1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday February 15, 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 $ 2,992 $ 5,291 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 94 50,127 64,498 69,698 Total Operating Balance 3,086 55,418 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday February 15, 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) 52 236 2,245 Commodity Credit Corporation programs 51 543 4,202 Customs and Certain Excise Taxes 74 1,004 12,846 Deposits by States: Supplemental Security Income 0 1 1,583 Unemployment 29 2,444 8,442 Education Department programs 26 649 5,525 Energy Department programs 23 202 2,432 Estate and Gift Taxes 46 1,069 10,489 Federal Reserve Earnings 0 1,340 13,185 Foreign Deposits, Military Sales 8 1,250 6,437 FTD's Received (Table IV) 3,512 22,668 216,486 Housing and Urban Development programs 19 236 2,061 Individual Income and Employment Taxes, Not Withheld 172 2,668 103,113 Interest recd from T&L Depositaries 3 32 380 Justice Department programs 23 497 1,737 Postal Service 341 4,596 40,380 Public Debt Cash Issues (Table III-B) 62,450 258,094 1,821,496 Other Deposits: Thrift Savings Plan Transfer 70 463 8,940 Total Other Deposits 70 1,895 20,347 Change in Balance of Uncollected Funds (closing balance $ 318) -248 -178 -159 Transfers from Depositaries 58,399 223,831 1,268,046 Total Federal Reserve Account 125,050 523,077 3,541,274 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,367 65,296 609,511 Transfers from Federal Reserve Account (Table V) 0 94,132 588,931 Total Tax and Loan Note Accounts (Table V) 8,367 159,427 1,198,442 Total Deposits (excluding transfers) 75,017 364,541 2,882,739 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday February 15, 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 89 792 18,202 Defense Vendor Payments (EFT) 848 12,899 125,505 Education Department programs 561 6,206 38,921 Energy Department programs 125 1,004 10,516 Federal Employees Insurance Payments 168 2,397 21,311 Fed. Highway Administration programs 69 919 12,348 Federal Salaries (EFT) 152 6,595 59,538 Food and Nutrition Service (misc) 181 1,912 14,718 Food Stamps 110 1,023 8,014 GSA programs 14 813 6,180 Health and Human Services Grants (misc) 385 3,682 29,584 Housing and Urban Development programs 150 3,490 22,408 Interest on Treasury Securities 26,743 27,399 81,133 Justice Department programs 31 529 4,831 Labor Dept. prgms (excl. unemployment) 153 602 4,856 Medicaid 1,322 9,510 75,287 Medicare 1,169 23,723 164,955 NASA programs 31 607 5,429 Postal Service Money Orders and Other 179 2,153 18,978 Public Debt Cash Redemp. (Table III-B) 68,867 203,509 1,709,938 Social Security Benefits (EFT) 43 28,361 188,206 Temporary Assistance for Needy Families (HHS) 118 881 6,969 Unemployment Insurance Benefits 178 1,895 13,822 Veterans Affairs programs 67 1,263 9,858 Other Withdrawals: Centers for Disease Control 55 55 338 Export-Import Bank (net) -55 -60 -598 HHS: Indian Health Service 51 94 490 IRS Tax Refunds Business (EFT) 372 3,340 15,947 IRS Tax Refunds Individual (EFT) 21,796 51,851 61,548 Library of Congress 59 59 59 Military Active Duty Pay (EFT) 2,530 6,002 29,284 Transportation Security Admin. (DHS) 1 77 807 Unclassified 786 13,647 107,172 Total, Other Withdrawals 25,595 89,565 303,384 Transfers to Depositaries 0 94,132 588,931 Total Federal Reserve Account 127,348 525,858 3,543,820 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 58,399 223,831 1,268,046 Total Withdrawals (excluding transfers) 127,348 431,726 2,954,889 Net Change in Operating Cash Balance -52,332 -67,185 -72,151 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday February 15, 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 0 173,465 1,389,756 Cash Management Series 30,000 49,000 102,000 Notes 19,205 19,194 272,943 Bonds 13,295 13,295 29,836 Inflation-Protected Securities Increment -11 -62 4,287 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 134 1,440 Interest Increment 0 573 2,970 Government Account Series 149,023 1,595,543 13,599,585 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 332 3,469 26,403 Other 89 1,139 8,583 Total Issues 211,941 1,855,750 15,441,220 (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 0 129,465 1,372,450 Notes 64,958 64,958 271,024 Bonds 0 1 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 45 639 5,824 Government Account Series 145,730 1,601,006 13,450,114 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 3,773 7,288 40,284 Other 92 1,158 9,291 Total Redemptions 214,597 1,804,515 15,159,631 Net Change in Public Debt Outstanding -2,657 51,234 281,589 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday February 15, 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) 211,941 1,855,750 15,441,220 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 125 1,248 13,218 Bonds and Notes (-) 354 354 923 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,023 1,595,543 13,599,164 Interest Increment on United States Savings Securities (-) 0 573 2,970 Inflation-Protected Securities Increment -11 -62 4,057 Total Public Debt Cash Issues Deposited in Federal Reserve Account 62,450 258,094 1,821,496 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 214,597 1,804,515 15,159,631 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 (-) 145,730 1,601,006 13,449,693 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 68,867 203,509 1,709,938 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday February 15, 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 $ 5,190,042 $ 5,195,943 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,099,200 4,095,956 4,105,743 3,958,348 Total Public Debt Outstanding 9,289,242 9,291,899 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 68,232 68,013 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 9,206,562 9,209,438 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 Friday February 15, 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 $ 8,448 $ 83,552 $ 701,846 Individual Income Taxes 74 187 3,246 Railroad Retirement Taxes 10 249 1,786 Excise Taxes 29 2,618 22,888 Corporation Income Taxes 3,180 3,989 117,843 Federal Unemployment Taxes 15 298 2,168 Estate and Gift Taxes & Misc IRS Rcpts. 4 35 285 Change in Balance of Unclassified Taxes 175 381 422 Total 11,935 91,309 850,484 These Receipts were deposited in: Federal Reserve Account: Directly 265 2,184 14,563 Collector Depositaries 3,246 20,483 201,923 Tax and Loan Accounts 8,367 65,296 609,511 Inter-agency Transfers 56 3,346 24,487 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 55 $ 511 $ 11,390 $ 50,127 Deposits: Taxes Received (Table IV) 9 96 8,261 8,367 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 55 510 16,409 16,974 Depositary Initiated 0 11 3,242 3,253 Special Direct Investment 0 0 0 12,372 Term Investment 0 0 0 25,200 Repo Investment 0 0 0 600 Closing Balance Today 8 86 0 94 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday February 15, 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 $ 22,999 $ 55,363 $ 78,105 Business 415 4,631 28,391 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.