1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday February 13, 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 $ 4,979 $ 5,738 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 7,807 12,952 64,498 69,698 Total Operating Balance 12,786 18,690 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday February 13, 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) 10 176 2,185 Commodity Credit Corporation programs 53 457 4,116 Customs and Certain Excise Taxes 71 831 12,673 Deposits by States: Supplemental Security Income 0 1 1,583 Unemployment 46 2,370 8,369 Education Department programs 48 552 5,428 Energy Department programs 18 166 2,396 Estate and Gift Taxes 70 977 10,397 Federal Reserve Earnings 428 1,340 13,185 Foreign Deposits, Military Sales 1 1,198 6,385 FTD's Received (Table IV) 2,969 17,759 211,577 Housing and Urban Development programs 13 177 2,002 Individual Income and Employment Taxes, Not Withheld 283 2,260 102,705 Interest recd from T&L Depositaries 3 27 375 Justice Department programs 142 463 1,704 Postal Service 372 3,902 39,686 Public Debt Cash Issues (Table III-B) 259 89,227 1,652,630 Other Deposits: Total Other Deposits 0 1,703 20,155 Change in Balance of Uncollected Funds (closing balance $ 111) 57 29 48 Transfers from Depositaries 12,676 162,478 1,206,693 Total Federal Reserve Account 17,521 286,093 3,304,290 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,959 54,065 598,280 Transfers from Federal Reserve Account (Table V) 4,573 51,722 546,521 Total Tax and Loan Note Accounts (Table V) 7,532 105,787 1,144,801 Total Deposits (excluding transfers) 7,804 177,680 2,695,878 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday February 13, 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 64 619 18,029 Defense Vendor Payments (EFT) 1,260 10,564 123,170 Education Department programs 431 5,159 37,874 Energy Department programs 102 771 10,283 Federal Employees Insurance Payments 202 1,764 20,678 Fed. Highway Administration programs 80 795 12,224 Federal Salaries (EFT) 230 5,793 58,736 Food and Nutrition Service (misc) 186 1,620 14,426 Food Stamps 76 827 7,818 GSA programs 46 694 6,061 Health and Human Services Grants (misc) 308 3,007 28,909 Housing and Urban Development programs 42 3,116 22,034 Interest on Treasury Securities 3 654 54,388 Justice Department programs 37 461 4,763 Labor Dept. prgms (excl. unemployment) 41 389 4,643 Medicaid 894 6,987 72,764 Medicare 1,221 21,588 162,821 NASA programs 48 530 5,353 Postal Service Money Orders and Other 149 1,836 18,661 Public Debt Cash Redemp. (Table III-B) 135 73,829 1,580,258 Social Security Benefits (EFT) 6,173 28,270 188,115 Temporary Assistance for Needy Families (HHS) 42 464 6,552 Unemployment Insurance Benefits 200 1,536 13,463 Veterans Affairs programs 83 1,122 9,716 Other Withdrawals: Emergency Prep & Response (DHS) 107 330 3,569 Federal Transit Admin. 54 124 1,464 Interior 75 509 4,395 IRS Tax Refunds Individual (EFT) 331 29,750 39,447 Natl Railroad Retirement Inv Trust 1 1 1 Thrift Savings Plan Transfer 173 542 8,116 Transportation Security Admin. (DHS) 2 68 798 Unclassified 911 12,089 105,613 Total, Other Withdrawals 1,655 62,770 276,589 Transfers to Depositaries 4,573 51,722 546,521 Total Federal Reserve Account 18,280 286,887 3,304,850 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,676 162,478 1,206,693 Total Withdrawals (excluding transfers) 13,708 235,165 2,758,329 Net Change in Operating Cash Balance -5,904 -57,485 -62,451 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday February 13, 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 0 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 -11 -40 4,309 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 118 1,423 Interest Increment 1 572 2,970 Government Account Series 139,493 1,303,300 13,307,343 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 171 2,894 25,827 Other 82 848 8,293 Total Issues 139,743 1,393,576 14,979,047 (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 1 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 51 548 5,732 Government Account Series 146,383 1,313,598 13,162,705 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 0 3,515 36,511 Other 84 871 9,004 Total Redemptions 146,518 1,387,427 14,742,543 Net Change in Public Debt Outstanding -6,775 6,149 236,504 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday February 13, 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) 139,743 1,393,576 14,979,047 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 (-) 139,493 1,303,300 13,306,922 Interest Increment on United States Savings Securities (-) 1 572 2,970 Inflation-Protected Securities Increment -11 -40 4,079 Total Public Debt Cash Issues Deposited in Federal Reserve Account 259 89,227 1,652,630 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,518 1,387,427 14,742,543 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 (-) 146,383 1,313,598 13,162,284 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 135 73,829 1,580,258 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday February 13, 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 1/ $ 5,149,738 $ 5,149,882 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,094,419 4,101,050 4,105,743 3,958,348 Total Public Debt Outstanding 9,244,157 9,250,933 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 67,505 67,602 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 9,162,205 9,168,883 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/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $449 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday February 13, 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 $ 6,080 $ 73,101 $ 691,395 Individual Income Taxes 8 95 3,154 Railroad Retirement Taxes 9 225 1,762 Excise Taxes 90 701 20,971 Corporation Income Taxes 72 440 114,294 Federal Unemployment Taxes 8 280 2,150 Estate and Gift Taxes & Misc IRS Rcpts. 1 30 280 Change in Balance of Unclassified Taxes -31 60 102 Total 6,237 74,932 834,107 These Receipts were deposited in: Federal Reserve Account: Directly 96 1,385 13,764 Collector Depositaries 2,872 16,373 197,813 Tax and Loan Accounts 2,959 54,065 598,280 Inter-agency Transfers 309 3,109 24,250 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 20 $ 194 $ 2,743 $ 12,952 Deposits: Taxes Received (Table IV) 7 64 2,888 2,959 Transfers to Depositaries 0 1 72 73 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,000 Repo Investment 0 0 0 500 Withdrawals: Treasury Initiated 0 0 4,083 4,083 Depositary Initiated 1 18 1,279 1,299 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,295 Repo Investment 0 0 0 0 Closing Balance Today 25 241 341 7,807 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday February 13, 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 $ 449 $ 31,988 $ 54,729 Business 36 4,096 27,855 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.