1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday June 18, 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 $ 4,172 $ 4,763 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 43,826 42,967 9,282 69,698 Total Operating Balance 47,998 47,730 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday June 18, 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) 11 316 4,792 Commodity Credit Corporation programs 67 872 8,997 Customs and Certain Excise Taxes 88 1,090 23,725 Deposits by States: Supplemental Security Income 0 302 3,143 Unemployment 12 214 25,694 Education Department programs 29 574 9,682 Energy Department programs 8 203 4,808 Estate and Gift Taxes 81 1,218 21,880 Federal Reserve Earnings 475 1,508 27,009 Foreign Deposits, Military Sales 47 979 11,987 FTD's Received (Table IV) 3,939 39,597 420,355 Housing and Urban Development programs 37 452 4,528 Individual Income and Employment Taxes, Not Withheld 6,481 30,697 381,136 Interest recd from T&L Depositaries 0 7 534 Justice Department programs 13 332 3,012 Postal Service 335 5,166 74,447 Public Debt Cash Issues (Table III-B) 110 245,148 3,597,002 Other Deposits: Medicare Premiums 319 765 13,918 Total Other Deposits 319 2,488 63,291 Change in Balance of Uncollected Funds (closing balance $ 254) -108 -47 -95 Transfers from Depositaries 9,437 187,231 2,496,994 Total Federal Reserve Account 21,381 518,346 7,182,920 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,876 121,753 1,200,747 Transfers from Federal Reserve Account (Table V) 6,420 100,022 1,270,375 Total Tax and Loan Note Accounts (Table V) 10,296 221,775 2,471,122 Total Deposits (excluding transfers) 15,821 452,868 5,886,673 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday June 18, 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 40 209 21,165 Defense Vendor Payments (EFT) 1,547 19,688 248,271 Education Department programs 417 3,434 66,678 Energy Department programs 93 1,142 20,107 Federal Employees Insurance Payments 160 2,713 40,633 Fed. Highway Administration programs 203 2,141 23,890 Federal Salaries (EFT) 228 8,644 114,685 Food and Nutrition Service (misc) 231 3,537 31,012 Food Stamps 8 203 12,502 GSA programs 50 978 11,966 Health and Human Services Grants (misc) 199 3,626 57,128 Housing and Urban Development programs 125 3,618 40,370 Interest on Treasury Securities 2 6,232 125,847 Justice Department programs 33 570 8,651 Labor Dept. prgms (excl. unemployment) 46 661 9,411 Medicaid 685 9,821 143,658 Medicare 1,243 13,946 319,234 NASA programs 62 829 10,804 Postal Service Money Orders and Other 138 2,542 35,411 Public Debt Cash Redemp. (Table III-B) 50 244,200 3,414,733 Social Security Benefits (EFT) 6,325 34,766 359,217 Temporary Assistance for Needy Families (HHS) 14 922 13,233 Unemployment Insurance Benefits 143 1,980 27,701 Veterans Affairs programs 58 1,355 18,916 Other Withdrawals: HHS Deposit Fund Transfers to States 1/ 193 460 2,102 Thrift Savings Plan Transfer 136 966 13,082 Transportation Security Admin. (DHS) 17 104 1,638 Unclassified 3,110 33,594 277,345 Total, Other Withdrawals 3,457 51,015 738,688 Transfers to Depositaries 6,420 100,022 1,270,375 Total Federal Reserve Account 21,973 518,794 7,184,287 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,437 187,231 2,496,994 Total Withdrawals (excluding transfers) 15,553 418,772 5,913,912 Net Change in Operating Cash Balance 268 34,096 -27,239 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday June 18, 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 0 158,002 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 101 2,106 13,873 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 142 2,889 Interest Increment 0 565 5,302 Government Account Series 146,700 1,949,598 26,455,929 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 103 2,291 54,905 Other 0 250 15,885 Total Issues 146,912 2,198,880 30,092,288 (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 48 654 10,084 Government Account Series 151,396 1,951,252 26,293,531 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 1 10,365 79,476 Other 1 230 17,680 Total Redemptions 151,445 2,195,452 29,707,847 Net Change in Public Debt Outstanding -4,534 3,428 384,442 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday June 18, 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) 146,912 2,198,880 30,092,288 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 (-) 146,700 1,949,598 26,455,508 Interest Increment on United States Savings Securities (-) 0 565 5,302 Inflation-Protected Securities Increment 101 2,106 13,575 Total Public Debt Cash Issues Deposited in Federal Reserve Account 110 245,148 3,597,002 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 151,445 2,195,452 29,707,847 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 (-) 151,396 1,951,252 26,293,114 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 50 244,200 3,414,733 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday June 18, 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 2/ $ 5,284,022 $ 5,283,986 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,108,073 4,112,642 4,110,100 3,958,348 Total Public Debt Outstanding 9,392,095 9,396,629 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 497 497 497 502 Unamortized Discount 50,163 50,227 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 9,327,486 9,331,957 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). 2/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $2,79 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday June 18, 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 $ 7,830 $ 97,735 $ 1,322,442 Individual Income Taxes 23 2,087 18,150 Railroad Retirement Taxes 3 296 3,526 Excise Taxes 11 2,916 44,558 Corporation Income Taxes 186 60,291 272,162 Federal Unemployment Taxes 3 46 6,424 Estate and Gift Taxes & Misc IRS Rcpts. 4 41 554 Change in Balance of Unclassified Taxes -42 1,447 1,331 Total 8,018 164,859 1,669,145 These Receipts were deposited in: Federal Reserve Account: Directly 147 1,854 27,879 Collector Depositaries 3,792 37,743 392,476 Tax and Loan Accounts 3,876 121,753 1,200,747 Inter-agency Transfers 203 3,510 48,043 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 41 $ 351 $ 831 $ 42,967 Deposits: Taxes Received (Table IV) 7 64 3,805 3,876 Transfers to Depositaries 0 0 53 53 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,167 Repo Investment 0 0 0 3,200 Withdrawals: Treasury Initiated 0 0 1,117 1,117 Depositary Initiated 3 37 1,980 2,020 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 6,300 Closing Balance Today 46 378 1,591 43,826 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday June 18, 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 3/$ 348 $ 15,886 $ 319,421 Business 37 3,405 52,854 3/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.