1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday January 17, 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 $ 4,913 $ 5,674 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 3,480 12,205 40,855 69,698 Total Operating Balance 8,393 17,879 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday January 17, 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) 8 320 1,736 Commodity Credit Corporation programs 70 763 3,144 Customs and Certain Excise Taxes 74 1,030 9,887 Deposits by States: Supplemental Security Income 0 2 1,193 Unemployment 34 236 5,115 Education Department programs 25 632 4,351 Energy Department programs 12 129 1,711 Estate and Gift Taxes 157 1,221 8,205 Federal Reserve Earnings 0 2,627 10,346 Foreign Deposits, Military Sales 13 1,433 5,103 FTD's Received (Table IV) 730 29,156 175,921 Housing and Urban Development programs 12 244 1,640 Individual Income and Employment Taxes, Not Withheld 3,744 29,315 58,062 Interest recd from T&L Depositaries 3 60 316 Justice Department programs 7 144 1,152 Postal Service 346 5,128 31,960 Public Debt Cash Issues (Table III-B) 54,257 187,482 1,374,350 Other Deposits: Thrift Savings Plan Transfer 258 1,092 5,500 Total Other Deposits 258 1,541 14,055 Change in Balance of Uncollected Funds (closing balance $ 179) -38 -137 -20 Transfers from Depositaries 10,558 161,628 942,245 Total Federal Reserve Account 70,269 422,953 2,650,472 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,751 83,738 499,252 Transfers from Federal Reserve Account (Table V) 82 40,515 376,775 Total Tax and Loan Note Accounts (Table V) 1,833 124,253 876,027 Total Deposits (excluding transfers) 61,462 345,063 2,207,479 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday January 17, 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 187 2,353 16,560 Defense Vendor Payments (EFT) 1,298 15,722 100,289 Education Department programs 575 6,742 27,413 Energy Department programs 144 1,096 8,392 Federal Employees Insurance Payments 136 2,517 16,621 Fed. Highway Administration programs 73 1,019 10,316 Federal Salaries (EFT) 649 7,949 47,179 Food and Nutrition Service (misc) 71 1,991 11,663 Food Stamps 142 1,286 6,418 GSA programs 102 899 4,723 Health and Human Services Grants (misc) 216 3,456 22,818 Housing and Urban Development programs 112 3,559 17,749 Interest on Treasury Securities 2 7,438 50,259 Justice Department programs 52 553 3,938 Labor Dept. prgms (excl. unemployment) 36 440 3,657 Medicaid 854 9,657 59,322 Medicare 845 24,212 129,378 NASA programs 45 606 4,326 Postal Service Money Orders and Other 144 2,472 14,977 Public Debt Cash Redemp. (Table III-B) 63,813 233,427 1,348,500 Social Security Benefits (EFT) 42 34,165 153,442 Temporary Assistance for Needy Families (HHS) 24 880 5,446 Unemployment Insurance Benefits 172 2,241 10,287 Veterans Affairs programs 61 1,146 7,616 Other Withdrawals: Interior 53 556 3,407 IRS Tax Refunds Business (EFT) 137 1,195 10,123 Transportation Security Admin. (DHS) 5 65 643 USDA: Forest Service 79 142 1,040 Unclassified 882 14,391 87,172 Total, Other Withdrawals 1,155 27,818 193,035 Transfers to Depositaries 82 40,515 376,775 Total Federal Reserve Account 71,031 434,160 2,651,098 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,558 161,628 942,245 Total Withdrawals (excluding transfers) 70,949 393,645 2,274,323 Net Change in Operating Cash Balance -9,486 -48,582 -66,844 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday January 17, 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 54,575 174,975 1,082,260 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 88 1,474 3,088 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 216 1,207 Interest Increment 0 630 2,395 Government Account Series 145,913 1,696,569 10,693,490 Domestic Series 0 269 516 Foreign Series 0 200 200 State and Local Series 39 1,902 22,105 Other 184 1,237 6,541 Total Issues 200,805 1,887,887 12,083,486 (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 63,568 200,456 1,114,948 Notes 0 21,800 178,897 Bonds 0 1 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 70 1,181 4,611 Government Account Series 139,725 1,696,048 10,555,476 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 6 8,415 31,893 Other 169 1,306 7,087 Total Redemptions 203,537 1,929,475 11,903,555 Net Change in Public Debt Outstanding -2,732 -41,588 179,931 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday January 17, 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) 200,805 1,887,887 12,083,486 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 548 1,704 10,996 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,913 1,696,569 10,693,069 Interest Increment on United States Savings Securities (-) 0 630 2,395 Inflation-Protected Securities Increment 88 1,474 2,885 Total Public Debt Cash Issues Deposited in Federal Reserve Account 54,257 187,482 1,374,350 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 203,537 1,929,475 11,903,555 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 (-) 139,725 1,696,048 10,555,055 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 63,813 233,427 1,348,500 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday January 17, 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 $ 5,095,855 $ 5,104,652 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,091,730 4,085,665 4,092,870 3,958,348 Total Public Debt Outstanding 9,187,584 9,190,317 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,336 68,896 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 9,103,801 9,106,972 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 Thursday January 17, 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 $ 2,468 $ 100,759 $ 555,660 Individual Income Taxes 42 1,961 2,933 Railroad Retirement Taxes 4 214 1,359 Excise Taxes 9 2,387 17,778 Corporation Income Taxes 55 9,080 112,788 Federal Unemployment Taxes 9 110 980 Estate and Gift Taxes & Misc IRS Rcpts. 6 78 222 Change in Balance of Unclassified Taxes 83 1,262 2,150 Total 2,677 115,851 693,871 These Receipts were deposited in: Federal Reserve Account: Directly 70 1,386 10,963 Collector Depositaries 660 27,770 164,959 Tax and Loan Accounts 1,751 83,738 499,252 Inter-agency Transfers 196 2,957 18,698 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 23 $ 190 $ 1,996 $ 12,205 Deposits: Taxes Received (Table IV) 4 29 1,718 1,751 Transfers to Depositaries 0 1 81 82 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 18 143 0 160 Depositary Initiated 0 1 402 402 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 9,995 Repo Investment 0 0 0 0 Closing Balance Today 10 77 3,394 3,480 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday January 17, 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 $ 3 $ 339 $ 15,799 Business 173 2,262 20,317 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.