1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 14, 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 $ 5,002 $ 5,144 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 16,528 15,633 6,603 69,698 Total Operating Balance 21,530 20,778 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 14, 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) 10 177 2,646 Commodity Credit Corporation programs 51 494 5,150 Customs and Certain Excise Taxes 100 845 15,387 Deposits by States: Supplemental Security Income 0 1 1,973 Unemployment 19 162 8,910 Education Department programs 67 513 6,562 Energy Department programs 12 150 2,959 Estate and Gift Taxes 291 1,337 12,768 Federal Reserve Earnings 0 1,807 15,715 Foreign Deposits, Military Sales 141 1,005 7,662 FTD's Received (Table IV) 4,044 21,197 255,524 Housing and Urban Development programs 17 185 2,438 Individual Income and Employment Taxes, Not Withheld 315 5,326 110,962 Interest recd from T&L Depositaries 2 17 405 Justice Department programs 3 120 1,955 Postal Service 340 4,210 48,297 Public Debt Cash Issues (Table III-B) 137 210,811 2,271,182 Other Deposits: Medicare Premiums 74 448 8,333 SEC:Stock Exchange Fees 281 281 281 Thrift Savings Plan Transfer 152 683 10,118 Total Other Deposits 507 1,875 26,137 Change in Balance of Uncollected Funds (closing balance $ 134) -27 7 25 Transfers from Depositaries 17,359 127,989 1,500,361 Total Federal Reserve Account 23,388 378,227 4,297,017 Tax and Loan Note Accounts: FTD's Received (Table IV) 12,170 69,371 734,209 Transfers from Federal Reserve Account (Table V) 6,084 68,544 712,981 Total Tax and Loan Note Accounts (Table V) 18,254 137,914 1,447,191 Total Deposits (excluding transfers) 18,199 319,608 3,530,865 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 14, 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 31 447 19,296 Defense Vendor Payments (EFT) 1,034 12,930 152,726 Education Department programs 515 2,941 45,660 Energy Department programs 119 860 12,652 Federal Employees Insurance Payments 258 2,213 25,729 Fed. Highway Administration programs 302 1,398 14,880 Federal Salaries (EFT) 146 6,383 71,750 Food and Nutrition Service (misc) 178 1,904 17,874 Food Stamps 102 894 9,517 GSA programs 22 836 7,480 Health and Human Services Grants (misc) 362 3,091 35,976 Housing and Urban Development programs 152 3,384 26,853 Interest on Treasury Securities 3 515 85,443 Justice Department programs 44 423 5,709 Labor Dept. prgms (excl. unemployment) 126 518 5,850 Medicaid 521 7,918 89,779 Medicare 1,081 11,489 200,637 NASA programs 63 643 6,582 Postal Service Money Orders and Other 157 2,033 22,905 Public Debt Cash Redemp. (Table III-B) 315 160,812 2,041,095 Social Security Benefits (EFT) 44 28,328 229,063 Temporary Assistance for Needy Families (HHS) 51 621 8,388 Unemployment Insurance Benefits 126 1,779 17,247 Veterans Affairs programs 70 1,123 11,856 Other Withdrawals: IRS Tax Refunds Individual (EFT) 7,886 21,122 119,207 Military Active Duty Pay (EFT) 2,512 2,512 35,257 Transportation Security Admin. (DHS) 4 68 957 Unclassified 1,224 18,991 136,899 Total, Other Withdrawals 11,626 55,621 419,626 Transfers to Depositaries 6,084 68,544 712,981 Total Federal Reserve Account 23,531 377,649 4,297,554 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,359 127,989 1,500,361 Total Withdrawals (excluding transfers) 17,447 309,106 3,584,573 Net Change in Operating Cash Balance 752 10,502 -53,707 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday March 14, 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 0 178,495 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 76 972 5,107 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 134 1,846 Interest Increment 0 555 3,529 Government Account Series 143,144 1,474,335 16,418,721 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 41 1,956 30,946 Other 88 1,050 10,583 Total Issues 143,357 1,687,496 18,713,285 (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 0 155,501 1,669,369 Notes 0 0 297,528 Bonds 0 0 10,129 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 540 6,814 Government Account Series 142,857 1,476,483 16,272,010 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 185 3,713 44,296 Other 89 1,057 11,424 Total Redemptions 143,172 1,637,295 18,312,687 Net Change in Public Debt Outstanding 186 50,201 400,599 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 14, 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) 143,357 1,687,496 18,713,285 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 822 15,054 Bonds and Notes (-) 0 0 952 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 143,144 1,474,335 16,418,300 Interest Increment on United States Savings Securities (-) 0 555 3,529 Inflation-Protected Securities Increment 76 972 4,877 Total Public Debt Cash Issues Deposited in Federal Reserve Account 137 210,811 2,271,182 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 143,172 1,637,295 18,312,687 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 (-) 142,857 1,476,483 16,271,592 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 315 160,812 2,041,095 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 14, 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 $ 5,313,245 $ 5,313,220 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,095,007 4,094,846 4,098,247 3,958,348 Total Public Debt Outstanding 9,408,252 9,408,066 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 67,363 67,458 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 9,326,443 9,326,162 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 14, 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 $ 7,629 $ 81,256 $ 855,669 Individual Income Taxes 25 213 3,619 Railroad Retirement Taxes 17 204 2,196 Excise Taxes 1,858 2,560 28,059 Corporation Income Taxes 6,539 8,649 127,063 Federal Unemployment Taxes 8 47 2,271 Estate and Gift Taxes & Misc IRS Rcpts. 7 34 341 Change in Balance of Unclassified Taxes 168 536 466 Total 16,251 93,499 1,019,684 These Receipts were deposited in: Federal Reserve Account: Directly 542 1,195 16,906 Collector Depositaries 3,501 20,002 238,617 Tax and Loan Accounts 12,170 69,371 734,209 Inter-agency Transfers 37 2,931 29,951 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 23 $ 223 $ 2,443 $ 15,633 Deposits: Taxes Received (Table IV) 10 118 12,043 12,170 Transfers to Depositaries 1 39 2,044 2,084 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 23 223 2,443 2,689 Depositary Initiated 0 18 7,651 7,670 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,000 Repo Investment 0 0 0 0 Closing Balance Today 10 138 6,435 16,528 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday March 14, 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 $ 11,407 $ 29,488 $ 150,390 Business 14 2,439 34,288 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.