1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday January 24, 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 $ 5,166 $ 4,871 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 40,439 39,423 40,855 69,698 Total Operating Balance 45,605 44,294 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday January 24, 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) 11 408 1,824 Commodity Credit Corporation programs 58 1,025 3,406 Customs and Certain Excise Taxes 913 2,293 11,150 Deposits by States: Supplemental Security Income 0 2 1,194 Unemployment 53 430 5,310 Education Department programs 42 880 4,599 Energy Department programs 41 268 1,850 Estate and Gift Taxes 217 1,822 8,806 Federal Reserve Earnings 0 3,320 11,039 Foreign Deposits, Military Sales 10 1,481 5,152 FTD's Received (Table IV) 2,462 37,428 184,194 Housing and Urban Development programs 11 328 1,724 Individual Income and Employment Taxes, Not Withheld 1,957 68,102 96,849 Interest recd from T&L Depositaries 7 67 322 Justice Department programs 5 185 1,192 Postal Service 400 6,905 33,736 Public Debt Cash Issues (Table III-B) 62,109 249,939 1,436,807 Other Deposits: Air Transport Security Fees 1 10 598 Thrift Savings Plan Transfer 517 2,976 7,384 Total Other Deposits 518 3,684 16,199 Change in Balance of Uncollected Funds (closing balance $ 229) -58 -187 -70 Transfers from Depositaries 17,519 192,811 973,428 Total Federal Reserve Account 86,275 571,190 2,798,710 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,942 102,598 518,112 Transfers from Federal Reserve Account (Table V) 15,593 89,797 426,057 Total Tax and Loan Note Accounts (Table V) 18,534 192,396 944,169 Total Deposits (excluding transfers) 71,698 480,977 2,343,394 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday January 24, 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 145 2,809 17,016 Defense Vendor Payments (EFT) 1,209 21,456 106,023 Education Department programs 723 9,067 29,738 Energy Department programs 97 1,575 8,870 Federal Employees Insurance Payments 596 3,710 17,814 Fed. Highway Administration programs 134 1,611 10,908 Federal Salaries (EFT) 163 8,397 47,627 Food and Nutrition Service (misc) 149 2,623 12,295 Food Stamps 49 1,591 6,724 GSA programs 129 1,092 4,916 Health and Human Services Grants (misc) 299 4,585 23,947 Housing and Urban Development programs 127 4,096 18,286 Interest on Treasury Securities 3 7,451 50,272 Justice Department programs 34 733 4,118 Labor Dept. prgms (excl. unemployment) 49 719 3,936 Medicaid 1,401 13,200 62,864 Medicare 1,454 29,872 135,038 NASA programs 215 966 4,686 Postal Service Money Orders and Other 58 3,201 15,706 Public Debt Cash Redemp. (Table III-B) 61,685 296,279 1,411,351 Social Security Benefits (EFT) 39 40,434 159,711 Temporary Assistance for Needy Families (HHS) 44 1,025 5,591 Unemployment Insurance Benefits 189 3,017 11,063 Veterans Affairs programs 152 1,579 8,049 Other Withdrawals: Federal Aviation Administration 54 296 2,508 Federal Financing Bank (net) 82 109 -763 Federal Transit Admin. 66 174 1,340 HHS: Indian Health Service 60 201 377 Interior 61 788 3,639 IRS Tax Refunds Individual (EFT) 66 336 3,232 Transportation Security Admin. (DHS) 2 83 661 Unclassified 853 16,921 89,702 Total, Other Withdrawals 1,244 31,257 196,475 Transfers to Depositaries 15,593 89,797 426,057 Total Federal Reserve Account 85,979 582,144 2,799,082 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,519 192,811 973,428 Total Withdrawals (excluding transfers) 70,387 492,347 2,373,025 Net Change in Operating Cash Balance 1,311 -11,370 -29,632 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday January 24, 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 62,346 237,318 1,144,603 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 88 2,091 3,705 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 252 1,244 Interest Increment 0 631 2,396 Government Account Series 145,621 2,268,214 11,265,136 Domestic Series 0 269 516 Foreign Series 0 200 200 State and Local Series 34 2,014 22,217 Other 177 1,661 6,964 Total Issues 208,275 2,523,066 12,718,665 (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 61,347 261,803 1,176,295 Notes 0 21,800 178,897 Bonds 0 1 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 70 1,462 4,891 Government Account Series 143,354 2,260,482 11,119,910 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 99 9,212 32,690 Other 169 1,732 7,513 Total Redemptions 205,039 2,556,761 12,530,841 Net Change in Public Debt Outstanding 3,236 -33,695 187,824 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday January 24, 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) 208,275 2,523,066 12,718,665 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 457 2,161 11,454 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,621 2,268,214 11,264,715 Interest Increment on United States Savings Securities (-) 0 631 2,396 Inflation-Protected Securities Increment 88 2,091 3,502 Total Public Debt Cash Issues Deposited in Federal Reserve Account 62,109 249,939 1,436,807 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 205,039 2,556,761 12,530,841 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 (-) 143,354 2,260,482 11,119,489 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 61,685 296,279 1,411,351 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday January 24, 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 $ 5,098,656 $ 5,097,062 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,096,822 4,095,180 4,092,870 3,958,348 Total Public Debt Outstanding 9,195,478 9,192,242 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 69,054 68,703 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 9,111,976 9,109,092 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 24, 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 $ 5,745 $ 129,060 $ 583,961 Individual Income Taxes 8 2,037 3,008 Railroad Retirement Taxes 4 268 1,413 Excise Taxes 67 2,514 17,906 Corporation Income Taxes 58 9,461 113,169 Federal Unemployment Taxes 16 203 1,074 Estate and Gift Taxes & Misc IRS Rcpts. 11 93 238 Change in Balance of Unclassified Taxes -320 -414 474 Total 5,587 143,223 721,244 These Receipts were deposited in: Federal Reserve Account: Directly 86 1,837 11,414 Collector Depositaries 2,376 35,591 172,780 Tax and Loan Accounts 2,942 102,598 518,112 Inter-agency Transfers 184 3,197 18,938 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 37 $ 442 $ 12,778 $ 39,423 Deposits: Taxes Received (Table IV) 2 29 2,910 2,942 Transfers to Depositaries 0 0 40 40 Special Direct Investment 0 0 0 353 Term Investment 0 0 0 15,200 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 9,738 9,738 Depositary Initiated 1 13 2,187 2,201 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,580 Repo Investment 0 0 0 0 Closing Balance Today 38 459 3,803 40,439 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday January 24, 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 $ 73 $ 702 $ 16,162 Business 75 2,527 20,582 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.