1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday May 30, 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 $ 4,620 $ 4,188 $ 4,955 $ 5,539 Tax and Loan Note Accounts (Table V) 9,282 14,497 135,752 69,698 Total Operating Balance 13,902 18,685 140,708 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday May 30, 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) 134 528 4,476 Commodity Credit Corporation programs 106 1,103 8,125 Customs and Certain Excise Taxes 59 2,699 22,634 Deposits by States: Supplemental Security Income 16 92 2,841 Unemployment 74 12,577 25,481 Education Department programs 22 1,048 9,108 Energy Department programs 67 556 4,605 Estate and Gift Taxes 151 2,007 20,662 Federal Reserve Earnings 0 2,990 25,501 Foreign Deposits, Military Sales 11 1,205 11,008 FTD's Received (Table IV) 1,678 40,867 380,758 Housing and Urban Development programs 40 648 4,076 Individual Income and Employment Taxes, Not Withheld 244 8,470 350,438 Interest recd from T&L Depositaries 1 84 528 Justice Department programs 48 346 2,680 Postal Service 341 8,243 69,281 Public Debt Cash Issues (Table III-B) 19,015 464,166 3,351,854 Other Deposits: Air Transport Security Fees 149 189 1,570 Medicare Premiums 100 1,702 13,153 Minerals Management Svc/Collections 228 784 7,964 Thrift Savings Plan Transfer 56 327 12,042 Total Other Deposits 533 4,168 60,803 Change in Balance of Uncollected Funds (closing balance $ 207) -64 157 -48 Transfers from Depositaries 12,628 384,433 2,309,763 Total Federal Reserve Account 35,104 936,386 6,664,574 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,345 108,037 1,078,994 Transfers from Federal Reserve Account (Table V) 2,069 149,926 1,170,353 Total Tax and Loan Note Accounts (Table V) 7,414 257,963 2,249,347 Total Deposits (excluding transfers) 27,821 659,990 5,433,805 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday May 30, 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 13 491 20,956 Defense Vendor Payments (EFT) 1,042 28,151 228,583 Education Department programs 418 7,144 63,244 Energy Department programs 222 2,521 18,965 Federal Employees Insurance Payments 207 4,731 37,920 Fed. Highway Administration programs 125 3,519 21,749 Federal Salaries (EFT) 2,761 15,522 106,041 Food and Nutrition Service (misc) 132 4,390 27,475 Food Stamps 48 739 12,299 GSA programs 30 1,467 10,988 Health and Human Services Grants (misc) 651 6,917 53,502 Housing and Urban Development programs 47 4,209 36,752 Interest on Treasury Securities 2 21,844 119,615 Justice Department programs 12 964 8,081 Labor Dept. prgms (excl. unemployment) 93 1,145 8,750 Medicaid 901 18,161 133,837 Medicare 12,931 50,407 305,288 NASA programs 25 1,341 9,975 Postal Service Money Orders and Other 358 3,936 32,868 Public Debt Cash Redemp. (Table III-B) 121 437,080 3,170,534 Social Security Benefits (EFT) 10 41,358 324,451 Temporary Assistance for Needy Families (HHS) 77 1,555 12,310 Unemployment Insurance Benefits 89 3,080 25,722 Veterans Affairs programs 199 2,286 17,561 Other Withdrawals: Deposit Insurance Fund (net) 246 1,205 1,350 IRS Tax Refunds Individual (EFT) 1/ 752 40,258 210,346 Military Active Duty Pay (EFT) 3,537 9,605 50,960 Pension Benefit Guaranty Corp. 335 335 2,797 Supple. Security Income Benefits (EFT) 2,075 4,140 18,315 Thrift Savings Plan Transfer 85 1,764 12,116 Transportation Security Admin. (DHS) 7 260 1,534 Veterans Benefits (EFT) 2,694 5,376 23,641 Unclassified 2,358 47,908 243,751 Total, Other Withdrawals 12,089 123,840 687,673 Transfers to Depositaries 2,069 149,926 1,170,353 Total Federal Reserve Account 34,673 936,721 6,665,493 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,628 384,433 2,309,763 Total Withdrawals (excluding transfers) 32,604 786,795 5,495,140 Net Change in Operating Cash Balance -4,783 -126,805 -61,335 1/Includes $275 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday May 30, 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 -1 356,030 2,481,513 Cash Management Series 19,000 69,001 302,003 Notes 0 23,076 473,496 Bonds 0 9,231 39,066 Inflation-Protected Securities Increment 5 3,891 11,766 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 19 327 2,747 Interest Increment 0 538 4,737 Government Account Series 165,358 3,181,172 24,506,332 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 16 7,682 52,615 Other 0 1,231 15,635 Total Issues 184,398 3,652,179 27,893,409 (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 0 331,502 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 38 967 9,430 Government Account Series 186,839 3,203,989 24,342,279 Domestic Series 0 0 599 Foreign Series 0 1,600 2,600 State and Local Series 80 14,483 69,111 Other 2 1,291 17,451 Total Redemptions 186,960 3,641,070 27,512,395 Net Change in Public Debt Outstanding -2,562 11,110 381,014 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday May 30, 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) 184,398 3,652,179 27,893,409 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 19 1,960 18,595 Bonds and Notes (-) 0 452 1,658 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 165,358 3,181,172 24,505,911 Interest Increment on United States Savings Securities (-) 0 538 4,737 Inflation-Protected Securities Increment 5 3,891 11,468 Total Public Debt Cash Issues Deposited in Federal Reserve Account 19,015 464,166 3,351,854 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 186,960 3,641,070 27,512,395 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 (-) 186,839 3,203,990 24,341,862 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 121 437,080 3,170,534 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday May 30, 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 $ 5,278,567 $ 5,259,299 $ 5,244,195 $ 5,049,306 Intragovernmental Holdings 4,110,100 4,131,930 4,133,363 3,958,348 Total Public Debt Outstanding 9,388,667 9,391,229 9,377,557 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 498 502 Unamortized Discount 50,217 65,105 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 9,324,005 9,311,678 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday May 30, 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 $ 7,506 $ 140,830 $ 1,224,707 Individual Income Taxes 10 447 16,062 Railroad Retirement Taxes 11 420 3,230 Excise Taxes 32 5,466 41,642 Corporation Income Taxes 87 7,893 211,871 Federal Unemployment Taxes 4 235 6,378 Estate and Gift Taxes & Misc IRS Rcpts. 2 59 512 Change in Balance of Unclassified Taxes -12 -40 -116 Total 7,640 155,310 1,504,286 These Receipts were deposited in: Federal Reserve Account: Directly 46 3,274 26,025 Collector Depositaries 1,632 37,593 354,733 Tax and Loan Accounts 5,345 108,037 1,078,994 Inter-agency Transfers 617 6,406 44,534 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 7 $ 73 $ 542 $ 14,497 Deposits: Taxes Received (Table IV) 6 65 5,274 5,345 Transfers to Depositaries 0 1 65 67 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,002 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 3,437 3,437 Depositary Initiated 1 13 1,627 1,641 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 7,050 Repo Investment 0 0 0 500 Closing Balance Today 12 127 817 9,282 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday May 30, 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/$ 6,489 3/$ 74,264 3/$ 303,540 Business 21 3,317 49,449 2/Includes $3,543 million for payments issued in accordance with provisions o f the Economic Stimulus Act of 2008 (PL 110-185). 3/Does not include $1,059 mil offset by FMS for MTD & $4,041 mil for the fiscal YTD for TOP against Tax Refunds issued. Also includes $47,536 mil MTD & $5 1,454 mil YTD Stimulus Payments issued with provisions of the Economic 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.