1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday April 02, 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 $ 6,013 $ 6,613 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 45,382 41,787 40,587 69,698 Total Operating Balance 51,395 48,400 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday April 02, 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) 42 98 3,457 Commodity Credit Corporation programs 92 149 5,838 Customs and Certain Excise Taxes 55 134 17,270 Deposits by States: Supplemental Security Income 0 0 2,360 Unemployment 22 31 9,073 Education Department programs 47 99 7,103 Energy Department programs 25 78 3,426 Estate and Gift Taxes 193 236 14,186 Federal Reserve Earnings 1,598 1,598 19,307 Foreign Deposits, Military Sales 2 819 9,350 FTD's Received (Table IV) 1,731 3,435 286,378 Housing and Urban Development programs 40 117 2,791 Individual Income and Employment Taxes, Not Withheld 1,489 2,431 119,509 Interest recd from T&L Depositaries 0 4 427 Justice Department programs 7 49 2,149 Postal Service 394 867 53,184 Public Debt Cash Issues (Table III-B) 584 28,518 2,534,504 Other Deposits: Air Transport Security Fees 1 10 1,175 Gas and Oil Lease Sales Proceeds 135 135 4,844 Thrift Savings Plan Transfer 210 243 11,255 Total Other Deposits 346 547 32,542 Change in Balance of Uncollected Funds (closing balance $ 245) -71 -142 -87 Transfers from Depositaries 12,282 41,844 1,692,349 Total Federal Reserve Account 18,880 80,913 4,815,118 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,542 19,895 836,831 Transfers from Federal Reserve Account (Table V) 10,336 26,745 831,201 Total Tax and Loan Note Accounts (Table V) 15,877 46,640 1,668,032 Total Deposits (excluding transfers) 12,139 58,963 3,959,601 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday April 02, 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 91 111 19,847 Defense Vendor Payments (EFT) 2,386 2,946 173,087 Education Department programs 235 560 50,198 Energy Department programs 334 432 14,376 Federal Employees Insurance Payments 308 539 28,608 Fed. Highway Administration programs 61 151 16,325 Federal Salaries (EFT) 422 855 78,713 Food and Nutrition Service (misc) 163 224 19,685 Food Stamps 33 57 10,239 GSA programs 50 418 8,529 Health and Human Services Grants (misc) 351 633 40,441 Housing and Urban Development programs 166 2,348 30,390 Interest on Treasury Securities 2 742 91,186 Justice Department programs 24 46 6,259 Labor Dept. prgms (excl. unemployment) 44 74 6,507 Medicaid 1,000 1,896 99,511 Medicare 1,578 13,892 228,896 NASA programs 82 87 7,374 Postal Service Money Orders and Other 70 219 25,182 Public Debt Cash Redemp. (Table III-B) 228 5,726 2,264,397 Social Security Benefits (EFT) 65 259 242,091 Temporary Assistance for Needy Families (HHS) 80 184 9,484 Unemployment Insurance Benefits 178 412 19,470 Veterans Affairs programs 46 175 13,199 Other Withdrawals: Deposit Insurance Fund (net) -125 -124 150 Interior 50 88 6,151 IRS Tax Refunds Business (EFT) 66 431 22,389 IRS Tax Refunds Individual (EFT) 280 547 135,379 Unclassified 875 2,238 156,787 Total, Other Withdrawals 1,146 20,722 479,448 Transfers to Depositaries 10,336 26,745 831,201 Total Federal Reserve Account 19,479 80,452 4,814,644 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,282 41,844 1,692,349 Total Withdrawals (excluding transfers) 9,144 53,707 3,983,444 Net Change in Operating Cash Balance 2,995 5,256 -23,842 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday April 02, 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 0 1,894,659 Cash Management Series 0 26,001 188,002 Notes -1 -1 382,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 46 122 6,515 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 28 46 2,104 Interest Increment 0 663 4,195 Government Account Series 148,341 294,546 18,336,119 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 473 2,322 37,756 Other 84 170 11,932 Total Issues 148,972 323,868 20,896,722 (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 0 1,856,353 Notes 0 0 324,369 Bonds 0 0 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 62 122 7,457 Government Account Series 140,574 301,021 18,185,681 Domestic Series 0 0 516 Foreign Series 0 0 1,000 State and Local Series 81 5,433 51,036 Other 85 171 13,118 Total Redemptions 140,802 306,747 20,449,660 Net Change in Public Debt Outstanding 8,170 17,121 447,062 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday April 02, 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) 148,972 323,868 20,896,722 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 20 15,590 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 148,341 294,546 18,335,698 Interest Increment on United States Savings Securities (-) 0 663 4,195 Inflation-Protected Securities Increment 46 122 6,285 Total Public Debt Cash Issues Deposited in Federal Reserve Account 584 28,518 2,534,504 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 140,802 306,747 20,449,660 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 (-) 140,574 301,021 18,185,263 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 228 5,726 2,264,397 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday April 02, 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 1/ $ 5,358,160 $ 5,357,331 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,096,555 4,089,214 4,103,479 3,958,348 Total Public Debt Outstanding 9,454,715 9,446,546 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,860 64,947 65,014 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 9,375,410 9,367,153 9,358,135 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/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $2,16 4 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday April 02, 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 $ 7,420 $ 23,624 $ 960,586 Individual Income Taxes 47 203 4,180 Railroad Retirement Taxes 10 48 2,477 Excise Taxes 9 19 30,700 Corporation Income Taxes 101 258 156,299 Federal Unemployment Taxes 12 24 2,360 Estate and Gift Taxes & Misc IRS Rcpts. 3 12 377 Change in Balance of Unclassified Taxes 54 23 33 Total 7,656 24,211 1,157,012 These Receipts were deposited in: Federal Reserve Account: Directly 74 172 19,164 Collector Depositaries 1,657 3,263 267,214 Tax and Loan Accounts 5,542 19,895 836,831 Inter-agency Transfers 383 881 33,802 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 45 $ 392 $ 10,882 $ 41,787 Deposits: Taxes Received (Table IV) 7 72 5,463 5,542 Transfers to Depositaries 0 4 251 256 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,580 Repo Investment 0 0 0 2,500 Withdrawals: Treasury Initiated 45 392 6,992 7,430 Depositary Initiated 1 5 4,348 4,353 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 500 Closing Balance Today 7 72 5,256 45,382 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday April 02, 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 $ 461 $ 956 $ 176,282 Business 153 866 39,341 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.