1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday January 14, 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 $ 5,033 $ 5,237 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 11,198 2,734 40,855 69,698 Total Operating Balance 16,232 7,971 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday January 14, 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) 14 250 1,666 Commodity Credit Corporation programs 48 582 2,963 Customs and Certain Excise Taxes 118 782 9,639 Deposits by States: Supplemental Security Income 0 1 1,193 Unemployment 14 145 5,024 Education Department programs 69 535 4,254 Energy Department programs 6 102 1,684 Estate and Gift Taxes 70 951 7,934 Federal Reserve Earnings 0 2,032 9,751 Foreign Deposits, Military Sales 8 1,331 5,002 FTD's Received (Table IV) 2,894 20,625 167,391 Housing and Urban Development programs 21 196 1,592 Individual Income and Employment Taxes, Not Withheld 2,164 13,515 42,262 Interest recd from T&L Depositaries 0 55 311 Justice Department programs 7 83 1,091 Postal Service 421 3,920 30,752 Public Debt Cash Issues (Table III-B) 139 122,394 1,309,262 Other Deposits: Air Transport Security Fees 1 6 594 Defense Finance & Accounting Service 51 294 2,333 Total Other Deposits 51 1,183 13,697 Change in Balance of Uncollected Funds (closing balance $ 36) 111 6 123 Transfers from Depositaries 10,491 118,251 898,867 Total Federal Reserve Account 16,648 286,939 2,514,458 Tax and Loan Note Accounts: FTD's Received (Table IV) 10,331 61,170 476,683 Transfers from Federal Reserve Account (Table V) 8,624 27,424 363,684 Total Tax and Loan Note Accounts (Table V) 18,955 88,594 840,367 Total Deposits (excluding transfers) 16,488 229,858 2,092,274 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday January 14, 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 166 1,554 15,761 Defense Vendor Payments (EFT) 1,155 11,303 95,870 Education Department programs 604 5,122 25,793 Energy Department programs 64 772 8,068 Federal Employees Insurance Payments 153 2,033 16,137 Fed. Highway Administration programs 48 753 10,050 Federal Salaries (EFT) 1,155 6,577 45,808 Food and Nutrition Service (misc) 336 1,630 11,302 Food Stamps 209 926 6,058 GSA programs 33 713 4,537 Health and Human Services Grants (misc) 269 2,596 21,958 Housing and Urban Development programs 103 3,213 17,402 Interest on Treasury Securities 2 1,436 44,256 Justice Department programs 60 379 3,764 Labor Dept. prgms (excl. unemployment) 41 326 3,542 Medicaid 563 7,596 57,260 Medicare 919 21,390 126,555 NASA programs 45 440 4,159 Postal Service Money Orders and Other 381 1,954 14,459 Public Debt Cash Redemp. (Table III-B) 211 146,336 1,261,408 Social Security Benefits (EFT) 42 28,130 147,407 Temporary Assistance for Needy Families (HHS) 143 694 5,260 Unemployment Insurance Benefits 189 1,670 9,717 Veterans Affairs programs 148 921 7,391 Other Withdrawals: Agriculture Loan Payments (misc) 54 54 242 Emergency Prep & Response (DHS) 69 319 2,799 Transportation Security Admin. (DHS) 10 54 632 Unclassified 1,054 12,044 84,825 Total, Other Withdrawals 1,188 22,138 187,356 Transfers to Depositaries 8,624 27,424 363,684 Total Federal Reserve Account 16,851 298,026 2,514,964 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,491 118,251 898,867 Total Withdrawals (excluding transfers) 8,227 270,601 2,151,280 Net Change in Operating Cash Balance 8,261 -40,743 -59,005 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday January 14, 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 -2 120,400 1,027,686 Cash Management Series 0 0 53,000 Notes 0 -1 200,700 Bonds 0 0 7,567 Inflation-Protected Securities Increment 271 1,207 2,821 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 19 192 1,184 Interest Increment 0 629 2,394 Government Account Series 137,440 1,264,480 10,261,401 Domestic Series 44 269 516 Foreign Series 0 200 200 State and Local Series 2 1,583 21,786 Other 77 907 6,210 Total Issues 137,850 1,389,867 11,585,466 (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 96 957 4,386 Government Account Series 135,994 1,272,828 10,132,255 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 35 7,503 30,981 Other 80 988 6,769 Total Redemptions 136,205 1,419,163 11,393,243 Net Change in Public Debt Outstanding 1,645 -29,297 192,223 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday January 14, 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) 137,850 1,389,867 11,585,466 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 (-) 137,440 1,264,480 10,260,980 Interest Increment on United States Savings Securities (-) 0 629 2,394 Inflation-Protected Securities Increment 271 1,207 2,619 Total Public Debt Cash Issues Deposited in Federal Reserve Account 139 122,394 1,309,262 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 136,205 1,419,163 11,393,243 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 (-) 135,994 1,272,828 10,131,834 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 211 146,336 1,261,408 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday January 14, 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/ $ 5,116,702 $ 5,116,469 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,083,174 4,081,762 4,092,870 3,958,348 Total Public Debt Outstanding 9,199,876 9,198,231 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,646 69,970 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 9,115,781 9,113,812 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 $1,89 9 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday January 14, 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 $ 10,388 $ 79,284 $ 534,185 Individual Income Taxes 360 691 1,663 Railroad Retirement Taxes 36 147 1,292 Excise Taxes 1,745 2,326 17,717 Corporation Income Taxes 853 1,569 105,278 Federal Unemployment Taxes 12 64 934 Estate and Gift Taxes & Misc IRS Rcpts. 2 43 187 Change in Balance of Unclassified Taxes 44 -248 639 Total 13,438 83,876 661,896 These Receipts were deposited in: Federal Reserve Account: Directly 478 1,133 10,710 Collector Depositaries 2,416 19,493 156,682 Tax and Loan Accounts 10,331 61,170 476,683 Inter-agency Transfers 213 2,081 17,822 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 27 $ 71 $ 2,636 $ 2,734 Deposits: Taxes Received (Table IV) 5 59 10,266 10,331 Transfers to Depositaries 0 0 129 129 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,595 Repo Investment 0 0 0 1,900 Withdrawals: Treasury Initiated 0 0 3,775 3,775 Depositary Initiated 1 9 6,707 6,717 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 32 122 2,550 11,198 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday January 14, 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 $ 13 $ 323 $ 15,783 Business 29 1,633 19,689 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.