1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday March 18, 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 $ 4,980 $ 5,572 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 26,120 29,357 6,603 69,698 Total Operating Balance 31,101 34,929 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday March 18, 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) 14 202 2,671 Commodity Credit Corporation programs 41 582 5,237 Customs and Certain Excise Taxes 92 1,002 15,544 Deposits by States: Supplemental Security Income 0 1 1,973 Unemployment 12 196 8,944 Education Department programs 43 588 6,636 Energy Department programs 10 177 2,986 Estate and Gift Taxes 107 1,528 12,959 Federal Reserve Earnings 0 1,807 15,715 Foreign Deposits, Military Sales 21 1,267 7,924 FTD's Received (Table IV) 1,177 31,198 265,525 Housing and Urban Development programs 15 220 2,474 Individual Income and Employment Taxes, Not Withheld 420 6,091 111,727 Interest recd from T&L Depositaries 0 17 406 Justice Department programs 10 143 1,978 Postal Service 445 5,048 49,136 Public Debt Cash Issues (Table III-B) 153 221,217 2,281,589 Other Deposits: Thrift Savings Plan Transfer 125 874 10,308 Total Other Deposits 125 2,364 26,626 Change in Balance of Uncollected Funds (closing balance $ 147) -106 -5 12 Transfers from Depositaries 5,507 173,734 1,546,106 Total Federal Reserve Account 8,084 447,378 4,366,168 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,270 114,805 779,643 Transfers from Federal Reserve Account (Table V) 0 78,447 722,884 Total Tax and Loan Note Accounts (Table V) 2,270 193,251 1,502,528 Total Deposits (excluding transfers) 4,847 388,449 3,599,705 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday March 18, 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 24 534 19,382 Defense Vendor Payments (EFT) 2,254 16,922 156,718 Education Department programs 305 3,606 46,324 Energy Department programs 90 1,039 12,831 Federal Employees Insurance Payments 186 2,541 26,057 Fed. Highway Administration programs 180 1,650 15,132 Federal Salaries (EFT) 226 6,729 72,096 Food and Nutrition Service (misc) 114 2,281 18,251 Food Stamps 72 1,116 9,739 GSA programs 62 931 7,574 Health and Human Services Grants (misc) 415 3,767 36,651 Housing and Urban Development programs 88 3,577 27,045 Interest on Treasury Securities 3 1,836 86,764 Justice Department programs 23 489 5,775 Labor Dept. prgms (excl. unemployment) 44 615 5,947 Medicaid 596 9,451 91,312 Medicare 1,099 13,597 202,745 NASA programs 56 772 6,711 Postal Service Money Orders and Other 140 2,399 23,270 Public Debt Cash Redemp. (Table III-B) 155 202,005 2,082,288 Social Security Benefits (EFT) 54 28,432 229,167 Temporary Assistance for Needy Families (HHS) 44 734 8,502 Unemployment Insurance Benefits 249 2,198 17,666 Veterans Affairs programs 117 1,373 12,106 Other Withdrawals: Agency for Internat'l Development 87 458 4,526 Emergency Prep & Response (DHS) 110 484 4,441 Interior 72 623 5,612 IRS Tax Refunds Individual (EFT) 318 21,925 120,010 Transportation Security Admin. (DHS) 14 91 980 Unclassified 1,479 21,861 139,769 Total, Other Withdrawals 2,080 59,783 423,788 Transfers to Depositaries 0 78,447 722,884 Total Federal Reserve Account 8,676 446,822 4,366,726 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,507 173,734 1,546,106 Total Withdrawals (excluding transfers) 8,676 368,375 3,643,842 Net Change in Operating Cash Balance -3,828 20,073 -44,136 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday March 18, 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 0 178,490 1,747,669 Cash Management Series 0 30,000 142,001 Notes 0 9,998 329,627 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 1,276 5,410 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 153 1,865 Interest Increment 0 556 3,530 Government Account Series 153,806 1,773,666 16,718,052 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 69 2,085 31,076 Other 77 1,321 10,854 Total Issues 154,036 1,997,545 19,023,335 (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 0 195,502 1,709,370 Notes 0 0 297,528 Bonds 0 0 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 53 654 6,927 Government Account Series 143,843 1,764,304 16,559,831 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 0 4,368 44,951 Other 101 1,482 11,849 Total Redemptions 143,997 1,966,309 18,641,701 Net Change in Public Debt Outstanding 10,038 31,236 381,634 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday March 18, 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) 154,036 1,997,545 19,023,335 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 822 15,054 Bonds and Notes (-) 0 9 961 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 153,806 1,773,666 16,717,631 Interest Increment on United States Savings Securities (-) 0 556 3,530 Inflation-Protected Securities Increment 76 1,276 5,180 Total Public Debt Cash Issues Deposited in Federal Reserve Account 153 221,217 2,281,589 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 143,997 1,966,309 18,641,701 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 (-) 143,843 1,764,304 16,559,413 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 155 202,005 2,082,288 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday March 18, 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 $ 5,282,898 $ 5,282,750 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,106,389 4,096,499 4,098,247 3,958,348 Total Public Debt Outstanding 9,389,288 9,379,249 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 499 499 499 502 Unamortized Discount 66,983 67,076 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 9,307,859 9,297,727 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 Tuesday March 18, 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 $ 2,085 $ 109,424 $ 883,837 Individual Income Taxes 25 290 3,697 Railroad Retirement Taxes 1 286 2,277 Excise Taxes 6 2,632 28,132 Corporation Income Taxes 665 34,816 153,230 Federal Unemployment Taxes 4 60 2,284 Estate and Gift Taxes & Misc IRS Rcpts. 2 39 346 Change in Balance of Unclassified Taxes 734 1,926 1,857 Total 3,522 149,474 1,075,659 These Receipts were deposited in: Federal Reserve Account: Directly 53 1,314 17,025 Collector Depositaries 1,124 29,885 248,500 Tax and Loan Accounts 2,270 114,805 779,643 Inter-agency Transfers 75 3,471 30,491 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 24 $ 245 $ 9,242 $ 29,357 Deposits: Taxes Received (Table IV) 8 65 2,197 2,270 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 194 195 Depositary Initiated 1 28 1,283 1,313 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,000 Repo Investment 0 0 0 0 Closing Balance Today 30 281 9,961 26,120 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday March 18, 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 $ 599 $ 30,781 $ 151,683 Business 342 3,055 34,904 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.