1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday June 16, 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 $ 7,413 $ 4,555 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 34,158 6,194 9,282 69,698 Total Operating Balance 41,571 10,749 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday June 16, 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) 14 280 4,756 Commodity Credit Corporation programs 60 735 8,860 Customs and Certain Excise Taxes 94 918 23,552 Deposits by States: Supplemental Security Income 0 302 3,142 Unemployment 12 187 25,668 Education Department programs 61 508 9,616 Energy Department programs 11 187 4,791 Estate and Gift Taxes 41 1,058 21,719 Federal Reserve Earnings 0 1,033 26,534 Foreign Deposits, Military Sales 42 914 11,922 FTD's Received (Table IV) 13,186 35,218 415,976 Housing and Urban Development programs 46 379 4,454 Individual Income and Employment Taxes, Not Withheld 2,781 13,021 363,459 Interest recd from T&L Depositaries 0 6 534 Justice Department programs 20 310 2,990 Postal Service 385 4,422 73,703 Public Debt Cash Issues (Table III-B) 10,783 244,775 3,596,629 Other Deposits: Defense Finance & Accounting Service 56 358 5,812 Gas and Oil Lease Sales Proceeds 82 819 8,002 Total Other Deposits 138 2,095 62,898 Change in Balance of Uncollected Funds (closing balance $ 35) 92 171 123 Transfers from Depositaries 59,995 163,975 2,473,738 Total Federal Reserve Account 87,761 470,492 7,135,066 Tax and Loan Note Accounts: FTD's Received (Table IV) 57,416 115,049 1,194,042 Transfers from Federal Reserve Account (Table V) 30,543 73,802 1,244,155 Total Tax and Loan Note Accounts (Table V) 87,959 188,851 2,438,198 Total Deposits (excluding transfers) 85,182 421,566 5,855,371 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday June 16, 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 20 157 21,113 Defense Vendor Payments (EFT) 1,825 15,816 244,399 Education Department programs 267 2,853 66,098 Energy Department programs 59 940 19,905 Federal Employees Insurance Payments 253 2,407 40,327 Fed. Highway Administration programs 169 1,810 23,558 Federal Salaries (EFT) 1,228 7,944 113,984 Food and Nutrition Service (misc) 477 3,094 30,569 Food Stamps 26 186 12,485 GSA programs 66 876 11,865 Health and Human Services Grants (misc) 296 3,184 56,686 Housing and Urban Development programs 98 3,390 40,142 Interest on Treasury Securities 1,661 6,229 125,844 Justice Department programs 66 500 8,581 Labor Dept. prgms (excl. unemployment) 48 562 9,313 Medicaid 696 8,712 142,549 Medicare 1,134 11,516 316,804 NASA programs 39 727 10,703 Postal Service Money Orders and Other 290 2,221 35,089 Public Debt Cash Redemp. (Table III-B) 43,003 244,089 3,414,622 Social Security Benefits (EFT) 42 28,402 352,854 Temporary Assistance for Needy Families (HHS) 89 804 13,115 Unemployment Insurance Benefits 144 1,657 27,379 Veterans Affairs programs 130 1,219 18,781 Other Withdrawals: Federal Transit Admin. 53 238 2,877 Securities and Exchange Commission 60 60 157 Thrift Savings Plan Transfer 90 811 12,927 Transportation Security Admin. (DHS) 14 85 1,619 Unclassified 2,018 28,103 271,854 Total, Other Withdrawals 2,234 44,602 732,275 Transfers to Depositaries 30,543 73,802 1,244,155 Total Federal Reserve Account 84,903 467,699 7,133,192 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 59,995 163,975 2,473,738 Total Withdrawals (excluding transfers) 54,359 393,897 5,889,037 Net Change in Operating Cash Balance 30,822 27,669 -33,666 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday June 16, 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 -6 158,003 2,639,517 Cash Management Series 0 22,000 324,003 Notes 11,000 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 299 1,905 13,672 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 129 2,876 Interest Increment 0 565 5,302 Government Account Series 149,574 1,648,249 26,154,581 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 72 1,928 54,543 Other 15 250 15,885 Total Issues 160,966 1,896,956 29,790,365 (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 41,001 206,817 2,829,169 Notes 0 25,934 464,378 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 49 560 9,989 Government Account Series 146,707 1,654,744 25,997,023 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 1,953 10,351 79,462 Other 1 227 17,678 Total Redemptions 189,711 1,898,833 29,411,228 Net Change in Public Debt Outstanding -28,745 -1,876 379,137 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday June 16, 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) 160,966 1,896,956 29,790,365 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,124 19,720 Bonds and Notes (-) 310 338 1,996 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,574 1,648,249 26,154,160 Interest Increment on United States Savings Securities (-) 0 565 5,302 Inflation-Protected Securities Increment 299 1,905 13,374 Total Public Debt Cash Issues Deposited in Federal Reserve Account 10,783 244,775 3,596,629 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 189,711 1,898,833 29,411,228 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 (-) 146,707 1,654,744 25,996,606 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 43,003 244,089 3,414,622 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday June 16, 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/ $ 5,283,461 $ 5,315,086 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,103,330 4,100,450 4,110,100 3,958,348 Total Public Debt Outstanding 9,386,790 9,415,535 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,290 50,486 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 9,322,055 9,350,603 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 $7,55 0 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday June 16, 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 $ 19,543 $ 87,300 $ 1,312,007 Individual Income Taxes 1,283 2,004 18,067 Railroad Retirement Taxes 87 292 3,522 Excise Taxes 97 2,895 44,536 Corporation Income Taxes 49,461 59,630 271,501 Federal Unemployment Taxes 5 40 6,418 Estate and Gift Taxes & Misc IRS Rcpts. 1 33 546 Change in Balance of Unclassified Taxes 360 865 749 Total 70,837 153,060 1,657,346 These Receipts were deposited in: Federal Reserve Account: Directly 36 1,662 27,687 Collector Depositaries 13,150 33,556 388,289 Tax and Loan Accounts 57,416 115,049 1,194,042 Inter-agency Transfers 235 2,794 47,328 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 20 $ 219 $ 4,955 $ 6,194 Deposits: Taxes Received (Table IV) 18 180 57,217 57,416 Transfers to Depositaries 0 11 589 599 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 21,944 Repo Investment 0 0 0 8,000 Withdrawals: Treasury Initiated 0 0 11,334 11,334 Depositary Initiated 5 88 47,568 47,660 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Closing Balance Today 34 322 3,858 34,158 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday June 16, 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/$ 42 $ 15,531 $ 319,067 Business 390 2,729 52,177 2/Includes $29 million for payments issued in accordance with provisions of t he 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.