1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday September 22, 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 $ 4,845 $ 7,411 $ 2,456 $ 7,224 Tax and Loan Note Accounts (Table V) 44,493 42,280 58 27,735 Total Operating Balance 49,338 49,691 2,514 34,960 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday September 22, 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) 16 398 7,538 Commodity Credit Corporation programs 29 495 11,668 Customs and Certain Excise Taxes 175 1,915 27,670 Deposits by States: Supplemental Security Income 0 4 4,205 Unemployment 12 271 32,512 Education Department programs 48 916 16,931 Energy Department programs 46 438 6,066 Estate and Gift Taxes 71 1,460 24,303 Federal Reserve Earnings 256 1,159 19,229 Foreign Deposits, Military Sales 14 941 11,005 FTD's Received (Table IV) 3,540 41,900 494,553 Housing and Urban Development programs 10 453 8,708 Individual Income and Employment Taxes, Not Withheld 1,824 37,347 275,008 Interest recd from T&L Depositaries 0 2 119 Justice Department programs 6 138 3,901 Postal Service 352 5,899 95,508 Public Debt Cash Issues (Table III-B) 777 283,954 4,565,540 Other Deposits: Federal Housing Admin: Note Sales 124 254 2,775 Total Other Deposits 124 527 25,228 Change in Balance of Uncollected Funds (closing balance $ 138) -1 -35 -18 Transfers from Depositaries 1,738 94,100 1,671,170 Total Federal Reserve Account 9,035 472,284 7,300,844 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,029 91,312 1,150,195 Transfers from Federal Reserve Account (Table V) 923 47,223 537,733 Total Tax and Loan Note Accounts (Table V) 3,952 138,536 1,687,928 Total Deposits (excluding transfers) 10,326 469,495 6,779,869 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday September 22, 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 71 780 23,194 Defense Vendor Payments (EFT) 1,384 15,588 236,252 Education Department programs 416 4,949 72,033 Energy Department programs 111 1,640 24,942 Federal Employees Insurance Payments 403 2,545 40,429 Fed. Highway Administration programs 232 2,531 28,415 Federal Salaries (EFT) 162 6,970 130,133 Food and Nutrition Service (misc) 47 1,221 23,205 Food Stamps 37 1,440 20,292 GSA programs 52 1,268 18,983 Health and Human Services Grants (misc) 233 3,914 69,019 Housing and Urban Development programs 99 3,462 49,948 Interest on Treasury Securities 3 800 129,062 Justice Department programs 58 761 15,739 Labor Dept. prgms (excl. unemployment) 37 733 12,734 Medicaid 670 10,548 170,712 Medicare 1,384 19,141 290,670 NASA programs 53 1,122 12,744 Postal Service Money Orders and Other 117 2,932 47,797 Public Debt Cash Redemp. (Table III-B) 49 266,972 4,185,633 Social Security Benefits (EFT) 3,692 32,227 380,531 Temporary Assistance for Needy Families (HHS) 22 886 17,157 Unemployment Insurance Benefits 124 1,747 41,121 Veterans Affairs programs 60 1,113 18,279 Other Withdrawals: Federal Transit Admin. 64 383 2,511 International Monetary Fund -77 -171 -4,955 IRS Tax Refunds Business (EFT) 53 1,621 28,794 State Department 73 125 2,135 Transportation Security Admin. (DHS) 44 172 1,965 Unclassified 1,008 18,213 333,606 Total, Other Withdrawals 1,166 37,380 706,468 Transfers to Depositaries 923 47,223 537,733 Total Federal Reserve Account 11,602 469,895 7,303,224 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,738 94,100 1,671,170 Total Withdrawals (excluding transfers) 10,679 422,671 6,765,491 Net Change in Operating Cash Balance -353 46,824 14,378 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday September 22, 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 0 211,391 3,364,543 Cash Management Series 0 41,001 247,009 Notes 0 24,004 811,474 Bonds 0 0 11,001 Inflation-Protected Securities Increment -12 -225 5,988 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 13,600 United States Savings Securities: Cash Issue Price 25 594 10,168 Interest Increment 0 494 6,928 Government Account Series 104,619 1,584,995 34,000,633 Domestic Series 0 0 111 Foreign Series 0 0 1,050 State and Local Series 751 7,882 129,218 Other 0 132 742 Total Issues 105,384 1,870,268 38,602,465 (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 0 258,075 3,558,700 Notes 0 0 458,382 Bonds 0 4 24,854 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 28,591 United States Savings Securities 49 1,005 14,341 Government Account Series 105,515 1,598,697 33,816,011 Domestic Series 0 0 111 Foreign Series 0 0 6,176 State and Local Series 0 7,841 122,620 Other 0 47 449 Total Redemptions 105,564 1,865,669 38,030,235 Net Change in Public Debt Outstanding -180 4,599 572,229 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday September 22, 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) 105,384 1,870,268 38,602,465 Premium on New Issues 0 39 416 Discount on New Issues: Bills (-) 0 1,045 11,244 Bonds and Notes (-) 0 44 -951 Depositary Compensation Security (-) 0 0 13,600 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 104,619 1,584,995 34,000,633 Interest Increment on United States Savings Securities (-) 0 494 6,928 Inflation-Protected Securities Increment -12 -225 5,887 Total Public Debt Cash Issues Deposited in Federal Reserve Account 777 283,954 4,565,540 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 105,564 1,865,669 38,030,235 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 (-) 105,515 1,598,697 33,816,011 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 49 266,972 4,185,633 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday September 22, 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 $ 4,317,272 $ 4,316,432 $ 4,298,492 $ 3,924,090 Intragovernmental Holdings 3,038,277 3,039,297 3,052,458 2,859,230 Total Public Debt Outstanding 7,355,549 7,355,729 7,350,950 6,783,320 Less: Debt Not Subject to Limit: Other Debt 513 513 513 516 Unamortized Discount 45,303 45,244 45,086 45,427 Federal Financing Bank 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 184 184 180 265 Total Public Debt Subject to Limit 7,309,917 7,310,156 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 Wednesday September 22, 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 $ 6,879 $ 89,236 $ 1,396,321 Individual Estimated Income Taxes 3 624 5,324 Railroad Retirement Taxes 4 237 3,979 Excise Taxes 25 3,255 64,865 Corporation Income Taxes 181 42,482 219,532 Federal Unemployment Taxes 3 40 6,930 Estate and Gift Taxes & Misc IRS Rcpts. 1 55 776 Change in Balance of Unclassified Taxes -514 737 674 Total 6,583 136,666 1,698,403 These Receipts were deposited in: Federal Reserve Account: Directly 139 2,234 33,648 Collector Depositaries 3,401 39,667 460,905 Tax and Loan Accounts 3,029 91,312 1,150,195 Inter-agency Transfers 14 3,454 53,655 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 $ 61 $ 229 $ 11,990 $ 42,280 Deposits: Taxes Received (Table IV) 11 77 2,941 3,029 Transfers to Depositaries 7 4 912 923 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Withdrawals: Treasury Initiated 61 229 0 290 Depositary Initiated 1 6 1,441 1,448 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Closing Balance Today 16 76 14,402 44,493 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday September 22, 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 $ 2 $ 2,922 $ 223,628 Business 99 2,666 54,275 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.