1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday June 24, 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 $ 4,529 $ 5,562 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 31,258 32,592 9,282 69,698 Total Operating Balance 35,786 38,154 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday June 24, 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) 18 385 4,861 Commodity Credit Corporation programs 47 1,100 9,225 Customs and Certain Excise Taxes 89 2,380 25,014 Deposits by States: Supplemental Security Income 0 305 3,145 Unemployment 12 258 25,739 Education Department programs 37 727 9,835 Energy Department programs 28 385 4,990 Estate and Gift Taxes 270 1,925 22,586 Federal Reserve Earnings 0 1,508 27,009 Foreign Deposits, Military Sales 4 1,112 12,120 FTD's Received (Table IV) 597 44,070 424,828 Housing and Urban Development programs 38 593 4,669 Individual Income and Employment Taxes, Not Withheld 4,971 56,883 407,321 Interest recd from T&L Depositaries 1 13 541 Justice Department programs 10 364 3,044 Postal Service 388 6,529 75,810 Public Debt Cash Issues (Table III-B) 235 312,522 3,664,376 Other Deposits: Air Transport Security Fees 1 42 1,611 Medicare Premiums 139 1,330 14,482 Total Other Deposits 140 3,435 64,238 Change in Balance of Uncollected Funds (closing balance $ 219) -167 -12 -60 Transfers from Depositaries 9,232 240,613 2,550,376 Total Federal Reserve Account 15,951 675,094 7,339,668 Tax and Loan Note Accounts: FTD's Received (Table IV) 893 135,657 1,214,651 Transfers from Federal Reserve Account (Table V) 7,005 126,932 1,297,284 Total Tax and Loan Note Accounts (Table V) 7,898 262,589 2,511,936 Total Deposits (excluding transfers) 7,612 570,138 6,003,943 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday June 24, 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 10 264 21,220 Defense Vendor Payments (EFT) 1,879 25,943 254,525 Education Department programs 260 4,498 67,742 Energy Department programs 88 1,552 20,517 Federal Employees Insurance Payments 292 3,424 41,344 Fed. Highway Administration programs 280 2,953 24,702 Federal Salaries (EFT) 242 9,842 115,883 Food and Nutrition Service (misc) 129 4,270 31,744 Food Stamps 10 243 12,543 GSA programs 42 1,179 12,167 Health and Human Services Grants (misc) 408 5,022 58,525 Housing and Urban Development programs 110 4,078 40,829 Interest on Treasury Securities 2 6,240 125,855 Justice Department programs 23 737 8,818 Labor Dept. prgms (excl. unemployment) 62 831 9,582 Medicaid 673 12,539 146,376 Medicare 1,285 19,144 324,432 NASA programs 143 1,249 11,224 Postal Service Money Orders and Other 210 3,225 36,093 Public Debt Cash Redemp. (Table III-B) 176 339,326 3,509,859 Social Security Benefits (EFT) 55 34,941 359,393 Temporary Assistance for Needy Families (HHS) 37 1,049 13,360 Unemployment Insurance Benefits 205 2,526 28,248 Veterans Affairs programs 87 1,749 19,310 Other Withdrawals: Emergency Prep & Response (DHS) 62 736 7,005 Federal Transit Admin. 71 614 3,254 IRS Tax Refunds Business (EFT) 597 2,425 29,097 Transportation Security Admin. (DHS) 12 138 1,672 Unclassified 2,529 42,044 285,795 Total, Other Withdrawals 3,270 61,430 749,103 Transfers to Depositaries 7,005 126,932 1,297,284 Total Federal Reserve Account 16,985 675,185 7,340,678 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,232 240,613 2,550,376 Total Withdrawals (excluding transfers) 9,980 548,253 6,043,394 Net Change in Operating Cash Balance -2,368 21,884 -39,451 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday June 24, 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 0 225,004 2,706,517 Cash Management Series 0 22,000 324,003 Notes 0 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 100 2,705 14,471 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 167 2,914 Interest Increment 0 566 5,304 Government Account Series 152,689 2,550,714 27,057,045 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 230 2,977 55,591 Other 0 343 15,978 Total Issues 153,024 2,868,402 30,761,811 (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 43 828 10,258 Government Account Series 146,863 2,538,470 26,880,748 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 132 11,151 80,262 Other 1 403 17,854 Total Redemptions 147,039 2,877,795 30,390,190 Net Change in Public Debt Outstanding 5,985 -9,393 371,621 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday June 24, 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) 153,024 2,868,402 30,761,811 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 (-) 152,689 2,550,714 27,056,624 Interest Increment on United States Savings Securities (-) 0 566 5,304 Inflation-Protected Securities Increment 100 2,705 14,173 Total Public Debt Cash Issues Deposited in Federal Reserve Account 235 312,522 3,664,376 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 147,039 2,877,795 30,390,190 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 (-) 146,863 2,538,470 26,880,331 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 176 339,326 3,509,859 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday June 24, 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/ $ 5,257,076 $ 5,256,906 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,122,198 4,116,383 4,110,100 3,958,348 Total Public Debt Outstanding 9,379,274 9,373,289 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 496 497 502 Unamortized Discount 50,225 50,286 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 9,314,604 9,308,558 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 $1,71 1 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday June 24, 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 $ 1,676 $ 117,135 $ 1,341,842 Individual Income Taxes 12 2,152 18,214 Railroad Retirement Taxes 1 347 3,577 Excise Taxes 74 3,056 44,697 Corporation Income Taxes 186 60,909 272,780 Federal Unemployment Taxes 4 63 6,441 Estate and Gift Taxes & Misc IRS Rcpts. 1 47 559 Change in Balance of Unclassified Taxes -438 259 143 Total 1,517 183,967 1,688,253 These Receipts were deposited in: Federal Reserve Account: Directly 87 2,228 28,253 Collector Depositaries 510 41,842 396,575 Tax and Loan Accounts 893 135,657 1,214,651 Inter-agency Transfers 27 4,239 48,773 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 23 $ 180 $ 1,778 $ 32,592 Deposits: Taxes Received (Table IV) 3 25 864 893 Transfers to Depositaries 0 0 105 105 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,900 Repo Investment 0 0 0 2,000 Withdrawals: Treasury Initiated 0 0 912 912 Depositary Initiated 0 7 146 154 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,167 Repo Investment 0 0 0 5,000 Closing Balance Today 26 198 1,690 31,258 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday June 24, 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/$ 8 $ 23,824 $ 327,360 Business 909 4,439 53,888 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.