1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 16, 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 $ 125,252 $ 122,021 $ 66,385 $ 32,988 Financial Institution Account 1,515 1,515 0 0 Supplementary Financing Program 364,177 364,177 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,822 1,671 1,964 39,129 Total Operating Balance 492,765 489,383 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 16, 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) 17 226 1,089 Air Transport Security Fees 0 4 374 Commodity Credit Corporation programs 17 240 1,354 Customs and Certain Excise Taxes 84 901 6,925 Deposits by States: Supplemental Security Income 0 2 808 Unemployment 10 144 4,454 Education Department programs 36 873 3,169 Energy Department programs 12 211 1,325 Estate and Gift Taxes 75 1,064 5,613 Federal Reserve Earnings 0 1,348 6,289 Foreign Deposits, Military Sales 33 1,991 4,468 FTD's Received (Table IV) 1,870 32,452 113,616 Housing and Urban Development programs 6 38 348 Individual Income and Employment Taxes, Not Withheld 303 2,889 21,745 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 7 342 1,285 Postal Service 480 5,079 21,290 Public Debt Cash Issues (Table III-B) 576 322,564 2,076,240 Other Deposits: Total Other Deposits 0 4,352 23,170 Change in Balance of Uncollected Funds (closing balance $ 11) -3 -7 53 Transfers from Depositaries 9,526 102,768 575,509 Total Federal Reserve Account 13,048 477,482 2,869,152 Tax and Loan Note Accounts: FTD's Received (Table IV) 9,677 102,626 312,980 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 9,677 102,626 538,203 Total Deposits (excluding transfers) 13,199 477,340 2,606,622 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 16, 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 91 1,449 12,205 Defense Vendor Payments (EFT) 2,288 18,986 78,016 Education Department programs 453 6,547 26,727 Energy Department programs 91 1,221 6,406 Federal Employees Insurance Payments 151 2,616 12,207 Fed. Highway Administration programs 87 1,744 8,950 Federal Salaries (EFT) 483 9,012 38,527 Food and Nutrition Service (misc) 242 3,606 14,681 Food Stamps 35 217 885 GSA programs 30 898 3,640 Health and Human Services Grants (misc) 323 3,698 17,431 Housing and Urban Development programs 134 3,506 12,687 Interest on Treasury Securities 4 6,256 34,540 Justice Department programs 61 658 3,127 Labor Dept. prgms (excl. unemployment) 46 502 2,643 Medicaid 640 10,355 45,528 Medicare 1,358 26,141 102,905 NASA programs 91 926 3,476 Postal Service Money Orders and Other 206 2,631 9,698 Public Debt Cash Redemp. (Table III-B) 409 298,016 1,475,841 Social Security Benefits (EFT) 41 28,818 112,712 Temporary Assistance for Needy Families (HHS) 107 922 4,167 Transportation Security Admin. (DHS) 2 67 506 Unemployment Insurance Benefits 479 3,589 12,733 Veterans Affairs programs 108 1,619 6,565 Other Withdrawals: Agency for Internat'l Development 72 437 2,715 Emergency Prep & Response (DHS) 67 1,136 4,025 Federal Crop Ins. Corp. 71 600 1,955 Federal Financing Bank 100 257 1,319 Interior: Bureau of Land Mgmt. 99 101 190 Interior: Office of Surface Mining 55 65 133 IRS Tax Refunds Business (EFT) 119 1,398 8,882 IRS Tax Refunds Individual (EFT) 77 178 4,343 State Department 182 616 3,754 Treasury Dept: Claims Payments 62 242 524 USDA: Forest Service 89 183 535 Unclassified 865 19,910 119,355 Total, Other Withdrawals 1,858 53,034 438,663 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 9,817 487,031 2,710,688 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,526 102,768 575,509 Total Withdrawals (excluding transfers) 9,817 487,031 2,485,465 Net Change in Operating Cash Balance 3,382 -9,691 121,157 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 16, 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 0 184,690 1,008,395 Cash Management Series 0 20,000 760,001 Notes 0 111,662 278,451 Bonds 0 0 11,772 Inflation-Protected Securities Increment -174 -2,690 -5,020 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 12 202 654 Interest Increment 0 563 1,786 Government Account Series 148,362 2,026,297 9,255,899 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 257 992 6,458 Other 307 3,903 13,545 Total Issues 148,764 2,345,620 11,333,427 (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 40,338 143,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 598 2,310 Government Account Series 173,400 2,078,222 9,251,754 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 54 5,515 17,763 Other 308 3,849 14,441 Total Redemptions 173,809 2,376,238 10,727,595 Net Change in Public Debt Outstanding -25,045 -30,618 605,832 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 16, 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) 148,764 2,345,620 11,333,427 Premium on New Issues 1 1,541 3,318 Discount on New Issues: Bills (-) 0 167 5,392 Bonds and Notes (-) 0 260 2,303 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 148,362 2,026,297 9,255,899 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 563 1,786 Inflation-Protected Securities Increment -174 -2,690 -5,335 Total Public Debt Cash Issues Deposited in Federal Reserve Account 576 322,564 2,076,240 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 173,809 2,376,238 10,727,595 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 (-) 173,400 2,078,222 9,251,754 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 409 298,016 1,475,841 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 16, 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/$ 6,418,858 $ 6,418,685 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,211,698 4,236,916 4,264,584 4,216,033 Total Public Debt Outstanding 10,630,557 10,655,602 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,559 49,626 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 10,566,065 10,591,043 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 Tuesday December 16, 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 $ 9,293 $ 84,181 $ 362,315 Individual Income Taxes 19 250 913 Railroad Retirement Taxes 33 198 964 Excise Taxes 14 2,476 11,537 Corporation Income Taxes 1,607 49,777 63,499 Federal Unemployment Taxes 2 30 770 Estate and Gift Taxes & Misc IRS Rcpts. 3 30 127 Change in Balance of Unclassified Taxes 782 1,242 1,360 Total 11,752 138,185 441,485 These Receipts were deposited in: Federal Reserve Account: Directly 45 1,144 6,149 Collector Depositaries 1,825 31,309 107,467 Tax and Loan Accounts 9,677 102,626 312,980 Inter-agency Transfers 206 3,106 14,889 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 28 $ 243 $ 1,400 $ 1,671 Deposits: Taxes Received (Table IV) 12 75 9,590 9,677 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 3,057 3,057 Depositary Initiated 3 38 6,427 6,469 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 36 280 1,506 1,822 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 16, 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 $ 88 $ 810 $ 20,181 Business 361 3,031 18,666 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.