1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday November 10, 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 $ 60,354 $ 63,322 $ 43,998 $ 32,988 Supplementary Financing Prog 558,892 558,892 558,851 299,491 Tax and Loan Note Accounts (Table V) 10,548 10,530 12,109 39,129 Total Operating Balance 629,795 632,744 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday November 10, 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 97 603 Air Transport Security Fees 1 6 191 Commodity Credit Corporation programs 16 121 647 Customs and Certain Excise Taxes 91 489 3,702 Deposits by States: Supplemental Security Income 0 1 407 Unemployment 205 2,418 3,769 Education Department programs 26 331 1,554 Energy Department programs 9 102 766 Estate and Gift Taxes 109 863 2,942 Federal Reserve Earnings 0 427 4,034 Foreign Deposits, Military Sales 4 1,057 2,265 FTD's Received (Table IV) 1,714 12,278 55,109 Housing and Urban Development programs 1 28 261 Individual Income and Employment Taxes, Not Withheld 176 1,281 16,279 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 5 87 672 Postal Service 413 2,564 11,372 Public Debt Cash Issues (Table III-B) 403 167,507 1,277,982 Other Deposits: Defense Finance & Accounting Service 52 220 965 Federal Housing Admin: Note Sales 61 412 1,256 Total Other Deposits 112 872 12,495 Change in Balance of Uncollected Funds (closing balance $ 9) 2 -4 55 Transfers from Depositaries 9,811 49,717 399,261 Total Federal Reserve Account 13,113 240,242 1,794,394 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,699 36,755 145,458 Transfers from Federal Reserve Account (Table V) 2,130 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 9,829 48,156 370,681 Total Deposits (excluding transfers) 11,001 227,280 1,540,591 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday November 10, 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 180 941 8,642 Defense Vendor Payments (EFT) 1,350 7,421 38,528 Education Department programs 433 2,924 15,169 Energy Department programs 77 543 3,463 Federal Employees Insurance Payments 284 1,033 6,187 Fed. Highway Administration programs 219 1,242 5,324 Federal Salaries (EFT) 172 3,629 19,816 Food and Nutrition Service (misc) 646 2,059 7,537 Food Stamps 17 88 453 GSA programs 21 574 2,052 Health and Human Services Grants (misc) 375 1,884 8,783 Housing and Urban Development programs 111 2,763 7,603 Interest on Treasury Securities 2 540 7,522 Justice Department programs 69 390 1,721 Labor Dept. prgms (excl. unemployment) 37 235 1,319 Medicaid 733 4,766 23,753 Medicare 1,160 6,768 58,889 NASA programs 74 392 1,641 Postal Service Money Orders and Other 230 1,286 5,086 Public Debt Cash Redemp. (Table III-B) 376 112,520 737,367 Social Security Benefits (EFT) 63 21,691 63,604 Temporary Assistance for Needy Families (HHS) 78 424 2,256 Transportation Security Admin. (DHS) 10 38 246 Unemployment Insurance Benefits 229 1,303 6,162 Veterans Affairs programs 178 902 3,526 Other Withdrawals: Agency for Internat'l Development 286 528 1,690 Deposit Insurance Fund 4,018 4,289 4,888 Emergency Prep & Response (DHS) 59 361 1,751 Thrift Savings Plan Transfer 152 870 2,206 Unclassified 2,312 17,852 66,806 Total, Other Withdrawals 6,827 36,090 245,755 Transfers to Depositaries 2,130 11,400 225,223 Total Federal Reserve Account 16,080 223,845 1,507,627 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,811 49,717 399,261 Total Withdrawals (excluding transfers) 13,950 212,444 1,282,405 Net Change in Operating Cash Balance -2,949 14,836 258,187 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday November 10, 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 94,272 527,561 Cash Management Series 0 70,001 630,001 Notes 0 -3 113,796 Bonds 0 0 0 Inflation-Protected Securities Increment -75 -267 -1,885 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 91 307 Interest Increment 0 531 1,218 Government Account Series 176,454 1,081,801 5,063,486 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 122 2,051 3,072 Other 270 1,670 6,278 Total Issues 176,783 1,250,147 6,345,321 (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 0 107,286 680,647 Notes 0 0 38,724 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 56 281 1,202 Government Account Series 176,350 1,089,498 5,010,456 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 13 3,270 9,965 Other 308 1,683 6,802 Total Redemptions 176,726 1,202,018 5,747,823 Net Change in Public Debt Outstanding 56 48,129 597,498 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday November 10, 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) 176,783 1,250,147 6,345,321 Premium on New Issues 0 0 1,405 Discount on New Issues: Bills (-) 0 575 3,844 Bonds and Notes (-) 0 0 1,935 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,454 1,081,801 5,063,486 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 531 1,218 Inflation-Protected Securities Increment -75 -267 -2,200 Total Public Debt Cash Issues Deposited in Federal Reserve Account 403 167,507 1,277,982 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 176,726 1,202,018 5,747,823 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 (-) 176,350 1,089,498 5,010,456 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 376 112,520 737,367 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday November 10, 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/$ 6,358,690 $ 6,358,869 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,263,533 4,263,298 4,271,301 4,216,033 Total Public Debt Outstanding 10,622,223 10,622,167 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,481 54,718 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 10,552,809 10,552,516 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 $558,892 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 November 10, 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 $ 9,576 $ 50,430 $ 192,944 Individual Income Taxes 9 50 530 Railroad Retirement Taxes 29 95 491 Excise Taxes 151 243 4,088 Corporation Income Taxes 77 470 10,138 Federal Unemployment Taxes 4 43 705 Estate and Gift Taxes & Misc IRS Rcpts. 2 9 56 Change in Balance of Unclassified Taxes 22 245 286 Total 9,871 51,585 209,238 These Receipts were deposited in: Federal Reserve Account: Directly 61 774 3,096 Collector Depositaries 1,653 11,504 52,013 Tax and Loan Accounts 7,699 36,755 145,458 Inter-agency Transfers 458 2,552 8,671 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 80 $ 557 $ 6,860 $ 10,530 Deposits: Taxes Received (Table IV) 5 49 7,645 7,699 Transfers to Depositaries 0 0 5 5 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,125 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 3 43 7,454 7,500 Special Direct Investment 0 0 0 36 Term Investment 0 0 0 2,275 Repo Investment 0 0 0 0 Closing Balance Today 82 562 7,056 10,548 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday November 10, 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 $ 35 $ 2,414 $ 10,740 Business 65 1,359 12,389 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.