1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 17, 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 $ 8,064 $ 10,293 $ 32,988 $ 32,988 Supplementary Financing Prog 499,109 499,109 299,491 299,491 Tax and Loan Note Accounts (Table V) 27,906 35,819 39,129 39,129 Total Operating Balance 535,079 545,222 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 17, 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) 7 265 265 Air Transport Security Fees 1 11 11 Commodity Credit Corporation programs 20 322 322 Customs and Certain Excise Taxes 64 962 962 Deposits by States: Supplemental Security Income 0 6 6 Unemployment 39 277 277 Education Department programs 15 632 632 Energy Department programs 35 214 214 Estate and Gift Taxes 98 1,185 1,185 Federal Reserve Earnings 0 2,583 2,583 Foreign Deposits, Military Sales 73 1,052 1,052 FTD's Received (Table IV) 1,408 25,662 25,662 Housing and Urban Development programs 1 184 184 Individual Income and Employment Taxes, Not Withheld 580 5,377 5,377 Interest recd from T&L Depositaries 2 20 20 Justice Department programs 51 468 468 Postal Service 361 5,078 5,078 Public Debt Cash Issues (Table III-B) 187 611,916 611,916 Other Deposits: Medicare Premiums 56 485 485 Thrift Savings Plan Transfer 51 3,013 3,013 Total Other Deposits 106 5,732 5,732 Change in Balance of Uncollected Funds (closing balance $ 21) -9 43 43 Transfers from Depositaries 23,512 210,758 210,758 Total Federal Reserve Account 26,548 872,747 872,747 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,400 68,762 68,762 Transfers from Federal Reserve Account (Table V) 11,199 130,774 130,774 Total Tax and Loan Note Accounts (Table V) 15,599 199,536 199,536 Total Deposits (excluding transfers) 7,436 730,751 730,751 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 17, 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 338 5,581 5,581 Defense Vendor Payments (EFT) 1,699 15,088 15,088 Education Department programs 1,464 6,577 6,577 Energy Department programs 152 1,495 1,495 Federal Employees Insurance Payments 212 2,431 2,431 Fed. Highway Administration programs 208 2,488 2,488 Federal Salaries (EFT) 2,702 9,428 9,428 Food and Nutrition Service (misc) 234 3,593 3,593 Food Stamps 14 220 220 GSA programs 8 905 905 Health and Human Services Grants (misc) 229 3,618 3,618 Housing and Urban Development programs 122 3,710 3,710 Interest on Treasury Securities 5 3,322 3,322 Justice Department programs 36 583 583 Labor Dept. prgms (excl. unemployment) 42 502 502 Medicaid 1,003 11,713 11,713 Medicare 1,381 27,327 27,327 NASA programs 50 596 596 Postal Service Money Orders and Other 172 2,275 2,275 Public Debt Cash Redemp. (Table III-B) 308 365,261 365,261 Social Security Benefits (EFT) 40 34,914 34,914 Temporary Assistance for Needy Families (HHS) 88 962 962 Transportation Security Admin. (DHS) 5 80 80 Unemployment Insurance Benefits 182 2,759 2,759 Veterans Affairs programs 131 1,512 1,512 Other Withdrawals: Agriculture Loan Payments (misc) 65 308 308 Emergency Prep & Response (DHS) 65 691 691 Interior 60 548 548 IRS Tax Refunds Individual (EFT) 1/ 482 1,031 1,031 Tennessee Valley Authority (net) -116 -1,655 -1,655 Thrift Savings Plan Transfer 218 790 790 Unclassified 5,980 31,625 31,625 Total, Other Withdrawals 6,754 60,342 60,342 Transfers to Depositaries 11,199 130,774 130,774 Total Federal Reserve Account 28,778 698,054 698,054 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 23,512 210,758 210,758 Total Withdrawals (excluding transfers) 17,579 567,280 567,280 Net Change in Operating Cash Balance -10,143 163,471 163,471 1/Includes $56 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 17, 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 -1 247,554 247,554 Cash Management Series 0 315,000 315,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -69 -864 -864 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 133 133 Interest Increment 0 686 686 Government Account Series 180,725 2,168,362 2,168,362 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 0 638 638 Other 176 2,271 2,271 Total Issues 180,843 2,780,770 2,780,770 (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 0 340,608 340,608 Notes 0 15,996 15,996 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 40 542 542 Government Account Series 177,468 2,106,027 2,106,027 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 86 5,773 5,773 Other 182 2,317 2,317 Total Redemptions 177,776 2,471,288 2,471,288 Net Change in Public Debt Outstanding 3,067 309,482 309,482 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 17, 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) 180,843 2,780,770 2,780,770 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 0 1,089 1,089 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 180,725 2,168,362 2,168,362 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 686 686 Inflation-Protected Securities Increment -69 -975 -975 Total Public Debt Cash Issues Deposited in Federal Reserve Account 187 611,916 611,916 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 177,776 2,471,288 2,471,288 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 (-) 177,468 2,106,027 2,106,027 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 308 365,261 365,261 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 17, 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 2/$ 6,059,726 $ 6,060,010 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,274,480 4,271,129 4,216,033 4,216,033 Total Public Debt Outstanding 10,334,206 10,331,139 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 50,901 50,974 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 10,268,833 10,265,692 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). 2/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 Friday October 17, 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 $ 5,787 $ 87,378 $ 87,378 Individual Income Taxes 103 357 357 Railroad Retirement Taxes 7 234 234 Excise Taxes 14 968 968 Corporation Income Taxes 192 7,068 7,068 Federal Unemployment Taxes 6 66 66 Estate and Gift Taxes & Misc IRS Rcpts. 3 27 27 Change in Balance of Unclassified Taxes 76 1,434 1,434 Total 6,187 97,533 97,533 These Receipts were deposited in: Federal Reserve Account: Directly 165 962 962 Collector Depositaries 1,242 24,700 24,700 Tax and Loan Accounts 4,400 68,762 68,762 Inter-agency Transfers 379 3,109 3,109 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 57 $ 426 $ 7,302 $ 35,819 Deposits: Taxes Received (Table IV) 5 47 4,348 4,400 Transfers to Depositaries 0 0 30 30 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 11,169 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 24 4,383 4,408 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 19,104 Repo Investment 0 0 0 0 Closing Balance Today 61 449 7,297 27,906 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 17, 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/$ 1,266 $ 3,330 $ 3,330 Business 413 7,511 7,511 3/Includes $145 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.