1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday March 10, 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 $ 4,984 $ 4,786 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 20,259 15,630 6,603 69,698 Total Operating Balance 25,243 20,416 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday March 10, 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) 16 110 2,580 Commodity Credit Corporation programs 58 305 4,961 Customs and Certain Excise Taxes 84 525 15,067 Deposits by States: Supplemental Security Income 0 1 1,973 Unemployment 13 102 8,849 Education Department programs 36 331 6,379 Energy Department programs 11 114 2,923 Estate and Gift Taxes 25 790 12,221 Federal Reserve Earnings 0 936 14,843 Foreign Deposits, Military Sales 6 839 7,495 FTD's Received (Table IV) 2,151 12,215 246,542 Housing and Urban Development programs 38 143 2,396 Individual Income and Employment Taxes, Not Withheld 643 3,506 109,142 Interest recd from T&L Depositaries 1 9 397 Justice Department programs 19 62 1,897 Postal Service 408 2,681 46,768 Public Debt Cash Issues (Table III-B) 128 124,216 2,184,587 Other Deposits: Federal Housing Admin: Note Sales 63 110 728 Total Other Deposits 63 904 25,166 Change in Balance of Uncollected Funds (closing balance $ 78) 99 63 81 Transfers from Depositaries 14,074 83,961 1,456,333 Total Federal Reserve Account 17,874 231,810 4,150,600 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,690 48,667 713,506 Transfers from Federal Reserve Account (Table V) 7,014 48,950 693,388 Total Tax and Loan Note Accounts (Table V) 18,704 97,617 1,406,893 Total Deposits (excluding transfers) 15,489 196,517 3,407,773 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday March 10, 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 65 311 19,159 Defense Vendor Payments (EFT) 1,356 7,197 146,994 Education Department programs 471 1,875 44,594 Energy Department programs 86 475 12,267 Federal Employees Insurance Payments 308 1,225 24,741 Fed. Highway Administration programs 160 805 14,288 Federal Salaries (EFT) 1,195 4,882 70,249 Food and Nutrition Service (misc) 371 1,196 17,166 Food Stamps 172 560 9,183 GSA programs 49 598 7,241 Health and Human Services Grants (misc) 322 1,912 34,796 Housing and Urban Development programs 106 2,819 26,287 Interest on Treasury Securities 2 505 85,433 Justice Department programs 76 278 5,564 Labor Dept. prgms (excl. unemployment) 45 261 5,593 Medicaid 441 4,646 86,507 Medicare 1,156 6,993 196,140 NASA programs 27 312 6,251 Postal Service Money Orders and Other 339 1,310 22,182 Public Debt Cash Redemp. (Table III-B) 402 83,161 1,963,444 Social Security Benefits (EFT) 61 21,971 222,706 Temporary Assistance for Needy Families (HHS) 71 325 8,093 Unemployment Insurance Benefits 179 1,052 16,520 Veterans Affairs programs 150 822 11,555 Other Withdrawals: HHS: Indian Health Service 130 415 1,037 Interior 55 318 5,307 IRS Tax Refunds Business (EFT) 220 779 19,000 IRS Tax Refunds Individual (EFT) 581 12,132 110,217 Thrift Savings Plan Transfer 108 279 8,721 Transportation Security Admin. (DHS) 6 38 928 Unclassified 1,949 13,126 131,035 Total, Other Withdrawals 3,049 36,811 400,815 Transfers to Depositaries 7,014 48,950 693,388 Total Federal Reserve Account 17,676 231,251 4,151,156 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 14,074 83,961 1,456,333 Total Withdrawals (excluding transfers) 10,662 182,301 3,457,768 Net Change in Operating Cash Balance 4,827 14,215 -49,994 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday March 10, 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 -3 93,061 1,662,240 Cash Management Series 0 30,000 142,001 Notes 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 227 670 4,804 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 99 1,810 Interest Increment 0 555 3,529 Government Account Series 146,403 893,023 15,837,409 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 31 919 29,910 Other 88 615 10,148 Total Issues 146,757 1,018,939 18,044,729 (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 60 344 6,617 Government Account Series 143,614 897,085 15,692,611 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 250 3,131 43,714 Other 92 620 10,987 Total Redemptions 144,016 980,245 17,655,637 Net Change in Public Debt Outstanding 2,742 38,694 389,092 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday March 10, 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) 146,757 1,018,939 18,044,729 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 (-) 146,403 893,023 15,836,988 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 227 670 4,574 Total Public Debt Cash Issues Deposited in Federal Reserve Account 128 124,216 2,184,587 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,016 980,245 17,655,637 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 (-) 143,614 897,085 15,692,193 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 402 83,161 1,963,444 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday March 10, 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 $ 5,303,001 $ 5,303,092 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,093,744 4,090,911 4,098,247 3,958,348 Total Public Debt Outstanding 9,396,745 9,394,004 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,408 67,703 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 9,314,891 9,311,854 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 Monday March 10, 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 $ 13,641 $ 61,487 $ 835,900 Individual Income Taxes 20 140 3,547 Railroad Retirement Taxes 30 151 2,142 Excise Taxes 136 203 25,702 Corporation Income Taxes 191 612 119,026 Federal Unemployment Taxes 5 29 2,252 Estate and Gift Taxes & Misc IRS Rcpts. 3 22 329 Change in Balance of Unclassified Taxes 34 286 217 Total 14,061 62,930 989,115 These Receipts were deposited in: Federal Reserve Account: Directly 98 433 16,145 Collector Depositaries 2,053 11,781 230,397 Tax and Loan Accounts 11,690 48,667 713,506 Inter-agency Transfers 220 2,048 29,068 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 35 $ 196 $ 1,989 $ 15,630 Deposits: Taxes Received (Table IV) 4 41 11,645 11,690 Transfers to Depositaries 1 37 1,220 1,258 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,756 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 31 158 1,989 2,178 Depositary Initiated 0 2 8,394 8,396 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,500 Repo Investment 0 0 0 0 Closing Balance Today 9 114 4,471 20,259 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday March 10, 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 $ 815 $ 16,169 $ 137,071 Business 361 1,645 33,493 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.