1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday April 03, 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 $ 3,558 $ 6,013 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 10,856 45,382 40,587 69,698 Total Operating Balance 14,414 51,395 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday April 03, 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) 30 128 3,487 Commodity Credit Corporation programs 53 202 5,891 Customs and Certain Excise Taxes 50 184 17,320 Deposits by States: Supplemental Security Income 0 0 2,360 Unemployment 22 53 9,095 Education Department programs 85 184 7,187 Energy Department programs 15 94 3,442 Estate and Gift Taxes 73 309 14,259 Federal Reserve Earnings 0 1,598 19,307 Foreign Deposits, Military Sales 37 856 9,387 FTD's Received (Table IV) 2,337 5,772 288,715 Housing and Urban Development programs 50 167 2,842 Individual Income and Employment Taxes, Not Withheld 922 3,353 120,432 Interest recd from T&L Depositaries 7 11 435 Justice Department programs 7 57 2,156 Postal Service 404 1,272 53,588 Public Debt Cash Issues (Table III-B) 65,275 93,793 2,599,780 Other Deposits: Federal Communications Commission 1,850 1,887 1,943 Medicare Premiums 60 154 9,898 Total Other Deposits 1,910 2,457 34,452 Change in Balance of Uncollected Funds (closing balance $ 166) 79 -62 -7 Transfers from Depositaries 37,758 79,602 1,730,107 Total Federal Reserve Account 109,115 190,028 4,924,234 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,629 21,524 838,461 Transfers from Federal Reserve Account (Table V) 1,602 28,347 832,803 Total Tax and Loan Note Accounts (Table V) 3,232 49,871 1,671,264 Total Deposits (excluding transfers) 72,987 131,950 4,032,588 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday April 03, 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 23 135 19,870 Defense Vendor Payments (EFT) 1,162 4,107 174,248 Education Department programs 241 801 50,439 Energy Department programs 106 538 14,482 Federal Employees Insurance Payments 178 716 28,786 Fed. Highway Administration programs 96 247 16,422 Federal Salaries (EFT) 193 1,048 78,906 Food and Nutrition Service (misc) 143 367 19,828 Food Stamps 55 112 10,294 GSA programs 104 522 8,634 Health and Human Services Grants (misc) 312 946 40,753 Housing and Urban Development programs 178 2,526 30,569 Interest on Treasury Securities 1 743 91,187 Justice Department programs 57 103 6,317 Labor Dept. prgms (excl. unemployment) 39 113 6,546 Medicaid 1,739 3,635 101,250 Medicare 1,122 15,014 230,018 NASA programs 87 174 7,461 Postal Service Money Orders and Other 214 433 25,396 Public Debt Cash Redemp. (Table III-B) 77,290 83,016 2,341,687 Social Security Benefits (EFT) 21,499 21,758 263,591 Temporary Assistance for Needy Families (HHS) 35 219 9,519 Unemployment Insurance Benefits 136 548 19,606 Veterans Affairs programs 65 240 13,264 Other Withdrawals: IRS Tax Refunds Business (EFT) 549 973 22,931 IRS Tax Refunds Individual (EFT) 262 807 135,640 Transportation Security Admin. (DHS) 8 9 1,105 Unclassified 1/ 4,073 6,311 160,860 Total, Other Withdrawals 4,892 25,614 484,340 Transfers to Depositaries 1,602 28,347 832,803 Total Federal Reserve Account 111,570 192,022 4,926,215 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 37,758 79,602 1,730,107 Total Withdrawals (excluding transfers) 109,968 163,675 4,093,411 Net Change in Operating Cash Balance -36,981 -31,725 -60,823 1/Includes $1.4 billion in government checks unprocessed on April 2, 2008. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday April 03, 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 62,995 62,995 1,957,654 Cash Management Series 0 26,001 188,002 Notes 0 -1 382,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 45 167 6,560 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 58 2,116 Interest Increment 0 663 4,195 Government Account Series 157,787 452,334 18,493,906 Domestic Series 0 0 516 Foreign Series 0 0 2,900 State and Local Series 2,352 4,674 40,108 Other 184 354 12,116 Total Issues 223,376 547,244 21,120,098 (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 76,157 76,157 1,932,510 Notes 0 0 324,369 Bonds 0 0 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 56 178 7,513 Government Account Series 163,376 464,397 18,349,057 Domestic Series 0 0 516 Foreign Series 0 0 1,000 State and Local Series 908 6,340 51,943 Other 170 341 13,288 Total Redemptions 240,666 547,413 20,690,326 Net Change in Public Debt Outstanding -17,290 -169 429,772 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday April 03, 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) 223,376 547,244 21,120,098 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 268 287 15,858 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 157,787 452,334 18,493,485 Interest Increment on United States Savings Securities (-) 0 663 4,195 Inflation-Protected Securities Increment 45 167 6,330 Total Public Debt Cash Issues Deposited in Federal Reserve Account 65,275 93,793 2,599,780 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 240,666 547,413 20,690,326 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 (-) 163,376 464,397 18,348,639 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 77,290 83,016 2,341,687 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday April 03, 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 2/ $ 5,346,608 $ 5,358,160 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,090,817 4,096,555 4,103,479 3,958,348 Total Public Debt Outstanding 9,437,425 9,454,715 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 65,039 64,860 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 9,357,940 9,375,410 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). 2/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $1,42 2 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday April 03, 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 $ 4,082 $ 27,706 $ 964,668 Individual Income Taxes 38 241 4,218 Railroad Retirement Taxes 4 52 2,481 Excise Taxes 8 27 30,708 Corporation Income Taxes 50 308 156,349 Federal Unemployment Taxes 10 33 2,370 Estate and Gift Taxes & Misc IRS Rcpts. 6 18 383 Change in Balance of Unclassified Taxes 112 136 145 Total 4,310 28,521 1,161,322 These Receipts were deposited in: Federal Reserve Account: Directly 58 231 19,223 Collector Depositaries 2,279 5,542 269,492 Tax and Loan Accounts 1,629 21,524 838,461 Inter-agency Transfers 343 1,225 34,146 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 7 $ 72 $ 5,256 $ 45,382 Deposits: Taxes Received (Table IV) 3 26 1,600 1,629 Transfers to Depositaries 0 1 101 102 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,500 Withdrawals: Treasury Initiated 0 0 3,068 3,068 Depositary Initiated 0 4 319 322 Special Direct Investment 0 0 0 5,645 Term Investment 0 0 0 26,223 Repo Investment 0 0 0 2,500 Closing Balance Today 9 86 3,581 3/ 10,856 3/Includes a Reclassification of the types of depositaries. 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday April 03, 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 $ 439 $ 1,394 $ 176,719 Business 4/ 651 1,510 39,984 4/This amount includes a return/reversal for $72 million for Business Tax Ref unds. 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.