1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday February 14, 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 $ 5,291 $ 4,979 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 50,127 7,807 64,498 69,698 Total Operating Balance 55,418 12,786 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday February 14, 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) 8 184 2,193 Commodity Credit Corporation programs 35 492 4,151 Customs and Certain Excise Taxes 99 930 12,772 Deposits by States: Supplemental Security Income 0 1 1,583 Unemployment 45 2,415 8,413 Education Department programs 71 623 5,499 Energy Department programs 13 179 2,409 Estate and Gift Taxes 45 1,022 10,442 Federal Reserve Earnings 0 1,340 13,185 Foreign Deposits, Military Sales 45 1,242 6,430 FTD's Received (Table IV) 1,397 19,156 212,974 Housing and Urban Development programs 40 217 2,042 Individual Income and Employment Taxes, Not Withheld 236 2,496 102,941 Interest recd from T&L Depositaries 2 29 377 Justice Department programs 11 474 1,714 Postal Service 353 4,255 40,039 Public Debt Cash Issues (Table III-B) 106,417 195,644 1,759,046 Other Deposits: Air Transport Security Fees 1 6 749 Gas and Oil Lease Sales Proceeds 121 1,191 2,581 Total Other Deposits 122 1,825 20,278 Change in Balance of Uncollected Funds (closing balance $ 71) 40 69 88 Transfers from Depositaries 2,954 165,432 1,209,647 Total Federal Reserve Account 111,934 398,027 3,416,224 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,864 56,929 601,144 Transfers from Federal Reserve Account (Table V) 42,410 94,132 588,931 Total Tax and Loan Note Accounts (Table V) 45,274 151,061 1,190,075 Total Deposits (excluding transfers) 111,844 289,524 2,807,722 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday February 14, 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 84 703 18,113 Defense Vendor Payments (EFT) 1,486 12,050 124,656 Education Department programs 486 5,645 38,360 Energy Department programs 108 879 10,392 Federal Employees Insurance Payments 464 2,228 21,142 Fed. Highway Administration programs 55 849 12,279 Federal Salaries (EFT) 650 6,443 59,386 Food and Nutrition Service (misc) 110 1,731 14,537 Food Stamps 86 913 7,904 GSA programs 105 799 6,166 Health and Human Services Grants (misc) 291 3,297 29,199 Housing and Urban Development programs 224 3,340 22,258 Interest on Treasury Securities 2 657 54,391 Justice Department programs 37 498 4,800 Labor Dept. prgms (excl. unemployment) 60 449 4,703 Medicaid 1,201 8,188 73,965 Medicare 965 22,554 163,786 NASA programs 45 575 5,397 Postal Service Money Orders and Other 138 1,974 18,799 Public Debt Cash Redemp. (Table III-B) 60,812 134,642 1,641,071 Social Security Benefits (EFT) 47 28,318 188,163 Temporary Assistance for Needy Families (HHS) 299 763 6,851 Unemployment Insurance Benefits 181 1,717 13,644 Veterans Affairs programs 74 1,196 9,790 Other Withdrawals: IRS Tax Refunds Business (EFT) 114 2,968 15,575 IRS Tax Refunds Individual (EFT) 305 30,055 39,752 Transportation Security Admin. (DHS) 8 76 806 Unclassified 773 12,862 106,386 Total, Other Withdrawals 1,200 63,970 277,789 Transfers to Depositaries 42,410 94,132 588,931 Total Federal Reserve Account 111,622 398,510 3,416,472 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,954 165,432 1,209,647 Total Withdrawals (excluding transfers) 69,212 304,378 2,827,541 Net Change in Operating Cash Balance 42,632 -14,854 -19,819 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday February 14, 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 87,569 173,465 1,389,756 Cash Management Series 19,000 19,000 72,000 Notes 0 -11 253,738 Bonds 0 0 16,541 Inflation-Protected Securities Increment -11 -51 4,299 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 126 1,432 Interest Increment 0 572 2,970 Government Account Series 143,220 1,446,520 13,450,562 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 244 3,138 26,072 Other 201 1,049 8,494 Total Issues 250,233 1,643,809 15,229,279 (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 60,570 129,465 1,372,450 Notes 0 0 206,066 Bonds 0 1 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 594 5,779 Government Account Series 141,679 1,455,276 13,304,384 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 0 3,516 36,512 Other 195 1,066 9,199 Total Redemptions 202,491 1,589,918 14,945,033 Net Change in Public Debt Outstanding 47,742 53,891 284,246 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday February 14, 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) 250,233 1,643,809 15,229,279 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 606 1,123 13,093 Bonds and Notes (-) 0 0 569 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 143,220 1,446,520 13,450,141 Interest Increment on United States Savings Securities (-) 0 572 2,970 Inflation-Protected Securities Increment -11 -51 4,069 Total Public Debt Cash Issues Deposited in Federal Reserve Account 106,417 195,644 1,759,046 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 202,491 1,589,918 14,945,033 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 (-) 141,679 1,455,276 13,303,963 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 60,812 134,642 1,641,071 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday February 14, 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/ $ 5,195,943 $ 5,149,738 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,095,956 4,094,419 4,105,743 3,958,348 Total Public Debt Outstanding 9,291,899 9,244,157 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,013 67,505 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 9,209,438 9,162,205 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 $448 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday February 14, 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 $ 2,004 $ 75,104 $ 693,399 Individual Income Taxes 18 113 3,172 Railroad Retirement Taxes 15 240 1,777 Excise Taxes 1,887 2,589 22,859 Corporation Income Taxes 369 809 114,663 Federal Unemployment Taxes 4 284 2,153 Estate and Gift Taxes & Misc IRS Rcpts. 1 31 281 Change in Balance of Unclassified Taxes 145 205 246 Total 4,442 79,374 838,549 These Receipts were deposited in: Federal Reserve Account: Directly 534 1,919 14,297 Collector Depositaries 864 17,237 198,677 Tax and Loan Accounts 2,864 56,929 601,144 Inter-agency Transfers 181 3,289 24,430 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 25 $ 241 $ 341 $ 7,807 Deposits: Taxes Received (Table IV) 3 28 2,833 2,864 Transfers to Depositaries 27 252 10,658 10,938 Special Direct Investment 0 0 0 12,372 Term Investment 0 0 0 18,500 Repo Investment 0 0 0 600 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 11 2,443 2,454 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 500 Closing Balance Today 55 511 11,390 50,127 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday February 14, 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 $ 376 $ 32,364 $ 55,106 Business 120 4,216 27,976 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.