1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday February 26, 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 $ 4,758 $ 5,071 $ 5,773 $ 5,539 Tax and Loan Note Accounts (Table V) 3,182 11,119 64,498 69,698 Total Operating Balance 7,940 16,190 70,272 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday February 26, 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) 19 347 2,357 Commodity Credit Corporation programs 57 842 4,501 Customs and Certain Excise Taxes 80 2,432 14,273 Deposits by States: Supplemental Security Income 1 4 1,585 Unemployment 20 2,654 8,652 Education Department programs 45 995 5,871 Energy Department programs 71 414 2,644 Estate and Gift Taxes 79 1,690 11,110 Federal Reserve Earnings 0 1,749 13,594 Foreign Deposits, Military Sales 5 1,446 6,634 FTD's Received (Table IV) 628 34,025 227,844 Housing and Urban Development programs 18 358 2,183 Individual Income and Employment Taxes, Not Withheld 275 4,194 104,639 Interest recd from T&L Depositaries 2 39 387 Justice Department programs 18 568 1,808 Postal Service 453 7,185 42,969 Public Debt Cash Issues (Table III-B) 424 347,062 1,910,464 Other Deposits: Air Transport Security Fees 1 10 753 Gas and Oil Lease Sales Proceeds 92 1,718 3,108 Thrift Savings Plan Transfer 54 798 9,274 Total Other Deposits 147 3,932 22,384 Change in Balance of Uncollected Funds (closing balance $ 110) -85 30 49 Transfers from Depositaries 10,465 302,858 1,347,073 Total Federal Reserve Account 12,723 712,825 3,731,021 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,719 108,400 652,616 Transfers from Federal Reserve Account (Table V) 809 133,142 627,941 Total Tax and Loan Note Accounts (Table V) 2,529 241,542 1,280,557 Total Deposits (excluding transfers) 3,977 518,367 3,036,564 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday February 26, 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 52 1,273 18,684 Defense Vendor Payments (EFT) 1,725 22,283 134,889 Education Department programs 363 8,624 41,339 Energy Department programs 108 1,722 11,234 Federal Employees Insurance Payments 248 3,585 22,500 Fed. Highway Administration programs 139 1,811 13,241 Federal Salaries (EFT) 435 11,341 64,285 Food and Nutrition Service (misc) 83 2,856 15,662 Food Stamps 41 1,506 8,497 GSA programs 32 1,094 6,461 Health and Human Services Grants (misc) 307 5,526 31,428 Housing and Urban Development programs 93 4,184 23,102 Interest on Treasury Securities 7 27,418 81,152 Justice Department programs 66 852 5,155 Labor Dept. prgms (excl. unemployment) 71 905 5,159 Medicaid 648 13,576 79,353 Medicare 1,413 32,915 174,147 NASA programs 160 1,014 5,836 Postal Service Money Orders and Other 170 3,420 20,245 Public Debt Cash Redemp. (Table III-B) 152 270,357 1,776,786 Social Security Benefits (EFT) 27 34,646 194,491 Temporary Assistance for Needy Families (HHS) 41 1,199 7,288 Unemployment Insurance Benefits 225 3,090 15,018 Veterans Affairs programs 91 1,891 10,486 Other Withdrawals: Agriculture Loan Payments (misc) 57 57 299 Federal Crop Ins. Corp. 400 400 516 Interior 61 897 4,782 IRS Tax Refunds Business (EFT) 1,938 5,576 18,182 IRS Tax Refunds Individual (EFT) 1,396 75,385 85,082 Transportation Security Admin. (DHS) 7 122 852 U.S. District Courts (net) 301 1 -173 USDA: Forest Service 82 166 1,290 Unclassified 1,286 20,546 114,071 Total, Other Withdrawals 5,528 123,606 337,425 Transfers to Depositaries 809 133,142 627,941 Total Federal Reserve Account 13,036 713,840 3,731,802 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,465 302,858 1,347,073 Total Withdrawals (excluding transfers) 12,226 580,698 3,103,861 Net Change in Operating Cash Balance -8,249 -62,331 -67,297 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday February 26, 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 0 261,154 1,477,445 Cash Management Series 0 49,000 102,000 Notes 0 19,194 272,943 Bonds 0 13,294 29,836 Inflation-Protected Securities Increment -12 -183 4,167 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 198 1,504 Interest Increment 1 575 2,973 Government Account Series 153,067 2,492,483 14,496,525 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 333 4,585 27,519 Other 81 1,733 9,177 Total Issues 153,479 2,842,034 16,427,504 (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 54 958 6,142 Government Account Series 147,477 2,483,003 14,332,110 Domestic Series 0 0 516 Foreign Series 0 0 0 State and Local Series 16 7,398 40,394 Other 82 1,887 10,020 Total Redemptions 147,629 2,753,359 16,108,475 Net Change in Public Debt Outstanding 5,850 88,674 319,029 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday February 26, 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) 153,479 2,842,034 16,427,504 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 (-) 153,067 2,492,483 14,496,104 Interest Increment on United States Savings Securities (-) 1 575 2,973 Inflation-Protected Securities Increment -12 -183 3,937 Total Public Debt Cash Issues Deposited in Federal Reserve Account 424 347,062 1,910,464 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 147,629 2,753,359 16,108,475 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 (-) 147,477 2,483,003 14,331,689 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 152 270,357 1,776,786 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday February 26, 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 $ 5,212,963 $ 5,212,482 $ 5,132,265 $ 5,049,306 Intragovernmental Holdings 4,113,720 4,108,350 4,105,743 3,958,348 Total Public Debt Outstanding 9,326,683 9,320,832 9,238,008 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 500 502 Unamortized Discount 67,082 67,726 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 9,245,154 9,238,660 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 Tuesday February 26, 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 $ 3,174 $ 138,942 $ 757,236 Individual Income Taxes 18 290 3,349 Railroad Retirement Taxes 24 427 1,964 Excise Taxes 24 2,843 23,114 Corporation Income Taxes 52 4,368 118,222 Federal Unemployment Taxes 5 339 2,208 Estate and Gift Taxes & Misc IRS Rcpts. 1 53 303 Change in Balance of Unclassified Taxes -323 119 160 Total 2,974 147,381 906,556 These Receipts were deposited in: Federal Reserve Account: Directly 51 2,590 14,968 Collector Depositaries 577 31,436 212,876 Tax and Loan Accounts 1,719 108,400 652,616 Inter-agency Transfers 627 4,955 26,096 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 17 $ 159 $ 1,442 $ 11,119 Deposits: Taxes Received (Table IV) 3 28 1,688 1,719 Transfers to Depositaries 1 23 786 809 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 8 957 965 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 9,500 Repo Investment 0 0 0 0 Closing Balance Today 21 203 2,959 3,182 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday February 26, 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 $ 1,401 $ 81,971 $ 104,713 Business 2,252 7,800 31,559 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.