DAILY TREASURY STATEMENT Cash and debt operations of the United States Treasury Thursday, January 29, 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 $ 5,760 $ 6,846 $ 5,444 $ 7,692 Tax and Loan Note Accounts (Table V) 40,816 40,572 26,441 35,930 Total Operating Balance 46,576 47,417 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) $ 22,140 $ 142,777 $ 690,153 Agriculture Loan Repayments (Misc) 1/ 12 282 1,186 Commodity Credit Corporation 28 863 2,371 Customs and Certain Excise Taxes 106 1,667 7,546 Deposits by States: Unemployment 71 534 4,177 Supplemental Security Income * 259 1,043 Energy Department 19 362 1,965 Estate and Gift Taxes 63 1,610 6,881 Federal Reserve Earnings - 2,128 8,229 Foreign Deposits, Military Sales * 965 4,667 Housing and Urban Development (HUD) 18 657 2,585 Individual Income and Employment Taxes, Not Withheld 196 44,559 58,775 Postal Service 309 6,807 29,302 Taxes Received (Table IV) 1,204 33,053 143,561 Other Deposits: - - - Prepayment of Treasury Securities (net) -73 - - Total Other Deposits -73 13 1,047 Change in Balance of Uncollected Funds (closing balance $343) -212 -13 -240 Transfers from Depositaries 1,545 101,219 439,235 Total Federal Reserve Account 25,427 337,743 1,402,484 Tax and Loan Note Accounts: Taxes Received (Table IV) 1,789 73,684 315,285 Transfers from Federal Reserve Banks - 41,911 128,837 Total Tax and Loan Note Accounts (Table V) 1,789 115,595 444,122 Total Deposits (net of transfers) 25,672 310,208 1,278,534 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, January 29, 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) $ 22,815 $ 171,012 $ 698,689 Commodity Credit Corporation 70 3,327 10,841 Defense Vendor Payements (EFT) 390 6,009 28,836 Education Department 235 5,513 15,963 Energy Department 77 1,207 6,163 Family Support Payments (HHS) 18 125 588 Federal Employees Insurance Payments 44 1,640 7,371 Federal Highway Administration 58 1,056 6,253 Federal Salaries (EFT) 415 6,534 29,702 Food & Nutrition Service (misc) 93 1,094 4,687 Food Stamps 62 1,622 6,368 Health and Human Services Grants (misc) 170 3,027 12,025 Housing and Urban Development (HUD) 129 3,260 12,922 Interest on Public Debt 5 4,284 51,709 Labor Department 34 755 3,221 Medicare 705 13,988 69,320 Medicaid 584 8,095 33,337 Natl Aeronautics & Space Adm. (NASA) 10 758 4,136 Postal Service Money Orders and Other 175 4,030 16,416 Temporary Assistance for Needy Families 19 921 4,225 Unemployment Insurance Benefits 89 1,979 6,356 Other Withdrawals: - - - Pension Benefit Guaranty Corp. -200 - - Unclassified 515 24,555 110,709 Total, Other Withdrawals 315 55,280 246,453 Transfers to Depositaries - 41,911 128,837 Total Federal Reserve Account 26,513 337,426 1,404,417 Tax and Loan Note Accounts: Transfers to Federal Reserve Banks (Table V) 1,545 101,219 439,235 Total Withdrawals (net of transfers) 26,513 295,515 1,275,580 Net Change in Operating Cash Balance -841 +14,692 +2,955 DAILY TREASURY STATEMENT page 3 Cash and debt operations of the United States Treasury Thursday, January 29, 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 $ 21,142 $ 129,443 $ 469,833 Cash Management Series - - 56,349 Notes - 8,410 131,995 Bonds - - 11,184 Inflation-Indexed Securities Increment -1 -16 226 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series: Cash Issue Price 30 566 2,122 Interest Increment - 844 3,101 Government Account Series 50,677 971,357 4,125,104 Domestic Series - 4 4 Foreign Series - 100 1,800 State and Local Series 1,369 7,391 28,801 Other - - 75 Total Issues 73,217 1,118,100 4,830,595 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 $ 22,757 $ 155,991 $ 539,245 Notes - 9,126 140,422 Bonds * 1 5 Federal Financing Bank - - - Nonmarketable: Savings and Retirement Plan Series 55 1,623 5,102 Government Account Series 48,926 955,445 4,051,020 Domestic Series - 4 4 Foreign Series - 200 650 State and Local Series 3 4,067 13,259 Other * * 3 Total Redemptions 71,741 1,126,456 4,749,709 Net Change in Public Debt Outstanding +1,476 -8,357 +80,885 DAILY TREASURY STATEMENT page 4 Cash and debt operations of the United States Treasury Thursday, January 29, 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) $ 73,217 $ 1,118,100 $ 4,830,595 Premium on New Issues - - 188 Discount in New Issues: Bills (-) 401 3,064 11,875 Bonds and Notes (-) - 73 349 Government Account Transaction (-) 50,677 971,357 4,125,104 Interest Increment on Savings and Retirement Plan Series (-) - 844 3,101 Inflation-Indexed Securities Increment -1 -16 200 Total Public Debt Cash Receipts Deposited in Federal Reserve Account 22,140 142,777 690,153 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 71,741 1,126,456 4,749,709 Government Account Transactions (-) 48,926 955,445 4,051,020 Total Public Debt Cash Redemptions 22,815 171,012 698,689 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$ 5,494,031 $ 5,492,555 $ 5,502,388 $ 5,413,146 Less Public Debt Not Subject to Limit: Miscellaneous Debt 534 534 535 536 Discount Adjustment 1/ 71,179 70,880 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 76 101 68 Total Subject to Limit 5,407,394 5,406,217 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 Thursday, January 29, 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 $ 1,952 $ 99,110 $ 388,290 Individual Estimated Income Taxes 14 616 732 Railroad Retirement Taxes 15 320 1,350 Excise Taxes 1,015 4,494 19,624 Corporation Income Taxes 34 6,957 61,474 Federal Unemployment Taxes 24 264 1,222 Estate And Gift Taxes - * * Change in balance of Unclassified Taxes +283 -2,504 -1,006 Total 3,336 109,256 471,686 These Receipts were deposited in: Federal Reserve Account: Directly 802 12,768 57,411 Remittance Option Depositaries 402 20,286 86,150 Tax and Loan Note Accounts 1,789 73,684 315,285 Inter-agency Transfers 343 2,519 12,840 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 $ 224 $ 1,026 $ 39,322 $ 40,572 Investments: Credits 6 46 1,737 1,789 Transfers to Depositaries - - - - Withdrawals: Treasury Initiated - - - - Depositary Initiated 3 35 1,507 1,545 Closing Balance Today 227 1,037 39,553 40,816 DAILY TREASURY STATEMENT page 6 Cash and debt operations of the United States Treasury Thursday, January 29, 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 $ 2 $ 207 $ 4,735 Business 134 2,545 9,586 * 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).