1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday April 28, 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 $ 6,299 $ 5,170 $ 5,552 $ 5,539 Tax and Loan Note Accounts (Table V) 72,979 54,191 40,587 69,698 Total Operating Balance 79,278 59,361 46,139 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday April 28, 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) 18 450 3,810 Commodity Credit Corporation programs 47 1,183 6,873 Customs and Certain Excise Taxes 93 2,420 19,556 Deposits by States: Supplemental Security Income 1 4 2,364 Unemployment 230 1,671 10,713 Education Department programs 69 936 7,939 Energy Department programs 66 516 3,864 Estate and Gift Taxes 132 4,212 18,162 Federal Reserve Earnings 0 4,481 22,190 Foreign Deposits, Military Sales 12 1,264 9,796 FTD's Received (Table IV) 1,997 50,161 333,104 Housing and Urban Development programs 0 658 3,332 Individual Income and Employment Taxes, Not Withheld 15,661 200,487 317,566 Interest recd from T&L Depositaries 0 20 443 Justice Department programs 7 220 2,319 Postal Service 369 7,914 60,231 Public Debt Cash Issues (Table III-B) 203 317,216 2,823,203 Other Deposits: Air Transport Security Fees 1 20 1,184 Federal Housing Admin: Note Sales 51 216 998 Thrift Savings Plan Transfer 58 680 11,691 Total Other Deposits 110 21,353 53,348 Change in Balance of Uncollected Funds (closing balance $ 212) 955 -109 -53 Transfers from Depositaries 7,106 264,096 1,914,600 Total Federal Reserve Account 27,075 879,152 5,613,358 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,603 145,817 962,754 Transfers from Federal Reserve Account (Table V) 17,292 150,671 955,127 Total Tax and Loan Note Accounts (Table V) 25,894 296,488 1,917,881 Total Deposits (excluding transfers) 28,571 760,874 4,661,511 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday April 28, 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 41 682 20,418 Defense Vendor Payments (EFT) 1,299 26,648 196,789 Education Department programs 210 5,823 55,461 Energy Department programs 78 2,253 16,196 Federal Employees Insurance Payments 131 4,479 32,549 Fed. Highway Administration programs 152 1,830 18,004 Federal Salaries (EFT) 111 12,353 90,211 Food and Nutrition Service (misc) 165 3,355 22,816 Food Stamps 46 1,326 11,508 GSA programs 58 1,313 9,424 Health and Human Services Grants (misc) 399 5,726 45,534 Housing and Urban Development programs 105 4,273 32,316 Interest on Treasury Securities 3 3,700 94,144 Justice Department programs 57 825 7,039 Labor Dept. prgms (excl. unemployment) 34 1,068 7,501 Medicaid 506 16,437 114,052 Medicare 1,191 37,122 252,125 NASA programs 56 1,230 8,518 Postal Service Money Orders and Other 137 3,459 28,422 Public Debt Cash Redemp. (Table III-B) 323 447,294 2,705,965 Social Security Benefits (EFT) 9 41,234 283,067 Temporary Assistance for Needy Families (HHS) 54 1,140 10,441 Unemployment Insurance Benefits 158 3,236 22,294 Veterans Affairs programs 173 2,116 15,139 Other Withdrawals: IRS Tax Refunds Business (EFT) 396 3,566 25,523 IRS Tax Refunds Individual (EFT) 1/ 805 33,827 168,659 Small Business Administration 53 53 374 State Department 86 137 2,784 Transportation Security Admin. (DHS) 17 157 1,253 Unclassified 1,798 37,779 192,328 Total, Other Withdrawals 3,156 98,813 557,539 Transfers to Depositaries 17,292 150,671 955,127 Total Federal Reserve Account 25,946 878,406 5,612,598 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,106 264,096 1,914,600 Total Withdrawals (excluding transfers) 8,654 727,735 4,657,471 Net Change in Operating Cash Balance 19,917 33,139 4,040 1/Includes $739 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday April 28, 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 -3 230,825 2,125,484 Cash Management Series 0 71,001 233,002 Notes 0 5,999 388,190 Bonds 0 0 29,836 Inflation-Protected Securities Increment 139 1,375 7,769 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 33 293 2,351 Interest Increment 0 667 4,199 Government Account Series 152,058 2,973,216 21,014,788 Domestic Series 0 83 599 Foreign Series 0 0 2,900 State and Local Series 65 7,385 42,819 Other 107 2,434 14,196 Total Issues 152,399 3,293,277 23,866,131 (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 48 1,033 8,369 Government Account Series 149,526 2,946,062 20,830,722 Domestic Series 0 83 599 Foreign Series 0 0 1,000 State and Local Series 165 8,716 54,319 Other 110 2,964 15,910 Total Redemptions 149,849 3,393,356 23,536,269 Net Change in Public Debt Outstanding 2,550 -100,078 329,862 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday April 28, 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) 152,399 3,293,277 23,866,131 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 (-) 152,058 2,973,216 21,014,367 Interest Increment on United States Savings Securities (-) 0 667 4,199 Inflation-Protected Securities Increment 139 1,320 7,484 Total Public Debt Cash Issues Deposited in Federal Reserve Account 203 317,216 2,823,203 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 149,849 3,393,356 23,536,269 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 (-) 149,526 2,946,062 20,830,304 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 323 447,294 2,705,965 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday April 28, 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 $ 5,207,326 $ 5,207,257 $ 5,334,116 $ 5,049,306 Intragovernmental Holdings 4,130,189 4,127,709 4,103,479 3,958,348 Total Public Debt Outstanding 9,337,516 9,334,966 9,437,594 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 63,422 63,630 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 9,259,649 9,256,891 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 Monday April 28, 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 $ 10,222 $ 137,143 $ 1,074,105 Individual Income Taxes 21 11,607 15,584 Railroad Retirement Taxes 56 368 2,798 Excise Taxes 108 3,524 34,205 Corporation Income Taxes 108 47,837 203,878 Federal Unemployment Taxes 103 564 2,900 Estate and Gift Taxes & Misc IRS Rcpts. 3 84 449 Change in Balance of Unclassified Taxes -13 4 13 Total 10,607 201,131 1,333,932 These Receipts were deposited in: Federal Reserve Account: Directly 297 2,931 21,923 Collector Depositaries 1,699 47,231 311,181 Tax and Loan Accounts 8,603 145,817 962,754 Inter-agency Transfers 8 5,153 38,074 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 25 $ 287 $ 5,679 $ 54,191 Deposits: Taxes Received (Table IV) 4 37 8,562 8,603 Transfers to Depositaries 5 80 3,727 3,812 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 13,480 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 12 7,094 7,106 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 33 391 10,874 72,979 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday April 28, 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 2/$ 961 $ 52,194 $ 227,520 Business 452 6,583 45,057 2/Includes $739 million for payments issued in accordance with provisions of the Economic Stimulus Act of 2008 (PL 110-185). 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.