1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday May 09, 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 $ 4,693 $ 4,218 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 43,963 60,310 135,752 69,698 Total Operating Balance 48,656 64,528 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday May 09, 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) 38 164 4,113 Commodity Credit Corporation programs 49 381 7,403 Customs and Certain Excise Taxes 82 609 20,544 Deposits by States: Supplemental Security Income 0 1 2,750 Unemployment 569 11,332 24,237 Education Department programs 28 375 8,435 Energy Department programs 9 117 4,166 Estate and Gift Taxes 60 579 19,234 Federal Reserve Earnings 0 332 22,843 Foreign Deposits, Military Sales 12 1,008 10,812 FTD's Received (Table IV) 1,442 12,984 352,876 Housing and Urban Development programs 1 140 3,568 Individual Income and Employment Taxes, Not Withheld 227 2,433 344,401 Interest recd from T&L Depositaries 5 55 499 Justice Department programs 12 136 2,469 Postal Service 376 3,026 64,064 Public Debt Cash Issues (Table III-B) 122 124,992 3,012,680 Other Deposits: Federal Housing Admin: Note Sales 53 279 1,278 Total Other Deposits 53 1,033 57,668 Change in Balance of Uncollected Funds (closing balance $ 148) -2 215 10 Transfers from Depositaries 31,315 212,671 2,138,001 Total Federal Reserve Account 34,397 372,584 6,100,772 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,826 36,248 1,007,205 Transfers from Federal Reserve Account (Table V) 11,141 84,633 1,105,060 Total Tax and Loan Note Accounts (Table V) 14,967 120,881 2,112,265 Total Deposits (excluding transfers) 6,909 196,161 4,969,977 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday May 09, 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 11 132 20,597 Defense Vendor Payments (EFT) 1,012 8,371 208,802 Education Department programs 185 2,294 58,394 Energy Department programs 100 685 17,129 Federal Employees Insurance Payments 171 1,337 34,526 Fed. Highway Administration programs 58 816 19,046 Federal Salaries (EFT) 231 6,203 96,721 Food and Nutrition Service (misc) 198 1,432 24,516 Food Stamps 50 312 11,872 GSA programs 18 663 10,185 Health and Human Services Grants (misc) 286 1,903 48,489 Housing and Urban Development programs 92 2,845 35,388 Interest on Treasury Securities 2 616 98,387 Justice Department programs 65 330 7,447 Labor Dept. prgms (excl. unemployment) 133 415 8,020 Medicaid 691 6,553 122,228 Medicare 1,106 19,373 274,254 NASA programs 49 414 9,048 Postal Service Money Orders and Other 174 1,417 30,349 Public Debt Cash Redemp. (Table III-B) 383 143,486 2,876,940 Social Security Benefits (EFT) 42 21,905 304,998 Temporary Assistance for Needy Families (HHS) 58 422 11,177 Unemployment Insurance Benefits 104 1,037 23,678 Veterans Affairs programs 94 873 16,148 Other Withdrawals: Federal Transit Admin. 147 353 2,535 IRS Tax Refunds Business (EFT) 245 423 26,423 IRS Tax Refunds Individual (EFT) 1/ 15,500 28,075 198,162 Thrift Savings Plan Transfer 101 912 11,265 Transportation Security Admin. (DHS) 8 50 1,324 Unclassified 1,468 17,110 212,953 Total, Other Withdrawals 17,469 64,382 628,216 Transfers to Depositaries 11,141 84,633 1,105,060 Total Federal Reserve Account 33,922 372,845 6,101,617 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 31,315 212,671 2,138,001 Total Withdrawals (excluding transfers) 22,781 288,213 4,996,558 Net Change in Operating Cash Balance -15,872 -92,052 -26,581 1/Includes $13,875 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday May 09, 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 -1 121,017 2,246,500 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 138 1,144 9,019 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 179 2,599 Interest Increment 0 533 4,733 Government Account Series 144,996 1,058,982 22,384,142 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 5 3,442 48,375 Other 105 916 15,321 Total Issues 145,257 1,186,212 25,427,442 (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 0 130,693 2,421,543 Notes 0 0 351,207 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 348 8,811 Government Account Series 144,433 1,055,048 22,193,338 Domestic Series 0 0 599 Foreign Series 0 1,000 2,000 State and Local Series 220 10,472 65,099 Other 114 974 17,134 Total Redemptions 144,816 1,198,535 25,069,861 Net Change in Public Debt Outstanding 441 -12,323 357,581 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday May 09, 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) 145,257 1,186,212 25,427,442 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 561 17,195 Bonds and Notes (-) 0 0 1,206 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 144,996 1,058,982 22,383,721 Interest Increment on United States Savings Securities (-) 0 533 4,733 Inflation-Protected Securities Increment 138 1,144 8,721 Total Public Debt Cash Issues Deposited in Federal Reserve Account 122 124,992 3,012,680 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 144,816 1,198,535 25,069,861 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 (-) 144,433 1,055,050 22,192,921 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 383 143,486 2,876,940 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday May 09, 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/ $ 5,227,817 $ 5,227,966 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,137,417 4,136,827 4,133,363 3,958,348 Total Public Debt Outstanding 9,365,234 9,364,793 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 65,034 65,098 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 9,285,754 9,285,248 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 $864 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday May 09, 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 $ 5,118 $ 50,868 $ 1,134,745 Individual Income Taxes 8 76 15,691 Railroad Retirement Taxes 8 136 2,946 Excise Taxes 143 230 36,405 Corporation Income Taxes 38 514 204,491 Federal Unemployment Taxes 9 163 6,307 Estate and Gift Taxes & Misc IRS Rcpts. 2 19 472 Change in Balance of Unclassified Taxes -30 197 121 Total 5,296 52,203 1,401,179 These Receipts were deposited in: Federal Reserve Account: Directly 70 1,098 23,849 Collector Depositaries 1,372 11,886 329,026 Tax and Loan Accounts 3,826 36,248 1,007,205 Inter-agency Transfers 28 2,971 41,098 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 60 $ 592 $ 6,265 $ 60,310 Deposits: Taxes Received (Table IV) 4 45 3,777 3,826 Transfers to Depositaries 0 0 28 28 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,113 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 7,518 7,518 Depositary Initiated 2 30 2,046 2,078 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 19,719 Repo Investment 0 0 0 2,000 Closing Balance Today 62 607 506 43,963 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday May 09, 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/$ 19,889 $ 39,850 $ 269,127 Business 652 1,257 47,389 3/Includes $14,274 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.