1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday May 07, 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 $ 5,730 $ 6,342 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 64,538 62,762 135,752 69,698 Total Operating Balance 70,268 69,104 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday May 07, 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) 12 117 4,066 Commodity Credit Corporation programs 45 268 7,290 Customs and Certain Excise Taxes 61 464 20,399 Deposits by States: Supplemental Security Income 0 1 2,750 Unemployment 1,336 9,928 22,832 Education Department programs 76 311 8,371 Energy Department programs 6 99 4,149 Estate and Gift Taxes 133 463 19,117 Federal Reserve Earnings 332 332 22,843 Foreign Deposits, Military Sales 26 993 10,797 FTD's Received (Table IV) 4,238 10,903 350,795 Housing and Urban Development programs 3 98 3,526 Individual Income and Employment Taxes, Not Withheld 406 1,976 343,944 Interest recd from T&L Depositaries 1 35 479 Justice Department programs 10 96 2,430 Postal Service 445 2,253 63,291 Public Debt Cash Issues (Table III-B) 1,176 57,821 2,945,509 Other Deposits: Air Transport Security Fees 1 8 1,389 Federal Housing Admin: Note Sales 67 226 1,225 Medicare Premiums 125 234 11,684 Total Other Deposits 193 818 57,454 Change in Balance of Uncollected Funds (closing balance $ 205) -34 158 -46 Transfers from Depositaries 7,643 164,858 2,090,188 Total Federal Reserve Account 16,109 251,993 5,980,182 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,229 31,029 1,001,985 Transfers from Federal Reserve Account (Table V) 5,190 62,615 1,083,042 Total Tax and Loan Note Accounts (Table V) 9,419 93,643 2,085,027 Total Deposits (excluding transfers) 12,695 118,164 4,891,979 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday May 07, 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 27 110 20,575 Defense Vendor Payments (EFT) 1,214 6,076 206,508 Education Department programs 171 1,655 57,755 Energy Department programs 62 482 16,926 Federal Employees Insurance Payments 170 870 34,059 Fed. Highway Administration programs 84 481 18,711 Federal Salaries (EFT) 206 5,284 95,803 Food and Nutrition Service (misc) 175 1,013 24,097 Food Stamps 53 216 11,777 GSA programs 30 552 10,074 Health and Human Services Grants (misc) 230 1,288 47,874 Housing and Urban Development programs 122 2,659 35,202 Interest on Treasury Securities 3 608 98,379 Justice Department programs 43 239 7,356 Labor Dept. prgms (excl. unemployment) 47 233 7,839 Medicaid 1,093 4,574 120,250 Medicare 1,316 17,246 272,127 NASA programs 119 303 8,937 Postal Service Money Orders and Other 261 1,148 30,080 Public Debt Cash Redemp. (Table III-B) 573 76,108 2,809,562 Social Security Benefits (EFT) 54 21,804 304,897 Temporary Assistance for Needy Families (HHS) 46 332 11,087 Unemployment Insurance Benefits 157 827 23,469 Veterans Affairs programs 110 668 15,943 Other Withdrawals: Agency for Internat'l Development 50 162 5,766 Federal Transit Admin. 86 86 2,267 HHS Deposit Fund Transfers to States 1/ 151 151 1,383 Interior 64 235 7,289 IRS Tax Refunds Individual (EFT) 2/ 1,749 12,342 182,430 Thrift Savings Plan Transfer 190 768 11,120 Transportation Security Admin. (DHS) 10 37 1,311 Unclassified 2,866 13,228 209,071 Total, Other Withdrawals 5,166 43,827 607,660 Transfers to Depositaries 5,190 62,615 1,083,042 Total Federal Reserve Account 16,721 251,218 5,979,990 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,643 164,858 2,090,188 Total Withdrawals (excluding transfers) 11,531 188,604 4,896,948 Net Change in Operating Cash Balance 1,164 -70,439 -4,969 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 2/Includes $1,693 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday May 07, 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 54,007 2,179,490 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 136 869 8,744 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 155 2,575 Interest Increment 0 532 4,732 Government Account Series 145,906 762,399 22,087,559 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 1,066 3,309 48,241 Other 98 608 15,013 Total Issues 147,218 821,879 25,063,109 (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 49 252 8,714 Government Account Series 144,926 763,606 21,901,896 Domestic Series 0 0 599 Foreign Series 0 600 1,600 State and Local Series 426 8,090 62,717 Other 98 613 16,773 Total Redemptions 145,499 839,716 24,711,041 Net Change in Public Debt Outstanding 1,720 -17,837 352,067 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday May 07, 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) 147,218 821,879 25,063,109 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 (-) 145,906 762,399 22,087,138 Interest Increment on United States Savings Securities (-) 0 532 4,732 Inflation-Protected Securities Increment 136 869 8,446 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,176 57,821 2,945,509 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,499 839,716 24,711,041 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 (-) 144,926 763,608 21,901,479 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 573 76,108 2,809,562 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday May 07, 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 3/ $ 5,227,621 $ 5,227,064 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,132,100 4,130,937 4,133,363 3,958,348 Total Public Debt Outstanding 9,359,721 9,358,001 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,861 64,927 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 51 50 50 69 Total Public Debt Subject to Limit 9,280,413 9,278,627 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). 3/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $868 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday May 07, 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 $ 8,504 $ 43,668 $ 1,127,545 Individual Income Taxes 10 62 15,677 Railroad Retirement Taxes 7 123 2,934 Excise Taxes 19 70 36,246 Corporation Income Taxes 84 437 204,414 Federal Unemployment Taxes 24 141 6,284 Estate and Gift Taxes & Misc IRS Rcpts. 1 16 469 Change in Balance of Unclassified Taxes -96 183 107 Total 8,554 44,700 1,393,675 These Receipts were deposited in: Federal Reserve Account: Directly 124 952 23,703 Collector Depositaries 4,114 9,952 327,092 Tax and Loan Accounts 4,229 31,029 1,001,985 Inter-agency Transfers 87 2,768 40,895 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 55 $ 566 $ 1,846 $ 62,762 Deposits: Taxes Received (Table IV) 6 64 4,159 4,229 Transfers to Depositaries 0 1 984 985 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,205 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 42 2,405 2,450 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,193 Repo Investment 0 0 0 2,000 Closing Balance Today 59 588 4,584 64,538 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday May 07, 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 4/$ 2,174 $ 19,371 $ 248,648 Business 55 476 46,608 4/Includes $1,986 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.