1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 06, 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 $ 5,590 $ 4,794 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 26,894 18,172 6,603 69,698 Total Operating Balance 32,484 22,966 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 06, 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) 16 81 2,550 Commodity Credit Corporation programs 46 206 4,861 Customs and Certain Excise Taxes 70 367 14,909 Deposits by States: Supplemental Security Income 0 0 1,972 Unemployment 13 69 8,817 Education Department programs 75 221 6,269 Energy Department programs 6 97 2,906 Estate and Gift Taxes 142 669 12,100 Federal Reserve Earnings 0 936 14,843 Foreign Deposits, Military Sales 5 713 7,370 FTD's Received (Table IV) 652 8,751 243,078 Housing and Urban Development programs 23 89 2,342 Individual Income and Employment Taxes, Not Withheld 548 2,376 108,011 Interest recd from T&L Depositaries 2 4 393 Justice Department programs 9 37 1,872 Postal Service 437 1,880 45,968 Public Debt Cash Issues (Table III-B) 92,981 123,977 2,184,348 Other Deposits: Medicare Premiums 184 270 8,155 Total Other Deposits 184 841 25,103 Change in Balance of Uncollected Funds (closing balance $ 124) 46 18 35 Transfers from Depositaries 3,611 49,960 1,422,332 Total Federal Reserve Account 98,867 191,291 4,110,081 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,348 31,815 696,653 Transfers from Federal Reserve Account (Table V) 9,986 38,436 682,874 Total Tax and Loan Note Accounts (Table V) 12,334 70,251 1,379,527 Total Deposits (excluding transfers) 97,603 173,146 3,384,403 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 06, 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 33 193 19,042 Defense Vendor Payments (EFT) 1,124 4,567 144,364 Education Department programs 173 1,110 43,828 Energy Department programs 87 275 12,066 Federal Employees Insurance Payments 197 751 24,267 Fed. Highway Administration programs 33 422 13,904 Federal Salaries (EFT) 88 1,000 66,367 Food and Nutrition Service (misc) 128 643 16,614 Food Stamps 66 326 8,949 GSA programs 94 526 7,170 Health and Human Services Grants (misc) 261 1,218 34,103 Housing and Urban Development programs 107 2,583 26,051 Interest on Treasury Securities 2 500 85,428 Justice Department programs 30 152 5,438 Labor Dept. prgms (excl. unemployment) 48 154 5,486 Medicaid 1,297 3,387 85,248 Medicare 1,145 4,714 193,862 NASA programs 132 273 6,212 Postal Service Money Orders and Other 179 769 21,640 Public Debt Cash Redemp. (Table III-B) 79,438 82,578 1,962,861 Social Security Benefits (EFT) 50 21,865 222,600 Temporary Assistance for Needy Families (HHS) 23 201 7,969 Unemployment Insurance Benefits 143 754 16,222 Veterans Affairs programs 218 531 11,264 Other Withdrawals: Federal Crop Ins. Corp. 204 928 1,800 HHS: Indian Health Service 232 245 866 IRS Tax Refunds Individual (EFT) 434 1,822 99,907 Thrift Savings Plan Transfer 55 138 8,580 Transportation Security Admin. (DHS) 4 30 919 Unclassified 2,060 9,826 127,734 Total, Other Withdrawals 2,989 22,197 386,202 Transfers to Depositaries 9,986 38,436 682,874 Total Federal Reserve Account 98,071 190,125 4,110,030 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,611 49,960 1,422,332 Total Withdrawals (excluding transfers) 88,084 151,689 3,427,156 Net Change in Operating Cash Balance 9,518 21,457 -42,753 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 06, 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 93,065 93,065 1,662,244 Cash Management Series 0 30,000 142,001 Notes 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 367 4,502 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 73 1,784 Interest Increment 0 555 3,529 Government Account Series 146,530 601,789 15,546,176 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 173 881 29,872 Other 179 436 9,969 Total Issues 240,034 727,165 17,752,954 (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 79,066 79,066 1,592,934 Notes 0 0 297,528 Bonds 0 0 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 55 237 6,510 Government Account Series 145,999 607,616 15,403,143 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 147 2,841 43,424 Other 171 435 10,802 Total Redemptions 225,438 690,194 17,365,585 Net Change in Public Debt Outstanding 14,596 36,971 387,369 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 06, 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) 240,034 727,165 17,752,954 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 447 476 14,708 Bonds and Notes (-) 0 0 952 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,530 601,789 15,545,755 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 76 367 4,272 Total Public Debt Cash Issues Deposited in Federal Reserve Account 92,981 123,977 2,184,348 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 225,438 690,194 17,365,585 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 (-) 145,999 607,616 15,402,725 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 79,438 82,578 1,962,861 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 06, 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 $ 5,302,410 $ 5,288,774 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,092,612 4,091,653 4,098,247 3,958,348 Total Public Debt Outstanding 9,395,022 9,380,426 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,802 67,456 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 9,312,774 9,298,525 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 Thursday March 06, 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 $ 3,044 $ 41,183 $ 815,596 Individual Income Taxes 10 105 3,511 Railroad Retirement Taxes 10 112 2,103 Excise Taxes 10 34 25,534 Corporation Income Taxes 116 304 118,718 Federal Unemployment Taxes 2 16 2,240 Estate and Gift Taxes & Misc IRS Rcpts. 7 12 319 Change in Balance of Unclassified Taxes 100 244 175 Total 3,299 42,009 968,195 These Receipts were deposited in: Federal Reserve Account: Directly 80 269 15,980 Collector Depositaries 572 8,482 227,098 Tax and Loan Accounts 2,348 31,815 696,653 Inter-agency Transfers 300 1,444 28,464 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 29 $ 138 $ 3,403 $ 18,172 Deposits: Taxes Received (Table IV) 2 24 2,322 2,348 Transfers to Depositaries 0 1 76 76 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 9,910 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 2,554 2,554 Depositary Initiated 0 3 1,054 1,057 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 31 159 2,193 26,894 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday March 06, 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 $ 638 $ 2,743 $ 123,644 Business 84 1,201 33,050 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.