1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday January 23, 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 $ 4,871 $ 6,058 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 39,423 26,974 40,855 69,698 Total Operating Balance 44,294 33,032 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday January 23, 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) 57 397 1,813 Commodity Credit Corporation programs 72 967 3,348 Customs and Certain Excise Taxes 114 1,379 10,236 Deposits by States: Supplemental Security Income 0 2 1,194 Unemployment 56 377 5,257 Education Department programs 47 838 4,557 Energy Department programs 42 228 1,809 Estate and Gift Taxes 76 1,605 8,588 Federal Reserve Earnings 693 3,320 11,039 Foreign Deposits, Military Sales 3 1,471 5,142 FTD's Received (Table IV) 1,228 34,966 181,732 Housing and Urban Development programs 17 316 1,713 Individual Income and Employment Taxes, Not Withheld 19,817 66,145 94,892 Interest recd from T&L Depositaries 0 60 316 Justice Department programs 10 179 1,187 Postal Service 559 6,505 33,337 Public Debt Cash Issues (Table III-B) 130 187,831 1,374,699 Other Deposits: Air Transport Security Fees 1 8 596 Thrift Savings Plan Transfer 1,033 2,458 6,867 Total Other Deposits 1,033 3,166 15,680 Change in Balance of Uncollected Funds (closing balance $ 171) -121 -129 -12 Transfers from Depositaries 1,188 175,293 955,910 Total Federal Reserve Account 25,024 484,915 2,712,435 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,007 99,657 515,170 Transfers from Federal Reserve Account (Table V) 11,631 74,205 410,464 Total Tax and Loan Note Accounts (Table V) 13,638 173,861 925,635 Total Deposits (excluding transfers) 25,842 409,279 2,271,696 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday January 23, 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 95 2,664 16,871 Defense Vendor Payments (EFT) 2,123 20,247 104,814 Education Department programs 529 8,343 29,014 Energy Department programs 100 1,478 8,773 Federal Employees Insurance Payments 235 3,114 17,218 Fed. Highway Administration programs 166 1,477 10,773 Federal Salaries (EFT) 136 8,234 47,464 Food and Nutrition Service (misc) 135 2,474 12,146 Food Stamps 33 1,542 6,674 GSA programs 26 963 4,787 Health and Human Services Grants (misc) 245 4,286 23,649 Housing and Urban Development programs 140 3,969 18,159 Interest on Treasury Securities 3 7,448 50,269 Justice Department programs 32 700 4,085 Labor Dept. prgms (excl. unemployment) 47 671 3,887 Medicaid 741 11,799 61,464 Medicare 2,002 28,418 133,584 NASA programs 30 751 4,471 Postal Service Money Orders and Other 230 3,143 15,648 Public Debt Cash Redemp. (Table III-B) 220 234,593 1,349,666 Social Security Benefits (EFT) 6,145 40,395 159,671 Temporary Assistance for Needy Families (HHS) 36 981 5,547 Unemployment Insurance Benefits 250 2,828 10,874 Veterans Affairs programs 44 1,427 7,897 Other Withdrawals: Emergency Prep & Response (DHS) 65 586 3,065 Federal Transit Admin. 52 108 1,274 Interior 55 727 3,579 IRS Tax Refunds Individual (EFT) 66 269 3,166 Transportation Security Admin. (DHS) 7 81 659 Unclassified 594 16,068 88,849 Total, Other Withdrawals 838 30,013 195,231 Transfers to Depositaries 11,631 74,205 410,464 Total Federal Reserve Account 26,211 496,165 2,713,103 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,188 175,293 955,910 Total Withdrawals (excluding transfers) 14,580 421,960 2,302,638 Net Change in Operating Cash Balance 11,262 -12,681 -30,943 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday January 23, 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 0 174,972 1,082,257 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 88 2,003 3,617 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 244 1,235 Interest Increment 1 631 2,396 Government Account Series 145,821 2,122,593 11,119,515 Domestic Series 0 269 516 Foreign Series 0 200 200 State and Local Series 45 1,979 22,183 Other 78 1,484 6,788 Total Issues 146,041 2,314,791 12,510,390 (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 0 200,456 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 71 1,392 4,821 Government Account Series 144,654 2,117,128 10,976,556 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 70 9,113 32,591 Other 79 1,563 7,343 Total Redemptions 144,873 2,351,722 12,325,801 Net Change in Public Debt Outstanding 1,167 -36,931 184,589 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday January 23, 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) 146,041 2,314,791 12,510,390 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,704 10,996 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,821 2,122,593 11,119,094 Interest Increment on United States Savings Securities (-) 1 631 2,396 Inflation-Protected Securities Increment 88 2,003 3,415 Total Public Debt Cash Issues Deposited in Federal Reserve Account 130 187,831 1,374,699 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,873 2,351,722 12,325,801 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 (-) 144,654 2,117,128 10,976,135 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 220 234,593 1,349,666 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday January 23, 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 $ 5,097,062 $ 5,095,916 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,095,180 4,095,159 4,092,870 3,958,348 Total Public Debt Outstanding 9,192,242 9,191,075 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,703 68,808 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 9,109,092 9,107,819 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 23, 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 $ 3,760 $ 123,315 $ 578,216 Individual Income Taxes 11 2,029 3,000 Railroad Retirement Taxes 3 264 1,409 Excise Taxes 24 2,448 17,839 Corporation Income Taxes 119 9,403 113,112 Federal Unemployment Taxes 42 188 1,058 Estate and Gift Taxes & Misc IRS Rcpts. 3 83 227 Change in Balance of Unclassified Taxes -703 -93 794 Total 3,259 137,636 715,656 These Receipts were deposited in: Federal Reserve Account: Directly 191 1,752 11,329 Collector Depositaries 1,037 33,215 170,403 Tax and Loan Accounts 2,007 99,657 515,170 Inter-agency Transfers 24 3,013 18,754 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 26 $ 299 $ 9,073 $ 26,974 Deposits: Taxes Received (Table IV) 7 59 1,941 2,007 Transfers to Depositaries 5 108 2,927 3,040 Special Direct Investment 0 0 0 2,091 Term Investment 0 0 0 6,500 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 23 1,164 1,188 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 37 442 12,778 39,423 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday January 23, 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 $ 78 $ 629 $ 16,089 Business 125 2,452 20,507 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.