (excl. unemployment) 40 40 3,257 Medicaid 520 520 50,184 Medicare 12,417 12,417 117,583 NASA programs 2 2 3,722 Postal Service Money Orders and Other 299 299 12,804 Public Debt Cash Redemp. (Table III-B) 6,946 6,946 1,122,019 Social Security Benefits (EFT) 138 138 119,415 Temporary Assistance for Needy Families (HHS) 208 208 4,774 Unemployment Insurance Benefits 225 225 8,272 Veterans Affairs programs 60 60 6,530 Other Withdrawals: Civil Service Retirement (EFT) 4,178 4,178 16,403 Military Retirement (EFT) 3,395 3,395 13,314 Railroad Retirement (EFT) 778 778 3,068 Tennessee Valley Authority (net) 154 154 24 Unclassified 721 721 73,502 Total, Other Withdrawals 9,225 9,225 174,442 Transfers to Depositaries 3,634 3,634 339,894 Total Federal Reserve Account 40,564 40,564 2,257,502 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 22,802 22,802 803,419 Total Withdrawals (excluding transfers) 36,930 36,930 1,917,608 Net Change in Operating Cash Balance -11,095 -11,095 -29,357 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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 0 907,286 Cash Management Series 0 0 53,000 Notes 0 0 200,701 Bonds 0 0 7,567 Inflation-Protected Securities Increment 123 123 1,737 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 37 37 1,028 Interest Increment 628 628 2,393 Government Account Series 141,712 141,712 9,138,633 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 406 406 20,609 Other 69 69 5,373 Total Issues 142,975 142,975 10,338,574 (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 0 914,492 Notes 0 0 157,097 Bonds 0 0 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 94 94 3,524 Government Account Series 154,614 154,614 9,014,042 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 6,782 6,782 30,260 Other 70 70 5,851 Total Redemptions 161,561 161,561 10,135,640 Net Change in Public Debt Outstanding -18,585 -18,585 202,934 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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) 142,975 142,975 10,338,574 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 0 9,292 Bonds and Notes (-) 0 0 371 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 141,712 141,712 9,138,212 Interest Increment on United States Savings Securities (-) 628 628 2,393 Inflation-Protected Securities Increment 123 123 1,535 Total Public Debt Cash Issues Deposited in Federal Reserve Account 512 512 1,187,380 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 161,561 161,561 10,135,640 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 (-) 154,614 154,614 9,013,621 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 6,946 6,946 1,122,019 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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/ $ 5,130,778 $ 5,136,303 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,079,809 4,092,870 4,092,870 3,958,348 Total Public Debt Outstanding 9,210,587 9,229,173 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,801 70,025 70,025 71,877 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 53 68 68 69 Total Public Debt Subject to Limit 9,126,339 9,144,715 9,144,715 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 $3,20 6 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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 $ 20,730 $ 20,730 $ 475,631 Individual Income Taxes 12 12 983 Railroad Retirement Taxes 10 10 1,155 Excise Taxes 6 6 15,398 Corporation Income Taxes 87 87 103,795 Federal Unemployment Taxes 6 6 876 Estate and Gift Taxes & Misc IRS Rcpts. 2 2 146 Change in Balance of Unclassified Taxes 327 327 1,215 Total 21,178 21,178 599,199 These Receipts were deposited in: Federal Reserve Account: Directly 83 83 9,660 Collector Depositaries 3,697 3,697 140,886 Tax and Loan Accounts 16,916 16,916 432,430 Inter-agency Transfers 481 481 16,222 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 36 $ 528 $ 9,108 $ 40,855 Deposits: Taxes Received (Table IV) 14 142 16,761 16,916 Transfers to Depositaries 0 0 434 434 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 3,200 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 5 81 17,311 17,396 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,406 Repo Investment 0 0 0 0 Closing Balance Today 45 588 8,993 38,603 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday January 02, 2008 (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 $ 5 $ 15,464 Business 285 285 18,341 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.