1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday May 08, 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 $ 4,218 $ 5,730 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 60,310 64,538 135,752 69,698 Total Operating Balance 64,528 70,268 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday May 08, 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) 9 126 4,074 Commodity Credit Corporation programs 64 332 7,354 Customs and Certain Excise Taxes 63 527 20,462 Deposits by States: Supplemental Security Income 0 1 2,750 Unemployment 836 10,764 23,668 Education Department programs 36 347 8,408 Energy Department programs 9 108 4,157 Estate and Gift Taxes 57 520 19,174 Federal Reserve Earnings 0 332 22,843 Foreign Deposits, Military Sales 3 996 10,799 FTD's Received (Table IV) 639 11,542 351,434 Housing and Urban Development programs 42 140 3,567 Individual Income and Employment Taxes, Not Withheld 230 2,206 344,174 Interest recd from T&L Depositaries 14 50 493 Justice Department programs 27 123 2,457 Postal Service 397 2,650 63,688 Public Debt Cash Issues (Table III-B) 67,049 124,869 3,012,558 Other Deposits: Air Transport Security Fees 1 9 1,390 Federal Trade Commission 58 58 58 Gas and Oil Lease Sales Proceeds 103 252 6,604 Total Other Deposits 161 980 57,615 Change in Balance of Uncollected Funds (closing balance $ 147) 59 217 12 Transfers from Depositaries 16,499 181,356 2,106,686 Total Federal Reserve Account 86,193 338,186 6,066,375 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,394 32,423 1,003,380 Transfers from Federal Reserve Account (Table V) 10,876 73,491 1,093,918 Total Tax and Loan Note Accounts (Table V) 12,271 105,914 2,097,298 Total Deposits (excluding transfers) 71,089 189,253 4,963,068 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday May 08, 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 11 121 20,586 Defense Vendor Payments (EFT) 1,282 7,359 207,791 Education Department programs 453 2,109 58,209 Energy Department programs 103 585 17,030 Federal Employees Insurance Payments 297 1,167 34,356 Fed. Highway Administration programs 278 759 18,989 Federal Salaries (EFT) 688 5,972 96,491 Food and Nutrition Service (misc) 221 1,234 24,318 Food Stamps 45 261 11,822 GSA programs 94 645 10,167 Health and Human Services Grants (misc) 328 1,617 48,203 Housing and Urban Development programs 94 2,753 35,296 Interest on Treasury Securities 5 613 98,384 Justice Department programs 27 265 7,382 Labor Dept. prgms (excl. unemployment) 48 282 7,887 Medicaid 1,288 5,862 121,538 Medicare 1,021 18,267 273,148 NASA programs 61 364 8,999 Postal Service Money Orders and Other 96 1,243 30,175 Public Debt Cash Redemp. (Table III-B) 66,995 143,103 2,876,557 Social Security Benefits (EFT) 59 21,863 304,956 Temporary Assistance for Needy Families (HHS) 32 364 11,119 Unemployment Insurance Benefits 105 932 23,574 Veterans Affairs programs 111 779 16,054 Other Withdrawals: Federal Transit Admin. 120 206 2,388 Interior 63 298 7,352 IRS Tax Refunds Individual (EFT) 1/ 265 12,580 182,667 Small Business Administration 219 219 593 Transportation Security Admin. (DHS) 5 41 1,316 Unclassified 2,414 15,642 211,485 Total, Other Withdrawals 3,086 46,913 610,747 Transfers to Depositaries 10,876 73,491 1,093,918 Total Federal Reserve Account 87,705 338,923 6,067,695 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,499 181,356 2,106,686 Total Withdrawals (excluding transfers) 76,829 265,432 4,973,777 Net Change in Operating Cash Balance -5,740 -76,179 -10,709 1/Includes $210 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday May 08, 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 67,010 121,017 2,246,500 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 137 1,006 8,881 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 166 2,586 Interest Increment 1 533 4,733 Government Account Series 151,587 913,986 22,239,146 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 128 3,437 48,369 Other 203 811 15,216 Total Issues 219,076 1,040,955 25,282,185 (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 64,139 130,693 2,421,543 Notes 0 0 351,207 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 300 8,763 Government Account Series 147,009 910,615 22,048,905 Domestic Series 0 0 599 Foreign Series 400 1,000 2,000 State and Local Series 2,161 10,251 64,879 Other 247 860 17,020 Total Redemptions 214,004 1,053,720 24,925,045 Net Change in Public Debt Outstanding 5,072 -12,764 357,140 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday May 08, 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) 219,076 1,040,955 25,282,185 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 303 561 17,195 Bonds and Notes (-) 0 0 1,206 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 151,587 913,986 22,238,725 Interest Increment on United States Savings Securities (-) 1 533 4,733 Inflation-Protected Securities Increment 137 1,006 8,584 Total Public Debt Cash Issues Deposited in Federal Reserve Account 67,049 124,869 3,012,558 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 214,004 1,053,720 24,925,045 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 (-) 147,009 910,616 22,048,488 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 66,995 143,103 2,876,557 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday May 08, 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/ $ 5,227,966 $ 5,227,621 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,136,827 4,132,100 4,133,363 3,958,348 Total Public Debt Outstanding 9,364,793 9,359,721 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 65,098 64,861 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 51 50 69 Total Public Debt Subject to Limit 9,285,248 9,280,413 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 $1,94 2 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday May 08, 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 $ 2,081 $ 45,749 $ 1,129,626 Individual Income Taxes 6 68 15,683 Railroad Retirement Taxes 5 128 2,939 Excise Taxes 17 87 36,262 Corporation Income Taxes 39 476 204,453 Federal Unemployment Taxes 14 154 6,298 Estate and Gift Taxes & Misc IRS Rcpts. 2 17 470 Change in Balance of Unclassified Taxes 44 228 152 Total 2,208 46,907 1,395,883 These Receipts were deposited in: Federal Reserve Account: Directly 76 1,028 23,779 Collector Depositaries 563 10,515 327,655 Tax and Loan Accounts 1,394 32,423 1,003,380 Inter-agency Transfers 174 2,942 41,070 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 59 $ 588 $ 4,584 $ 64,538 Deposits: Taxes Received (Table IV) 2 18 1,374 1,394 Transfers to Depositaries 0 0 1,057 1,057 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,819 Repo Investment 0 0 0 2,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 14 750 766 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 14,733 Repo Investment 0 0 0 1,000 Closing Balance Today 60 592 6,265 60,310 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday May 08, 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/$ 622 $ 19,966 $ 249,243 Business 148 622 46,754 3/Includes $457 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.