DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ 10,724 $ 8,358 $ 5,127 $ 7,692 Tax and Loan Note Accounts (Table V) 9,167 32,182 14,651 35,930 Total Operating Balance 19,892 40,540 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) $ 322 $ 129,771 $ 473,211 Agriculture Loan Repayments (Misc) 1/ 25 205 741 Commodity Credit Corporation 19 272 1,155 Customs and Certain Excise Taxes 92 1,058 5,089 Deposits by States: Unemployment 9 174 3,398 Supplemental Security Income * 265 783 Energy Department 15 184 1,327 Estate and Gift Taxes 48 767 4,493 Federal Reserve Earnings - 405 5,239 Foreign Deposits, Military Sales 2 752 3,138 Housing and Urban Development (HUD) 24 425 1,706 Individual Income and Employment Taxes, Not Withheld 273 1,977 11,289 Postal Service 523 4,645 19,003 Taxes Received (Table IV) 4,751 29,899 91,492 Other Deposits: - - - Total Other Deposits - 204 675 Change in Balance of Uncollected Funds (closing balance $92) +27 +11 +12 Transfers from Depositaries 35,516 113,665 296,473 Total Federal Reserve Account 41,647 284,680 919,224 Tax and Loan Note Accounts: Taxes Received (Table IV) 12,502 66,884 201,539 Transfers from Federal Reserve Banks - 41,297 68,172 Total Tax and Loan Note Accounts (Table V) 12,502 108,181 269,711 Total Deposits (net of transfers) 18,633 237,898 824,290 1/ Includes Agriculture credit and Rural housing and business funds. DAILY TREASURY STATEMENT page 2 Cash and debt operations of the United States Treasury Tuesday, December 16, 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) $ 35,379 $ 134,258 $ 451,135 Commodity Credit Corporation 144 985 6,243 Defense Vendor Payements (EFT) 474 4,415 18,206 Education Department 212 1,743 8,600 Energy Department 59 799 4,089 Family Support Payments (HHS) -1 112 431 Federal Employees Insurance Payments 51 1,150 4,895 Federal Highway Administration 24 842 4,475 Federal Salaries (EFT) 283 4,383 19,432 Food & Nutrition Service (misc) 62 702 2,880 Food Stamps 103 961 3,990 Health and Human Services Grants (misc) 196 1,537 7,400 Housing and Urban Development (HUD) 93 2,353 8,713 Interest on Public Debt 6 6,922 41,086 Labor Department 25 445 2,076 Medicare 409 10,773 44,980 Medicaid 235 5,122 21,798 Natl Aeronautics & Space Adm. (NASA) 45 709 2,802 Postal Service Money Orders and Other 217 2,635 10,415 Temporary Assistance for Needy Families2/ 114 580 2,727 Unemployment Insurance Benefits 84 947 3,555 Other Withdrawals: - - - FSLIC Resloution Fund (RTC-net) -180 - - Rural Utilities Service -77 - - Unclassified 1,322 20,754 78,765 Total, Other Withdrawals 1,066 55,413 178,093 Transfers to Depositaries - 41,297 68,172 Total Federal Reserve Account 39,281 279,082 916,195 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 35,516 113,665 296,473 Total Withdrawals (net of transfers) 39,281 237,785 848,022 Net Change in Operating Cash Balance -20,648 +113 -23,730 2/Formerlyincluded in HHS grants "miscellaneous)." DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ -1 $ 62,518 $ 297,288 Cash Management Series - 35,209 56,349 Notes - 29,171 94,785 Bonds - - 11,184 Inflation-Indexed Securities Increment 3 48 202 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 26 336 1,283 Interest Increment - -5 1,545 Government Account Series 49,704 598,184 2,609,633 Domestic Series - - - Foreign Series - 1,700 1,700 State and Local Series 292 2,745 18,516 Other 4 74 75 Total Issues 50,029 729,979 3,092,560 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 $ 35,209 $ 100,533 $ 339,445 Notes * 30,214 99,968 Bonds * 1 3 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series 56 707 2,909 Government Account Series 46,997 616,027 2,612,255 Domestic Series - - - Foreign Series - - 450 State and Local Series 114 2,802 8,357 Other * * 2 Total Redemptions 82,376 750,284 3,063,390 Net Change in Public Debt Outstanding -32,347 -20,306 +29,170 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Tuesday, December 16, 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) $ 50,029 $ 729,979 $ 3,092,560 Premium on New Issues - -* 188 Discount in New Issues: Bills (-) -* 1,948 7,957 Bonds and Notes (-) - 34 225 Government Account Transaction (-) 49,704 598,184 2,609,633 Interest Increment on Savings and Retirement Plan Series (-) - -5 1,545 Inflation-Indexed Securities Increment 3 48 177 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 322 129,771 473,211 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 82,376 750,284 3,063,390 Government Account Transactions (-) 46,997 616,027 2,612,255 Total Public Debt Cash Redemptions 35,379 134,258 451,135 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$ 5,442,316 $ 5,474,663 $ 5,462,622 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 535 535 535 536 Discount Adjustment 1/ 71,308 71,420 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 101 100 93 68 Total Subject to Limit 5,355,574 5,387,808 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 Tuesday, December 16, 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 $ 6,381 $ 52,805 $ 232,857 Individual Estimated Income Taxes 15 16 92 Railroad Retirement Taxes 27 155 893 Excise Taxes 50 2,525 12,616 Corporation Income Taxes 778 32,390 43,243 Federal Unemployment Taxes 4 42 882 Estate And Gift Taxes - * * Change in balance of Unclassified Taxes +10,242 +11,104 +11,051 Total 17,496 99,038 301,635 These Receipts were deposited in: Federal Reserve Account: Directly 982 13,645 37,813 Remittance Option Depositaries 3,769 16,254 53,679 Tax and Loan Note Accounts 12,502 66,884 201,539 Inter-agency Transfers 244 2,255 8,604 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 $ 140 $ 611 $ 31,431 $ 32,182 Investments: Credits 63 480 11,958 12,502 Transfers to Depositaries - - - - Withdrawals: Treasury Initiated - - 31,918 31,918 Depositary Initiated 21 289 3,288 3,598 Closing Balance Today 182 802 8,183 9,167 DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ 5 $ 188 $ 4,195 Business 210 917 6,265 * 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).