1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance ³ ___________________________________________________________________________________________ ³ ³ ³ Opening balance ³ ³ _________________________________________________________________ ³ Closing ³ ³ ³ This ³ ³ Type of account ³ balance ³ ³ This ³ fiscal ³ ³ ³ today ³ Today ³ month ³ year ³ ___________________________________________________________________________________________ Federal Reserve Account $ 5,359 $ 6,374 $ 2,456 $ 7,224 Tax and Loan Note Accounts (Table V) 5,678 327 58 27,735 Total Operating Balance 11,037 6,701 2,514 34,960 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash ³ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Deposits ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 15 51 7,190 Commodity Credit Corporation programs 46 117 11,290 Customs and Certain Excise Taxes 96 200 25,955 Deposits by States: Supplemental Security Income 0 0 4,201 Unemployment 94 112 32,353 Education Department programs 67 125 16,140 Energy Department programs 8 31 5,659 Estate and Gift Taxes 92 188 23,031 Federal Reserve Earnings 0 143 18,213 Foreign Deposits, Military Sales 16 540 10,603 FTD's Received (Table IV) 1,157 5,338 457,991 Housing and Urban Development programs 35 70 8,326 Individual Income and Employment Taxes, Not Withheld 286 638 238,299 Interest recd from T&L Depositaries 0 0 118 Justice Department programs 8 12 3,775 Postal Service 384 741 90,350 Public Debt Cash Issues (Table III-B) 74,747 91,249 4,372,836 Other Deposits: Total Other Deposits 0 32 24,732 Change in Balance of Uncollected Funds (closing balance $ 171) 11 -67 -50 Transfers from Depositaries 448 9,055 1,586,125 Total Federal Reserve Account 77,510 108,575 6,937,135 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,559 11,434 1,070,317 Transfers from Federal Reserve Account (Table V) 3,241 3,241 493,750 Total Tax and Loan Note Accounts (Table V) 5,800 14,675 1,564,067 Total Deposits (excluding transfers) 79,620 110,954 6,421,328 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Withdrawals ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 33 69 22,482 Defense Vendor Payments (EFT) 437 809 221,473 Education Department programs 370 657 67,740 Energy Department programs 133 300 23,602 Federal Employees Insurance Payments 119 234 38,117 Fed. Highway Administration programs 114 178 26,063 Federal Salaries (EFT) 622 1,001 124,164 Food and Nutrition Service (misc) 55 94 22,077 Food Stamps 47 68 18,920 GSA programs 89 393 18,108 Health and Human Services Grants (misc) 281 534 65,639 Housing and Urban Development programs 140 2,077 48,563 Interest on Treasury Securities 2 237 128,500 Justice Department programs 33 82 15,059 Labor Dept. prgms (excl. unemployment) 57 100 12,101 Medicaid 873 1,273 161,437 Medicare 778 5,513 277,043 NASA programs 38 133 11,755 Postal Service Money Orders and Other 211 370 45,236 Public Debt Cash Redemp. (Table III-B) 69,377 71,893 3,990,554 Social Security Benefits (EFT) 0 118 348,421 Temporary Assistance for Needy Families (HHS) 86 118 16,389 Unemployment Insurance Benefits 89 218 39,592 Veterans Affairs programs 43 106 17,271 Other Withdrawals: Presidential Election Campaign Fund 75 75 149 Unclassified 1,184 1,703 317,096 Total, Other Withdrawals 1,259 15,854 684,942 Transfers to Depositaries 3,241 3,241 493,750 Total Federal Reserve Account 78,525 105,671 6,939,000 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 448 9,055 1,586,125 Total Withdrawals (excluding transfers) 75,284 102,430 6,445,250 Net Change in Operating Cash Balance 4,336 8,523 -23,922 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions ³ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Issues ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Marketable: Bills: Regular Series 74,811 74,811 3,227,964 Cash Management Series 0 16,000 222,008 Notes -1 -1 787,468 Bonds 0 0 11,001 Inflation-Protected Securities Increment -11 11 6,223 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 13,600 United States Savings Securities: Cash Issue Price 67 126 9,700 Interest Increment 0 496 6,929 Government Account Series 110,174 216,251 32,631,890 Domestic Series 0 0 111 Foreign Series 0 0 1,050 State and Local Series 213 665 122,002 Other 0 0 610 Total Issues 185,251 308,360 37,040,556 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Redemptions ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Marketable: Bills 69,249 69,249 