1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 01, 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 $ 75,691 $ 66,385 $ 66,385 $ 32,988 Financial Institution Account 2,000 0 0 0 Supplementary Financing Program 434,107 434,107 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,899 1,964 1,964 39,129 Total Operating Balance 513,698 502,456 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 01, 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) 33 33 897 Air Transport Security Fees 1 1 371 Commodity Credit Corporation programs 43 43 1,158 Customs and Certain Excise Taxes 75 75 6,100 Deposits by States: Supplemental Security Income 0 0 806 Unemployment 23 23 4,333 Education Department programs 85 85 2,380 Energy Department programs 52 52 1,165 Estate and Gift Taxes 53 53 4,602 Federal Reserve Earnings 0 0 4,941 Foreign Deposits, Military Sales 1,493 1,493 3,970 FTD's Received (Table IV) 2,320 2,320 83,483 Housing and Urban Development programs 1 1 311 Individual Income and Employment Taxes, Not Withheld 143 143 18,999 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 38 38 981 Postal Service 333 333 16,543 Public Debt Cash Issues (Table III-B) 66,591 66,591 1,820,267 Other Deposits: Export-Import Bank 57 57 364 Fed. Crop Ins. Corp. Fund Premiums 53 53 3,043 Medicare Premiums 58 58 3,455 Minerals Management Svc/Collections 259 259 1,432 Natl Railroad Retirement Inv Trust 187 187 291 Prem-ESF Money Mkt Guar Facility 18 18 315 Prepayment of Treasury Securities 66 66 2,991 TARP 115 115 115 Thrift Savings Plan Transfer 59 59 5,267 Total Other Deposits 870 870 19,688 Change in Balance of Uncollected Funds (closing balance $ 5) 0 0 59 Transfers from Depositaries 11,384 11,384 484,125 Total Federal Reserve Account 83,537 83,537 2,475,207 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,319 11,319 221,673 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 11,319 11,319 446,896 Total Deposits (excluding transfers) 83,472 83,472 2,212,755 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 01, 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 146 146 10,902 Defense Vendor Payments (EFT) 804 804 59,833 Education Department programs 195 195 20,375 Energy Department programs 60 60 5,246 Federal Employees Insurance Payments 109 109 9,701 Fed. Highway Administration programs 259 259 7,465 Federal Salaries (EFT) 1,746 1,746 31,261 Food and Nutrition Service (misc) 117 117 11,192 Food Stamps 23 23 692 GSA programs 371 371 3,113 Health and Human Services Grants (misc) 138 138 13,871 Housing and Urban Development programs 941 941 10,122 Interest on Treasury Securities 4,619 4,619 32,903 Justice Department programs 11 11 2,480 Labor Dept. prgms (excl. unemployment) 36 36 2,177 Medicaid 1,017 1,017 36,190 Medicare 12,735 12,735 89,500 NASA programs 0 0 2,550 Postal Service Money Orders and Other 449 449 7,516 Public Debt Cash Redemp. (Table III-B) 29,098 29,098 1,206,923 Social Security Benefits (EFT) 175 175 84,069 Temporary Assistance for Needy Families (HHS) 110 110 3,355 Transportation Security Admin. (DHS) 0 0 439 Unemployment Insurance Benefits 243 243 9,387 Veterans Affairs programs 179 179 5,125 Other Withdrawals: Civil Service Retirement (EFT) 4,232 4,232 12,719 Federal Crop Ins. Corp. 57 57 1,411 Military Active Duty Pay (EFT) 3,537 3,537 16,007 Military Retirement (EFT) 3,513 3,513 10,520 Prepayment of Treasury Securities 83 83 3,040 Railroad Retirement (EFT) 792 792 2,372 State Department 216 216 3,355 Supple. Security Income Benefits (EFT) 2,146 2,146 6,410 U.S. District Courts (net) 50 50 -391 Veterans Benefits (EFT) 2,764 2,764 8,263 Unclassified 1,260 1,260 100,705 Total, Other Withdrawals 18,650 18,650 404,279 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 72,231 72,231 2,295,888 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,384 11,384 484,125 Total Withdrawals (excluding transfers) 72,231 72,231 2,070,665 Net Change in Operating Cash Balance 11,241 11,241 142,089 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 01, 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 0 823,704 Cash Management Series 0 0 740,001 Notes 66,342 66,342 233,130 Bonds 0 0 11,772 Inflation-Protected Securities Increment -74 -74 -2,403 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 28 28 480 Interest Increment 561 561 1,783 Government Account Series 173,619 173,619 7,403,221 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 89 89 5,555 Other 290 290 9,932 Total Issues 240,855 240,855 9,228,662 (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 0 1,049,808 Notes 24,338 24,338 127,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 58 58 1,769 Government Account Series 191,796 191,796 7,365,328 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 4,408 4,408 16,657 Other 294 294 10,886 Total Redemptions 220,894 220,894 8,572,251 Net Change in Public Debt Outstanding 19,961 19,961 656,411 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 01, 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) 240,855 240,855 9,228,662 Premium on New Issues 0 0 1,777 Discount on New Issues: Bills (-) 0 0 5,224 Bonds and Notes (-) 159 159 2,201 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 173,619 173,619 7,403,221 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 561 561 1,783 Inflation-Protected Securities Increment -74 -74 -2,719 Total Public Debt Cash Issues Deposited in Federal Reserve Account 66,591 66,591 1,820,267 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 220,894 220,894 8,572,251 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 (-) 191,796 191,796 7,365,328 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 29,098 29,098 1,206,923 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 01, 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/$ 6,434,879 $ 6,396,591 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,246,257 4,264,584 4,264,584 4,216,033 Total Public Debt Outstanding 10,681,136 10,661,175 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 50,444 50,518 50,518 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 10,615,759 10,595,725 10,595,725 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 $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 Monday December 01, 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 $ 13,846 $ 13,846 $ 291,980 Individual Income Taxes 11 11 675 Railroad Retirement Taxes 28 28 793 Excise Taxes 27 27 9,088 Corporation Income Taxes 259 259 13,981 Federal Unemployment Taxes 1 1 742 Estate and Gift Taxes & Misc IRS Rcpts. 4 4 100 Change in Balance of Unclassified Taxes -14 -14 104 Total 14,162 14,162 317,463 These Receipts were deposited in: Federal Reserve Account: Directly 163 163 5,168 Collector Depositaries 2,157 2,157 78,315 Tax and Loan Accounts 11,319 11,319 221,673 Inter-agency Transfers 523 523 12,306 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 29 $ 245 $ 1,690 $ 1,964 Deposits: Taxes Received (Table IV) 3 32 11,284 11,319 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 8,602 8,602 Depositary Initiated 1 17 2,765 2,782 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 32 260 1,607 1,899 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 01, 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 $ 7 $ 19,378 Business 22 22 15,657 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.