1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 10, 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 $ 4,648 $ 4,804 $ 32,988 $ 32,988 Supplementary Financing Prog 499,129 469,193 299,491 299,491 Tax and Loan Note Accounts (Table V) 8,172 12,403 39,129 39,129 Total Operating Balance 511,950 486,400 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 10, 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) 16 166 166 Air Transport Security Fees 0 8 8 Commodity Credit Corporation programs 22 240 240 Customs and Certain Excise Taxes 71 613 613 Deposits by States: Supplemental Security Income 0 5 5 Unemployment 38 142 142 Education Department programs 46 465 465 Energy Department programs 18 152 152 Estate and Gift Taxes 67 853 853 Federal Reserve Earnings 0 1,540 1,540 Foreign Deposits, Military Sales 7 940 940 FTD's Received (Table IV) 1,444 15,363 15,363 Housing and Urban Development programs 19 172 172 Individual Income and Employment Taxes, Not Withheld 300 3,108 3,108 Interest recd from T&L Depositaries 1 17 17 Justice Department programs 5 357 357 Postal Service 347 3,335 3,335 Public Debt Cash Issues (Table III-B) 30,115 437,210 437,210 Other Deposits: Federal Housing Admin: Note Sales 54 375 375 Medicare Premiums 102 322 322 Thrift Savings Plan Transfer 384 2,307 2,307 Total Other Deposits 540 4,345 4,345 Change in Balance of Uncollected Funds (closing balance $ 15) 0 49 49 Transfers from Depositaries 15,344 159,093 159,093 Total Federal Reserve Account 48,398 628,172 628,172 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,742 38,306 38,306 Transfers from Federal Reserve Account (Table V) 7,372 89,830 89,830 Total Tax and Loan Note Accounts (Table V) 11,113 128,136 128,136 Total Deposits (excluding transfers) 36,795 507,385 507,385 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 10, 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 891 3,711 3,711 Defense Vendor Payments (EFT) 1,530 8,156 8,156 Education Department programs 429 3,421 3,421 Energy Department programs 142 881 881 Federal Employees Insurance Payments 166 1,492 1,492 Fed. Highway Administration programs 277 1,620 1,620 Federal Salaries (EFT) 116 6,143 6,143 Food and Nutrition Service (misc) 278 2,064 2,064 Food Stamps 10 121 121 GSA programs 20 677 677 Health and Human Services Grants (misc) 329 2,376 2,376 Housing and Urban Development programs 108 3,133 3,133 Interest on Treasury Securities 4 674 674 Justice Department programs 48 362 362 Labor Dept. prgms (excl. unemployment) 48 327 327 Medicaid 927 7,781 7,781 Medicare 1,159 21,195 21,195 NASA programs 55 344 344 Postal Service Money Orders and Other 157 1,533 1,533 Public Debt Cash Redemp. (Table III-B) 542 225,035 225,035 Social Security Benefits (EFT) 44 28,303 28,303 Temporary Assistance for Needy Families (HHS) 76 557 557 Transportation Security Admin. (DHS) 10 47 47 Unemployment Insurance Benefits 197 1,725 1,725 Veterans Affairs programs 155 1,006 1,006 Other Withdrawals: Agency for Internat'l Development 60 224 224 Emergency Prep & Response (DHS) 68 420 420 Federal Aviation Administration 61 193 193 IRS Tax Refunds Business (EFT) 1,491 3,205 3,205 IRS Tax Refunds Individual (EFT) 298 541 541 Tennessee Valley Authority (net) -99 -813 -813 Unclassified 1,651 20,810 20,810 Total, Other Withdrawals 3,530 44,360 44,360 Transfers to Depositaries 7,372 89,830 89,830 Total Federal Reserve Account 18,618 456,874 456,874 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 15,344 159,093 159,093 Total Withdrawals (excluding transfers) 11,246 367,044 367,044 Net Change in Operating Cash Balance 25,549 140,341 140,341 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 10, 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 -10 166,128 166,128 Cash Management Series 30,000 270,000 270,000 Notes 0 -3 -3 Bonds 0 0 0 Inflation-Protected Securities Increment -68 -516 -516 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 96 96 Interest Increment 0 685 685 Government Account Series 176,087 1,456,174 1,456,174 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 8 415 415 Other 174 1,441 1,441 Total Issues 206,199 1,894,420 1,894,420 (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 0 218,070 218,070 Notes 0 0 0 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 40 358 358 Government Account Series 177,659 1,399,729 1,399,729 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 280 5,116 5,116 Other 221 1,491 1,491 Total Redemptions 178,200 1,624,764 1,624,764 Net Change in Public Debt Outstanding 27,999 269,657 269,657 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 10, 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) 206,199 1,894,420 1,894,420 Premium on New Issues 0 0 0 Discount on New Issues: Bills (-) 65 867 867 Bonds and Notes (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,087 1,456,174 1,456,174 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 685 685 Inflation-Protected Securities Increment -68 -516 -516 Total Public Debt Cash Issues Deposited in Federal Reserve Account 30,115 437,210 437,210 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 178,200 1,624,764 1,624,764 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 (-) 177,659 1,399,729 1,399,729 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 542 225,035 225,035 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 10, 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/$ 6,024,947 $ 5,994,930 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,269,434 4,271,453 4,216,033 4,216,033 Total Public Debt Outstanding 10,294,381 10,266,383 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 51,200 51,210 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 10,228,709 10,200,700 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 $499,129 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 Friday October 10, 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 $ 4,990 $ 54,448 $ 54,448 Individual Income Taxes 14 91 91 Railroad Retirement Taxes 8 111 111 Excise Taxes 159 318 318 Corporation Income Taxes 59 791 791 Federal Unemployment Taxes 5 32 32 Estate and Gift Taxes & Misc IRS Rcpts. 1 20 20 Change in Balance of Unclassified Taxes -13 264 264 Total 5,223 56,075 56,075 These Receipts were deposited in: Federal Reserve Account: Directly 54 466 466 Collector Depositaries 1,390 14,896 14,896 Tax and Loan Accounts 3,742 38,306 38,306 Inter-agency Transfers 38 2,406 2,406 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 12,403 Deposits: Taxes Received (Table IV) 4 49 3,689 3,742 Transfers to Depositaries 12 145 4,134 4,291 Special Direct Investment 0 0 0 80 Term Investment 0 0 0 3,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 3 2,938 2,941 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 12,403 Repo Investment 0 0 0 0 Closing Balance Today 16 190 4,885 8,172 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 10, 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/$ 991 $ 2,031 $ 2,031 Business 1,625 5,436 5,436 2/Includes $134 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.