1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday January 16, 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 $ 5,674 $ 4,762 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 12,205 5,580 40,855 69,698 Total Operating Balance 17,879 10,342 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday January 16, 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) 11 311 1,727 Commodity Credit Corporation programs 48 693 3,074 Customs and Certain Excise Taxes 90 956 9,813 Deposits by States: Supplemental Security Income 0 2 1,193 Unemployment 31 202 5,082 Education Department programs 33 607 4,327 Energy Department programs 7 117 1,698 Estate and Gift Taxes 59 1,064 8,048 Federal Reserve Earnings 595 2,627 10,346 Foreign Deposits, Military Sales 86 1,420 5,091 FTD's Received (Table IV) 4,068 28,426 175,192 Housing and Urban Development programs 14 232 1,628 Individual Income and Employment Taxes, Not Withheld 3,524 25,571 54,318 Interest recd from T&L Depositaries 0 57 312 Justice Department programs 44 137 1,145 Postal Service 393 4,782 31,613 Public Debt Cash Issues (Table III-B) 155 133,225 1,320,093 Other Deposits: Total Other Deposits 0 1,283 13,797 Change in Balance of Uncollected Funds (closing balance $ 141) -26 -99 18 Transfers from Depositaries 15,443 151,070 931,687 Total Federal Reserve Account 24,576 352,683 2,580,203 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,060 81,988 497,501 Transfers from Federal Reserve Account (Table V) 11,008 40,433 376,692 Total Tax and Loan Note Accounts (Table V) 22,068 122,420 874,194 Total Deposits (excluding transfers) 20,193 283,601 2,146,017 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday January 16, 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 316 2,166 16,373 Defense Vendor Payments (EFT) 1,331 14,424 98,991 Education Department programs 550 6,166 26,837 Energy Department programs 124 951 8,247 Federal Employees Insurance Payments 191 2,380 16,484 Fed. Highway Administration programs 98 946 10,243 Federal Salaries (EFT) 160 7,300 46,530 Food and Nutrition Service (misc) 148 1,920 11,592 Food Stamps 75 1,144 6,277 GSA programs 40 797 4,621 Health and Human Services Grants (misc) 282 3,240 22,602 Housing and Urban Development programs 117 3,448 17,637 Interest on Treasury Securities 2 7,437 50,258 Justice Department programs 68 501 3,886 Labor Dept. prgms (excl. unemployment) 49 405 3,621 Medicaid 805 8,804 58,468 Medicare 792 23,367 128,533 NASA programs 39 561 4,281 Postal Service Money Orders and Other 169 2,328 14,834 Public Debt Cash Redemp. (Table III-B) 147 169,615 1,284,687 Social Security Benefits (EFT) 5,952 34,123 153,400 Temporary Assistance for Needy Families (HHS) 95 856 5,422 Unemployment Insurance Benefits 197 2,069 10,116 Veterans Affairs programs 65 1,085 7,555 Other Withdrawals: Interior 92 503 3,354 Thrift Savings Plan Transfer 71 378 6,845 Transportation Security Admin. (DHS) 1 60 638 Unclassified 677 13,509 86,290 Total, Other Withdrawals 842 26,663 191,880 Transfers to Depositaries 11,008 40,433 376,692 Total Federal Reserve Account 23,664 363,129 2,580,067 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 15,443 151,070 931,687 Total Withdrawals (excluding transfers) 12,655 322,696 2,203,375 Net Change in Operating Cash Balance 7,538 -39,096 -57,358 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday January 16, 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 1,027,685 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 87 1,386 3,000 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 209 1,200 Interest Increment 1 630 2,395 Government Account Series 140,388 1,550,656 10,547,578 Domestic Series 0 269 516 Foreign Series 0 200 200 State and Local Series 76 1,863 22,066 Other 72 1,054 6,357 Total Issues 140,631 1,687,082 11,882,681 (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 21,800 178,897 Bonds 0 0 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 74 1,111 4,541 Government Account Series 144,333 1,556,323 10,415,751 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 0 8,409 31,887 Other 73 1,137 6,917 Total Redemptions 144,480 1,725,938 11,700,017 Net Change in Public Debt Outstanding -3,849 -38,856 182,663 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday January 16, 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) 140,631 1,687,082 11,882,681 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,156 10,449 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 140,388 1,550,656 10,547,157 Interest Increment on United States Savings Securities (-) 1 630 2,395 Inflation-Protected Securities Increment 87 1,386 2,797 Total Public Debt Cash Issues Deposited in Federal Reserve Account 155 133,225 1,320,093 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,480 1,725,938 11,700,017 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 (-) 144,333 1,556,323 10,415,330 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 147 169,615 1,284,687 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday January 16, 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 $ 5,104,652 $ 5,104,643 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,085,665 4,089,523 4,092,870 3,958,348 Total Public Debt Outstanding 9,190,317 9,194,166 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,896 69,004 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 9,106,972 9,110,713 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 Wednesday January 16, 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 $ 13,707 $ 98,291 $ 553,192 Individual Income Taxes 70 1,920 2,891 Railroad Retirement Taxes 53 210 1,355 Excise Taxes 8 2,378 17,770 Corporation Income Taxes 157 9,025 112,733 Federal Unemployment Taxes 14 101 971 Estate and Gift Taxes & Misc IRS Rcpts. 27 72 216 Change in Balance of Unclassified Taxes 1,121 1,179 2,067 Total 15,157 113,174 691,195 These Receipts were deposited in: Federal Reserve Account: Directly 100 1,316 10,893 Collector Depositaries 3,969 27,110 164,299 Tax and Loan Accounts 11,060 81,988 497,501 Inter-agency Transfers 29 2,761 18,502 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 11 $ 89 $ 3,479 $ 5,580 Deposits: Taxes Received (Table IV) 14 115 10,931 11,060 Transfers to Depositaries 0 10 1,003 1,013 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 9,995 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 8,912 8,912 Depositary Initiated 1 25 4,505 4,531 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 2,000 Closing Balance Today 23 190 1,996 12,205 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday January 16, 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 $ 336 $ 15,796 Business 201 2,089 20,144 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.