1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 09, 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 $ 47,707 $ 52,080 $ 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) 1,988 1,995 1,964 39,129 Total Operating Balance 457,819 462,198 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 09, 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) 17 126 990 Air Transport Security Fees 0 2 372 Commodity Credit Corporation programs 9 160 1,275 Customs and Certain Excise Taxes 79 477 6,501 Deposits by States: Supplemental Security Income 0 1 807 Unemployment 13 94 4,404 Education Department programs 117 513 2,808 Energy Department programs 9 121 1,235 Estate and Gift Taxes 93 713 5,262 Federal Reserve Earnings 0 726 5,667 Foreign Deposits, Military Sales 0 1,802 4,279 FTD's Received (Table IV) 538 11,368 92,532 Housing and Urban Development programs 3 7 317 Individual Income and Employment Taxes, Not Withheld 232 1,491 20,347 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 15 212 1,155 Postal Service 520 3,052 19,262 Public Debt Cash Issues (Table III-B) 330 166,973 1,920,649 Other Deposits: Deposit Insurance Fund 988 1,267 1,511 Federal Housing Admin: Note Sales 62 428 2,128 Prem-ESF Money Mkt Guar Facility 1 482 779 Thrift Savings Plan Transfer 158 558 5,766 Total Other Deposits 1,210 3,847 22,665 Change in Balance of Uncollected Funds (closing balance $ 8) 8 -4 56 Transfers from Depositaries 1,376 33,027 505,768 Total Federal Reserve Account 4,571 224,710 2,616,379 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,370 33,051 243,405 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 1,370 33,051 468,628 Total Deposits (excluding transfers) 4,565 224,734 2,354,016 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 09, 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 58 1,057 11,813 Defense Vendor Payments (EFT) 1,599 10,061 69,090 Education Department programs 506 4,634 24,814 Energy Department programs 116 652 5,838 Federal Employees Insurance Payments 310 1,294 10,886 Fed. Highway Administration programs 131 1,169 8,376 Federal Salaries (EFT) 147 3,824 33,339 Food and Nutrition Service (misc) 303 1,970 13,045 Food Stamps 21 97 765 GSA programs 19 661 3,403 Health and Human Services Grants (misc) 365 1,988 15,721 Housing and Urban Development programs 195 2,996 12,177 Interest on Treasury Securities 2 4,628 32,911 Justice Department programs 64 362 2,831 Labor Dept. prgms (excl. unemployment) 37 252 2,394 Medicaid 851 5,782 40,956 Medicare 1,047 20,665 97,430 NASA programs 90 600 3,150 Postal Service Money Orders and Other 201 1,627 8,694 Public Debt Cash Redemp. (Table III-B) 360 152,649 1,330,474 Social Security Benefits (EFT) 43 21,776 105,670 Temporary Assistance for Needy Families (HHS) 127 500 3,746 Transportation Security Admin. (DHS) 1 41 479 Unemployment Insurance Benefits 441 2,041 11,185 Veterans Affairs programs 102 942 5,888 Other Withdrawals: Deposit Insurance Fund 152 197 6,984 Emergency Prep & Response (DHS) 85 680 3,570 Federal Crop Ins. Corp. 57 337 1,691 Treasury Dept: Claims Payments 84 146 428 Unclassified 1,430 2,480 101,925 Total, Other Withdrawals 1,808 27,101 412,731 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 8,944 269,372 2,493,028 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,376 33,027 505,768 Total Withdrawals (excluding transfers) 8,944 269,372 2,267,806 Net Change in Operating Cash Balance -4,379 -44,638 86,210 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 09, 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 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 -175 -1,470 -3,799 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 124 576 Interest Increment 0 562 1,784 Government Account Series 177,077 1,237,282 8,466,885 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 14 262 5,728 Other 304 2,196 11,838 Total Issues 177,233 1,403,573 10,391,380 (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 48 359 2,071 Government Account Series 174,684 1,255,979 8,429,511 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 0 4,473 16,722 Other 313 2,186 12,778 Total Redemptions 175,044 1,408,628 9,759,985 Net Change in Public Debt Outstanding 2,189 -5,056 631,394 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 09, 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) 177,233 1,403,573 10,391,380 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 (-) 177,077 1,237,282 8,466,885 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 562 1,784 Inflation-Protected Securities Increment -175 -1,470 -4,115 Total Public Debt Cash Issues Deposited in Federal Reserve Account 330 166,973 1,920,649 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 175,044 1,408,628 9,759,985 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 (-) 174,684 1,255,979 8,429,511 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 360 152,649 1,330,474 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 09, 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/$ 6,410,735 $ 6,410,703 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,245,385 4,243,227 4,264,584 4,216,033 Total Public Debt Outstanding 10,656,119 10,653,930 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,935 50,005 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 10,591,252 10,588,993 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 Tuesday December 09, 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 $ 1,547 $ 45,076 $ 323,210 Individual Income Taxes 6 69 732 Railroad Retirement Taxes 1 75 841 Excise Taxes 58 168 9,229 Corporation Income Taxes 339 1,056 14,778 Federal Unemployment Taxes 1 13 753 Estate and Gift Taxes & Misc IRS Rcpts. 1 15 112 Change in Balance of Unclassified Taxes -16 117 235 Total 1,937 46,589 349,889 These Receipts were deposited in: Federal Reserve Account: Directly 38 466 5,471 Collector Depositaries 500 10,903 87,061 Tax and Loan Accounts 1,370 33,051 243,405 Inter-agency Transfers 28 2,169 13,952 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 139 $ 1,841 $ 1,995 Deposits: Taxes Received (Table IV) 4 27 1,339 1,370 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 0 774 774 Depositary Initiated 1 7 595 603 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 19 159 1,811 1,988 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 09, 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 $ 14 $ 245 $ 19,616 Business 638 2,031 17,666 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.