1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 13, 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 $ 5,144 $ 5,249 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 15,633 10,718 6,603 69,698 Total Operating Balance 20,778 15,967 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 13, 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) 14 166 2,636 Commodity Credit Corporation programs 38 443 5,099 Customs and Certain Excise Taxes 63 744 15,286 Deposits by States: Supplemental Security Income 0 1 1,973 Unemployment 12 143 8,891 Education Department programs 29 446 6,495 Energy Department programs 10 138 2,947 Estate and Gift Taxes 31 1,046 12,477 Federal Reserve Earnings 0 1,807 15,715 Foreign Deposits, Military Sales 13 865 7,521 FTD's Received (Table IV) 919 17,153 251,480 Housing and Urban Development programs 18 167 2,421 Individual Income and Employment Taxes, Not Withheld 290 5,011 110,647 Interest recd from T&L Depositaries 1 15 404 Justice Department programs 13 117 1,952 Postal Service 350 3,870 47,958 Public Debt Cash Issues (Table III-B) 85,548 210,674 2,271,045 Other Deposits: Thrift Savings Plan Transfer 166 531 9,965 Total Other Deposits 166 1,368 25,630 Change in Balance of Uncollected Funds (closing balance $ 107) 49 34 52 Transfers from Depositaries 1,767 110,630 1,483,002 Total Federal Reserve Account 89,331 354,839 4,273,629 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,461 57,200 722,039 Transfers from Federal Reserve Account (Table V) 4,221 62,460 706,898 Total Tax and Loan Note Accounts (Table V) 6,682 119,660 1,428,937 Total Deposits (excluding transfers) 90,026 301,409 3,512,666 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 13, 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 26 416 19,264 Defense Vendor Payments (EFT) 1,160 11,895 151,692 Education Department programs 175 2,426 45,144 Energy Department programs 126 742 12,533 Federal Employees Insurance Payments 311 1,955 25,472 Fed. Highway Administration programs 83 1,096 14,578 Federal Salaries (EFT) 657 6,237 71,604 Food and Nutrition Service (misc) 155 1,725 17,696 Food Stamps 69 792 9,415 GSA programs 120 815 7,458 Health and Human Services Grants (misc) 266 2,730 35,614 Housing and Urban Development programs 130 3,233 26,701 Interest on Treasury Securities 3 513 85,440 Justice Department programs 27 379 5,665 Labor Dept. prgms (excl. unemployment) 51 392 5,724 Medicaid 959 7,397 89,259 Medicare 981 10,409 199,557 NASA programs 57 580 6,519 Postal Service Money Orders and Other 155 1,876 22,747 Public Debt Cash Redemp. (Table III-B) 77,053 160,497 2,040,780 Social Security Benefits (EFT) 42 28,285 229,020 Temporary Assistance for Needy Families (HHS) 162 570 8,338 Unemployment Insurance Benefits 161 1,652 17,120 Veterans Affairs programs 64 1,053 11,786 Other Withdrawals: IRS Tax Refunds Business (EFT) 240 1,141 19,362 IRS Tax Refunds Individual (EFT) 366 13,237 111,322 State Department 151 812 2,795 Transportation Security Admin. (DHS) 2 63 953 Unclassified 1,461 17,767 135,675 Total, Other Withdrawals 2,222 43,995 408,000 Transfers to Depositaries 4,221 62,460 706,898 Total Federal Reserve Account 89,436 354,119 4,274,023 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,767 110,630 1,483,002 Total Withdrawals (excluding transfers) 85,215 291,659 3,567,126 Net Change in Operating Cash Balance 4,811 9,750 -54,460 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 13, 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 85,435 178,495 1,747,674 Cash Management Series 0 30,000 142,001 Notes 0 -2 319,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 75 896 5,031 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 126 1,837 Interest Increment 0 555 3,529 Government Account Series 147,037 1,331,191 16,275,577 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 269 1,915 30,906 Other 182 962 10,495 Total Issues 233,006 1,544,138 18,569,928 (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 76,435 155,501 1,669,369 Notes 0 0 297,528 Bonds 0 0 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 49 500 6,773 Government Account Series 144,936 1,333,626 16,129,153 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 389 3,528 44,111 Other 179 968 11,335 Total Redemptions 221,990 1,494,124 18,169,515 Net Change in Public Debt Outstanding 11,016 50,015 400,413 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 13, 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) 233,006 1,544,138 18,569,928 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 346 822 15,054 Bonds and Notes (-) 0 0 952 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 147,037 1,331,191 16,275,156 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 75 896 4,801 Total Public Debt Cash Issues Deposited in Federal Reserve Account 85,548 210,674 2,271,045 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 221,990 1,494,124 18,169,515 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 (-) 144,936 1,333,626 16,128,735 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 77,053 160,497 2,040,780 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 13, 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 $ 5,313,220 $ 5,304,203 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,094,846 4,092,847 4,098,247 3,958,348 Total Public Debt Outstanding 9,408,066 9,397,050 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,458 67,211 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 9,326,162 9,315,393 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 13, 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 $ 2,390 $ 73,627 $ 848,039 Individual Income Taxes 10 188 3,594 Railroad Retirement Taxes 8 187 2,178 Excise Taxes 80 702 26,201 Corporation Income Taxes 928 2,110 120,525 Federal Unemployment Taxes 3 39 2,262 Estate and Gift Taxes & Misc IRS Rcpts. 1 26 333 Change in Balance of Unclassified Taxes 144 368 299 Total 3,562 77,247 1,003,433 These Receipts were deposited in: Federal Reserve Account: Directly 90 653 16,364 Collector Depositaries 830 16,500 235,116 Tax and Loan Accounts 2,461 57,200 722,039 Inter-agency Transfers 182 2,894 29,914 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 20 $ 200 $ 1,554 $ 10,718 Deposits: Taxes Received (Table IV) 4 30 2,427 2,461 Transfers to Depositaries 0 1 220 221 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 1,221 1,221 Depositary Initiated 1 8 537 546 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 23 223 2,443 15,633 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday March 13, 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 $ 583 $ 18,081 $ 138,983 Business 302 2,426 34,274 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.