1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday February 19, 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 $ 5,241 $ 2,992 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 12,241 94 64,498 69,698 Total Operating Balance 17,482 3,086 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday February 19, 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) 14 250 2,259 Commodity Credit Corporation programs 42 585 4,245 Customs and Certain Excise Taxes 88 1,092 12,934 Deposits by States: Supplemental Security Income 0 1 1,583 Unemployment 39 2,483 8,481 Education Department programs 34 683 5,559 Energy Department programs 15 217 2,447 Estate and Gift Taxes 61 1,129 10,549 Federal Reserve Earnings 0 1,340 13,185 Foreign Deposits, Military Sales 142 1,392 6,579 FTD's Received (Table IV) 2,715 25,383 219,201 Housing and Urban Development programs 28 264 2,089 Individual Income and Employment Taxes, Not Withheld 191 2,858 103,303 Interest recd from T&L Depositaries 0 32 380 Justice Department programs 7 504 1,744 Postal Service 432 5,029 40,813 Public Debt Cash Issues (Table III-B) 394 258,488 1,821,890 Other Deposits: Defense Finance & Accounting Service 58 391 3,103 Gas and Oil Lease Sales Proceeds 106 1,318 2,708 Total Other Deposits 165 2,060 20,512 Change in Balance of Uncollected Funds (closing balance $ 37) 282 104 122 Transfers from Depositaries 15,430 239,261 1,283,476 Total Federal Reserve Account 20,079 543,155 3,561,352 Tax and Loan Note Accounts: FTD's Received (Table IV) 19,433 84,728 628,944 Transfers from Federal Reserve Account (Table V) 8,144 102,276 597,075 Total Tax and Loan Note Accounts (Table V) 27,577 187,004 1,226,019 Total Deposits (excluding transfers) 24,082 388,623 2,906,820 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday February 19, 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 133 925 18,335 Defense Vendor Payments (EFT) 1,177 14,076 126,682 Education Department programs 389 6,595 39,310 Energy Department programs 104 1,108 10,620 Federal Employees Insurance Payments 160 2,557 21,471 Fed. Highway Administration programs 280 1,198 12,628 Federal Salaries (EFT) 73 6,669 59,612 Food and Nutrition Service (misc) 296 2,208 15,014 Food Stamps 216 1,239 8,230 GSA programs 31 843 6,210 Health and Human Services Grants (misc) 240 3,922 29,824 Housing and Urban Development programs 121 3,612 22,529 Interest on Treasury Securities 2 27,402 81,136 Justice Department programs 48 577 4,880 Labor Dept. prgms (excl. unemployment) 59 660 4,914 Medicaid 725 10,235 76,012 Medicare 1,241 24,963 166,196 NASA programs 55 661 5,484 Postal Service Money Orders and Other 258 2,411 19,236 Public Debt Cash Redemp. (Table III-B) 152 203,661 1,710,090 Social Security Benefits (EFT) 41 28,402 188,247 Temporary Assistance for Needy Families (HHS) 24 905 6,993 Unemployment Insurance Benefits 254 2,149 14,077 Veterans Affairs programs 192 1,456 10,050 Other Withdrawals: Federal Financing Bank (net) 140 183 -615 IRS Tax Refunds Individual (EFT) 2,266 54,091 63,787 Transportation Security Admin. (DHS) 13 90 820 Unclassified 993 14,641 108,165 Total, Other Withdrawals 3,413 92,978 306,797 Transfers to Depositaries 8,144 102,276 597,075 Total Federal Reserve Account 17,830 543,688 3,561,650 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 15,430 239,261 1,283,476 Total Withdrawals (excluding transfers) 9,686 441,412 2,964,575 Net Change in Operating Cash Balance 14,396 -52,790 -57,755 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday February 19, 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 -2 173,463 1,389,754 Cash Management Series 0 49,000 102,000 Notes 0 19,194 272,943 Bonds 0 13,295 29,836 Inflation-Protected Securities Increment -43 -106 4,244 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 144 1,450 Interest Increment 0 573 2,971 Government Account Series 146,703 1,742,246 13,746,288 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 301 3,771 26,705 Other 84 1,223 8,667 Total Issues 147,054 2,002,804 15,588,274 (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 0 64,958 271,024 Bonds 0 1 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 62 701 5,886 Government Account Series 144,484 1,745,490 13,594,598 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 1 7,289 40,285 Other 89 1,247 9,381 Total Redemptions 144,636 1,949,151 15,304,267 Net Change in Public Debt Outstanding 2,418 53,652 284,007 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday February 19, 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) 147,054 2,002,804 15,588,274 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,248 13,218 Bonds and Notes (-) 0 354 923 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,703 1,742,246 13,745,867 Interest Increment on United States Savings Securities (-) 0 573 2,971 Inflation-Protected Securities Increment -43 -106 4,014 Total Public Debt Cash Issues Deposited in Federal Reserve Account 394 258,488 1,821,890 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,636 1,949,151 15,304,267 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 (-) 144,484 1,745,490 13,594,177 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 152 203,661 1,710,090 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday February 19, 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/ $ 5,190,250 $ 5,190,042 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,101,410 4,099,200 4,105,743 3,958,348 Total Public Debt Outstanding 9,291,661 9,289,242 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 67,831 68,232 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 9,209,381 9,206,562 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 $947 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday February 19, 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 $ 21,341 $ 104,894 $ 723,188 Individual Income Taxes 17 204 3,263 Railroad Retirement Taxes 80 329 1,866 Excise Taxes 9 2,626 22,897 Corporation Income Taxes 108 4,097 117,951 Federal Unemployment Taxes 6 305 2,174 Estate and Gift Taxes & Misc IRS Rcpts. 2 37 287 Change in Balance of Unclassified Taxes 641 1,022 1,063 Total 22,204 113,513 872,688 These Receipts were deposited in: Federal Reserve Account: Directly 43 2,228 14,606 Collector Depositaries 2,672 23,155 204,595 Tax and Loan Accounts 19,433 84,728 628,944 Inter-agency Transfers 56 3,402 24,543 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 8 $ 86 $ 0 $ 94 Deposits: Taxes Received (Table IV) 12 94 19,326 19,433 Transfers to Depositaries 3 68 1,910 1,981 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,063 Repo Investment 0 0 0 1,100 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 17 15,411 15,430 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 22 231 5,825 12,241 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday February 19, 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 $ 2,344 $ 57,681 $ 80,422 Business 543 5,174 28,934 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.