1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 24, 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 $ 131,905 $ 136,672 $ 32,988 $ 32,988 Supplementary Financing Prog 558,864 558,864 299,491 299,491 Tax and Loan Note Accounts (Table V) 20,779 19,955 39,129 39,129 Total Operating Balance 711,548 715,491 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 24, 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) 9 330 330 Air Transport Security Fees 1 14 14 Commodity Credit Corporation programs 24 417 417 Customs and Certain Excise Taxes 73 2,610 2,610 Deposits by States: Supplemental Security Income 3 10 10 Unemployment 81 598 598 Education Department programs 22 977 977 Energy Department programs 28 346 346 Estate and Gift Taxes 75 1,425 1,425 Federal Reserve Earnings 0 2,920 2,920 Foreign Deposits, Military Sales 17 1,147 1,147 FTD's Received (Table IV) 1,368 34,161 34,161 Housing and Urban Development programs 3 208 208 Individual Income and Employment Taxes, Not Withheld 659 13,470 13,470 Interest recd from T&L Depositaries 0 24 24 Justice Department programs 10 501 501 Postal Service 329 6,973 6,973 Public Debt Cash Issues (Table III-B) 226 922,214 922,214 Other Deposits: Medicare Premiums 251 1,482 1,482 Total Other Deposits 251 7,540 7,540 Change in Balance of Uncollected Funds (closing balance $ 15) -7 49 49 Transfers from Depositaries 3,732 296,180 296,180 Total Federal Reserve Account 6,904 1,292,115 1,292,115 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,611 88,338 88,338 Transfers from Federal Reserve Account (Table V) 945 189,492 189,492 Total Tax and Loan Note Accounts (Table V) 4,556 277,831 277,831 Total Deposits (excluding transfers) 6,784 1,084,273 1,084,273 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 24, 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 186 6,911 6,911 Defense Vendor Payments (EFT) 2,095 23,282 23,282 Education Department programs 289 9,524 9,524 Energy Department programs 140 2,191 2,191 Federal Employees Insurance Payments 279 4,041 4,041 Fed. Highway Administration programs 101 3,198 3,198 Federal Salaries (EFT) 124 12,250 12,250 Food and Nutrition Service (misc) 164 4,637 4,637 Food Stamps 8 292 292 GSA programs 29 1,135 1,135 Health and Human Services Grants (misc) 365 4,970 4,970 Housing and Urban Development programs 111 4,285 4,285 Interest on Treasury Securities 4 3,332 3,332 Justice Department programs 43 886 886 Labor Dept. prgms (excl. unemployment) 135 804 804 Medicaid 418 14,778 14,778 Medicare 1,397 34,040 34,040 NASA programs 98 876 876 Postal Service Money Orders and Other 116 3,130 3,130 Public Debt Cash Redemp. (Table III-B) 970 487,436 487,436 Social Security Benefits (EFT) 49 41,790 41,790 Temporary Assistance for Needy Families (HHS) 40 1,270 1,270 Transportation Security Admin. (DHS) 5 137 137 Unemployment Insurance Benefits 137 3,808 3,808 Veterans Affairs programs 123 2,048 2,048 Other Withdrawals: Commerce Programs 53 463 463 Federal Aviation Administration 50 564 564 IRS Tax Refunds Individual (EFT) 1/ 1,268 2,313 2,313 State Department 63 1,080 1,080 Thrift Savings Plan Transfer 102 1,149 1,149 Unclassified 1,765 40,160 40,160 Total, Other Withdrawals 3,301 73,285 73,285 Transfers to Depositaries 945 189,492 189,492 Total Federal Reserve Account 11,672 933,826 933,826 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,732 296,180 296,180 Total Withdrawals (excluding transfers) 10,727 744,333 744,333 Net Change in Operating Cash Balance -3,943 339,940 339,940 1/Includes $54 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 24, 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 0 352,499 352,499 Cash Management Series 0 520,000 520,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -69 -1,343 -1,343 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 167 167 Interest Increment 0 687 687 Government Account Series 179,518 3,063,770 3,063,770 Hope Bonds 0 461 461 Domestic Series 0 25 25 Foreign Series 0 1,000 1,000 State and Local Series 0 780 780 Other 220 3,332 3,332 Total Issues 179,675 3,988,343 3,988,343 (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 0 460,563 460,563 Notes 0 15,996 15,996 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 33 740 740 Government Account Series 178,863 3,001,676 3,001,676 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 709 6,567 6,567 Other 227 3,546 3,546 Total Redemptions 179,833 3,489,113 3,489,113 Net Change in Public Debt Outstanding -158 499,230 499,230 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 24, 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) 179,675 3,988,343 3,988,343 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 0 2,975 2,975 Bonds and Notes (-) 0 1,097 1,097 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 179,518 3,063,770 3,063,770 Hope Bonds (-) 0 461 461 Interest Increment on United States Savings Securities (-) 0 687 687 Inflation-Protected Securities Increment -69 -1,454 -1,454 Total Public Debt Cash Issues Deposited in Federal Reserve Account 226 922,214 922,214 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 179,833 3,489,113 3,489,113 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 (-) 178,863 3,001,676 3,001,676 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 970 487,436 487,436 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 24, 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/$ 6,249,315 $ 6,250,228 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,274,640 4,273,885 4,216,033 4,216,033 Total Public Debt Outstanding 10,523,955 10,524,113 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 52,248 52,329 50,402 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 491 491 30 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,456,774 10,456,850 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday October 24, 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 $ 5,477 $ 115,569 $ 115,569 Individual Income Taxes 6 430 430 Railroad Retirement Taxes 7 284 284 Excise Taxes 153 1,280 1,280 Corporation Income Taxes 31 9,406 9,406 Federal Unemployment Taxes 10 108 108 Estate and Gift Taxes & Misc IRS Rcpts. 1 36 36 Change in Balance of Unclassified Taxes -122 175 175 Total 5,563 127,289 127,289 These Receipts were deposited in: Federal Reserve Account: Directly 65 1,361 1,361 Collector Depositaries 1,303 32,800 32,800 Tax and Loan Accounts 3,611 88,338 88,338 Inter-agency Transfers 583 4,790 4,790 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 44 $ 351 $ 6,736 $ 19,955 Deposits: Taxes Received (Table IV) 4 45 3,563 3,611 Transfers to Depositaries 7 34 9 51 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 894 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 11 3,721 3,732 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 55 419 6,587 20,779 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 24, 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/$ 2,326 $ 5,724 $ 5,724 Business 262 9,358 9,358 3/Includes $210 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.