1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 12, 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 $ 5,249 $ 5,349 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 10,718 15,439 6,603 69,698 Total Operating Balance 15,967 20,788 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 12, 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) 27 152 2,622 Commodity Credit Corporation programs 48 406 5,061 Customs and Certain Excise Taxes 69 681 15,223 Deposits by States: Supplemental Security Income 0 1 1,973 Unemployment 10 132 8,879 Education Department programs 38 417 6,466 Energy Department programs 9 128 2,937 Estate and Gift Taxes 80 1,015 12,446 Federal Reserve Earnings 871 1,807 15,715 Foreign Deposits, Military Sales 7 852 7,509 FTD's Received (Table IV) 3,295 16,233 250,560 Housing and Urban Development programs 12 149 2,403 Individual Income and Employment Taxes, Not Withheld 663 4,721 110,356 Interest recd from T&L Depositaries 1 14 402 Justice Department programs 29 104 1,939 Postal Service 373 3,520 47,608 Public Debt Cash Issues (Table III-B) 545 125,126 2,185,497 Other Deposits: Air Transport Security Fees 1 18 968 Medicare Premiums 73 365 8,250 Total Other Deposits 74 1,202 25,464 Change in Balance of Uncollected Funds (closing balance $ 156) 16 -15 3 Transfers from Depositaries 11,048 108,863 1,481,235 Total Federal Reserve Account 17,215 265,507 4,184,298 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,169 54,739 719,578 Transfers from Federal Reserve Account (Table V) 2,159 58,239 702,677 Total Tax and Loan Note Accounts (Table V) 6,328 112,978 1,422,255 Total Deposits (excluding transfers) 10,336 211,383 3,422,640 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 12, 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 48 390 19,238 Defense Vendor Payments (EFT) 1,947 10,735 150,531 Education Department programs 156 2,251 44,969 Energy Department programs 81 616 12,407 Federal Employees Insurance Payments 187 1,645 25,161 Fed. Highway Administration programs 76 1,013 14,495 Federal Salaries (EFT) 181 5,580 70,947 Food and Nutrition Service (misc) 215 1,570 17,540 Food Stamps 67 724 9,347 GSA programs 55 695 7,338 Health and Human Services Grants (misc) 237 2,464 35,348 Housing and Urban Development programs 145 3,103 26,571 Interest on Treasury Securities 3 510 85,438 Justice Department programs 34 351 5,637 Labor Dept. prgms (excl. unemployment) 51 341 5,673 Medicaid 740 6,439 88,300 Medicare 1,260 9,427 198,575 NASA programs 199 523 6,462 Postal Service Money Orders and Other 188 1,721 22,592 Public Debt Cash Redemp. (Table III-B) 143 83,444 1,963,727 Social Security Benefits (EFT) 6,228 28,243 228,978 Temporary Assistance for Needy Families (HHS) 37 408 8,176 Unemployment Insurance Benefits 196 1,491 16,959 Veterans Affairs programs 58 989 11,722 Other Withdrawals: Agency for Internat'l Development 75 297 4,364 HHS Deposit Fund Transfers to States 1/ 382 382 684 IRS Tax Refunds Business (EFT) 117 901 19,122 IRS Tax Refunds Individual (EFT) 360 12,871 110,956 Thrift Savings Plan Transfer 75 376 8,818 Transportation Security Admin. (DHS) 22 61 950 Unclassified 1,594 16,305 134,214 Total, Other Withdrawals 2,625 41,774 405,778 Transfers to Depositaries 2,159 58,239 702,677 Total Federal Reserve Account 17,316 264,683 4,184,587 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,048 108,863 1,481,235 Total Withdrawals (excluding transfers) 15,157 206,444 3,481,911 Net Change in Operating Cash Balance -4,821 4,940 -59,270 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 12, 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 93,060 1,662,239 Cash Management Series 0 30,000 142,001 Notes 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 821 4,956 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 118 1,829 Interest Increment 0 555 3,529 Government Account Series 142,966 1,184,154 16,128,540 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 455 1,646 30,637 Other 81 780 10,313 Total Issues 143,586 1,311,133 18,336,922 (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 53 451 6,724 Government Account Series 149,072 1,188,690 15,984,216 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 8 3,139 43,722 Other 82 789 11,156 Total Redemptions 149,215 1,272,134 17,947,525 Net Change in Public Debt Outstanding -5,629 38,999 389,397 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 12, 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) 143,586 1,311,133 18,336,922 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 (-) 142,966 1,184,154 16,128,119 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 76 821 4,726 Total Public Debt Cash Issues Deposited in Federal Reserve Account 545 125,126 2,185,497 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 149,215 1,272,134 17,947,525 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 (-) 149,072 1,188,690 15,983,798 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 143 83,444 1,963,727 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 12, 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 $ 5,304,203 $ 5,303,810 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,092,847 4,098,869 4,098,247 3,958,348 Total Public Debt Outstanding 9,397,050 9,402,679 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,211 67,309 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 9,315,393 9,320,923 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 12, 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 $ 6,647 $ 71,237 $ 845,650 Individual Income Taxes 15 177 3,584 Railroad Retirement Taxes 3 180 2,171 Excise Taxes 387 622 26,121 Corporation Income Taxes 427 1,183 119,597 Federal Unemployment Taxes 4 36 2,260 Estate and Gift Taxes & Misc IRS Rcpts. 3 26 333 Change in Balance of Unclassified Taxes 2 224 155 Total 7,489 73,685 999,870 These Receipts were deposited in: Federal Reserve Account: Directly 71 563 16,274 Collector Depositaries 3,225 15,671 234,286 Tax and Loan Accounts 4,169 54,739 719,578 Inter-agency Transfers 25 2,712 29,732 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 13 $ 144 $ 2,526 $ 15,439 Deposits: Taxes Received (Table IV) 7 68 4,094 4,169 Transfers to Depositaries 0 1 213 215 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 1,944 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,388 3,388 Depositary Initiated 1 13 1,891 1,905 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,756 Repo Investment 0 0 0 0 Closing Balance Today 20 200 1,554 10,718 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday March 12, 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 $ 620 $ 17,498 $ 138,400 Business 142 2,124 33,972 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.