1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 02, 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 $ 77,800 $ 75,691 $ 66,385 $ 32,988 Financial Institution Account 4,000 2,000 0 0 Supplementary Financing Program 434,107 434,107 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,836 1,899 1,964 39,129 Total Operating Balance 517,743 513,698 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 02, 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) 21 55 918 Air Transport Security Fees 0 1 371 Commodity Credit Corporation programs 11 54 1,169 Customs and Certain Excise Taxes 61 136 6,160 Deposits by States: Supplemental Security Income 0 0 806 Unemployment 20 44 4,354 Education Department programs 60 145 2,441 Energy Department programs 12 64 1,177 Estate and Gift Taxes 100 153 4,702 Federal Reserve Earnings 0 0 4,941 Foreign Deposits, Military Sales 95 1,588 4,065 FTD's Received (Table IV) 1,022 3,342 84,505 Housing and Urban Development programs 1 2 312 Individual Income and Employment Taxes, Not Withheld 233 376 19,232 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 13 51 993 Postal Service 485 817 17,028 Public Debt Cash Issues (Table III-B) 325 66,916 1,820,592 Other Deposits: Prem-ESF Money Mkt Guar Facility 9 27 325 Thrift Savings Plan Transfer 101 160 5,367 Total Other Deposits 110 980 19,798 Change in Balance of Uncollected Funds (closing balance $ 6) -1 -1 58 Transfers from Depositaries 3,599 14,983 487,724 Total Federal Reserve Account 6,168 89,705 2,481,375 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,535 14,855 225,209 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 3,535 14,855 450,431 Total Deposits (excluding transfers) 6,105 89,577 2,218,859 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 02, 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 194 340 11,096 Defense Vendor Payments (EFT) 2,016 2,820 61,849 Education Department programs 919 1,114 21,293 Energy Department programs 121 181 5,366 Federal Employees Insurance Payments 289 398 9,990 Fed. Highway Administration programs 133 392 7,598 Federal Salaries (EFT) 695 2,442 31,957 Food and Nutrition Service (misc) 246 363 11,438 Food Stamps 5 29 697 GSA programs 95 466 3,207 Health and Human Services Grants (misc) 383 521 14,254 Housing and Urban Development programs 1,312 2,253 11,433 Interest on Treasury Securities 2 4,621 32,904 Justice Department programs 36 48 2,517 Labor Dept. prgms (excl. unemployment) 29 65 2,207 Medicaid 577 1,594 36,767 Medicare 1,751 14,486 91,250 NASA programs 169 169 2,719 Postal Service Money Orders and Other 242 691 7,758 Public Debt Cash Redemp. (Table III-B) 362 29,459 1,207,284 Social Security Benefits (EFT) 30 205 84,099 Temporary Assistance for Needy Families (HHS) 101 211 3,456 Transportation Security Admin. (DHS) 9 10 448 Unemployment Insurance Benefits 393 637 9,780 Veterans Affairs programs 72 251 5,197 Other Withdrawals: Agency for Internat'l Development 56 67 2,344 Federal Transit Admin. 63 66 1,749 IRS Tax Refunds Business (EFT) 645 640 8,123 Supple. Security Income Benefits (EFT) 56 2,202 6,466 Treasury Dept: Claims Payments 57 57 339 Unclassified 1/ -8,999 -7,740 91,705 Total, Other Withdrawals -8,122 10,527 396,156 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 2,059 74,290 2,297,947 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,599 14,983 487,724 Total Withdrawals (excluding transfers) 2,059 74,290 2,072,724 Net Change in Operating Cash Balance 4,045 15,287 146,135 1/Includes the temporary withdrawal of $10.6 billion in excess funds from the MBS purchase program. These funds are expected to be returned by December 11, 2008. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 02, 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 -1 -1 823,703 Cash Management Series 0 0 740,001 Notes 0 66,342 233,130 Bonds 0 0 11,772 Inflation-Protected Securities Increment -175 -248 -2,578 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 29 57 509 Interest Increment 0 561 1,783 Government Account Series 176,896 350,515 7,580,118 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 15 105 5,570 Other 282 572 10,214 Total Issues 177,047 417,902 9,405,709 (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 0 24,338 127,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 108 1,819 Government Account Series 172,655 364,451 7,537,983 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 26 4,434 16,683 Other 285 579 11,171 Total Redemptions 173,017 393,911 8,745,268 Net Change in Public Debt Outstanding 4,031 23,992 660,442 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 02, 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) 177,047 417,902 9,405,709 Premium on New Issues 0 0 1,777 Discount on New Issues: Bills (-) 0 0 5,224 Bonds and Notes (-) 0 159 2,201 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 176,896 350,515 7,580,118 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 561 1,783 Inflation-Protected Securities Increment -175 -248 -2,893 Total Public Debt Cash Issues Deposited in Federal Reserve Account 325 66,916 1,820,592 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 173,017 393,911 8,745,268 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 (-) 172,655 364,451 7,537,983 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 362 29,459 1,207,284 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 02, 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/$ 6,435,079 $ 6,434,879 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,250,088 4,246,257 4,264,584 4,216,033 Total Public Debt Outstanding 10,685,167 10,681,136 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 50,371 50,444 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 10,619,863 10,615,759 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). 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 Tuesday December 02, 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 $ 5,211 $ 19,057 $ 297,190 Individual Income Taxes 11 23 686 Railroad Retirement Taxes 4 32 797 Excise Taxes 9 36 9,097 Corporation Income Taxes 87 346 14,067 Federal Unemployment Taxes 1 3 743 Estate and Gift Taxes & Misc IRS Rcpts. -1 3 100 Change in Balance of Unclassified Taxes 31 17 135 Total 5,354 19,516 322,816 These Receipts were deposited in: Federal Reserve Account: Directly 99 262 5,267 Collector Depositaries 923 3,080 79,238 Tax and Loan Accounts 3,535 14,855 225,209 Inter-agency Transfers 796 1,319 13,102 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 32 $ 260 $ 1,607 $ 1,899 Deposits: Taxes Received (Table IV) 4 32 3,499 3,535 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 1,909 1,909 Depositary Initiated 1 17 1,673 1,690 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 34 276 1,525 1,836 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 02, 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 $ -1 $ 6 $ 19,377 Business 912 928 16,564 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.