1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday June 27, 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 $ 5,472 $ 4,805 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 14,744 16,502 9,282 69,698 Total Operating Balance 20,216 21,307 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday June 27, 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) 32 444 4,920 Commodity Credit Corporation programs 59 1,267 9,392 Customs and Certain Excise Taxes 120 2,639 25,274 Deposits by States: Supplemental Security Income 1 307 3,148 Unemployment 268 764 26,245 Education Department programs 27 834 9,943 Energy Department programs 17 497 5,102 Estate and Gift Taxes 143 2,287 22,949 Federal Reserve Earnings 0 1,952 27,453 Foreign Deposits, Military Sales 97 1,248 12,256 FTD's Received (Table IV) 2,043 50,105 430,863 Housing and Urban Development programs 39 702 4,778 Individual Income and Employment Taxes, Not Withheld 476 60,293 410,731 Interest recd from T&L Depositaries 1 21 549 Justice Department programs 6 384 3,065 Postal Service 327 7,493 76,774 Public Debt Cash Issues (Table III-B) 170 379,160 3,731,014 Other Deposits: Air Transport Security Fees 2 65 1,635 Defense Finance & Accounting Service 54 648 6,103 Gas and Oil Lease Sales Proceeds 91 1,092 8,274 Pension Benefit Guaranty Corp. 368 368 2,455 Total Other Deposits 516 4,456 65,259 Change in Balance of Uncollected Funds (closing balance $ 199) 27 7 -41 Transfers from Depositaries 12,282 283,514 2,593,276 Total Federal Reserve Account 16,651 798,375 7,462,949 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,619 146,996 1,225,990 Transfers from Federal Reserve Account (Table V) 4,904 141,980 1,312,332 Total Tax and Loan Note Accounts (Table V) 10,523 288,975 2,538,322 Total Deposits (excluding transfers) 9,988 661,857 6,095,662 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday June 27, 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 6 300 21,256 Defense Vendor Payments (EFT) 1,290 29,968 258,551 Education Department programs 221 5,736 68,980 Energy Department programs 166 1,991 20,956 Federal Employees Insurance Payments 158 4,350 42,270 Fed. Highway Administration programs 274 3,453 25,202 Federal Salaries (EFT) 2,628 12,859 118,900 Food and Nutrition Service (misc) 98 4,631 32,106 Food Stamps 9 267 12,567 GSA programs 37 1,425 12,414 Health and Human Services Grants (misc) 484 6,278 59,781 Housing and Urban Development programs 207 4,524 41,275 Interest on Treasury Securities 1 6,244 125,859 Justice Department programs 73 891 8,972 Labor Dept. prgms (excl. unemployment) 68 1,031 9,782 Medicaid 448 15,140 148,977 Medicare 1,342 23,513 328,802 NASA programs 7 1,469 11,444 Postal Service Money Orders and Other 167 3,614 36,482 Public Debt Cash Redemp. (Table III-B) 114 409,862 3,580,395 Social Security Benefits (EFT) 11 41,503 365,954 Temporary Assistance for Needy Families (HHS) 169 1,371 13,681 Unemployment Insurance Benefits 113 2,944 28,666 Veterans Affairs programs 155 2,066 19,627 Other Withdrawals: Federal Transit Admin. 93 764 3,404 Interior 58 1,111 9,209 IRS Tax Refunds Business (EFT) 194 2,742 29,415 IRS Tax Refunds Individual (EFT) 1/ 529 2,430 212,772 Minerals Mgmt. Svc/Pmts to States 244 244 619 Thrift Savings Plan Transfer 50 1,169 13,285 Transportation Security Admin. (DHS) 19 181 1,715 Unclassified 1,647 49,155 292,906 Total, Other Withdrawals 2,834 70,111 757,784 Transfers to Depositaries 4,904 141,980 1,312,332 Total Federal Reserve Account 15,983 797,522 7,463,015 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,282 283,514 2,593,276 Total Withdrawals (excluding transfers) 11,079 655,542 6,150,683 Net Change in Operating Cash Balance -1,091 6,314 -55,021 1/Includes $241 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday June 27, 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 0 290,020 2,771,534 Cash Management Series 0 22,000 324,003 Notes 0 63,926 537,422 Bonds 0 0 39,066 Inflation-Protected Securities Increment 99 3,005 14,772 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 198 2,945 Interest Increment 0 568 5,305 Government Account Series 147,664 2,999,343 27,505,674 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 155 4,865 57,480 Other 0 437 16,072 Total Issues 147,934 3,384,362 31,277,771 (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 0 370,808 2,993,160 Notes 0 25,934 464,378 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 40 955 10,385 Government Account Series 152,871 2,999,362 27,341,641 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 70 11,476 80,586 Other 4 489 17,940 Total Redemptions 152,985 3,409,224 30,921,619 Net Change in Public Debt Outstanding -5,052 -24,861 356,152 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday June 27, 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) 147,934 3,384,362 31,277,771 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,949 20,544 Bonds and Notes (-) 0 338 1,996 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 147,664 2,999,343 27,505,253 Interest Increment on United States Savings Securities (-) 0 568 5,305 Inflation-Protected Securities Increment 99 3,005 14,474 Total Public Debt Cash Issues Deposited in Federal Reserve Account 170 379,160 3,731,014 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 152,985 3,409,224 30,921,619 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 (-) 152,871 2,999,362 27,341,224 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 114 409,862 3,580,395 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday June 27, 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/ $ 5,254,179 $ 5,253,962 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,109,626 4,114,895 4,110,100 3,958,348 Total Public Debt Outstanding 9,363,806 9,368,857 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 496 497 502 Unamortized Discount 50,432 50,493 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 9,298,929 9,303,919 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 $833 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday June 27, 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 $ 6,179 $ 132,579 $ 1,357,287 Individual Income Taxes 9 2,187 18,249 Railroad Retirement Taxes 8 386 3,616 Excise Taxes 1,827 5,467 47,108 Corporation Income Taxes 62 61,458 273,329 Federal Unemployment Taxes 3 71 6,449 Estate and Gift Taxes & Misc IRS Rcpts. 1 58 570 Change in Balance of Unclassified Taxes -49 39 -77 Total 8,040 202,246 1,706,532 These Receipts were deposited in: Federal Reserve Account: Directly 586 3,097 29,122 Collector Depositaries 1,457 47,008 401,741 Tax and Loan Accounts 5,619 146,996 1,225,990 Inter-agency Transfers 379 5,145 49,679 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 32 $ 253 $ 1,013 $ 16,502 Deposits: Taxes Received (Table IV) 5 54 5,560 5,619 Transfers to Depositaries 0 0 304 304 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,500 Repo Investment 0 0 0 1,100 Withdrawals: Treasury Initiated 0 0 3,976 3,976 Depositary Initiated 1 25 2,180 2,206 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,900 Repo Investment 0 0 0 1,200 Closing Balance Today 36 283 721 14,744 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday June 27, 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/$ 8,202 $ 32,705 $ 336,241 Business 499 5,111 54,560 3/Includes $6,683 million for payments issued in accordance with provisions o f 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.