1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday November 26, 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 $ 17,355 $ 24,054 $ 43,998 $ 32,988 Supplementary Financing Prog 479,054 479,054 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,961 1,992 12,109 39,129 Total Operating Balance 498,369 505,099 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday November 26, 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) 35 263 769 Air Transport Security Fees 12 41 226 Commodity Credit Corporation programs 48 346 872 Customs and Certain Excise Taxes 105 2,693 5,906 Deposits by States: Supplemental Security Income 306 313 718 Unemployment 33 2,950 4,301 Education Department programs 67 1,053 2,277 Energy Department programs 93 387 1,051 Estate and Gift Taxes 135 2,267 4,347 Federal Reserve Earnings 260 1,333 4,941 Foreign Deposits, Military Sales 7 1,237 2,446 FTD's Received (Table IV) 3,930 35,633 78,464 Housing and Urban Development programs 1 75 309 Individual Income and Employment Taxes, Not Withheld 311 3,706 18,704 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 8 252 838 Postal Service 366 7,034 15,842 Public Debt Cash Issues (Table III-B) 669 516,336 1,626,811 Other Deposits: Fed. Crop Ins. Corp. Fund Premiums 742 841 1,224 Medicare Premiums 171 1,585 3,368 Minerals Management Svc/Collections 51 366 1,105 Thrift Savings Plan Transfer 285 1,305 5,158 Total Other Deposits 1,249 5,183 16,806 Change in Balance of Uncollected Funds (closing balance $ 9) 7 -4 55 Transfers from Depositaries 5,310 112,127 461,671 Total Federal Reserve Account 12,953 693,228 2,247,381 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,280 90,578 199,281 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 5,280 101,978 424,503 Total Deposits (excluding transfers) 12,923 671,679 1,984,990 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday November 26, 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 212 2,912 10,613 Defense Vendor Payments (EFT) 1,825 25,812 56,919 Education Department programs 0 7,688 19,934 Energy Department programs 240 2,106 5,026 Federal Employees Insurance Payments 524 4,155 9,309 Fed. Highway Administration programs 243 3,007 7,089 Federal Salaries (EFT) 240 10,475 26,662 Food and Nutrition Service (misc) 263 5,386 10,864 Food Stamps 34 295 660 GSA programs 46 1,172 2,650 Health and Human Services Grants (misc) 745 6,473 13,372 Housing and Urban Development programs 119 4,153 8,993 Interest on Treasury Securities 1 21,300 28,282 Justice Department programs 50 1,090 2,421 Labor Dept. prgms (excl. unemployment) 54 987 2,072 Medicaid 1,054 15,013 34,000 Medicare 1,910 23,193 75,314 NASA programs 32 1,297 2,546 Postal Service Money Orders and Other 118 3,106 6,906 Public Debt Cash Redemp. (Table III-B) 527 425,682 1,050,529 Social Security Benefits (EFT) 6,722 41,974 83,888 Temporary Assistance for Needy Families (HHS) 123 1,367 3,200 Transportation Security Admin. (DHS) 72 204 412 Unemployment Insurance Benefits 309 4,147 9,007 Veterans Affairs programs 93 2,167 4,791 Other Withdrawals: Customs and Borders Protection (DHS) 57 321 728 Emergency Prep & Response (DHS) 157 1,449 2,840 Federal Aviation Administration 76 582 1,343 Federal Transit Admin. 89 662 1,617 International Monetary Fund 149 3,020 3,142 IRS Tax Refunds Business (EFT) 61 2,060 7,349 Minerals Mgmt. Svc/Pmts to States 230 230 518 Pension Benefit Guaranty Corp. 363 383 768 Small Business Administration 70 425 704 State Department 212 1,682 3,132 Unclassified 2,633 48,195 97,149 Total, Other Withdrawals 4,097 173,109 382,774 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 19,653 799,670 2,083,452 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,310 112,127 461,671 Total Withdrawals (excluding transfers) 19,653 788,269 1,858,230 Net Change in Operating Cash Balance -6,730 -116,590 126,761 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday November 26, 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 -24 -662 -2,280 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 219 436 Interest Increment 0 535 1,222 Government Account Series 178,927 3,050,557 7,032,242 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 419 4,410 5,431 Other 235 4,610 9,218 Total Issues 179,572 3,568,056 8,663,230 (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 1 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 42 759 1,681 Government Account Series 189,484 3,068,551 6,989,509 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 249 5,450 12,145 Other 236 5,100 10,219 Total Redemptions 190,011 3,494,233 8,040,038 Net Change in Public Debt Outstanding -10,439 73,823 623,193 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday November 26, 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) 179,572 3,568,056 8,663,230 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 (-) 178,927 3,050,557 7,032,242 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 535 1,222 Inflation-Protected Securities Increment -24 -662 -2,595 Total Public Debt Cash Issues Deposited in Federal Reserve Account 669 516,336 1,626,811 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 190,011 3,494,233 8,040,038 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 (-) 189,484 3,068,551 6,989,509 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 527 425,682 1,050,529 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday November 26, 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/$ 6,395,808 $ 6,395,157 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,252,110 4,263,199 4,271,301 4,216,033 Total Public Debt Outstanding 10,647,918 10,658,356 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 494 494 Unamortized Discount 53,822 53,893 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 10,579,163 10,589,531 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 Wednesday November 26, 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 $ 8,761 $ 122,520 $ 265,034 Individual Income Taxes 3 163 644 Railroad Retirement Taxes 50 326 721 Excise Taxes 528 3,541 7,386 Corporation Income Taxes 87 4,020 13,688 Federal Unemployment Taxes 3 76 738 Estate and Gift Taxes & Misc IRS Rcpts. 3 39 87 Change in Balance of Unclassified Taxes -193 30 71 Total 9,243 130,716 288,369 These Receipts were deposited in: Federal Reserve Account: Directly 119 2,166 4,487 Collector Depositaries 3,812 33,467 73,977 Tax and Loan Accounts 5,280 90,578 199,281 Inter-agency Transfers 33 4,505 10,625 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 18 $ 160 $ 1,813 $ 1,992 Deposits: Taxes Received (Table IV) 7 79 5,194 5,280 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 2,793 2,793 Depositary Initiated 1 30 2,487 2,518 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 24 209 1,727 1,961 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday November 26, 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 $ 7 $ 8,922 $ 17,249 Business 100 4,428 15,458 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.