1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday March 04, 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 $ 5,327 $ 5,504 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 15,818 20,435 6,603 69,698 Total Operating Balance 21,146 25,938 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday March 04, 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) 20 50 2,519 Commodity Credit Corporation programs 50 112 4,767 Customs and Certain Excise Taxes 99 187 14,729 Deposits by States: Supplemental Security Income 0 0 1,972 Unemployment 18 41 8,788 Education Department programs 55 98 6,146 Energy Department programs 13 74 2,883 Estate and Gift Taxes 242 297 11,728 Federal Reserve Earnings 0 0 13,908 Foreign Deposits, Military Sales 4 663 7,320 FTD's Received (Table IV) 858 3,994 238,321 Housing and Urban Development programs 29 53 2,306 Individual Income and Employment Taxes, Not Withheld 404 708 106,343 Interest recd from T&L Depositaries 0 0 389 Justice Department programs 7 17 1,852 Postal Service 567 978 45,066 Public Debt Cash Issues (Table III-B) 436 30,827 2,091,198 Other Deposits: Air Transport Security Fees 6 10 960 Total Other Deposits 6 593 24,856 Change in Balance of Uncollected Funds (closing balance $ 244) -216 -103 -85 Transfers from Depositaries 12,296 35,062 1,407,434 Total Federal Reserve Account 14,887 73,650 3,992,440 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,969 24,931 689,770 Transfers from Federal Reserve Account (Table V) 5,711 19,346 663,784 Total Tax and Loan Note Accounts (Table V) 7,680 44,278 1,353,554 Total Deposits (excluding transfers) 4,560 63,519 3,274,776 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday March 04, 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 33 102 18,951 Defense Vendor Payments (EFT) 1,572 2,127 141,924 Education Department programs 281 678 43,396 Energy Department programs 72 130 11,922 Federal Employees Insurance Payments 212 357 23,873 Fed. Highway Administration programs 214 273 13,756 Federal Salaries (EFT) 132 465 65,832 Food and Nutrition Service (misc) 126 335 16,306 Food Stamps 84 194 8,817 GSA programs 27 391 7,034 Health and Human Services Grants (misc) 296 667 33,551 Housing and Urban Development programs 165 2,298 25,766 Interest on Treasury Securities 2 497 85,425 Justice Department programs 34 49 5,335 Labor Dept. prgms (excl. unemployment) 27 74 5,407 Medicaid 561 1,405 83,266 Medicare 908 2,040 191,188 NASA programs 51 68 6,007 Postal Service Money Orders and Other 188 398 21,270 Public Debt Cash Redemp. (Table III-B) 147 2,996 1,883,279 Social Security Benefits (EFT) 35 21,766 222,500 Temporary Assistance for Needy Families (HHS) 82 144 7,912 Unemployment Insurance Benefits 244 417 15,885 Veterans Affairs programs 79 234 10,967 Other Withdrawals: Emergency Prep & Response (DHS) 50 71 4,028 Federal Crop Ins. Corp. 379 379 1,251 Interior 60 109 5,098 IRS Tax Refunds Business (EFT) 78 541 18,762 IRS Tax Refunds Individual (EFT) 476 1,191 99,276 Thrift Savings Plan Transfer 51 67 8,509 Transportation Security Admin. (DHS) 16 17 906 Unclassified 2,670 4,588 122,497 Total, Other Withdrawals 3,781 15,296 379,300 Transfers to Depositaries 5,711 19,346 663,784 Total Federal Reserve Account 15,063 72,747 3,992,652 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,296 35,062 1,407,434 Total Withdrawals (excluding transfers) 9,352 53,401 3,328,868 Net Change in Operating Cash Balance -4,793 10,118 -54,092 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday March 04, 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 -1 1,569,179 Cash Management Series 0 30,000 142,001 Notes -1 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 75 216 4,351 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 30 52 1,764 Interest Increment 0 554 3,528 Government Account Series 153,894 311,857 15,256,243 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 323 632 29,623 Other 85 174 9,707 Total Issues 154,406 343,484 17,369,273 (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 0 1,513,868 Notes 0 0 297,528 Bonds 0 0 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 60 124 6,397 Government Account Series 143,189 318,995 15,114,522 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 0 2,692 43,276 Other 86 180 10,547 Total Redemptions 143,336 321,991 16,997,383 Net Change in Public Debt Outstanding 11,070 21,493 371,891 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday March 04, 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) 154,406 343,484 17,369,273 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 30 14,261 Bonds and Notes (-) 0 0 952 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 153,894 311,857 15,255,822 Interest Increment on United States Savings Securities (-) 0 554 3,528 Inflation-Protected Securities Increment 75 216 4,121 Total Public Debt Cash Issues Deposited in Federal Reserve Account 436 30,827 2,091,198 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 143,336 321,991 16,997,383 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 (-) 143,189 318,995 15,114,103 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 147 2,996 1,883,279 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday March 04, 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/ $ 5,288,507 $ 5,288,162 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,091,037 4,080,312 4,098,247 3,958,348 Total Public Debt Outstanding 9,379,544 9,368,474 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,556 67,657 67,922 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 53 69 Total Public Debt Subject to Limit 9,297,542 9,286,371 9,275,683 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 $838 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday March 04, 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 $ 3,003 $ 29,594 $ 804,007 Individual Income Taxes 28 73 3,479 Railroad Retirement Taxes 10 98 2,089 Excise Taxes 7 16 25,515 Corporation Income Taxes 75 144 118,559 Federal Unemployment Taxes 4 8 2,232 Estate and Gift Taxes & Misc IRS Rcpts. 1 4 311 Change in Balance of Unclassified Taxes 40 116 47 Total 3,169 30,054 956,239 These Receipts were deposited in: Federal Reserve Account: Directly 80 129 15,840 Collector Depositaries 777 3,864 222,480 Tax and Loan Accounts 1,969 24,931 689,770 Inter-agency Transfers 342 1,129 28,149 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 18 $ 271 $ 7,748 $ 20,435 Deposits: Taxes Received (Table IV) 4 37 1,928 1,969 Transfers to Depositaries 0 2 108 110 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,601 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 271 6,171 6,442 Depositary Initiated 0 1 452 454 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,400 Repo Investment 0 0 0 0 Closing Balance Today 22 37 3,160 15,818 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday March 04, 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 $ 749 $ 1,658 $ 122,560 Business 537 1,020 32,869 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.