1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday October 20, 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 $ 39,452 $ 8,064 $ 32,988 $ 32,988 Supplementary Financing Prog 558,987 499,109 299,491 299,491 Tax and Loan Note Accounts (Table V) 67,934 27,906 39,129 39,129 Total Operating Balance 666,373 535,079 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday October 20, 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) 12 277 277 Air Transport Security Fees 0 11 11 Commodity Credit Corporation programs 15 337 337 Customs and Certain Excise Taxes 80 1,042 1,042 Deposits by States: Supplemental Security Income 0 7 7 Unemployment 43 321 321 Education Department programs 25 657 657 Energy Department programs 24 238 238 Estate and Gift Taxes 55 1,240 1,240 Federal Reserve Earnings 0 2,583 2,583 Foreign Deposits, Military Sales 28 1,080 1,080 FTD's Received (Table IV) 1,973 27,634 27,634 Housing and Urban Development programs 14 198 198 Individual Income and Employment Taxes, Not Withheld 1,098 6,475 6,475 Interest recd from T&L Depositaries 0 20 20 Justice Department programs 6 473 473 Postal Service 414 5,492 5,492 Public Debt Cash Issues (Table III-B) 129,508 741,424 741,424 Other Deposits: Defense Finance & Accounting Service 58 442 442 Medicare Premiums 54 539 539 Minerals Management Svc/Collections 72 171 171 Thrift Savings Plan Transfer 147 3,159 3,159 Total Other Deposits 331 6,063 6,063 Change in Balance of Uncollected Funds (closing balance $ 13) 8 51 51 Transfers from Depositaries 7,673 218,431 218,431 Total Federal Reserve Account 141,305 1,014,052 1,014,052 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,674 76,436 76,436 Transfers from Federal Reserve Account (Table V) 40,027 170,800 170,800 Total Tax and Loan Note Accounts (Table V) 47,701 247,237 247,237 Total Deposits (excluding transfers) 141,306 872,057 872,057 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday October 20, 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 6,031 6,031 Defense Vendor Payments (EFT) 1,119 16,207 16,207 Education Department programs 573 7,149 7,149 Energy Department programs 104 1,599 1,599 Federal Employees Insurance Payments 282 2,713 2,713 Fed. Highway Administration programs 101 2,589 2,589 Federal Salaries (EFT) 1,268 10,696 10,696 Food and Nutrition Service (misc) 402 3,995 3,995 Food Stamps 20 240 240 GSA programs 42 947 947 Health and Human Services Grants (misc) 180 3,798 3,798 Housing and Urban Development programs 113 3,823 3,823 Interest on Treasury Securities 2 3,325 3,325 Justice Department programs 109 692 692 Labor Dept. prgms (excl. unemployment) 44 545 545 Medicaid 564 12,276 12,276 Medicare 1,325 28,653 28,653 NASA programs 39 635 635 Postal Service Money Orders and Other 287 2,562 2,562 Public Debt Cash Redemp. (Table III-B) 278 365,539 365,539 Social Security Benefits (EFT) 47 34,961 34,961 Temporary Assistance for Needy Families (HHS) 45 1,008 1,008 Transportation Security Admin. (DHS) 15 94 94 Unemployment Insurance Benefits 215 2,974 2,974 Veterans Affairs programs 144 1,656 1,656 Other Withdrawals: Centers for Disease Control 53 139 139 Interior 55 604 604 IRS Tax Refunds Business (EFT) 260 4,174 4,174 Tennessee Valley Authority (net) -94 -1,748 -1,748 Unclassified 1,969 33,594 33,594 Total, Other Withdrawals 2,244 62,585 62,585 Transfers to Depositaries 40,027 170,800 170,800 Total Federal Reserve Account 50,039 748,093 748,093 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,673 218,431 218,431 Total Withdrawals (excluding transfers) 10,012 577,292 577,292 Net Change in Operating Cash Balance 131,294 294,765 294,765 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday October 20, 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 -2 247,551 247,551 Cash Management Series 130,000 445,000 445,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -205 -1,069 -1,069 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 144 144 Interest Increment 0 686 686 Government Account Series 177,633 2,345,995 2,345,995 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 26 664 664 Other 170 2,441 2,441 Total Issues 307,633 3,088,403 3,088,403 (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 48 590 590 Government Account Series 176,672 2,282,699 2,282,699 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 53 5,826 5,826 Other 177 2,494 2,494 Total Redemptions 176,950 2,648,238 2,648,238 Net Change in Public Debt Outstanding 130,683 440,165 440,165 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday October 20, 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) 307,633 3,088,403 3,088,403 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 697 1,786 1,786 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 177,633 2,345,995 2,345,995 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 686 686 Inflation-Protected Securities Increment -205 -1,180 -1,180 Total Public Debt Cash Issues Deposited in Federal Reserve Account 129,508 741,424 741,424 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 176,950 2,648,238 2,648,238 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 (-) 176,672 2,282,699 2,282,699 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 278 365,539 365,539 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday October 20, 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/$ 6,189,647 $ 6,059,726 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,275,242 4,274,480 4,216,033 4,216,033 Total Public Debt Outstanding 10,464,890 10,334,206 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 51,379 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 10,399,039 10,268,833 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 $558,987 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 Monday October 20, 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 $ 9,772 $ 97,151 $ 97,151 Individual Income Taxes 38 394 394 Railroad Retirement Taxes 31 265 265 Excise Taxes 11 979 979 Corporation Income Taxes 64 7,132 7,132 Federal Unemployment Taxes 7 73 73 Estate and Gift Taxes & Misc IRS Rcpts. 6 33 33 Change in Balance of Unclassified Taxes -80 1,354 1,354 Total 9,849 107,381 107,381 These Receipts were deposited in: Federal Reserve Account: Directly 53 1,015 1,015 Collector Depositaries 1,919 26,619 26,619 Tax and Loan Accounts 7,674 76,436 76,436 Inter-agency Transfers 202 3,311 3,311 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 61 $ 449 $ 7,297 $ 27,906 Deposits: Taxes Received (Table IV) 4 41 7,629 7,674 Transfers to Depositaries 0 0 26 26 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 40,001 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 25 7,647 7,673 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 64 465 7,304 67,934 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday October 20, 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/$ 17 $ 3,344 $ 3,344 Business 312 7,824 7,824 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.