1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday October 07, 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 $ 6,095 $ 4,894 $ 32,988 $ 32,988 Supplementary Financing Prog 429,324 399,355 299,491 299,491 Tax and Loan Note Accounts (Table V) 17,742 25,351 39,129 39,129 Total Operating Balance 453,161 429,600 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday October 07, 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) 15 128 128 Air Transport Security Fees 0 8 8 Commodity Credit Corporation programs 13 185 185 Customs and Certain Excise Taxes 98 415 415 Deposits by States: Supplemental Security Income 0 4 4 Unemployment 18 70 70 Education Department programs 84 287 287 Energy Department programs 19 121 121 Estate and Gift Taxes 112 569 569 Federal Reserve Earnings 0 1,021 1,021 Foreign Deposits, Military Sales 73 916 916 FTD's Received (Table IV) 548 10,230 10,230 Housing and Urban Development programs 2 150 150 Individual Income and Employment Taxes, Not Withheld 444 2,007 2,007 Interest recd from T&L Depositaries 1 13 13 Justice Department programs 302 345 345 Postal Service 572 2,185 2,185 Public Debt Cash Issues (Table III-B) 30,192 252,531 252,531 Other Deposits: Federal Housing Admin: Note Sales 154 216 216 Prem-ESF Money Mkt Guar Facility 140 244 244 Thrift Savings Plan Transfer 410 964 964 Total Other Deposits 704 1,947 1,947 Change in Balance of Uncollected Funds (closing balance $ 43) -31 21 21 Transfers from Depositaries 12,459 117,008 117,008 Total Federal Reserve Account 45,626 390,161 390,161 Tax and Loan Note Accounts: FTD's Received (Table IV) 971 29,944 29,944 Transfers from Federal Reserve Account (Table V) 3,879 65,678 65,678 Total Tax and Loan Note Accounts (Table V) 4,850 95,622 95,622 Total Deposits (excluding transfers) 34,138 303,097 303,097 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday October 07, 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 367 718 718 Defense Vendor Payments (EFT) 1,374 4,782 4,782 Education Department programs 1,076 2,200 2,200 Energy Department programs 29 449 449 Federal Employees Insurance Payments 218 941 941 Fed. Highway Administration programs 182 964 964 Federal Salaries (EFT) 379 5,158 5,158 Food and Nutrition Service (misc) 268 1,243 1,243 Food Stamps 43 98 98 GSA programs 41 540 540 Health and Human Services Grants (misc) 209 1,432 1,432 Housing and Urban Development programs 124 2,807 2,807 Interest on Treasury Securities 2 667 667 Justice Department programs 46 242 242 Labor Dept. prgms (excl. unemployment) 33 187 187 Medicaid 1,088 4,822 4,822 Medicare 1,146 17,788 17,788 NASA programs 21 125 125 Postal Service Money Orders and Other 247 995 995 Public Debt Cash Redemp. (Table III-B) 261 119,483 119,483 Social Security Benefits (EFT) 52 21,626 21,626 Temporary Assistance for Needy Families (HHS) 68 429 429 Transportation Security Admin. (DHS) 3 20 20 Unemployment Insurance Benefits 322 1,141 1,141 Veterans Affairs programs 91 639 639 Other Withdrawals: Agency for Internat'l Development 53 124 124 Emergency Prep & Response (DHS) 54 270 270 Federal Aviation Administration 53 54 54 Federal Crop Ins. Corp. 56 284 284 Federal Transit Admin. 130 130 130 Tennessee Valley Authority (net) -246 -214 -214 USDA: Forest Service 88 89 89 Unclassified 2,699 10,837 10,837 Total, Other Withdrawals 2,886 32,050 32,050 Transfers to Depositaries 3,879 65,678 65,678 Total Federal Reserve Account 14,456 287,222 287,222 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,459 117,008 117,008 Total Withdrawals (excluding transfers) 10,578 221,544 221,544 Net Change in Operating Cash Balance 23,561 81,552 81,552 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday October 07, 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 81,812 81,812 Cash Management Series 29,999 169,999 169,999 Notes -1 -3 -3 Bonds 0 0 0 Inflation-Protected Securities Increment -68 -313 -313 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 77 77 Interest Increment 0 685 685 Government Account Series 176,059 931,422 931,422 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 82 283 283 Other 137 837 837 Total Issues 206,214 1,184,797 1,184,797 (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 0 113,781 113,781 Notes 0 0 0 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 233 233 Government Account Series 169,455 865,787 865,787 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 77 4,590 4,590 Other 138 878 878 Total Redemptions 169,716 985,270 985,270 Net Change in Public Debt Outstanding 36,498 199,527 199,527 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday October 07, 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) 206,214 1,184,797 1,184,797 Premium on New Issues 0 0 0 Discount on New Issues: Bills (-) 30 473 473 Bonds and Notes (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,059 931,422 931,422 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 685 685 Inflation-Protected Securities Increment -68 -313 -313 Total Public Debt Cash Issues Deposited in Federal Reserve Account 30,192 252,531 252,531 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 169,716 985,270 985,270 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 (-) 169,455 865,787 865,787 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 261 119,483 119,483 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday October 07, 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/$ 5,943,992 $ 5,913,434 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,280,260 4,274,320 4,216,033 4,216,033 Total Public Debt Outstanding 10,224,252 10,187,754 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 51,029 51,073 50,402 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 30 30 30 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,158,750 10,122,209 9,959,850 9,959,850 Statutory Debt Limit 11,315,000 11,315,000 10,615,000 10,615,000 Act of October 3, 2008, permanently increased the statutory debt limit to $11,315 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1/The current balance includes $429,324 million outstanding for securities is sued to raise cash for the temporary Supplementary Financing Program (www.t reas.gov/press/releases/hp1144.htm). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday October 07, 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 $ 1,952 $ 41,349 $ 41,349 Individual Income Taxes 11 58 58 Railroad Retirement Taxes 2 96 96 Excise Taxes 12 85 85 Corporation Income Taxes 47 413 413 Federal Unemployment Taxes 4 18 18 Estate and Gift Taxes & Misc IRS Rcpts. 2 15 15 Change in Balance of Unclassified Taxes -37 286 286 Total 1,994 42,320 42,320 These Receipts were deposited in: Federal Reserve Account: Directly 47 292 292 Collector Depositaries 501 9,939 9,939 Tax and Loan Accounts 971 29,944 29,944 Inter-agency Transfers 474 2,145 2,145 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 56 $ 437 $ 4,822 $ 25,351 Deposits: Taxes Received (Table IV) 3 39 930 971 Transfers to Depositaries 0 6 625 630 Special Direct Investment 0 0 0 9 Term Investment 0 0 0 3,239 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 22 642 665 Special Direct Investment 0 0 0 9 Term Investment 0 0 0 11,784 Repo Investment 0 0 0 0 Closing Balance Today 58 459 5,734 17,742 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday October 07, 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 $ 1,026 $ 1,026 Business 614 3,492 3,492 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.