1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday November 28, 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 $ 66,385 $ 17,355 $ 43,998 $ 32,988 Supplementary Financing Prog 434,107 479,054 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,964 1,961 12,109 39,129 Total Operating Balance 502,456 498,369 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday November 28, 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) 94 357 863 Air Transport Security Fees 144 185 370 Commodity Credit Corporation programs 243 589 1,115 Customs and Certain Excise Taxes 119 2,812 6,024 Deposits by States: Supplemental Security Income 87 400 805 Unemployment 9 2,958 4,310 Education Department programs 18 1,072 2,295 Energy Department programs 62 450 1,113 Estate and Gift Taxes 202 2,470 4,549 Federal Reserve Earnings 0 1,333 4,941 Foreign Deposits, Military Sales 31 1,269 2,477 FTD's Received (Table IV) 2,700 38,333 81,164 Housing and Urban Development programs 1 76 310 Individual Income and Employment Taxes, Not Withheld 152 3,858 18,856 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 105 357 942 Postal Service 368 7,403 16,210 Public Debt Cash Issues (Table III-B) 126,866 643,201 1,753,676 Other Deposits: Fed. Crop Ins. Corp. Fund Premiums 1,766 2,607 2,990 Minerals Management Svc/Collections 67 434 1,172 Prepayment of Treasury Securities 179 883 2,925 Total Other Deposits 2,012 7,196 18,818 Change in Balance of Uncollected Funds (closing balance $ 5) 5 1 59 Transfers from Depositaries 11,070 123,197 472,741 Total Federal Reserve Account 144,289 837,517 2,391,670 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,073 101,651 210,354 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 11,073 113,052 435,577 Total Deposits (excluding transfers) 144,292 815,971 2,129,282 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday November 28, 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 143 3,055 10,756 Defense Vendor Payments (EFT) 2,111 27,922 59,029 Education Department programs 246 7,934 20,180 Energy Department programs 159 2,265 5,185 Federal Employees Insurance Payments 282 4,437 9,591 Fed. Highway Administration programs 117 3,124 7,206 Federal Salaries (EFT) 2,853 13,328 29,515 Food and Nutrition Service (misc) 211 5,597 11,074 Food Stamps 8 303 669 GSA programs 91 1,263 2,742 Health and Human Services Grants (misc) 361 6,834 13,733 Housing and Urban Development programs 187 4,341 9,181 Interest on Treasury Securities 2 21,302 28,284 Justice Department programs 48 1,139 2,469 Labor Dept. prgms (excl. unemployment) 70 1,057 2,141 Medicaid 1,173 16,186 35,174 Medicare 1,451 24,644 76,765 NASA programs 4 1,301 2,550 Postal Service Money Orders and Other 161 3,267 7,067 Public Debt Cash Redemp. (Table III-B) 127,297 552,979 1,177,825 Social Security Benefits (EFT) 6 41,981 83,894 Temporary Assistance for Needy Families (HHS) 46 1,413 3,246 Transportation Security Admin. (DHS) 27 231 439 Unemployment Insurance Benefits 137 4,284 9,144 Veterans Affairs programs 155 2,322 4,946 Other Withdrawals: Agency for Internat'l Development 52 1,116 2,278 Agriculture 52 805 1,554 Centers for Disease Control 67 388 868 Emergency Prep & Response (DHS) 50 1,499 2,889 Federal Aviation Administration 64 646 1,407 Federal Crop Ins. Corp. 70 670 1,354 Federal Transit Admin. 66 728 1,683 IRS Tax Refunds Business (EFT) 139 2,194 7,483 IRS Tax Refunds Individual (EFT) 1/ 112 1,262 4,165 Prepayment of Treasury Securities 190 865 2,958 Thrift Savings Plan Transfer 162 1,749 3,085 U.S. District Courts (net) -467 -450 -441 Unclassified 2,296 50,491 99,445 Total, Other Withdrawals 2,855 175,964 385,629 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 140,204 939,874 2,223,657 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,070 123,197 472,741 Total Withdrawals (excluding transfers) 140,204 928,474 1,998,434 Net Change in Operating Cash Balance 4,088 -112,502 130,848 1/Includes $18 million in Economic Stimulus Payments (EFT). 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday November 28, 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 91,790 390,416 823,705 Cash Management Series 35,000 180,001 740,001 Notes 0 52,989 166,788 Bonds 0 11,772 11,772 Inflation-Protected Securities Increment -50 -712 -2,329 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 235 452 Interest Increment 0 535 1,222 Government Account Series 197,361 3,247,918 7,229,602 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 35 4,445 5,466 Other 424 5,034 9,641 Total Issues 324,576 3,892,633 8,987,807 (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 126,788 476,446 1,049,808 Notes 0 64,714 103,438 Bonds 0 1 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 31 790 1,712 Government Account Series 184,023 3,252,574 7,173,532 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 104 5,554 12,249 Other 373 5,473 10,592 Total Redemptions 311,319 3,805,552 8,351,357 Net Change in Public Debt Outstanding 13,257 87,080 636,450 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday November 28, 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) 324,576 3,892,633 8,987,807 Premium on New Issues 0 371 1,777 Discount on New Issues: Bills (-) 400 1,955 5,224 Bonds and Notes (-) 0 107 2,042 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 197,361 3,247,918 7,229,602 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 535 1,222 Inflation-Protected Securities Increment -50 -712 -2,645 Total Public Debt Cash Issues Deposited in Federal Reserve Account 126,866 643,201 1,753,676 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 311,319 3,805,552 8,351,357 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 (-) 184,023 3,252,574 7,173,532 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 127,297 552,979 1,177,825 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday November 28, 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/$ 6,396,591 $ 6,395,808 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,264,584 4,252,110 4,271,301 4,216,033 Total Public Debt Outstanding 10,661,175 10,647,918 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 494 494 Unamortized Discount 50,518 53,822 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 10,595,725 10,579,163 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 $434,107 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 28, 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 $ 13,100 $ 135,620 $ 278,134 Individual Income Taxes 20 183 664 Railroad Retirement Taxes 44 370 765 Excise Taxes 1,675 5,216 9,061 Corporation Income Taxes 34 4,054 13,722 Federal Unemployment Taxes 2 78 740 Estate and Gift Taxes & Misc IRS Rcpts. 10 50 97 Change in Balance of Unclassified Taxes 47 77 118 Total 14,931 145,647 303,300 These Receipts were deposited in: Federal Reserve Account: Directly 519 2,684 5,005 Collector Depositaries 2,182 35,649 76,158 Tax and Loan Accounts 11,073 101,651 210,354 Inter-agency Transfers 1,158 5,663 11,783 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 24 $ 209 $ 1,727 $ 1,961 Deposits: Taxes Received (Table IV) 6 71 10,996 11,073 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 7,568 7,568 Depositary Initiated 2 35 3,466 3,503 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 29 245 1,690 1,964 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday November 28, 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/$ 2,123 4/$ 11,045 4/$ 19,371 Business 182 4,605 15,635 3/Includes $238 million for payments issued in accordance with provisions of the Economic Stimulus Act of 2008 (PL 110-185). 4/Does not include $69 mil offset by FMS for MTD & $118 mil for the fiscal YT D for TOP against Tax Refunds issued. Also includes $1,071 mil MTD & $2,020 mil YTD Stimulus Payments issued with provisions of the Economic Act of 20 08 (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.