1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday October 27, 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 $ 132,693 $ 131,905 $ 32,988 $ 32,988 Supplementary Financing Prog 558,864 558,864 299,491 299,491 Tax and Loan Note Accounts (Table V) 22,337 20,779 39,129 39,129 Total Operating Balance 713,893 711,548 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday October 27, 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) 13 343 343 Air Transport Security Fees 0 14 14 Commodity Credit Corporation programs 31 448 448 Customs and Certain Excise Taxes 84 2,694 2,694 Deposits by States: Supplemental Security Income 0 11 11 Unemployment 67 665 665 Education Department programs 24 1,001 1,001 Energy Department programs 104 451 451 Estate and Gift Taxes 91 1,516 1,516 Federal Reserve Earnings 0 2,920 2,920 Foreign Deposits, Military Sales 8 1,155 1,155 FTD's Received (Table IV) 1,604 35,765 35,765 Housing and Urban Development programs 3 212 212 Individual Income and Employment Taxes, Not Withheld 395 13,865 13,865 Interest recd from T&L Depositaries 1 25 25 Justice Department programs 9 510 510 Postal Service 370 7,343 7,343 Public Debt Cash Issues (Table III-B) 264 922,477 922,477 Other Deposits: Defense Finance & Accounting Service 67 619 619 Medicare Premiums 55 1,537 1,537 Thrift Savings Plan Transfer 151 3,335 3,335 Total Other Deposits 273 7,812 7,812 Change in Balance of Uncollected Funds (closing balance $ 12) 3 52 52 Transfers from Depositaries 11,304 307,484 307,484 Total Federal Reserve Account 14,649 1,306,764 1,306,764 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,023 96,361 96,361 Transfers from Federal Reserve Account (Table V) 4,838 194,331 194,331 Total Tax and Loan Note Accounts (Table V) 12,861 290,692 290,692 Total Deposits (excluding transfers) 11,367 1,095,640 1,095,640 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday October 27, 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 257 7,169 7,169 Defense Vendor Payments (EFT) 1,305 24,587 24,587 Education Department programs 364 9,887 9,887 Energy Department programs 125 2,316 2,316 Federal Employees Insurance Payments 156 4,197 4,197 Fed. Highway Administration programs 120 3,317 3,317 Federal Salaries (EFT) 194 12,444 12,444 Food and Nutrition Service (misc) 291 4,928 4,928 Food Stamps 14 307 307 GSA programs 87 1,222 1,222 Health and Human Services Grants (misc) 281 5,251 5,251 Housing and Urban Development programs 84 4,368 4,368 Interest on Treasury Securities 1 3,333 3,333 Justice Department programs 172 1,058 1,058 Labor Dept. prgms (excl. unemployment) 68 872 872 Medicaid 654 15,431 15,431 Medicare 1,171 35,211 35,211 NASA programs 204 1,080 1,080 Postal Service Money Orders and Other 184 3,314 3,314 Public Debt Cash Redemp. (Table III-B) 308 487,745 487,745 Social Security Benefits (EFT) 58 41,848 41,848 Temporary Assistance for Needy Families (HHS) 79 1,349 1,349 Transportation Security Admin. (DHS) 28 164 164 Unemployment Insurance Benefits 229 4,038 4,038 Veterans Affairs programs 185 2,233 2,233 Other Withdrawals: Agency for Internat'l Development 93 987 987 Centers for Disease Control 89 301 301 Deposit Insurance Fund 327 586 586 Emergency Prep & Response (DHS) 51 1,122 1,122 Federal Aviation Administration 52 617 617 IRS Tax Refunds Business (EFT) 141 4,854 4,854 Unclassified 1,650 41,810 41,810 Total, Other Withdrawals 2,404 75,689 75,689 Transfers to Depositaries 4,838 194,331 194,331 Total Federal Reserve Account 13,861 947,687 947,687 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,304 307,484 307,484 Total Withdrawals (excluding transfers) 9,022 753,356 753,356 Net Change in Operating Cash Balance 2,345 342,285 342,285 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday October 27, 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 -2 352,497 352,497 Cash Management Series 0 520,000 520,000 Notes 0 46,966 46,966 Bonds 0 0 0 Inflation-Protected Securities Increment -205 -1,548 -1,548 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 175 175 Interest Increment 0 687 687 Government Account Series 179,507 3,243,277 3,243,277 Hope Bonds 0 461 461 Domestic Series 0 25 25 Foreign Series 0 1,000 1,000 State and Local Series 45 824 824 Other 213 3,545 3,545 Total Issues 179,567 4,167,910 4,167,910 (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 41 781 781 Government Account Series 178,466 3,180,143 3,180,143 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 51 6,618 6,618 Other 216 3,761 3,761 Total Redemptions 178,775 3,667,887 3,667,887 Net Change in Public Debt Outstanding 792 500,022 500,022 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday October 27, 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) 179,567 4,167,910 4,167,910 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 (-) 179,507 3,243,277 3,243,277 Hope Bonds (-) 0 461 461 Interest Increment on United States Savings Securities (-) 0 687 687 Inflation-Protected Securities Increment -205 -1,659 -1,659 Total Public Debt Cash Issues Deposited in Federal Reserve Account 264 922,477 922,477 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 178,775 3,667,887 3,667,887 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 (-) 178,466 3,180,143 3,180,143 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 308 487,745 487,745 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday October 27, 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/$ 6,249,201 $ 6,249,315 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,275,546 4,274,640 4,216,033 4,216,033 Total Public Debt Outstanding 10,524,747 10,523,955 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 52,004 52,248 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 10,457,810 10,456,774 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 $558,864 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 Monday October 27, 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 $ 9,225 $ 124,795 $ 124,795 Individual Income Taxes 14 444 444 Railroad Retirement Taxes 71 355 355 Excise Taxes 343 1,623 1,623 Corporation Income Taxes 33 9,439 9,439 Federal Unemployment Taxes 13 121 121 Estate and Gift Taxes & Misc IRS Rcpts. 1 38 38 Change in Balance of Unclassified Taxes -66 109 109 Total 9,634 136,923 136,923 These Receipts were deposited in: Federal Reserve Account: Directly 61 1,422 1,422 Collector Depositaries 1,544 34,343 34,343 Tax and Loan Accounts 8,023 96,361 96,361 Inter-agency Transfers 7 4,797 4,797 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 55 $ 419 $ 6,587 $ 20,779 Deposits: Taxes Received (Table IV) 3 35 7,984 8,023 Transfers to Depositaries 0 0 44 44 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,794 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 1 14 8,032 8,047 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 3,257 Repo Investment 0 0 0 0 Closing Balance Today 57 440 6,583 22,337 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday October 27, 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 $ 13 $ 5,727 $ 5,727 Business 298 9,656 9,656 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.