1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday June 05, 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 $ 5,439 $ 5,278 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 3,117 2,334 9,282 69,698 Total Operating Balance 8,556 7,612 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday June 05, 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) 35 161 4,637 Commodity Credit Corporation programs 98 298 8,423 Customs and Certain Excise Taxes 62 307 22,941 Deposits by States: Supplemental Security Income 0 1 2,842 Unemployment 16 83 25,564 Education Department programs 90 231 9,339 Energy Department programs 2 94 4,699 Estate and Gift Taxes 65 358 21,020 Federal Reserve Earnings 0 615 26,116 Foreign Deposits, Military Sales 20 789 11,797 FTD's Received (Table IV) 611 9,298 390,056 Housing and Urban Development programs 41 167 4,242 Individual Income and Employment Taxes, Not Withheld 494 2,037 352,475 Interest recd from T&L Depositaries 1 4 532 Justice Department programs 7 43 2,723 Postal Service 437 1,803 71,084 Public Debt Cash Issues (Table III-B) 86,827 140,125 3,491,979 Other Deposits: Total Other Deposits 0 1,354 62,157 Change in Balance of Uncollected Funds (closing balance $ 126) 64 81 32 Transfers from Depositaries 2,175 52,075 2,361,837 Total Federal Reserve Account 91,046 209,923 6,874,497 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,254 25,998 1,104,992 Transfers from Federal Reserve Account (Table V) 1,703 19,912 1,190,264 Total Tax and Loan Note Accounts (Table V) 2,957 45,909 2,295,256 Total Deposits (excluding transfers) 90,126 183,846 5,617,652 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday June 05, 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 8 72 21,028 Defense Vendor Payments (EFT) 1,005 5,179 233,761 Education Department programs 431 1,083 64,328 Energy Department programs 93 305 19,270 Federal Employees Insurance Payments 136 600 38,520 Fed. Highway Administration programs 121 543 22,292 Federal Salaries (EFT) 944 3,110 109,150 Food and Nutrition Service (misc) 234 893 28,367 Food Stamps 11 43 12,342 GSA programs 80 532 11,521 Health and Human Services Grants (misc) 300 1,073 54,575 Housing and Urban Development programs 121 2,574 39,325 Interest on Treasury Securities 1 4,558 124,173 Justice Department programs 30 151 8,232 Labor Dept. prgms (excl. unemployment) 38 160 8,910 Medicaid 1,228 2,906 136,743 Medicare 1,010 4,508 309,796 NASA programs 37 200 10,176 Postal Service Money Orders and Other 171 881 33,749 Public Debt Cash Redemp. (Table III-B) 79,655 113,360 3,283,894 Social Security Benefits (EFT) 47 21,738 346,189 Temporary Assistance for Needy Families (HHS) 61 282 12,592 Unemployment Insurance Benefits 149 717 26,439 Veterans Affairs programs 150 410 17,971 Other Withdrawals: Deposit Insurance Fund (net) 78 286 1,636 State Department 58 199 3,726 Thrift Savings Plan Transfer 58 506 12,623 Transportation Security Admin. (DHS) 2 27 1,561 Unclassified 2,925 12,735 256,486 Total, Other Withdrawals 3,121 23,316 710,989 Transfers to Depositaries 1,703 19,912 1,190,264 Total Federal Reserve Account 90,886 209,104 6,874,597 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,175 52,075 2,361,837 Total Withdrawals (excluding transfers) 89,183 189,192 5,684,333 Net Change in Operating Cash Balance 943 -5,346 -66,681 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday June 05, 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 87,009 87,006 2,568,519 Cash Management Series 0 0 302,003 Notes 0 52,931 526,427 Bonds 0 0 39,066 Inflation-Protected Securities Increment -32 806 12,572 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 68 2,815 Interest Increment 0 563 5,300 Government Account Series 149,558 613,301 25,119,633 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 421 756 53,371 Other 111 114 15,749 Total Issues 237,074 755,545 28,648,954 (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 79,416 79,416 2,701,768 Notes 0 25,933 464,377 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 223 9,652 Government Account Series 145,731 623,357 24,965,636 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 98 7,689 76,799 Other 93 99 17,550 Total Redemptions 225,386 736,718 28,249,113 Net Change in Public Debt Outstanding 11,688 18,827 399,841 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday June 05, 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) 237,074 755,545 28,648,954 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 721 721 19,316 Bonds and Notes (-) 0 28 1,686 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,558 613,301 25,119,212 Interest Increment on United States Savings Securities (-) 0 563 5,300 Inflation-Protected Securities Increment -32 806 12,274 Total Public Debt Cash Issues Deposited in Federal Reserve Account 86,827 140,125 3,491,979 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 225,386 736,718 28,249,113 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 (-) 145,731 623,357 24,965,219 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 79,655 113,360 3,283,894 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday June 05, 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/ $ 5,307,427 $ 5,299,614 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,100,067 4,096,192 4,110,100 3,958,348 Total Public Debt Outstanding 9,407,494 9,395,806 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,609 49,953 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 9,342,440 9,331,407 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 $1,35 5 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday June 05, 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 $ 1,849 $ 35,526 $ 1,260,233 Individual Income Taxes 14 58 16,120 Railroad Retirement Taxes 5 109 3,339 Excise Taxes 10 41 41,682 Corporation Income Taxes 81 819 212,689 Federal Unemployment Taxes 4 15 6,393 Estate and Gift Taxes & Misc IRS Rcpts. 2 6 518 Change in Balance of Unclassified Taxes 79 263 147 Total 2,044 36,838 1,541,123 These Receipts were deposited in: Federal Reserve Account: Directly 41 713 26,739 Collector Depositaries 570 8,584 363,317 Tax and Loan Accounts 1,254 25,998 1,104,992 Inter-agency Transfers 179 1,542 46,076 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 9 $ 94 $ 1,031 $ 2,334 Deposits: Taxes Received (Table IV) 3 23 1,229 1,254 Transfers to Depositaries 0 1 102 103 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,600 Withdrawals: Treasury Initiated 0 0 706 707 Depositary Initiated 0 4 264 268 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,200 Closing Balance Today 12 113 1,392 3,117 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday June 05, 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/$ 378 $ 961 $ 304,497 Business 61 1,151 50,599 2/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.