1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday June 02, 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 $ 5,217 $ 4,620 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 28,991 9,282 9,282 69,698 Total Operating Balance 34,208 13,902 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday June 02, 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) 68 68 4,544 Commodity Credit Corporation programs 100 100 8,225 Customs and Certain Excise Taxes 77 77 22,711 Deposits by States: Supplemental Security Income 0 0 2,841 Unemployment 30 30 25,511 Education Department programs 38 38 9,146 Energy Department programs 55 55 4,660 Estate and Gift Taxes 120 120 20,781 Federal Reserve Earnings 0 0 25,501 Foreign Deposits, Military Sales 757 757 11,766 FTD's Received (Table IV) 3,686 3,686 384,444 Housing and Urban Development programs 48 48 4,124 Individual Income and Employment Taxes, Not Withheld 275 275 350,713 Interest recd from T&L Depositaries 0 0 528 Justice Department programs 11 11 2,691 Postal Service 441 441 69,722 Public Debt Cash Issues (Table III-B) 53,178 53,178 3,405,032 Other Deposits: Air Transport Security Fees 35 35 1,605 Defense Finance & Accounting Service 54 54 5,508 Gas and Oil Lease Sales Proceeds 80 80 7,263 Medicare Premiums 54 54 13,207 Minerals Management Svc/Collections 459 459 8,422 Natl Railroad Retirement Inv Trust 136 136 972 Total Other Deposits 817 817 61,620 Change in Balance of Uncollected Funds (closing balance $ 188) 19 19 -29 Transfers from Depositaries 14,928 14,928 2,324,691 Total Federal Reserve Account 74,647 74,647 6,739,221 Tax and Loan Note Accounts: FTD's Received (Table IV) 18,918 18,918 1,097,911 Transfers from Federal Reserve Account (Table V) 15,719 15,719 1,186,072 Total Tax and Loan Note Accounts (Table V) 34,637 34,637 2,283,983 Total Deposits (excluding transfers) 78,636 78,636 5,512,442 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday June 02, 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 34 34 20,990 Defense Vendor Payments (EFT) 606 606 229,189 Education Department programs 247 247 63,492 Energy Department programs 71 71 19,036 Federal Employees Insurance Payments 190 190 38,110 Fed. Highway Administration programs 178 178 21,927 Federal Salaries (EFT) 1,433 1,433 107,474 Food and Nutrition Service (misc) 294 294 27,769 Food Stamps 7 7 12,306 GSA programs 375 375 11,363 Health and Human Services Grants (misc) 233 233 53,735 Housing and Urban Development programs 2,142 2,142 38,894 Interest on Treasury Securities 4,554 4,554 124,169 Justice Department programs 15 15 8,096 Labor Dept. prgms (excl. unemployment) 45 45 8,796 Medicaid 702 702 134,539 Medicare 1,191 1,191 306,479 NASA programs 6 6 9,982 Postal Service Money Orders and Other 315 315 33,183 Public Debt Cash Redemp. (Table III-B) 33,571 33,571 3,204,104 Social Security Benefits (EFT) 161 161 324,612 Temporary Assistance for Needy Families (HHS) 83 83 12,394 Unemployment Insurance Benefits 160 160 25,881 Veterans Affairs programs 119 119 17,680 Other Withdrawals: Agriculture Loan Payments (misc) 95 95 636 Civil Service Retirement (EFT) 4,206 4,206 37,394 Emergency Prep & Response (DHS) 50 50 6,319 Export-Import Bank (net) -60 -60 -1,031 Federal Transit Admin. 80 80 2,720 IRS Tax Refunds Business (EFT) 64 64 26,736 Military Retirement (EFT) 3,441 3,441 30,452 Railroad Retirement (EFT) 781 781 6,965 State Department 87 87 3,614 Thrift Savings Plan Transfer 68 68 12,184 Unclassified 2,789 2,789 246,540 Total, Other Withdrawals 11,600 11,600 699,273 Transfers to Depositaries 15,719 15,719 1,186,072 Total Federal Reserve Account 74,050 74,050 6,739,543 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 14,928 14,928 2,324,691 Total Withdrawals (excluding transfers) 58,331 58,331 5,553,471 Net Change in Operating Cash Balance 20,306 20,306 -41,030 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday June 02, 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 -4 -4 2,481,510 Cash Management Series 0 0 302,003 Notes 52,934 52,934 526,429 Bonds 0 0 39,066 Inflation-Protected Securities Increment 506 506 12,272 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 23 23 2,770 Interest Increment 562 562 5,299 Government Account Series 148,234 148,234 24,654,565 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 250 250 52,865 Other 3 3 15,638 Total Issues 202,507 202,507 28,095,916 (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 0 2,622,352 Notes 25,933 25,933 464,377 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 66 66 9,495 Government Account Series 161,265 161,265 24,503,544 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 7,568 7,568 76,679 Other 3 3 17,454 Total Redemptions 194,836 194,836 27,707,231 Net Change in Public Debt Outstanding 7,672 7,672 388,685 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday June 02, 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) 202,507 202,507 28,095,916 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 0 18,595 Bonds and Notes (-) 28 28 1,686 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 148,234 148,234 24,654,144 Interest Increment on United States Savings Securities (-) 562 562 5,299 Inflation-Protected Securities Increment 506 506 11,974 Total Public Debt Cash Issues Deposited in Federal Reserve Account 53,178 53,178 3,405,032 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 194,836 194,836 27,707,231 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 (-) 161,265 161,265 24,503,127 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 33,571 33,571 3,204,104 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday June 02, 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/ $ 5,299,425 $ 5,278,567 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,096,913 4,110,100 4,110,100 3,958,348 Total Public Debt Outstanding 9,396,339 9,388,667 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,085 50,217 50,217 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 51 69 Total Public Debt Subject to Limit 9,331,808 9,324,005 9,324,005 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 $928 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday June 02, 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 $ 22,373 $ 22,373 $ 1,247,080 Individual Income Taxes 21 21 16,083 Railroad Retirement Taxes 94 94 3,324 Excise Taxes 13 13 41,655 Corporation Income Taxes 507 507 212,377 Federal Unemployment Taxes 5 5 6,383 Estate and Gift Taxes & Misc IRS Rcpts. 1 1 513 Change in Balance of Unclassified Taxes 102 102 -14 Total 23,115 23,115 1,527,401 These Receipts were deposited in: Federal Reserve Account: Directly 502 502 26,527 Collector Depositaries 3,183 3,183 357,916 Tax and Loan Accounts 18,918 18,918 1,097,911 Inter-agency Transfers 512 512 45,046 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 12 $ 127 $ 817 $ 9,282 Deposits: Taxes Received (Table IV) 6 63 18,849 18,918 Transfers to Depositaries 0 9 410 419 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 14,300 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 693 693 Depositary Initiated 1 20 14,215 14,236 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 16 178 5,169 28,991 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday June 02, 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/$ 143 $ 143 $ 303,679 Business 111 111 49,560 2/Includes $126 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.