1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday April 24, 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 $ 5,867 $ 5,570 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 46,715 44,122 40,587 69,698 Total Operating Balance 52,582 49,692 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday April 24, 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) 13 415 3,775 Commodity Credit Corporation programs 66 1,092 6,782 Customs and Certain Excise Taxes 73 2,248 19,384 Deposits by States: Supplemental Security Income 1 3 2,363 Unemployment 192 1,237 10,279 Education Department programs 22 840 7,844 Energy Department programs 29 431 3,779 Estate and Gift Taxes 328 3,768 17,718 Federal Reserve Earnings 0 4,481 22,190 Foreign Deposits, Military Sales 20 1,247 9,778 FTD's Received (Table IV) 718 46,746 329,688 Housing and Urban Development programs 30 628 3,303 Individual Income and Employment Taxes, Not Withheld 20,747 169,325 286,404 Interest recd from T&L Depositaries 3 20 443 Justice Department programs 6 206 2,306 Postal Service 316 7,233 59,549 Public Debt Cash Issues (Table III-B) 55,358 316,843 2,822,830 Other Deposits: Gas and Oil Lease Sales Proceeds 267 1,614 6,322 Medicare Premiums 190 1,369 11,114 Veterans Assets Sales 206 349 1,255 Total Other Deposits 662 20,867 52,862 Change in Balance of Uncollected Funds (closing balance $ 1,268) 322 -1,165 -1,109 Transfers from Depositaries 8,042 249,868 1,900,373 Total Federal Reserve Account 86,946 826,335 5,560,541 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,199 133,038 949,974 Transfers from Federal Reserve Account (Table V) 9,437 122,959 927,415 Total Tax and Loan Note Accounts (Table V) 10,635 255,997 1,877,390 Total Deposits (excluding transfers) 80,102 709,505 4,610,142 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday April 24, 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 31 623 20,359 Defense Vendor Payments (EFT) 1,532 24,444 194,584 Education Department programs 449 5,422 55,060 Energy Department programs 119 1,970 15,914 Federal Employees Insurance Payments 488 4,047 32,117 Fed. Highway Administration programs 35 1,647 17,821 Federal Salaries (EFT) 636 12,103 89,960 Food and Nutrition Service (misc) 121 3,105 22,565 Food Stamps 25 1,261 11,443 GSA programs 91 1,234 9,346 Health and Human Services Grants (misc) 281 4,967 44,775 Housing and Urban Development programs 79 4,067 32,110 Interest on Treasury Securities 2 3,695 94,139 Justice Department programs 34 740 6,954 Labor Dept. prgms (excl. unemployment) 68 968 7,401 Medicaid 1,263 15,365 112,981 Medicare 1,160 34,519 249,523 NASA programs 40 1,096 8,384 Postal Service Money Orders and Other 130 3,194 28,157 Public Debt Cash Redemp. (Table III-B) 68,533 446,625 2,705,297 Social Security Benefits (EFT) 45 41,172 283,005 Temporary Assistance for Needy Families (HHS) 23 1,041 10,342 Unemployment Insurance Benefits 126 2,982 22,040 Veterans Affairs programs 64 1,861 14,885 Other Withdrawals: Federal Transit Admin. 94 231 1,996 IRS Tax Refunds Individual (EFT) 112 23,889 158,721 Transportation Security Admin. (DHS) 1 134 1,230 Unclassified 1,630 34,698 189,246 Total, Other Withdrawals 1,837 84,912 543,638 Transfers to Depositaries 9,437 122,959 927,415 Total Federal Reserve Account 86,649 826,021 5,560,213 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,042 249,868 1,900,373 Total Withdrawals (excluding transfers) 77,213 703,061 4,632,798 Net Change in Operating Cash Balance 2,890 6,443 -22,655 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday April 24, 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 55,215 230,828 2,125,487 Cash Management Series 0 71,001 233,002 Notes 0 5,999 388,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 46 1,189 7,583 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 18 236 2,294 Interest Increment 0 667 4,198 Government Account Series 163,092 2,670,297 20,711,870 Domestic Series 0 83 599 Foreign Series 0 0 2,900 State and Local Series 199 7,283 42,718 Other 191 2,217 13,979 Total Issues 218,761 2,989,800 23,562,654 (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 68,216 434,497 2,290,850 Notes 0 0 324,370 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 949 8,284 Government Account Series 158,553 2,647,566 20,532,226 Domestic Series 0 83 599 Foreign Series 0 0 1,000 State and Local Series 102 8,356 53,959 Other 174 2,741 15,687 Total Redemptions 227,087 3,094,192 23,237,105 Net Change in Public Debt Outstanding -8,325 -104,392 325,549 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday April 24, 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) 218,761 2,989,800 23,562,654 Premium on New Issues 0 206 815 Discount on New Issues: Bills (-) 265 1,064 16,635 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 163,092 2,670,297 20,711,449 Interest Increment on United States Savings Securities (-) 0 667 4,198 Inflation-Protected Securities Increment 46 1,134 7,298 Total Public Debt Cash Issues Deposited in Federal Reserve Account 55,358 316,843 2,822,830 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 227,087 3,094,192 23,237,105 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 (-) 158,553 2,647,566 20,531,808 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 68,533 446,625 2,705,297 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday April 24, 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/ $ 5,207,367 $ 5,220,417 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,125,835 4,121,111 4,103,479 3,958,348 Total Public Debt Outstanding 9,333,202 9,341,527 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 63,699 63,506 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 9,255,059 9,263,577 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 $854 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday April 24, 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 $ 2,023 $ 121,620 $ 1,058,581 Individual Income Taxes 14 11,572 15,549 Railroad Retirement Taxes 5 298 2,727 Excise Taxes 72 2,935 33,616 Corporation Income Taxes 44 47,660 203,701 Federal Unemployment Taxes 34 385 2,721 Estate and Gift Taxes & Misc IRS Rcpts. 0 80 446 Change in Balance of Unclassified Taxes -62 92 101 Total 2,131 184,641 1,317,442 These Receipts were deposited in: Federal Reserve Account: Directly 250 2,541 21,534 Collector Depositaries 468 44,204 308,155 Tax and Loan Accounts 1,199 133,038 949,974 Inter-agency Transfers 214 4,858 37,779 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 20 $ 238 $ 8,704 $ 44,122 Deposits: Taxes Received (Table IV) 1 17 1,181 1,199 Transfers to Depositaries 0 1 66 67 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 8,370 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 1,759 1,760 Depositary Initiated 0 3 530 533 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,750 Repo Investment 0 0 0 0 Closing Balance Today 22 252 7,662 46,715 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday April 24, 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 $ 394 $ 37,783 $ 213,109 Business 29 5,935 44,409 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.