1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 10, 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 $ 41,646 $ 47,707 $ 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) 1,711 1,988 1,964 39,129 Total Operating Balance 451,480 457,819 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 10, 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) 25 151 1,015 Air Transport Security Fees 0 3 373 Commodity Credit Corporation programs 14 174 1,288 Customs and Certain Excise Taxes 81 557 6,582 Deposits by States: Supplemental Security Income 0 2 807 Unemployment 11 104 4,414 Education Department programs 46 558 2,854 Energy Department programs 17 138 1,251 Estate and Gift Taxes 91 803 5,352 Federal Reserve Earnings 622 1,348 6,289 Foreign Deposits, Military Sales 17 1,818 4,295 FTD's Received (Table IV) 3,153 14,521 95,685 Housing and Urban Development programs 1 8 318 Individual Income and Employment Taxes, Not Withheld 424 1,915 20,771 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 11 223 1,166 Postal Service 380 3,432 19,642 Public Debt Cash Issues (Table III-B) 387 167,360 1,921,036 Other Deposits: Thrift Savings Plan Transfer 138 696 5,904 Total Other Deposits 138 3,985 22,803 Change in Balance of Uncollected Funds (closing balance $ 6) 2 -1 58 Transfers from Depositaries 3,995 37,021 509,763 Total Federal Reserve Account 9,412 234,122 2,625,791 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,718 36,769 247,123 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 3,718 36,769 472,345 Total Deposits (excluding transfers) 9,135 233,869 2,363,151 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 10, 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 86 1,143 11,899 Defense Vendor Payments (EFT) 1,300 11,361 70,390 Education Department programs 380 5,015 25,194 Energy Department programs 89 741 5,926 Federal Employees Insurance Payments 390 1,685 11,276 Fed. Highway Administration programs 121 1,291 8,497 Federal Salaries (EFT) 274 4,098 33,613 Food and Nutrition Service (misc) 286 2,256 13,331 Food Stamps 5 102 771 GSA programs 45 706 3,448 Health and Human Services Grants (misc) 257 2,245 15,978 Housing and Urban Development programs 135 3,131 12,311 Interest on Treasury Securities 2 4,629 32,913 Justice Department programs 59 422 2,891 Labor Dept. prgms (excl. unemployment) 58 311 2,452 Medicaid 1,145 6,927 42,101 Medicare 1,520 22,185 98,950 NASA programs 42 642 3,192 Postal Service Money Orders and Other 167 1,795 8,862 Public Debt Cash Redemp. (Table III-B) 356 153,005 1,330,831 Social Security Benefits (EFT) 6,838 28,615 112,509 Temporary Assistance for Needy Families (HHS) 18 518 3,764 Transportation Security Admin. (DHS) 6 47 485 Unemployment Insurance Benefits 337 2,378 11,522 Veterans Affairs programs 93 1,035 5,981 Other Withdrawals: Emergency Prep & Response (DHS) 114 794 3,684 Unclassified 1,348 3,828 103,274 Total, Other Withdrawals 1,462 28,564 414,193 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 15,473 284,845 2,508,502 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,995 37,021 509,763 Total Withdrawals (excluding transfers) 15,473 284,845 2,283,279 Net Change in Operating Cash Balance -6,339 -50,976 79,872 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 10, 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 -1,644 -3,974 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 139 591 Interest Increment 0 562 1,785 Government Account Series 173,683 1,410,966 8,640,568 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 76 338 5,803 Other 296 2,492 12,133 Total Issues 173,896 1,577,468 10,565,275 (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 50 409 2,121 Government Account Series 181,218 1,437,197 8,610,729 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 306 2,492 13,084 Total Redemptions 181,574 1,590,202 9,941,559 Net Change in Public Debt Outstanding -7,678 -12,734 623,716 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 10, 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) 173,896 1,577,468 10,565,275 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 (-) 173,683 1,410,966 8,640,568 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 562 1,785 Inflation-Protected Securities Increment -175 -1,644 -4,289 Total Public Debt Cash Issues Deposited in Federal Reserve Account 387 167,360 1,921,036 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 181,574 1,590,202 9,941,559 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 (-) 181,218 1,437,197 8,610,729 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 356 153,005 1,330,831 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 10, 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/$ 6,410,822 $ 6,410,735 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,237,618 4,245,385 4,264,584 4,216,033 Total Public Debt Outstanding 10,648,441 10,656,119 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,865 49,935 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 10,583,644 10,591,252 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 Wednesday December 10, 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 $ 6,183 $ 51,259 $ 329,393 Individual Income Taxes 1 70 733 Railroad Retirement Taxes 3 79 844 Excise Taxes 454 622 9,683 Corporation Income Taxes 266 1,322 15,044 Federal Unemployment Taxes 2 15 755 Estate and Gift Taxes & Misc IRS Rcpts. 1 16 113 Change in Balance of Unclassified Taxes -24 93 211 Total 6,887 53,475 356,776 These Receipts were deposited in: Federal Reserve Account: Directly 86 552 5,557 Collector Depositaries 3,066 13,969 90,127 Tax and Loan Accounts 3,718 36,769 247,123 Inter-agency Transfers 16 2,186 13,969 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 19 $ 159 $ 1,811 $ 1,988 Deposits: Taxes Received (Table IV) 6 54 3,657 3,718 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 19 159 1,647 1,824 Depositary Initiated 0 4 2,166 2,171 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 6 50 1,655 1,711 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 10, 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 $ 17 $ 262 $ 19,633 Business 37 2,047 17,682 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.