1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday June 03, 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 $ 5,367 $ 5,217 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 1,811 28,991 9,282 69,698 Total Operating Balance 7,178 34,208 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday June 03, 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) 43 111 4,588 Commodity Credit Corporation programs 51 151 8,276 Customs and Certain Excise Taxes 82 159 22,793 Deposits by States: Supplemental Security Income 1 1 2,842 Unemployment 20 49 25,530 Education Department programs 46 84 9,192 Energy Department programs 18 73 4,678 Estate and Gift Taxes 51 171 20,832 Federal Reserve Earnings 0 0 25,501 Foreign Deposits, Military Sales 3 760 11,768 FTD's Received (Table IV) 881 4,567 385,325 Housing and Urban Development programs 31 79 4,155 Individual Income and Employment Taxes, Not Withheld 573 849 351,287 Interest recd from T&L Depositaries 3 3 531 Justice Department programs 11 22 2,702 Postal Service 506 947 70,228 Public Debt Cash Issues (Table III-B) 60 53,238 3,405,092 Other Deposits: Gas and Oil Lease Sales Proceeds 180 260 7,443 Total Other Deposits 180 997 61,800 Change in Balance of Uncollected Funds (closing balance $ 190) -2 17 -31 Transfers from Depositaries 29,846 44,774 2,354,537 Total Federal Reserve Account 32,405 107,052 6,771,626 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,688 20,606 1,099,600 Transfers from Federal Reserve Account (Table V) 977 16,697 1,187,049 Total Tax and Loan Note Accounts (Table V) 2,666 37,303 2,286,649 Total Deposits (excluding transfers) 4,247 82,883 5,516,689 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday June 03, 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 7 41 20,997 Defense Vendor Payments (EFT) 2,129 2,735 231,318 Education Department programs 173 421 63,665 Energy Department programs 87 158 19,123 Federal Employees Insurance Payments 127 317 38,237 Fed. Highway Administration programs 116 294 22,043 Federal Salaries (EFT) 439 1,872 107,912 Food and Nutrition Service (misc) 167 461 27,936 Food Stamps 5 12 12,311 GSA programs 36 411 11,400 Health and Human Services Grants (misc) 300 533 54,035 Housing and Urban Development programs 143 2,285 39,037 Interest on Treasury Securities 1 4,556 124,171 Justice Department programs 43 58 8,139 Labor Dept. prgms (excl. unemployment) 26 71 8,821 Medicaid 526 1,228 135,065 Medicare 1,214 2,404 307,692 NASA programs 104 110 10,086 Postal Service Money Orders and Other 204 519 33,387 Public Debt Cash Redemp. (Table III-B) 64 33,635 3,204,168 Social Security Benefits (EFT) 21,479 21,640 346,091 Temporary Assistance for Needy Families (HHS) 60 143 12,454 Unemployment Insurance Benefits 204 364 26,086 Veterans Affairs programs 82 201 17,762 Other Withdrawals: Agency for Internat'l Development 57 74 6,415 Deposit Insurance Fund (net) 181 205 1,555 Emergency Prep & Response (DHS) 63 113 6,382 State Department 54 140 3,668 Thrift Savings Plan Transfer 165 233 12,349 Transportation Security Admin. (DHS) 17 17 1,551 USDA: Forest Service 83 83 1,870 Unclassified 2,919 5,709 249,459 Total, Other Withdrawals 3,540 15,140 702,813 Transfers to Depositaries 977 16,697 1,187,049 Total Federal Reserve Account 32,254 106,304 6,771,797 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 29,846 44,774 2,354,537 Total Withdrawals (excluding transfers) 31,277 89,608 5,584,748 Net Change in Operating Cash Balance -27,030 -6,724 -68,059 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday June 03, 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 -4 2,481,510 Cash Management Series 0 0 302,003 Notes 0 52,933 526,429 Bonds 0 0 39,066 Inflation-Protected Securities Increment 100 606 12,373 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 29 51 2,798 Interest Increment 0 563 5,300 Government Account Series 169,786 318,020 24,824,351 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 32 282 52,896 Other 0 3 15,638 Total Issues 169,947 372,454 28,265,863 (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 0 25,933 464,377 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 55 120 9,550 Government Account Series 170,846 332,111 24,674,390 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 7 7,575 76,686 Other 2 5 17,456 Total Redemptions 170,910 365,746 27,878,141 Net Change in Public Debt Outstanding -963 6,708 387,722 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday June 03, 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) 169,947 372,454 28,265,863 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 0 18,595 Bonds and Notes (-) 0 28 1,686 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 169,786 318,020 24,823,930 Interest Increment on United States Savings Securities (-) 0 563 5,300 Inflation-Protected Securities Increment 100 606 12,075 Total Public Debt Cash Issues Deposited in Federal Reserve Account 60 53,238 3,405,092 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 170,910 365,746 27,878,141 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 (-) 170,846 332,111 24,673,973 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 64 33,635 3,204,168 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday June 03, 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/ $ 5,299,625 $ 5,299,425 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,095,750 4,096,913 4,110,100 3,958,348 Total Public Debt Outstanding 9,395,375 9,396,339 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,019 50,085 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 9,330,910 9,331,808 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 $773 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday June 03, 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 $ 3,156 $ 25,528 $ 1,250,235 Individual Income Taxes 14 35 16,097 Railroad Retirement Taxes 7 101 3,331 Excise Taxes 7 20 41,662 Corporation Income Taxes 168 674 212,545 Federal Unemployment Taxes 3 8 6,386 Estate and Gift Taxes & Misc IRS Rcpts. 1 2 515 Change in Balance of Unclassified Taxes 58 160 44 Total 3,414 26,530 1,530,815 These Receipts were deposited in: Federal Reserve Account: Directly 109 611 26,636 Collector Depositaries 773 3,956 358,689 Tax and Loan Accounts 1,688 20,606 1,099,600 Inter-agency Transfers 844 1,357 45,891 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 16 $ 178 $ 5,169 $ 28,991 Deposits: Taxes Received (Table IV) 4 33 1,652 1,688 Transfers to Depositaries 0 2 76 77 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 900 Withdrawals: Treasury Initiated 16 178 5,559 5,754 Depositary Initiated 0 1 464 465 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 22,627 Repo Investment 0 0 0 1,000 Closing Balance Today 4 33 874 1,811 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday June 03, 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/$ 19 $ 162 $ 303,698 Business 337 448 49,897 2/Includes $2 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.