1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 15, 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 $ 122,021 $ 46,964 $ 66,385 $ 32,988 Financial Institution Account 1,515 2,000 0 0 Supplementary Financing Program 364,177 364,177 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,671 1,971 1,964 39,129 Total Operating Balance 489,383 415,112 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 15, 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) 14 209 1,072 Air Transport Security Fees 1 4 374 Commodity Credit Corporation programs 18 223 1,338 Customs and Certain Excise Taxes 85 817 6,841 Deposits by States: Supplemental Security Income 0 2 807 Unemployment 11 135 4,445 Education Department programs 58 838 3,133 Energy Department programs 38 199 1,312 Estate and Gift Taxes 56 989 5,538 Federal Reserve Earnings 0 1,348 6,289 Foreign Deposits, Military Sales 65 1,958 4,435 FTD's Received (Table IV) 12,186 30,583 111,747 Housing and Urban Development programs 3 33 342 Individual Income and Employment Taxes, Not Withheld 237 2,586 21,442 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 96 335 1,278 Postal Service 427 4,599 20,809 Public Debt Cash Issues (Table III-B) 47,316 321,987 2,075,664 Other Deposits: Defense Finance & Accounting Service 62 358 1,805 Overseas Private Investment Co. 52 52 52 TARP 28 143 143 Total Other Deposits 142 4,352 23,170 Change in Balance of Uncollected Funds (closing balance $ 8) 0 -4 56 Transfers from Depositaries 45,938 93,243 565,984 Total Federal Reserve Account 106,688 464,434 2,856,104 Tax and Loan Note Accounts: FTD's Received (Table IV) 45,638 92,949 303,303 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 45,638 92,949 528,526 Total Deposits (excluding transfers) 106,388 464,141 2,593,423 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 15, 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 105 1,358 12,114 Defense Vendor Payments (EFT) 1,664 16,698 75,728 Education Department programs 436 6,094 26,274 Energy Department programs 151 1,130 6,315 Federal Employees Insurance Payments 255 2,465 12,057 Fed. Highway Administration programs 123 1,657 8,863 Federal Salaries (EFT) 1,436 8,529 38,044 Food and Nutrition Service (misc) 572 3,364 14,438 Food Stamps 52 182 851 GSA programs 65 868 3,609 Health and Human Services Grants (misc) 398 3,375 17,108 Housing and Urban Development programs 103 3,372 12,553 Interest on Treasury Securities 1,619 6,252 34,536 Justice Department programs 66 597 3,066 Labor Dept. prgms (excl. unemployment) 36 455 2,597 Medicaid 391 9,715 44,888 Medicare 752 24,783 101,548 NASA programs 51 834 3,385 Postal Service Money Orders and Other 330 2,426 9,493 Public Debt Cash Redemp. (Table III-B) 17,290 297,606 1,475,431 Social Security Benefits (EFT) 49 28,778 112,672 Temporary Assistance for Needy Families (HHS) 54 814 4,060 Transportation Security Admin. (DHS) 9 65 504 Unemployment Insurance Benefits 317 3,111 12,254 Veterans Affairs programs 223 1,511 6,457 Other Withdrawals: Deposit Insurance Fund 535 739 7,526 Emergency Prep & Response (DHS) 124 1,069 3,959 Federal Crop Ins. Corp. 55 529 1,884 Military Active Duty Pay (EFT) 2,603 6,140 18,610 Tennessee Valley Authority (net) 52 417 -21 Thrift Savings Plan Transfer 152 995 4,080 Unclassified 2,049 19,044 118,489 Total, Other Withdrawals 5,570 51,176 436,805 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 32,116 477,214 2,700,871 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 45,938 93,243 565,984 Total Withdrawals (excluding transfers) 32,116 477,214 2,475,648 Net Change in Operating Cash Balance 74,272 -13,073 117,775 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 15, 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 -6 184,690 1,008,395 Cash Management Series 0 20,000 760,001 Notes 45,323 111,662 278,451 Bonds 0 0 11,772 Inflation-Protected Securities Increment -523 -2,516 -4,846 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 18 190 641 Interest Increment 0 563 1,785 Government Account Series 174,791 1,877,935 9,107,537 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 198 735 6,201 Other 344 3,597 13,238 Total Issues 220,145 2,196,856 11,184,662 (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 16,000 40,338 143,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 550 2,262 Government Account Series 144,322 1,904,823 9,078,354 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 933 5,461 17,710 Other 307 3,541 14,133 Total Redemptions 161,612 2,202,429 10,553,786 Net Change in Public Debt Outstanding 58,533 -5,573 630,877 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 15, 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) 220,145 2,196,856 11,184,662 Premium on New Issues 1,541 1,541 3,317 Discount on New Issues: Bills (-) 0 167 5,392 Bonds and Notes (-) 102 260 2,303 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 174,791 1,877,935 9,107,537 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 563 1,785 Inflation-Protected Securities Increment -523 -2,516 -5,161 Total Public Debt Cash Issues Deposited in Federal Reserve Account 47,316 321,987 2,075,664 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 161,612 2,202,429 10,553,786 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 (-) 144,322 1,904,823 9,078,354 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 17,290 297,606 1,475,431 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 15, 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/$ 6,418,685 $ 6,390,699 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,236,916 4,206,370 4,264,584 4,216,033 Total Public Debt Outstanding 10,655,602 10,597,069 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,626 49,831 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 10,591,043 10,532,305 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 Monday December 15, 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 $ 14,917 $ 74,888 $ 353,022 Individual Income Taxes 130 231 894 Railroad Retirement Taxes 35 166 931 Excise Taxes 74 2,462 11,523 Corporation Income Taxes 42,654 48,170 61,892 Federal Unemployment Taxes 4 28 768 Estate and Gift Taxes & Misc IRS Rcpts. 2 27 124 Change in Balance of Unclassified Taxes 226 460 578 Total 58,041 126,432 429,733 These Receipts were deposited in: Federal Reserve Account: Directly 29 1,099 6,104 Collector Depositaries 12,157 29,484 105,642 Tax and Loan Accounts 45,638 92,949 303,303 Inter-agency Transfers 218 2,900 14,683 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 13 $ 145 $ 1,813 $ 1,971 Deposits: Taxes Received (Table IV) 18 181 45,438 45,638 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 4,433 4,433 Depositary Initiated 4 83 41,418 41,505 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 28 243 1,400 1,671 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 15, 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 $ 10 $ 721 $ 20,093 Business 46 2,670 18,305 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.