1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 27, 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 $ 5,177 $ 5,042 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 21,560 17,546 135,752 69,698 Total Operating Balance 26,737 22,588 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 27, 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) 19 349 4,298 Commodity Credit Corporation programs 50 865 7,887 Customs and Certain Excise Taxes 96 2,434 22,369 Deposits by States: Supplemental Security Income 2 5 2,754 Unemployment 30 12,410 25,314 Education Department programs 27 894 8,955 Energy Department programs 97 417 4,466 Estate and Gift Taxes 34 1,705 20,359 Federal Reserve Earnings 0 1,944 24,454 Foreign Deposits, Military Sales 2 1,179 10,983 FTD's Received (Table IV) 1,782 34,778 374,670 Housing and Urban Development programs 35 530 3,957 Individual Income and Employment Taxes, Not Withheld 617 7,278 349,246 Interest recd from T&L Depositaries 0 77 520 Justice Department programs 24 273 2,606 Postal Service 383 7,142 68,180 Public Debt Cash Issues (Table III-B) 38 369,470 3,257,158 Other Deposits: Air Transport Security Fees 1 17 1,397 Defense Finance & Accounting Service 72 600 5,345 Minerals Management Svc/Collections 227 1/ 515 7,695 Total Other Deposits 300 3,122 59,757 Change in Balance of Uncollected Funds (closing balance $ 55) 143 309 104 Transfers from Depositaries 8,621 347,164 2,272,493 Total Federal Reserve Account 12,300 792,343 6,520,531 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,425 96,631 1,067,588 Transfers from Federal Reserve Account (Table V) 4,209 136,340 1,156,767 Total Tax and Loan Note Accounts (Table V) 12,634 232,971 2,224,355 Total Deposits (excluding transfers) 12,104 541,810 5,315,625 1/Includes an adjustment of $54 million due to misclassification between MMS and OCS on May 23, 2008. 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 27, 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 32 404 20,869 Defense Vendor Payments (EFT) 963 22,908 223,340 Education Department programs 209 6,045 62,145 Energy Department programs 108 2,018 18,462 Federal Employees Insurance Payments 152 3,907 37,096 Fed. Highway Administration programs 189 3,081 21,311 Federal Salaries (EFT) 69 12,379 102,897 Food and Nutrition Service (misc) 270 4,063 27,148 Food Stamps 13 676 12,237 GSA programs 62 1,259 10,781 Health and Human Services Grants (misc) 268 5,347 51,933 Housing and Urban Development programs 97 3,926 36,469 Interest on Treasury Securities 2 21,838 119,609 Justice Department programs 44 804 7,922 Labor Dept. prgms (excl. unemployment) 76 963 8,569 Medicaid 995 14,912 130,588 Medicare 1,320 33,833 288,714 NASA programs 145 1,164 9,798 Postal Service Money Orders and Other 176 3,294 32,226 Public Debt Cash Redemp. (Table III-B) 86 366,874 3,100,328 Social Security Benefits (EFT) 58 34,927 318,020 Temporary Assistance for Needy Families (HHS) 43 1,148 11,903 Unemployment Insurance Benefits 156 2,631 25,273 Veterans Affairs programs 176 1,951 17,226 Other Withdrawals: Deposit Insurance Fund (net) 87 758 902 Transportation Security Admin. (DHS) 16 213 1,488 Unclassified 2,143 40,046 235,889 Total, Other Withdrawals 2,247 105,429 669,262 Transfers to Depositaries 4,209 136,340 1,156,767 Total Federal Reserve Account 12,165 792,121 6,520,893 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,621 347,164 2,272,493 Total Withdrawals (excluding transfers) 7,955 655,781 5,364,126 Net Change in Operating Cash Balance 4,149 -113,971 -48,501 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 27, 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 -1 281,029 2,406,512 Cash Management Series 0 50,001 283,003 Notes 0 23,076 473,496 Bonds 0 9,231 39,066 Inflation-Protected Securities Increment 548 3,611 11,486 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 290 2,710 Interest Increment 0 536 4,736 Government Account Series 153,249 2,707,669 24,032,829 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 30 6,711 51,643 Other 0 1,142 15,546 Total Issues 153,835 3,083,296 27,324,525 (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 0 262,397 2,553,247 Notes 0 87,237 438,444 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 839 9,302 Government Account Series 154,387 2,700,702 23,838,992 Domestic Series 0 0 599 Foreign Series 0 1,000 2,000 State and Local Series 40 14,203 68,831 Other 3 1,198 17,358 Total Redemptions 154,473 3,067,577 26,938,903 Net Change in Public Debt Outstanding -638 15,719 385,622 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 27, 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) 153,835 3,083,296 27,324,525 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,557 18,192 Bonds and Notes (-) 0 452 1,658 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 153,249 2,707,669 24,032,408 Interest Increment on United States Savings Securities (-) 0 536 4,736 Inflation-Protected Securities Increment 548 3,611 11,189 Total Public Debt Cash Issues Deposited in Federal Reserve Account 38 369,470 3,257,158 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 154,473 3,067,577 26,938,903 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 (-) 154,387 2,700,703 23,838,574 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 86 366,874 3,100,328 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 27, 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/ $ 5,252,836 $ 5,252,300 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,140,440 4,141,614 4,133,363 3,958,348 Total Public Debt Outstanding 9,393,276 9,393,914 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 498 502 Unamortized Discount 64,854 65,119 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 9,313,976 9,314,349 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 $1,87 4 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday May 27, 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 $ 10,368 $ 124,838 $ 1,208,715 Individual Income Taxes 13 407 16,023 Railroad Retirement Taxes 55 395 3,205 Excise Taxes 95 3,046 39,221 Corporation Income Taxes 39 7,724 211,701 Federal Unemployment Taxes 5 224 6,367 Estate and Gift Taxes & Misc IRS Rcpts. 0 49 502 Change in Balance of Unclassified Taxes -97 112 36 Total 10,479 136,794 1,485,770 These Receipts were deposited in: Federal Reserve Account: Directly 63 2,492 25,243 Collector Depositaries 1,719 32,286 349,426 Tax and Loan Accounts 8,425 96,631 1,067,588 Inter-agency Transfers 272 5,385 43,512 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 21 $ 154 $ 713 $ 17,546 Deposits: Taxes Received (Table IV) 4 45 8,377 8,425 Transfers to Depositaries 0 2 107 109 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,200 Repo Investment 0 0 0 1,900 Withdrawals: Treasury Initiated 0 0 4,495 4,495 Depositary Initiated 1 13 3,012 3,026 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,100 Closing Balance Today 24 188 1,691 21,560 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday May 27, 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/$ 67 $ 67,085 $ 296,362 Business 470 3,155 49,287 3/Includes $9 million for payments issued in accordance with provisions of th e 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.