1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday June 17, 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 $ 4,763 $ 7,413 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 42,967 34,158 9,282 69,698 Total Operating Balance 47,730 41,571 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday June 17, 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) 24 304 4,781 Commodity Credit Corporation programs 70 805 8,930 Customs and Certain Excise Taxes 84 1,003 23,637 Deposits by States: Supplemental Security Income 0 302 3,142 Unemployment 15 202 25,683 Education Department programs 38 545 9,654 Energy Department programs 8 195 4,800 Estate and Gift Taxes 79 1,137 21,798 Federal Reserve Earnings 0 1,033 26,534 Foreign Deposits, Military Sales 18 932 11,940 FTD's Received (Table IV) 440 35,658 416,416 Housing and Urban Development programs 37 415 4,491 Individual Income and Employment Taxes, Not Withheld 11,195 24,216 374,654 Interest recd from T&L Depositaries 0 6 534 Justice Department programs 9 319 2,999 Postal Service 409 4,831 74,112 Public Debt Cash Issues (Table III-B) 263 245,038 3,596,892 Other Deposits: Air Transport Security Fees 1 39 1,608 Medicare Premiums 73 446 13,599 Total Other Deposits 73 2,169 62,972 Change in Balance of Uncollected Funds (closing balance $ 146) -110 61 13 Transfers from Depositaries 13,819 177,794 2,487,557 Total Federal Reserve Account 26,472 496,965 7,161,539 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,828 117,877 1,196,871 Transfers from Federal Reserve Account (Table V) 19,800 93,602 1,263,955 Total Tax and Loan Note Accounts (Table V) 22,628 211,479 2,460,826 Total Deposits (excluding transfers) 15,481 437,047 5,870,852 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday June 17, 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 12 169 21,125 Defense Vendor Payments (EFT) 2,325 18,141 246,724 Education Department programs 163 3,017 66,261 Energy Department programs 110 1,050 20,015 Federal Employees Insurance Payments 146 2,553 40,473 Fed. Highway Administration programs 129 1,939 23,688 Federal Salaries (EFT) 472 8,416 114,456 Food and Nutrition Service (misc) 212 3,306 30,781 Food Stamps 9 195 12,494 GSA programs 52 928 11,917 Health and Human Services Grants (misc) 244 3,428 56,930 Housing and Urban Development programs 103 3,493 40,245 Interest on Treasury Securities 2 6,230 125,845 Justice Department programs 38 538 8,619 Labor Dept. prgms (excl. unemployment) 52 615 9,365 Medicaid 424 9,136 142,973 Medicare 1,187 12,703 317,991 NASA programs 40 767 10,742 Postal Service Money Orders and Other 184 2,405 35,273 Public Debt Cash Redemp. (Table III-B) 61 244,150 3,414,684 Social Security Benefits (EFT) 39 28,441 352,892 Temporary Assistance for Needy Families (HHS) 104 908 13,219 Unemployment Insurance Benefits 179 1,836 27,558 Veterans Affairs programs 78 1,297 18,858 Other Withdrawals: Agency for Internat'l Development 60 397 6,738 IRS Tax Refunds Business (EFT) 325 1,727 28,399 Securities and Exchange Commission 104 163 261 Transportation Security Admin. (DHS) 2 87 1,621 USDA: Forest Service 84 168 1,954 Unclassified 2,382 30,485 274,236 Total, Other Withdrawals 2,957 47,559 735,232 Transfers to Depositaries 19,800 93,602 1,263,955 Total Federal Reserve Account 29,122 496,821 7,162,314 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 13,819 177,794 2,487,557 Total Withdrawals (excluding transfers) 9,322 403,219 5,898,359 Net Change in Operating Cash Balance 6,159 33,828 -27,507 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday June 17, 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 -1 158,002 2,639,515 Cash Management Series 0 22,000 324,003 Notes 0 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 100 2,006 13,772 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 135 2,882 Interest Increment 0 565 5,302 Government Account Series 154,648 1,802,897 26,309,229 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 259 2,187 54,802 Other 0 250 15,885 Total Issues 155,012 2,051,968 29,945,377 (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 0 206,817 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 47 607 10,036 Government Account Series 145,112 1,799,856 26,142,135 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 13 10,364 79,475 Other 1 229 17,680 Total Redemptions 145,174 2,044,006 29,556,402 Net Change in Public Debt Outstanding 9,838 7,962 388,975 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday June 17, 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) 155,012 2,051,968 29,945,377 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,124 19,720 Bonds and Notes (-) 0 338 1,996 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 154,648 1,802,897 26,308,808 Interest Increment on United States Savings Securities (-) 0 565 5,302 Inflation-Protected Securities Increment 100 2,006 13,474 Total Public Debt Cash Issues Deposited in Federal Reserve Account 263 245,038 3,596,892 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,174 2,044,006 29,556,402 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 (-) 145,112 1,799,856 26,141,718 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 61 244,150 3,414,684 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday June 17, 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/ $ 5,283,986 $ 5,283,461 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,112,642 4,103,330 4,110,100 3,958,348 Total Public Debt Outstanding 9,396,629 9,386,790 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,227 50,290 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 9,331,957 9,322,055 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 $5,37 2 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday June 17, 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 $ 2,605 $ 89,905 $ 1,314,612 Individual Income Taxes 60 2,065 18,127 Railroad Retirement Taxes 1 293 3,523 Excise Taxes 10 2,905 44,546 Corporation Income Taxes 474 60,105 271,975 Federal Unemployment Taxes 2 43 6,421 Estate and Gift Taxes & Misc IRS Rcpts. 4 37 549 Change in Balance of Unclassified Taxes 624 1,490 1,374 Total 3,781 156,842 1,661,127 These Receipts were deposited in: Federal Reserve Account: Directly 45 1,707 27,732 Collector Depositaries 395 33,951 388,684 Tax and Loan Accounts 2,828 117,877 1,196,871 Inter-agency Transfers 513 3,307 47,841 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 34 $ 322 $ 3,858 $ 34,158 Deposits: Taxes Received (Table IV) 9 62 2,757 2,828 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 13,500 Repo Investment 0 0 0 6,300 Withdrawals: Treasury Initiated 0 0 4,159 4,159 Depositary Initiated 2 33 1,626 1,661 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 8,000 Closing Balance Today 41 351 831 42,967 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday June 17, 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/$ 6 $ 15,538 $ 319,074 Business 640 3,369 52,817 2/Includes $1 million for payments issued in accordance with provisions of th e 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.