1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday October 15, 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 $ 23,983 $ 3,987 $ 32,988 $ 32,988 Supplementary Financing Prog 499,129 499,129 299,491 299,491 Tax and Loan Note Accounts (Table V) 13,007 10,740 39,129 39,129 Total Operating Balance 536,120 513,856 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday October 15, 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) 51 245 245 Air Transport Security Fees 0 10 10 Commodity Credit Corporation programs 14 280 280 Customs and Certain Excise Taxes 102 827 827 Deposits by States: Supplemental Security Income 0 6 6 Unemployment 32 202 202 Education Department programs 163 586 586 Energy Department programs 13 172 172 Estate and Gift Taxes 44 987 987 Federal Reserve Earnings 1,044 2,583 2,583 Foreign Deposits, Military Sales 6 967 967 FTD's Received (Table IV) 3,327 20,995 20,995 Housing and Urban Development programs 7 180 180 Individual Income and Employment Taxes, Not Withheld 609 4,045 4,045 Interest recd from T&L Depositaries 0 18 18 Justice Department programs 41 409 409 Postal Service 542 4,328 4,328 Public Debt Cash Issues (Table III-B) 47,749 485,175 485,175 Other Deposits: Export-Import Bank 115 128 128 Pension Benefit Guaranty Corp. 60 120 120 Thrift Savings Plan Transfer 266 2,575 2,575 Total Other Deposits 441 4,840 4,840 Change in Balance of Uncollected Funds (closing balance $ 29) -9 35 35 Transfers from Depositaries 6,693 178,174 178,174 Total Federal Reserve Account 60,869 705,064 705,064 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,021 55,206 55,206 Transfers from Federal Reserve Account (Table V) 939 96,847 96,847 Total Tax and Loan Note Accounts (Table V) 8,960 152,052 152,052 Total Deposits (excluding transfers) 62,198 582,095 582,095 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday October 15, 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 450 4,890 4,890 Defense Vendor Payments (EFT) 2,205 11,907 11,907 Education Department programs 911 4,791 4,791 Energy Department programs 174 1,187 1,187 Federal Employees Insurance Payments 174 2,004 2,004 Fed. Highway Administration programs 265 2,161 2,161 Federal Salaries (EFT) 281 6,569 6,569 Food and Nutrition Service (misc) 230 3,122 3,122 Food Stamps 49 196 196 GSA programs 54 770 770 Health and Human Services Grants (misc) 507 3,027 3,027 Housing and Urban Development programs 141 3,434 3,434 Interest on Treasury Securities 2,639 3,315 3,315 Justice Department programs 41 485 485 Labor Dept. prgms (excl. unemployment) 66 414 414 Medicaid 875 9,648 9,648 Medicare 1,944 24,383 24,383 NASA programs 102 480 480 Postal Service Money Orders and Other 172 1,973 1,973 Public Debt Cash Redemp. (Table III-B) 16,674 241,973 241,973 Social Security Benefits (EFT) 6,492 34,834 34,834 Temporary Assistance for Needy Families (HHS) 78 851 851 Transportation Security Admin. (DHS) 13 74 74 Unemployment Insurance Benefits 337 2,352 2,352 Veterans Affairs programs 62 1,289 1,289 Other Withdrawals: Agency for Internat'l Development 140 390 390 Emergency Prep & Response (DHS) 110 590 590 Federal Transit Admin. 61 461 461 Military Active Duty Pay (EFT) 2,584 6,340 6,340 Pmt. to Resolution Funding Corp (Treas) 482 482 482 Unclassified 1,618 24,083 24,083 Total, Other Withdrawals 4,994 51,457 51,457 Transfers to Depositaries 939 96,847 96,847 Total Federal Reserve Account 40,873 514,431 514,431 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,693 178,174 178,174 Total Withdrawals (excluding transfers) 39,934 417,584 417,584 Net Change in Operating Cash Balance 22,264 164,511 164,511 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday October 15, 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 0 166,125 166,125 Cash Management Series 0 270,000 270,000 Notes 46,970 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment 43 -743 -743 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 113 113 Interest Increment 0 685 685 Government Account Series 179,464 1,807,746 1,807,746 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 194 630 630 Other 158 1,764 1,764 Total Issues 226,837 2,293,311 2,293,311 (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 15,996 15,996 15,996 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 45 459 459 Government Account Series 178,513 1,750,007 1,750,007 Hope Bonds 0 0 0 Domestic Series 25 25 25 Foreign Series 0 0 0 State and Local Series 448 5,601 5,601 Other 160 1,823 1,823 Total Redemptions 195,187 1,991,980 1,991,980 Net Change in Public Debt Outstanding 31,650 301,330 301,330 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday October 15, 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) 226,837 2,293,311 2,293,311 Premium on New Issues 1,405 1,405 1,405 Discount on New Issues: Bills (-) 0 867 867 Bonds and Notes (-) 1,097 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 179,464 1,807,746 1,807,746 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 685 685 Inflation-Protected Securities Increment -68 -854 -854 Total Public Debt Cash Issues Deposited in Federal Reserve Account 47,749 485,175 485,175 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 195,187 1,991,980 1,991,980 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 (-) 178,513 1,750,007 1,750,007 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 16,674 241,973 241,973 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday October 15, 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/$ 6,055,696 $ 6,024,524 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,270,359 4,269,881 4,216,033 4,216,033 Total Public Debt Outstanding 10,326,055 10,294,405 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 50,826 50,901 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 10,260,756 10,229,031 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 Wednesday October 15, 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 $ 5,694 $ 70,175 $ 70,175 Individual Income Taxes 74 187 187 Railroad Retirement Taxes 4 194 194 Excise Taxes 24 943 943 Corporation Income Taxes 5,477 6,673 6,673 Federal Unemployment Taxes 14 54 54 Estate and Gift Taxes & Misc IRS Rcpts. 1 22 22 Change in Balance of Unclassified Taxes 271 643 643 Total 11,559 78,891 78,891 These Receipts were deposited in: Federal Reserve Account: Directly 59 737 737 Collector Depositaries 3,268 20,258 20,258 Tax and Loan Accounts 8,021 55,206 55,206 Inter-agency Transfers 211 2,690 2,690 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 24 $ 247 $ 4,475 $ 10,740 Deposits: Taxes Received (Table IV) 13 104 7,905 8,021 Transfers to Depositaries 1 15 842 858 Special Direct Investment 0 0 0 80 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 30 6,661 6,693 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 36 336 6,561 13,007 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday October 15, 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/$ 11 $ 2,054 $ 2,054 Business 378 6,437 6,437 2/Includes $1 million for payments issued in accordance with provisions of th e 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.