DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Tuesday, January 13, 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 $ 5,528 $ 5,154 $ 5,444 $ 7,692 Tax and Loan Note Accounts (Table V) 13,475 11,711 26,441 35,930 Total Operating Balance 19,002 16,864 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) $ 339 $ 65,742 $ 613,118 Agriculture Loan Repayments (Misc) 1/ 26 146 1,050 Commodity Credit Corporation 25 422 1,930 Customs and Certain Excise Taxes 89 662 6,541 Deposits by States: Unemployment 12 84 3,727 Supplemental Security Income - 258 1,043 Energy Department 10 89 1,691 Estate and Gift Taxes 99 633 5,904 Federal Reserve Earnings - 676 6,777 Foreign Deposits, Military Sales 8 608 4,311 Housing and Urban Development (HUD) 26 328 2,256 Individual Income and Employment Taxes, Not Withheld 2,891 9,105 23,321 Postal Service 447 2,946 25,441 Taxes Received (Table IV) 602 13,984 124,492 Other Deposits: - - - Total Other Deposits - 62 1,096 Change in Balance of Uncollected Funds (closing balance $118) +33 +211 -15 Transfers from Depositaries 413 52,155 390,171 Total Federal Reserve Account 5,018 148,112 1,212,852 Tax and Loan Note Accounts: Taxes Received (Table IV) 1,051 34,064 275,666 Transfers from Federal Reserve Banks 1,126 5,125 92,051 Total Tax and Loan Note Accounts (Table V) 2,177 39,189 367,717 Total Deposits (net of transfers) 5,657 130,020 1,098,347 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, January 13, 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) $ 88 $ 70,923 $ 598,601 Commodity Credit Corporation 57 1,107 8,621 Defense Vendor Payements (EFT) 350 2,096 24,922 Education Department 243 2,224 12,675 Energy Department 26 456 5,413 Family Support Payments (HHS) 27 63 527 Federal Employees Insurance Payments 40 796 6,527 Federal Highway Administration 39 408 5,606 Federal Salaries (EFT) 322 2,857 26,025 Food & Nutrition Service (misc) 40 383 3,976 Food Stamps 85 640 5,386 Health and Human Services Grants (misc) 137 1,222 10,220 Housing and Urban Development (HUD) 92 2,008 11,670 Interest on Public Debt 4 1,061 48,486 Labor Department 25 321 2,787 Medicare 522 5,767 61,099 Medicaid 402 3,403 28,645 Natl Aeronautics & Space Adm. (NASA) 27 293 3,671 Postal Service Money Orders and Other 232 1,857 14,243 Temporary Assistance for Needy Families 28 356 3,661 Unemployment Insurance Benefits 123 814 5,191 Other Withdrawals: - - - FSLIC Resolution Fund (net) -62 - - IRS Tax Refunds (EFT) 60 - - Thrift Savings Plan Transfer 58 - - Unclassified 554 16,171 102,325 Total, Other Withdrawals 610 43,848 235,021 Transfers to Depositaries 1,126 5,125 92,051 Total Federal Reserve Account 4,645 148,030 1,215,022 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 413 52,155 390,171 Total Withdrawals (net of transfers) 3,519 142,905 1,122,971 Net Change in Operating Cash Balance +2,138 -12,882 -24,619 DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Tuesday, January 13, 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 $ -1 $ 63,436 $ 403,827 Cash Management Series - - 56,349 Notes - -* 123,584 Bonds - - 11,184 Inflation-Indexed Securities Increment -1 -5 236 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 27 282 1,838 Interest Increment - - 2,257 Government Account Series 52,450 414,106 3,567,853 Domestic Series - - - Foreign Series - - 1,700 State and Local Series 312 3,837 25,248 Other - - 75 Total Issues 52,788 481,656 4,194,151 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 85 850 4,330 Government Account Series 47,571 426,371 3,521,946 Domestic Series - - - Foreign Series - 100 550 State and Local Series 3 3,673 12,865 Other * * 2 Total Redemptions 47,659 497,294 4,120,547 Net Change in Public Debt Outstanding +5,128 -15,638 +73,604 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Tuesday, January 13, 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) $ 52,788 $ 481,656 $ 4,194,151 Premium on New Issues - - 188 Discount in New Issues: Bills (-) -* 1,813 10,624 Bonds and Notes (-) - - 276 Government Account Transaction (-) 52,450 414,106 3,567,853 Interest Increment on Savings and Retirement Plan Series (-) - - 2,257 Inflation-Indexed Securities Increment -1 -5 211 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 339 65,742 613,118 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 47,659 497,294 4,120,547 Government Account Transactions (-) 47,571 426,371 3,521,946 Total Public Debt Cash Redemptions 88 70,923 598,601 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$ 5,486,750 $ 5,481,621 $ 5,502,388 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 535 535 535 536 Discount Adjustment 1/ 70,929 71,035 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 76 75 101 68 Total Subject to Limit 5,400,362 5,395,127 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 Tuesday, January 13, 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 $ 3,960 $ 46,338 $ 335,518 Individual Estimated Income Taxes 1 11 127 Railroad Retirement Taxes 1 96 1,126 Excise Taxes 43 1,243 16,373 Corporation Income Taxes 98 1,051 55,568 Federal Unemployment Taxes 11 54 1,012 Estate And Gift Taxes - * * Change in balance of Unclassified Taxes -2,366 +288 +1,786 Total 1,747 49,080 411,510 These Receipts were deposited in: Federal Reserve Account: Directly 185 4,986 49,629 Remittance Option Depositaries 417 8,999 74,863 Tax and Loan Note Accounts 1,051 34,064 275,666 Inter-agency Transfers 94 1,032 11,353 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 $ 24 $ 138 $ 11,548 $ 11,711 Investments: Credits 12 2/ -64 1,103 1,051 Transfers to Depositaries 1 4 1,120 1,126 Withdrawals: Treasury Initiated - - - - Depositary Initiated 1 2/ -111 523 413 Closing Balance Today 36 190 13,249 13,475 2/ Adjustment due to erroneous reporting on January 5, 1998 of $119 million. DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Tuesday, January 13, 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 $ * $ 145 $ 4,673 Business 184 1,068 8,109 * 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).