1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday January 15, 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 $ 4,762 $ 5,033 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 5,580 11,198 40,855 69,698 Total Operating Balance 10,342 16,232 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday January 15, 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) 50 300 1,716 Commodity Credit Corporation programs 63 645 3,026 Customs and Certain Excise Taxes 84 866 9,723 Deposits by States: Supplemental Security Income 0 1 1,193 Unemployment 26 171 5,050 Education Department programs 40 575 4,294 Energy Department programs 8 110 1,691 Estate and Gift Taxes 55 1,005 7,989 Federal Reserve Earnings 0 2,032 9,751 Foreign Deposits, Military Sales 3 1,335 5,005 FTD's Received (Table IV) 3,732 24,358 171,123 Housing and Urban Development programs 22 218 1,614 Individual Income and Employment Taxes, Not Withheld 8,532 22,047 50,794 Interest recd from T&L Depositaries 1 56 312 Justice Department programs 10 93 1,101 Postal Service 468 4,389 31,220 Public Debt Cash Issues (Table III-B) 10,676 133,070 1,319,938 Other Deposits: Thrift Savings Plan Transfer 100 832 5,241 Total Other Deposits 100 1,283 13,797 Change in Balance of Uncollected Funds (closing balance $ 115) -79 -73 44 Transfers from Depositaries 17,377 135,628 916,244 Total Federal Reserve Account 41,169 328,108 2,555,627 Tax and Loan Note Accounts: FTD's Received (Table IV) 9,758 70,928 486,442 Transfers from Federal Reserve Account (Table V) 2,000 29,424 365,684 Total Tax and Loan Note Accounts (Table V) 11,758 100,352 852,126 Total Deposits (excluding transfers) 33,550 263,408 2,125,824 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday January 15, 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 296 1,850 16,057 Defense Vendor Payments (EFT) 1,790 13,093 97,660 Education Department programs 494 5,617 26,288 Energy Department programs 55 828 8,123 Federal Employees Insurance Payments 156 2,189 16,293 Fed. Highway Administration programs 95 848 10,145 Federal Salaries (EFT) 563 7,140 46,370 Food and Nutrition Service (misc) 142 1,772 11,444 Food Stamps 143 1,069 6,202 GSA programs 44 757 4,581 Health and Human Services Grants (misc) 362 2,958 22,320 Housing and Urban Development programs 118 3,330 17,520 Interest on Treasury Securities 5,999 7,435 50,255 Justice Department programs 54 433 3,818 Labor Dept. prgms (excl. unemployment) 30 355 3,572 Medicaid 403 7,998 57,663 Medicare 1,185 22,575 127,741 NASA programs 82 522 4,242 Postal Service Money Orders and Other 206 2,160 14,665 Public Debt Cash Redemp. (Table III-B) 23,132 169,467 1,284,540 Social Security Benefits (EFT) 41 28,171 147,448 Temporary Assistance for Needy Families (HHS) 68 762 5,328 Unemployment Insurance Benefits 202 1,872 9,919 Veterans Affairs programs 99 1,020 7,490 Other Withdrawals: Centers for Disease Control 51 51 266 Export-Import Bank (net) -80 -91 -513 IRS Tax Refunds Business (EFT) 198 1,015 9,942 Military Active Duty Pay (EFT) 2,503 2,503 23,283 Pmt. to Resolution Funding Corp (Treas) 217 217 475 Transportation Security Admin. (DHS) 5 59 637 Unclassified 788 12,832 85,613 Total, Other Withdrawals 3,683 25,821 191,039 Transfers to Depositaries 2,000 29,424 365,684 Total Federal Reserve Account 41,440 339,465 2,556,404 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,377 135,628 916,244 Total Withdrawals (excluding transfers) 39,440 310,041 2,190,720 Net Change in Operating Cash Balance -5,890 -46,633 -64,895 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday January 15, 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 0 120,400 1,027,686 Cash Management Series 0 0 53,000 Notes 10,417 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 91 1,298 2,912 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 201 1,193 Interest Increment 0 629 2,394 Government Account Series 145,789 1,410,269 10,407,190 Domestic Series 0 269 516 Foreign Series 0 200 200 State and Local Series 204 1,787 21,991 Other 74 981 6,284 Total Issues 156,584 1,546,451 11,742,050 (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 21,800 21,800 178,897 Bonds 0 0 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 80 1,037 4,467 Government Account Series 139,163 1,411,990 10,271,418 Domestic Series 269 269 516 Foreign Series 0 0 0 State and Local Series 906 8,409 31,887 Other 76 1,063 6,844 Total Redemptions 162,295 1,581,458 11,555,537 Net Change in Public Debt Outstanding -5,710 -35,007 186,512 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday January 15, 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) 156,584 1,546,451 11,742,050 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,156 10,449 Bonds and Notes (-) 29 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,789 1,410,269 10,406,769 Interest Increment on United States Savings Securities (-) 0 629 2,394 Inflation-Protected Securities Increment 91 1,298 2,710 Total Public Debt Cash Issues Deposited in Federal Reserve Account 10,676 133,070 1,319,938 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 162,295 1,581,458 11,555,537 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 (-) 139,163 1,411,990 10,270,997 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 23,132 169,467 1,284,540 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday January 15, 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/ $ 5,104,643 $ 5,116,702 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,089,523 4,083,174 4,092,870 3,958,348 Total Public Debt Outstanding 9,194,166 9,199,876 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,004 69,646 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 9,110,713 9,115,781 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 $1,99 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday January 15, 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 $ 5,299 $ 84,583 $ 539,484 Individual Income Taxes 1,159 1,850 2,821 Railroad Retirement Taxes 9 156 1,302 Excise Taxes 44 2,370 17,762 Corporation Income Taxes 7,299 8,868 112,576 Federal Unemployment Taxes 22 86 957 Estate and Gift Taxes & Misc IRS Rcpts. 2 45 189 Change in Balance of Unclassified Taxes 307 59 947 Total 14,141 98,017 676,037 These Receipts were deposited in: Federal Reserve Account: Directly 84 1,216 10,793 Collector Depositaries 3,649 23,141 160,330 Tax and Loan Accounts 9,758 70,928 486,442 Inter-agency Transfers 651 2,731 18,472 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 32 $ 122 $ 2,550 $ 11,198 Deposits: Taxes Received (Table IV) 11 111 9,635 9,758 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 2,000 Withdrawals: Treasury Initiated 32 122 4,514 4,667 Depositary Initiated 0 22 4,192 4,215 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,595 Repo Investment 0 0 0 1,900 Closing Balance Today 11 89 3,479 5,580 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday January 15, 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 $ 6 $ 329 $ 15,789 Business 254 1,888 19,943 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.