1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 13, 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 $ 5,409 $ 4,874 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 40,957 47,240 135,752 69,698 Total Operating Balance 46,366 52,114 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 13, 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) 12 187 4,136 Commodity Credit Corporation programs 49 493 7,514 Customs and Certain Excise Taxes 100 791 20,725 Deposits by States: Supplemental Security Income 0 1 2,750 Unemployment 188 11,799 24,703 Education Department programs 54 476 8,537 Energy Department programs 7 137 4,186 Estate and Gift Taxes 78 741 19,395 Federal Reserve Earnings 0 332 22,843 Foreign Deposits, Military Sales 4 1,023 10,827 FTD's Received (Table IV) 615 15,339 355,230 Housing and Urban Development programs 35 233 3,660 Individual Income and Employment Taxes, Not Withheld 277 2,976 344,944 Interest recd from T&L Depositaries 5 60 503 Justice Department programs 8 150 2,484 Postal Service 466 3,923 64,962 Public Debt Cash Issues (Table III-B) 105 125,370 3,013,058 Other Deposits: Total Other Deposits 0 1,174 57,809 Change in Balance of Uncollected Funds (closing balance $ 142) -78 222 17 Transfers from Depositaries 14,825 236,283 2,161,613 Total Federal Reserve Account 16,750 401,710 6,129,898 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,022 45,629 1,016,586 Transfers from Federal Reserve Account (Table V) 7,521 95,859 1,116,286 Total Tax and Loan Note Accounts (Table V) 8,543 141,488 2,132,872 Total Deposits (excluding transfers) 2,946 211,056 4,984,871 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 13, 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 12 184 20,649 Defense Vendor Payments (EFT) 2,192 11,836 212,267 Education Department programs 289 2,899 58,999 Energy Department programs 106 869 17,313 Federal Employees Insurance Payments 250 1,901 35,090 Fed. Highway Administration programs 113 1,002 19,232 Federal Salaries (EFT) 155 6,449 96,967 Food and Nutrition Service (misc) 162 2,026 25,110 Food Stamps 61 503 12,064 GSA programs 63 764 10,285 Health and Human Services Grants (misc) 320 2,462 49,048 Housing and Urban Development programs 98 3,039 35,582 Interest on Treasury Securities 1 618 98,389 Justice Department programs 42 431 7,548 Labor Dept. prgms (excl. unemployment) 32 486 8,092 Medicaid 601 7,808 123,483 Medicare 1,093 21,488 276,370 NASA programs 75 513 9,148 Postal Service Money Orders and Other 150 1,779 30,711 Public Debt Cash Redemp. (Table III-B) 54 143,894 2,877,347 Social Security Benefits (EFT) 38 21,986 305,079 Temporary Assistance for Needy Families (HHS) 48 507 11,263 Unemployment Insurance Benefits 199 1,388 24,030 Veterans Affairs programs 85 1,096 16,371 Other Withdrawals: Federal Aviation Administration 56 227 4,610 IRS Tax Refunds Individual (EFT) 1/ 631 29,370 199,458 Thrift Savings Plan Transfer 55 991 11,343 Transportation Security Admin. (DHS) 1 61 1,336 Unclassified 1,713 20,409 216,252 Total, Other Withdrawals 2,457 69,469 633,302 Transfers to Depositaries 7,521 95,859 1,116,286 Total Federal Reserve Account 16,215 401,256 6,130,028 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 14,825 236,283 2,161,613 Total Withdrawals (excluding transfers) 8,694 305,397 5,013,742 Net Change in Operating Cash Balance -5,748 -94,341 -28,871 1/Includes $643 million in Economic Stimulus Payments (EFT) and $45 million in Individual Ta x Refunds returns/reversals. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 13, 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 0 121,016 2,246,499 Cash Management Series 0 0 233,002 Notes 0 -2 450,418 Bonds 0 0 29,836 Inflation-Protected Securities Increment 137 1,692 9,567 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 204 2,623 Interest Increment 0 534 4,734 Government Account Series 148,006 1,353,123 22,678,282 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 94 3,797 48,729 Other 0 916 15,321 Total Issues 148,248 1,481,280 25,722,509 (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 50 446 8,909 Government Account Series 143,943 1,344,202 22,482,492 Domestic Series 0 0 599 Foreign Series 0 1,000 2,000 State and Local Series 4 10,778 65,406 Other 1 977 17,137 Total Redemptions 143,997 1,488,097 25,359,423 Net Change in Public Debt Outstanding 4,251 -6,817 363,087 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 13, 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) 148,248 1,481,280 25,722,509 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 (-) 148,006 1,353,123 22,677,861 Interest Increment on United States Savings Securities (-) 0 534 4,734 Inflation-Protected Securities Increment 137 1,692 9,269 Total Public Debt Cash Issues Deposited in Federal Reserve Account 105 125,370 3,013,058 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 143,997 1,488,097 25,359,423 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 (-) 143,943 1,344,203 22,482,075 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 54 143,894 2,877,347 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 13, 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/ $ 5,228,246 $ 5,228,146 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,142,494 4,138,343 4,133,363 3,958,348 Total Public Debt Outstanding 9,370,740 9,366,489 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 498 498 498 502 Unamortized Discount 64,776 64,841 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 9,291,517 9,287,202 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 $1,46 2 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday May 13, 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 $ 1,461 $ 61,774 $ 1,145,651 Individual Income Taxes 13 106 15,721 Railroad Retirement Taxes 1 216 3,027 Excise Taxes 102 803 36,979 Corporation Income Taxes 88 660 204,637 Federal Unemployment Taxes 6 178 6,321 Estate and Gift Taxes & Misc IRS Rcpts. 2 24 477 Change in Balance of Unclassified Taxes -15 222 146 Total 1,658 63,984 1,412,959 These Receipts were deposited in: Federal Reserve Account: Directly 142 1,315 24,066 Collector Depositaries 473 14,024 331,164 Tax and Loan Accounts 1,022 45,629 1,016,586 Inter-agency Transfers 21 3,016 41,143 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 64 $ 619 $ 1,359 $ 47,240 Deposits: Taxes Received (Table IV) 4 28 990 1,022 Transfers to Depositaries 0 0 76 76 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,745 Repo Investment 0 0 0 1,700 Withdrawals: Treasury Initiated 0 0 1,441 1,441 Depositary Initiated 2 22 176 199 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 11,485 Repo Investment 0 0 0 1,700 Closing Balance Today 66 625 809 40,957 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday May 13, 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/$ 742 $ 41,401 $ 270,678 Business 363 1,676 47,808 3/Includes $643 million for payments issued in accordance with provisions of the Economic Stimulus Act of 2008 (PL 110-185). Also includes $45 million in Individual Ta x Refunds returns/reversals. 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.