1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 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 $ 5,081 $ 4,831 $ 5,987 $ 5,987 Tax and Loan Note Accounts (Table V) 26,916 30,544 30,362 30,362 Total Operating Balance 31,997 35,376 36,349 36,349 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 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) 16 349 349 Commodity Credit Corporation programs 29 499 499 Customs and Certain Excise Taxes 110 1,901 1,901 Deposits by States: Supplemental Security Income 0 2 2 Unemployment 51 494 494 Education Department programs 112 1,064 1,064 Energy Department programs 27 275 275 Estate and Gift Taxes 52 1,559 1,559 Federal Reserve Earnings 0 1,118 1,118 Foreign Deposits, Military Sales 8 684 684 FTD's Received (Table IV) 1,212 31,327 31,327 Housing and Urban Development programs 26 458 458 Individual Income and Employment Taxes, Not Withheld 593 7,639 7,639 Interest recd from T&L Depositaries 4 16 16 Justice Department programs 8 139 139 Postal Service 342 6,353 6,353 Public Debt Cash Issues (Table III-B) 155 246,120 246,120 Other Deposits: Pension Benefit Guaranty Corp. 80 566 566 Total Other Deposits 80 1,105 1,105 Change in Balance of Uncollected Funds (closing balance $ 110) -14 -71 -71 Transfers from Depositaries 14,809 112,543 112,543 Total Federal Reserve Account 17,620 413,573 413,573 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,118 68,611 68,611 Transfers from Federal Reserve Account (Table V) 8,062 40,485 40,485 Total Tax and Loan Note Accounts (Table V) 11,180 109,096 109,096 Total Deposits (excluding transfers) 5,929 369,641 369,641 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 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 307 5,552 5,552 Defense Vendor Payments (EFT) 1,951 14,016 14,016 Education Department programs 275 4,688 4,688 Energy Department programs 117 1,716 1,716 Federal Employees Insurance Payments 103 2,347 2,347 Fed. Highway Administration programs 114 2,199 2,199 Federal Salaries (EFT) 2,344 8,642 8,642 Food and Nutrition Service (misc) 86 1,592 1,592 Food Stamps 51 1,622 1,622 GSA programs 12 1,102 1,102 Health and Human Services Grants (misc) 310 4,056 4,056 Housing and Urban Development programs 96 3,645 3,645 Interest on Treasury Securities 1 2,583 2,583 Justice Department programs 56 829 829 Labor Dept. prgms (excl. unemployment) 56 761 761 Medicaid 1,054 12,333 12,333 Medicare 1,099 19,536 19,536 NASA programs 57 532 532 Postal Service Money Orders and Other 139 3,050 3,050 Public Debt Cash Redemp. (Table III-B) 45 211,741 211,741 Social Security Benefits (EFT) 0 28,672 28,672 Temporary Assistance for Needy Families (HHS) 53 1,121 1,121 Unemployment Insurance Benefits 69 1,550 1,550 Veterans Affairs programs 95 1,179 1,179 Other Withdrawals: International Monetary Fund -303 -309 -309 IRS Tax Refunds Business (EFT) 90 2,750 2,750 IRS Tax Refunds Individual (EFT) 171 450 450 Thrift Savings Plan Transfer 84 868 868 Transportation Security Admin. (DHS) 1 12 12 Unclassified 776 17,393 17,393 Total, Other Withdrawals 818 38,931 38,931 Transfers to Depositaries 8,062 40,485 40,485 Total Federal Reserve Account 17,370 414,478 414,478 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 14,809 112,543 112,543 Total Withdrawals (excluding transfers) 9,308 373,993 373,993 Net Change in Operating Cash Balance -3,379 -4,353 -4,353 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 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 0 194,893 194,893 Cash Management Series 0 22,001 22,001 Notes 0 24,007 24,007 Bonds 0 0 0 Inflation-Protected Securities Increment 4 114 114 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 22 347 347 Interest Increment 0 629 629 Government Account Series 118,262 2,041,106 2,041,106 Domestic Series 0 33 33 Foreign Series 0 0 0 State and Local Series 134 5,877 5,877 Other 0 12 12 Total Issues 118,421 2,289,019 2,289,019 (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 0 205,515 205,515 Notes 0 0 0 Bonds 0 2 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 36 770 770 Government Account Series 118,423 2,026,533 2,026,533 Domestic Series 0 33 33 Foreign Series 0 0 0 State and Local Series 9 5,420 5,420 Other 0 1 1 Total Redemptions 118,468 2,238,275 2,238,275 Net Change in Public Debt Outstanding -46 50,745 50,745 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 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) 118,421 2,289,019 2,289,019 Premium on New Issues 0 92 92 Discount on New Issues: Bills (-) 0 1,109 1,109 Bonds and Notes (-) 0 79 79 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 118,262 2,041,106 2,041,106 Interest Increment on United States Savings Securities (-) 0 629 629 Inflation-Protected Securities Increment 4 69 69 Total Public Debt Cash Issues Deposited in Federal Reserve Account 155 246,120 246,120 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 118,468 2,238,275 2,238,275 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 (-) 118,423 2,026,533 2,026,533 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 45 211,741 211,741 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 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 $ 4,322,147 $ 4,322,572 $ 4,307,345 $ 4,307,345 Intragovernmental Holdings 3,107,651 3,107,272 3,071,708 3,071,708 Total Public Debt Outstanding 7,429,798 7,429,844 7,379,053 7,379,053 Less: Debt Not Subject to Limit: Other Debt 512 512 513 513 Unamortized Discount 45,497 45,544 45,374 45,374 Federal Financing Bank 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 187 187 184 184 Total Public Debt Subject to Limit 7,383,975 7,383,975 7,333,350 7,333,350 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 Friday October 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 $ 4,831 $ 87,516 $ 87,516 Individual Estimated Income Taxes 2 113 113 Railroad Retirement Taxes 7 258 258 Excise Taxes 47 1,247 1,247 Corporation Income Taxes 53 12,730 12,730 Federal Unemployment Taxes 11 93 93 Estate and Gift Taxes & Misc IRS Rcpts. 4 47 47 Change in Balance of Unclassified Taxes -378 826 826 Total 4,576 102,831 102,831 These Receipts were deposited in: Federal Reserve Account: Directly 82 1,140 1,140 Collector Depositaries 1,130 30,187 30,187 Tax and Loan Accounts 3,118 68,611 68,611 Inter-agency Transfers 247 2,893 2,893 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 $ 115 $ 148 $ 9,281 $ 30,544 Deposits: Taxes Received (Table IV) 7 50 3,062 3,118 Transfers to Depositaries 0 0 62 62 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 8,000 Withdrawals: Treasury Initiated 0 0 2,635 2,635 Depositary Initiated 4 12 1,158 1,174 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 11,000 Closing Balance Today 118 186 8,612 26,916 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 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 $ 641 $ 1,779 $ 1,779 Business 153 5,547 5,547 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.