1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday June 06, 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 $ 4,933 $ 5,439 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 1,433 3,117 9,282 69,698 Total Operating Balance 6,366 8,556 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday June 06, 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) 12 173 4,649 Commodity Credit Corporation programs 78 376 8,501 Customs and Certain Excise Taxes 58 365 22,999 Deposits by States: Supplemental Security Income 300 301 3,142 Unemployment 23 105 25,586 Education Department programs 35 266 9,375 Energy Department programs 6 100 4,705 Estate and Gift Taxes 45 403 21,064 Federal Reserve Earnings 0 615 26,116 Foreign Deposits, Military Sales 10 799 11,807 FTD's Received (Table IV) 1,434 10,732 391,490 Housing and Urban Development programs 2 168 4,244 Individual Income and Employment Taxes, Not Withheld 666 2,703 353,141 Interest recd from T&L Depositaries 0 4 532 Justice Department programs 7 50 2,730 Postal Service 390 2,193 71,474 Public Debt Cash Issues (Table III-B) 14 140,139 3,491,993 Other Deposits: Federal Housing Admin: Note Sales 133 163 1,440 Total Other Deposits 133 1,488 62,291 Change in Balance of Uncollected Funds (closing balance $ 123) 4 84 36 Transfers from Depositaries 6,514 58,589 2,368,351 Total Federal Reserve Account 9,728 219,651 6,884,226 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,030 30,028 1,109,022 Transfers from Federal Reserve Account (Table V) 800 20,712 1,191,064 Total Tax and Loan Note Accounts (Table V) 4,830 50,740 2,300,086 Total Deposits (excluding transfers) 7,244 191,091 5,624,896 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday June 06, 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 9 80 21,036 Defense Vendor Payments (EFT) 1,366 6,544 235,127 Education Department programs 258 1,341 64,585 Energy Department programs 114 419 19,384 Federal Employees Insurance Payments 146 747 38,667 Fed. Highway Administration programs 159 701 22,450 Federal Salaries (EFT) 139 3,248 109,289 Food and Nutrition Service (misc) 224 1,116 28,591 Food Stamps 9 52 12,351 GSA programs 18 550 11,539 Health and Human Services Grants (misc) 281 1,354 54,856 Housing and Urban Development programs 110 2,684 39,435 Interest on Treasury Securities 1 4,560 124,175 Justice Department programs 70 221 8,302 Labor Dept. prgms (excl. unemployment) 110 270 9,020 Medicaid 721 3,627 137,464 Medicare 1,416 5,924 311,213 NASA programs 92 292 10,268 Postal Service Money Orders and Other 172 1,054 33,922 Public Debt Cash Redemp. (Table III-B) 365 113,725 3,284,258 Social Security Benefits (EFT) 37 21,775 346,227 Temporary Assistance for Needy Families (HHS) 63 345 12,655 Unemployment Insurance Benefits 128 845 26,567 Veterans Affairs programs 98 508 18,069 Other Withdrawals: Agency for Internat'l Development 53 173 6,514 Deposit Insurance Fund (net) 144 431 1,780 Federal Transit Admin. 53 185 2,824 HHS Deposit Fund Transfers to States 1/ 267 267 1,908 IRS Tax Refunds Business (EFT) 78 774 27,446 IRS Tax Refunds Individual (EFT) 2/ 643 685 211,027 Transportation Security Admin. (DHS) 2 29 1,563 Unclassified 2,089 14,825 258,575 Total, Other Withdrawals 3,329 26,645 714,318 Transfers to Depositaries 800 20,712 1,191,064 Total Federal Reserve Account 10,234 219,338 6,884,831 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,514 58,589 2,368,351 Total Withdrawals (excluding transfers) 9,434 198,627 5,693,767 Net Change in Operating Cash Balance -2,190 -7,536 -68,871 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 2/Includes $313 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday June 06, 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 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 100 906 12,672 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 76 2,823 Interest Increment 0 563 5,301 Government Account Series 145,193 758,495 25,264,827 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 5 762 53,376 Other 0 114 15,749 Total Issues 145,307 900,852 28,794,261 (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 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 46 269 9,698 Government Account Series 146,698 770,056 25,112,334 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 317 8,006 77,116 Other 2 101 17,552 Total Redemptions 147,063 883,780 28,396,176 Net Change in Public Debt Outstanding -1,755 17,072 398,086 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday June 06, 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) 145,307 900,852 28,794,261 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 721 19,316 Bonds and Notes (-) 0 28 1,686 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,193 758,495 25,264,406 Interest Increment on United States Savings Securities (-) 0 563 5,301 Inflation-Protected Securities Increment 100 906 12,374 Total Public Debt Cash Issues Deposited in Federal Reserve Account 14 140,139 3,491,993 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 147,063 883,780 28,396,176 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 (-) 146,698 770,056 25,111,917 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 365 113,725 3,284,258 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday June 06, 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 3/ $ 5,307,140 $ 5,307,427 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,098,599 4,100,067 4,110,100 3,958,348 Total Public Debt Outstanding 9,405,739 9,407,494 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,543 50,609 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 9,340,750 9,342,440 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). 3/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $823 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday June 06, 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 $ 5,359 $ 40,885 $ 1,265,592 Individual Income Taxes 20 78 16,140 Railroad Retirement Taxes 14 123 3,353 Excise Taxes 16 56 41,698 Corporation Income Taxes 70 889 212,760 Federal Unemployment Taxes 3 19 6,396 Estate and Gift Taxes & Misc IRS Rcpts. 9 15 527 Change in Balance of Unclassified Taxes -7 256 140 Total 5,484 42,321 1,546,607 These Receipts were deposited in: Federal Reserve Account: Directly 48 761 26,787 Collector Depositaries 1,386 9,971 364,703 Tax and Loan Accounts 4,030 30,028 1,109,022 Inter-agency Transfers 19 1,561 46,095 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 12 $ 113 $ 1,392 $ 3,117 Deposits: Taxes Received (Table IV) 4 51 3,976 4,030 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 800 Withdrawals: Treasury Initiated 12 0 3,709 3,721 Depositary Initiated 0 11 1,182 1,193 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,600 Closing Balance Today 4 154 476 1,433 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday June 06, 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 4/$ 6,278 $ 7,239 $ 310,775 Business 110 1,261 50,710 4/Includes $5,800 million for payments issued in accordance with provisions o f 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.