DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ» º TABLE I Operating Cash Balance º ÌÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ͹ º º º Opening balance º º º ÌÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍ͹ º º Closingº º º This º º Type of account º balanceº º This º fiscalº º º today º Todayº monthº year º ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Federal Reserve Account $ 5,232 $ 4,499 $ 5,127 $ 7,692 Tax and Loan Note Accounts (Table V) 414 5,682 14,651 35,930 Total Operating Balance 5,645 10,180 19,778 43,621 ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ Table II Deposits and Withdrawals of Operating Cash ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Deposits º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Federal Reserve Account: Public Debt Receipts (Table III-B) $ 39,810 $ 129,007 $ 472,447 Agriculture Loan Repayments (Misc) 1/ 13 150 686 Commodity Credit Corporation 14 204 1,086 Customs and Certain Excise Taxes 81 769 4,800 Deposits by States: Unemployment 11 125 3,349 Supplemental Security Income - 265 783 Energy Department 9 133 1,276 Estate and Gift Taxes 69 604 4,329 Federal Reserve Earnings - 405 5,239 Foreign Deposits, Military Sales 4 705 3,090 Housing and Urban Development (HUD) 26 350 1,630 Individual Income and Employment Taxes, Not Withheld 161 1,365 10,678 Postal Service 356 3,482 17,841 Taxes Received (Table IV) 787 10,764 72,357 Other Deposits: - - - Prepayments of Treasury Securities (net) -156 - - Total Other Deposits -156 149 620 Change in Balance of Uncollected Funds (closing balance $90) +211 +12 +13 Transfers from Depositaries 7,157 55,972 238,780 Total Federal Reserve Account 48,552 204,459 839,003 Tax and Loan Note Accounts: Taxes Received (Table IV) 1,889 23,535 158,190 Transfers from Federal Reserve Banks - 18,199 45,074 Total Tax and Loan Note Accounts (Table V) 1,889 41,734 203,264 Total Deposits (net of transfers) 43,285 172,022 758,414 1/ Includes Agriculture credit and Rural housing and business funds. DAILY TREASURY STATEMENT page 2 Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscalº º Withdrawals º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Federal Reserve Account: Public Debt Redemptions (Table III-B) $ 43,230 $ 98,328 $ 415,206 Commodity Credit Corporation 60 674 5,931 Defense Vendor Payements (EFT) 599 3,182 16,973 Education Department 308 1,231 8,088 Energy Department 58 607 3,896 Family Support Payments (HHS) 29 79 398 Federal Employees Insurance Payments 165 922 4,667 Federal Highway Administration 41 646 4,279 Federal Salaries (EFT) 41 1,832 16,881 Food & Nutrition Service (misc) 44 436 2,615 Food Stamps 80 631 3,660 Health and Human Services Grants (misc) 132 1,107 6,970 Housing and Urban Development (HUD) 80 1,986 8,347 Interest on Public Debt 3 6,782 40,946 Labor Department 39 335 1,967 Medicare 586 9,045 43,252 Medicaid 684 3,875 20,552 Natl Aeronautics & Space Adm. (NASA) 86 557 2,649 Postal Service Money Orders and Other 130 1,905 9,684 Temporary Assistance for Needy Families2/ 75 390 2,537 Unemployment Insurance Benefits 77 696 3,304 Other Withdrawals: - - - Thrift Savings Plan Transfer 85 - - Unclassified 1,184 17,400 75,411 Total, Other Withdrawals 1,270 50,912 173,592 Transfers to Depositaries - 18,199 45,074 Total Federal Reserve Account 47,819 204,354 841,466 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 7,157 55,972 238,780 Total Withdrawals (net of transfers) 47,819 186,155 796,392 Net Change in Operating Cash Balance -4,535 -14,133 -37,976 2/Formerlyincluded in HHS grants "miscellaneous)." DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE III-A Public Debt Transactions ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ (Stated at face value except for savings and retirement plan securities which are stated at current redemption value) ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Issues º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Marketable: Bills: Regular Series $ 40,688 $ 62,519 $ 297,289 Cash Management Series - 35,209 56,349 Notes * 29,172 94,785 Bonds - - 11,184 Inflation-Indexed Securities Increment 3 34 189 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 22 262 1,209 Interest Increment - - 1,550 Government Account Series 49,052 452,016 2,463,466 Domestic Series - - - Foreign Series - 1,700 1,700 State and Local Series 492 2,127 17,898 Other - - 1 Total Issues 90,257 583,039 2,945,620 ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Redemptions º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Marketable: Bills $ 43,177 $ 65,323 $ 304,236 Notes - 30,214 99,968 Bonds * * 