1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday January 29, 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 $ 5,053 $ 4,463 $ 16,120 $ 5,539 Tax and Loan Note Accounts (Table V) 36,781 39,706 40,855 69,698 Total Operating Balance 41,834 44,169 56,975 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday January 29, 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) 16 493 1,909 Commodity Credit Corporation programs 54 1,194 3,575 Customs and Certain Excise Taxes 143 2,672 11,529 Deposits by States: Supplemental Security Income 1 6 1,198 Unemployment 108 703 5,582 Education Department programs 49 1,033 4,752 Energy Department programs 21 453 2,034 Estate and Gift Taxes 126 2,179 9,162 Federal Reserve Earnings 0 3,320 11,039 Foreign Deposits, Military Sales 8 1,500 5,171 FTD's Received (Table IV) 1,410 42,304 189,070 Housing and Urban Development programs 17 373 1,769 Individual Income and Employment Taxes, Not Withheld 578 70,774 99,522 Interest recd from T&L Depositaries 5 73 329 Justice Department programs 31 225 1,233 Postal Service 480 8,172 35,004 Public Debt Cash Issues (Table III-B) 122 252,961 1,439,829 Other Deposits: Air Transport Security Fees 1 15 603 Thrift Savings Plan Transfer 117 4,049 8,458 Total Other Deposits 118 4,916 17,430 Change in Balance of Uncollected Funds (closing balance $ 195) -154 -152 -36 Transfers from Depositaries 16,658 236,470 1,017,086 Total Federal Reserve Account 19,792 629,668 2,857,187 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,018 120,623 536,137 Transfers from Federal Reserve Account (Table V) 10,716 111,773 448,033 Total Tax and Loan Note Accounts (Table V) 13,733 232,396 984,169 Total Deposits (excluding transfers) 6,151 513,821 2,376,238 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday January 29, 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 3,095 17,302 Defense Vendor Payments (EFT) 1,774 25,706 110,273 Education Department programs 670 10,987 31,658 Energy Department programs 70 1,860 9,156 Federal Employees Insurance Payments 263 4,461 18,565 Fed. Highway Administration programs 134 1,933 11,229 Federal Salaries (EFT) 448 12,803 52,033 Food and Nutrition Service (misc) 52 2,958 12,630 Food Stamps 39 1,799 6,932 GSA programs 19 1,436 5,259 Health and Human Services Grants (misc) 344 5,488 24,850 Housing and Urban Development programs 113 4,443 18,633 Interest on Treasury Securities 3 7,459 50,279 Justice Department programs 58 851 4,236 Labor Dept. prgms (excl. unemployment) 55 924 4,141 Medicaid 618 14,772 64,437 Medicare 1,534 33,848 139,014 NASA programs 14 1,057 4,777 Postal Service Money Orders and Other 202 3,809 16,314 Public Debt Cash Redemp. (Table III-B) 135 296,882 1,411,955 Social Security Benefits (EFT) 9 40,521 159,797 Temporary Assistance for Needy Families (HHS) 85 1,205 5,771 Unemployment Insurance Benefits 201 3,552 11,598 Veterans Affairs programs 114 2,004 8,474 Other Withdrawals: IRS Tax Refunds Individual (EFT) 370 6,491 9,387 Transportation Security Admin. (DHS) 9 145 723 USDA: Forest Service 84 226 1,124 Unclassified 979 19,821 92,603 Total, Other Withdrawals 1,442 45,110 210,327 Transfers to Depositaries 10,716 111,773 448,033 Total Federal Reserve Account 19,201 640,735 2,857,673 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,658 236,470 1,017,086 Total Withdrawals (excluding transfers) 8,485 528,962 2,409,641 Net Change in Operating Cash Balance -2,335 -15,141 -33,403 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday January 29, 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 0 237,313 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 88 2,532 4,146 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 291 1,282 Interest Increment 0 632 2,397 Government Account Series 147,137 2,706,619 11,703,540 Domestic Series 0 269 516 Foreign Series 0 2,900 2,900 State and Local Series 41 2,086 22,289 Other 73 1,898 7,201 Total Issues 147,347 2,964,956 13,160,555 (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 62 1,653 5,082 Government Account Series 142,623 2,689,471 11,548,899 Domestic Series 0 269 516 Foreign Series 0 0 0 State and Local Series 0 9,229 32,707 Other 73 2,127 7,908 Total Redemptions 142,759 2,986,353 12,960,433 Net Change in Public Debt Outstanding 4,588 -21,397 200,122 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday January 29, 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) 147,347 2,964,956 13,160,555 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 (-) 147,137 2,706,619 11,703,119 Interest Increment on United States Savings Securities (-) 0 632 2,397 Inflation-Protected Securities Increment 88 2,532 3,944 Total Public Debt Cash Issues Deposited in Federal Reserve Account 122 252,961 1,439,829 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 142,759 2,986,353 12,960,433 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 (-) 142,623 2,689,471 11,548,478 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 135 296,882 1,411,955 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday January 29, 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 $ 5,102,676 $ 5,102,308 $ 5,136,303 $ 5,049,306 Intragovernmental Holdings 4,105,099 4,100,879 4,092,870 3,958,348 Total Public Debt Outstanding 9,207,776 9,203,188 9,229,173 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,542 68,644 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 9,124,786 9,120,096 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 Tuesday January 29, 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 $ 3,182 $ 151,186 $ 606,087 Individual Income Taxes 10 2,072 3,044 Railroad Retirement Taxes 8 343 1,488 Excise Taxes 1,801 4,750 20,141 Corporation Income Taxes 219 9,749 113,457 Federal Unemployment Taxes 50 300 1,170 Estate and Gift Taxes & Misc IRS Rcpts. 1 98 242 Change in Balance of Unclassified Taxes -182 -820 68 Total 5,089 167,676 745,697 These Receipts were deposited in: Federal Reserve Account: Directly 610 2,619 12,196 Collector Depositaries 800 39,685 176,874 Tax and Loan Accounts 3,018 120,623 536,137 Inter-agency Transfers 661 4,749 20,490 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 7 $ 95 $ 5,084 $ 39,706 Deposits: Taxes Received (Table IV) 3 30 2,985 3,018 Transfers to Depositaries 0 0 16 16 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,700 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 2,715 2,715 Depositary Initiated 0 6 1,937 1,943 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 12,000 Repo Investment 0 0 0 0 Closing Balance Today 9 119 3,432 36,781 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday January 29, 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 $ 395 $ 6,921 $ 22,381 Business 515 4,343 22,398 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.