1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday June 25, 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 $ 4,208 $ 4,529 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 26,222 31,258 9,282 69,698 Total Operating Balance 30,430 35,786 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday June 25, 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) 14 399 4,875 Commodity Credit Corporation programs 61 1,161 9,286 Customs and Certain Excise Taxes 64 2,444 25,078 Deposits by States: Supplemental Security Income 1 306 3,147 Unemployment 232 490 25,971 Education Department programs 31 758 9,866 Energy Department programs 48 433 5,038 Estate and Gift Taxes 120 2,045 22,707 Federal Reserve Earnings 444 1,952 27,453 Foreign Deposits, Military Sales 8 1,120 12,128 FTD's Received (Table IV) 3,164 47,234 427,992 Housing and Urban Development programs 40 633 4,709 Individual Income and Employment Taxes, Not Withheld 2,320 59,203 409,641 Interest recd from T&L Depositaries 1 15 542 Justice Department programs 8 371 3,051 Postal Service 322 6,851 76,132 Public Debt Cash Issues (Table III-B) 536 313,057 3,664,912 Other Deposits: Air Transport Security Fees 2 43 1,613 Medicare Premiums 153 1,483 14,635 Minerals Management Svc/Collections 258 989 8,953 Thrift Savings Plan Transfer 73 552 12,593 Total Other Deposits 486 3,921 64,724 Change in Balance of Uncollected Funds (closing balance $ 294) -74 -87 -135 Transfers from Depositaries 11,944 252,558 2,562,320 Total Federal Reserve Account 19,770 694,864 7,359,438 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,512 139,170 1,218,163 Transfers from Federal Reserve Account (Table V) 3,396 130,328 1,300,680 Total Tax and Loan Note Accounts (Table V) 6,908 269,497 2,518,844 Total Deposits (excluding transfers) 11,338 581,476 6,015,281 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday June 25, 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 18 282 21,238 Defense Vendor Payments (EFT) 1,322 27,265 255,848 Education Department programs 758 5,255 68,500 Energy Department programs 137 1,688 20,653 Federal Employees Insurance Payments 251 3,675 41,595 Fed. Highway Administration programs 133 3,087 24,835 Federal Salaries (EFT) 270 10,112 116,152 Food and Nutrition Service (misc) 163 4,432 31,907 Food Stamps 5 248 12,548 GSA programs 84 1,263 12,251 Health and Human Services Grants (misc) 334 5,357 58,859 Housing and Urban Development programs 136 4,213 40,965 Interest on Treasury Securities 2 6,242 125,857 Justice Department programs 53 791 8,872 Labor Dept. prgms (excl. unemployment) 80 911 9,661 Medicaid 643 13,182 147,019 Medicare 1,787 20,931 326,219 NASA programs 109 1,358 11,333 Postal Service Money Orders and Other 93 3,318 36,186 Public Debt Cash Redemp. (Table III-B) 156 339,482 3,510,015 Social Security Benefits (EFT) 6,510 41,452 365,903 Temporary Assistance for Needy Families (HHS) 77 1,127 13,437 Unemployment Insurance Benefits 172 2,698 28,420 Veterans Affairs programs 63 1,811 19,372 Other Withdrawals: Agency for Internat'l Development 53 619 6,960 Emergency Prep & Response (DHS) 59 795 7,064 IRS Tax Refunds Business (EFT) 112 2,536 29,209 Transportation Security Admin. (DHS) 21 159 1,693 Unclassified 3,094 45,137 288,888 Total, Other Withdrawals 3,338 64,767 752,441 Transfers to Depositaries 3,396 130,328 1,300,680 Total Federal Reserve Account 20,091 695,276 7,360,769 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,944 252,558 2,562,320 Total Withdrawals (excluding transfers) 16,695 564,948 6,060,088 Net Change in Operating Cash Balance -5,357 16,528 -44,807 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday June 25, 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 101 2,806 14,572 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 174 2,921 Interest Increment 0 567 5,304 Government Account Series 146,683 2,697,397 27,203,729 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 529 3,506 56,121 Other 0 343 15,978 Total Issues 147,320 3,015,722 30,909,131 (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 45 874 10,303 Government Account Series 155,514 2,693,983 27,036,262 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 110 11,262 80,372 Other 0 403 17,854 Total Redemptions 155,670 3,033,465 30,545,860 Net Change in Public Debt Outstanding -8,350 -17,743 363,271 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday June 25, 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) 147,320 3,015,722 30,909,131 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 (-) 146,683 2,697,397 27,203,308 Interest Increment on United States Savings Securities (-) 0 567 5,304 Inflation-Protected Securities Increment 101 2,806 14,274 Total Public Debt Cash Issues Deposited in Federal Reserve Account 536 313,057 3,664,912 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 155,670 3,033,465 30,545,860 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 (-) 155,514 2,693,983 27,035,845 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 156 339,482 3,510,015 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday June 25, 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/ $ 5,257,711 $ 5,257,076 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,113,213 4,122,198 4,110,100 3,958,348 Total Public Debt Outstanding 9,370,924 9,379,274 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 496 497 502 Unamortized Discount 50,163 50,225 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 9,306,316 9,314,604 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 $1,05 0 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday June 25, 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 $ 6,424 $ 123,559 $ 1,348,266 Individual Income Taxes 16 2,168 18,231 Railroad Retirement Taxes 3 350 3,580 Excise Taxes 478 3,534 45,175 Corporation Income Taxes 83 60,992 272,863 Federal Unemployment Taxes 3 66 6,444 Estate and Gift Taxes & Misc IRS Rcpts. 2 49 561 Change in Balance of Unclassified Taxes -145 114 -2 Total 6,865 190,832 1,695,118 These Receipts were deposited in: Federal Reserve Account: Directly 104 2,332 28,357 Collector Depositaries 3,060 44,902 399,635 Tax and Loan Accounts 3,512 139,170 1,218,163 Inter-agency Transfers 189 4,429 48,962 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 26 $ 198 $ 1,690 $ 31,258 Deposits: Taxes Received (Table IV) 5 59 3,448 3,512 Transfers to Depositaries 0 0 196 196 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,000 Repo Investment 0 0 0 1,200 Withdrawals: Treasury Initiated 0 0 2,623 2,623 Depositary Initiated 1 21 1,799 1,821 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,500 Repo Investment 0 0 0 2,000 Closing Balance Today 30 236 911 26,222 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday June 25, 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/$ 345 $ 24,158 $ 327,694 Business 130 4,568 54,017 2/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.