1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday October 21, 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 $ 32,602 $ 39,452 $ 32,988 $ 32,988 Supplementary Financing Prog 558,987 558,987 299,491 299,491 Tax and Loan Note Accounts (Table V) 70,920 67,934 39,129 39,129 Total Operating Balance 662,509 666,373 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday October 21, 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) 15 291 291 Air Transport Security Fees 0 11 11 Commodity Credit Corporation programs 17 354 354 Customs and Certain Excise Taxes 134 1,177 1,177 Deposits by States: Supplemental Security Income 0 7 7 Unemployment 58 378 378 Education Department programs 115 772 772 Energy Department programs 28 266 266 Estate and Gift Taxes 41 1,281 1,281 Federal Reserve Earnings 0 2,583 2,583 Foreign Deposits, Military Sales 6 1,086 1,086 FTD's Received (Table IV) 609 28,243 28,243 Housing and Urban Development programs 1 199 199 Individual Income and Employment Taxes, Not Withheld 3,417 9,891 9,891 Interest recd from T&L Depositaries 0 20 20 Justice Department programs 7 480 480 Postal Service 460 5,953 5,953 Public Debt Cash Issues (Table III-B) 201 741,625 741,625 Other Deposits: Medicare Premiums 83 622 622 Total Other Deposits 83 6,146 6,146 Change in Balance of Uncollected Funds (closing balance $ 31) -18 33 33 Transfers from Depositaries 1,311 219,743 219,743 Total Federal Reserve Account 6,486 1,020,539 1,020,539 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,169 77,606 77,606 Transfers from Federal Reserve Account (Table V) 3,128 173,928 173,928 Total Tax and Loan Note Accounts (Table V) 4,297 251,534 251,534 Total Deposits (excluding transfers) 6,344 878,401 878,401 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday October 21, 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 254 6,285 6,285 Defense Vendor Payments (EFT) 2,045 18,251 18,251 Education Department programs 1,037 8,186 8,186 Energy Department programs 130 1,728 1,728 Federal Employees Insurance Payments 301 3,014 3,014 Fed. Highway Administration programs 171 2,760 2,760 Federal Salaries (EFT) 468 11,164 11,164 Food and Nutrition Service (misc) 179 4,174 4,174 Food Stamps 9 249 249 GSA programs 39 986 986 Health and Human Services Grants (misc) 342 4,140 4,140 Housing and Urban Development programs 120 3,943 3,943 Interest on Treasury Securities 2 3,326 3,326 Justice Department programs 39 731 731 Labor Dept. prgms (excl. unemployment) 47 592 592 Medicaid 567 12,843 12,843 Medicare 1,343 29,995 29,995 NASA programs 42 677 677 Postal Service Money Orders and Other 181 2,744 2,744 Public Debt Cash Redemp. (Table III-B) 206 365,745 365,745 Social Security Benefits (EFT) 39 35,000 35,000 Temporary Assistance for Needy Families (HHS) 176 1,183 1,183 Transportation Security Admin. (DHS) 5 99 99 Unemployment Insurance Benefits 310 3,285 3,285 Veterans Affairs programs 108 1,764 1,764 Other Withdrawals: African Development Fund 51 51 51 Emergency Prep & Response (DHS) 59 794 794 Federal Financing Bank 306 619 619 Interior 52 655 655 Interntl Security Assistance (DSCA) 170 170 170 IRS Tax Refunds Business (EFT) 139 4,313 4,313 Tennessee Valley Authority (net) -341 -2,089 -2,089 Thrift Savings Plan Transfer 67 873 873 USDA: Forest Service 85 175 175 Unclassified 1,463 35,057 35,057 Total, Other Withdrawals 2,051 64,636 64,636 Transfers to Depositaries 3,128 173,928 173,928 Total Federal Reserve Account 13,336 761,429 761,429 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,311 219,743 219,743 Total Withdrawals (excluding transfers) 10,209 587,501 587,501 Net Change in Operating Cash Balance -3,865 290,900 290,900 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday October 21, 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 -1 247,550 247,550 Cash Management Series 0 445,000 445,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -69 -1,138 -1,138 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 149 149 Interest Increment 0 686 686 Government Account Series 179,425 2,525,420 2,525,420 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 34 699 699 Other 162 2,603 2,603 Total Issues 179,558 3,267,961 3,267,961 (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 42 632 632 Government Account Series 176,850 2,459,549 2,459,549 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 0 5,826 5,826 Other 164 2,658 2,658 Total Redemptions 177,056 2,825,294 2,825,294 Net Change in Public Debt Outstanding 2,501 442,666 442,666 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday October 21, 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) 179,558 3,267,961 3,267,961 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 0 1,786 1,786 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 179,425 2,525,420 2,525,420 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 686 686 Inflation-Protected Securities Increment -69 -1,249 -1,249 Total Public Debt Cash Issues Deposited in Federal Reserve Account 201 741,625 741,625 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 177,056 2,825,294 2,825,294 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 (-) 176,850 2,459,549 2,459,549 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 206 365,745 365,745 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday October 21, 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/ 2/$ 6,189,702 $ 6,189,647 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,277,689 4,275,242 4,216,033 4,216,033 Total Public Debt Outstanding 10,467,391 10,464,890 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 51,302 51,379 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 10,401,617 10,399,039 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 par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $3,09 2 million. 2/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 Tuesday October 21, 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 $ 2,813 $ 99,963 $ 99,963 Individual Income Taxes 15 409 409 Railroad Retirement Taxes 5 271 271 Excise Taxes 19 999 999 Corporation Income Taxes 49 7,181 7,181 Federal Unemployment Taxes 8 81 81 Estate and Gift Taxes & Misc IRS Rcpts. 1 34 34 Change in Balance of Unclassified Taxes -482 872 872 Total 2,428 109,809 109,809 These Receipts were deposited in: Federal Reserve Account: Directly 58 1,073 1,073 Collector Depositaries 551 27,170 27,170 Tax and Loan Accounts 1,169 77,606 77,606 Inter-agency Transfers 650 3,961 3,961 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 64 $ 465 $ 7,304 $ 67,934 Deposits: Taxes Received (Table IV) 4 31 1,135 1,169 Transfers to Depositaries 0 0 92 92 Special Direct Investment 0 0 0 36 Term Investment 0 0 0 0 Repo Investment 0 0 0 3,000 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 19 1,291 1,311 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 67 476 7,240 70,920 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday October 21, 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 $ 15 $ 3,359 $ 3,359 Business 674 8,497 8,497 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.