1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday June 19, 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 $ 4,514 $ 4,172 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 13,398 43,826 9,282 69,698 Total Operating Balance 17,911 47,998 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday June 19, 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) 13 329 4,805 Commodity Credit Corporation programs 59 931 9,056 Customs and Certain Excise Taxes 89 1,180 23,814 Deposits by States: Supplemental Security Income 0 302 3,143 Unemployment 14 227 25,708 Education Department programs 22 596 9,704 Energy Department programs 5 208 4,812 Estate and Gift Taxes 240 1,458 22,119 Federal Reserve Earnings 0 1,508 27,009 Foreign Deposits, Military Sales 79 1,058 12,066 FTD's Received (Table IV) 579 40,176 420,934 Housing and Urban Development programs 25 477 4,553 Individual Income and Employment Taxes, Not Withheld 4,274 34,971 385,409 Interest recd from T&L Depositaries 5 12 540 Justice Department programs 9 341 3,021 Postal Service 319 5,485 74,766 Public Debt Cash Issues (Table III-B) 66,984 312,132 3,663,986 Other Deposits: Thrift Savings Plan Transfer 50 377 12,419 Total Other Deposits 50 2,537 63,340 Change in Balance of Uncollected Funds (closing balance $ 329) -75 -122 -170 Transfers from Depositaries 31,663 218,894 2,528,657 Total Federal Reserve Account 104,352 622,698 7,287,273 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,152 122,905 1,201,898 Transfers from Federal Reserve Account (Table V) 83 100,105 1,270,458 Total Tax and Loan Note Accounts (Table V) 1,235 223,010 2,472,356 Total Deposits (excluding transfers) 73,841 526,709 5,960,514 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday June 19, 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 11 220 21,176 Defense Vendor Payments (EFT) 1,863 21,551 250,134 Education Department programs 183 3,617 66,861 Energy Department programs 106 1,248 20,213 Federal Employees Insurance Payments 127 2,840 40,760 Fed. Highway Administration programs 146 2,288 24,036 Federal Salaries (EFT) 736 9,380 115,421 Food and Nutrition Service (misc) 137 3,673 31,148 Food Stamps 12 215 12,514 GSA programs 104 1,082 12,071 Health and Human Services Grants (misc) 332 3,958 57,460 Housing and Urban Development programs 105 3,723 40,475 Interest on Treasury Securities 1 6,233 125,848 Justice Department programs 28 598 8,679 Labor Dept. prgms (excl. unemployment) 38 699 9,449 Medicaid 1,232 11,053 144,890 Medicare 1,216 15,162 320,450 NASA programs 44 873 10,848 Postal Service Money Orders and Other 137 2,680 35,548 Public Debt Cash Redemp. (Table III-B) 94,430 338,629 3,509,163 Social Security Benefits (EFT) 48 34,814 359,265 Temporary Assistance for Needy Families (HHS) 16 938 13,249 Unemployment Insurance Benefits 107 2,087 27,809 Veterans Affairs programs 61 1,416 18,977 Other Withdrawals: Emergency Prep & Response (DHS) 58 570 6,838 Federal Transit Admin. 96 334 2,973 Interior 60 836 8,933 Transportation Security Admin. (DHS) 1 105 1,639 Unclassified 2,493 36,087 279,838 Total, Other Withdrawals 2,708 53,723 741,396 Transfers to Depositaries 83 100,105 1,270,458 Total Federal Reserve Account 104,010 622,804 7,288,297 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 31,663 218,894 2,528,657 Total Withdrawals (excluding transfers) 103,927 522,699 6,017,840 Net Change in Operating Cash Balance -30,087 4,009 -57,326 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday June 19, 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 67,004 225,006 2,706,519 Cash Management Series 0 22,000 324,003 Notes 0 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 99 2,205 13,972 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 148 2,895 Interest Increment 0 566 5,303 Government Account Series 154,382 2,103,979 26,610,311 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 315 2,605 55,220 Other 93 343 15,978 Total Issues 221,899 2,420,778 30,314,187 (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 93,993 300,809 2,923,161 Notes 0 25,934 464,378 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 695 10,125 Government Account Series 149,275 2,100,527 26,442,806 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 301 10,667 79,777 Other 95 324 17,775 Total Redemptions 243,705 2,439,157 29,951,552 Net Change in Public Debt Outstanding -21,807 -18,379 362,635 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday June 19, 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) 221,899 2,420,778 30,314,187 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 433 1,558 20,153 Bonds and Notes (-) 0 338 1,996 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 154,382 2,103,979 26,609,890 Interest Increment on United States Savings Securities (-) 0 566 5,303 Inflation-Protected Securities Increment 99 2,205 13,674 Total Public Debt Cash Issues Deposited in Federal Reserve Account 66,984 312,132 3,663,986 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 243,705 2,439,157 29,951,552 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 (-) 149,275 2,100,527 26,442,389 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 94,430 338,629 3,509,163 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday June 19, 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 $ 5,256,872 $ 5,284,022 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,113,417 4,108,073 4,110,100 3,958,348 Total Public Debt Outstanding 9,370,288 9,392,095 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 497 497 502 Unamortized Discount 50,533 50,163 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 9,305,310 9,327,486 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday June 19, 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 $ 2,283 $ 100,018 $ 1,324,725 Individual Income Taxes 24 2,111 18,174 Railroad Retirement Taxes 3 299 3,529 Excise Taxes 11 2,927 44,569 Corporation Income Taxes 105 60,396 272,267 Federal Unemployment Taxes 4 50 6,428 Estate and Gift Taxes & Misc IRS Rcpts. 1 42 554 Change in Balance of Unclassified Taxes -99 1,348 1,232 Total 2,333 167,192 1,671,478 These Receipts were deposited in: Federal Reserve Account: Directly 80 1,934 27,959 Collector Depositaries 499 38,242 392,974 Tax and Loan Accounts 1,152 122,905 1,201,898 Inter-agency Transfers 602 4,112 48,645 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 46 $ 378 $ 1,591 $ 43,826 Deposits: Taxes Received (Table IV) 2 21 1,128 1,152 Transfers to Depositaries 0 3 80 83 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 34 321 2,349 2,704 Depositary Initiated 0 1 258 260 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 25,500 Repo Investment 0 0 0 3,200 Closing Balance Today 14 80 193 13,398 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday June 19, 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 1/$ 350 $ 16,236 $ 319,771 Business 25 3,431 52,880 1/Includes $334 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.