3,369,874 Notes 0 0 458,382 Bonds 0 0 24,850 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 28,591 United States Savings Securities 80 176 13,512 Government Account Series 104,769 221,701 32,439,015 Domestic Series 0 0 111 Foreign Series 0 0 6,176 State and Local Series 48 2,467 117,246 Other 0 0 401 Total Redemptions 174,146 293,593 36,458,160 Net Change in Public Debt Outstanding 11,105 14,766 582,397 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis ³ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Transactions ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 185,251 308,360 37,040,556 Premium on New Issues 0 0 377 Discount on New Issues: Bills (-) 343 352 10,551 Bonds and Notes (-) 0 0 -995 Depositary Compensation Security (-) 0 0 13,600 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 110,174 216,251 32,631,890 Interest Increment on United States Savings Securities (-) 0 496 6,929 Inflation-Protected Securities Increment -11 11 6,123 Total Public Debt Cash Issues Deposited in Federal Reserve Account 74,747 91,249 4,372,836 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 174,146 293,593 36,458,160 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Depositary Compensation Security (-) 0 0 28,591 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 104,769 221,701 32,439,015 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 69,377 71,893 3,990,554 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit ³ ___________________________________________________________________________________________ ³ ³ ³ Opening balance ³ ³ _________________________________________________________________ ³ Closing ³ ³ ³ Fiscal ³ ³ Balance Transac ³ balance ³ ³ This ³ year ³ ³ ³ today ³ Today ³ month ³ ³ ___________________________________________________________________________________________ Debt Held by the Public $ 4,318,925 $ 4,313,036 $ 4,298,492 $ 3,924,090 Intragovernmental Holdings 3,046,791 3,041,575 3,052,458 2,859,230 Total Public Debt Outstanding 7,365,717 7,354,611 7,350,950 6,783,320 Less: Debt Not Subject to Limit: Other Debt 513 513 513 516 Unamortized Discount 45,358 45,056 45,086 45,427 Federal Financing Bank 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 180 180 180 265 Total Public Debt Subject to Limit 7,320,025 7,309,223 7,305,531 6,737,642 Statutory Debt Limit 7,384,000 7,384,000 7,384,000 7,384,000 Act of May 27, 2003, permanently increased the statutory debt limit to $7,384 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 Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits ³ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Classification ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 3,908 $ 17,598 $ 1,324,683 Individual Estimated Income Taxes 2 5 4,705 Railroad Retirement Taxes 11 20 3,761 Excise Taxes 32 69 61,680 Corporation Income Taxes 120 402 177,453 Federal Unemployment Taxes 2 5 6,895 Estate and Gift Taxes & Misc IRS Rcpts. 15 23 744 Change in Balance of Unclassified Taxes 146 221 159 Total 4,236 18,343 1,580,079 These Receipts were deposited in: Federal Reserve Account: Directly 133 478 31,892 Collector Depositaries 1,024 4,861 426,099 Tax and Loan Accounts 2,559 11,434 1,070,317 Inter-agency Transfers 520 1,570 51,771 TABLE V Tax and Loan Note Accounts by Depositary Category ³ ___________________________________________________________________________________________ ³ ³ ³ Type of Depositary ³ ³ _________________________________________________________________ ³ Balance Transac ³ ³ ³ ³ ³ ³ ³ A ³ B ³ C ³ Total ³ ___________________________________________________________________________________________ Opening Balance Today $ 17 $ 139 $ 171 $ 327 Deposits: Taxes Received (Table IV) 6 37 2,515 2,559 Transfers to Depositaries 14 7 3,219 3,241 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 8 439 448 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Closing Balance Today 36 176 5,466 5,678 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday September 02, 2004 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued ³ ___________________________________________________________________________________________ ³ ³ ³ This ³ Fiscal ³ ³ Classification ³ Today ³ month ³ year ³ ³ ³ ³ to date ³ to date ³ ___________________________________________________________________________________________ Individual $ 6 $ 7 $ 220,714 Business 31 448 52,057 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.