1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 5,451 $ 4,450 $ 4,907 $ 4,381 Tax and Loan Note Accounts (Table V) 46,676 48,196 11,531 31,300 Total Operating Balance 52,127 52,646 16,437 35,680 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash | ___________________________________________________________________________________________ | | | This | Fiscal | | Deposits | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 15 361 5,064 Commodity Credit Corporation programs 98 923 13,925 Customs and Certain Excise Taxes 167 2,966 32,721 Deposits by States: Supplemental Security Income 1 285 4,519 Unemployment 14 281 36,356 Education Department programs 107 2,590 28,737 Energy Department programs 29 659 8,021 Estate and Gift Taxes 145 2,417 27,199 Federal Reserve Earnings 0 2,362 29,945 Foreign Deposits, Military Sales 50 1,458 12,881 FTD's Received (Table IV) 3,386 56,194 547,184 Housing and Urban Development programs 34 566 7,699 Individual Income and Employment Taxes, Not Withheld 297 57,493 417,569 Interest recd from T&L Depositaries 7 91 921 Justice Department programs 35 720 5,488 Postal Service 340 8,150 101,034 Public Debt Cash Issues (Table III-B) 159 305,797 4,459,341 Other Deposits: Air Transport Security Fees 140 162 2,213 Comptroller of the Currency-Assessment 319 319 621 FSA Tobacco Assessments 125 135 813 Minerals Management Svc/Collections 160 704 10,866 Securities and Exchange Commission 886 886 2,084 Thrift Savings Plan Transfer 52 271 8,787 Total Other Deposits 1,681 3,640 36,595 Change in Balance of Uncollected Funds (closing balance $ 142) -36 -48 -84 Transfers from Depositaries 17,643 257,761 2,566,613 Total Federal Reserve Account 24,171 704,666 8,341,729 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,898 162,287 1,478,945 Transfers from Federal Reserve Account (Table V) 9,225 130,620 1,103,045 Total Tax and Loan Note Accounts (Table V) 16,123 292,907 2,581,990 Total Deposits (excluding transfers) 13,426 609,191 7,254,060 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 43 1,625 32,531 Defense Vendor Payments (EFT) 1,216 25,120 293,094 Education Department programs 719 8,072 94,608 Energy Department programs 321 2,546 27,667 Federal Employees Insurance Payments 224 4,061 49,314 Fed. Highway Administration programs 4 3,780 33,062 Federal Salaries (EFT) 230 12,658 150,952 Food and Nutrition Service (misc) 54 1,985 30,108 Food Stamps 55 1,648 21,624 GSA programs 31 1,245 16,029 Health and Human Services Grants (misc) 679 5,799 73,480 Housing and Urban Development programs 100 3,995 48,897 Interest on Treasury Securities 3 1,748 146,885 Justice Department programs 23 1,092 14,728 Labor Dept. prgms (excl. unemployment) 135 1,026 13,139 Medicaid 807 13,835 178,842 Medicare 207 28,660 374,270 NASA programs 0 1,842 13,120 Postal Service Money Orders and Other 302 4,111 51,146 Public Debt Cash Redemp. (Table III-B) 231 352,911 4,297,869 Social Security Benefits (EFT) 0 36,377 427,709 Temporary Assistance for Needy Families (HHS) 167 1,326 17,260 Unemployment Insurance Benefits 81 2,079 30,871 Veterans Affairs programs 96 1,997 22,859 Other Withdrawals: Emergency Prep & Response (DHS) 83 1,239 36,842 Federal Aviation Administration 55 811 7,716 Federal Financing Bank (net) -115 -36 1,471 IRS Tax Refunds Business (EFT) 94 1,427 15,437 IRS Tax Refunds Individual (EFT) 146 777 146,390 Military Active Duty Pay (EFT) 3,226 8,762 65,509 Supple. Security Income Benefits (EFT) 1,839 3,673 21,435 Tennessee Valley Authority (net) -189 -203 -352 Veterans Benefits (EFT) 2,341 4,673 27,389 Unclassified 740 21,434 328,004 Total, Other Withdrawals 8,218 53,965 777,549 Transfers to Depositaries 9,225 130,620 1,103,045 Total Federal Reserve Account 23,171 704,122 8,340,659 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,643 257,761 2,566,613 Total Withdrawals (excluding transfers) 13,945 573,501 7,237,613 Net Change in Operating Cash Balance -519 35,690 16,447 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions | ___________________________________________________________________________________________ | | | This | Fiscal | | Issues | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills: Regular Series -1 246,638 3,403,436 Cash Management Series 0 49,001 252,003 Notes 0 7,997 708,100 Bonds 0 0 46,397 Inflation-Protected Securities Increment 78 1,153 14,926 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 233 8,505 Interest Increment 1 628 7,534 Government Account Series 155,873 2,515,629 31,954,824 Domestic Series 0 0 216 Foreign Series 0 0 800 State and Local Series 92 4,207 79,515 Other 53 1,459 8,560 Total Issues 156,111 2,826,944 36,484,815 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 0 346,421 3,658,172 Notes 0 0 536,140 Bonds 0 1 12,391 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 1,229 