1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday April 25, 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 $ 5,170 $ 5,867 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 54,191 46,715 40,587 69,698 Total Operating Balance 59,361 52,582 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday April 25, 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) 17 432 3,792 Commodity Credit Corporation programs 43 1,136 6,825 Customs and Certain Excise Taxes 79 2,327 19,463 Deposits by States: Supplemental Security Income 0 3 2,363 Unemployment 204 1,441 10,483 Education Department programs 26 866 7,870 Energy Department programs 19 450 3,798 Estate and Gift Taxes 312 4,080 18,030 Federal Reserve Earnings 0 4,481 22,190 Foreign Deposits, Military Sales 6 1,253 9,784 FTD's Received (Table IV) 1,419 48,164 331,107 Housing and Urban Development programs 29 657 3,332 Individual Income and Employment Taxes, Not Withheld 15,500 184,826 301,905 Interest recd from T&L Depositaries 0 20 443 Justice Department programs 7 213 2,313 Postal Service 313 7,546 59,862 Public Debt Cash Issues (Table III-B) 170 317,014 2,823,000 Other Deposits: Air Transport Security Fees 1 18 1,183 Medicare Premiums 159 1,528 11,273 Minerals Management Svc/Collections 216 453 6,520 Total Other Deposits 376 21,243 53,238 Change in Balance of Uncollected Funds (closing balance $ 1,167) 101 -1,063 -1,008 Transfers from Depositaries 7,121 256,989 1,907,494 Total Federal Reserve Account 25,743 852,077 5,586,283 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,177 137,214 954,151 Transfers from Federal Reserve Account (Table V) 10,420 133,379 937,835 Total Tax and Loan Note Accounts (Table V) 14,597 270,594 1,891,986 Total Deposits (excluding transfers) 22,798 732,302 4,632,940 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday April 25, 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 18 641 20,377 Defense Vendor Payments (EFT) 906 25,349 195,490 Education Department programs 190 5,612 55,250 Energy Department programs 205 2,175 16,118 Federal Employees Insurance Payments 301 4,348 32,418 Fed. Highway Administration programs 30 1,677 17,852 Federal Salaries (EFT) 139 12,242 90,100 Food and Nutrition Service (misc) 85 3,190 22,650 Food Stamps 19 1,280 11,462 GSA programs 21 1,255 9,366 Health and Human Services Grants (misc) 360 5,327 45,135 Housing and Urban Development programs 101 4,168 32,210 Interest on Treasury Securities 3 3,698 94,142 Justice Department programs 28 768 6,982 Labor Dept. prgms (excl. unemployment) 65 1,034 7,466 Medicaid 566 15,931 113,546 Medicare 1,411 35,931 250,934 NASA programs 78 1,175 8,462 Postal Service Money Orders and Other 127 3,321 28,285 Public Debt Cash Redemp. (Table III-B) 345 446,970 2,705,642 Social Security Benefits (EFT) 53 41,225 283,058 Temporary Assistance for Needy Families (HHS) 45 1,086 10,386 Unemployment Insurance Benefits 96 3,078 22,135 Veterans Affairs programs 82 1,943 14,967 Other Withdrawals: IRS Tax Refunds Business (EFT) 177 3,169 25,127 IRS Tax Refunds Individual (EFT) 9,133 33,022 167,854 Library of Congress 147 147 205 Transportation Security Admin. (DHS) 6 139 1,236 Unclassified 1,283 35,980 190,529 Total, Other Withdrawals 10,745 95,657 554,383 Transfers to Depositaries 10,420 133,379 937,835 Total Federal Reserve Account 26,439 852,460 5,586,652 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,121 256,989 1,907,494 Total Withdrawals (excluding transfers) 16,019 719,081 4,648,817 Net Change in Operating Cash Balance 6,779 13,222 -15,876 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday April 25, 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 0 230,828 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 47 1,236 7,630 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 24 260 2,318 Interest Increment 0 667 4,199 Government Account Series 150,861 2,821,158 20,862,730 Domestic Series 0 83 599 Foreign Series 0 0 2,900 State and Local Series 36 7,320 42,754 Other 110 2,327 14,089 Total Issues 151,078 3,140,878 23,713,732 (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 0 434,497 2,290,850 Notes 0 0 324,370 Bonds 0 1 10,130 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 985 8,321 Government Account Series 148,970 2,796,536 20,681,196 Domestic Series 0 83 599 Foreign Series 0 0 1,000 State and Local Series 195 8,551 54,154 Other 113 2,854 15,800 Total Redemptions 149,315 3,243,506 23,386,419 Net Change in Public Debt Outstanding 1,764 -102,628 327,312 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday April 25, 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) 151,078 3,140,878 23,713,732 Premium on New Issues 0 206 815 Discount on New Issues: Bills (-) 0 1,064 16,635 Bonds and Notes (-) 0 0 1,059 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 150,861 2,821,158 20,862,309 Interest Increment on United States Savings Securities (-) 0 667 4,199 Inflation-Protected Securities Increment 47 1,181 7,345 Total Public Debt Cash Issues Deposited in Federal Reserve Account 170 317,014 2,823,000 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 149,315 3,243,506 23,386,419 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 (-) 148,970 2,796,536 20,680,778 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 345 446,970 2,705,642 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday April 25, 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 $ 5,207,257 $ 5,207,367 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,127,709 4,125,835 4,103,479 3,958,348 Total Public Debt Outstanding 9,334,966 9,333,202 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 63,630 63,699 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 9,256,891 9,255,059 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 Friday April 25, 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 $ 5,302 $ 126,921 $ 1,063,883 Individual Income Taxes 14 11,586 15,563 Railroad Retirement Taxes 15 313 2,742 Excise Taxes 481 3,416 34,097 Corporation Income Taxes 70 47,730 203,771 Federal Unemployment Taxes 76 461 2,797 Estate and Gift Taxes & Misc IRS Rcpts. 1 81 446 Change in Balance of Unclassified Taxes -75 17 26 Total 5,883 190,524 1,323,325 These Receipts were deposited in: Federal Reserve Account: Directly 92 2,633 21,625 Collector Depositaries 1,327 45,531 309,482 Tax and Loan Accounts 4,177 137,214 954,151 Inter-agency Transfers 287 5,145 38,066 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 22 $ 252 $ 7,662 $ 46,715 Deposits: Taxes Received (Table IV) 4 47 4,127 4,177 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,420 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,857 3,857 Depositary Initiated 0 12 2,252 2,264 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Closing Balance Today 25 287 5,679 54,191 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday April 25, 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 $ 13,450 $ 51,233 $ 226,559 Business 196 6,131 44,605 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.