1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 03, 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 $ 57,345 $ 77,800 $ 66,385 $ 32,988 Financial Institution Account 4,000 4,000 0 0 Supplementary Financing Program 434,107 434,107 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,580 1,836 1,964 39,129 Total Operating Balance 497,032 517,743 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 03, 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) 9 64 927 Air Transport Security Fees 1 2 372 Commodity Credit Corporation programs 19 73 1,188 Customs and Certain Excise Taxes 83 219 6,244 Deposits by States: Supplemental Security Income 0 0 806 Unemployment 23 67 4,377 Education Department programs 105 251 2,546 Energy Department programs 10 74 1,187 Estate and Gift Taxes 178 331 4,880 Federal Reserve Earnings 726 726 5,667 Foreign Deposits, Military Sales 92 1,680 4,157 FTD's Received (Table IV) 3,842 7,183 88,347 Housing and Urban Development programs 0 3 312 Individual Income and Employment Taxes, Not Withheld 243 619 19,475 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 105 156 1,098 Postal Service 435 1,252 17,462 Public Debt Cash Issues (Table III-B) 354 67,270 1,820,946 Other Deposits: Medicare Premiums 73 154 3,551 Prem-ESF Money Mkt Guar Facility 135 162 460 Total Other Deposits 208 1,189 20,007 Change in Balance of Uncollected Funds (closing balance $ 6) 1 -1 59 Transfers from Depositaries 4,078 19,061 491,802 Total Federal Reserve Account 10,512 100,217 2,491,887 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,823 18,677 229,031 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 3,823 18,677 454,254 Total Deposits (excluding transfers) 10,257 99,834 2,229,116 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 03, 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 213 553 11,309 Defense Vendor Payments (EFT) 1,383 4,203 63,232 Education Department programs 389 1,502 21,682 Energy Department programs 47 229 5,414 Federal Employees Insurance Payments 142 540 10,132 Fed. Highway Administration programs 189 581 7,787 Federal Salaries (EFT) 260 2,701 32,216 Food and Nutrition Service (misc) 228 591 11,665 Food Stamps 17 45 714 GSA programs 51 517 3,259 Health and Human Services Grants (misc) 266 787 14,520 Housing and Urban Development programs 192 2,444 11,625 Interest on Treasury Securities 1 4,622 32,905 Justice Department programs 57 105 2,574 Labor Dept. prgms (excl. unemployment) 35 100 2,241 Medicaid 634 2,228 37,401 Medicare 1,541 16,026 92,791 NASA programs 75 244 2,794 Postal Service Money Orders and Other 167 858 7,925 Public Debt Cash Redemp. (Table III-B) 334 29,793 1,207,618 Social Security Benefits (EFT) 21,383 21,589 105,483 Temporary Assistance for Needy Families (HHS) 45 256 3,501 Transportation Security Admin. (DHS) 9 19 458 Unemployment Insurance Benefits 316 953 10,096 Veterans Affairs programs 86 337 5,283 Other Withdrawals: Emergency Prep & Response (DHS) 158 222 3,111 Thrift Savings Plan Transfer 435 471 3,556 U.S. District Courts (net) 100 150 -291 USDA: Forest Service 91 93 444 Unclassified 2,124 -5,616 93,829 Total, Other Withdrawals 2,909 13,436 399,065 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 30,967 105,258 2,328,915 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 4,078 19,061 491,802 Total Withdrawals (excluding transfers) 30,967 105,258 2,103,692 Net Change in Operating Cash Balance -20,711 -5,424 125,424 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 03, 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 -1 823,703 Cash Management Series 0 0 740,001 Notes -2 66,340 233,129 Bonds 0 0 11,772 Inflation-Protected Securities Increment -174 -423 -2,752 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 69 521 Interest Increment 0 561 1,784 Government Account Series 185,904 536,419 7,766,022 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 65 169 5,635 Other 279 851 10,492 Total Issues 186,084 603,986 9,591,793 (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 53 161 1,872 Government Account Series 194,984 559,435 7,732,967 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 1 4,435 16,684 Other 280 859 11,451 Total Redemptions 195,317 589,228 8,940,585 Net Change in Public Debt Outstanding -9,234 14,758 651,208 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 03, 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) 186,084 603,986 9,591,793 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 (-) 185,904 536,419 7,766,022 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 561 1,784 Inflation-Protected Securities Increment -174 -423 -3,068 Total Public Debt Cash Issues Deposited in Federal Reserve Account 354 67,270 1,820,946 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 195,317 589,228 8,940,585 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 (-) 194,984 559,435 7,732,967 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 334 29,793 1,207,618 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 03, 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/$ 6,434,553 $ 6,435,079 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,241,380 4,250,088 4,264,584 4,216,033 Total Public Debt Outstanding 10,675,933 10,685,167 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 50,298 50,371 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 10,610,702 10,619,863 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 Wednesday December 03, 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 $ 7,705 $ 26,762 $ 304,896 Individual Income Taxes 7 30 693 Railroad Retirement Taxes 2 34 799 Excise Taxes 7 43 9,104 Corporation Income Taxes 135 481 14,203 Federal Unemployment Taxes 2 5 745 Estate and Gift Taxes & Misc IRS Rcpts. 5 8 105 Change in Balance of Unclassified Taxes 10 26 144 Total 7,874 27,390 330,690 These Receipts were deposited in: Federal Reserve Account: Directly 58 320 5,325 Collector Depositaries 3,784 6,864 83,022 Tax and Loan Accounts 3,823 18,677 229,031 Inter-agency Transfers 210 1,529 13,312 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 34 $ 276 $ 1,525 $ 1,836 Deposits: Taxes Received (Table IV) 6 60 3,756 3,823 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 34 276 1,399 1,709 Depositary Initiated 0 6 2,363 2,369 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 6 55 1,520 1,580 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 03, 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 $ 22 $ 28 $ 19,399 Business 75 1,004 16,639 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.