1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 08, 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 $ 52,080 $ 49,761 $ 66,385 $ 32,988 Financial Institution Accoun 4,000 4,000 0 0 Supplementary Financing Prog 404,123 404,123 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,995 1,992 1,964 39,129 Total Operating Balance 462,198 459,877 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 08, 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) 12 109 972 Air Transport Security Fees 0 2 372 Commodity Credit Corporation programs 9 151 1,265 Customs and Certain Excise Taxes 66 397 6,422 Deposits by States: Supplemental Security Income 0 1 807 Unemployment 10 80 4,390 Education Department programs 72 396 2,691 Energy Department programs 14 113 1,226 Estate and Gift Taxes 42 620 5,168 Federal Reserve Earnings 0 726 5,667 Foreign Deposits, Military Sales 18 1,802 4,279 FTD's Received (Table IV) 1,649 10,830 91,994 Housing and Urban Development programs 0 4 314 Individual Income and Employment Taxes, Not Withheld 299 1,259 20,115 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 6 197 1,140 Postal Service 459 2,532 18,742 Public Debt Cash Issues (Table III-B) 343 166,643 1,920,319 Other Deposits: Defense Finance & Accounting Service 51 190 1,637 Deposit Insurance Fund 251 279 523 Federal Housing Admin: Note Sales 125 366 2,066 Total Other Deposits 428 2,637 21,455 Change in Balance of Uncollected Funds (closing balance $ 16) -8 -11 48 Transfers from Depositaries 8,091 31,650 504,391 Total Federal Reserve Account 11,510 220,139 2,611,808 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,094 31,681 242,035 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 8,094 31,681 467,258 Total Deposits (excluding transfers) 11,513 220,169 2,349,451 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 08, 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 110 999 11,755 Defense Vendor Payments (EFT) 1,271 8,461 67,491 Education Department programs 1,059 4,128 24,308 Energy Department programs 98 536 5,721 Federal Employees Insurance Payments 122 985 10,576 Fed. Highway Administration programs 235 1,038 8,244 Federal Salaries (EFT) 173 3,676 33,192 Food and Nutrition Service (misc) 608 1,667 12,741 Food Stamps 14 76 744 GSA programs 36 643 3,384 Health and Human Services Grants (misc) 225 1,623 15,356 Housing and Urban Development programs 88 2,802 11,982 Interest on Treasury Securities 2 4,626 32,910 Justice Department programs 53 299 2,768 Labor Dept. prgms (excl. unemployment) 50 216 2,357 Medicaid 438 4,931 40,104 Medicare 1,104 19,618 96,383 NASA programs 128 510 3,060 Postal Service Money Orders and Other 227 1,427 8,494 Public Debt Cash Redemp. (Table III-B) 377 152,289 1,330,114 Social Security Benefits (EFT) 52 21,734 105,628 Temporary Assistance for Needy Families (HHS) 33 374 3,619 Transportation Security Admin. (DHS) 11 40 478 Unemployment Insurance Benefits 296 1,600 10,744 Veterans Affairs programs 168 840 5,785 Other Withdrawals: Commerce Programs 105 215 1,299 Emergency Prep & Response (DHS) 130 596 3,485 Federal Aviation Administration 55 239 1,645 Federal Transit Admin. 133 301 1,984 Thrift Savings Plan Transfer 123 626 3,711 U.S. District Courts (net) -50 -96 -537 Unclassified 1,716 1,050 100,495 Total, Other Withdrawals 2,213 25,293 410,922 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 9,192 260,428 2,484,085 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,091 31,650 504,391 Total Withdrawals (excluding transfers) 9,192 260,428 2,258,862 Net Change in Operating Cash Balance 2,321 -40,259 90,589 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 08, 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 98,276 921,980 Cash Management Series 0 0 740,001 Notes 0 66,340 233,128 Bonds 0 0 11,772 Inflation-Protected Securities Increment -523 -1,295 -3,624 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 112 564 Interest Increment 1 562 1,784 Government Account Series 175,453 1,060,205 8,289,808 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 19 247 5,713 Other 309 1,892 11,534 Total Issues 175,274 1,226,339 10,214,146 (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 0 121,293 1,171,101 Notes 0 24,338 127,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 57 311 2,023 Government Account Series 174,238 1,081,295 8,254,827 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 5 4,473 16,722 Other 315 1,873 12,465 Total Redemptions 174,615 1,233,584 9,584,941 Net Change in Public Debt Outstanding 659 -7,245 629,205 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 08, 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) 175,274 1,226,339 10,214,146 Premium on New Issues 0 0 1,777 Discount on New Issues: Bills (-) 0 66 5,290 Bonds and Notes (-) 0 159 2,201 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 175,453 1,060,205 8,289,808 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 1 562 1,784 Inflation-Protected Securities Increment -523 -1,295 -3,940 Total Public Debt Cash Issues Deposited in Federal Reserve Account 343 166,643 1,920,319 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 174,615 1,233,584 9,584,941 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 (-) 174,238 1,081,295 8,254,827 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 377 152,289 1,330,114 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 08, 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/$ 6,410,703 $ 6,411,463 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,243,227 4,241,808 4,264,584 4,216,033 Total Public Debt Outstanding 10,653,930 10,653,271 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 50,005 50,220 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 10,588,993 10,588,118 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 $404,123 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 08, 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 $ 9,516 $ 43,529 $ 321,663 Individual Income Taxes 18 63 727 Railroad Retirement Taxes 32 75 840 Excise Taxes 42 110 9,171 Corporation Income Taxes 120 717 14,439 Federal Unemployment Taxes 2 11 752 Estate and Gift Taxes & Misc IRS Rcpts. 3 14 111 Change in Balance of Unclassified Taxes 21 133 251 Total 9,755 44,652 347,952 These Receipts were deposited in: Federal Reserve Account: Directly 36 427 5,433 Collector Depositaries 1,613 10,403 86,561 Tax and Loan Accounts 8,094 31,681 242,035 Inter-agency Transfers 13 2,141 13,924 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 11 $ 110 $ 1,871 $ 1,992 Deposits: Taxes Received (Table IV) 4 39 8,051 8,094 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 5,403 5,403 Depositary Initiated 1 9 2,678 2,688 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 15 139 1,841 1,995 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 08, 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 $ 12 $ 231 $ 19,602 Business 237 1,393 17,028 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.