1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday May 05, 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 $ 4,133 $ 5,288 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 70,882 69,603 135,752 69,698 Total Operating Balance 75,014 74,891 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday May 05, 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) 34 86 4,035 Commodity Credit Corporation programs 42 143 7,165 Customs and Certain Excise Taxes 87 314 20,248 Deposits by States: Supplemental Security Income 0 0 2,750 Unemployment 1,690 6,012 18,916 Education Department programs 59 142 8,203 Energy Department programs 21 84 4,134 Estate and Gift Taxes 62 153 18,807 Federal Reserve Earnings 0 0 22,511 Foreign Deposits, Military Sales 3 867 10,671 FTD's Received (Table IV) 2,297 5,736 345,627 Housing and Urban Development programs 2 94 3,522 Individual Income and Employment Taxes, Not Withheld 242 1,223 343,192 Interest recd from T&L Depositaries 2 24 468 Justice Department programs 14 78 2,411 Postal Service 465 1,227 62,265 Public Debt Cash Issues (Table III-B) 165 56,357 2,944,045 Other Deposits: Air Transport Security Fees 1 7 1,388 Defense Finance & Accounting Service 67 115 4,860 Federal Housing Admin: Note Sales 54 54 1,053 Total Other Deposits 122 521 57,156 Change in Balance of Uncollected Funds (closing balance $ 43) 148 320 116 Transfers from Depositaries 18,322 129,954 2,055,284 Total Federal Reserve Account 23,777 203,336 5,931,524 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,913 25,601 996,558 Transfers from Federal Reserve Account (Table V) 11,688 39,483 1,059,910 Total Tax and Loan Note Accounts (Table V) 19,601 65,084 2,056,467 Total Deposits (excluding transfers) 13,368 98,983 4,872,798 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday May 05, 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 43 72 20,537 Defense Vendor Payments (EFT) 1,237 3,283 203,715 Education Department programs 350 940 57,040 Energy Department programs 73 342 16,786 Federal Employees Insurance Payments 117 447 33,637 Fed. Highway Administration programs 134 269 18,499 Federal Salaries (EFT) 1,174 4,560 95,078 Food and Nutrition Service (misc) 393 613 23,698 Food Stamps 86 127 11,688 GSA programs 44 490 10,012 Health and Human Services Grants (misc) 210 808 47,394 Housing and Urban Development programs 151 2,430 34,973 Interest on Treasury Securities 2 603 98,374 Justice Department programs 102 149 7,266 Labor Dept. prgms (excl. unemployment) 37 146 7,752 Medicaid 572 2,595 118,271 Medicare 1,033 14,831 269,712 NASA programs 46 153 8,787 Postal Service Money Orders and Other 348 646 29,578 Public Debt Cash Redemp. (Table III-B) 654 74,949 2,808,403 Social Security Benefits (EFT) 42 21,701 304,794 Temporary Assistance for Needy Families (HHS) 53 239 10,995 Unemployment Insurance Benefits 161 442 23,084 Veterans Affairs programs 136 355 15,630 Other Withdrawals: Emergency Prep & Response (DHS) 58 108 5,711 Federal Financing Bank (net) 56 56 -399 IRS Tax Refunds Business (EFT) 102 133 26,133 IRS Tax Refunds Individual (EFT) 1/ 1,661 8,882 178,969 State Department 72 72 2,856 Thrift Savings Plan Transfer 223 421 10,773 Transportation Security Admin. (DHS) 21 24 1,299 Unclassified 3,855 7,170 203,013 Total, Other Withdrawals 6,048 33,485 597,318 Transfers to Depositaries 11,688 39,483 1,059,910 Total Federal Reserve Account 24,932 204,158 5,932,930 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 18,322 129,954 2,055,284 Total Withdrawals (excluding transfers) 13,245 164,676 4,873,021 Net Change in Operating Cash Balance 123 -65,693 -223 1/Includes $1,592 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday May 05, 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 -1 54,010 2,179,493 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 412 596 8,471 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 28 127 2,547 Interest Increment 0 532 4,731 Government Account Series 149,446 467,290 21,792,450 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 33 2,069 47,002 Other 105 409 14,814 Total Issues 150,024 525,032 24,766,261 (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 61 164 8,626 Government Account Series 144,463 475,257 21,613,547 Domestic Series 0 0 599 Foreign Series 0 600 1,600 State and Local Series 484 7,223 61,851 Other 108 409 16,569 Total Redemptions 145,117 550,207 24,421,533 Net Change in Public Debt Outstanding 4,907 -25,175 344,729 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday May 05, 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) 150,024 525,032 24,766,261 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 (-) 149,446 467,290 21,792,029 Interest Increment on United States Savings Securities (-) 0 532 4,731 Inflation-Protected Securities Increment 412 596 8,173 Total Public Debt Cash Issues Deposited in Federal Reserve Account 165 56,357 2,944,045 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,117 550,207 24,421,533 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 (-) 144,463 475,258 21,613,130 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 654 74,949 2,808,403 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday May 05, 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/ $ 5,227,180 $ 5,227,386 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,125,202 4,120,089 4,133,363 3,958,348 Total Public Debt Outstanding 9,352,382 9,347,475 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,993 65,192 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 9,272,942 9,267,837 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 Monday May 05, 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 $ 10,844 $ 32,617 $ 1,116,494 Individual Income Taxes 15 42 15,657 Railroad Retirement Taxes 30 109 2,919 Excise Taxes 14 36 36,211 Corporation Income Taxes 235 329 204,306 Federal Unemployment Taxes 11 91 6,234 Estate and Gift Taxes & Misc IRS Rcpts. 0 13 466 Change in Balance of Unclassified Taxes 64 297 221 Total 11,213 33,535 1,382,510 These Receipts were deposited in: Federal Reserve Account: Directly 301 480 23,231 Collector Depositaries 1,997 5,255 322,396 Tax and Loan Accounts 7,913 25,601 996,558 Inter-agency Transfers 1,003 2,198 40,326 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 50 $ 540 $ 7,573 $ 69,603 Deposits: Taxes Received (Table IV) 4 39 7,870 7,913 Transfers to Depositaries 0 0 199 199 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,489 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 5,731 5,732 Depositary Initiated 1 26 5,339 5,366 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,225 Repo Investment 0 0 0 1,000 Closing Balance Today 53 553 4,571 70,882 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday May 05, 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/$ 1,785 $ 15,314 $ 244,591 Business 148 238 46,370 3/Includes $1,592 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.