1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 26, 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 $ 4,944 $ 5,628 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 9,188 13,412 6,603 69,698 Total Operating Balance 14,132 19,040 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 26, 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) 16 325 2,794 Commodity Credit Corporation programs 65 885 5,540 Customs and Certain Excise Taxes 66 2,371 16,913 Deposits by States: Supplemental Security Income 0 61 2,033 Unemployment 10 273 9,021 Education Department programs 25 808 6,856 Energy Department programs 61 405 3,214 Estate and Gift Taxes 135 2,279 13,711 Federal Reserve Earnings 1,102 3,801 17,709 Foreign Deposits, Military Sales 140 1,582 8,239 FTD's Received (Table IV) 3,209 43,259 277,586 Housing and Urban Development programs 5 323 2,576 Individual Income and Employment Taxes, Not Withheld 926 9,794 115,429 Interest recd from T&L Depositaries 1 32 421 Justice Department programs 6 191 2,026 Postal Service 339 7,183 51,271 Public Debt Cash Issues (Table III-B) 370 300,956 2,361,328 Other Deposits: Air Transport Security Fees 1 24 974 Federal Housing Admin: Note Sales 55 165 783 Medicare Premiums 57 1,523 9,408 Total Other Deposits 113 5,267 29,529 Change in Balance of Uncollected Funds (closing balance $ 206) -40 -65 -47 Transfers from Depositaries 8,172 249,866 1,622,238 Total Federal Reserve Account 14,719 629,595 4,548,385 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,810 139,304 804,143 Transfers from Federal Reserve Account (Table V) 138 113,148 757,586 Total Tax and Loan Note Accounts (Table V) 3,948 252,452 1,561,728 Total Deposits (excluding transfers) 10,358 519,033 3,730,290 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 26, 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 55 799 19,648 Defense Vendor Payments (EFT) 1,723 26,566 166,362 Education Department programs 451 5,778 48,496 Energy Department programs 115 1,655 13,447 Federal Employees Insurance Payments 174 3,632 27,148 Fed. Highway Administration programs 65 2,385 15,867 Federal Salaries (EFT) 231 11,620 76,987 Food and Nutrition Service (misc) 90 3,128 19,098 Food Stamps 31 1,418 10,041 GSA programs 60 1,243 7,886 Health and Human Services Grants (misc) 255 5,388 38,272 Housing and Urban Development programs 142 4,220 27,688 Interest on Treasury Securities 1 1,855 86,783 Justice Department programs 49 786 6,072 Labor Dept. prgms (excl. unemployment) 41 935 6,267 Medicaid 410 13,398 95,259 Medicare 1,543 22,289 211,437 NASA programs 59 1,255 7,193 Postal Service Money Orders and Other 138 3,392 24,263 Public Debt Cash Redemp. (Table III-B) 249 275,713 2,155,996 Social Security Benefits (EFT) 6,300 41,060 241,794 Temporary Assistance for Needy Families (HHS) 23 929 8,697 Unemployment Insurance Benefits 175 3,198 18,666 Veterans Affairs programs 56 1,964 12,696 Other Withdrawals: HHS Deposit Fund Transfers to States 1/ 224 606 908 IRS Tax Refunds Individual (EFT) 288 30,212 128,297 Thrift Savings Plan Transfer 110 826 9,268 Transportation Security Admin. (DHS) 46 181 1,070 Unclassified 2,161 32,549 150,457 Total, Other Withdrawals 2,829 81,324 445,329 Transfers to Depositaries 138 113,148 757,586 Total Federal Reserve Account 15,403 629,076 4,548,980 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,172 249,866 1,622,238 Total Withdrawals (excluding transfers) 15,265 515,928 3,791,395 Net Change in Operating Cash Balance -4,907 3,105 -61,105 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 26, 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 1,880 6,015 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 218 1,930 Interest Increment 0 557 3,531 Government Account Series 143,988 2,644,877 17,589,264 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 283 4,415 33,405 Other 79 1,893 11,426 Total Issues 144,434 2,949,328 19,975,117 (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 49 932 7,205 Government Account Series 150,651 2,637,537 17,433,063 Domestic Series 0 0 516 Foreign Series 0 0 600 State and Local Series 119 4,659 45,242 Other 81 2,249 12,617 Total Redemptions 150,900 2,913,249 19,588,641 Net Change in Public Debt Outstanding -6,466 36,078 386,476 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 26, 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) 144,434 2,949,328 19,975,117 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 (-) 143,988 2,644,877 17,588,843 Interest Increment on United States Savings Securities (-) 0 557 3,531 Inflation-Protected Securities Increment 76 1,880 5,785 Total Public Debt Cash Issues Deposited in Federal Reserve Account 370 300,956 2,361,328 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 150,900 2,913,249 19,588,641 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 (-) 150,651 2,637,537 17,432,645 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 249 275,713 2,155,996 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 26, 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 $ 5,291,429 $ 5,291,290 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,102,701 4,109,305 4,098,247 3,958,348 Total Public Debt Outstanding 9,394,130 9,400,596 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 66,489 66,578 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 9,313,195 9,319,572 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 Wednesday March 26, 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 $ 6,912 $ 146,470 $ 920,883 Individual Income Taxes 23 459 3,865 Railroad Retirement Taxes 27 365 2,357 Excise Taxes 356 3,225 28,724 Corporation Income Taxes 181 36,853 155,267 Federal Unemployment Taxes 5 84 2,307 Estate and Gift Taxes & Misc IRS Rcpts. 1 52 359 Change in Balance of Unclassified Taxes -192 219 149 Total 7,311 187,727 1,113,912 These Receipts were deposited in: Federal Reserve Account: Directly 114 2,324 18,035 Collector Depositaries 3,094 40,935 259,551 Tax and Loan Accounts 3,810 139,304 804,143 Inter-agency Transfers 292 5,164 32,184 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 13 $ 138 $ 1,353 $ 13,412 Deposits: Taxes Received (Table IV) 6 62 3,742 3,810 Transfers to Depositaries 0 1 137 138 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 138 1,366 1,504 Depositary Initiated 1 5 1,755 1,760 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,907 Repo Investment 0 0 0 0 Closing Balance Today 19 58 2,111 9,188 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday March 26, 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 $ 498 $ 43,845 $ 164,747 Business 38 4,421 36,269 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.