1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday June 04, 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 $ 5,278 $ 5,367 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 2,334 1,811 9,282 69,698 Total Operating Balance 7,612 7,178 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday June 04, 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) 14 126 4,602 Commodity Credit Corporation programs 49 200 8,325 Customs and Certain Excise Taxes 86 245 22,879 Deposits by States: Supplemental Security Income 0 1 2,842 Unemployment 17 66 25,547 Education Department programs 57 141 9,249 Energy Department programs 20 93 4,697 Estate and Gift Taxes 122 293 20,955 Federal Reserve Earnings 615 615 26,116 Foreign Deposits, Military Sales 9 769 11,777 FTD's Received (Table IV) 4,120 8,687 389,445 Housing and Urban Development programs 46 125 4,201 Individual Income and Employment Taxes, Not Withheld 694 1,543 351,981 Interest recd from T&L Depositaries 0 3 531 Justice Department programs 15 36 2,716 Postal Service 418 1,365 70,646 Public Debt Cash Issues (Table III-B) 61 53,298 3,405,153 Other Deposits: Air Transport Security Fees 1 36 1,605 Gas and Oil Lease Sales Proceeds 276 536 7,719 Medicare Premiums 80 150 13,303 Total Other Deposits 357 1,354 62,157 Change in Balance of Uncollected Funds (closing balance $ 191) -1 16 -32 Transfers from Depositaries 5,126 49,900 2,359,663 Total Federal Reserve Account 11,825 118,877 6,783,451 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,138 24,744 1,103,737 Transfers from Federal Reserve Account (Table V) 1,512 18,209 1,188,561 Total Tax and Loan Note Accounts (Table V) 5,650 42,952 2,292,299 Total Deposits (excluding transfers) 10,837 93,720 5,527,526 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday June 04, 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 23 64 21,020 Defense Vendor Payments (EFT) 1,438 4,173 232,756 Education Department programs 231 652 63,896 Energy Department programs 54 212 19,177 Federal Employees Insurance Payments 147 464 38,384 Fed. Highway Administration programs 128 422 22,171 Federal Salaries (EFT) 293 2,165 108,206 Food and Nutrition Service (misc) 198 659 28,134 Food Stamps 20 32 12,331 GSA programs 41 452 11,441 Health and Human Services Grants (misc) 240 773 54,275 Housing and Urban Development programs 167 2,453 39,205 Interest on Treasury Securities 2 4,557 124,172 Justice Department programs 63 121 8,202 Labor Dept. prgms (excl. unemployment) 51 122 8,873 Medicaid 451 1,679 135,516 Medicare 1,094 3,498 308,786 NASA programs 53 164 10,139 Postal Service Money Orders and Other 192 710 33,579 Public Debt Cash Redemp. (Table III-B) 71 33,706 3,204,239 Social Security Benefits (EFT) 51 21,691 346,142 Temporary Assistance for Needy Families (HHS) 77 220 12,531 Unemployment Insurance Benefits 204 568 26,289 Veterans Affairs programs 58 259 17,821 Other Withdrawals: Federal Transit Admin. 52 132 2,771 Interior 54 132 8,229 IRS Tax Refunds Business (EFT) 626 693 27,365 Thrift Savings Plan Transfer 215 448 12,565 Transportation Security Admin. (DHS) 7 25 1,559 Unclassified 4,102 9,810 253,561 Total, Other Withdrawals 5,055 20,195 707,868 Transfers to Depositaries 1,512 18,209 1,188,561 Total Federal Reserve Account 11,914 118,219 6,783,712 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,126 49,900 2,359,663 Total Withdrawals (excluding transfers) 10,402 100,010 5,595,150 Net Change in Operating Cash Balance 435 -6,290 -67,625 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday June 04, 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 -2 52,931 526,427 Bonds 0 0 39,066 Inflation-Protected Securities Increment 1/ 231 838 12,604 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 61 2,808 Interest Increment 0 563 5,300 Government Account Series 145,724 463,744 24,970,076 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 54 335 52,950 Other 0 3 15,639 Total Issues 146,017 518,471 28,411,880 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) 1/Includes an adjustment of $132 million due to an understatement of the Issues on May 30, 2008. ___________________________________________________________________________________________ | | | 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 55 176 9,605 Government Account Series 145,515 477,626 24,819,905 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 15 7,590 76,701 Other 1 6 17,457 Total Redemptions 145,586 511,332 28,023,727 Net Change in Public Debt Outstanding 431 7,139 388,153 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday June 04, 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) 146,017 518,471 28,411,880 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 (-) 145,724 463,744 24,969,655 Interest Increment on United States Savings Securities (-) 0 563 5,300 Inflation-Protected Securities Increment 231 838 12,306 Total Public Debt Cash Issues Deposited in Federal Reserve Account 61 53,298 3,405,153 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,586 511,332 28,023,727 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 (-) 145,515 477,626 24,819,488 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 71 33,706 3,204,239 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday June 04, 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 2/ $ 5,299,614 $ 5,299,625 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,096,192 4,095,750 4,110,100 3,958,348 Total Public Debt Outstanding 9,395,806 9,395,375 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 49,953 50,019 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 9,331,407 9,330,910 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). 2/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $958 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday June 04, 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 $ 8,149 $ 33,677 $ 1,258,384 Individual Income Taxes 10 44 16,107 Railroad Retirement Taxes 3 104 3,334 Excise Taxes 10 30 41,672 Corporation Income Taxes 63 738 212,608 Federal Unemployment Taxes 4 12 6,390 Estate and Gift Taxes & Misc IRS Rcpts. 1 4 516 Change in Balance of Unclassified Taxes 24 184 68 Total 8,264 34,794 1,539,079 These Receipts were deposited in: Federal Reserve Account: Directly 61 672 26,697 Collector Depositaries 4,058 8,015 362,747 Tax and Loan Accounts 4,138 24,744 1,103,737 Inter-agency Transfers 6 1,363 45,897 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 4 $ 33 $ 874 $ 1,811 Deposits: Taxes Received (Table IV) 6 64 4,067 4,138 Transfers to Depositaries 0 6 306 312 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,200 Withdrawals: Treasury Initiated 0 0 2,066 2,066 Depositary Initiated 0 9 2,151 2,160 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 900 Closing Balance Today 9 94 1,031 2,334 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday June 04, 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 3/$ 421 $ 583 $ 304,119 Business 641 1,090 50,538 3/Includes $360 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.