1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday April 14, 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 $ 5,545 $ 3,919 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 10,447 0 40,587 69,698 Total Operating Balance 15,992 3,919 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday April 14, 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) 9 267 3,627 Commodity Credit Corporation programs 52 628 6,317 Customs and Certain Excise Taxes 127 733 17,869 Deposits by States: Supplemental Security Income 0 2 2,362 Unemployment 56 335 9,376 Education Department programs 58 520 7,523 Energy Department programs 11 178 3,526 Estate and Gift Taxes 125 1,078 15,028 Federal Reserve Earnings 0 2,364 20,073 Foreign Deposits, Military Sales 6 1,036 9,567 FTD's Received (Table IV) 3,906 20,435 303,378 Housing and Urban Development programs 46 372 3,046 Individual Income and Employment Taxes, Not Withheld 2,152 21,597 138,676 Interest recd from T&L Depositaries 0 13 436 Justice Department programs 11 120 2,220 Postal Service 394 4,191 56,507 Public Debt Cash Issues (Table III-B) 199 175,308 2,681,295 Other Deposits: Defense Finance & Accounting Service 53 307 4,349 Total Other Deposits 53 4,315 36,310 Change in Balance of Uncollected Funds (closing balance $ 60) 164 44 99 Transfers from Depositaries 7,863 129,468 1,779,973 Total Federal Reserve Account 15,232 363,003 5,097,208 Tax and Loan Note Accounts: FTD's Received (Table IV) 12,950 59,957 876,894 Transfers from Federal Reserve Account (Table V) 5,359 39,371 843,827 Total Tax and Loan Note Accounts (Table V) 18,310 99,329 1,720,721 Total Deposits (excluding transfers) 20,320 293,491 4,194,129 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday April 14, 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 39 359 20,095 Defense Vendor Payments (EFT) 1,065 12,868 183,009 Education Department programs 363 2,809 52,448 Energy Department programs 89 1,223 15,167 Federal Employees Insurance Payments 246 2,167 30,237 Fed. Highway Administration programs 112 905 17,079 Federal Salaries (EFT) 101 6,438 84,296 Food and Nutrition Service (misc) 361 1,857 21,317 Food Stamps 171 797 10,979 GSA programs 54 838 8,949 Health and Human Services Grants (misc) 255 2,833 42,641 Housing and Urban Development programs 181 3,323 31,365 Interest on Treasury Securities 2 761 91,205 Justice Department programs 50 427 6,640 Labor Dept. prgms (excl. unemployment) 43 494 6,927 Medicaid 885 9,358 106,973 Medicare 978 23,307 238,311 NASA programs 54 531 7,818 Postal Service Money Orders and Other 233 1,944 26,907 Public Debt Cash Redemp. (Table III-B) 433 162,280 2,420,951 Social Security Benefits (EFT) 47 28,331 270,164 Temporary Assistance for Needy Families (HHS) 236 708 10,008 Unemployment Insurance Benefits 163 1,652 20,710 Veterans Affairs programs 162 1,187 14,210 Other Withdrawals: IRS Tax Refunds Business (EFT) 130 2,427 24,384 IRS Tax Refunds Individual (EFT) 417 13,537 148,369 Transportation Security Admin. (DHS) 8 82 1,178 Unclassified 1,372 21,120 175,669 Total, Other Withdrawals 1,926 56,244 514,969 Transfers to Depositaries 5,359 39,371 843,827 Total Federal Reserve Account 13,606 363,010 5,097,202 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,863 129,468 1,779,973 Total Withdrawals (excluding transfers) 8,246 323,638 4,253,374 Net Change in Operating Cash Balance 12,073 -30,147 -59,245 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday April 14, 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 -2 118,003 2,012,662 Cash Management Series 0 51,001 213,002 Notes 0 -1 382,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 138 672 7,066 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 129 2,187 Interest Increment 0 664 4,196 Government Account Series 142,909 1,454,411 19,495,983 Domestic Series 83 83 599 Foreign Series 0 0 2,900 State and Local Series 1 5,464 40,898 Other 108 1,192 12,954 Total Issues 143,246 1,631,618 22,204,471 (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 0 152,670 2,009,023 Notes 0 0 324,370 Bonds 0 0 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 60 575 7,910 Government Account Series 141,171 1,462,532 19,347,192 Domestic Series 0 0 516 Foreign Series 0 0 1,000 State and Local Series 261 7,312 52,915 Other 112 1,724 14,670 Total Redemptions 141,604 1,624,812 21,767,725 Net Change in Public Debt Outstanding 1,642 6,806 436,747 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday April 14, 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) 143,246 1,631,618 22,204,471 Premium on New Issues 0 0 609 Discount on New Issues: Bills (-) 0 563 16,133 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 142,909 1,454,411 19,495,562 Interest Increment on United States Savings Securities (-) 0 664 4,196 Inflation-Protected Securities Increment 138 672 6,836 Total Public Debt Cash Issues Deposited in Federal Reserve Account 199 175,308 2,681,295 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 141,604 1,624,812 21,767,725 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 (-) 141,171 1,462,532 19,346,774 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 433 162,280 2,420,951 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday April 14, 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/ $ 5,349,211 $ 5,349,313 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,095,189 4,093,444 4,103,479 3,958,348 Total Public Debt Outstanding 9,444,400 9,442,758 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,397 64,643 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 9,365,558 9,363,669 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 $886 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday April 14, 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 $ 9,227 $ 71,127 $ 1,008,088 Individual Income Taxes 1,465 3,014 6,991 Railroad Retirement Taxes 38 185 2,615 Excise Taxes 1,992 2,720 33,401 Corporation Income Taxes 3,975 5,571 161,612 Federal Unemployment Taxes 23 146 2,482 Estate and Gift Taxes & Misc IRS Rcpts. 18 50 415 Change in Balance of Unclassified Taxes 130 277 287 Total 16,867 83,090 1,215,891 These Receipts were deposited in: Federal Reserve Account: Directly 720 1,356 20,348 Collector Depositaries 3,186 19,079 283,030 Tax and Loan Accounts 12,950 59,957 876,894 Inter-agency Transfers 11 2,698 35,619 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 0 Deposits: Taxes Received (Table IV) 7 68 12,875 12,950 Transfers to Depositaries 0 27 1,332 1,359 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,000 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 5 7,857 7,863 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 7 91 6,350 10,447 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday April 14, 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 $ 589 $ 22,183 $ 197,508 Business 180 4,299 42,773 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.