1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 20, 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 $ 4,879 $ 5,364 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 24,818 22,454 6,603 69,698 Total Operating Balance 29,697 27,818 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 20, 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) 18 258 2,728 Commodity Credit Corporation programs 66 700 5,355 Customs and Certain Excise Taxes 83 1,161 15,702 Deposits by States: Supplemental Security Income 2 4 1,976 Unemployment 12 222 8,969 Education Department programs 27 641 6,689 Energy Department programs 40 232 3,041 Estate and Gift Taxes 61 1,898 13,330 Federal Reserve Earnings 0 2,699 16,607 Foreign Deposits, Military Sales 31 1,334 7,990 FTD's Received (Table IV) 892 35,969 270,296 Housing and Urban Development programs 26 257 2,511 Individual Income and Employment Taxes, Not Withheld 424 7,347 112,982 Interest recd from T&L Depositaries 4 26 415 Justice Department programs 7 155 1,991 Postal Service 337 5,751 49,839 Public Debt Cash Issues (Table III-B) 78,283 299,677 2,360,048 Other Deposits: Air Transport Security Fees 2 21 972 Gas and Oil Lease Sales Proceeds 627 1,058 4,310 Medicare Premiums 246 1,131 9,016 Minerals Management Svc/Collections 165 326 5,220 Thrift Savings Plan Transfer 302 1,379 10,814 Total Other Deposits 1,342 4,572 28,835 Change in Balance of Uncollected Funds (closing balance $ 178) 122 -36 -19 Transfers from Depositaries 9,347 202,688 1,575,060 Total Federal Reserve Account 91,124 565,555 4,484,345 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,618 120,613 785,452 Transfers from Federal Reserve Account (Table V) 10,093 100,290 744,728 Total Tax and Loan Note Accounts (Table V) 11,710 220,903 1,530,180 Total Deposits (excluding transfers) 83,395 483,480 3,694,737 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 20, 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 51 638 19,486 Defense Vendor Payments (EFT) 1,527 19,774 159,570 Education Department programs 304 4,258 46,976 Energy Department programs 167 1,252 13,043 Federal Employees Insurance Payments 207 2,946 26,462 Fed. Highway Administration programs 124 1,870 15,352 Federal Salaries (EFT) 185 7,109 72,476 Food and Nutrition Service (misc) 126 2,620 18,590 Food Stamps 44 1,206 9,829 GSA programs 105 1,102 7,745 Health and Human Services Grants (misc) 308 4,311 37,195 Housing and Urban Development programs 83 3,800 27,268 Interest on Treasury Securities 1 1,841 86,769 Justice Department programs 18 557 5,844 Labor Dept. prgms (excl. unemployment) 76 724 6,057 Medicaid 1,225 11,245 93,106 Medicare 1,302 16,585 205,733 NASA programs 93 915 6,853 Postal Service Money Orders and Other 127 2,604 23,476 Public Debt Cash Redemp. (Table III-B) 72,613 274,940 2,155,223 Social Security Benefits (EFT) 50 34,645 235,380 Temporary Assistance for Needy Families (HHS) 34 788 8,555 Unemployment Insurance Benefits 141 2,522 17,990 Veterans Affairs programs 85 1,582 12,315 Other Withdrawals: Agency for Internat'l Development 115 604 4,672 Federal Transit Admin. 58 129 1,643 IRS Tax Refunds Business (EFT) 382 1,694 19,915 IRS Tax Refunds Individual (EFT) 314 22,558 120,643 National Credit Union Administration 97 97 156 Transportation Security Admin. (DHS) 12 116 1,005 Unclassified 1,539 25,384 143,293 Total, Other Withdrawals 2,517 64,978 428,983 Transfers to Depositaries 10,093 100,290 744,728 Total Federal Reserve Account 91,609 565,101 4,485,005 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,347 202,688 1,575,060 Total Withdrawals (excluding transfers) 81,516 464,811 3,740,277 Net Change in Operating Cash Balance 1,879 18,669 -45,540 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 20, 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 77,001 255,491 1,824,670 Cash Management Series 0 30,000 142,001 Notes 0 9,998 329,626 Bonds 0 0 29,836 Inflation-Protected Securities Increment 75 1,426 5,561 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 173 1,884 Interest Increment 0 556 3,530 Government Account Series 149,420 2,066,553 17,010,939 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 1,328 3,506 32,496 Other 168 1,565 11,098 Total Issues 228,004 2,369,268 19,395,058 (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 72,371 267,873 1,781,741 Notes 0 0 297,528 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 745 7,019 Government Account Series 146,318 2,060,175 16,855,702 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 43 4,412 44,995 Other 156 1,909 12,277 Total Redemptions 218,931 2,335,115 19,010,506 Net Change in Public Debt Outstanding 9,072 34,153 384,552 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 20, 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) 228,004 2,369,268 19,395,058 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 225 1,047 15,279 Bonds and Notes (-) 0 9 961 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,420 2,066,553 17,010,518 Interest Increment on United States Savings Securities (-) 0 556 3,530 Inflation-Protected Securities Increment 75 1,426 5,331 Total Public Debt Cash Issues Deposited in Federal Reserve Account 78,283 299,677 2,360,048 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 218,931 2,335,115 19,010,506 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 (-) 146,318 2,060,175 16,855,284 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 72,613 274,940 2,155,223 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 20, 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 $ 5,289,595 $ 5,283,168 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,102,610 4,099,965 4,098,247 3,958,348 Total Public Debt Outstanding 9,392,205 9,383,132 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 499 499 502 Unamortized Discount 67,022 66,890 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 9,310,737 9,301,796 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 20, 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 $ 2,225 $ 119,574 $ 893,986 Individual Income Taxes 25 349 3,756 Railroad Retirement Taxes 5 294 2,285 Excise Taxes 14 2,657 28,156 Corporation Income Taxes 412 35,430 153,844 Federal Unemployment Taxes 3 67 2,290 Estate and Gift Taxes & Misc IRS Rcpts. 7 47 354 Change in Balance of Unclassified Taxes -177 1,709 1,640 Total 2,514 160,127 1,086,312 These Receipts were deposited in: Federal Reserve Account: Directly 314 1,761 17,473 Collector Depositaries 579 34,207 252,823 Tax and Loan Accounts 1,618 120,613 785,452 Inter-agency Transfers 4 3,545 30,564 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 37 $ 318 $ 6,082 $ 22,454 Deposits: Taxes Received (Table IV) 3 29 1,586 1,618 Transfers to Depositaries 0 1 91 93 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 37 318 4,149 4,503 Depositary Initiated 0 2 388 390 Special Direct Investment 0 0 0 4,453 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 3 29 3,222 24,818 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday March 20, 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 $ 520 $ 31,879 $ 152,781 Business 459 3,697 35,545 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.