1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday November 24, 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 $ 68,933 $ 83,394 $ 43,998 $ 32,988 Supplementary Financing Prog 479,054 479,054 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,926 1,920 12,109 39,129 Total Operating Balance 549,913 564,367 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday November 24, 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) 15 208 714 Air Transport Security Fees 1 10 195 Commodity Credit Corporation programs 28 282 808 Customs and Certain Excise Taxes 109 1,275 4,487 Deposits by States: Supplemental Security Income 3 5 411 Unemployment 57 2,891 4,242 Education Department programs 30 954 2,177 Energy Department programs 31 245 908 Estate and Gift Taxes 76 2,058 4,137 Federal Reserve Earnings 0 1,074 4,681 Foreign Deposits, Military Sales 31 1,224 2,432 FTD's Received (Table IV) 1,616 31,035 73,866 Housing and Urban Development programs 3 69 303 Individual Income and Employment Taxes, Not Withheld 186 3,189 18,187 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 13 233 819 Postal Service 385 6,228 15,036 Public Debt Cash Issues (Table III-B) 281 514,155 1,624,630 Other Deposits: Defense Finance & Accounting Service 80 576 1,321 Medicare Premiums 173 1,233 3,016 Total Other Deposits 253 3,183 14,806 Change in Balance of Uncollected Funds (closing balance $ 8) 8 -2 56 Transfers from Depositaries 7,607 105,653 455,197 Total Federal Reserve Account 10,731 673,970 2,228,123 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,613 84,069 192,772 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 7,613 95,470 417,995 Total Deposits (excluding transfers) 10,738 652,387 1,965,698 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday November 24, 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 215 2,529 10,230 Defense Vendor Payments (EFT) 1,208 21,623 52,730 Education Department programs 408 7,688 19,934 Energy Department programs 90 1,718 4,639 Federal Employees Insurance Payments 137 3,271 8,425 Fed. Highway Administration programs 134 2,632 6,714 Federal Salaries (EFT) 191 10,063 26,250 Food and Nutrition Service (misc) 409 4,957 10,435 Food Stamps 17 254 620 GSA programs 69 1,095 2,573 Health and Human Services Grants (misc) 337 5,277 12,176 Housing and Urban Development programs 125 3,912 8,752 Interest on Treasury Securities 1 21,296 28,278 Justice Department programs 103 1,009 2,339 Labor Dept. prgms (excl. unemployment) 86 831 1,916 Medicaid 567 13,473 32,460 Medicare 1,420 19,908 72,028 NASA programs 110 1,080 2,330 Postal Service Money Orders and Other 185 2,838 6,638 Public Debt Cash Redemp. (Table III-B) 288 424,808 1,049,655 Social Security Benefits (EFT) 69 35,230 77,143 Temporary Assistance for Needy Families (HHS) 35 1,133 2,966 Transportation Security Admin. (DHS) 9 105 313 Unemployment Insurance Benefits 245 3,514 8,373 Veterans Affairs programs 172 1,980 4,604 Other Withdrawals: Deposit Insurance Fund 1,121 6,180 6,779 Emergency Prep & Response (DHS) 90 1,209 2,599 GSE Investment 13,800 13,800 13,800 Interior 50 702 1,659 IRS Tax Refunds Business (EFT) 95 1,767 7,056 Unclassified 3,405 42,161 91,115 Total, Other Withdrawals 18,561 125,208 334,873 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 25,192 728,833 2,012,616 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,607 105,653 455,197 Total Withdrawals (excluding transfers) 25,192 717,433 1,787,393 Net Change in Operating Cash Balance -14,454 -65,046 178,305 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday November 24, 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 -10 298,626 731,914 Cash Management Series 0 145,001 705,001 Notes 0 52,989 166,788 Bonds 0 11,772 11,772 Inflation-Protected Securities Increment -74 -613 -2,230 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 193 410 Interest Increment 0 534 1,222 Government Account Series 178,077 2,690,404 6,672,089 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 38 2,728 3,749 Other 242 4,137 8,744 Total Issues 178,284 3,205,772 8,300,946 (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 0 349,658 923,020 Notes 0 64,714 103,438 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 40 676 1,598 Government Account Series 179,206 2,700,799 6,621,756 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 1 5,136 11,831 Other 246 4,623 9,742 Total Redemptions 179,494 3,125,607 7,671,411 Net Change in Public Debt Outstanding -1,209 80,165 629,535 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday November 24, 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) 178,284 3,205,772 8,300,946 Premium on New Issues 0 371 1,777 Discount on New Issues: Bills (-) 0 1,555 4,825 Bonds and Notes (-) 0 107 2,042 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 178,077 2,690,404 6,672,089 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 534 1,222 Inflation-Protected Securities Increment -74 -613 -2,546 Total Public Debt Cash Issues Deposited in Federal Reserve Account 281 514,155 1,624,630 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 179,494 3,125,607 7,671,411 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 (-) 179,206 2,700,799 6,621,756 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 288 424,808 1,049,655 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday November 24, 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/$ 6,393,689 $ 6,393,776 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,260,571 4,261,693 4,271,301 4,216,033 Total Public Debt Outstanding 10,654,259 10,655,469 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 494 494 Unamortized Discount 53,968 54,191 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 10,585,359 10,586,345 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 $479,054 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 24, 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 $ 9,533 $ 111,839 $ 254,353 Individual Income Taxes 9 149 630 Railroad Retirement Taxes 30 272 667 Excise Taxes 95 2,894 6,739 Corporation Income Taxes 34 3,821 13,489 Federal Unemployment Taxes 2 71 733 Estate and Gift Taxes & Misc IRS Rcpts. 3 33 80 Change in Balance of Unclassified Taxes -249 469 510 Total 9,457 119,548 277,201 These Receipts were deposited in: Federal Reserve Account: Directly 87 1,961 4,282 Collector Depositaries 1,528 29,074 69,583 Tax and Loan Accounts 7,613 84,069 192,772 Inter-agency Transfers 228 4,443 10,563 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 12 $ 110 $ 1,798 $ 1,920 Deposits: Taxes Received (Table IV) 4 40 7,569 7,613 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 6,031 6,031 Depositary Initiated 1 12 1,563 1,575 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 15 138 1,773 1,926 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday November 24, 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 $ 12 $ 8,831 $ 17,157 Business 182 3,508 14,538 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.