DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Wednesday, January 21, 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 $ 15,430 $ 6,110 $ 5,444 $ 7,692 Tax and Loan Note Accounts (Table V) 42,708 41,326 26,441 35,930 Total Operating Balance 58,138 47,436 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) $ 457 $ 98,246 $ 645,622 Agriculture Loan Repayments (Misc) 1/ 23 215 1,119 Commodity Credit Corporation 31 573 2,081 Customs and Certain Excise Taxes 103 1,125 7,005 Deposits by States: Unemployment 34 181 3,824 Supplemental Security Income - 259 1,043 Energy Department 19 186 1,788 Estate and Gift Taxes 86 1,131 6,401 Federal Reserve Earnings 481 1,645 7,746 Foreign Deposits, Military Sales 3 933 4,635 Housing and Urban Development (HUD) 28 535 2,463 Individual Income and Employment Taxes, Not Withheld 10,801 37,490 51,706 Postal Service 543 4,731 27,226 Taxes Received (Table IV) 1,172 24,800 135,308 Other Deposits: - - - Total Other Deposits - -8 1,026 Change in Balance of Uncollected Funds (closing balance $163) -4 +167 -60 Transfers from Depositaries 1,996 75,932 413,948 Total Federal Reserve Account 15,773 248,140 1,312,881 Tax and Loan Note Accounts: Taxes Received (Table IV) 1,839 57,045 298,647 Transfers from Federal Reserve Banks 1,539 35,154 122,080 Total Tax and Loan Note Accounts (Table V) 3,378 92,200 420,727 Total Deposits (net of transfers) 15,617 229,253 1,197,580 1/ Includes Agriculture credit and Rural housing and business funds. DAILY TREASURY STATEMENT page 2 Cash and debt operations of the United States Treasury Wednesday, January 21, 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) $ 82 $ 104,266 $ 631,943 Commodity Credit Corporation 347 2,481 9,994 Defense Vendor Payements (EFT) 304 3,714 26,541 Education Department 340 3,906 14,356 Energy Department 50 811 5,767 Family Support Payments (HHS) 4 94 558 Federal Employees Insurance Payments 78 1,112 6,843 Federal Highway Administration 47 705 5,903 Federal Salaries (EFT) 101 3,536 26,704 Food & Nutrition Service (misc) 59 702 4,295 Food Stamps 98 1,150 5,896 Health and Human Services Grants (misc) 144 2,059 11,057 Housing and Urban Development (HUD) 124 2,663 12,324 Interest on Public Debt 6 4,253 51,677 Labor Department 31 525 2,990 Medicare 1,117 9,365 64,697 Medicaid 341 5,816 31,059 Natl Aeronautics & Space Adm. (NASA) 66 536 3,914 Postal Service Money Orders and Other 179 2,803 15,189 Temporary Assistance for Needy Families 11 506 3,811 Unemployment Insurance Benefits 122 1,351 5,727 Other Withdrawals: - - - Social Security Benefits (EFT) 142 - - Thrift Savings Plan Transfer 138 - - Unclassified 985 20,566 106,720 Total, Other Withdrawals 1,265 50,651 241,824 Transfers to Depositaries 1,539 35,154 122,080 Total Federal Reserve Account 6,454 238,157 1,305,148 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 1,996 75,932 413,948 Total Withdrawals (net of transfers) 4,915 203,002 1,183,068 Net Change in Operating Cash Balance +10,702 +26,254 +14,517 DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Wednesday, January 21, 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 $ -* $ 86,503 $ 426,894 Cash Management Series - - 56,349 Notes -* 8,410 131,994 Bonds - - 11,184 Inflation-Indexed Securities Increment -1 -10 231 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 17 405 1,961 Interest Increment - - 2,257 Government Account Series 53,110 667,987 3,821,734 Domestic Series - 4 4 Foreign Series - 100 1,800 State and Local Series 441 5,147 26,558 Other - - 75 Total Issues 53,566 768,546 4,481,040 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 $ - $ 89,719 $ 472,973 Notes * 9,126 140,422 Bonds * * 4 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series 82 1,222 4,701 Government Account Series 47,490 665,147 3,760,722 Domestic Series - 4 4 Foreign Series - 200 650 State and Local Series - 3,994 13,187 Other * * 2 Total Redemptions 47,572 769,413 4,392,666 Net Change in Public Debt Outstanding +5,995 -868 +88,374 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Wednesday, January 21, 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) $ 53,566 $ 768,546 $ 4,481,040 Premium on New Issues - - 188 Discount in New Issues: Bills (-) -* 2,250 11,061 Bonds and Notes (-) -* 73 349 Government Account Transaction (-) 53,110 667,987 3,821,734 Interest Increment on Savings and Retirement Plan Series (-) - - 2,257 Inflation-Indexed Securities Increment -1 -10 206 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 457 98,246 645,622 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 47,572 769,413 4,392,666 Government Account Transactions (-) 47,490 665,147 3,760,722 Total Public Debt Cash Redemptions 82 104,266 631,943 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$ 5,501,520 $ 5,495,526 $ 5,502,388 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 535 535 535 536 Discount Adjustment 1/ 71,189 71,298 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 77 77 101 68 Total Subject to Limit 5,414,873 5,408,770 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 Wednesday, January 21, 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 $ 3,503 $ 71,744 $ 360,924 Individual Estimated Income Taxes 41 117 234 Railroad Retirement Taxes 39 252 1,282 Excise Taxes 38 2,505 17,635 Corporation Income Taxes 149 5,561 60,078 Federal Unemployment Taxes 19 125 1,083 Estate And Gift Taxes - * * Change in balance of Unclassified Taxes -654 +3,164 +4,662 Total 3,135 83,468 445,898 These Receipts were deposited in: Federal Reserve Account: Directly 346 9,232 53,875 Remittance Option Depositaries 826 15,568 81,433 Tax and Loan Note Accounts 1,839 57,045 298,647 Inter-agency Transfers 124 1,622 11,943 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 $ 180 $ 836 $ 40,310 $ 41,326 Investments: Credits 18 117 1,704 1,839 Transfers to Depositaries 1 13 1,525 1,539 Withdrawals: Treasury Initiated - - - - Depositary Initiated 7 61 1,928 1,996 Closing Balance Today 192 905 41,611 42,708 DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Wednesday, January 21, 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 $ 182 $ 4,710 Business 10 1,688 8,729 * 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).