1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 06, 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 $ 6,342 $ 4,133 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 62,762 70,882 135,752 69,698 Total Operating Balance 69,104 75,014 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 06, 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) 19 105 4,054 Commodity Credit Corporation programs 80 223 7,245 Customs and Certain Excise Taxes 89 403 20,337 Deposits by States: Supplemental Security Income 0 1 2,750 Unemployment 2,579 8,591 21,495 Education Department programs 92 235 8,295 Energy Department programs 9 93 4,143 Estate and Gift Taxes 177 330 18,984 Federal Reserve Earnings 0 0 22,511 Foreign Deposits, Military Sales 100 967 10,771 FTD's Received (Table IV) 929 6,665 346,556 Housing and Urban Development programs 2 96 3,523 Individual Income and Employment Taxes, Not Withheld 346 1,570 343,538 Interest recd from T&L Depositaries 10 34 478 Justice Department programs 9 86 2,420 Postal Service 582 1,809 62,847 Public Debt Cash Issues (Table III-B) 288 56,645 2,944,333 Other Deposits: Federal Housing Admin: Note Sales 104 159 1,157 Total Other Deposits 104 625 57,261 Change in Balance of Uncollected Funds (closing balance $ 171) -128 192 -12 Transfers from Depositaries 27,261 157,215 2,082,545 Total Federal Reserve Account 32,548 235,884 5,964,073 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,199 26,800 997,756 Transfers from Federal Reserve Account (Table V) 17,942 57,425 1,077,852 Total Tax and Loan Note Accounts (Table V) 19,141 84,225 2,075,609 Total Deposits (excluding transfers) 6,486 105,469 4,879,284 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 06, 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 11 84 20,549 Defense Vendor Payments (EFT) 1,579 4,862 205,294 Education Department programs 545 1,484 57,584 Energy Department programs 77 419 16,864 Federal Employees Insurance Payments 252 699 33,888 Fed. Highway Administration programs 128 397 18,627 Federal Salaries (EFT) 518 5,078 95,597 Food and Nutrition Service (misc) 225 838 23,922 Food Stamps 36 163 11,724 GSA programs 31 522 10,044 Health and Human Services Grants (misc) 250 1,058 47,644 Housing and Urban Development programs 107 2,537 35,080 Interest on Treasury Securities 2 605 98,376 Justice Department programs 47 196 7,313 Labor Dept. prgms (excl. unemployment) 40 186 7,792 Medicaid 886 3,481 119,157 Medicare 1,099 15,930 270,812 NASA programs 31 184 8,818 Postal Service Money Orders and Other 241 887 29,819 Public Debt Cash Redemp. (Table III-B) 586 75,535 2,808,989 Social Security Benefits (EFT) 50 21,750 304,843 Temporary Assistance for Needy Families (HHS) 47 286 11,041 Unemployment Insurance Benefits 228 671 23,312 Veterans Affairs programs 204 559 15,834 Other Withdrawals: IRS Tax Refunds Individual (EFT) 1/ 1,741 10,616 180,703 Thrift Savings Plan Transfer 158 578 10,931 Transportation Security Admin. (DHS) 2 26 1,301 USDA: Forest Service 83 83 1,703 Unclassified 3,192 10,362 206,205 Total, Other Withdrawals 5,176 38,661 602,494 Transfers to Depositaries 17,942 57,425 1,077,852 Total Federal Reserve Account 30,339 234,497 5,963,269 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 27,261 157,215 2,082,545 Total Withdrawals (excluding transfers) 12,397 177,072 4,885,417 Net Change in Operating Cash Balance -5,910 -71,603 -6,133 1/Includes $1,683 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 06, 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 -2 54,007 2,179,490 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 137 733 8,608 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 143 2,562 Interest Increment 0 532 4,732 Government Account Series 149,203 616,493 21,941,653 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 173 2,242 47,175 Other 102 511 14,915 Total Issues 149,629 674,661 24,915,890 (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 39 203 8,666 Government Account Series 143,424 618,680 21,756,970 Domestic Series 0 0 599 Foreign Series 0 600 1,600 State and Local Series 441 7,664 62,291 Other 106 515 16,675 Total Redemptions 144,010 694,217 24,565,543 Net Change in Public Debt Outstanding 5,619 -19,556 350,348 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 06, 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) 149,629 674,661 24,915,890 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 (-) 149,203 616,493 21,941,232 Interest Increment on United States Savings Securities (-) 0 532 4,732 Inflation-Protected Securities Increment 137 733 8,310 Total Public Debt Cash Issues Deposited in Federal Reserve Account 288 56,645 2,944,333 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,010 694,217 24,565,543 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 (-) 143,424 618,682 21,756,553 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 586 75,535 2,808,989 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 06, 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/ $ 5,227,064 $ 5,227,180 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,130,937 4,125,202 4,133,363 3,958,348 Total Public Debt Outstanding 9,358,001 9,352,382 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,927 64,993 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 9,278,627 9,272,942 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 $1,73 4 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday May 06, 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 $ 2,547 $ 35,164 $ 1,119,041 Individual Income Taxes 10 52 15,667 Railroad Retirement Taxes 7 116 2,926 Excise Taxes 15 50 36,226 Corporation Income Taxes 24 353 204,331 Federal Unemployment Taxes 25 117 6,260 Estate and Gift Taxes & Misc IRS Rcpts. 1 14 467 Change in Balance of Unclassified Taxes -18 279 203 Total 2,611 36,146 1,385,121 These Receipts were deposited in: Federal Reserve Account: Directly 348 828 23,579 Collector Depositaries 582 5,837 322,977 Tax and Loan Accounts 1,199 26,800 997,756 Inter-agency Transfers 483 2,681 40,808 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 53 $ 553 $ 4,571 $ 70,882 Deposits: Taxes Received (Table IV) 3 29 1,166 1,199 Transfers to Depositaries 0 0 1,282 1,282 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 14,660 Repo Investment 0 0 0 2,000 Withdrawals: Treasury Initiated 0 0 4,640 4,640 Depositary Initiated 1 17 534 552 Special Direct Investment 0 0 0 6,011 Term Investment 0 0 0 15,058 Repo Investment 0 0 0 1,000 Closing Balance Today 55 566 1,846 62,762 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday May 06, 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/$ 1,912 $ 17,220 $ 246,496 Business 207 441 46,573 3/Includes $1,683 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.