1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday March 24, 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 $ 4,880 $ 6,590 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 19,472 15,005 6,603 69,698 Total Operating Balance 24,353 21,595 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday March 24, 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) 11 281 2,751 Commodity Credit Corporation programs 51 785 5,441 Customs and Certain Excise Taxes 993 2,225 16,767 Deposits by States: Supplemental Security Income 56 61 2,032 Unemployment 11 244 8,991 Education Department programs 28 744 6,792 Energy Department programs 26 281 3,091 Estate and Gift Taxes 106 2,073 13,504 Federal Reserve Earnings 0 2,699 16,607 Foreign Deposits, Military Sales 12 1,352 8,009 FTD's Received (Table IV) 1,980 39,392 273,719 Housing and Urban Development programs 16 288 2,541 Individual Income and Employment Taxes, Not Withheld 504 8,285 113,920 Interest recd from T&L Depositaries 0 28 416 Justice Department programs 8 167 2,003 Postal Service 352 6,456 50,543 Public Debt Cash Issues (Table III-B) 188 299,996 2,360,367 Other Deposits: Defense Finance & Accounting Service 55 517 3,880 Medicare Premiums 146 1,334 9,219 Total Other Deposits 201 4,830 29,092 Change in Balance of Uncollected Funds (closing balance $ 46) 113 95 113 Transfers from Depositaries 6,517 227,439 1,599,811 Total Federal Reserve Account 11,173 597,719 4,516,509 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,694 134,455 799,294 Transfers from Federal Reserve Account (Table V) 3,291 105,853 750,291 Total Tax and Loan Note Accounts (Table V) 10,984 240,308 1,549,584 Total Deposits (excluding transfers) 12,350 504,735 3,715,992 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday March 24, 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 55 724 19,573 Defense Vendor Payments (EFT) 1,114 22,805 162,602 Education Department programs 346 4,937 47,655 Energy Department programs 52 1,428 13,219 Federal Employees Insurance Payments 113 3,215 26,731 Fed. Highway Administration programs 232 2,205 15,687 Federal Salaries (EFT) 1,217 10,994 76,361 Food and Nutrition Service (misc) 217 2,976 18,946 Food Stamps 101 1,347 9,970 GSA programs 35 1,158 7,802 Health and Human Services Grants (misc) 176 4,860 37,745 Housing and Urban Development programs 99 4,010 27,479 Interest on Treasury Securities 9 1,852 86,780 Justice Department programs 59 709 5,995 Labor Dept. prgms (excl. unemployment) 40 818 6,150 Medicaid 636 12,359 94,220 Medicare 1,342 19,307 208,455 NASA programs 148 1,183 7,122 Postal Service Money Orders and Other 296 3,056 23,927 Public Debt Cash Redemp. (Table III-B) 242 275,330 2,155,613 Social Security Benefits (EFT) 43 34,723 235,458 Temporary Assistance for Needy Families (HHS) 51 869 8,637 Unemployment Insurance Benefits 151 2,789 18,256 Veterans Affairs programs 123 1,827 12,560 Other Withdrawals: Agriculture Loan Payments (misc) 59 59 358 Centers for Disease Control 62 62 399 Commerce Programs 60 60 60 Federal Transit Admin. 53 183 1,696 International Monetary Fund -73 -64 -406 IRS Tax Refunds Business (EFT) 84 1,778 19,999 IRS Tax Refunds Individual (EFT) 420 29,650 127,735 Thrift Savings Plan Transfer 139 625 9,067 Transportation Security Admin. (DHS) 12 132 1,021 Unclassified 1,877 28,611 146,520 Total, Other Withdrawals 2,694 75,930 439,934 Transfers to Depositaries 3,291 105,853 750,291 Total Federal Reserve Account 12,883 597,263 4,517,168 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,517 227,439 1,599,811 Total Withdrawals (excluding transfers) 9,592 491,410 3,766,877 Net Change in Operating Cash Balance 2,758 13,325 -50,885 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday March 24, 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 -3 255,488 1,824,668 Cash Management Series 0 30,000 142,001 Notes 0 9,998 329,626 Bonds 0 0 29,836 Inflation-Protected Securities Increment 227 1,729 5,864 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 199 1,911 Interest Increment 0 557 3,531 Government Account Series 148,057 2,350,965 17,295,351 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 98 3,631 32,621 Other 81 1,735 11,268 Total Issues 148,472 2,654,302 19,680,091 (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 49 836 7,109 Government Account Series 145,073 2,341,308 17,136,834 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 110 4,533 45,116 Other 83 2,088 12,455 Total Redemptions 145,315 2,616,637 19,292,029 Net Change in Public Debt Outstanding 3,157 37,664 388,062 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday March 24, 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) 148,472 2,654,302 19,680,091 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 (-) 148,057 2,350,965 17,294,930 Interest Increment on United States Savings Securities (-) 0 557 3,531 Inflation-Protected Securities Increment 227 1,729 5,634 Total Public Debt Cash Issues Deposited in Federal Reserve Account 188 299,996 2,360,367 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,315 2,616,637 19,292,029 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 (-) 145,073 2,341,308 17,136,416 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 242 275,330 2,155,613 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday March 24, 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 $ 5,290,715 $ 5,289,660 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,105,001 4,102,898 4,098,247 3,958,348 Total Public Debt Outstanding 9,395,716 9,392,558 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 66,667 66,933 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 9,314,603 9,311,179 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 Monday March 24, 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 $ 10,058 $ 137,393 $ 911,806 Individual Income Taxes 22 394 3,801 Railroad Retirement Taxes 27 337 2,328 Excise Taxes 71 2,756 28,256 Corporation Income Taxes 496 36,432 154,846 Federal Unemployment Taxes 4 75 2,298 Estate and Gift Taxes & Misc IRS Rcpts. 2 50 357 Change in Balance of Unclassified Taxes -514 831 762 Total 10,167 178,268 1,104,454 These Receipts were deposited in: Federal Reserve Account: Directly 276 2,128 17,839 Collector Depositaries 1,704 37,264 255,880 Tax and Loan Accounts 7,694 134,455 799,294 Inter-agency Transfers 493 4,422 31,441 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 8 $ 77 $ 2,908 $ 15,005 Deposits: Taxes Received (Table IV) 3 32 7,659 7,694 Transfers to Depositaries 0 10 385 396 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,895 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 1,021 1,021 Depositary Initiated 0 5 5,491 5,496 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 11 114 4,441 19,472 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday March 24, 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 $ 627 $ 42,808 $ 163,710 Business 138 3,897 35,746 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.