1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 05, 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 $ 4,794 $ 5,327 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 18,172 15,818 6,603 69,698 Total Operating Balance 22,966 21,146 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 05, 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) 15 65 2,534 Commodity Credit Corporation programs 48 160 4,815 Customs and Certain Excise Taxes 111 297 14,839 Deposits by States: Supplemental Security Income 0 0 1,972 Unemployment 15 56 8,803 Education Department programs 47 145 6,194 Energy Department programs 17 91 2,900 Estate and Gift Taxes 230 527 11,959 Federal Reserve Earnings 936 936 14,843 Foreign Deposits, Military Sales 45 708 7,364 FTD's Received (Table IV) 4,106 8,099 242,426 Housing and Urban Development programs 13 66 2,319 Individual Income and Employment Taxes, Not Withheld 1,120 1,828 107,463 Interest recd from T&L Depositaries 1 1 390 Justice Department programs 11 28 1,863 Postal Service 466 1,444 45,531 Public Debt Cash Issues (Table III-B) 170 30,997 2,091,368 Other Deposits: Air Transport Security Fees 6 15 966 Thrift Savings Plan Transfer 58 66 9,500 Total Other Deposits 64 657 24,919 Change in Balance of Uncollected Funds (closing balance $ 170) 74 -29 -11 Transfers from Depositaries 11,286 46,348 1,418,720 Total Federal Reserve Account 18,774 92,424 4,011,214 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,536 29,467 694,306 Transfers from Federal Reserve Account (Table V) 9,103 28,450 672,888 Total Tax and Loan Note Accounts (Table V) 13,639 57,917 1,367,193 Total Deposits (excluding transfers) 12,024 75,543 3,286,800 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 05, 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 58 160 19,009 Defense Vendor Payments (EFT) 1,316 3,443 143,239 Education Department programs 259 936 43,655 Energy Department programs 58 188 11,980 Federal Employees Insurance Payments 197 553 24,070 Fed. Highway Administration programs 115 389 13,871 Federal Salaries (EFT) 447 912 66,279 Food and Nutrition Service (misc) 180 515 16,486 Food Stamps 66 260 8,883 GSA programs 42 432 7,076 Health and Human Services Grants (misc) 291 958 33,842 Housing and Urban Development programs 178 2,476 25,944 Interest on Treasury Securities 2 498 85,426 Justice Department programs 73 122 5,408 Labor Dept. prgms (excl. unemployment) 32 106 5,438 Medicaid 685 2,090 83,951 Medicare 1,529 3,569 192,716 NASA programs 72 141 6,079 Postal Service Money Orders and Other 192 590 21,461 Public Debt Cash Redemp. (Table III-B) 143 3,140 1,883,423 Social Security Benefits (EFT) 50 21,816 222,550 Temporary Assistance for Needy Families (HHS) 35 179 7,946 Unemployment Insurance Benefits 194 612 16,080 Veterans Affairs programs 79 313 11,046 Other Withdrawals: Emergency Prep & Response (DHS) 50 121 4,078 Federal Crop Ins. Corp. 344 723 1,595 IRS Tax Refunds Individual (EFT) 221 1,388 99,473 State Department 110 110 2,093 Transportation Security Admin. (DHS) 9 26 915 Unclassified 3,178 7,766 125,674 Total, Other Withdrawals 3,913 19,208 383,213 Transfers to Depositaries 9,103 28,450 672,888 Total Federal Reserve Account 19,307 92,055 4,011,959 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,286 46,348 1,418,720 Total Withdrawals (excluding transfers) 10,204 63,605 3,339,071 Net Change in Operating Cash Balance 1,820 11,938 -52,272 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 05, 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 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 292 4,426 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 62 1,774 Interest Increment 0 554 3,528 Government Account Series 143,402 455,259 15,399,645 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 76 708 29,699 Other 83 258 9,791 Total Issues 143,648 487,131 17,512,921 (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 58 182 6,455 Government Account Series 142,622 461,617 15,257,143 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 1 2,694 43,277 Other 84 264 10,631 Total Redemptions 142,765 464,756 17,140,148 Net Change in Public Debt Outstanding 883 22,375 372,773 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 05, 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) 143,648 487,131 17,512,921 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 (-) 143,402 455,259 15,399,224 Interest Increment on United States Savings Securities (-) 0 554 3,528 Inflation-Protected Securities Increment 76 292 4,196 Total Public Debt Cash Issues Deposited in Federal Reserve Account 170 30,997 2,091,368 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 142,765 464,756 17,140,148 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 (-) 142,622 461,617 15,256,725 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 143 3,140 1,883,423 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 05, 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 $ 5,288,774 $ 5,288,507 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,091,653 4,091,037 4,098,247 3,958,348 Total Public Debt Outstanding 9,380,426 9,379,544 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,456 67,556 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 9,298,525 9,297,542 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday March 05, 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 $ 8,545 $ 38,139 $ 812,552 Individual Income Taxes 22 94 3,501 Railroad Retirement Taxes 4 102 2,093 Excise Taxes 8 24 25,524 Corporation Income Taxes 43 188 118,602 Federal Unemployment Taxes 5 14 2,237 Estate and Gift Taxes & Misc IRS Rcpts. 1 5 312 Change in Balance of Unclassified Taxes 28 144 75 Total 8,657 38,710 964,896 These Receipts were deposited in: Federal Reserve Account: Directly 60 189 15,900 Collector Depositaries 4,046 7,910 226,526 Tax and Loan Accounts 4,536 29,467 694,306 Inter-agency Transfers 15 1,144 28,164 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 22 $ 37 $ 3,160 $ 15,818 Deposits: Taxes Received (Table IV) 8 77 4,451 4,536 Transfers to Depositaries 1 33 1,070 1,103 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 8,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,160 3,160 Depositary Initiated 1 10 2,117 2,128 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,998 Repo Investment 0 0 0 1,000 Closing Balance Today 29 138 3,403 18,172 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday March 05, 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 $ 471 $ 2,105 $ 123,007 Business 98 1,117 32,966 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.