1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday June 23, 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 $ 5,562 $ 5,560 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 32,592 19,340 9,282 69,698 Total Operating Balance 38,154 24,900 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday June 23, 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) 17 367 4,843 Commodity Credit Corporation programs 60 1,053 9,178 Customs and Certain Excise Taxes 1,020 2,291 24,925 Deposits by States: Supplemental Security Income 0 305 3,145 Unemployment 8 246 25,727 Education Department programs 77 690 9,798 Energy Department programs 83 358 4,962 Estate and Gift Taxes 115 1,654 22,316 Federal Reserve Earnings 0 1,508 27,009 Foreign Deposits, Military Sales 6 1,107 12,116 FTD's Received (Table IV) 1,764 43,474 424,232 Housing and Urban Development programs 33 555 4,630 Individual Income and Employment Taxes, Not Withheld 8,547 51,912 402,350 Interest recd from T&L Depositaries 0 12 540 Justice Department programs 9 354 3,034 Postal Service 349 6,141 75,422 Public Debt Cash Issues (Table III-B) 140 312,287 3,664,141 Other Deposits: Air Transport Security Fees 1 41 1,610 Defense Finance & Accounting Service 54 516 5,970 Gas and Oil Lease Sales Proceeds 77 986 8,168 Medicare Premiums 159 1,191 14,344 Total Other Deposits 290 3,296 64,099 Change in Balance of Uncollected Funds (closing balance $ 52) 148 155 106 Transfers from Depositaries 9,845 231,381 2,541,144 Total Federal Reserve Account 22,514 659,142 7,323,716 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,025 134,764 1,213,758 Transfers from Federal Reserve Account (Table V) 15,071 119,926 1,290,279 Total Tax and Loan Note Accounts (Table V) 23,096 254,691 2,504,037 Total Deposits (excluding transfers) 20,694 562,526 5,996,331 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday June 23, 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 21 254 21,210 Defense Vendor Payments (EFT) 1,004 24,063 252,646 Education Department programs 293 4,238 67,482 Energy Department programs 80 1,463 20,428 Federal Employees Insurance Payments 132 3,133 41,052 Fed. Highway Administration programs 161 2,673 24,422 Federal Salaries (EFT) 71 9,600 115,640 Food and Nutrition Service (misc) 299 4,141 31,616 Food Stamps 11 233 12,533 GSA programs 25 1,136 12,125 Health and Human Services Grants (misc) 385 4,614 58,116 Housing and Urban Development programs 131 3,967 40,719 Interest on Treasury Securities 3 6,238 125,853 Justice Department programs 69 714 8,795 Labor Dept. prgms (excl. unemployment) 38 769 9,520 Medicaid 406 11,866 145,703 Medicare 1,274 17,859 323,147 NASA programs 184 1,106 11,081 Postal Service Money Orders and Other 166 3,015 35,883 Public Debt Cash Redemp. (Table III-B) 316 339,150 3,509,683 Social Security Benefits (EFT) 42 34,886 359,337 Temporary Assistance for Needy Families (HHS) 31 1,013 13,323 Unemployment Insurance Benefits 145 2,321 28,043 Veterans Affairs programs 177 1,662 19,223 Other Withdrawals: Emergency Prep & Response (DHS) 64 674 6,943 Federal Transit Admin. 50 544 3,183 Transportation Security Admin. (DHS) 19 126 1,660 Unclassified 1,844 39,515 283,266 Total, Other Withdrawals 1,977 58,160 745,833 Transfers to Depositaries 15,071 119,926 1,290,279 Total Federal Reserve Account 22,512 658,200 7,323,693 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,845 231,381 2,541,144 Total Withdrawals (excluding transfers) 7,440 538,273 6,033,414 Net Change in Operating Cash Balance 13,254 24,252 -37,083 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday June 23, 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 -2 225,004 2,706,518 Cash Management Series 0 22,000 324,003 Notes 0 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 300 2,605 14,372 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 162 2,909 Interest Increment 0 566 5,303 Government Account Series 148,428 2,398,025 26,904,356 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 134 2,747 55,362 Other 0 343 15,978 Total Issues 148,869 2,715,378 30,608,787 (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 0 300,809 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 51 785 10,214 Government Account Series 146,018 2,391,607 26,733,885 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 188 11,019 80,130 Other 77 402 17,853 Total Redemptions 146,334 2,730,756 30,243,152 Net Change in Public Debt Outstanding 2,535 -15,378 365,636 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday June 23, 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) 148,869 2,715,378 30,608,787 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,557 20,153 Bonds and Notes (-) 0 338 1,996 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 148,428 2,398,025 26,903,935 Interest Increment on United States Savings Securities (-) 0 566 5,303 Inflation-Protected Securities Increment 300 2,605 14,074 Total Public Debt Cash Issues Deposited in Federal Reserve Account 140 312,287 3,664,141 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,334 2,730,756 30,243,152 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 (-) 146,018 2,391,607 26,733,468 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 316 339,150 3,509,683 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday June 23, 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/ $ 5,256,906 $ 5,256,761 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,116,383 4,113,993 4,110,100 3,958,348 Total Public Debt Outstanding 9,373,289 9,370,754 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 496 497 502 Unamortized Discount 50,286 50,472 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 9,308,558 9,305,837 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 $4,49 0 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday June 23, 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 $ 9,889 $ 115,459 $ 1,340,166 Individual Income Taxes 13 2,140 18,203 Railroad Retirement Taxes 38 346 3,576 Excise Taxes 23 2,982 44,623 Corporation Income Taxes 119 60,723 272,594 Federal Unemployment Taxes 6 59 6,436 Estate and Gift Taxes & Misc IRS Rcpts. 3 45 558 Change in Balance of Unclassified Taxes -261 697 581 Total 9,829 182,450 1,686,736 These Receipts were deposited in: Federal Reserve Account: Directly 139 2,141 28,167 Collector Depositaries 1,625 41,332 396,065 Tax and Loan Accounts 8,025 134,764 1,213,758 Inter-agency Transfers 40 4,212 48,746 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 19 $ 150 $ 1,860 $ 19,340 Deposits: Taxes Received (Table IV) 4 41 7,980 8,025 Transfers to Depositaries 0 0 71 71 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,000 Repo Investment 0 0 0 5,000 Withdrawals: Treasury Initiated 0 0 4,574 4,574 Depositary Initiated 0 11 3,559 3,571 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,700 Closing Balance Today 23 180 1,778 32,592 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday June 23, 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/$ 51 $ 23,816 $ 327,352 Business 17 3,530 52,979 2/Includes $27 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.