1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday February 20, 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 $ 4,525 $ 5,241 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 2,514 12,241 64,498 69,698 Total Operating Balance 7,039 17,482 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday February 20, 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) 29 278 2,288 Commodity Credit Corporation programs 53 638 4,298 Customs and Certain Excise Taxes 125 1,218 13,059 Deposits by States: Supplemental Security Income 0 2 1,583 Unemployment 47 2,530 8,528 Education Department programs 52 735 5,612 Energy Department programs 26 243 2,473 Estate and Gift Taxes 124 1,253 10,674 Federal Reserve Earnings 409 1,749 13,594 Foreign Deposits, Military Sales 4 1,396 6,583 FTD's Received (Table IV) 1,362 26,744 220,563 Housing and Urban Development programs 25 289 2,114 Individual Income and Employment Taxes, Not Withheld 222 3,080 103,526 Interest recd from T&L Depositaries 1 33 380 Justice Department programs 15 519 1,759 Postal Service 549 5,578 41,362 Public Debt Cash Issues (Table III-B) 466 258,954 1,822,356 Other Deposits: Air Transport Security Fees 1 8 751 Gas and Oil Lease Sales Proceeds 110 1,429 2,819 Minerals Management Svc/Collections 170 202 4,086 Thrift Savings Plan Transfer 184 649 9,126 Total Other Deposits 465 2,525 20,977 Change in Balance of Uncollected Funds (closing balance $ 230) -193 -90 -71 Transfers from Depositaries 12,661 251,922 1,296,137 Total Federal Reserve Account 16,441 559,597 3,577,793 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,581 87,310 631,525 Transfers from Federal Reserve Account (Table V) 352 102,627 597,427 Total Tax and Loan Note Accounts (Table V) 2,933 189,937 1,228,952 Total Deposits (excluding transfers) 6,362 394,984 2,913,182 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday February 20, 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 62 987 18,397 Defense Vendor Payments (EFT) 2,430 16,506 129,112 Education Department programs 452 7,047 39,762 Energy Department programs 175 1,282 10,795 Federal Employees Insurance Payments 268 2,825 21,739 Fed. Highway Administration programs 77 1,275 12,704 Federal Salaries (EFT) 199 6,868 59,811 Food and Nutrition Service (misc) 143 2,351 15,157 Food Stamps 39 1,278 8,269 GSA programs 40 883 6,250 Health and Human Services Grants (misc) 414 4,336 30,238 Housing and Urban Development programs 104 3,716 22,633 Interest on Treasury Securities 3 27,405 81,139 Justice Department programs 36 613 4,916 Labor Dept. prgms (excl. unemployment) 43 703 4,957 Medicaid 546 10,781 76,559 Medicare 2,246 27,209 168,442 NASA programs 37 698 5,520 Postal Service Money Orders and Other 156 2,567 19,392 Public Debt Cash Redemp. (Table III-B) 153 203,814 1,710,243 Social Security Benefits (EFT) 6,087 34,489 194,334 Temporary Assistance for Needy Families (HHS) 44 948 7,037 Unemployment Insurance Benefits 241 2,390 14,318 Veterans Affairs programs 52 1,508 10,102 Other Withdrawals: Agency for Internat'l Development 51 499 3,843 Federal Transit Admin. 50 174 1,513 Interior 66 697 4,582 IRS Tax Refunds Business (EFT) 72 3,457 16,063 IRS Tax Refunds Individual (EFT) 1,724 55,791 65,488 Transportation Security Admin. (DHS) 12 102 832 Unclassified 783 15,423 108,948 Total, Other Withdrawals 2,759 95,737 309,556 Transfers to Depositaries 352 102,627 597,427 Total Federal Reserve Account 17,157 560,845 3,578,807 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,661 251,922 1,296,137 Total Withdrawals (excluding transfers) 16,805 458,218 2,981,381 Net Change in Operating Cash Balance -10,444 -63,233 -68,199 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday February 20, 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 0 173,463 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 -11 -117 4,233 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 152 1,457 Interest Increment 0 573 2,971 Government Account Series 153,266 1,895,512 13,899,554 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 380 4,150 27,084 Other 79 1,301 8,745 Total Issues 153,721 2,156,525 15,741,995 (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 61 763 5,947 Government Account Series 150,767 1,896,258 13,745,365 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 13 7,302 40,298 Other 79 1,327 9,460 Total Redemptions 150,920 2,100,072 15,455,187 Net Change in Public Debt Outstanding 2,801 56,453 286,808 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday February 20, 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) 153,721 2,156,525 15,741,995 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 (-) 153,266 1,895,512 13,899,133 Interest Increment on United States Savings Securities (-) 0 573 2,971 Inflation-Protected Securities Increment -11 -117 4,003 Total Public Debt Cash Issues Deposited in Federal Reserve Account 466 258,954 1,822,356 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 150,920 2,100,072 15,455,187 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 (-) 150,767 1,896,258 13,744,944 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 153 203,814 1,710,243 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday February 20, 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 $ 5,190,800 $ 5,190,250 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,103,661 4,101,410 4,105,743 3,958,348 Total Public Debt Outstanding 9,294,461 9,291,661 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 500 502 Unamortized Discount 67,731 67,831 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 53 52 52 69 Total Public Debt Subject to Limit 9,212,283 9,209,381 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 $197 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday February 20, 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 $ 3,864 $ 108,757 $ 727,051 Individual Income Taxes 29 232 3,292 Railroad Retirement Taxes 5 334 1,871 Excise Taxes 11 2,637 22,907 Corporation Income Taxes 64 4,161 118,015 Federal Unemployment Taxes 7 312 2,181 Estate and Gift Taxes & Misc IRS Rcpts. 1 38 288 Change in Balance of Unclassified Taxes -14 1,008 1,050 Total 3,967 117,480 876,655 These Receipts were deposited in: Federal Reserve Account: Directly 84 2,311 14,690 Collector Depositaries 1,278 24,433 205,873 Tax and Loan Accounts 2,581 87,310 631,525 Inter-agency Transfers 24 3,426 24,567 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 22 $ 231 $ 5,825 $ 12,241 Deposits: Taxes Received (Table IV) 9 72 2,501 2,581 Transfers to Depositaries 0 1 151 152 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 200 Withdrawals: Treasury Initiated 0 0 6,019 6,019 Depositary Initiated 2 28 450 479 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,063 Repo Investment 0 0 0 1,100 Closing Balance Today 29 277 2,008 2,514 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday February 20, 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 $ 1,726 $ 59,383 $ 82,125 Business 120 5,294 29,054 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.