1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 5,738 $ 5,408 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 12,952 17,259 64,498 69,698 Total Operating Balance 18,690 22,668 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash | ___________________________________________________________________________________________ | | | This | Fiscal | | Deposits | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 14 165 2,175 Commodity Credit Corporation programs 90 404 4,063 Customs and Certain Excise Taxes 83 760 12,602 Deposits by States: Supplemental Security Income 0 1 1,583 Unemployment 47 2,325 8,323 Education Department programs 51 503 5,379 Energy Department programs 6 147 2,377 Estate and Gift Taxes 127 907 10,327 Federal Reserve Earnings 0 912 12,756 Foreign Deposits, Military Sales 11 1,196 6,384 FTD's Received (Table IV) 775 14,790 208,609 Housing and Urban Development programs 23 163 1,988 Individual Income and Employment Taxes, Not Withheld 272 1,977 102,422 Interest recd from T&L Depositaries 4 24 372 Justice Department programs 232 321 1,562 Postal Service 476 3,531 39,315 Public Debt Cash Issues (Table III-B) 456 88,968 1,652,370 Other Deposits: Air Transport Security Fees 1 5 747 Gas and Oil Lease Sales Proceeds 123 1,069 2,459 Thrift Savings Plan Transfer 96 350 8,827 Total Other Deposits 220 1,703 20,155 Change in Balance of Uncollected Funds (closing balance $ 168) -109 -28 -9 Transfers from Depositaries 9,243 149,801 1,194,016 Total Federal Reserve Account 12,020 268,572 3,286,769 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,488 51,106 595,321 Transfers from Federal Reserve Account (Table V) 3,448 47,149 541,948 Total Tax and Loan Note Accounts (Table V) 4,935 98,255 1,137,270 Total Deposits (excluding transfers) 4,265 169,876 2,688,074 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 109 554 17,965 Defense Vendor Payments (EFT) 1,780 9,304 121,910 Education Department programs 335 4,728 37,443 Energy Department programs 57 669 10,181 Federal Employees Insurance Payments 223 1,562 20,476 Fed. Highway Administration programs 68 715 12,144 Federal Salaries (EFT) 444 5,563 58,506 Food and Nutrition Service (misc) 149 1,434 14,240 Food Stamps 96 751 7,742 GSA programs 62 648 6,015 Health and Human Services Grants (misc) 345 2,699 28,600 Housing and Urban Development programs 104 3,074 21,991 Interest on Treasury Securities 2 652 54,386 Justice Department programs 38 425 4,727 Labor Dept. prgms (excl. unemployment) 34 348 4,602 Medicaid 754 6,093 71,870 Medicare 1,443 20,368 161,600 NASA programs 44 482 5,304 Postal Service Money Orders and Other 218 1,687 18,512 Public Debt Cash Redemp. (Table III-B) 141 73,695 1,580,124 Social Security Benefits (EFT) 39 22,097 181,942 Temporary Assistance for Needy Families (HHS) 74 422 6,510 Unemployment Insurance Benefits 156 1,335 13,263 Veterans Affairs programs 94 1,038 9,633 Other Withdrawals: Federal Transit Admin. 70 70 1,410 IRS Tax Refunds Business (EFT) 249 2,830 15,437 IRS Tax Refunds Individual (EFT) 371 29,419 39,115 Transportation Security Admin. (DHS) 2 65 795 USDA: Forest Service 84 84 1,208 Unclassified 658 11,177 104,702 Total, Other Withdrawals 1,434 61,115 274,934 Transfers to Depositaries 3,448 47,149 541,948 Total Federal Reserve Account 11,690 268,607 3,286,569 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,243 149,801 1,194,016 Total Withdrawals (excluding transfers) 8,243 221,458 2,744,621 Net Change in Operating Cash Balance -3,978 -51,582 -56,547 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions | ___________________________________________________________________________________________ | | | This | Fiscal | | Issues | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills: Regular Series -1 85,896 1,302,187 Cash Management Series 0 0 53,000 Notes 0 -11 253,738 Bonds 0 0 16,541 Inflation-Protected Securities Increment -12 -30 4,320 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 111 1,417 Interest Increment 0 572 2,969 Government Account Series 143,369 1,163,807 13,167,849 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 366 2,723 25,657 Other 83 766 8,210 Total Issues 143,814 1,253,833 14,839,304 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 0 68,895 1,311,880 Notes 0 0 206,066 Bonds 0 0 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 58 497 5,681 Government Account Series 138,862 1,167,214 13,016,322 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 0 3,515 36,511 Other 83 787 8,920 Total Redemptions 139,003 1,240,909 14,596,025 Net Change in Public Debt Outstanding 4,811 12,924 243,279 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis | ___________________________________________________________________________________________ | | | This | Fiscal | | Transactions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 143,814 1,253,833 14,839,304 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 517 12,487 Bonds and Notes (-) 0 0 569 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 143,369 1,163,807 13,167,428 Interest Increment on United States Savings Securities (-) 0 572 2,969 Inflation-Protected Securities Increment -12 -30 4,090 Total Public Debt Cash Issues Deposited in Federal Reserve Account 456 88,968 1,652,370 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 139,003 1,240,909 14,596,025 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 (-) 138,862 1,167,214 13,015,901 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 141 73,695 1,580,124 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public $ 5,149,882 $ 5,149,319 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,101,050 4,096,803 4,105,743 3,958,348 Total Public Debt Outstanding 9,250,933 9,246,122 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 67,602 67,700 67,718 71,877 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 52 52 52 69 Total Public Debt Subject to Limit 9,168,883 9,163,974 9,155,842 8,921,343 Statutory Debt Limit 9,815,000 9,815,000 9,815,000 9,815,000 Act of September 29, 2007, permanently increased the statutory debt limit to $9,815 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 February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 2,280 $ 67,021 $ 685,315 Individual Income Taxes 13 87 3,146 Railroad Retirement Taxes 1 216 1,753 Excise Taxes 383 611 20,881 Corporation Income Taxes 89 368 114,222 Federal Unemployment Taxes 21 272 2,142 Estate and Gift Taxes & Misc IRS Rcpts. 4 29 279 Change in Balance of Unclassified Taxes -55 91 132 Total 2,737 68,695 827,870 These Receipts were deposited in: Federal Reserve Account: Directly 164 1,289 13,668 Collector Depositaries 611 13,501 194,941 Tax and Loan Accounts 1,488 51,106 595,321 Inter-agency Transfers 474 2,800 23,941 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 16 $ 151 $ 1,597 $ 17,259 Deposits: Taxes Received (Table IV) 3 29 1,455 1,488 Transfers to Depositaries 1 20 727 748 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,700 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 6 1,036 1,043 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 8,200 Repo Investment 0 0 0 0 Closing Balance Today 20 194 2,743 12,952 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday February 12, 2008 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Individual $ 485 $ 31,539 $ 54,280 Business 585 4,060 27,819 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.