1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday April 16, 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 $ 4,614 $ 6,600 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 15,727 14,771 40,587 69,698 Total Operating Balance 20,341 21,371 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday April 16, 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) 13 322 3,681 Commodity Credit Corporation programs 62 771 6,461 Customs and Certain Excise Taxes 65 890 18,026 Deposits by States: Supplemental Security Income 0 2 2,362 Unemployment 78 496 9,537 Education Department programs 33 595 7,598 Energy Department programs 20 205 3,553 Estate and Gift Taxes 253 1,525 15,474 Federal Reserve Earnings 1,401 3,764 21,473 Foreign Deposits, Military Sales 34 1,099 9,631 FTD's Received (Table IV) 2,351 34,860 317,803 Housing and Urban Development programs 27 434 3,109 Individual Income and Employment Taxes, Not Withheld 8,104 45,559 162,638 Interest recd from T&L Depositaries 0 14 437 Justice Department programs 12 140 2,239 Postal Service 413 5,069 57,386 Public Debt Cash Issues (Table III-B) 20,450 202,325 2,708,312 Other Deposits: Federal Communications Commission 859 2,781 2,837 Total Other Deposits 859 5,285 37,280 Change in Balance of Uncollected Funds (closing balance $ 758) -352 -655 -600 Transfers from Depositaries 21,096 190,950 1,841,454 Total Federal Reserve Account 54,920 493,650 5,227,855 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,882 105,550 922,486 Transfers from Federal Reserve Account (Table V) 16,171 60,541 864,997 Total Tax and Loan Note Accounts (Table V) 22,053 166,091 1,787,483 Total Deposits (excluding transfers) 39,706 408,249 4,308,887 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday April 16, 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 57 448 20,184 Defense Vendor Payments (EFT) 1,139 15,840 185,981 Education Department programs 199 3,281 52,920 Energy Department programs 75 1,392 15,336 Federal Employees Insurance Payments 196 2,628 30,698 Fed. Highway Administration programs 114 1,133 17,307 Federal Salaries (EFT) 191 6,854 84,712 Food and Nutrition Service (misc) 176 2,182 21,642 Food Stamps 59 999 11,181 GSA programs 44 930 9,042 Health and Human Services Grants (misc) 286 3,497 43,305 Housing and Urban Development programs 100 3,519 31,562 Interest on Treasury Securities 3 3,685 94,129 Justice Department programs 53 503 6,716 Labor Dept. prgms (excl. unemployment) 44 560 6,993 Medicaid 710 10,559 108,174 Medicare 1,757 26,217 241,221 NASA programs 39 637 7,924 Postal Service Money Orders and Other 131 2,227 27,191 Public Debt Cash Redemp. (Table III-B) 26,158 244,097 2,502,768 Social Security Benefits (EFT) 6,222 34,593 276,425 Temporary Assistance for Needy Families (HHS) 80 876 10,177 Unemployment Insurance Benefits 174 2,040 21,098 Veterans Affairs programs 70 1,345 14,369 Other Withdrawals: Emergency Prep & Response (DHS) 56 435 5,235 Federal Transit Admin. 137 137 1,902 Interior 51 526 6,589 IRS Tax Refunds Business (EFT) 191 2,697 24,654 IRS Tax Refunds Individual (EFT) 305 14,117 148,949 Transportation Security Admin. (DHS) 11 94 1,190 Unclassified 1,913 24,849 179,398 Total, Other Withdrawals 2,662 64,002 522,727 Transfers to Depositaries 16,171 60,541 864,997 Total Federal Reserve Account 56,907 494,588 5,228,780 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 21,096 190,950 1,841,454 Total Withdrawals (excluding transfers) 40,735 434,047 4,363,783 Net Change in Operating Cash Balance -1,030 -25,797 -54,896 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday April 16, 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 0 118,003 2,012,662 Cash Management Series 20,000 71,001 233,002 Notes 0 5,999 388,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 45 818 7,212 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 148 2,205 Interest Increment 1 665 4,196 Government Account Series 148,207 1,757,552 19,799,124 Domestic Series 0 83 599 Foreign Series 0 0 2,900 State and Local Series 343 6,002 41,437 Other 104 1,399 13,161 Total Issues 168,709 1,961,669 22,534,523 (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 26,001 233,670 2,090,024 Notes 0 0 324,370 Bonds 0 0 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 676 8,012 Government Account Series 150,900 1,754,448 19,639,108 Domestic Series 0 83 599 Foreign Series 0 0 1,000 State and Local Series 6 7,735 53,339 Other 102 1,932 14,878 Total Redemptions 177,058 1,998,545 22,141,458 Net Change in Public Debt Outstanding -8,349 -36,876 393,064 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday April 16, 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) 168,709 1,961,669 22,534,523 Premium on New Issues 0 206 815 Discount on New Issues: Bills (-) 7 570 16,140 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 148,207 1,757,552 19,798,703 Interest Increment on United States Savings Securities (-) 1 665 4,196 Inflation-Protected Securities Increment 45 763 6,926 Total Public Debt Cash Issues Deposited in Federal Reserve Account 20,450 202,325 2,708,312 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 177,058 1,998,545 22,141,458 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 (-) 150,900 1,754,448 19,638,690 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 26,158 244,097 2,502,768 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday April 16, 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 $ 5,294,375 $ 5,299,898 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,106,343 4,109,169 4,103,479 3,958,348 Total Public Debt Outstanding 9,400,718 9,409,067 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,247 64,315 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 9,322,025 9,330,307 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday April 16, 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 $ 6,328 $ 82,113 $ 1,019,074 Individual Income Taxes 1,034 9,380 13,357 Railroad Retirement Taxes 26 214 2,643 Excise Taxes 10 2,781 33,462 Corporation Income Taxes 99 47,213 203,254 Federal Unemployment Taxes 25 205 2,541 Estate and Gift Taxes & Misc IRS Rcpts. 6 67 432 Change in Balance of Unclassified Taxes 714 1,199 1,209 Total 8,242 143,172 1,275,972 These Receipts were deposited in: Federal Reserve Account: Directly 116 1,533 20,525 Collector Depositaries 2,236 33,327 297,278 Tax and Loan Accounts 5,882 105,550 922,486 Inter-agency Transfers 9 2,762 35,683 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 26 $ 226 $ 10,769 $ 14,771 Deposits: Taxes Received (Table IV) 13 102 5,766 5,882 Transfers to Depositaries 0 4 676 680 Special Direct Investment 0 0 0 929 Term Investment 0 0 0 14,562 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 113 12,472 12,585 Depositary Initiated 3 19 4,739 4,761 Special Direct Investment 0 0 0 1,750 Term Investment 0 0 0 0 Repo Investment 0 0 0 2,000 Closing Balance Today 37 199 0 15,727 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday April 16, 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 $ 506 $ 23,178 $ 198,504 Business 236 5,046 43,520 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.