1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday May 28, 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 $ 4,415 $ 5,177 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 10,270 21,560 135,752 69,698 Total Operating Balance 14,685 26,737 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday May 28, 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) 24 374 4,322 Commodity Credit Corporation programs 69 934 7,956 Customs and Certain Excise Taxes 99 2,533 22,468 Deposits by States: Supplemental Security Income 1 6 2,755 Unemployment 51 12,461 25,365 Education Department programs 82 976 9,037 Energy Department programs 42 460 4,509 Estate and Gift Taxes 91 1,795 20,450 Federal Reserve Earnings 1,047 2,990 25,501 Foreign Deposits, Military Sales 3 1,182 10,986 FTD's Received (Table IV) 1,190 35,968 375,860 Housing and Urban Development programs 37 567 3,995 Individual Income and Employment Taxes, Not Withheld 510 7,788 349,756 Interest recd from T&L Depositaries 5 82 526 Justice Department programs 15 287 2,621 Postal Service 413 7,555 68,593 Public Debt Cash Issues (Table III-B) 204 369,673 3,257,362 Other Deposits: Air Transport Security Fees 20 36 1,417 Medicare Premiums 75 1,542 12,992 Total Other Deposits 94 3,216 59,851 Change in Balance of Uncollected Funds (closing balance $ 199) -144 165 -40 Transfers from Depositaries 17,998 365,161 2,290,491 Total Federal Reserve Account 21,831 814,174 6,542,362 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,016 98,647 1,069,604 Transfers from Federal Reserve Account (Table V) 4,692 141,032 1,161,459 Total Tax and Loan Note Accounts (Table V) 6,708 239,679 2,231,062 Total Deposits (excluding transfers) 5,849 547,659 5,321,474 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday May 28, 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 8 412 20,877 Defense Vendor Payments (EFT) 2,914 25,822 226,254 Education Department programs 484 6,528 62,628 Energy Department programs 119 2,137 18,581 Federal Employees Insurance Payments 259 4,166 37,355 Fed. Highway Administration programs 185 3,266 21,496 Federal Salaries (EFT) 183 12,561 103,080 Food and Nutrition Service (misc) 106 4,169 27,254 Food Stamps 6 682 12,243 GSA programs 27 1,286 10,807 Health and Human Services Grants (misc) 475 5,823 52,408 Housing and Urban Development programs 111 4,037 36,580 Interest on Treasury Securities 2 21,839 119,610 Justice Department programs 47 851 7,968 Labor Dept. prgms (excl. unemployment) 39 1,002 8,608 Medicaid 1,089 16,001 131,677 Medicare 2,000 35,833 290,715 NASA programs 102 1,266 9,900 Postal Service Money Orders and Other 157 3,451 32,383 Public Debt Cash Redemp. (Table III-B) 83 366,957 3,100,411 Social Security Benefits (EFT) 6,409 41,336 324,429 Temporary Assistance for Needy Families (HHS) 241 1,389 12,144 Unemployment Insurance Benefits 209 2,840 25,482 Veterans Affairs programs 66 2,017 17,292 Other Withdrawals: Emergency Prep & Response (DHS) 51 602 6,205 Federal Aviation Administration 50 658 5,041 Interior 64 938 7,992 Transportation Security Admin. (DHS) 27 240 1,515 Unclassified 2,389 42,434 238,277 Total, Other Withdrawals 2,580 108,009 671,842 Transfers to Depositaries 4,692 141,032 1,161,459 Total Federal Reserve Account 22,593 814,714 6,543,486 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,998 365,161 2,290,491 Total Withdrawals (excluding transfers) 17,901 673,682 5,382,027 Net Change in Operating Cash Balance -12,052 -126,023 -60,552 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday May 28, 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 0 281,029 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 137 3,749 11,624 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 298 2,717 Interest Increment 0 537 4,736 Government Account Series 155,171 2,862,840 24,188,000 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 196 6,907 51,839 Other 0 1,142 15,546 Total Issues 155,513 3,238,808 27,480,038 (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 44 884 9,346 Government Account Series 158,052 2,858,753 23,997,043 Domestic Series 0 0 599 Foreign Series 0 1,000 2,000 State and Local Series 38 14,241 68,869 Other 1 1,199 17,359 Total Redemptions 158,135 3,225,712 27,097,038 Net Change in Public Debt Outstanding -2,622 13,096 383,000 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday May 28, 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) 155,513 3,238,808 27,480,038 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 (-) 155,171 2,862,840 24,187,579 Interest Increment on United States Savings Securities (-) 0 537 4,736 Inflation-Protected Securities Increment 137 3,749 11,326 Total Public Debt Cash Issues Deposited in Federal Reserve Account 204 369,673 3,257,362 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 158,135 3,225,712 27,097,038 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 (-) 158,052 2,858,755 23,996,626 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 83 366,957 3,100,411 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday May 28, 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 1/ $ 5,253,222 $ 5,252,836 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,137,432 4,140,440 4,133,363 3,958,348 Total Public Debt Outstanding 9,390,653 9,393,276 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 498 502 Unamortized Discount 64,787 64,854 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 9,311,420 9,313,976 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). 1/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $1,44 1 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday May 28, 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 $ 2,820 $ 127,658 $ 1,211,535 Individual Income Taxes 18 425 16,041 Railroad Retirement Taxes 4 399 3,209 Excise Taxes 513 3,559 39,735 Corporation Income Taxes 54 7,778 211,755 Federal Unemployment Taxes 3 228 6,371 Estate and Gift Taxes & Misc IRS Rcpts. 3 51 504 Change in Balance of Unclassified Taxes -125 -14 -89 Total 3,291 140,085 1,489,061 These Receipts were deposited in: Federal Reserve Account: Directly 128 2,620 25,371 Collector Depositaries 1,062 33,349 350,489 Tax and Loan Accounts 2,016 98,647 1,069,604 Inter-agency Transfers 85 5,470 43,598 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 24 $ 188 $ 1,691 $ 21,560 Deposits: Taxes Received (Table IV) 6 54 1,956 2,016 Transfers to Depositaries 0 2 90 92 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,000 Repo Investment 0 0 0 1,600 Withdrawals: Treasury Initiated 24 188 1,462 1,673 Depositary Initiated 1 5 710 716 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 13,708 Repo Investment 0 0 0 1,900 Closing Balance Today 5 51 1,565 10,270 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday May 28, 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 2/$ 343 $ 67,429 $ 296,705 Business 56 3,211 49,343 2/Includes $329 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.