1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday January 03, 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 $ 4,719 $ 7,277 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 4,926 38,603 40,855 69,698 Total Operating Balance 9,645 45,880 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday January 03, 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) 13 113 1,529 Commodity Credit Corporation programs 52 170 2,551 Customs and Certain Excise Taxes 83 151 9,008 Deposits by States: Supplemental Security Income 0 0 1,192 Unemployment 11 26 4,906 Education Department programs 42 88 3,807 Energy Department programs 10 52 1,634 Estate and Gift Taxes 68 313 7,297 Federal Reserve Earnings 0 1,563 9,282 Foreign Deposits, Military Sales 58 1,124 4,795 FTD's Received (Table IV) 3,524 7,305 154,071 Housing and Urban Development programs 28 46 1,442 Individual Income and Employment Taxes, Not Withheld 1,489 2,141 30,888 Interest recd from T&L Depositaries 46 49 305 Justice Department programs 12 24 1,032 Postal Service 364 845 27,677 Public Debt Cash Issues (Table III-B) 56,409 56,920 1,243,789 Other Deposits: Air Transport Security Fees 1 3 591 Thrift Savings Plan Transfer 92 114 4,523 Total Other Deposits 93 352 12,866 Change in Balance of Uncollected Funds (closing balance $ 96) 6 -54 62 Transfers from Depositaries 41,241 64,043 844,659 Total Federal Reserve Account 103,550 135,270 2,362,790 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,047 21,963 437,477 Transfers from Federal Reserve Account (Table V) 2,517 6,150 342,410 Total Tax and Loan Note Accounts (Table V) 7,564 28,114 779,887 Total Deposits (excluding transfers) 67,356 93,191 1,955,607 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday January 03, 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 185 314 14,521 Defense Vendor Payments (EFT) 2,105 2,698 87,265 Education Department programs 328 704 21,375 Energy Department programs 121 169 7,465 Federal Employees Insurance Payments 132 265 14,369 Fed. Highway Administration programs 82 148 9,445 Federal Salaries (EFT) 730 1,994 41,224 Food and Nutrition Service (misc) 114 202 9,874 Food Stamps 43 120 5,253 GSA programs 34 397 4,221 Health and Human Services Grants (misc) 288 499 19,861 Housing and Urban Development programs 90 2,165 16,354 Interest on Treasury Securities 1 1,421 44,242 Justice Department programs 15 20 3,405 Labor Dept. prgms (excl. unemployment) 47 87 3,303 Medicaid 1,618 2,137 51,802 Medicare 1,693 14,110 119,276 NASA programs 72 74 3,794 Postal Service Money Orders and Other 173 472 12,977 Public Debt Cash Redemp. (Table III-B) 71,957 78,903 1,193,976 Social Security Benefits (EFT) 21,702 21,841 141,117 Temporary Assistance for Needy Families (HHS) 98 306 4,873 Unemployment Insurance Benefits 199 424 8,471 Veterans Affairs programs 38 98 6,568 Other Withdrawals: IRS Tax Refunds Business (EFT) 279 290 9,217 Transportation Security Admin. (DHS) 4 5 583 Unclassified 1,442 2,163 74,945 Total, Other Withdrawals 1,726 10,951 176,168 Transfers to Depositaries 2,517 6,150 342,410 Total Federal Reserve Account 106,108 146,672 2,363,610 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 41,241 64,043 844,659 Total Withdrawals (excluding transfers) 103,591 140,521 2,021,200 Net Change in Operating Cash Balance -36,235 -47,330 -65,592 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday January 03, 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 56,002 56,002 963,288 Cash Management Series 0 0 53,000 Notes -1 -1 200,700 Bonds 0 0 7,567 Inflation-Protected Securities Increment 90 213 1,827 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 35 72 1,063 Interest Increment 0 628 2,393 Government Account Series 157,459 299,171 9,296,093 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 723 1,128 21,332 Other 183 252 5,556 Total Issues 214,491 357,466 10,553,065 (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 71,478 71,478 985,970 Notes 0 0 157,097 Bonds 0 0 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 139 233 3,663 Government Account Series 158,175 312,790 9,172,218 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 176 6,957 30,435 Other 165 235 6,016 Total Redemptions 230,132 391,692 10,365,772 Net Change in Public Debt Outstanding -15,641 -34,226 187,293 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday January 03, 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) 214,491 357,466 10,553,065 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 533 533 9,825 Bonds and Notes (-) 0 0 371 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 157,459 299,171 9,295,672 Interest Increment on United States Savings Securities (-) 0 628 2,393 Inflation-Protected Securities Increment 90 213 1,625 Total Public Debt Cash Issues Deposited in Federal Reserve Account 56,409 56,920 1,243,789 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 230,132 391,692 10,365,772 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 (-) 158,175 312,790 9,171,797 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 71,957 78,903 1,193,976 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday January 03, 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 $ 5,115,951 $ 5,130,778 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,078,996 4,079,809 4,092,870 3,958,348 Total Public Debt Outstanding 9,194,946 9,210,587 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 70,222 69,801 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 53 68 69 Total Public Debt Subject to Limit 9,110,277 9,126,339 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday January 03, 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 $ 9,326 $ 30,055 $ 484,957 Individual Income Taxes 22 34 1,005 Railroad Retirement Taxes 15 24 1,169 Excise Taxes 9 15 15,406 Corporation Income Taxes 57 143 103,852 Federal Unemployment Taxes 4 10 880 Estate and Gift Taxes & Misc IRS Rcpts. 0 2 147 Change in Balance of Unclassified Taxes 47 374 1,262 Total 9,480 30,658 608,678 These Receipts were deposited in: Federal Reserve Account: Directly 38 121 9,698 Collector Depositaries 3,486 7,184 144,373 Tax and Loan Accounts 5,047 21,963 437,477 Inter-agency Transfers 908 1,389 17,131 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 45 $ 588 $ 8,993 $ 38,603 Deposits: Taxes Received (Table IV) 6 59 4,982 5,047 Transfers to Depositaries 3 74 2,440 2,517 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 53 715 8,765 9,534 Depositary Initiated 0 6 2,724 2,730 Special Direct Investment 0 0 0 1,362 Term Investment 0 0 0 24,415 Repo Investment 0 0 0 3,200 Closing Balance Today 0 0 4,926 4,926 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday January 03, 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 $ 0 $ 5 $ 15,465 Business 292 578 18,633 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.