1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday February 22, 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 $ 4,390 $ 5,077 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 6,255 24,557 64,498 69,698 Total Operating Balance 10,644 29,634 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday February 22, 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) 24 314 2,324 Commodity Credit Corporation programs 49 741 4,400 Customs and Certain Excise Taxes 75 1,393 13,234 Deposits by States: Supplemental Security Income 1 2 1,584 Unemployment 30 2,598 8,596 Education Department programs 91 920 5,797 Energy Department programs 10 274 2,504 Estate and Gift Taxes 94 1,568 10,988 Federal Reserve Earnings 0 1,749 13,594 Foreign Deposits, Military Sales 17 1,420 6,607 FTD's Received (Table IV) 1,164 31,344 225,162 Housing and Urban Development programs 17 317 2,142 Individual Income and Employment Taxes, Not Withheld 209 3,732 104,177 Interest recd from T&L Depositaries 2 37 384 Justice Department programs 12 540 1,781 Postal Service 356 6,327 42,111 Public Debt Cash Issues (Table III-B) 163 346,524 1,909,926 Other Deposits: Medicare Premiums 101 1,180 7,458 Total Other Deposits 101 3,206 21,658 Change in Balance of Uncollected Funds (closing balance $ 149) 110 -9 9 Transfers from Depositaries 25,163 282,275 1,326,489 Total Federal Reserve Account 27,687 685,272 3,703,469 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,746 96,358 640,574 Transfers from Federal Reserve Account (Table V) 2,114 127,672 622,472 Total Tax and Loan Note Accounts (Table V) 6,861 224,031 1,263,045 Total Deposits (excluding transfers) 7,270 499,356 3,017,554 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday February 22, 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 56 1,130 18,540 Defense Vendor Payments (EFT) 1,345 19,222 131,828 Education Department programs 283 7,854 40,569 Energy Department programs 128 1,532 11,044 Federal Employees Insurance Payments 155 3,194 22,108 Fed. Highway Administration programs 115 1,545 12,975 Federal Salaries (EFT) 2,656 9,730 62,673 Food and Nutrition Service (misc) 131 2,612 15,418 Food Stamps 43 1,362 8,353 GSA programs 14 1,007 6,374 Health and Human Services Grants (misc) 289 4,971 30,873 Housing and Urban Development programs 168 3,992 22,909 Interest on Treasury Securities 2 27,409 81,143 Justice Department programs 44 687 4,989 Labor Dept. prgms (excl. unemployment) 47 789 5,043 Medicaid 524 12,315 78,092 Medicare 1,446 30,277 171,509 NASA programs 87 819 5,642 Postal Service Money Orders and Other 172 2,894 19,719 Public Debt Cash Redemp. (Table III-B) 212 269,926 1,776,355 Social Security Benefits (EFT) 42 34,578 194,423 Temporary Assistance for Needy Families (HHS) 42 1,024 7,112 Unemployment Insurance Benefits 126 2,692 14,620 Veterans Affairs programs 118 1,687 10,281 Other Withdrawals: IRS Tax Refunds Business (EFT) 70 3,622 16,229 IRS Tax Refunds Individual (EFT) 16,686 73,120 82,816 Transportation Security Admin. (DHS) 6 109 839 Unclassified 1,250 17,970 111,494 Total, Other Withdrawals 18,012 115,735 329,554 Transfers to Depositaries 2,114 127,672 622,472 Total Federal Reserve Account 28,374 686,656 3,704,618 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 25,163 282,275 1,326,489 Total Withdrawals (excluding transfers) 26,260 558,983 3,082,146 Net Change in Operating Cash Balance -18,990 -59,627 -64,593 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday February 22, 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 0 261,156 1,477,447 Cash Management Series 0 49,000 102,000 Notes 0 19,194 272,943 Bonds 0 13,295 29,836 Inflation-Protected Securities Increment -12 -139 4,210 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 176 1,481 Interest Increment 0 574 2,972 Government Account Series 149,797 2,192,066 14,196,108 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 57 4,233 27,167 Other 93 1,568 9,012 Total Issues 149,949 2,541,121 16,126,592 (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 0 195,155 1,438,140 Notes 0 64,958 271,024 Bonds 0 1 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 44 856 6,040 Government Account Series 145,525 2,189,465 14,038,572 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 66 7,369 40,365 Other 102 1,588 9,721 Total Redemptions 145,737 2,459,391 15,814,506 Net Change in Public Debt Outstanding 4,212 81,731 312,085 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday February 22, 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) 149,949 2,541,121 16,126,592 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,743 13,713 Bonds and Notes (-) 0 354 923 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,797 2,192,066 14,195,687 Interest Increment on United States Savings Securities (-) 0 574 2,972 Inflation-Protected Securities Increment -12 -139 3,980 Total Public Debt Cash Issues Deposited in Federal Reserve Account 163 346,524 1,909,926 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,737 2,459,391 15,814,506 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 (-) 145,525 2,189,465 14,038,151 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 212 269,926 1,776,355 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday February 22, 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 $ 5,212,686 $ 5,212,638 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,107,053 4,102,889 4,105,743 3,958,348 Total Public Debt Outstanding 9,319,739 9,315,527 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 500 502 Unamortized Discount 68,026 68,125 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 53 52 69 Total Public Debt Subject to Limit 9,237,267 9,232,956 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 22, 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 $ 6,412 $ 123,045 $ 741,340 Individual Income Taxes 12 255 3,314 Railroad Retirement Taxes 9 355 1,892 Excise Taxes 34 2,694 22,964 Corporation Income Taxes 60 4,275 118,129 Federal Unemployment Taxes 12 329 2,199 Estate and Gift Taxes & Misc IRS Rcpts. 4 50 299 Change in Balance of Unclassified Taxes -232 628 669 Total 6,311 131,631 890,806 These Receipts were deposited in: Federal Reserve Account: Directly 78 2,473 14,852 Collector Depositaries 1,085 28,871 210,311 Tax and Loan Accounts 4,746 96,358 640,574 Inter-agency Transfers 401 3,929 25,070 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 10 $ 82 $ 1,570 $ 24,557 Deposits: Taxes Received (Table IV) 4 45 4,697 4,746 Transfers to Depositaries 0 1 113 114 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 4,101 4,101 Depositary Initiated 0 4 1,163 1,167 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 19,495 Repo Investment 0 0 0 400 Closing Balance Today 14 124 1,116 6,255 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday February 22, 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 $ 19,101 $ 79,524 $ 102,266 Business 76 5,475 29,235 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.