1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday November 14, 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 $ 58,338 $ 58,912 $ 43,998 $ 32,988 Supplementary Financing Prog 508,956 508,956 558,851 299,491 Tax and Loan Note Accounts (Table V) 2,097 2,082 12,109 39,129 Total Operating Balance 569,392 569,950 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday November 14, 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) 10 133 639 Air Transport Security Fees 0 8 193 Commodity Credit Corporation programs 19 182 707 Customs and Certain Excise Taxes 128 778 3,990 Deposits by States: Supplemental Security Income 0 2 407 Unemployment 33 2,629 3,981 Education Department programs 76 728 1,952 Energy Department programs 33 150 814 Estate and Gift Taxes 85 1,177 3,257 Federal Reserve Earnings 0 774 4,381 Foreign Deposits, Military Sales 8 1,079 2,288 FTD's Received (Table IV) 2,587 18,987 61,818 Housing and Urban Development programs 1 36 270 Individual Income and Employment Taxes, Not Withheld 195 1,941 16,939 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 3 104 689 Postal Service 392 3,931 12,739 Public Debt Cash Issues (Table III-B) 40,132 298,770 1,409,245 Other Deposits: Thrift Savings Plan Transfer 51 338 4,192 Total Other Deposits 51 1,392 13,014 Change in Balance of Uncollected Funds (closing balance $ 13) -4 -8 51 Transfers from Depositaries 6,287 70,337 419,882 Total Federal Reserve Account 50,036 403,131 1,957,283 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,303 48,925 157,628 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 6,303 60,325 382,851 Total Deposits (excluding transfers) 50,052 381,719 1,695,030 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday November 14, 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 168 1,465 9,167 Defense Vendor Payments (EFT) 1,731 12,300 43,407 Education Department programs 508 4,540 16,785 Energy Department programs 304 1,105 4,025 Federal Employees Insurance Payments 272 2,191 7,345 Fed. Highway Administration programs 247 1,815 5,897 Federal Salaries (EFT) 2,780 6,921 23,108 Food and Nutrition Service (misc) 306 3,069 8,546 Food Stamps 57 173 539 GSA programs 91 771 2,250 Health and Human Services Grants (misc) 421 3,100 9,999 Housing and Urban Development programs 178 3,191 8,031 Interest on Treasury Securities 7 551 7,533 Justice Department programs 50 672 2,002 Labor Dept. prgms (excl. unemployment) 77 430 1,515 Medicaid 760 8,799 27,786 Medicare 1,400 11,574 63,694 NASA programs 65 678 1,927 Postal Service Money Orders and Other 170 1,812 5,611 Public Debt Cash Redemp. (Table III-B) 411 242,059 866,905 Social Security Benefits (EFT) 39 28,411 70,325 Temporary Assistance for Needy Families (HHS) 82 777 2,610 Transportation Security Admin. (DHS) 9 61 269 Unemployment Insurance Benefits 175 2,083 6,943 Veterans Affairs programs 157 1,271 3,895 Other Withdrawals: Capital Purchase Program (TARP) 33,561 33,561 148,561 Emergency Prep & Response (DHS) 151 704 2,094 IRS Tax Refunds Individual (EFT) 1/ 445 925 3,828 Military Active Duty Pay (EFT) 2,555 2,555 12,470 State Department 390 1,259 2,710 Thrift Savings Plan Transfer 300 1,211 2,547 Unclassified 2,742 25,578 74,533 Total, Other Withdrawals 40,144 87,467 297,133 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 50,610 438,686 1,722,469 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,287 70,337 419,882 Total Withdrawals (excluding transfers) 50,610 427,286 1,497,246 Net Change in Operating Cash Balance -558 -45,567 197,783 1/Includes $53 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday November 14, 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 -2 184,700 617,989 Cash Management Series 40,000 110,001 670,001 Notes 0 -3 113,796 Bonds 0 0 0 Inflation-Protected Securities Increment -25 -366 -1,983 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 127 344 Interest Increment 0 532 1,219 Government Account Series 175,235 1,610,035 5,591,720 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 60 2,314 3,335 Other 259 2,568 7,176 Total Issues 215,542 1,909,908 7,005,082 (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 0 235,705 809,066 Notes 0 0 38,724 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 416 1,338 Government Account Series 175,963 1,624,137 5,545,095 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 87 3,360 10,055 Other 281 2,577 7,696 Total Redemptions 176,374 1,866,196 6,412,000 Net Change in Public Debt Outstanding 39,167 43,712 593,082 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday November 14, 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) 215,542 1,909,908 7,005,082 Premium on New Issues 0 0 1,405 Discount on New Issues: Bills (-) 200 937 4,206 Bonds and Notes (-) 0 0 1,935 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 175,235 1,610,035 5,591,720 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 532 1,219 Inflation-Protected Securities Increment -25 -366 -2,299 Total Public Debt Cash Issues Deposited in Federal Reserve Account 40,132 298,770 1,409,245 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 176,374 1,866,196 6,412,000 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 (-) 175,963 1,624,137 5,545,095 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 411 242,059 866,905 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday November 14, 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/$ 6,360,692 $ 6,320,977 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,257,115 4,257,662 4,271,301 4,216,033 Total Public Debt Outstanding 10,617,807 10,578,639 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,530 54,406 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 10,548,344 10,509,300 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). 2/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 Friday November 14, 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 $ 6,559 $ 66,159 $ 208,673 Individual Income Taxes 20 83 564 Railroad Retirement Taxes 9 158 554 Excise Taxes 1,876 2,670 6,515 Corporation Income Taxes 700 1,335 11,003 Federal Unemployment Taxes 3 55 717 Estate and Gift Taxes & Misc IRS Rcpts. 5 22 70 Change in Balance of Unclassified Taxes 125 455 496 Total 9,297 70,937 228,591 These Receipts were deposited in: Federal Reserve Account: Directly 613 1,619 3,940 Collector Depositaries 1,974 17,368 57,878 Tax and Loan Accounts 6,303 48,925 157,628 Inter-agency Transfers 407 3,025 9,145 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 86 $ 576 $ 1,419 $ 2,082 Deposits: Taxes Received (Table IV) 8 74 6,221 6,303 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 3,563 3,563 Depositary Initiated 6 67 2,650 2,724 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 88 583 1,426 2,097 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday November 14, 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/$ 3,072 $ 5,613 $ 13,940 Business 142 1,984 13,014 3/Includes $212 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.