1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday January 11, 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 $ 5,237 $ 5,018 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 2,734 2,989 40,855 69,698 Total Operating Balance 7,971 8,008 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday January 11, 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) 9 236 1,652 Commodity Credit Corporation programs 60 534 2,915 Customs and Certain Excise Taxes 122 663 9,521 Deposits by States: Supplemental Security Income 0 1 1,193 Unemployment 14 131 5,011 Education Department programs 49 466 4,185 Energy Department programs 11 96 1,678 Estate and Gift Taxes 73 881 7,864 Federal Reserve Earnings 0 2,032 9,751 Foreign Deposits, Military Sales 129 1,323 4,994 FTD's Received (Table IV) 1,390 17,731 164,497 Housing and Urban Development programs 34 175 1,571 Individual Income and Employment Taxes, Not Withheld 1,707 11,351 40,098 Interest recd from T&L Depositaries 0 55 311 Justice Department programs 5 75 1,083 Postal Service 358 3,499 30,331 Public Debt Cash Issues (Table III-B) 103 122,254 1,309,123 Other Deposits: Air Transport Security Fees 1 5 593 Gas and Oil Lease Sales Proceeds 56 252 1,202 Total Other Deposits 57 1,131 13,645 Change in Balance of Uncollected Funds (closing balance $ 147) 23 -105 12 Transfers from Depositaries 5,532 107,759 888,376 Total Federal Reserve Account 9,674 270,291 2,497,811 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,127 50,839 466,352 Transfers from Federal Reserve Account (Table V) 150 18,800 355,060 Total Tax and Loan Note Accounts (Table V) 5,277 69,639 821,412 Total Deposits (excluding transfers) 9,269 213,370 2,075,787 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday January 11, 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 114 1,388 15,595 Defense Vendor Payments (EFT) 1,097 10,148 94,715 Education Department programs 600 4,519 25,190 Energy Department programs 121 709 8,005 Federal Employees Insurance Payments 155 1,881 15,985 Fed. Highway Administration programs 59 705 10,002 Federal Salaries (EFT) 2,594 5,422 44,652 Food and Nutrition Service (misc) 153 1,294 10,966 Food Stamps 85 717 5,849 GSA programs 20 680 4,504 Health and Human Services Grants (misc) 297 2,327 21,689 Housing and Urban Development programs 123 3,110 17,300 Interest on Treasury Securities 2 1,434 44,255 Justice Department programs 56 318 3,703 Labor Dept. prgms (excl. unemployment) 50 284 3,501 Medicaid 590 7,033 56,697 Medicare 1,149 20,470 125,636 NASA programs 67 395 4,114 Postal Service Money Orders and Other 195 1,572 14,078 Public Debt Cash Redemp. (Table III-B) 363 146,125 1,261,198 Social Security Benefits (EFT) 43 28,088 147,365 Temporary Assistance for Needy Families (HHS) 42 551 5,117 Unemployment Insurance Benefits 133 1,481 9,528 Veterans Affairs programs 109 773 7,243 Other Withdrawals: Transportation Security Admin. (DHS) 12 44 622 Unclassified 1,075 10,989 83,771 Total, Other Withdrawals 1,087 20,951 186,168 Transfers to Depositaries 150 18,800 355,060 Total Federal Reserve Account 9,456 281,175 2,498,113 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,532 107,759 888,376 Total Withdrawals (excluding transfers) 9,306 262,374 2,143,053 Net Change in Operating Cash Balance -37 -49,004 -67,266 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday January 11, 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 0 120,402 1,027,688 Cash Management Series 0 0 53,000 Notes 0 -1 200,700 Bonds 0 0 7,567 Inflation-Protected Securities Increment 91 937 2,551 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 174 1,165 Interest Increment 0 629 2,393 Government Account Series 136,416 1,127,040 10,123,962 Domestic Series 0 225 472 Foreign Series 0 200 200 State and Local Series 3 1,581 21,784 Other 83 830 6,133 Total Issues 136,610 1,252,016 11,447,615 (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 0 136,888 1,051,380 Notes 0 0 157,097 Bonds 0 0 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 78 861 4,290 Government Account Series 136,394 1,136,833 9,996,261 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 109 7,468 30,946 Other 175 908 6,689 Total Redemptions 136,757 1,282,958 11,257,038 Net Change in Public Debt Outstanding -147 -30,942 190,577 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday January 11, 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) 136,610 1,252,016 11,447,615 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,156 10,449 Bonds and Notes (-) 0 0 371 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 136,416 1,127,040 10,123,541 Interest Increment on United States Savings Securities (-) 0 629 2,393 Inflation-Protected Securities Increment 91 937 2,348 Total Public Debt Cash Issues Deposited in Federal Reserve Account 103 122,254 1,309,123 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 136,757 1,282,958 11,257,038 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 (-) 136,394 1,136,833 9,995,840 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 363 146,125 1,261,198 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday January 11, 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 $ 5,116,469 $ 5,116,484 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,081,762 4,081,894 4,092,870 3,958,348 Total Public Debt Outstanding 9,198,231 9,198,378 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,970 70,078 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 9,113,812 9,113,851 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 Friday January 11, 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 $ 6,528 $ 68,895 $ 523,797 Individual Income Taxes 178 332 1,303 Railroad Retirement Taxes 32 112 1,257 Excise Taxes 16 581 15,973 Corporation Income Taxes 153 717 104,425 Federal Unemployment Taxes 7 52 923 Estate and Gift Taxes & Misc IRS Rcpts. 1 41 185 Change in Balance of Unclassified Taxes -54 -292 596 Total 6,861 70,437 648,458 These Receipts were deposited in: Federal Reserve Account: Directly 111 655 10,232 Collector Depositaries 1,279 17,076 154,265 Tax and Loan Accounts 5,127 50,839 466,352 Inter-agency Transfers 344 1,868 17,609 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 23 $ 216 $ 1,250 $ 2,989 Deposits: Taxes Received (Table IV) 5 53 5,069 5,127 Transfers to Depositaries 0 2 148 150 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 198 1,921 2,118 Depositary Initiated 1 2 1,910 1,914 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,500 Closing Balance Today 27 71 2,636 2,734 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday January 11, 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 $ 7 $ 310 $ 15,770 Business 68 1,604 19,659 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.