16,027 Government Account Series 122,590 2,482,093 31,612,682 Domestic Series 0 0 216 Foreign Series 0 0 900 State and Local Series 130 3,974 65,963 Other 58 1,286 8,060 Total Redemptions 122,821 2,835,004 35,910,551 Net Change in Public Debt Outstanding 33,290 -8,060 574,264 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis | ___________________________________________________________________________________________ | | | This | Fiscal | | Transactions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 156,111 2,826,944 36,484,815 Premium on New Issues 0 40 138 Discount on New Issues: Bills (-) 0 3,778 44,623 Bonds and Notes (-) 0 0 4,129 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 155,873 2,515,629 31,954,824 Interest Increment on United States Savings Securities (-) 1 628 7,534 Inflation-Protected Securities Increment 78 1,153 14,503 Total Public Debt Cash Issues Deposited in Federal Reserve Account 159 305,797 4,459,341 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 122,821 2,835,004 35,910,551 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 122,590 2,482,093 31,612,682 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 231 352,911 4,297,869 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public $ 4,843,121 $ 4,843,013 $ 4,884,685 $ 4,601,239 Intragovernmental Holdings 3,663,853 3,630,671 3,630,348 3,331,471 Total Public Debt Outstanding 8,506,974 8,473,684 8,515,034 7,932,710 Less: Debt Not Subject to Limit: Other Debt 506 506 506 509 Unamortized Discount 72,286 73,209 73,271 47,290 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 96 96 97 130 Total Public Debt Subject to Limit 8,420,278 8,386,065 8,427,353 7,871,040 Statutory Debt Limit 8,965,000 8,965,000 8,965,000 8,184,000 Act of March 20, 2006, permanently increased the statutory debt limit to $8,965 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 6,839 $ 126,537 $ 1,617,535 Individual Income Taxes 7 2,179 13,105 Railroad Retirement Taxes 18 357 4,703 Excise Taxes 3,618 8,046 72,464 Corporation Income Taxes 123 85,906 368,018 Federal Unemployment Taxes 4 61 7,783 Estate and Gift Taxes & Misc IRS Rcpts. 4 272 2,513 Change in Balance of Unclassified Taxes -24 84 -67 Total 10,589 223,442 2,086,053 These Receipts were deposited in: Federal Reserve Account: Directly 973 5,298 45,239 Collector Depositaries 2,413 50,897 501,945 Tax and Loan Accounts 6,898 162,287 1,478,945 Inter-agency Transfers 306 4,961 59,924 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 61 $ 484 $ 8,652 $ 48,196 Deposits: Taxes Received (Table IV) 8 88 6,802 6,898 Transfers to Depositaries 0 0 385 385 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,840 Repo Investment 0 0 0 4,000 Withdrawals: Treasury Initiated 0 0 6,337 6,337 Depositary Initiated 3 50 2,252 2,306 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,000 Repo Investment 0 0 0 4,000 Closing Balance Today 66 521 7,249 46,676 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday September 29, 2006 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Individual $ 641 2/$ 3,264 2/$ 234,213 Business 211 3,637 39,418 1/ The Department of the Treasury began a pilot program for the repurchase of marketable Treasury securities on March 27, 2006. In this program, Treasury invests cash not immediately needed for operations of the Government by purchasing Treasury securities under an agreement that the seller will repurchase the Treasury securities in 1 or more days. Between the start of the program and September 26, 2006 Treasury reduced the amount of Debt Subject to Limit by the par value of the Treasury securities purchased and held by Treasury under the repurchase agreements, less unamortized discount on bills. Treasury has decided to stop making this adjustment during the remainder of the pilot program while further consideration is given to the most appropriate way to reflect these transactions in the reporting of debt outstanding. The par value of the Treasury securities held by Treasury under repurchase agreements, less unamortized discount on bills, was $4,077 million. 2/ Does not include $38 million offset by FMS for the month of September 2006, and $2,774 million for the fiscal year-to-date for Treasury Offset Program against Tax Refunds issued. This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in an account at the Federal Reserve Bank of New York and in Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial 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 Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Financial Management Service (FMS) website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790. The DTS is also available on the Department of Commerce's "State of the Nation" website: http://www.stat-usa.gov/sotn. For more information regarding this system, please call 202-482-1986.