1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 21, 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 $ 6,590 $ 4,879 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 15,005 24,818 6,603 69,698 Total Operating Balance 21,595 29,697 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 21, 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) 12 270 2,740 Commodity Credit Corporation programs 34 734 5,390 Customs and Certain Excise Taxes 71 1,231 15,773 Deposits by States: Supplemental Security Income 0 4 1,976 Unemployment 12 233 8,981 Education Department programs 76 716 6,765 Energy Department programs 24 255 3,065 Estate and Gift Taxes 69 1,967 13,398 Federal Reserve Earnings 0 2,699 16,607 Foreign Deposits, Military Sales 6 1,340 7,996 FTD's Received (Table IV) 1,443 37,412 271,739 Housing and Urban Development programs 14 272 2,525 Individual Income and Employment Taxes, Not Withheld 434 7,781 113,416 Interest recd from T&L Depositaries 1 28 416 Justice Department programs 4 159 1,995 Postal Service 352 6,103 50,191 Public Debt Cash Issues (Table III-B) 131 299,808 2,360,179 Other Deposits: Medicare Premiums 57 1,187 9,073 Total Other Deposits 57 4,629 28,891 Change in Balance of Uncollected Funds (closing balance $ 159) 18 -18 0 Transfers from Depositaries 18,234 220,922 1,593,294 Total Federal Reserve Account 20,991 586,546 4,505,336 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,148 126,761 791,600 Transfers from Federal Reserve Account (Table V) 2,272 102,562 747,000 Total Tax and Loan Note Accounts (Table V) 8,420 229,324 1,538,600 Total Deposits (excluding transfers) 8,906 492,385 3,703,642 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 21, 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 31 669 19,518 Defense Vendor Payments (EFT) 1,917 21,692 161,488 Education Department programs 333 4,590 47,309 Energy Department programs 124 1,376 13,168 Federal Employees Insurance Payments 155 3,101 26,618 Fed. Highway Administration programs 103 1,973 15,455 Federal Salaries (EFT) 2,668 9,776 75,143 Food and Nutrition Service (misc) 139 2,759 18,729 Food Stamps 40 1,246 9,869 GSA programs 21 1,123 7,767 Health and Human Services Grants (misc) 373 4,684 37,568 Housing and Urban Development programs 112 3,912 27,380 Interest on Treasury Securities 2 1,842 86,770 Justice Department programs 92 650 5,936 Labor Dept. prgms (excl. unemployment) 53 778 6,110 Medicaid 478 11,723 93,584 Medicare 1,380 17,965 207,113 NASA programs 121 1,036 6,974 Postal Service Money Orders and Other 156 2,760 23,632 Public Debt Cash Redemp. (Table III-B) 148 275,088 2,155,371 Social Security Benefits (EFT) 35 34,680 235,415 Temporary Assistance for Needy Families (HHS) 31 818 8,586 Unemployment Insurance Benefits 116 2,638 18,106 Veterans Affairs programs 122 1,704 12,437 Other Withdrawals: Customs and Borders Protection (DHS) 59 59 113 Emergency Prep & Response (DHS) 62 597 4,555 Foreign Military Sales Program 57 156 211 Interior 54 744 5,733 IRS Tax Refunds Individual (EFT) 6,672 29,230 127,315 Transportation Security Admin. (DHS) 5 121 1,010 Unclassified 1,350 26,734 144,643 Total, Other Withdrawals 8,258 73,236 437,240 Transfers to Depositaries 2,272 102,562 747,000 Total Federal Reserve Account 19,280 584,380 4,504,285 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 18,234 220,922 1,593,294 Total Withdrawals (excluding transfers) 17,008 481,818 3,757,285 Net Change in Operating Cash Balance -8,102 10,567 -53,643 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday March 21, 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 0 255,491 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 76 1,502 5,637 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 188 1,899 Interest Increment 0 557 3,531 Government Account Series 136,354 2,202,907 17,147,293 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 27 3,533 32,523 Other 88 1,654 11,187 Total Issues 136,561 2,505,830 19,531,619 (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 0 267,873 1,781,741 Notes 0 0 297,528 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 787 7,060 Government Account Series 136,060 2,196,235 16,991,761 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 11 4,423 45,006 Other 95 2,005 12,372 Total Redemptions 136,208 2,471,323 19,146,714 Net Change in Public Debt Outstanding 353 34,507 384,905 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 21, 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) 136,561 2,505,830 19,531,619 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,047 15,279 Bonds and Notes (-) 0 9 961 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 136,354 2,202,907 17,146,872 Interest Increment on United States Savings Securities (-) 0 557 3,531 Inflation-Protected Securities Increment 76 1,502 5,407 Total Public Debt Cash Issues Deposited in Federal Reserve Account 131 299,808 2,360,179 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 136,208 2,471,323 19,146,714 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 (-) 136,060 2,196,235 16,991,343 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 148 275,088 2,155,371 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 21, 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 $ 5,289,660 $ 5,289,595 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,102,898 4,102,610 4,098,247 3,958,348 Total Public Debt Outstanding 9,392,558 9,392,205 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 66,933 67,022 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 9,311,179 9,310,737 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 21, 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 $ 7,761 $ 127,335 $ 901,748 Individual Income Taxes 23 372 3,778 Railroad Retirement Taxes 16 310 2,301 Excise Taxes 29 2,686 28,185 Corporation Income Taxes 506 35,936 154,350 Federal Unemployment Taxes 3 71 2,294 Estate and Gift Taxes & Misc IRS Rcpts. 0 47 354 Change in Balance of Unclassified Taxes -365 1,345 1,275 Total 7,975 168,101 1,094,287 These Receipts were deposited in: Federal Reserve Account: Directly 90 1,851 17,563 Collector Depositaries 1,353 35,560 254,176 Tax and Loan Accounts 6,148 126,761 791,600 Inter-agency Transfers 384 3,929 30,948 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 3 $ 29 $ 3,222 $ 24,818 Deposits: Taxes Received (Table IV) 5 51 6,092 6,148 Transfers to Depositaries 0 2 258 260 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,012 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 4,989 4,989 Depositary Initiated 0 5 1,674 1,680 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 11,565 Repo Investment 0 0 0 0 Closing Balance Today 8 77 2,908 15,005 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday March 21, 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 $ 10,301 $ 42,181 $ 163,083 Business 62 3,759 35,607 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.