1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday November 13, 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 $ 58,912 $ 52,985 $ 43,998 $ 32,988 Supplementary Financing Prog 508,956 558,892 558,851 299,491 Tax and Loan Note Accounts (Table V) 2,082 3,115 12,109 39,129 Total Operating Balance 569,950 614,992 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday November 13, 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) 11 123 629 Air Transport Security Fees 1 7 192 Commodity Credit Corporation programs 14 162 688 Customs and Certain Excise Taxes 78 650 3,863 Deposits by States: Supplemental Security Income 0 1 407 Unemployment 98 2,596 3,948 Education Department programs 148 653 1,876 Energy Department programs 8 118 781 Estate and Gift Taxes 151 1,092 3,171 Federal Reserve Earnings 0 774 4,381 Foreign Deposits, Military Sales 3 1,071 2,279 FTD's Received (Table IV) 2,703 16,400 59,231 Housing and Urban Development programs 4 35 268 Individual Income and Employment Taxes, Not Withheld 280 1,746 16,744 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 4 100 686 Postal Service 473 3,539 12,347 Public Debt Cash Issues (Table III-B) 90,854 258,638 1,369,113 Other Deposits: International Monetary Fund 102 102 272 Prepayment of Treasury Securities 158 366 2,409 Thrift Savings Plan Transfer 159 287 4,141 Total Other Deposits 419 1,341 12,963 Change in Balance of Uncollected Funds (closing balance $ 10) -5 -4 54 Transfers from Depositaries 4,325 64,050 413,595 Total Federal Reserve Account 99,568 353,095 1,907,247 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,291 42,622 151,325 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 3,291 54,023 376,548 Total Deposits (excluding transfers) 98,534 331,667 1,644,977 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday November 13, 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 188 1,297 8,999 Defense Vendor Payments (EFT) 1,446 10,569 41,676 Education Department programs 773 4,032 16,278 Energy Department programs 142 801 3,721 Federal Employees Insurance Payments 452 1,919 7,073 Fed. Highway Administration programs 126 1,568 5,651 Federal Salaries (EFT) 246 4,141 20,328 Food and Nutrition Service (misc) 189 2,762 8,240 Food Stamps 8 116 482 GSA programs 59 680 2,159 Health and Human Services Grants (misc) 432 2,679 9,578 Housing and Urban Development programs 100 3,013 7,853 Interest on Treasury Securities 2 544 7,526 Justice Department programs 50 622 1,952 Labor Dept. prgms (excl. unemployment) 80 353 1,437 Medicaid 1,861 8,039 27,026 Medicare 2,112 10,174 62,294 NASA programs 71 613 1,862 Postal Service Money Orders and Other 169 1,642 5,442 Public Debt Cash Redemp. (Table III-B) 128,841 241,648 866,494 Social Security Benefits (EFT) 45 28,373 70,286 Temporary Assistance for Needy Families (HHS) 166 695 2,528 Transportation Security Admin. (DHS) 5 52 259 Unemployment Insurance Benefits 257 1,908 6,767 Veterans Affairs programs 63 1,113 3,737 Other Withdrawals: Agency for Internat'l Development 61 657 1,818 Agriculture 98 368 1,117 Emergency Prep & Response (DHS) 137 553 1,944 Federal Crop Ins. Corp. 66 265 949 Federal Railroad Admin. 108 110 162 IRS Tax Refunds Business (EFT) 51 950 6,239 Prepayment of Treasury Securities 169 364 2,457 State Department 165 869 2,320 Tennessee Valley Authority (net) 2,078 2,079 -424 Unclassified 2,764 22,836 71,790 Total, Other Withdrawals 5,695 47,324 256,989 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 143,577 388,076 1,671,859 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 4,325 64,050 413,595 Total Withdrawals (excluding transfers) 143,577 376,676 1,446,636 Net Change in Operating Cash Balance -45,043 -45,009 198,341 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday November 13, 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 90,430 184,702 617,991 Cash Management Series 0 70,001 630,001 Notes 0 -3 113,796 Bonds 0 0 0 Inflation-Protected Securities Increment -24 -341 -1,959 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 113 329 Interest Increment 0 531 1,219 Government Account Series 176,369 1,434,801 5,416,485 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 168 2,253 3,274 Other 406 2,309 6,917 Total Issues 267,360 1,694,366 6,789,540 (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 128,419 235,705 809,066 Notes 0 0 38,724 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 373 1,294 Government Account Series 178,389 1,448,174 5,369,132 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 3 3,274 9,969 Other 376 2,296 7,415 Total Redemptions 307,230 1,689,822 6,235,626 Net Change in Public Debt Outstanding -39,869 4,545 553,914 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday November 13, 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) 267,360 1,694,366 6,789,540 Premium on New Issues 0 0 1,405 Discount on New Issues: Bills (-) 161 736 4,006 Bonds and Notes (-) 0 0 1,935 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,369 1,434,801 5,416,485 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 531 1,219 Inflation-Protected Securities Increment -24 -341 -2,274 Total Public Debt Cash Issues Deposited in Federal Reserve Account 90,854 258,638 1,369,113 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 307,230 1,689,822 6,235,626 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 (-) 178,389 1,448,174 5,369,132 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 128,841 241,648 866,494 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday November 13, 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/$ 6,320,977 $ 6,358,807 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,257,662 4,259,702 4,271,301 4,216,033 Total Public Debt Outstanding 10,578,639 10,618,509 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,406 54,323 54,459 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 491 494 491 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 51 51 51 51 Total Public Debt Subject to Limit 10,509,300 10,549,249 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 $508,956 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 Thursday November 13, 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 $ 5,317 $ 59,600 $ 202,114 Individual Income Taxes 6 64 544 Railroad Retirement Taxes 4 149 544 Excise Taxes 443 794 4,639 Corporation Income Taxes 111 635 10,303 Federal Unemployment Taxes 4 52 714 Estate and Gift Taxes & Misc IRS Rcpts. 7 17 64 Change in Balance of Unclassified Taxes 114 330 371 Total 6,005 61,641 219,294 These Receipts were deposited in: Federal Reserve Account: Directly 124 1,006 3,327 Collector Depositaries 2,578 15,394 55,904 Tax and Loan Accounts 3,291 42,622 151,325 Inter-agency Transfers 11 2,618 8,738 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 85 $ 572 $ 1,735 $ 3,115 Deposits: Taxes Received (Table IV) 4 33 3,255 3,291 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 1,868 1,868 Depositary Initiated 3 28 1,703 1,734 Special Direct Investment 0 0 0 723 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 86 576 1,419 2,082 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday November 13, 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 $ 65 $ 2,541 $ 10,868 Business 127 1,842 12,872 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.