1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday March 31, 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 $ 5,552 $ 4,346 $ 4,424 $ 5,539 Tax and Loan Note Accounts (Table V) 40,587 15,414 6,603 69,698 Total Operating Balance 46,139 19,760 11,027 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday March 31, 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) 515 890 3,360 Commodity Credit Corporation programs 68 1,034 5,690 Customs and Certain Excise Taxes 71 2,594 17,136 Deposits by States: Supplemental Security Income 32 388 2,360 Unemployment 8 294 9,042 Education Department programs 27 955 7,003 Energy Department programs 32 539 3,348 Estate and Gift Taxes 75 2,519 13,950 Federal Reserve Earnings 0 3,801 17,709 Foreign Deposits, Military Sales 28 1,875 8,532 FTD's Received (Table IV) 2,460 48,616 282,943 Housing and Urban Development programs 39 421 2,675 Individual Income and Employment Taxes, Not Withheld 642 11,443 117,079 Interest recd from T&L Depositaries 0 34 423 Justice Department programs 15 264 2,100 Postal Service 386 8,229 52,316 Public Debt Cash Issues (Table III-B) 52,669 445,616 2,505,987 Other Deposits: Air Transport Security Fees 163 214 1,165 Comptroller of the Currency-Assessment 356 356 356 Defense Finance & Accounting Service 50 679 4,042 FSA Tobacco Assessments 180 208 604 Interntl Security Assistance (DSCA) 289 289 363 Medicare Premiums 146 1,859 9,745 Minerals Management Svc/Collections 609 1,173 6,067 Total Other Deposits 1,792 7,733 31,995 Change in Balance of Uncollected Funds (closing balance $ 104) 121 38 55 Transfers from Depositaries 5,932 278,132 1,650,504 Total Federal Reserve Account 64,912 815,415 4,734,206 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,451 152,098 816,937 Transfers from Federal Reserve Account (Table V) 24,653 160,018 804,456 Total Tax and Loan Note Accounts (Table V) 31,105 312,116 1,621,393 Total Deposits (excluding transfers) 65,431 689,381 3,900,638 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday March 31, 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 45 887 19,736 Defense Vendor Payments (EFT) 1,365 30,344 170,141 Education Department programs 306 6,920 49,638 Energy Department programs 185 2,152 13,944 Federal Employees Insurance Payments 314 4,554 28,070 Fed. Highway Administration programs 111 2,692 16,174 Federal Salaries (EFT) 138 12,491 77,858 Food and Nutrition Service (misc) 217 3,490 19,460 Food Stamps 80 1,559 10,182 GSA programs 63 1,468 8,112 Health and Human Services Grants (misc) 506 6,923 39,808 Housing and Urban Development programs 122 4,574 28,042 Interest on Treasury Securities 3,654 5,516 90,444 Justice Department programs 24 927 6,214 Labor Dept. prgms (excl. unemployment) 53 1,100 6,433 Medicaid 461 15,754 97,615 Medicare 1,126 25,856 215,003 NASA programs 11 1,348 7,287 Postal Service Money Orders and Other 402 4,092 24,964 Public Debt Cash Redemp. (Table III-B) 27,109 378,388 2,258,671 Social Security Benefits (EFT) 15 41,098 241,833 Temporary Assistance for Needy Families (HHS) 87 1,533 9,300 Unemployment Insurance Benefits 151 3,590 19,058 Veterans Affairs programs 129 2,291 13,024 Other Withdrawals: Customs and Borders Protection (DHS) 60 119 174 Emergency Prep & Response (DHS) 51 843 4,800 IRS Tax Refunds Business (EFT) 97 3,736 21,957 IRS Tax Refunds Individual (EFT) 327 36,762 134,847 National Credit Union Administration 101 198 258 Pension Benefit Guaranty Corp. 355 355 2,125 State Department 1/ -104 664 2,647 Transportation Security Admin. (DHS) 11 207 1,096 Unclassified 1,476 36,641 154,549 Total, Other Withdrawals 2,376 94,721 458,725 Transfers to Depositaries 24,653 160,018 804,456 Total Federal Reserve Account 63,706 814,287 4,734,192 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,932 278,132 1,650,504 Total Withdrawals (excluding transfers) 39,052 654,270 3,929,736 Net Change in Operating Cash Balance 26,379 35,111 -29,098 1/This amount includes a return/reversal for $135 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday March 31, 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 -8 325,480 1,894,659 Cash Management Series 0 50,001 162,001 Notes 52,564 62,562 382,191 Bonds 0 0 29,836 Inflation-Protected Securities Increment 227 2,259 6,393 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 104 346 2,058 Interest Increment 0 558 3,532 Government Account Series 155,396 3,097,186 18,041,572 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 19 6,444 35,434 Other 88 2,229 11,762 Total Issues 208,391 3,547,064 20,572,854 (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 0 342,485 1,856,353 Notes 26,842 26,842 324,369 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 1,062 7,335 Government Account Series 151,621 3,089,133 17,884,660 Domestic Series 0 0 516 Foreign Series 0 400 1,000 State and Local Series 132 5,020 45,603 Other 87 2,579 12,946 Total Redemptions 178,730 3,467,522 20,142,913 Net Change in Public Debt Outstanding 29,661 79,543 429,941 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday March 31, 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) 208,391 3,547,064 20,572,854 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 1,339 15,570 Bonds and Notes (-) 98 107 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 155,396 3,097,186 18,041,151 Interest Increment on United States Savings Securities (-) 0 558 3,532 Inflation-Protected Securities Increment 227 2,259 6,163 Total Public Debt Cash Issues Deposited in Federal Reserve Account 52,669 445,616 2,505,987 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 178,730 3,467,522 20,142,913 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 (-) 151,621 3,089,133 17,884,242 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 27,109 378,388 2,258,671 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday March 31, 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 $ 5,334,116 $ 5,308,272 $ 5,259,804 $ 5,049,306 Intragovernmental Holdings 4,103,479 4,099,661 4,098,247 3,958,348 Total Public Debt Outstanding 9,437,594 9,407,933 9,358,051 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 499 502 Unamortized Discount 65,014 66,204 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 9,358,135 9,327,283 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 31, 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 $ 8,784 $ 162,549 $ 936,961 Individual Income Taxes 44 570 3,977 Railroad Retirement Taxes 59 438 2,429 Excise Taxes 43 5,182 30,681 Corporation Income Taxes 281 37,627 156,041 Federal Unemployment Taxes 18 113 2,336 Estate and Gift Taxes & Misc IRS Rcpts. 2 58 365 Change in Balance of Unclassified Taxes -23 79 9 Total 9,209 206,615 1,132,801 These Receipts were deposited in: Federal Reserve Account: Directly 78 3,281 18,992 Collector Depositaries 2,382 45,335 263,951 Tax and Loan Accounts 6,451 152,098 816,937 Inter-agency Transfers 297 5,901 32,921 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 24 $ 121 $ 0 $ 15,414 Deposits: Taxes Received (Table IV) 6 68 6,378 6,451 Transfers to Depositaries 11 163 8,222 8,396 Special Direct Investment 0 0 0 4,500 Term Investment 0 0 0 11,757 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 33 3,518 3,553 Special Direct Investment 0 0 0 2,379 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 38 319 11,083 40,587 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday March 31, 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 $ 529 2/$ 54,439 2/$ 175,341 Business 338 6,626 38,474 2/Does not include $831 million offset by FMS for the month of March 2008, an d $2,339 million for the fiscal year-to-date for Treasury Offset Program ag ainst Tax Refunds issued. 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.