1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday January 08, 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 $ 4,791 $ 5,728 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 10,120 9,619 40,855 69,698 Total Operating Balance 14,911 15,347 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday January 08, 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) 17 197 1,613 Commodity Credit Corporation programs 59 370 2,751 Customs and Certain Excise Taxes 64 368 9,225 Deposits by States: Supplemental Security Income 0 1 1,193 Unemployment 30 78 4,958 Education Department programs 68 328 4,047 Energy Department programs 4 66 1,647 Estate and Gift Taxes 46 613 7,597 Federal Reserve Earnings 0 1,563 9,282 Foreign Deposits, Military Sales 9 1,139 4,810 FTD's Received (Table IV) 697 12,757 159,523 Housing and Urban Development programs 15 89 1,485 Individual Income and Employment Taxes, Not Withheld 1,873 6,295 35,042 Interest recd from T&L Depositaries 0 49 305 Justice Department programs 7 42 1,050 Postal Service 581 2,363 29,195 Public Debt Cash Issues (Table III-B) 112 57,577 1,244,445 Other Deposits: Federal Housing Admin: Note Sales 101 101 471 Thrift Savings Plan Transfer 233 394 4,803 Total Other Deposits 334 686 13,200 Change in Balance of Uncollected Funds (closing balance $ 141) -49 -99 18 Transfers from Depositaries 5,062 85,823 866,440 Total Federal Reserve Account 8,929 170,304 2,397,824 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,163 39,667 455,181 Transfers from Federal Reserve Account (Table V) 1,400 15,421 351,680 Total Tax and Loan Note Accounts (Table V) 5,563 55,088 806,861 Total Deposits (excluding transfers) 8,030 124,149 1,986,565 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday January 08, 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 157 846 15,053 Defense Vendor Payments (EFT) 1,486 6,662 91,229 Education Department programs 1,093 2,683 23,354 Energy Department programs 82 437 7,733 Federal Employees Insurance Payments 190 838 14,942 Fed. Highway Administration programs 157 459 9,756 Federal Salaries (EFT) 153 2,401 41,631 Food and Nutrition Service (misc) 196 853 10,525 Food Stamps 109 476 5,608 GSA programs 30 535 4,359 Health and Human Services Grants (misc) 424 1,441 20,803 Housing and Urban Development programs 96 2,537 16,726 Interest on Treasury Securities 2 1,427 44,248 Justice Department programs 26 173 3,558 Labor Dept. prgms (excl. unemployment) 20 164 3,381 Medicaid 1,152 4,608 54,272 Medicare 920 17,376 122,542 NASA programs 40 172 3,891 Postal Service Money Orders and Other 205 1,116 13,621 Public Debt Cash Redemp. (Table III-B) 189 79,883 1,194,956 Social Security Benefits (EFT) 32 21,934 141,210 Temporary Assistance for Needy Families (HHS) 64 450 5,016 Unemployment Insurance Benefits 227 973 9,019 Veterans Affairs programs 117 543 7,013 Other Withdrawals: Transportation Security Admin. (DHS) 1 20 598 Unclassified 1,298 7,703 80,485 Total, Other Withdrawals 1,299 17,227 182,445 Transfers to Depositaries 1,400 15,421 351,680 Total Federal Reserve Account 9,867 181,634 2,398,572 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,062 85,823 866,440 Total Withdrawals (excluding transfers) 8,467 166,213 2,046,892 Net Change in Operating Cash Balance -436 -42,064 -60,326 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday January 08, 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 55,998 963,283 Cash Management Series 0 0 53,000 Notes 0 -1 200,700 Bonds 0 0 7,567 Inflation-Protected Securities Increment 91 666 2,280 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 132 1,123 Interest Increment 0 628 2,393 Government Account Series 138,183 712,949 9,709,870 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 22 1,489 21,693 Other 74 493 5,796 Total Issues 138,386 772,352 10,967,951 (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 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 111 600 4,030 Government Account Series 136,531 720,417 9,579,845 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 3 7,316 30,794 Other 75 489 6,270 Total Redemptions 136,720 800,300 10,774,380 Net Change in Public Debt Outstanding 1,667 -27,948 193,571 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday January 08, 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) 138,386 772,352 10,967,951 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 533 9,825 Bonds and Notes (-) 0 0 371 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 138,183 712,949 9,709,449 Interest Increment on United States Savings Securities (-) 0 628 2,393 Inflation-Protected Securities Increment 91 666 2,077 Total Public Debt Cash Issues Deposited in Federal Reserve Account 112 57,577 1,244,445 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 136,720 800,300 10,774,380 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 (-) 136,531 720,417 9,579,424 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 189 79,883 1,194,956 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday January 08, 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/ $ 5,116,401 $ 5,116,191 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,084,824 4,083,367 4,092,870 3,958,348 Total Public Debt Outstanding 9,201,225 9,199,558 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,675 69,785 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 52 52 68 69 Total Public Debt Subject to Limit 9,117,101 9,115,325 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 $1,39 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday January 08, 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 $ 5,064 $ 53,111 $ 508,012 Individual Income Taxes 23 95 1,066 Railroad Retirement Taxes 2 72 1,217 Excise Taxes 20 58 15,450 Corporation Income Taxes 169 440 104,148 Federal Unemployment Taxes 7 30 900 Estate and Gift Taxes & Misc IRS Rcpts. 2 29 174 Change in Balance of Unclassified Taxes -374 74 962 Total 4,913 53,908 631,929 These Receipts were deposited in: Federal Reserve Account: Directly 85 372 9,949 Collector Depositaries 612 12,385 149,574 Tax and Loan Accounts 4,163 39,667 455,181 Inter-agency Transfers 53 1,484 17,225 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 12 $ 133 $ 2,475 $ 9,619 Deposits: Taxes Received (Table IV) 4 31 4,128 4,163 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,400 Withdrawals: Treasury Initiated 0 0 3,181 3,181 Depositary Initiated 0 8 1,873 1,881 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 15 156 1,548 10,120 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday January 08, 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 $ 3 $ 291 $ 15,751 Business 355 1,447 19,502 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.