1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday November 05, 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 $ 18,652 $ 19,041 $ 43,998 $ 32,988 Supplementary Financing Prog 558,851 558,851 558,851 299,491 Tax and Loan Note Accounts (Table V) 10,520 10,173 12,109 39,129 Total Operating Balance 588,023 588,065 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday November 05, 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) 12 65 571 Air Transport Security Fees 0 4 190 Commodity Credit Corporation programs 17 85 610 Customs and Certain Excise Taxes 66 267 3,480 Deposits by States: Supplemental Security Income 0 1 406 Unemployment 453 1,672 3,024 Education Department programs 50 216 1,440 Energy Department programs 4 77 741 Estate and Gift Taxes 36 297 2,376 Federal Reserve Earnings 427 427 4,034 Foreign Deposits, Military Sales 9 931 2,139 FTD's Received (Table IV) 4,281 8,531 51,361 Housing and Urban Development programs 0 6 240 Individual Income and Employment Taxes, Not Withheld 328 789 15,787 Interest recd from T&L Depositaries 0 1 28 Justice Department programs 16 63 649 Postal Service 443 1,377 10,185 Public Debt Cash Issues (Table III-B) 499 2,532 1,113,007 Other Deposits: Federal Housing Admin: Note Sales 61 155 998 Total Other Deposits 61 229 11,852 Change in Balance of Uncollected Funds (closing balance $ 5) 13 1 59 Transfers from Depositaries 6,475 31,864 381,408 Total Federal Reserve Account 13,192 49,433 1,603,585 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,064 23,925 132,628 Transfers from Federal Reserve Account (Table V) 2,758 6,350 220,172 Total Tax and Loan Note Accounts (Table V) 6,822 30,275 352,800 Total Deposits (excluding transfers) 10,780 41,494 1,354,805 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday November 05, 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 174 540 8,242 Defense Vendor Payments (EFT) 1,111 3,190 34,297 Education Department programs 723 1,385 13,630 Energy Department programs 81 242 3,162 Federal Employees Insurance Payments 157 441 5,595 Fed. Highway Administration programs 324 510 4,593 Federal Salaries (EFT) 221 2,543 18,730 Food and Nutrition Service (misc) 223 892 6,369 Food Stamps 8 51 417 GSA programs 32 462 1,940 Health and Human Services Grants (misc) 193 788 7,687 Housing and Urban Development programs 170 2,440 7,280 Interest on Treasury Securities 1 533 7,515 Justice Department programs 151 191 1,522 Labor Dept. prgms (excl. unemployment) 33 118 1,202 Medicaid 662 2,053 21,040 Medicare 1,241 3,533 55,653 NASA programs 158 203 1,452 Postal Service Money Orders and Other 203 693 4,493 Public Debt Cash Redemp. (Table III-B) 286 4,079 628,925 Social Security Benefits (EFT) 48 21,541 63,454 Temporary Assistance for Needy Families (HHS) 51 248 2,081 Transportation Security Admin. (DHS) 8 23 230 Unemployment Insurance Benefits 224 738 5,597 Veterans Affairs programs 92 357 2,981 Other Withdrawals: Agriculture Loan Payments (misc) 53 89 666 Emergency Prep & Response (DHS) 66 190 1,581 Federal Transit Admin. 65 159 1,114 IRS Tax Refunds Business (EFT) 142 604 5,893 Thrift Savings Plan Transfer 272 584 1,920 Unclassified 3,649 10,110 59,065 Total, Other Withdrawals 4,247 20,635 230,301 Transfers to Depositaries 2,758 6,350 220,172 Total Federal Reserve Account 13,580 74,779 1,358,562 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,475 31,864 381,408 Total Withdrawals (excluding transfers) 10,822 68,430 1,138,390 Net Change in Operating Cash Balance -42 -26,935 216,415 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday November 05, 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 -6 433,283 Cash Management Series 0 0 560,000 Notes 0 -3 113,796 Bonds 0 0 0 Inflation-Protected Securities Increment -25 -143 -1,761 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 63 279 Interest Increment 0 530 1,218 Government Account Series 175,886 552,480 4,534,165 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 253 1,751 2,772 Other 238 727 5,335 Total Issues 176,361 555,400 5,650,574 (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 0 573,362 Notes 0 0 38,724 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 145 1,067 Government Account Series 175,351 558,545 4,479,503 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 1 3,196 9,891 Other 240 737 5,856 Total Redemptions 175,637 562,623 5,108,428 Net Change in Public Debt Outstanding 724 -7,224 542,146 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday November 05, 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) 176,361 555,400 5,650,574 Premium on New Issues 0 0 1,405 Discount on New Issues: Bills (-) 0 0 3,269 Bonds and Notes (-) 0 0 1,935 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 175,886 552,480 4,534,165 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 530 1,218 Inflation-Protected Securities Increment -25 -143 -2,076 Total Public Debt Cash Issues Deposited in Federal Reserve Account 499 2,532 1,113,007 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 175,637 562,623 5,108,428 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 (-) 175,351 558,545 4,479,503 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 286 4,079 628,925 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday November 05, 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/$ 6,302,458 $ 6,302,536 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,264,412 4,263,610 4,271,301 4,216,033 Total Public Debt Outstanding 10,566,871 10,566,146 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,060 54,140 54,459 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 491 491 491 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,497,877 10,497,073 10,504,702 9,959,850 Statutory Debt Limit 11,315,000 11,315,000 11,315,000 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 $558,851 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 Wednesday November 05, 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 $ 8,710 $ 33,717 $ 176,231 Individual Income Taxes 8 28 509 Railroad Retirement Taxes 3 52 447 Excise Taxes 13 43 3,888 Corporation Income Taxes 52 159 9,827 Federal Unemployment Taxes 6 26 688 Estate and Gift Taxes & Misc IRS Rcpts. 1 6 53 Change in Balance of Unclassified Taxes 26 229 270 Total 8,819 34,260 191,913 These Receipts were deposited in: Federal Reserve Account: Directly 199 538 2,859 Collector Depositaries 4,083 7,993 48,502 Tax and Loan Accounts 4,064 23,925 132,628 Inter-agency Transfers 474 1,804 7,924 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 74 $ 532 $ 6,704 $ 10,173 Deposits: Taxes Received (Table IV) 6 65 3,992 4,064 Transfers to Depositaries 0 0 62 62 Special Direct Investment 0 0 0 346 Term Investment 0 0 0 2,350 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 3 51 3,970 4,023 Special Direct Investment 0 0 0 348 Term Investment 0 0 0 2,104 Repo Investment 0 0 0 0 Closing Balance Today 77 547 6,789 10,520 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday November 05, 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 2/$ 21 $ 50 $ 8,377 Business 193 844 11,874 2/Includes $1 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.