1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 12, 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 $ 46,964 $ 48,819 $ 66,385 $ 32,988 Financial Institution Accoun 2,000 2,000 0 0 Supplementary Financing Prog 364,177 364,177 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,971 2,015 1,964 39,129 Total Operating Balance 415,112 417,011 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 12, 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) 14 195 1,059 Air Transport Security Fees 0 4 374 Commodity Credit Corporation programs 17 205 1,319 Customs and Certain Excise Taxes 104 732 6,756 Deposits by States: Supplemental Security Income 0 2 807 Unemployment 10 123 4,433 Education Department programs 196 780 3,075 Energy Department programs 6 161 1,275 Estate and Gift Taxes 40 934 5,482 Federal Reserve Earnings 0 1,348 6,289 Foreign Deposits, Military Sales 60 1,893 4,370 FTD's Received (Table IV) 2,998 18,397 99,561 Housing and Urban Development programs 1 30 339 Individual Income and Employment Taxes, Not Withheld 237 2,349 21,205 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 11 240 1,182 Postal Service 365 4,172 20,383 Public Debt Cash Issues (Table III-B) 346 274,672 2,028,348 Other Deposits: Thrift Savings Plan Transfer 50 748 5,956 Total Other Deposits 50 4,210 23,028 Change in Balance of Uncollected Funds (closing balance $ 8) 2 -3 56 Transfers from Depositaries 8,149 47,305 520,046 Total Federal Reserve Account 12,605 357,746 2,749,415 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,105 47,312 257,666 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 8,105 47,312 482,888 Total Deposits (excluding transfers) 12,562 357,753 2,487,035 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 12, 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 37 1,253 12,009 Defense Vendor Payments (EFT) 2,103 15,035 74,064 Education Department programs 325 5,658 25,838 Energy Department programs 108 979 6,164 Federal Employees Insurance Payments 182 2,210 11,802 Fed. Highway Administration programs 111 1,533 8,740 Federal Salaries (EFT) 2,875 7,093 36,608 Food and Nutrition Service (misc) 268 2,792 13,866 Food Stamps 15 130 799 GSA programs 27 803 3,545 Health and Human Services Grants (misc) 346 2,976 16,709 Housing and Urban Development programs 110 3,269 12,450 Interest on Treasury Securities 2 4,632 32,916 Justice Department programs 67 531 3,000 Labor Dept. prgms (excl. unemployment) 75 419 2,561 Medicaid 1,210 9,323 44,497 Medicare 891 24,031 100,796 NASA programs 54 784 3,334 Postal Service Money Orders and Other 171 2,095 9,162 Public Debt Cash Redemp. (Table III-B) 428 280,316 1,458,141 Social Security Benefits (EFT) 56 28,729 112,623 Temporary Assistance for Needy Families (HHS) 193 760 4,006 Transportation Security Admin. (DHS) 8 56 495 Unemployment Insurance Benefits 175 2,793 11,937 Veterans Affairs programs 172 1,288 6,234 Other Withdrawals: Emergency Prep & Response (DHS) 59 946 3,835 Federal Transit Admin. 54 456 2,139 Interior 61 458 2,212 IRS Tax Refunds Business (EFT) 110 1,257 8,740 TARP 2,450 6,286 197,757 Thrift Savings Plan Transfer 71 843 3,928 Unclassified 1,646 16,995 116,440 Total, Other Withdrawals 4,451 45,606 431,236 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 14,461 445,098 2,668,755 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,149 47,305 520,046 Total Withdrawals (excluding transfers) 14,461 445,098 2,443,532 Net Change in Operating Cash Balance -1,899 -87,345 43,503 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 12, 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 -2 184,697 1,008,401 Cash Management Series 0 20,000 760,001 Notes 0 66,340 233,128 Bonds 0 0 11,772 Inflation-Protected Securities Increment -175 -1,993 -4,323 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 19 171 623 Interest Increment 0 563 1,785 Government Account Series 144,675 1,703,144 8,932,746 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 9 537 6,003 Other 319 3,253 12,894 Total Issues 144,846 1,976,711 10,964,517 (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 0 247,715 1,297,524 Notes 0 24,338 127,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 500 2,212 Government Account Series 145,235 1,760,500 8,934,032 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 47 4,528 16,777 Other 335 3,234 13,826 Total Redemptions 145,662 2,040,817 10,392,174 Net Change in Public Debt Outstanding -816 -64,106 572,344 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 12, 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) 144,846 1,976,711 10,964,517 Premium on New Issues 0 0 1,777 Discount on New Issues: Bills (-) 0 167 5,392 Bonds and Notes (-) 0 159 2,201 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 144,675 1,703,144 8,932,746 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 563 1,785 Inflation-Protected Securities Increment -175 -1,993 -4,638 Total Public Debt Cash Issues Deposited in Federal Reserve Account 346 274,672 2,028,348 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 145,662 2,040,817 10,392,174 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 (-) 145,235 1,760,500 8,934,032 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 428 280,316 1,458,141 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 12, 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/$ 6,390,699 $ 6,390,882 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,206,370 4,207,003 4,264,584 4,216,033 Total Public Debt Outstanding 10,597,069 10,597,885 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,831 49,896 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 10,532,305 10,533,057 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 $364,177 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 Friday December 12, 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 $ 6,254 $ 59,972 $ 338,105 Individual Income Taxes 26 101 764 Railroad Retirement Taxes 9 130 896 Excise Taxes 1,696 2,388 11,449 Corporation Income Taxes 3,537 5,517 19,238 Federal Unemployment Taxes 7 24 764 Estate and Gift Taxes & Misc IRS Rcpts. 3 25 122 Change in Balance of Unclassified Taxes 55 234 353 Total 11,586 68,391 371,692 These Receipts were deposited in: Federal Reserve Account: Directly 454 1,070 6,075 Collector Depositaries 2,544 17,327 93,486 Tax and Loan Accounts 8,105 47,312 257,666 Inter-agency Transfers 484 2,682 14,465 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 8 $ 78 $ 1,928 $ 2,015 Deposits: Taxes Received (Table IV) 6 92 8,007 8,105 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 3,972 3,972 Depositary Initiated 1 25 4,151 4,177 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 13 145 1,813 1,971 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 12, 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 2/$ 444 $ 711 $ 20,083 Business 167 2,623 18,258 2/Includes $51 million for payments issued in accordance with provisions of t he Economic Stimulus Act of 2008 (PL 110-185). 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.