1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday January 10, 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 $ 5,018 $ 5,363 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 2,989 6,536 40,855 69,698 Total Operating Balance 8,008 11,898 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday January 10, 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) 16 228 1,644 Commodity Credit Corporation programs 47 474 2,855 Customs and Certain Excise Taxes 98 541 9,398 Deposits by States: Supplemental Security Income 0 1 1,193 Unemployment 20 117 4,997 Education Department programs 48 418 4,137 Energy Department programs 10 85 1,666 Estate and Gift Taxes 87 808 7,792 Federal Reserve Earnings 0 2,032 9,751 Foreign Deposits, Military Sales 7 1,194 4,865 FTD's Received (Table IV) 728 16,341 163,107 Housing and Urban Development programs 34 140 1,537 Individual Income and Employment Taxes, Not Withheld 1,408 9,644 38,392 Interest recd from T&L Depositaries 3 55 311 Justice Department programs 8 71 1,079 Postal Service 363 3,141 29,973 Public Debt Cash Issues (Table III-B) 64,467 122,152 1,309,020 Other Deposits: Thrift Savings Plan Transfer 198 664 5,073 Total Other Deposits 198 1,074 13,588 Change in Balance of Uncollected Funds (closing balance $ 170) -21 -128 -11 Transfers from Depositaries 7,183 102,227 882,844 Total Federal Reserve Account 74,703 260,617 2,488,136 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,008 45,712 461,225 Transfers from Federal Reserve Account (Table V) 1,629 18,650 354,910 Total Tax and Loan Note Accounts (Table V) 3,637 64,362 816,135 Total Deposits (excluding transfers) 69,528 204,101 2,066,517 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday January 10, 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 80 1,274 15,481 Defense Vendor Payments (EFT) 1,238 9,051 93,618 Education Department programs 675 3,919 24,590 Energy Department programs 100 588 7,883 Federal Employees Insurance Payments 615 1,725 15,829 Fed. Highway Administration programs 132 646 9,943 Federal Salaries (EFT) 82 2,828 42,058 Food and Nutrition Service (misc) 141 1,141 10,813 Food Stamps 78 631 5,763 GSA programs 83 660 4,484 Health and Human Services Grants (misc) 284 2,029 21,391 Housing and Urban Development programs 149 2,987 17,176 Interest on Treasury Securities 5 1,432 44,253 Justice Department programs 31 263 3,648 Labor Dept. prgms (excl. unemployment) 33 234 3,451 Medicaid 1,148 6,443 56,107 Medicare 975 19,321 124,487 NASA programs 111 327 4,047 Postal Service Money Orders and Other 91 1,377 13,883 Public Debt Cash Redemp. (Table III-B) 65,712 145,762 1,260,835 Social Security Benefits (EFT) 48 28,045 147,321 Temporary Assistance for Needy Families (HHS) 27 509 5,076 Unemployment Insurance Benefits 168 1,349 9,395 Veterans Affairs programs 59 664 7,134 Other Withdrawals: FSLIC Resolution Funds (RTC net) 225 224 214 Transportation Security Admin. (DHS) 2 31 609 Unclassified 1,129 9,915 82,696 Total, Other Withdrawals 1,356 19,864 185,081 Transfers to Depositaries 1,629 18,650 354,910 Total Federal Reserve Account 75,048 271,718 2,488,657 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,183 102,227 882,844 Total Withdrawals (excluding transfers) 73,419 253,068 2,133,747 Net Change in Operating Cash Balance -3,891 -48,967 -67,229 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday January 10, 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 64,405 120,403 1,027,688 Cash Management Series 0 0 53,000 Notes 0 -1 200,700 Bonds 0 0 7,567 Inflation-Protected Securities Increment 90 846 2,460 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 157 1,148 Interest Increment 0 629 2,393 Government Account Series 139,090 990,624 9,987,545 Domestic Series 225 225 472 Foreign Series 200 200 200 State and Local Series 64 1,578 21,782 Other 182 747 6,050 Total Issues 204,271 1,115,407 11,311,005 (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 65,410 136,888 1,051,380 Notes 0 0 157,097 Bonds 0 0 10,127 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 89 783 4,212 Government Account Series 136,632 1,000,439 9,859,867 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 42 7,359 30,837 Other 170 733 6,513 Total Redemptions 202,344 1,146,201 11,120,281 Net Change in Public Debt Outstanding 1,926 -30,795 190,724 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday January 10, 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) 204,271 1,115,407 11,311,005 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 624 1,156 10,449 Bonds and Notes (-) 0 0 371 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 139,090 990,624 9,987,124 Interest Increment on United States Savings Securities (-) 0 629 2,393 Inflation-Protected Securities Increment 90 846 2,257 Total Public Debt Cash Issues Deposited in Federal Reserve Account 64,467 122,152 1,309,020 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 202,344 1,146,201 11,120,281 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 (-) 136,632 1,000,439 9,859,446 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 65,712 145,762 1,260,835 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday January 10, 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/ $ 5,116,484 $ 5,116,465 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,081,894 4,079,987 4,092,870 3,958,348 Total Public Debt Outstanding 9,198,378 9,196,452 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 70,078 69,566 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 9,113,851 9,112,437 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 $1,43 3 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday January 10, 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 $ 2,245 $ 62,367 $ 517,269 Individual Income Taxes 40 154 1,125 Railroad Retirement Taxes 4 80 1,225 Excise Taxes 429 565 15,956 Corporation Income Taxes 75 564 104,272 Federal Unemployment Taxes 6 45 915 Estate and Gift Taxes & Misc IRS Rcpts. 7 39 184 Change in Balance of Unclassified Taxes -64 -238 650 Total 2,742 63,576 641,597 These Receipts were deposited in: Federal Reserve Account: Directly 85 544 10,121 Collector Depositaries 643 15,797 152,986 Tax and Loan Accounts 2,008 45,712 461,225 Inter-agency Transfers 6 1,523 17,264 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 21 $ 198 $ 1,717 $ 6,536 Deposits: Taxes Received (Table IV) 3 26 1,979 2,008 Transfers to Depositaries 0 1 128 129 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,500 Withdrawals: Treasury Initiated 0 0 1,885 1,886 Depositary Initiated 0 9 689 698 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,000 Repo Investment 0 0 0 1,600 Closing Balance Today 23 216 1,250 2,989 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday January 10, 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 $ 8 $ 303 $ 15,763 Business 81 1,537 19,592 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.