1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday June 11, 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 $ 4,369 $ 5,166 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 19,449 636 9,282 69,698 Total Operating Balance 23,818 5,802 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday June 11, 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) 15 228 4,704 Commodity Credit Corporation programs 50 553 8,678 Customs and Certain Excise Taxes 108 635 23,269 Deposits by States: Supplemental Security Income 0 301 3,142 Unemployment 14 149 25,629 Education Department programs 25 406 9,514 Energy Department programs 12 130 4,735 Estate and Gift Taxes 190 865 21,527 Federal Reserve Earnings 418 1,033 26,534 Foreign Deposits, Military Sales 28 849 11,857 FTD's Received (Table IV) 3,428 16,415 397,173 Housing and Urban Development programs 34 269 4,345 Individual Income and Employment Taxes, Not Withheld 1,782 7,281 357,719 Interest recd from T&L Depositaries 0 4 532 Justice Department programs 8 158 2,838 Postal Service 336 3,389 72,671 Public Debt Cash Issues (Table III-B) 22,145 162,798 3,514,652 Other Deposits: Air Transport Security Fees 1 37 1,607 Interntl Security Assistance (DSCA) 60 60 423 Thrift Savings Plan Transfer 57 202 12,244 Total Other Deposits 118 1,957 62,760 Change in Balance of Uncollected Funds (closing balance $ 276) -95 -69 -117 Transfers from Depositaries 2,310 75,296 2,385,059 Total Federal Reserve Account 30,925 272,648 6,937,222 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,322 43,586 1,122,580 Transfers from Federal Reserve Account (Table V) 16,801 41,877 1,212,230 Total Tax and Loan Note Accounts (Table V) 21,123 85,463 2,334,810 Total Deposits (excluding transfers) 32,937 240,938 5,674,743 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday June 11, 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 13 124 21,080 Defense Vendor Payments (EFT) 1,244 11,420 240,003 Education Department programs 259 2,175 65,420 Energy Department programs 120 678 19,643 Federal Employees Insurance Payments 172 1,485 39,405 Fed. Highway Administration programs 204 1,368 23,116 Federal Salaries (EFT) 332 3,836 109,876 Food and Nutrition Service (misc) 248 2,171 29,645 Food Stamps 9 86 12,385 GSA programs 23 672 11,660 Health and Human Services Grants (misc) 296 2,236 55,738 Housing and Urban Development programs 133 3,040 39,792 Interest on Treasury Securities 2 4,566 124,181 Justice Department programs 28 356 8,437 Labor Dept. prgms (excl. unemployment) 36 389 9,140 Medicaid 782 6,385 140,222 Medicare 934 7,999 313,288 NASA programs 196 573 10,549 Postal Service Money Orders and Other 140 1,631 34,499 Public Debt Cash Redemp. (Table III-B) 54 113,914 3,284,448 Social Security Benefits (EFT) 6,399 28,277 352,729 Temporary Assistance for Needy Families (HHS) 24 470 12,780 Unemployment Insurance Benefits 130 1,326 27,048 Veterans Affairs programs 82 851 18,412 Other Withdrawals: IRS Tax Refunds Business (EFT) 159 1,396 28,068 Transportation Security Admin. (DHS) 12 53 1,587 Unclassified 2,893 22,317 266,068 Total, Other Withdrawals 3,064 34,994 722,667 Transfers to Depositaries 16,801 41,877 1,212,230 Total Federal Reserve Account 31,722 272,898 6,938,391 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,310 75,296 2,385,059 Total Withdrawals (excluding transfers) 14,920 231,021 5,726,162 Net Change in Operating Cash Balance 18,016 9,916 -51,419 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday June 11, 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 87,000 2,568,514 Cash Management Series 22,000 22,000 324,003 Notes 0 52,926 526,421 Bonds 0 0 39,066 Inflation-Protected Securities Increment 100 1,405 13,172 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 97 2,844 Interest Increment 0 564 5,301 Government Account Series 145,646 1,202,777 25,709,109 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 144 1,417 54,031 Other 0 114 15,749 Total Issues 167,898 1,368,301 29,261,710 (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 48 421 9,850 Government Account Series 151,090 1,214,732 25,557,011 Domestic Series 0 0 599 Foreign Series 0 0 2,600 State and Local Series 5 8,040 77,151 Other 0 104 17,555 Total Redemptions 151,144 1,328,646 28,841,041 Net Change in Public Debt Outstanding 16,754 39,655 420,668 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday June 11, 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) 167,898 1,368,301 29,261,710 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 7 728 19,323 Bonds and Notes (-) 0 28 1,686 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 145,646 1,202,777 25,708,688 Interest Increment on United States Savings Securities (-) 0 564 5,301 Inflation-Protected Securities Increment 100 1,405 12,874 Total Public Debt Cash Issues Deposited in Federal Reserve Account 22,145 162,798 3,514,652 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 151,144 1,328,646 28,841,041 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 (-) 151,090 1,214,732 25,556,594 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 54 113,914 3,284,448 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday June 11, 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/ $ 5,330,353 $ 5,308,044 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,097,968 4,103,523 4,110,100 3,958,348 Total Public Debt Outstanding 9,428,321 9,411,567 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,222 50,281 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 9,363,654 9,346,840 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 $1,79 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday June 11, 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 $ 6,776 $ 58,939 $ 1,283,647 Individual Income Taxes 73 204 16,266 Railroad Retirement Taxes 31 187 3,417 Excise Taxes 454 703 42,345 Corporation Income Taxes 436 1,758 213,629 Federal Unemployment Taxes 4 30 6,408 Estate and Gift Taxes & Misc IRS Rcpts. 9 28 541 Change in Balance of Unclassified Taxes -23 226 110 Total 7,760 62,076 1,566,362 These Receipts were deposited in: Federal Reserve Account: Directly 113 956 26,981 Collector Depositaries 3,315 15,459 370,191 Tax and Loan Accounts 4,322 43,586 1,122,580 Inter-agency Transfers 10 2,076 46,609 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 11 $ 203 $ 422 $ 636 Deposits: Taxes Received (Table IV) 6 60 4,256 4,322 Transfers to Depositaries 1 30 1,005 1,036 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 13,765 Repo Investment 0 0 0 2,000 Withdrawals: Treasury Initiated 11 203 0 214 Depositary Initiated 0 4 2,092 2,096 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 7 86 3,591 19,449 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday June 11, 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/$ 363 $ 7,665 $ 311,200 Business 179 2,211 51,660 2/Includes $333 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.