1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday January 28, 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 $ 4,463 $ 4,262 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 39,706 33,518 40,855 69,698 Total Operating Balance 44,169 37,780 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday January 28, 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) 18 477 1,893 Commodity Credit Corporation programs 55 1,140 3,521 Customs and Certain Excise Taxes 83 2,528 11,386 Deposits by States: Supplemental Security Income 3 5 1,197 Unemployment 77 594 5,474 Education Department programs 66 984 4,703 Energy Department programs 140 432 2,013 Estate and Gift Taxes 129 2,053 9,036 Federal Reserve Earnings 0 3,320 11,039 Foreign Deposits, Military Sales 3 1,493 5,163 FTD's Received (Table IV) 2,133 40,894 187,659 Housing and Urban Development programs 18 356 1,752 Individual Income and Employment Taxes, Not Withheld 664 70,197 98,944 Interest recd from T&L Depositaries 0 68 324 Justice Department programs 5 194 1,202 Postal Service 414 7,693 34,524 Public Debt Cash Issues (Table III-B) 117 252,839 1,439,707 Other Deposits: Air Transport Security Fees 4 14 602 Total Other Deposits 4 4,798 17,312 Change in Balance of Uncollected Funds (closing balance $ 41) 141 2 118 Transfers from Depositaries 10,165 219,812 1,000,428 Total Federal Reserve Account 14,232 609,876 2,837,396 Tax and Loan Note Accounts: FTD's Received (Table IV) 10,398 117,606 533,119 Transfers from Federal Reserve Account (Table V) 5,955 101,057 437,317 Total Tax and Loan Note Accounts (Table V) 16,353 218,663 970,436 Total Deposits (excluding transfers) 14,465 507,670 2,370,087 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday January 28, 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 107 3,005 17,212 Defense Vendor Payments (EFT) 1,135 23,932 108,499 Education Department programs 582 10,317 30,988 Energy Department programs 75 1,790 9,086 Federal Employees Insurance Payments 181 4,199 18,303 Fed. Highway Administration programs 128 1,799 11,096 Federal Salaries (EFT) 1,230 12,355 51,585 Food and Nutrition Service (misc) 207 2,906 12,578 Food Stamps 90 1,761 6,893 GSA programs 25 1,416 5,240 Health and Human Services Grants (misc) 206 5,144 24,507 Housing and Urban Development programs 119 4,330 18,519 Interest on Treasury Securities 2 7,455 50,276 Justice Department programs 23 793 4,178 Labor Dept. prgms (excl. unemployment) 46 870 4,086 Medicaid 445 14,154 63,819 Medicare 1,085 32,313 137,479 NASA programs 32 1,043 4,763 Postal Service Money Orders and Other 310 3,607 16,112 Public Debt Cash Redemp. (Table III-B) 170 296,747 1,411,820 Social Security Benefits (EFT) 10 40,512 159,788 Temporary Assistance for Needy Families (HHS) 57 1,119 5,686 Unemployment Insurance Benefits 195 3,351 11,397 Veterans Affairs programs 131 1,890 8,360 Other Withdrawals: IRS Tax Refunds Individual (EFT) 75 6,132 9,029 Thrift Savings Plan Transfer 283 874 7,341 Transportation Security Admin. (DHS) 33 136 714 Unclassified 1,094 18,842 91,624 Total, Other Withdrawals 1,485 43,668 208,885 Transfers to Depositaries 5,955 101,057 437,317 Total Federal Reserve Account 14,032 621,534 2,838,472 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,165 219,812 1,000,428 Total Withdrawals (excluding transfers) 8,077 520,477 2,401,155 Net Change in Operating Cash Balance 6,389 -12,806 -31,068 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday January 28, 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 -3 237,313 1,144,598 Cash Management Series 0 0 53,000 Notes 0 10,416 211,117 Bonds 0 0 7,567 Inflation-Protected Securities Increment 265 2,445 4,059 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 283 1,274 Interest Increment 0 632 2,397 Government Account Series 144,335 2,559,482 11,556,404 Domestic Series 0 269 516 Foreign Series 0 2,900 2,900 State and Local Series 23 2,045 22,249 Other 80 1,825 7,128 Total Issues 144,717 2,817,609 13,013,208 (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 21,800 178,898 Bonds 0 1 10,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 71 1,591 5,021 Government Account Series 143,876 2,546,848 11,406,275 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 13 9,229 32,707 Other 86 2,054 7,835 Total Redemptions 144,046 2,843,594 12,817,674 Net Change in Public Debt Outstanding 671 -25,985 195,534 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday January 28, 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) 144,717 2,817,609 13,013,208 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 2,183 11,475 Bonds and Notes (-) 0 29 400 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 144,335 2,559,482 11,555,983 Interest Increment on United States Savings Securities (-) 0 632 2,397 Inflation-Protected Securities Increment 265 2,445 3,856 Total Public Debt Cash Issues Deposited in Federal Reserve Account 117 252,839 1,439,707 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,046 2,843,594 12,817,674 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 (-) 143,876 2,546,848 11,405,854 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 170 296,747 1,411,820 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday January 28, 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 $ 5,102,308 $ 5,102,239 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,100,879 4,100,278 4,092,870 3,958,348 Total Public Debt Outstanding 9,203,188 9,202,517 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,644 68,952 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 9,120,096 9,119,118 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 Monday January 28, 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 $ 12,830 $ 148,004 $ 602,905 Individual Income Taxes 23 2,063 3,034 Railroad Retirement Taxes 59 335 1,480 Excise Taxes 96 2,948 18,340 Corporation Income Taxes 31 9,530 113,238 Federal Unemployment Taxes 27 250 1,120 Estate and Gift Taxes & Misc IRS Rcpts. 1 96 241 Change in Balance of Unclassified Taxes -60 -638 249 Total 13,007 162,587 740,608 These Receipts were deposited in: Federal Reserve Account: Directly 104 2,009 11,586 Collector Depositaries 2,029 38,885 176,074 Tax and Loan Accounts 10,398 117,606 533,119 Inter-agency Transfers 476 4,088 19,829 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 4 $ 46 $ 3,061 $ 33,518 Deposits: Taxes Received (Table IV) 3 42 10,352 10,398 Transfers to Depositaries 0 11 679 690 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,265 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 144 144 Depositary Initiated 0 5 8,865 8,870 Special Direct Investment 0 0 0 1,151 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 7 95 5,084 39,706 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday January 28, 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 $ 85 $ 6,537 $ 21,997 Business 54 3,828 21,883 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.