1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday November 25, 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 $ 24,054 $ 68,933 $ 43,998 $ 32,988 Supplementary Financing Prog 479,054 479,054 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,992 1,926 12,109 39,129 Total Operating Balance 505,099 549,913 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday November 25, 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) 20 228 734 Air Transport Security Fees 19 29 214 Commodity Credit Corporation programs 16 299 824 Customs and Certain Excise Taxes 1,314 2,588 5,801 Deposits by States: Supplemental Security Income 1 7 412 Unemployment 26 2,916 4,268 Education Department programs 33 986 2,210 Energy Department programs 49 294 957 Estate and Gift Taxes 74 2,133 4,212 Federal Reserve Earnings 0 1,074 4,681 Foreign Deposits, Military Sales 6 1,230 2,439 FTD's Received (Table IV) 667 31,702 74,533 Housing and Urban Development programs 5 74 308 Individual Income and Employment Taxes, Not Withheld 206 3,395 18,393 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 11 244 830 Postal Service 439 6,668 15,476 Public Debt Cash Issues (Table III-B) 1,512 515,667 1,626,142 Other Deposits: Defense Finance & Accounting Service 60 636 1,381 Fed. Crop Ins. Corp. Fund Premiums 66 98 482 Medicare Premiums 181 1,414 3,197 Minerals Management Svc/Collections 100 316 1,054 Thrift Savings Plan Transfer 345 1,020 4,873 Total Other Deposits 751 3,935 15,557 Change in Balance of Uncollected Funds (closing balance $ 16) -8 -10 48 Transfers from Depositaries 1,163 106,816 456,361 Total Federal Reserve Account 6,305 680,275 2,234,428 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,229 85,298 194,001 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 1,229 96,698 419,224 Total Deposits (excluding transfers) 6,370 658,757 1,972,068 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday November 25, 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 171 2,699 10,401 Defense Vendor Payments (EFT) 2,363 23,986 55,094 Education Department programs 0 7,688 19,934 Energy Department programs 148 1,866 4,786 Federal Employees Insurance Payments 360 3,631 8,785 Fed. Highway Administration programs 131 2,763 6,846 Federal Salaries (EFT) 173 10,236 26,422 Food and Nutrition Service (misc) 166 5,123 10,601 Food Stamps 7 260 626 GSA programs 31 1,126 2,604 Health and Human Services Grants (misc) 451 5,728 12,627 Housing and Urban Development programs 122 4,034 8,874 Interest on Treasury Securities 2 21,299 28,280 Justice Department programs 32 1,041 2,371 Labor Dept. prgms (excl. unemployment) 103 934 2,018 Medicaid 487 13,959 32,947 Medicare 1,375 21,283 73,403 NASA programs 184 1,265 2,514 Postal Service Money Orders and Other 149 2,987 6,787 Public Debt Cash Redemp. (Table III-B) 347 425,155 1,050,002 Social Security Benefits (EFT) 22 35,252 77,166 Temporary Assistance for Needy Families (HHS) 111 1,244 3,077 Transportation Security Admin. (DHS) 27 132 340 Unemployment Insurance Benefits 325 3,839 8,698 Veterans Affairs programs 94 2,074 4,698 Other Withdrawals: Agency for Internat'l Development 88 1,022 2,184 Emergency Prep & Response (DHS) 83 1,292 2,682 IRS Tax Refunds Business (EFT) 231 1,998 7,287 TARP 40,000 76,471 191,471 Unclassified 3,402 45,562 94,517 Total, Other Withdrawals 43,804 169,012 378,677 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 51,184 780,017 2,063,800 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,163 106,816 456,361 Total Withdrawals (excluding transfers) 51,184 768,617 1,838,577 Net Change in Operating Cash Balance -44,814 -109,860 133,491 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday November 25, 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 0 298,626 731,914 Cash Management Series 0 145,001 705,001 Notes 0 52,989 166,788 Bonds 0 11,772 11,772 Inflation-Protected Securities Increment -25 -638 -2,255 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 204 421 Interest Increment 0 534 1,222 Government Account Series 181,226 2,871,630 6,853,314 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 1,263 3,991 5,012 Other 238 4,375 8,982 Total Issues 182,713 3,388,485 8,483,659 (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 41 717 1,639 Government Account Series 178,269 2,879,068 6,800,026 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 65 5,202 11,896 Other 241 4,864 9,983 Total Redemptions 178,616 3,304,223 7,850,027 Net Change in Public Debt Outstanding 4,097 84,262 633,631 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday November 25, 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) 182,713 3,388,485 8,483,659 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 (-) 181,226 2,871,630 6,853,314 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 534 1,222 Inflation-Protected Securities Increment -25 -638 -2,571 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,512 515,667 1,626,142 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 178,616 3,304,223 7,850,027 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 (-) 178,269 2,879,068 6,800,026 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 347 425,155 1,050,002 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday November 25, 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/$ 6,395,157 $ 6,393,689 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,263,199 4,260,571 4,271,301 4,216,033 Total Public Debt Outstanding 10,658,356 10,654,259 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 494 494 Unamortized Discount 53,893 53,968 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 10,589,531 10,585,359 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 Tuesday November 25, 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 $ 1,920 $ 113,759 $ 256,273 Individual Income Taxes 11 159 640 Railroad Retirement Taxes 4 275 671 Excise Taxes 119 3,013 6,858 Corporation Income Taxes 112 3,933 13,601 Federal Unemployment Taxes 2 73 735 Estate and Gift Taxes & Misc IRS Rcpts. 4 37 84 Change in Balance of Unclassified Taxes -246 223 264 Total 1,925 121,473 279,126 These Receipts were deposited in: Federal Reserve Account: Directly 86 2,047 4,368 Collector Depositaries 582 29,656 70,165 Tax and Loan Accounts 1,229 85,298 194,001 Inter-agency Transfers 29 4,472 10,592 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 138 $ 1,773 $ 1,926 Deposits: Taxes Received (Table IV) 4 35 1,190 1,229 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 0 812 812 Depositary Initiated 1 13 337 352 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 18 160 1,813 1,992 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday November 25, 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 $ 85 $ 8,915 $ 17,242 Business 820 4,328 15,358 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.