1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday October 23, 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 $ 136,672 $ 55,625 $ 32,988 $ 32,988 Supplementary Financing Prog 558,864 558,987 299,491 299,491 Tax and Loan Note Accounts (Table V) 19,955 79,897 39,129 39,129 Total Operating Balance 715,491 694,509 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday October 23, 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) 14 321 321 Air Transport Security Fees 0 13 13 Commodity Credit Corporation programs 24 393 393 Customs and Certain Excise Taxes 1,228 2,536 2,536 Deposits by States: Supplemental Security Income 0 8 8 Unemployment 60 517 517 Education Department programs 26 956 956 Energy Department programs 29 318 318 Estate and Gift Taxes 4 1,351 1,351 Federal Reserve Earnings 0 2,920 2,920 Foreign Deposits, Military Sales 6 1,131 1,131 FTD's Received (Table IV) 631 32,793 32,793 Housing and Urban Development programs 6 205 205 Individual Income and Employment Taxes, Not Withheld 1,144 12,811 12,811 Interest recd from T&L Depositaries 4 24 24 Justice Department programs 3 491 491 Postal Service 333 6,644 6,644 Public Debt Cash Issues (Table III-B) 144,473 921,987 921,987 Other Deposits: International Monetary Fund 55 55 55 Medicare Premiums 448 1,232 1,232 Prepayment of Treasury Securities 272 1,673 1,673 Total Other Deposits 775 7,289 7,289 Change in Balance of Uncollected Funds (closing balance $ 8) 13 56 56 Transfers from Depositaries 65,880 292,448 292,448 Total Federal Reserve Account 214,654 1,285,211 1,285,211 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,379 84,727 84,727 Transfers from Federal Reserve Account (Table V) 2,559 188,548 188,548 Total Tax and Loan Note Accounts (Table V) 5,938 273,275 273,275 Total Deposits (excluding transfers) 152,153 1,077,490 1,077,490 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday October 23, 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 206 6,725 6,725 Defense Vendor Payments (EFT) 1,552 21,187 21,187 Education Department programs 356 9,234 9,234 Energy Department programs 204 2,051 2,051 Federal Employees Insurance Payments 545 3,763 3,763 Fed. Highway Administration programs 94 3,097 3,097 Federal Salaries (EFT) 765 12,126 12,126 Food and Nutrition Service (misc) 139 4,473 4,473 Food Stamps 30 284 284 GSA programs 67 1,106 1,106 Health and Human Services Grants (misc) 231 4,604 4,604 Housing and Urban Development programs 119 4,174 4,174 Interest on Treasury Securities 1 3,328 3,328 Justice Department programs 31 843 843 Labor Dept. prgms (excl. unemployment) 40 670 670 Medicaid 1,049 14,360 14,360 Medicare 1,221 32,643 32,643 NASA programs 63 778 778 Postal Service Money Orders and Other 122 3,014 3,014 Public Debt Cash Redemp. (Table III-B) 120,519 486,467 486,467 Social Security Benefits (EFT) 53 41,741 41,741 Temporary Assistance for Needy Families (HHS) 16 1,230 1,230 Transportation Security Admin. (DHS) 1 132 132 Unemployment Insurance Benefits 169 3,672 3,672 Veterans Affairs programs 87 1,925 1,925 Other Withdrawals: Agency for Internat'l Development 280 860 860 Emergency Prep & Response (DHS) 87 1,033 1,033 Federal Aviation Administration 51 514 514 IRS Tax Refunds Business (EFT) 308 4,709 4,709 Prepayment of Treasury Securities 304 1,697 1,697 State Department 696 1,017 1,017 Tennessee Valley Authority (net) -308 -2,463 -2,463 Thrift Savings Plan Transfer 105 1,047 1,047 Unclassified 1,967 38,395 38,395 Total, Other Withdrawals 3,490 69,984 69,984 Transfers to Depositaries 2,559 188,548 188,548 Total Federal Reserve Account 133,730 922,154 922,154 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 65,880 292,448 292,448 Total Withdrawals (excluding transfers) 131,171 733,607 733,607 Net Change in Operating Cash Balance 20,982 343,883 343,883 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday October 23, 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 104,949 352,499 352,499 Cash Management Series 40,000 520,000 520,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -69 -1,274 -1,274 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 161 161 Interest Increment 0 686 686 Government Account Series 182,835 2,884,252 2,884,252 Hope Bonds 1/ 461 461 461 Domestic Series 0 25 25 Foreign Series 0 1,000 1,000 State and Local Series 4 779 779 Other 348 3,112 3,112 Total Issues 328,535 3,808,668 3,808,668 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) 1/Hope Bond was issued on 10/23/08, pursuant to the Housing and Economic Reco very Act of 2008, Public Law 110-289 (2008).  These long-term nonmarketable securities have been issued to the FFB for the Hope Ownership Program. ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 119,955 460,563 460,563 Notes 0 15,996 15,996 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 35 707 707 Government Account Series 179,572 2,822,813 2,822,813 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 32 5,858 5,858 Other 498 3,318 3,318 Total Redemptions 300,091 3,309,280 3,309,280 Net Change in Public Debt Outstanding 28,444 499,388 499,388 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday October 23, 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) 328,535 3,808,668 3,808,668 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 834 2,975 2,975 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 182,835 2,884,252 2,884,252 Hope Bonds (-) 461 461 461 Interest Increment on United States Savings Securities (-) 0 686 686 Inflation-Protected Securities Increment -69 -1,385 -1,385 Total Public Debt Cash Issues Deposited in Federal Reserve Account 144,473 921,987 921,987 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 300,091 3,309,280 3,309,280 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 (-) 179,572 2,822,813 2,822,813 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 120,519 486,467 486,467 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday October 23, 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/$ 6,250,228 $ 6,225,625 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,273,885 4,270,045 4,216,033 4,216,033 Total Public Debt Outstanding 10,524,113 10,495,669 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 52,329 51,574 50,402 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 1/ 491 30 30 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,456,850 10,429,623 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 $558,864 million outstanding for securities is sued to raise cash for the temporary Supplementary Financing Program (www.t reas.gov/press/releases/hp1144.htm). 1/Hope Bond was issued on 10/23/08, pursuant to the Housing and Economic Reco very Act of 2008, Public Law 110-289 (2008).  These long-term nonmarketable securities have been issued to the FFB for the Hope Ownership Program. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday October 23, 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 $ 2,082 $ 110,092 $ 110,092 Individual Income Taxes 7 424 424 Railroad Retirement Taxes 3 277 277 Excise Taxes 110 1,126 1,126 Corporation Income Taxes 2,098 9,375 9,375 Federal Unemployment Taxes 8 98 98 Estate and Gift Taxes & Misc IRS Rcpts. 1 35 35 Change in Balance of Unclassified Taxes -111 297 297 Total 4,198 121,726 121,726 These Receipts were deposited in: Federal Reserve Account: Directly 136 1,296 1,296 Collector Depositaries 495 31,497 31,497 Tax and Loan Accounts 3,379 84,727 84,727 Inter-agency Transfers 188 4,206 4,206 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 71 $ 499 $ 7,191 $ 79,897 Deposits: Taxes Received (Table IV) 1 17 3,361 3,379 Transfers to Depositaries 7 85 103 196 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,363 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 35 250 0 285 Depositary Initiated 0 1 3,920 3,921 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 59,674 Repo Investment 0 0 0 2,000 Closing Balance Today 44 351 6,736 19,955 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday October 23, 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 $ 23 $ 3,398 $ 3,398 Business 386 9,099 9,099 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.