1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday June 30, 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 $ 4,978 $ 5,472 $ 4,620 $ 5,539 Tax and Loan Note Accounts (Table V) 48,338 14,744 9,282 69,698 Total Operating Balance 53,316 20,216 13,902 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday June 30, 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) 46 490 4,966 Commodity Credit Corporation programs 63 1,330 9,455 Customs and Certain Excise Taxes 87 2,727 25,361 Deposits by States: Supplemental Security Income 383 690 3,531 Unemployment 8 772 26,253 Education Department programs 73 907 10,015 Energy Department programs 75 572 5,177 Estate and Gift Taxes 64 2,351 23,012 Federal Reserve Earnings 0 1,952 27,453 Foreign Deposits, Military Sales 7 1,255 12,264 FTD's Received (Table IV) 2,721 52,826 433,584 Housing and Urban Development programs 55 757 4,833 Individual Income and Employment Taxes, Not Withheld 368 60,661 411,099 Interest recd from T&L Depositaries 0 22 549 Justice Department programs 10 394 3,074 Postal Service 388 7,880 77,162 Public Debt Cash Issues (Table III-B) 57,584 436,744 3,788,598 Other Deposits: Air Transport Security Fees 166 231 1,801 FSA Tobacco Assessments 191 200 805 Medicare Premiums 90 1,634 14,787 Minerals Management Svc/Collections 691 1,731 9,695 Thrift Savings Plan Transfer 95 697 12,739 Total Other Deposits 1,234 5,690 66,493 Change in Balance of Uncollected Funds (closing balance $ 34) 165 173 125 Transfers from Depositaries 10,238 293,751 2,603,514 Total Federal Reserve Account 73,568 871,943 7,536,517 Tax and Loan Note Accounts: FTD's Received (Table IV) 9,947 156,942 1,235,936 Transfers from Federal Reserve Account (Table V) 33,885 175,865 1,346,217 Total Tax and Loan Note Accounts (Table V) 43,832 332,807 2,582,154 Total Deposits (excluding transfers) 73,277 735,134 6,168,939 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday June 30, 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 22 322 21,278 Defense Vendor Payments (EFT) 996 30,964 259,547 Education Department programs 267 6,003 69,248 Energy Department programs 152 2,143 21,108 Federal Employees Insurance Payments 319 4,669 42,589 Fed. Highway Administration programs 135 3,587 25,336 Federal Salaries (EFT) 1,253 14,113 120,153 Food and Nutrition Service (misc) 194 4,825 32,299 Food Stamps 54 321 12,621 GSA programs 42 1,467 12,455 Health and Human Services Grants (misc) 781 7,059 60,561 Housing and Urban Development programs 193 4,716 41,468 Interest on Treasury Securities 3,749 9,993 129,608 Justice Department programs 49 940 9,021 Labor Dept. prgms (excl. unemployment) 80 1,111 9,862 Medicaid 570 15,710 149,547 Medicare 1,124 24,638 329,926 NASA programs 6 1,475 11,451 Postal Service Money Orders and Other 487 4,101 36,969 Public Debt Cash Redemp. (Table III-B) 27,053 436,915 3,607,448 Social Security Benefits (EFT) 16 41,519 365,970 Temporary Assistance for Needy Families (HHS) 268 1,639 13,950 Unemployment Insurance Benefits 170 3,114 28,836 Veterans Affairs programs 145 2,211 19,772 Other Withdrawals: Customs and Borders Protection (DHS) 181 181 355 Deposit Insurance Fund (net) -451 77 1,427 Emergency Prep & Response (DHS) 50 963 7,231 Federal Aviation Administration 52 629 5,738 Federal Financing Bank (net) -334 -241 -458 Federal Transit Admin. 56 820 3,459 Interior 54 1,165 9,263 IRS Tax Refunds Business (EFT) 70 2,800 29,472 Pension Benefit Guaranty Corp. 335 335 3,132 Tennessee Valley Authority (net) -151 -55 -264 Transportation Security Admin. (DHS) 11 192 1,726 Unclassified 2,183 51,338 295,089 Total, Other Withdrawals 2,054 72,165 759,838 Transfers to Depositaries 33,885 175,865 1,346,217 Total Federal Reserve Account 74,062 871,584 7,537,077 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,238 293,751 2,603,514 Total Withdrawals (excluding transfers) 40,177 695,720 6,190,860 Net Change in Operating Cash Balance 33,100 39,414 -21,921 