1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday September 28, 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 $ 3,830 $ 4,718 $ 2,456 $ 7,224 Tax and Loan Note Accounts (Table V) 28,364 30,691 58 27,735 Total Operating Balance 32,194 35,409 2,514 34,960 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday September 28, 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) 37 498 7,638 Commodity Credit Corporation programs 34 598 11,771 Customs and Certain Excise Taxes 136 2,419 28,174 Deposits by States: Supplemental Security Income 16 21 4,222 Unemployment 18 348 32,589 Education Department programs 100 1,164 17,179 Energy Department programs 38 588 6,216 Estate and Gift Taxes 162 2,033 24,876 Federal Reserve Earnings 0 1,159 19,229 Foreign Deposits, Military Sales 3 960 11,024 FTD's Received (Table IV) 724 46,674 499,327 Housing and Urban Development programs 35 523 8,779 Individual Income and Employment Taxes, Not Withheld 648 39,948 277,609 Interest recd from T&L Depositaries 0 13 130 Justice Department programs 23 184 3,948 Postal Service 444 7,330 96,939 Public Debt Cash Issues (Table III-B) 1,587 348,141 4,629,728 Other Deposits: Air Transport Security Fees 1 12 1,713 Total Other Deposits 1 965 25,666 Change in Balance of Uncollected Funds (closing balance $ 140) -102 -36 -20 Transfers from Depositaries 3,076 140,965 1,718,034 Total Federal Reserve Account 6,981 594,496 7,423,056 Tax and Loan Note Accounts: FTD's Received (Table IV) 635 102,635 1,161,518 Transfers from Federal Reserve Account (Table V) 114 66,635 557,145 Total Tax and Loan Note Accounts (Table V) 749 169,271 1,718,663 Total Deposits (excluding transfers) 4,540 556,166 6,866,540 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday September 28, 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 64 1,059 23,473 Defense Vendor Payments (EFT) 1,325 20,811 241,475 Education Department programs 380 6,343 73,426 Energy Department programs 91 2,129 25,431 Federal Employees Insurance Payments 111 3,258 41,142 Fed. Highway Administration programs 250 3,270 29,155 Federal Salaries (EFT) 556 11,015 134,177 Food and Nutrition Service (misc) 47 1,491 23,474 Food Stamps 37 1,654 20,507 GSA programs 47 1,501 19,216 Health and Human Services Grants (misc) 274 4,950 70,056 Housing and Urban Development programs 104 3,897 50,383 Interest on Treasury Securities 9 828 129,090 Justice Department programs 38 1,005 15,983 Labor Dept. prgms (excl. unemployment) 35 969 12,970 Medicaid 510 13,260 173,424 Medicare 1,485 23,519 295,048 NASA programs 0 1,501 13,124 Postal Service Money Orders and Other 236 3,735 48,600 Public Debt Cash Redemp. (Table III-B) 184 340,430 4,259,092 Social Security Benefits (EFT) 0 32,227 380,531 Temporary Assistance for Needy Families (HHS) 57 1,122 17,393 Unemployment Insurance Benefits 140 2,182 41,556 Veterans Affairs programs 62 1,412 18,577 Other Withdrawals: Agency for Internat'l Development 118 605 8,959 Federal Aviation Administration 55 652 5,901 Federal Railroad Admin. 62 62 891 Interior: Office of Territories 51 51 51 IRS Tax Refunds Business (EFT) 155 2,132 29,305 Transportation Security Admin. (DHS) 2 183 1,977 USDA: Forest Service 54 106 772 Unclassified 1,216 22,113 337,506 Total, Other Withdrawals 1,712 42,915 712,003 Transfers to Depositaries 114 66,635 557,145 Total Federal Reserve Account 7,869 593,121 7,426,450 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,076 140,965 1,718,034 Total Withdrawals (excluding transfers) 7,755 526,486 6,869,305 Net Change in Operating Cash Balance -3,215 29,681 -2,765 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday September 28, 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 0 273,150 3,426,303 Cash Management Series 0 41,001 247,009 Notes 0 24,004 811,474 Bonds 0 0 11,001 Inflation-Protected Securities Increment -12 -295 5,917 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 13,600 United States Savings Securities: Cash Issue Price 23 704 10,278 Interest Increment 0 494 6,928 Government Account Series 107,309 2,013,451 34,429,090 Domestic Series 0 0 111 Foreign Series 0 0 1,050 State and Local Series 1,565 10,531 131,867 Other 0 132 742 Total Issues 108,884 2,363,173 39,095,370 (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 0 330,614 3,631,239 Notes 0 0 458,382 Bonds 0 5 24,855 Federal Financing Bank 0 0 0 Nonmarketable: Depositary Compensation Security 0 0 28,591 United States Savings Securities 50 1,195 14,531 Government Account Series 103,605 2,019,346 34,236,660 Domestic Series 0 0 111 Foreign Series 0 0 6,176 State and Local Series 134 8,569 123,349 Other 0 47 449 Total Redemptions 103,789 2,359,776 38,524,342 Net Change in Public Debt Outstanding 5,096 3,397 571,028 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday September 28, 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) 108,884 2,363,173 39,095,370 Premium on New Issues 0 39 416 Discount on New Issues: Bills (-) 0 1,377 11,576 Bonds and Notes (-) 0 44 -951 Depositary Compensation Security (-) 0 0 13,600 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 107,309 2,013,451 34,429,090 Interest Increment on United States Savings Securities (-) 0 494 6,928 Inflation-Protected Securities Increment -12 -295 5,816 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,587 348,141 4,629,728 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 103,789 2,359,776 38,524,342 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 (-) 103,605 2,019,346 34,236,660 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 184 340,430 4,259,092 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday September 28, 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 $ 4,308,404 $ 4,306,959 $ 4,298,492 $ 3,924,090 Intragovernmental Holdings 3,045,944 3,042,293 3,052,458 2,859,230 Total Public Debt Outstanding 7,354,348 7,349,252 7,350,950 6,783,320 Less: Debt Not Subject to Limit: Other Debt 513 513 513 516 Unamortized Discount 45,380 45,423 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 7,308,638 7,303,500 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 Tuesday September 28, 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 $ 1,614 $ 105,817 $ 1,412,902 Individual Estimated Income Taxes 4 636 5,336 Railroad Retirement Taxes 0 295 4,036 Excise Taxes 200 4,116 65,727 Corporation Income Taxes 87 42,899 219,949 Federal Unemployment Taxes 3 50 6,940 Estate and Gift Taxes & Misc IRS Rcpts. 1 59 780 Change in Balance of Unclassified Taxes -196 94 32 Total 1,712 153,966 1,715,702 These Receipts were deposited in: Federal Reserve Account: Directly 155 2,670 34,084 Collector Depositaries 569 44,005 465,243 Tax and Loan Accounts 635 102,635 1,161,518 Inter-agency Transfers 350 4,653 54,854 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 $ 32 $ 174 $ 8,486 $ 30,691 Deposits: Taxes Received (Table IV) 4 24 607 635 Transfers to Depositaries 1 0 113 114 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 2,949 2,949 Depositary Initiated 1 6 120 127 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Closing Balance Today 36 192 6,136 28,364 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday September 28, 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 $ 3 $ 3,907 $ 224,614 Business 319 3,607 55,216 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.