1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday August 31, 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 $ 2,456 $ 4,831 $ 4,917 $ 7,224 Tax and Loan Note Accounts (Table V) 58 3,718 29,701 27,735 Total Operating Balance 2,514 8,550 34,618 34,960 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday August 31, 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) 111 545 7,140 Commodity Credit Corporation programs 65 1,088 11,173 Customs and Certain Excise Taxes 130 2,769 25,755 Deposits by States: Supplemental Security Income 349 383 4,201 Unemployment 22 5,194 32,241 Education Department programs 63 1,470 16,015 Energy Department programs 69 425 5,628 Estate and Gift Taxes 98 2,278 22,843 Federal Reserve Earnings 0 1,564 18,070 Foreign Deposits, Military Sales 2 1,031 10,063 FTD's Received (Table IV) 982 38,737 452,653 Housing and Urban Development programs 35 617 8,255 Individual Income and Employment Taxes, Not Withheld 268 5,510 237,661 Interest recd from T&L Depositaries 0 6 117 Justice Department programs 6 339 3,764 Postal Service 447 8,054 89,609 Public Debt Cash Issues (Table III-B) 32,243 428,327 4,281,586 Other Deposits: Air Transport Security Fees 166 203 1,701 Defense Finance & Accounting Service 71 715 7,051 Interntl Security Assistance (DSCA) 163 163 856 Minerals Management Svc/Collections 441 964 6,562 Total Other Deposits 840 2,557 24,701 Change in Balance of Uncollected Funds (closing balance $ 104) -39 14 17 Transfers from Depositaries 5,553 118,051 1,577,070 Total Federal Reserve Account 41,245 618,960 6,828,560 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,892 81,990 1,058,883 Transfers from Federal Reserve Account (Table V) 0 6,418 490,509 Total Tax and Loan Note Accounts (Table V) 1,892 88,408 1,549,392 Total Deposits (excluding transfers) 37,585 582,898 6,310,374 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday August 31, 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 31 796 22,414 Defense Vendor Payments (EFT) 879 21,765 220,664 Education Department programs 549 7,475 67,084 Energy Department programs 194 2,150 23,302 Federal Employees Insurance Payments 121 3,630 37,883 Fed. Highway Administration programs 143 3,250 25,884 Federal Salaries (EFT) 541 12,200 123,162 Food and Nutrition Service (misc) 43 1,574 21,983 Food Stamps 37 1,738 18,852 GSA programs 57 1,713 17,715 Health and Human Services Grants (misc) 593 6,169 65,105 Housing and Urban Development programs 98 4,262 46,486 Interest on Treasury Securities 1,218 27,223 128,262 Justice Department programs 30 1,202 14,978 Labor Dept. prgms (excl. unemployment) 44 1,071 12,001 Medicaid 480 13,960 160,164 Medicare 1,294 22,968 271,530 NASA programs 34 1,183 11,622 Postal Service Money Orders and Other 198 4,245 44,865 Public Debt Cash Redemp. (Table III-B) 34,701 401,626 3,918,662 Social Security Benefits (EFT) 0 32,226 348,303 Temporary Assistance for Needy Families (HHS) 87 1,352 16,271 Unemployment Insurance Benefits 138 2,698 39,374 Veterans Affairs programs 64 1,704 17,166 Other Withdrawals: Agriculture Loan Payments (misc) 76 76 194 International Monetary Fund 87 399 -4,784 Pension Benefit Guaranty Corp. 247 247 2,621 USDA: Forest Service 52 156 666 Unclassified 1,581 23,820 315,393 Total, Other Withdrawals 2,044 36,821 669,088 Transfers to Depositaries 0 6,418 490,509 Total Federal Reserve Account 43,621 621,421 6,833,329 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,553 118,051 1,577,070 Total Withdrawals (excluding transfers) 43,621 615,003 6,342,820 Net Change in Operating Cash Balance -6,036 -32,104 -32,446 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday August 31, 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 0 299,423 3,153,153 Cash Management Series 0 0 206,008 Notes 31,815 120,516 787,469 Bonds 0 0 11,001 Inflation-Protected Securities Increment 23 728 6,212 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 13,600 United States Savings Securities: Cash Issue Price 44 996 9,574 Interest Increment 0 544 6,433 Government Account Series 116,642 2,226,166 32,415,639 Domestic Series 0 0 111 Foreign Series 0 0 1,050 State and Local Series 457 8,890 121,336 Other 0 14 610 Total Issues 148,981 2,657,276 36,732,197 (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 0 285,205 3,300,625 Notes 34,541 99,228 458,382 Bonds 0 4,006 24,850 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 28,591 United States Savings Securities 97 1,866 13,336 Government Account Series 112,668 2,221,268 32,217,314 Domestic Series 0 0 111 Foreign Series 0 550 6,176 State and Local Series 62 10,771 114,780 Other 0 0 401 Total Redemptions 147,369 2,622,894 36,164,566 Net Change in Public Debt Outstanding 1,612 34,383 567,630 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday August 31, 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) 148,981 2,657,276 36,732,197 Premium on New Issues 0 0 377 Discount on New Issues: Bills (-) 0 1,305 10,199 Bonds and Notes (-) 73 208 -995 Depositary Compensation Security (-) 0 0 13,600 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 116,642 2,226,166 32,415,639 Interest Increment on United States Savings Securities (-) 0 544 6,433 Inflation-Protected Securities Increment 23 728 6,111 Total Public Debt Cash Issues Deposited in Federal Reserve Account 32,243 428,327 4,281,586 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 147,369 2,622,894 36,164,566 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 (-) 112,668 2,221,268 32,217,314 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 34,701 401,626 3,918,662 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday August 31, 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 $ 4,298,492 $ 4,300,917 $ 4,267,913 $ 3,924,090 Intragovernmental Holdings 3,052,458 3,048,421 3,048,654 2,859,230 Total Public Debt Outstanding 7,350,950 7,349,338 7,316,568 6,783,320 Less: Debt Not Subject to Limit: Other Debt 513 513 513 516 Unamortized Discount 45,086 45,730 44,895 45,427 Federal Financing Bank 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 180 180 169 265 Total Public Debt Subject to Limit 7,305,531 7,303,275 7,271,328 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 Tuesday August 31, 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 $ 3,081 $ 115,145 $ 1,307,085 Individual Estimated Income Taxes 1 45 4,701 Railroad Retirement Taxes 39 424 3,742 Excise Taxes 36 6,000 61,611 Corporation Income Taxes 81 3,165 177,050 Federal Unemployment Taxes 2 680 6,890 Estate and Gift Taxes & Misc IRS Rcpts. 4 49 721 Change in Balance of Unclassified Taxes -58 -116 -62 Total 3,187 125,391 1,561,736 These Receipts were deposited in: Federal Reserve Account: Directly 105 3,043 31,414 Collector Depositaries 877 35,694 421,239 Tax and Loan Accounts 1,892 81,990 1,058,883 Inter-agency Transfers 313 4,664 50,201 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 $ 44 $ 110 $ 3,564 $ 3,718 Deposits: Taxes Received (Table IV) 8 58 1,826 1,892 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Withdrawals: Treasury Initiated 44 110 5,018 5,172 Depositary Initiated 1 7 372 381 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Closing Balance Today 7 51 0 58 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday August 31, 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 $ 7 1/$ 2,998 $ 220,706 Business 259 2,688 51,609 1/Does not include $44 million offset by FMS for the month of August 2004, an d $2,631 million for the fiscal year-to-date for Treasury Offset Program ag ainst 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.