1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday March 25, 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 $ 5,628 $ 4,880 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 13,412 19,472 6,603 69,698 Total Operating Balance 19,040 24,353 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday March 25, 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) 28 309 2,778 Commodity Credit Corporation programs 35 820 5,475 Customs and Certain Excise Taxes 81 2,305 16,847 Deposits by States: Supplemental Security Income 0 61 2,032 Unemployment 19 263 9,011 Education Department programs 38 782 6,831 Energy Department programs 63 344 3,153 Estate and Gift Taxes 71 2,144 13,575 Federal Reserve Earnings 0 2,699 16,607 Foreign Deposits, Military Sales 91 1,443 8,099 FTD's Received (Table IV) 658 40,050 274,377 Housing and Urban Development programs 30 318 2,572 Individual Income and Employment Taxes, Not Withheld 583 8,868 114,504 Interest recd from T&L Depositaries 3 31 420 Justice Department programs 17 185 2,020 Postal Service 389 6,844 50,932 Public Debt Cash Issues (Table III-B) 591 300,586 2,360,957 Other Deposits: Air Transport Security Fees 2 23 974 Medicare Premiums 132 1,466 9,351 Minerals Management Svc/Collections 190 521 5,415 Total Other Deposits 324 5,154 29,416 Change in Balance of Uncollected Funds (closing balance $ 166) -120 -25 -7 Transfers from Depositaries 14,256 241,695 1,614,066 Total Federal Reserve Account 17,156 614,876 4,533,666 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,039 135,494 800,332 Transfers from Federal Reserve Account (Table V) 7,157 113,010 757,448 Total Tax and Loan Note Accounts (Table V) 8,195 248,503 1,557,780 Total Deposits (excluding transfers) 3,939 508,675 3,719,932 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday March 25, 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 20 744 19,593 Defense Vendor Payments (EFT) 2,038 24,843 164,639 Education Department programs 390 5,326 48,045 Energy Department programs 112 1,540 13,331 Federal Employees Insurance Payments 243 3,458 26,974 Fed. Highway Administration programs 115 2,320 15,802 Federal Salaries (EFT) 395 11,389 76,756 Food and Nutrition Service (misc) 63 3,038 19,009 Food Stamps 40 1,387 10,010 GSA programs 25 1,183 7,826 Health and Human Services Grants (misc) 272 5,133 38,017 Housing and Urban Development programs 68 4,078 27,547 Interest on Treasury Securities 2 1,854 86,781 Justice Department programs 29 737 6,024 Labor Dept. prgms (excl. unemployment) 76 894 6,226 Medicaid 629 12,988 94,849 Medicare 1,439 20,746 209,894 NASA programs 13 1,196 7,134 Postal Service Money Orders and Other 198 3,254 24,126 Public Debt Cash Redemp. (Table III-B) 134 275,463 2,155,746 Social Security Benefits (EFT) 36 34,759 235,494 Temporary Assistance for Needy Families (HHS) 37 906 8,674 Unemployment Insurance Benefits 234 3,023 18,491 Veterans Affairs programs 80 1,907 12,640 Other Withdrawals: Emergency Prep & Response (DHS) 58 678 4,635 Federal Aviation Administration 57 493 3,665 Interior 57 830 5,818 IRS Tax Refunds Business (EFT) 149 1,927 20,148 IRS Tax Refunds Individual (EFT) 292 29,924 128,009 Thrift Savings Plan Transfer 91 716 9,158 Transportation Security Admin. (DHS) 3 135 1,024 USDA: Forest Service 82 166 1,455 Unclassified 1,777 30,388 148,297 Total, Other Withdrawals 2,566 78,495 442,500 Transfers to Depositaries 7,157 113,010 757,448 Total Federal Reserve Account 16,409 613,672 4,533,577 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 14,256 241,695 1,614,066 Total Withdrawals (excluding transfers) 9,252 500,663 3,776,129 Net Change in Operating Cash Balance -5,313 8,012 -56,198 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday March 25, 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 0 255,488 1,824,667 Cash Management Series 0 30,000 142,001 Notes 0 9,998 329,626 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 1,805 5,939 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 210 1,921 Interest Increment 0 557 3,531 Government Account Series 149,924 2,500,889 17,445,275 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 501 4,132 33,122 Other 79 1,814 11,347 Total Issues 150,591 2,804,893 19,830,682 (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 46 882 7,156 Government Account Series 145,578 2,486,886 17,282,412 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 7 4,540 45,123 Other 80 2,168 12,535 Total Redemptions 145,712 2,762,349 19,437,740 Net Change in Public Debt Outstanding 4,880 42,544 392,942 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday March 25, 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) 150,591 2,804,893 19,830,682 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 (-) 149,924 2,500,889 17,444,854 Interest Increment on United States Savings Securities (-) 0 557 3,531 Inflation-Protected Securities Increment 76 1,805 5,709 Total Public Debt Cash Issues Deposited in Federal Reserve Account 591 300,586 2,360,957 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,712 2,762,349 19,437,740 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 (-) 145,578 2,486,886 17,281,994 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 134 275,463 2,155,746 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday March 25, 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 $ 5,291,290 $ 5,290,715 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,109,305 4,105,001 4,098,247 3,958,348 Total Public Debt Outstanding 9,400,596 9,395,716 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 66,578 66,667 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 9,319,572 9,314,603 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 25, 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 $ 2,165 $ 139,558 $ 913,971 Individual Income Taxes 42 436 3,843 Railroad Retirement Taxes 1 339 2,330 Excise Taxes 113 2,869 28,368 Corporation Income Taxes 240 36,672 155,087 Federal Unemployment Taxes 4 79 2,303 Estate and Gift Taxes & Misc IRS Rcpts. 1 51 358 Change in Balance of Unclassified Taxes -420 411 342 Total 2,148 180,416 1,106,601 These Receipts were deposited in: Federal Reserve Account: Directly 82 2,209 17,921 Collector Depositaries 577 37,841 256,456 Tax and Loan Accounts 1,039 135,494 800,332 Inter-agency Transfers 451 4,872 31,892 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 11 $ 114 $ 4,441 $ 19,472 Deposits: Taxes Received (Table IV) 3 28 1,008 1,039 Transfers to Depositaries 0 1 156 157 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,990 3,990 Depositary Initiated 0 4 261 266 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,000 Repo Investment 0 0 0 0 Closing Balance Today 13 138 1,353 13,412 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday March 25, 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 $ 556 $ 43,347 $ 164,249 Business 486 4,383 36,232 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.