1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday October 16, 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 $ 10,293 $ 23,983 $ 32,988 $ 32,988 Supplementary Financing Prog 499,109 499,129 299,491 299,491 Tax and Loan Note Accounts (Table V) 35,819 13,007 39,129 39,129 Total Operating Balance 545,222 536,120 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday October 16, 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) 13 258 258 Air Transport Security Fees 0 10 10 Commodity Credit Corporation programs 22 302 302 Customs and Certain Excise Taxes 72 899 899 Deposits by States: Supplemental Security Income 0 6 6 Unemployment 36 239 239 Education Department programs 31 617 617 Energy Department programs 8 180 180 Estate and Gift Taxes 100 1,087 1,087 Federal Reserve Earnings 0 2,583 2,583 Foreign Deposits, Military Sales 13 979 979 FTD's Received (Table IV) 3,259 24,254 24,254 Housing and Urban Development programs 3 183 183 Individual Income and Employment Taxes, Not Withheld 752 4,797 4,797 Interest recd from T&L Depositaries 1 18 18 Justice Department programs 8 417 417 Postal Service 390 4,717 4,717 Public Debt Cash Issues (Table III-B) 126,554 611,729 611,729 Other Deposits: Medicare Premiums 58 429 429 Prepayment of Treasury Securities 340 1,367 1,367 Thrift Savings Plan Transfer 388 2,962 2,962 Total Other Deposits 786 5,626 5,626 Change in Balance of Uncollected Funds (closing balance $ 12) 17 52 52 Transfers from Depositaries 9,072 187,246 187,246 Total Federal Reserve Account 141,135 846,199 846,199 Tax and Loan Note Accounts: FTD's Received (Table IV) 9,156 64,362 64,362 Transfers from Federal Reserve Account (Table V) 22,728 119,575 119,575 Total Tax and Loan Note Accounts (Table V) 31,884 183,937 183,937 Total Deposits (excluding transfers) 141,219 723,315 723,315 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday October 16, 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 353 5,243 5,243 Defense Vendor Payments (EFT) 1,482 13,389 13,389 Education Department programs 322 5,113 5,113 Energy Department programs 156 1,343 1,343 Federal Employees Insurance Payments 215 2,219 2,219 Fed. Highway Administration programs 119 2,280 2,280 Federal Salaries (EFT) 157 6,726 6,726 Food and Nutrition Service (misc) 237 3,358 3,358 Food Stamps 10 205 205 GSA programs 127 897 897 Health and Human Services Grants (misc) 362 3,389 3,389 Housing and Urban Development programs 154 3,588 3,588 Interest on Treasury Securities 2 3,317 3,317 Justice Department programs 62 547 547 Labor Dept. prgms (excl. unemployment) 46 460 460 Medicaid 1,061 10,709 10,709 Medicare 1,564 25,947 25,947 NASA programs 66 546 546 Postal Service Money Orders and Other 130 2,103 2,103 Public Debt Cash Redemp. (Table III-B) 122,980 364,953 364,953 Social Security Benefits (EFT) 40 34,873 34,873 Temporary Assistance for Needy Families (HHS) 24 874 874 Transportation Security Admin. (DHS) 1 75 75 Unemployment Insurance Benefits 225 2,577 2,577 Veterans Affairs programs 91 1,381 1,381 Other Withdrawals: Agency for Internat'l Development 63 452 452 IRS Tax Refunds Business (EFT) 619 3,876 3,876 Prepayment of Treasury Securities 383 1,387 1,387 Tennessee Valley Authority (net) -496 -1,539 -1,539 Unclassified 1,562 25,645 25,645 Total, Other Withdrawals 2,130 53,587 53,587 Transfers to Depositaries 22,728 119,575 119,575 Total Federal Reserve Account 154,845 669,276 669,276 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,072 187,246 187,246 Total Withdrawals (excluding transfers) 132,117 549,701 549,701 Net Change in Operating Cash Balance 9,102 173,613 173,613 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday October 16, 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 81,429 247,554 247,554 Cash Management Series 45,000 315,000 315,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -52 -795 -795 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 120 120 Interest Increment 0 685 685 Government Account Series 179,892 1,987,637 1,987,637 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 8 638 638 Other 331 2,095 2,095 Total Issues 306,616 2,599,926 2,599,926 (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 122,538 340,608 340,608 Notes 0 15,996 15,996 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 44 503 503 Government Account Series 178,552 1,928,559 1,928,559 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 87 5,687 5,687 Other 312 2,134 2,134 Total Redemptions 301,532 2,293,512 2,293,512 Net Change in Public Debt Outstanding 5,084 306,414 306,414 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday October 16, 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) 306,616 2,599,926 2,599,926 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 223 1,089 1,089 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 179,892 1,987,637 1,987,637 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 685 685 Inflation-Protected Securities Increment -52 -906 -906 Total Public Debt Cash Issues Deposited in Federal Reserve Account 126,554 611,729 611,729 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 301,532 2,293,512 2,293,512 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 (-) 178,552 1,928,559 1,928,559 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 122,980 364,953 364,953 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday October 16, 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/$ 6,060,010 $ 6,055,696 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,271,129 4,270,359 4,216,033 4,216,033 Total Public Debt Outstanding 10,331,139 10,326,055 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 50,974 50,826 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 10,265,692 10,260,756 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 $499,109 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 Thursday October 16, 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 $ 11,416 $ 81,591 $ 81,591 Individual Income Taxes 66 253 253 Railroad Retirement Taxes 34 227 227 Excise Taxes 12 954 954 Corporation Income Taxes 203 6,876 6,876 Federal Unemployment Taxes 7 61 61 Estate and Gift Taxes & Misc IRS Rcpts. 2 24 24 Change in Balance of Unclassified Taxes 716 1,359 1,359 Total 12,455 91,346 91,346 These Receipts were deposited in: Federal Reserve Account: Directly 60 796 796 Collector Depositaries 3,199 23,458 23,458 Tax and Loan Accounts 9,156 64,362 64,362 Inter-agency Transfers 40 2,730 2,730 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 36 $ 336 $ 6,561 $ 13,007 Deposits: Taxes Received (Table IV) 8 58 9,089 9,156 Transfers to Depositaries 15 58 695 768 Special Direct Investment 0 0 0 346 Term Investment 0 0 0 21,614 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 27 9,043 9,072 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 57 426 7,302 35,819 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday October 16, 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 $ 10 $ 2,064 $ 2,064 Business 664 7,101 7,101 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.