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday June 30, 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 -1 290,019 2,771,532 Cash Management Series 0 22,000 324,003 Notes 55,364 119,290 592,785 Bonds 0 0 39,066 Inflation-Protected Securities Increment 300 3,306 15,072 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 211 2,958 Interest Increment 0 568 5,305 Government Account Series 677,152 3,676,495 28,182,826 Domestic Series 0 0 599 Foreign Series 0 0 2,900 State and Local Series 2,300 7,166 59,780 Other 4 441 16,076 Total Issues 735,132 4,119,495 32,012,903 (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 26,499 52,432 490,876 Bonds 0 0 10,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 1,002 10,431 Government Account Series 579,879 3,579,241 27,921,520 Domestic Series 0 0 599 Foreign Series 0 200 2,800 State and Local Series 504 11,979 81,090 Other 4 493 17,944 Total Redemptions 606,932 4,016,155 31,528,551 Net Change in Public Debt Outstanding 128,201 103,339 484,353 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday June 30, 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) 735,132 4,119,495 32,012,903 Premium on New Issues 0 0 815 Discount on New Issues: Bills (-) 0 1,949 20,544 Bonds and Notes (-) 96 434 2,092 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 677,152 3,676,495 28,182,405 Interest Increment on United States Savings Securities (-) 0 568 5,305 Inflation-Protected Securities Increment 300 3,306 14,774 Total Public Debt Cash Issues Deposited in Federal Reserve Account 57,584 436,744 3,788,598 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 606,932 4,016,155 31,528,551 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 (-) 579,879 3,579,241 27,921,103 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 27,053 436,915 3,607,448 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday June 30, 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 $ 5,285,064 $ 5,254,179 $ 5,278,567 $ 5,049,306 Intragovernmental Holdings 4,206,942 4,109,626 4,110,100 3,958,348 Total Public Debt Outstanding 9,492,006 9,363,806 9,388,667 9,007,653 Less: Debt Not Subject to Limit: Other Debt 496 496 497 502 Unamortized Discount 49,660 50,432 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 9,427,901 9,298,929 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 Monday June 30, 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 $ 12,921 $ 145,500 $ 1,370,208 Individual Income Taxes 18 2,205 18,267 Railroad Retirement Taxes 40 426 3,656 Excise Taxes 47 5,514 47,156 Corporation Income Taxes 131 61,589 273,460 Federal Unemployment Taxes 5 77 6,455 Estate and Gift Taxes & Misc IRS Rcpts. 1 59 571 Change in Balance of Unclassified Taxes 35 74 -42 Total 13,199 215,445 1,719,731 These Receipts were deposited in: Federal Reserve Account: Directly 44 3,142 29,167 Collector Depositaries 2,676 49,684 404,417 Tax and Loan Accounts 9,947 156,942 1,235,936 Inter-agency Transfers 532 5,677 50,211 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 36 $ 283 $ 721 $ 14,744 Deposits: Taxes Received (Table IV) 6 76 9,865 9,947 Transfers to Depositaries 14 173 10,552 10,738 Special Direct Investment 0 0 0 5,046 Term Investment 0 0 0 18,100 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 36 9,099 9,138 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,100 Closing Balance Today 54 495 12,039 48,338 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday June 30, 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/$ 37 2/$ 32,743 2/$ 336,279 Business 100 5,199 54,647 3/Includes $29 million for payments issued in accordance with provisions of t he Economic Stimulus Act of 2008 (PL 110-185). 2/Does not include $472 mil offset by FMS for MTD & $4,513 mil for the fiscal YTD for TOP against Tax Refunds issued. Also includes $27,864 mil MTD & $7 8,754 mil YTD Stimulus Payments issued with provisions of the Economic 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.