1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday May 02, 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 $ 5,288 $ 4,270 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 69,603 98,302 135,752 69,698 Total Operating Balance 74,891 102,573 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday May 02, 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) 28 53 4,001 Commodity Credit Corporation programs 55 102 7,123 Customs and Certain Excise Taxes 138 226 20,161 Deposits by States: Supplemental Security Income 0 0 2,749 Unemployment 2,916 4,322 17,226 Education Department programs 32 83 8,144 Energy Department programs 8 63 4,113 Estate and Gift Taxes 51 91 18,746 Federal Reserve Earnings 0 0 22,511 Foreign Deposits, Military Sales 68 864 10,668 FTD's Received (Table IV) 1,645 3,439 343,330 Housing and Urban Development programs 44 92 3,520 Individual Income and Employment Taxes, Not Withheld 359 982 342,950 Interest recd from T&L Depositaries 17 22 466 Justice Department programs 5 63 2,397 Postal Service 389 762 61,800 Public Debt Cash Issues (Table III-B) 274 56,191 2,943,879 Other Deposits: Total Other Deposits 0 398 57,034 Change in Balance of Uncollected Funds (closing balance $ 191) -46 173 -32 Transfers from Depositaries 58,679 111,632 2,036,962 Total Federal Reserve Account 64,662 179,559 5,907,747 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,377 17,688 988,645 Transfers from Federal Reserve Account (Table V) 23,602 27,795 1,048,222 Total Tax and Loan Note Accounts (Table V) 29,980 45,483 2,036,867 Total Deposits (excluding transfers) 12,361 85,614 4,859,430 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday May 02, 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 17 29 20,494 Defense Vendor Payments (EFT) 1,475 2,046 202,477 Education Department programs 391 589 56,689 Energy Department programs 131 269 16,713 Federal Employees Insurance Payments 145 330 33,519 Fed. Highway Administration programs 54 135 18,365 Federal Salaries (EFT) 2,900 3,385 93,904 Food and Nutrition Service (misc) 137 220 23,305 Food Stamps 25 41 11,602 GSA programs 13 447 9,969 Health and Human Services Grants (misc) 268 598 47,184 Housing and Urban Development programs 147 2,279 34,822 Interest on Treasury Securities 2 602 98,372 Justice Department programs 34 47 7,164 Labor Dept. prgms (excl. unemployment) 47 109 7,715 Medicaid 710 2,024 117,700 Medicare 1,248 13,798 268,680 NASA programs 76 107 8,741 Postal Service Money Orders and Other 161 298 29,230 Public Debt Cash Redemp. (Table III-B) 1,149 74,295 2,807,749 Social Security Benefits (EFT) 21,488 21,659 304,752 Temporary Assistance for Needy Families (HHS) 113 186 10,941 Unemployment Insurance Benefits 115 281 22,923 Veterans Affairs programs 124 219 15,494 Other Withdrawals: IRS Tax Refunds Individual (EFT) 1/ 7,155 7,221 177,308 Thrift Savings Plan Transfer 107 198 10,550 Transportation Security Admin. (DHS) 3 3 1,277 Unclassified 1,804 3,315 199,158 Total, Other Withdrawals 9,069 27,437 591,270 Transfers to Depositaries 23,602 27,795 1,048,222 Total Federal Reserve Account 63,644 179,226 5,907,998 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 58,679 111,632 2,036,962 Total Withdrawals (excluding transfers) 40,042 151,431 4,859,776 Net Change in Operating Cash Balance -27,682 -65,816 -346 1/Includes $5,097 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday May 02, 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 54,011 2,179,494 Cash Management Series 0 0 233,002 Notes -1 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 137 184 8,059 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 54 99 2,519 Interest Increment 0 532 4,731 Government Account Series 168,392 317,844 21,643,004 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 112 2,036 46,969 Other 109 304 14,709 Total Issues 168,802 375,008 24,616,238 (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 66,554 2,357,404 Notes 0 0 351,207 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 51 103 8,565 Government Account Series 166,597 330,794 21,469,083 Domestic Series 0 0 599 Foreign Series 0 600 1,600 State and Local Series 985 6,739 61,366 Other 113 301 16,461 Total Redemptions 167,746 405,090 24,276,416 Net Change in Public Debt Outstanding 1,056 -30,082 339,822 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday May 02, 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) 168,802 375,008 24,616,238 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 257 16,892 Bonds and Notes (-) 0 0 1,206 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 168,392 317,844 21,642,583 Interest Increment on United States Savings Securities (-) 0 532 4,731 Inflation-Protected Securities Increment 137 184 7,761 Total Public Debt Cash Issues Deposited in Federal Reserve Account 274 56,191 2,943,879 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 167,746 405,090 24,276,416 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 (-) 166,597 330,795 21,468,666 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 1,149 74,295 2,807,749 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday May 02, 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 2/ $ 5,227,386 $ 5,227,865 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,120,089 4,118,554 4,133,363 3,958,348 Total Public Debt Outstanding 9,347,475 9,346,419 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 65,192 64,732 64,543 71,877 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 50 50 50 69 Total Public Debt Subject to Limit 9,267,837 9,267,240 9,298,567 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). 2/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $878 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday May 02, 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 $ 8,580 $ 21,773 $ 1,105,650 Individual Income Taxes 11 27 15,642 Railroad Retirement Taxes 16 79 2,889 Excise Taxes 13 22 36,197 Corporation Income Taxes 34 94 204,071 Federal Unemployment Taxes 15 81 6,224 Estate and Gift Taxes & Misc IRS Rcpts. 3 13 466 Change in Balance of Unclassified Taxes 66 234 158 Total 8,737 22,321 1,371,297 These Receipts were deposited in: Federal Reserve Account: Directly 92 180 22,931 Collector Depositaries 1,552 3,259 320,399 Tax and Loan Accounts 6,377 17,688 988,645 Inter-agency Transfers 715 1,195 39,322 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 47 $ 511 $ 20,561 $ 98,302 Deposits: Taxes Received (Table IV) 5 51 6,322 6,377 Transfers to Depositaries 0 4 3,919 3,923 Special Direct Investment 0 0 0 284 Term Investment 0 0 0 18,395 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 27 23,228 23,256 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 34,423 Repo Investment 0 0 0 1,000 Closing Balance Today 50 540 7,573 69,603 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday May 02, 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 3/$ 13,329 $ 13,530 $ 242,806 Business 26 90 46,222 3/Includes $5,099 million for payments issued in accordance with provisions o f 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.