DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Monday, January 12, 1998 (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 $ 5,154 $ 5,449 $ 5,444 $ 7,692 Tax and Loan Note Accounts (Table V) 11,711 7,985 26,441 35,930 Total Operating Balance 16,864 13,435 31,885 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) $ 37 $ 65,403 $ 612,779 Agriculture Loan Repayments (Misc) 1/ 10 120 1,024 Commodity Credit Corporation 29 397 1,905 Customs and Certain Excise Taxes 79 573 6,452 Deposits by States: Unemployment 12 72 3,716 Supplemental Security Income * 258 1,043 Energy Department 3 79 1,681 Estate and Gift Taxes 85 534 5,805 Federal Reserve Earnings - 676 6,777 Foreign Deposits, Military Sales 3 601 4,303 Housing and Urban Development (HUD) 59 302 2,230 Individual Income and Employment Taxes, Not Withheld 1,281 6,214 20,430 Postal Service 299 2,498 24,994 Taxes Received (Table IV) 1,865 13,382 123,890 Other Deposits: - - - Prepayment of Treasury Securities (net) 62 - - Total Other Deposits 62 62 1,096 Change in Balance of Uncollected Funds (closing balance $151) -3 +178 -48 Transfers from Depositaries 2,996 51,742 389,759 Total Federal Reserve Account 6,817 143,093 1,207,834 Tax and Loan Note Accounts: Taxes Received (Table IV) 4,926 33,013 274,615 Transfers from Federal Reserve Banks 1,796 3,999 90,925 Total Tax and Loan Note Accounts (Table V) 6,722 37,012 365,540 Total Deposits (net of transfers) 8,747 124,364 1,092,690 1/ Includes Agriculture credit and Rural housing and business funds. DAILY TREASURY STATEMENT page 2 Cash and debt operations of the United States Treasury Monday, January 12, 1998 (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) $ 114 $ 70,835 $ 598,512 Commodity Credit Corporation 96 1,050 8,563 Defense Vendor Payements (EFT) 293 1,746 24,573 Education Department 241 1,981 12,432 Energy Department 48 431 5,387 Family Support Payments (HHS) 14 36 500 Federal Employees Insurance Payments 86 755 6,486 Federal Highway Administration 47 369 5,567 Federal Salaries (EFT) 559 2,535 25,703 Food & Nutrition Service (misc) 65 344 3,937 Food Stamps 141 555 5,301 Health and Human Services Grants (misc) 196 1,085 10,083 Housing and Urban Development (HUD) 102 1,917 11,578 Interest on Public Debt 6 1,057 48,482 Labor Department 33 296 2,762 Medicare 759 5,245 60,577 Medicaid 336 3,001 28,244 Natl Aeronautics & Space Adm. (NASA) 50 267 3,644 Postal Service Money Orders and Other 383 1,625 14,011 Temporary Assistance for Needy Families 61 328 3,632 Unemployment Insurance Benefits 127 691 5,068 Other Withdrawals: - - - HHS: Indian Health Service 105 - - IRS Tax Refunds (EFT) 116 - - Unclassified 1,339 15,617 101,771 Total, Other Withdrawals 1,560 43,238 234,411 Transfers to Depositaries 1,796 3,999 90,925 Total Federal Reserve Account 7,113 143,385 1,210,377 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 2,996 51,742 389,759 Total Withdrawals (net of transfers) 5,317 139,386 1,119,452 Net Change in Operating Cash Balance +3,430 -15,020 -26,757 DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Monday, January 12, 1998 (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 $ * $ 63,437 $ 403,828 Cash Management Series - - 56,349 Notes * -* 123,584 Bonds - - 11,184 Inflation-Indexed Securities Increment -2 -5 237 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 28 255 1,811 Interest Increment - - 2,257 Government Account Series 49,030 361,656 3,515,403 Domestic Series - - - Foreign Series - - 1,700 State and Local Series 8 3,525 24,935 Other - - 75 Total Issues 49,064 428,868 4,141,363 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 $ - $ 66,300 $ 449,553 Notes * * 131,296 Bonds * * 4 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series 93 765 4,245 Government Account Series 47,368 378,800 3,474,375 Domestic Series - - - Foreign Series - 100 550 State and Local Series 21 3,670 12,862 Other * * 2 Total Redemptions 47,482 449,635 4,072,887 Net Change in Public Debt Outstanding +1,582 -20,767 +68,475 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Monday, January 12, 1998 (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) $ 49,064 $ 428,868 $ 4,141,363 Premium on New Issues - - 188 Discount in New Issues: Bills (-) * 1,813 10,624 Bonds and Notes (-) * * 276 Government Account Transaction (-) 49,030 361,656 3,515,403 Interest Increment on Savings and Retirement Plan Series (-) - - 2,257 Inflation-Indexed Securities Increment -2 -5 212 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 37 65,403 612,779 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 47,482 449,635 4,072,887 Government Account Transactions (-) 47,368 378,800 3,474,375 Total Public Debt Cash Redemptions 114 70,835 598,512 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$ 5,481,621 $ 5,480,039 $ 5,502,388 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 535 535 535 536 Discount Adjustment 1/ 71,035 71,353 70,496 70,054 Federal Financing Bank 15,000 15,000 15,000 15,000 Plus Other Obligations Subject to Limit: Guaranteed Debt of Federal Agencies 75 75 101 68 Total Subject to Limit 5,395,127 5,393,226 5,416,458 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 Monday, January 12, 1998 (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 $ 9,356 $ 42,378 $ 331,558 Individual Estimated Income Taxes 2 10 126 Railroad Retirement Taxes 32 95 1,125 Excise Taxes 430 1,200 16,330 Corporation Income Taxes 116 953 55,470 Federal Unemployment Taxes 14 43 1,001 Estate And Gift Taxes - * * Change in balance of Unclassified Taxes -3,069 +2,654 +4,152 Total 6,882 47,333 409,763 These Receipts were deposited in: Federal Reserve Account: Directly 1,087 4,801 49,444 Remittance Option Depositaries 778 8,581 74,446 Tax and Loan Note Accounts 4,926 33,013 274,615 Inter-agency Transfers 92 938 11,258 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 $ 12 $ 69 $ 7,904 $ 7,985 Investments: Credits 10 75 4,841 4,926 Transfers to Depositaries 2 7 1,787 1,796 Withdrawals: Treasury Initiated - - - - Depositary Initiated * 13 2,983 2,996 Closing Balance Today 24 138 11,548 11,711 DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Monday, January 12, 1998 (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 $ 1 $ 145 $ 4,673 Business 173 884 7,924 * 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).