1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday November 17, 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 $ 46,608 $ 58,338 $ 43,998 $ 32,988 Supplementary Financing Prog 508,956 508,956 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,997 2,097 12,109 39,129 Total Operating Balance 557,561 569,392 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday November 17, 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) 12 145 651 Air Transport Security Fees 0 8 193 Commodity Credit Corporation programs 14 195 721 Customs and Certain Excise Taxes 68 846 4,058 Deposits by States: Supplemental Security Income 0 2 408 Unemployment 41 2,670 4,022 Education Department programs 14 742 1,965 Energy Department programs 17 167 831 Estate and Gift Taxes 192 1,369 3,448 Federal Reserve Earnings 0 774 4,381 Foreign Deposits, Military Sales 10 1,089 2,297 FTD's Received (Table IV) 3,845 22,832 65,663 Housing and Urban Development programs 6 42 276 Individual Income and Employment Taxes, Not Withheld 161 2,102 17,100 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 82 186 771 Postal Service 392 4,323 13,131 Public Debt Cash Issues (Table III-B) 65,486 364,256 1,474,731 Other Deposits: Defense Finance & Accounting Service 60 384 1,130 Export-Import Bank 70 109 293 Thrift Savings Plan Transfer 240 578 4,431 Total Other Deposits 370 1,762 13,384 Change in Balance of Uncollected Funds (closing balance $ 4) 10 2 61 Transfers from Depositaries 16,704 87,042 436,586 Total Federal Reserve Account 87,424 490,555 2,044,707 Tax and Loan Note Accounts: FTD's Received (Table IV) 16,604 65,529 174,232 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 16,604 76,930 399,455 Total Deposits (excluding transfers) 87,324 469,042 1,782,353 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday November 17, 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 222 1,687 9,388 Defense Vendor Payments (EFT) 1,434 13,734 44,841 Education Department programs 400 4,940 17,185 Energy Department programs 126 1,232 4,152 Federal Employees Insurance Payments 286 2,477 7,631 Fed. Highway Administration programs 106 1,921 6,003 Federal Salaries (EFT) 1,340 8,262 24,448 Food and Nutrition Service (misc) 505 3,573 9,051 Food Stamps 25 198 564 GSA programs 54 825 2,304 Health and Human Services Grants (misc) 328 3,429 10,328 Housing and Urban Development programs 127 3,319 8,159 Interest on Treasury Securities 20,738 21,289 28,270 Justice Department programs 54 726 2,056 Labor Dept. prgms (excl. unemployment) 49 478 1,563 Medicaid 896 9,695 28,682 Medicare 1,237 12,811 64,932 NASA programs 23 701 1,950 Postal Service Money Orders and Other 295 2,107 5,907 Public Debt Cash Redemp. (Table III-B) 66,637 308,696 933,542 Social Security Benefits (EFT) 54 28,465 70,379 Temporary Assistance for Needy Families (HHS) 141 918 2,751 Transportation Security Admin. (DHS) 11 72 280 Unemployment Insurance Benefits 234 2,317 7,177 Veterans Affairs programs 161 1,431 4,055 Other Withdrawals: Emergency Prep & Response (DHS) 70 774 2,164 IRS Tax Refunds Business (EFT) 203 1,163 6,452 State Department 130 1,389 2,840 Unclassified 3,268 28,846 77,801 Total, Other Withdrawals 3,671 91,138 300,803 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 99,154 537,840 1,821,623 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,704 87,042 436,586 Total Withdrawals (excluding transfers) 99,154 526,440 1,596,400 Net Change in Operating Cash Balance -11,830 -57,398 185,953 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday November 17, 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 -5 184,695 617,984 Cash Management Series 0 110,001 670,001 Notes 52,993 52,990 166,789 Bonds 11,772 11,772 11,772 Inflation-Protected Securities Increment -74 -440 -2,058 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 140 357 Interest Increment 0 532 1,220 Government Account Series 183,580 1,793,615 5,775,300 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 204 2,518 3,538 Other 244 2,813 7,420 Total Issues 248,727 2,158,635 7,253,809 (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 64,714 64,714 103,438 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 54 470 1,392 Government Account Series 181,431 1,805,568 5,726,526 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 1,468 4,829 11,523 Other 401 2,978 8,097 Total Redemptions 248,068 2,114,264 6,660,068 Net Change in Public Debt Outstanding 660 44,372 593,741 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday November 17, 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) 248,727 2,158,635 7,253,809 Premium on New Issues 371 371 1,777 Discount on New Issues: Bills (-) 0 937 4,206 Bonds and Notes (-) 107 107 2,042 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 183,580 1,793,615 5,775,300 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 532 1,220 Inflation-Protected Securities Increment -74 -440 -2,373 Total Public Debt Cash Issues Deposited in Federal Reserve Account 65,486 364,256 1,474,731 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 248,068 2,114,264 6,660,068 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 (-) 181,431 1,805,568 5,726,526 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 66,637 308,696 933,542 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday November 17, 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/$ 6,359,523 $ 6,360,692 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,258,943 4,257,115 4,271,301 4,216,033 Total Public Debt Outstanding 10,618,466 10,617,807 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 53,880 54,530 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 10,549,653 10,548,344 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 Monday November 17, 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 $ 18,468 $ 84,627 $ 227,141 Individual Income Taxes 10 93 574 Railroad Retirement Taxes 60 218 614 Excise Taxes 29 2,699 6,544 Corporation Income Taxes 1,856 3,191 12,859 Federal Unemployment Taxes 3 57 719 Estate and Gift Taxes & Misc IRS Rcpts. 3 25 73 Change in Balance of Unclassified Taxes 457 912 953 Total 20,885 91,823 249,476 These Receipts were deposited in: Federal Reserve Account: Directly 59 1,677 3,999 Collector Depositaries 3,786 21,155 61,664 Tax and Loan Accounts 16,604 65,529 174,232 Inter-agency Transfers 436 3,461 9,581 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 88 $ 583 $ 1,426 $ 2,097 Deposits: Taxes Received (Table IV) 12 79 16,513 16,604 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 88 583 11,422 12,093 Depositary Initiated 1 6 4,605 4,612 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 11 74 1,913 1,997 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday November 17, 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 $ 48 $ 5,656 $ 13,982 Business 256 2,235 13,265 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.