3 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series 53 552 2,754 Government Account Series 48,912 474,735 2,470,963 Domestic Series - - - Foreign Series - - 450 State and Local Series * 2,238 7,793 Other * * 2 Total Redemptions 92,142 573,063 2,886,169 Net Change in Public Debt Outstanding -1,885 +9,975 +59,451 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Transactions º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Public Debt Cash Receipts: Public Debt Issues (Table III-A) $ 90,257 $ 583,039 $ 2,945,620 Premium on New Issues - * 188 Discount in New Issues: Bills (-) 1,393 1,948 7,957 Bonds and Notes (-) * 34 225 Government Account Transaction (-) 49,052 452,016 2,463,466 Interest Increment on Savings and Retirement Plan Series (-) - - 1,550 Inflation-Indexed Securities Increment 3 34 163 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 39,810 129,007 472,447 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 92,142 573,063 2,886,169 Government Account Transactions (-) 48,912 474,735 2,470,963 Total Public Debt Cash Redemptions 43,230 98,328 415,206 ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE III-C Debt Subject to Limit Opening balance ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º Closingº º This º Fiscal º º Classification balanceº Todayº month º year º º today º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Total Public Debt Outstanding$ 5,472,597 $ 5,474,482 $ 5,462,622 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 535 535 535 536 Discount Adjustment 1/ 71,867 70,002 70,606 70,054 Federal Financing Bank 15,000 15,000 15,000 15,000 Plus Other Obligations Subject to Limit: Guaranteed Debt of Federal Agencies 99 96 93 68 Total Subject to Limit 5,385,294 5,389,041 5,376,574 5,327,624 Statutory Limit 5,950,000 5,950,000 5,950,000 5,950,000 Act of August 5, 1997, permanently increased the statutory debt limit to $5,950.0 billion. 1/Represents the unamortized discount on Treasury bills and zero-coupon bonds (amortization is calculated daily). DAILY TREASURY STATEMENT page 5 Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE IV Federal Tax Deposits ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Classification º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Withheld Income and Employment Taxes $ 1,936 $ 34,394 $ 214,445 Individual Estimated Income Taxes * * 76 Railroad Retirement Taxes 15 84 822 Excise Taxes 31 1,283 11,374 Corporation Income Taxes 140 581 11,434 Federal Unemployment Taxes 2 30 870 Estate And Gift Taxes - * * Change in balance of Unclassied Taxes +649 -322 -375 Total 2,773 36,049 238,646 These Receipts were deposited in: Federal Reserve Account: Directly 308 3,773 27,941 Remittance Option Depositaries 479 6,990 44,415 Tax and Loan Note Accounts 1,889 23,535 158,190 Inter-agency Transfers 98 1,750 8,099 ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE V Tax and Loan Note Accounts by Depositary Category ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ» º º Classification º º ÌÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍ͹ º Type of account º º º º º º º A º B º C º Totalº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Opening Balance Today $ 142 $ 640 $ 4,899 $ 5,682 Investments: Credits 10 74 1,805 1,889 Transfers to Depositaries - - - - Withdrawals: Treasury Initiated 100 537 6,409 7,047 Depositary Initiated * 23 86 110 Closing Balance Today 51 155 208 414 DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Thursday, December 11, 1997 (Detail, rounded in millions, may not add to totals) ÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ TABLE VI Income Tax Refunds Issued ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍËÍÍÍÍÍÍÍÍÍÍÍ» º º º This º Fiscal º º Classification º Todayº month º year º º º º to dateº to dateº ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍÍÊÍÍÍÍÍÍÍÍÍÍͼ Individual $ 2 $ 46 $ 4,053 Business 17 610 5,958 * less than $500,000 This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in account at Federal Reserve banks and branches in Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Finance 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. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. Note: The Daily Treasury Statement is now available on the day following the Statement date on the Department of Commerce's Bulletin Board System. For more information about the system, please call 202-482-1986. Selected information is also available on two separate telephone recordings at 4:00 p.m. on the day following the statement date on 202-874-9850 (shorter version) and on 202-874-9040 (longer version).