1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 27, 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 $ 4,891 $ 4,944 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 19,955 9,188 6,603 69,698 Total Operating Balance 24,846 14,132 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 27, 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) 20 345 2,815 Commodity Credit Corporation programs 44 928 5,584 Customs and Certain Excise Taxes 60 2,431 16,973 Deposits by States: Supplemental Security Income 1 61 2,033 Unemployment 7 280 9,028 Education Department programs 27 834 6,883 Energy Department programs 81 485 3,295 Estate and Gift Taxes 35 2,315 13,746 Federal Reserve Earnings 0 3,801 17,709 Foreign Deposits, Military Sales 6 1,588 8,245 FTD's Received (Table IV) 843 44,102 278,429 Housing and Urban Development programs 30 353 2,607 Individual Income and Employment Taxes, Not Withheld 511 10,305 115,940 Interest recd from T&L Depositaries 2 34 423 Justice Department programs 46 236 2,071 Postal Service 335 7,518 51,606 Public Debt Cash Issues (Table III-B) 91,848 392,804 2,453,175 Other Deposits: Air Transport Security Fees 19 42 993 Medicare Premiums 176 1,700 9,585 Thrift Savings Plan Transfer 73 1,528 10,962 Total Other Deposits 268 5,535 29,797 Change in Balance of Uncollected Funds (closing balance $ 326) -120 -185 -168 Transfers from Depositaries 9,257 259,123 1,631,495 Total Federal Reserve Account 103,299 732,894 4,651,684 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,382 140,686 805,525 Transfers from Federal Reserve Account (Table V) 18,642 131,789 776,227 Total Tax and Loan Note Accounts (Table V) 20,024 272,476 1,581,752 Total Deposits (excluding transfers) 95,424 614,457 3,825,714 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 27, 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 17 816 19,665 Defense Vendor Payments (EFT) 1,273 27,839 167,635 Education Department programs 346 6,123 48,842 Energy Department programs 188 1,843 13,634 Federal Employees Insurance Payments 387 4,019 27,536 Fed. Highway Administration programs 86 2,471 15,953 Federal Salaries (EFT) 636 12,256 77,623 Food and Nutrition Service (misc) 82 3,210 19,181 Food Stamps 24 1,442 10,065 GSA programs 138 1,381 8,024 Health and Human Services Grants (misc) 470 5,858 38,742 Housing and Urban Development programs 85 4,305 27,773 Interest on Treasury Securities 2 1,857 86,785 Justice Department programs 37 823 6,110 Labor Dept. prgms (excl. unemployment) 57 991 6,324 Medicaid 1,233 14,631 96,492 Medicare 1,135 23,424 212,572 NASA programs 45 1,300 7,238 Postal Service Money Orders and Other 166 3,557 24,429 Public Debt Cash Redemp. (Table III-B) 75,366 351,078 2,231,361 Social Security Benefits (EFT) 11 41,071 241,806 Temporary Assistance for Needy Families (HHS) 365 1,295 9,063 Unemployment Insurance Benefits 134 3,331 18,799 Veterans Affairs programs 91 2,054 12,787 Other Withdrawals: Environmental Protection Agency 205 205 360 Interior 56 931 5,920 IRS Tax Refunds Individual (EFT) 291 30,483 128,568 Minerals Management Service 290 290 879 Transportation Security Admin. (DHS) 9 190 1,080 Unclassified 1,487 34,036 151,944 Total, Other Withdrawals 2,338 83,662 447,666 Transfers to Depositaries 18,642 131,789 776,227 Total Federal Reserve Account 103,352 732,428 4,652,332 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,257 259,123 1,631,495 Total Withdrawals (excluding transfers) 84,710 600,638 3,876,105 Net Change in Operating Cash Balance 10,714 13,819 -50,391 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 27, 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 70,000 325,488 1,894,667 Cash Management Series 20,000 50,001 162,001 Notes 0 9,998 329,626 Bonds 0 0 29,836 Inflation-Protected Securities Increment 76 1,956 6,091 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 229 1,940 Interest Increment 0 558 3,532 Government Account Series 151,186 2,796,063 17,740,449 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 1,969 6,384 35,374 Other 159 2,052 11,585 Total Issues 243,401 3,192,729 20,218,518 (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 74,612 342,485 1,856,353 Notes 0 0 297,528 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 975 7,248 Government Account Series 149,803 2,787,339 17,582,866 Domestic Series 0 0 516 Foreign Series 400 400 1,000 State and Local Series 162 4,820 45,403 Other 149 2,398 12,765 Total Redemptions 225,168 3,138,418 19,813,809 Net Change in Public Debt Outstanding 18,233 54,311 404,709 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 27, 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) 243,401 3,192,729 20,218,518 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 292 1,339 15,570 Bonds and Notes (-) 0 9 961 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 151,186 2,796,063 17,740,028 Interest Increment on United States Savings Securities (-) 0 558 3,532 Inflation-Protected Securities Increment 76 1,956 5,861 Total Public Debt Cash Issues Deposited in Federal Reserve Account 91,848 392,804 2,453,175 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 225,168 3,138,418 19,813,809 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 (-) 149,803 2,787,339 17,582,448 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 75,366 351,078 2,231,361 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 27, 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 $ 5,308,260 $ 5,291,429 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,104,102 4,102,701 4,098,247 3,958,348 Total Public Debt Outstanding 9,412,362 9,394,130 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 66,290 66,489 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 9,331,627 9,313,195 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 27, 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 $ 2,129 $ 148,600 $ 923,012 Individual Income Taxes 28 486 3,893 Railroad Retirement Taxes 4 369 2,360 Excise Taxes 105 3,330 28,830 Corporation Income Taxes 373 37,226 155,640 Federal Unemployment Taxes 3 88 2,311 Estate and Gift Taxes & Misc IRS Rcpts. 3 56 363 Change in Balance of Unclassified Taxes -66 153 84 Total 2,580 190,307 1,116,492 These Receipts were deposited in: Federal Reserve Account: Directly 346 2,669 18,381 Collector Depositaries 497 41,432 260,048 Tax and Loan Accounts 1,382 140,686 805,525 Inter-agency Transfers 355 5,519 32,539 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 19 $ 58 $ 2,111 $ 9,188 Deposits: Taxes Received (Table IV) 1 16 1,365 1,382 Transfers to Depositaries 0 1 62 63 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 18,579 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 1,980 1,980 Depositary Initiated 0 1 276 277 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,000 Repo Investment 0 0 0 0 Closing Balance Today 20 74 1,282 19,955 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday March 27, 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 $ 489 $ 44,315 $ 165,216 Business 38 4,440 36,288 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.