1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday January 25, 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 $ 4,262 $ 5,166 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 33,518 40,439 40,855 69,698 Total Operating Balance 37,780 45,605 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday January 25, 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) 51 459 1,875 Commodity Credit Corporation programs 61 1,085 3,466 Customs and Certain Excise Taxes 153 2,446 11,303 Deposits by States: Supplemental Security Income 0 2 1,194 Unemployment 87 517 5,397 Education Department programs 38 918 4,637 Energy Department programs 24 292 1,873 Estate and Gift Taxes 102 1,924 8,907 Federal Reserve Earnings 0 3,320 11,039 Foreign Deposits, Military Sales 9 1,490 5,160 FTD's Received (Table IV) 1,333 38,761 185,526 Housing and Urban Development programs 10 338 1,734 Individual Income and Employment Taxes, Not Withheld 1,431 69,533 98,280 Interest recd from T&L Depositaries 1 68 324 Justice Department programs 4 189 1,197 Postal Service 374 7,279 34,110 Public Debt Cash Issues (Table III-B) 2,783 252,722 1,439,591 Other Deposits: Minerals Management Svc/Collections 175 430 3,335 Thrift Savings Plan Transfer 934 3,909 8,318 Total Other Deposits 1,109 4,794 17,308 Change in Balance of Uncollected Funds (closing balance $ 182) 47 -140 -23 Transfers from Depositaries 16,835 209,647 990,263 Total Federal Reserve Account 24,454 595,644 2,823,164 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,609 107,207 522,721 Transfers from Federal Reserve Account (Table V) 5,305 95,102 431,362 Total Tax and Loan Note Accounts (Table V) 9,914 202,310 954,083 Total Deposits (excluding transfers) 12,228 493,205 2,355,621 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday January 25, 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 89 2,898 17,105 Defense Vendor Payments (EFT) 1,341 22,797 107,364 Education Department programs 669 9,735 30,406 Energy Department programs 141 1,715 9,011 Federal Employees Insurance Payments 308 4,018 18,122 Fed. Highway Administration programs 60 1,671 10,968 Federal Salaries (EFT) 2,728 11,125 50,355 Food and Nutrition Service (misc) 76 2,699 12,371 Food Stamps 80 1,671 6,803 GSA programs 299 1,391 5,215 Health and Human Services Grants (misc) 354 4,939 24,301 Housing and Urban Development programs 114 4,210 18,400 Interest on Treasury Securities 2 7,453 50,274 Justice Department programs 37 770 4,155 Labor Dept. prgms (excl. unemployment) 104 824 4,040 Medicaid 510 13,710 63,374 Medicare 1,356 31,228 136,394 NASA programs 44 1,011 4,731 Postal Service Money Orders and Other 95 3,297 15,802 Public Debt Cash Redemp. (Table III-B) 298 296,577 1,411,650 Social Security Benefits (EFT) 68 40,502 159,778 Temporary Assistance for Needy Families (HHS) 37 1,062 5,629 Unemployment Insurance Benefits 139 3,156 11,202 Veterans Affairs programs 179 1,759 8,229 Other Withdrawals: Interntl Security Assistance (DSCA) 3,012 3,130 3,682 IRS Tax Refunds Business (EFT) 1,234 2,370 11,297 IRS Tax Refunds Individual (EFT) 5,722 6,058 8,954 Thrift Savings Plan Transfer 110 591 7,058 Transportation Security Admin. (DHS) 20 103 681 Unclassified 828 17,748 90,530 Total, Other Withdrawals 10,926 42,183 207,400 Transfers to Depositaries 5,305 95,102 431,362 Total Federal Reserve Account 25,358 607,502 2,824,440 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,835 209,647 990,263 Total Withdrawals (excluding transfers) 20,053 512,400 2,393,078 Net Change in Operating Cash Balance -7,825 -19,195 -37,457 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday January 25, 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 -2 237,316 1,144,602 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 88 2,180 3,794 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 265 1,257 Interest Increment 0 632 2,396 Government Account Series 146,933 2,415,147 11,412,069 Domestic Series 0 269 516 Foreign Series 2,700 2,900 2,900 State and Local Series 9 2,022 22,226 Other 85 1,745 7,049 Total Issues 149,827 2,672,893 12,868,491 (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 0 261,803 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 59 1,520 4,950 Government Account Series 142,489 2,402,971 11,262,399 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 4 9,216 32,694 Other 236 1,968 7,749 Total Redemptions 142,787 2,699,548 12,673,628 Net Change in Public Debt Outstanding 7,039 -26,656 194,864 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday January 25, 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) 149,827 2,672,893 12,868,491 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 22 2,183 11,475 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,933 2,415,147 11,411,648 Interest Increment on United States Savings Securities (-) 0 632 2,396 Inflation-Protected Securities Increment 88 2,180 3,591 Total Public Debt Cash Issues Deposited in Federal Reserve Account 2,783 252,722 1,439,591 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 142,787 2,699,548 12,673,628 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 (-) 142,489 2,402,971 11,261,978 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 298 296,577 1,411,650 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday January 25, 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 $ 5,102,239 $ 5,098,656 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,100,278 4,096,822 4,092,870 3,958,348 Total Public Debt Outstanding 9,202,517 9,195,478 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,952 69,054 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 9,119,118 9,111,976 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 Friday January 25, 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 $ 6,114 $ 135,174 $ 590,076 Individual Income Taxes 3 2,040 3,011 Railroad Retirement Taxes 8 276 1,421 Excise Taxes 338 2,852 18,244 Corporation Income Taxes 38 9,499 113,207 Federal Unemployment Taxes 19 222 1,093 Estate and Gift Taxes & Misc IRS Rcpts. 1 95 239 Change in Balance of Unclassified Taxes -165 -578 310 Total 6,356 149,580 727,600 These Receipts were deposited in: Federal Reserve Account: Directly 67 1,904 11,481 Collector Depositaries 1,266 36,856 174,045 Tax and Loan Accounts 4,609 107,207 522,721 Inter-agency Transfers 415 3,612 19,353 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 38 $ 459 $ 3,803 $ 40,439 Deposits: Taxes Received (Table IV) 4 48 4,557 4,609 Transfers to Depositaries 0 0 45 45 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,260 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 38 459 3,361 3,858 Depositary Initiated 0 2 1,983 1,985 Special Direct Investment 0 0 0 1,292 Term Investment 0 0 0 9,700 Repo Investment 0 0 0 0 Closing Balance Today 4 46 3,061 33,518 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday January 25, 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 $ 5,750 $ 6,452 $ 21,912 Business 1,247 3,774 21,829 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.