1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 31, 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 $ 43,998 $ 27,494 $ 32,988 $ 32,988 Supplementary Financing Prog 558,851 558,851 299,491 299,491 Tax and Loan Note Accounts (Table V) 12,109 10,097 39,129 39,129 Total Operating Balance 614,959 596,442 371,608 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 31, 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) 105 506 506 Air Transport Security Fees 144 185 185 Commodity Credit Corporation programs 34 525 525 Customs and Certain Excise Taxes 125 3,213 3,213 Deposits by States: Supplemental Security Income 17 406 406 Unemployment 360 1,352 1,352 Education Department programs 57 1,223 1,223 Energy Department programs 147 664 664 Estate and Gift Taxes 79 2,079 2,079 Federal Reserve Earnings 0 3,607 3,607 Foreign Deposits, Military Sales 21 1,208 1,208 FTD's Received (Table IV) 2,244 42,831 42,831 Housing and Urban Development programs 9 234 234 Individual Income and Employment Taxes, Not Withheld 178 14,998 14,998 Interest recd from T&L Depositaries 0 28 28 Justice Department programs 38 585 585 Postal Service 334 8,808 8,808 Public Debt Cash Issues (Table III-B) 66,565 1,110,475 1,110,475 Other Deposits: Fed. Crop Ins. Corp. Fund Premiums 356 384 384 International Monetary Fund 85 170 170 Medicare Premiums 98 1,783 1,783 Minerals Management Svc/Collections 456 739 739 Natl Railroad Retirement Inv Trust 104 104 104 Prepayment of Treasury Securities 109 2,043 2,043 Railroad Unemployment Ins. 7 7 7 State Department 602 1,716 1,716 Thrift Savings Plan Transfer 56 3,854 3,854 Total Other Deposits 1,873 11,622 11,622 Change in Balance of Uncollected Funds (closing balance $ 6) 5 58 58 Transfers from Depositaries 6,093 349,544 349,544 Total Federal Reserve Account 78,428 1,554,152 1,554,152 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,085 108,703 108,703 Transfers from Federal Reserve Account (Table V) 2,021 213,822 213,822 Total Tax and Loan Note Accounts (Table V) 8,106 322,525 322,525 Total Deposits (excluding transfers) 78,420 1,313,311 1,313,311 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 31, 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 112 7,701 7,701 Defense Vendor Payments (EFT) 1,632 31,107 31,107 Education Department programs 410 12,246 12,246 Energy Department programs 272 2,920 2,920 Federal Employees Insurance Payments 180 5,154 5,154 Fed. Highway Administration programs 236 4,082 4,082 Federal Salaries (EFT) 3,143 16,187 16,187 Food and Nutrition Service (misc) 150 5,478 5,478 Food Stamps 26 366 366 GSA programs 37 1,478 1,478 Health and Human Services Grants (misc) 645 6,899 6,899 Housing and Urban Development programs 122 4,840 4,840 Interest on Treasury Securities 3,644 6,982 6,982 Justice Department programs 17 1,330 1,330 Labor Dept. prgms (excl. unemployment) 80 1,085 1,085 Medicaid 418 18,987 18,987 Medicare 12,917 52,121 52,121 NASA programs 0 1,249 1,249 Postal Service Money Orders and Other 101 3,800 3,800 Public Debt Cash Redemp. (Table III-B) 23,386 624,847 624,847 Social Security Benefits (EFT) 16 41,913 41,913 Temporary Assistance for Needy Families (HHS) 59 1,833 1,833 Transportation Security Admin. (DHS) 12 208 208 Unemployment Insurance Benefits 143 4,860 4,860 Veterans Affairs programs 171 2,624 2,624 Other Withdrawals: Emergency Prep & Response (DHS) 57 1,390 1,390 Federal Financing Bank 52 880 880 IRS Tax Refunds Individual (EFT) 1/ 582 2,903 2,903 Military Active Duty Pay (EFT) 3,576 9,915 9,915 Pension Benefit Guaranty Corp. 355 385 385 Prepayment of Treasury Securities 144 2,093 2,093 State Department 274 1,451 1,451 Supple. Security Income Benefits (EFT) 2,143 4,264 4,264 Thrift Savings Plan Transfer 76 1,336 1,336 U.S. District Courts (net) 50 10 10 Veterans Benefits (EFT) 2,756 5,499 5,499 Unclassified 1,908 48,954 48,954 Total, Other Withdrawals 11,973 209,665 209,665 Transfers to Depositaries 2,021 213,822 213,822 Total Federal Reserve Account 61,924 1,283,783 1,283,783 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,093 349,544 349,544 Total Withdrawals (excluding transfers) 59,903 1,069,960 1,069,960 Net Change in Operating Cash Balance 18,516 243,350 243,350 1/Includes $175 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 31, 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 0 433,289 433,289 Cash Management Series 0 560,000 560,000 Notes 66,833 113,799 113,799 Bonds 0 0 0 Inflation-Protected Securities Increment 136 -1,618 -1,618 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 217 217 Interest Increment 0 688 688 Government Account Series 189,983 3,981,684 3,981,684 Hope Bonds 0 461 461 Domestic Series 0 25 25 Foreign Series 0 1,000 1,000 State and Local Series 91 1,021 1,021 Other 259 4,608 4,608 Total Issues 257,318 5,095,174 5,095,174 (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 0 573,362 573,362 Notes 22,728 38,724 38,724 Bonds 0 1 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 34 921 921 Government Account Series 190,731 3,920,958 3,920,958 Hope Bonds 0 0 0 Domestic Series 0 25 25 Foreign Series 0 0 0 State and Local Series 57 6,695 6,695 Other 568 5,119 5,119 Total Redemptions 214,117 4,545,804 4,545,804 Net Change in Public Debt Outstanding 43,201 549,370 549,370 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 31, 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) 257,318 5,095,174 5,095,174 Premium on New Issues 0 1,405 1,405 Discount on New Issues: Bills (-) 0 3,269 3,269 Bonds and Notes (-) 838 1,935 1,935 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 189,983 3,981,684 3,981,684 Hope Bonds (-) 0 461 461 Interest Increment on United States Savings Securities (-) 0 688 688 Inflation-Protected Securities Increment -68 -1,933 -1,933 Total Public Debt Cash Issues Deposited in Federal Reserve Account 66,565 1,110,475 1,110,475 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 214,117 4,545,804 4,545,804 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 (-) 190,731 3,920,958 3,920,958 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 23,386 624,847 624,847 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 31, 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/$ 6,302,794 $ 6,257,578 $ 5,808,692 $ 5,808,692 Intragovernmental Holdings 4,271,301 4,273,315 4,216,033 4,216,033 Total Public Debt Outstanding 10,574,094 10,530,893 10,024,725 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,459 52,741 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 10,504,702 10,463,219 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 $558,851 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 31, 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 $ 8,759 $ 142,514 $ 142,514 Individual Income Taxes 10 481 481 Railroad Retirement Taxes 32 395 395 Excise Taxes 222 3,845 3,845 Corporation Income Taxes 41 9,668 9,668 Federal Unemployment Taxes 464 662 662 Estate and Gift Taxes & Misc IRS Rcpts. 3 47 47 Change in Balance of Unclassified Taxes 31 41 41 Total 9,562 157,653 157,653 These Receipts were deposited in: Federal Reserve Account: Directly 71 2,321 2,321 Collector Depositaries 2,172 40,509 40,509 Tax and Loan Accounts 6,085 108,703 108,703 Inter-agency Transfers 1,233 6,120 6,120 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 64 $ 486 $ 6,592 $ 10,097 Deposits: Taxes Received (Table IV) 6 76 6,002 6,085 Transfers to Depositaries 0 0 71 71 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 1,950 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 2 51 6,040 6,093 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 68 512 6,625 12,109 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 31, 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/$ 2,518 4/$ 8,326 4/$ 8,326 Business 181 11,030 11,030 3/Includes $298 million for payments issued in accordance with provisions of the Economic Stimulus Act of 2008 (PL 110-185). 4/Does not include $49 mil offset by FMS for MTD & $49 mil for the fiscal YTD for TOP against Tax Refunds issued. Also includes $950 mil MTD & $950 mil YTD Stimulus Payments issued with provisions of the Economic Act of 2008 (P L 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.