1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 07, 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 $ 4,786 $ 5,590 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 15,630 26,894 6,603 69,698 Total Operating Balance 20,416 32,484 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 07, 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) 14 94 2,564 Commodity Credit Corporation programs 41 247 4,902 Customs and Certain Excise Taxes 74 441 14,983 Deposits by States: Supplemental Security Income 0 1 1,972 Unemployment 20 89 8,836 Education Department programs 74 294 6,343 Energy Department programs 6 103 2,912 Estate and Gift Taxes 96 765 12,196 Federal Reserve Earnings 0 936 14,843 Foreign Deposits, Military Sales 119 832 7,489 FTD's Received (Table IV) 1,313 10,064 244,391 Housing and Urban Development programs 16 105 2,358 Individual Income and Employment Taxes, Not Withheld 487 2,863 108,498 Interest recd from T&L Depositaries 4 8 397 Justice Department programs 6 43 1,878 Postal Service 392 2,273 46,360 Public Debt Cash Issues (Table III-B) 110 124,088 2,184,459 Other Deposits: Total Other Deposits 0 841 25,103 Change in Balance of Uncollected Funds (closing balance $ 177) -53 -35 -18 Transfers from Depositaries 19,927 69,886 1,442,258 Total Federal Reserve Account 22,646 213,937 4,132,727 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,163 36,977 701,816 Transfers from Federal Reserve Account (Table V) 3,500 41,936 686,374 Total Tax and Loan Note Accounts (Table V) 8,663 78,913 1,388,190 Total Deposits (excluding transfers) 7,882 181,027 3,392,284 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 07, 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 53 246 19,094 Defense Vendor Payments (EFT) 1,274 5,841 145,637 Education Department programs 295 1,404 44,123 Energy Department programs 114 389 12,181 Federal Employees Insurance Payments 166 916 24,433 Fed. Highway Administration programs 223 645 14,127 Federal Salaries (EFT) 2,687 3,687 69,054 Food and Nutrition Service (misc) 182 825 16,795 Food Stamps 62 388 9,011 GSA programs 22 549 7,192 Health and Human Services Grants (misc) 371 1,590 34,474 Housing and Urban Development programs 130 2,713 26,181 Interest on Treasury Securities 2 502 85,430 Justice Department programs 50 202 5,488 Labor Dept. prgms (excl. unemployment) 62 216 5,548 Medicaid 818 4,205 86,066 Medicare 1,123 5,837 194,985 NASA programs 12 285 6,224 Postal Service Money Orders and Other 202 971 21,843 Public Debt Cash Redemp. (Table III-B) 181 82,759 1,963,042 Social Security Benefits (EFT) 45 21,910 222,645 Temporary Assistance for Needy Families (HHS) 52 254 8,021 Unemployment Insurance Benefits 119 873 16,341 Veterans Affairs programs 141 672 11,405 Other Withdrawals: Interior 62 263 5,252 IRS Tax Refunds Individual (EFT) 9,730 11,551 109,636 State Department 417 527 2,510 Transportation Security Admin. (DHS) 3 33 922 Unclassified 1,351 11,177 129,086 Total, Other Withdrawals 11,564 33,762 397,766 Transfers to Depositaries 3,500 41,936 686,374 Total Federal Reserve Account 23,450 213,575 4,133,480 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 19,927 69,886 1,442,258 Total Withdrawals (excluding transfers) 19,950 171,639 3,447,106 Net Change in Operating Cash Balance -12,068 9,388 -54,821 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday March 07, 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 -1 93,063 1,662,242 Cash Management Series 0 30,000 142,001 Notes 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 443 4,577 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 87 1,798 Interest Increment 0 555 3,529 Government Account Series 144,831 746,620 15,691,006 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 7 889 29,879 Other 91 527 10,060 Total Issues 145,017 872,182 17,897,971 (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 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 47 284 6,557 Government Account Series 145,854 753,470 15,548,997 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 40 2,881 43,464 Other 94 528 10,896 Total Redemptions 146,035 836,229 17,511,621 Net Change in Public Debt Outstanding -1,019 35,952 386,350 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 07, 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) 145,017 872,182 17,897,971 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 476 14,708 Bonds and Notes (-) 0 0 952 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 144,831 746,620 15,690,585 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 76 443 4,347 Total Public Debt Cash Issues Deposited in Federal Reserve Account 110 124,088 2,184,459 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,035 836,229 17,511,621 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 (-) 145,854 753,470 15,548,579 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 181 82,759 1,963,042 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 07, 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 $ 5,303,092 $ 5,302,410 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,090,911 4,092,612 4,098,247 3,958,348 Total Public Debt Outstanding 9,394,004 9,395,022 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,703 67,802 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 9,311,854 9,312,774 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 Friday March 07, 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 $ 6,663 $ 47,845 $ 822,258 Individual Income Taxes 15 120 3,527 Railroad Retirement Taxes 9 120 2,112 Excise Taxes 32 67 25,566 Corporation Income Taxes 117 420 118,835 Federal Unemployment Taxes 8 24 2,247 Estate and Gift Taxes & Misc IRS Rcpts. 7 19 326 Change in Balance of Unclassified Taxes 9 253 183 Total 6,859 48,869 975,054 These Receipts were deposited in: Federal Reserve Account: Directly 66 335 16,046 Collector Depositaries 1,247 9,729 228,344 Tax and Loan Accounts 5,163 36,977 701,816 Inter-agency Transfers 384 1,828 28,848 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 31 $ 159 $ 2,193 $ 26,894 Deposits: Taxes Received (Table IV) 4 49 5,109 5,163 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,500 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,820 3,820 Depositary Initiated 1 12 1,492 1,505 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 14,601 Repo Investment 0 0 0 0 Closing Balance Today 35 196 1,989 15,630 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday March 07, 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 $ 12,613 $ 15,355 $ 136,256 Business 83 1,284 33,133 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.