1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday May 29, 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 $ 4,188 $ 4,415 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 14,497 10,270 135,752 69,698 Total Operating Balance 18,685 14,685 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday May 29, 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) 20 394 4,342 Commodity Credit Corporation programs 64 998 8,019 Customs and Certain Excise Taxes 107 2,640 22,575 Deposits by States: Supplemental Security Income 69 75 2,824 Unemployment 42 12,503 25,407 Education Department programs 50 1,026 9,086 Energy Department programs 29 488 4,537 Estate and Gift Taxes 61 1,856 20,510 Federal Reserve Earnings 0 2,990 25,501 Foreign Deposits, Military Sales 11 1,193 10,997 FTD's Received (Table IV) 3,221 39,189 379,080 Housing and Urban Development programs 41 608 4,036 Individual Income and Employment Taxes, Not Withheld 438 8,226 350,195 Interest recd from T&L Depositaries 1 83 526 Justice Department programs 11 299 2,632 Postal Service 347 7,902 68,940 Public Debt Cash Issues (Table III-B) 75,478 445,151 3,332,839 Other Deposits: Air Transport Security Fees 3 39 1,420 Medicare Premiums 60 1,602 13,052 Pension Benefit Guaranty Corp. 356 356 2,087 Total Other Deposits 419 3,635 60,270 Change in Balance of Uncollected Funds (closing balance $ 143) 56 220 16 Transfers from Depositaries 6,644 371,805 2,297,134 Total Federal Reserve Account 87,108 901,282 6,629,470 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,045 102,692 1,073,649 Transfers from Federal Reserve Account (Table V) 6,825 147,857 1,168,284 Total Tax and Loan Note Accounts (Table V) 10,870 250,549 2,241,933 Total Deposits (excluding transfers) 84,510 632,169 5,405,984 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday May 29, 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 66 478 20,943 Defense Vendor Payments (EFT) 1,287 27,109 227,541 Education Department programs 198 6,726 62,826 Energy Department programs 161 2,298 18,742 Federal Employees Insurance Payments 358 4,524 37,713 Fed. Highway Administration programs 128 3,394 21,624 Federal Salaries (EFT) 199 12,760 103,279 Food and Nutrition Service (misc) 89 4,258 27,343 Food Stamps 8 691 12,251 GSA programs 151 1,436 10,958 Health and Human Services Grants (misc) 444 6,266 52,852 Housing and Urban Development programs 124 4,162 36,704 Interest on Treasury Securities 3 21,842 119,613 Justice Department programs 101 952 8,069 Labor Dept. prgms (excl. unemployment) 49 1,051 8,657 Medicaid 1,259 17,260 132,936 Medicare 1,643 37,476 292,358 NASA programs 50 1,316 9,951 Postal Service Money Orders and Other 127 3,579 32,511 Public Debt Cash Redemp. (Table III-B) 70,002 436,959 3,170,413 Social Security Benefits (EFT) 12 41,347 324,441 Temporary Assistance for Needy Families (HHS) 89 1,478 12,233 Unemployment Insurance Benefits 150 2,991 25,632 Veterans Affairs programs 70 2,087 17,362 Other Withdrawals: Deposit Insurance Fund (net) 202 959 1,103 Interior 59 996 8,050 Minerals Management Service 266 266 1,145 Thrift Savings Plan Transfer 87 1,679 12,032 Transportation Security Admin. (DHS) 13 253 1,527 Unclassified 3,115 45,549 241,392 Total, Other Withdrawals 3,742 111,751 675,584 Transfers to Depositaries 6,825 147,857 1,168,284 Total Federal Reserve Account 87,335 902,048 6,630,820 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,644 371,805 2,297,134 Total Withdrawals (excluding transfers) 80,510 754,191 5,462,536 Net Change in Operating Cash Balance 4,000 -122,023 -56,552 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday May 29, 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 75,003 356,031 2,481,514 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 3,886 11,761 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 309 2,728 Interest Increment 1 538 4,737 Government Account Series 152,974 3,015,814 24,340,974 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 759 7,666 52,598 Other 89 1,231 15,635 Total Issues 228,973 3,467,782 27,709,011 (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 69,105 331,502 2,622,352 Notes 0 87,237 438,444 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 45 928 9,391 Government Account Series 158,396 3,017,150 24,155,440 Domestic Series 0 0 599 Foreign Series 600 1,600 2,600 State and Local Series 162 14,403 69,031 Other 90 1,289 17,449 Total Redemptions 228,398 3,454,110 27,325,436 Net Change in Public Debt Outstanding 575 13,672 383,575 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday May 29, 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) 228,973 3,467,782 27,709,011 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 384 1,941 18,576 Bonds and Notes (-) 0 452 1,658 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 152,974 3,015,814 24,340,553 Interest Increment on United States Savings Securities (-) 1 538 4,737 Inflation-Protected Securities Increment 137 3,886 11,463 Total Public Debt Cash Issues Deposited in Federal Reserve Account 75,478 445,151 3,332,839 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 228,398 3,454,110 27,325,436 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 (-) 158,396 3,017,151 24,155,023 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 70,002 436,959 3,170,413 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday May 29, 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/ $ 5,259,299 $ 5,253,222 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,131,930 4,137,432 4,133,363 3,958,348 Total Public Debt Outstanding 9,391,229 9,390,653 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 498 502 Unamortized Discount 65,105 64,787 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 9,311,678 9,311,420 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 $459 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday May 29, 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 $ 5,666 $ 133,324 $ 1,217,201 Individual Income Taxes 12 437 16,053 Railroad Retirement Taxes 10 409 3,219 Excise Taxes 1,875 5,434 41,609 Corporation Income Taxes 28 7,806 211,784 Federal Unemployment Taxes 4 231 6,374 Estate and Gift Taxes & Misc IRS Rcpts. 6 57 511 Change in Balance of Unclassified Taxes -15 -29 -104 Total 7,585 147,670 1,496,646 These Receipts were deposited in: Federal Reserve Account: Directly 609 3,228 25,979 Collector Depositaries 2,612 35,961 353,101 Tax and Loan Accounts 4,045 102,692 1,073,649 Inter-agency Transfers 319 5,789 43,917 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 5 $ 51 $ 1,565 $ 10,270 Deposits: Taxes Received (Table IV) 2 29 4,014 4,045 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,325 Repo Investment 0 0 0 500 Withdrawals: Treasury Initiated 0 0 2,757 2,757 Depositary Initiated 0 6 2,281 2,287 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,600 Closing Balance Today 7 73 542 14,497 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday May 29, 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/$ 346 $ 67,775 $ 297,052 Business 85 3,296 49,428 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.