1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 17, 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 $ 120,443 $ 125,252 $ 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) 1,915 1,822 1,964 39,129 Total Operating Balance 488,050 492,765 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 17, 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) 26 251 1,115 Air Transport Security Fees 0 5 375 Commodity Credit Corporation programs 13 253 1,368 Customs and Certain Excise Taxes 61 961 6,986 Deposits by States: Supplemental Security Income 0 2 808 Unemployment 10 154 4,464 Education Department programs 19 893 3,188 Energy Department programs 10 222 1,335 Estate and Gift Taxes 193 1,257 5,806 Federal Reserve Earnings 746 2,094 7,034 Foreign Deposits, Military Sales 73 2,064 4,541 FTD's Received (Table IV) 3,188 35,640 116,804 Housing and Urban Development programs 6 44 354 Individual Income and Employment Taxes, Not Withheld 647 3,536 22,392 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 8 350 1,293 Postal Service 406 5,485 21,695 Public Debt Cash Issues (Table III-B) 480 323,044 2,076,720 Other Deposits: Medicare Premiums 53 483 3,880 Total Other Deposits 53 4,405 23,223 Change in Balance of Uncollected Funds (closing balance $ 13) -2 -8 51 Transfers from Depositaries 3,793 106,561 579,302 Total Federal Reserve Account 9,731 487,213 2,878,883 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,886 106,512 316,866 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 3,886 106,512 542,089 Total Deposits (excluding transfers) 9,824 487,165 2,616,447 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 17, 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 235 1,683 12,439 Defense Vendor Payments (EFT) 1,309 20,296 79,325 Education Department programs 332 6,879 27,059 Energy Department programs 106 1,326 6,512 Federal Employees Insurance Payments 188 2,804 12,395 Fed. Highway Administration programs 159 1,903 9,109 Federal Salaries (EFT) 301 9,313 38,828 Food and Nutrition Service (misc) 256 3,862 14,937 Food Stamps 10 227 896 GSA programs 77 975 3,717 Health and Human Services Grants (misc) 272 3,970 17,703 Housing and Urban Development programs 140 3,646 12,827 Interest on Treasury Securities 2 6,258 34,542 Justice Department programs 53 711 3,180 Labor Dept. prgms (excl. unemployment) 32 534 2,675 Medicaid 391 10,745 45,919 Medicare 1,448 27,589 104,353 NASA programs 18 944 3,494 Postal Service Money Orders and Other 140 2,772 9,839 Public Debt Cash Redemp. (Table III-B) 356 298,371 1,476,197 Social Security Benefits (EFT) 6,741 35,559 119,453 Temporary Assistance for Needy Families (HHS) 21 942 4,188 Transportation Security Admin. (DHS) 20 87 526 Unemployment Insurance Benefits 355 3,944 13,088 Veterans Affairs programs 78 1,697 6,642 Other Withdrawals: Commerce Programs 55 424 1,508 Emergency Prep & Response (DHS) 93 1,229 4,118 Federal Crop Ins. Corp. 56 657 2,011 Interior 54 573 2,326 Thrift Savings Plan Transfer 141 1,158 4,243 Unclassified 1,099 21,009 120,454 Total, Other Withdrawals 1,499 54,532 440,162 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 14,540 501,571 2,725,228 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,793 106,561 579,302 Total Withdrawals (excluding transfers) 14,540 501,571 2,500,005 Net Change in Operating Cash Balance -4,715 -14,406 116,442 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 17, 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 -2 111,660 278,449 Bonds 0 0 11,772 Inflation-Protected Securities Increment -175 -2,865 -5,195 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 215 667 Interest Increment 0 564 1,786 Government Account Series 175,504 2,201,801 9,431,403 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 164 1,156 6,622 Other 306 4,209 13,850 Total Issues 175,810 2,521,429 11,509,236 (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 44 642 2,354 Government Account Series 150,458 2,228,681 9,402,212 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 1 5,516 17,764 Other 310 4,159 14,752 Total Redemptions 150,814 2,527,052 10,878,409 Net Change in Public Debt Outstanding 24,996 -5,623 630,827 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 17, 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) 175,810 2,521,429 11,509,236 Premium on New Issues 0 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 (-) 175,504 2,201,801 9,431,403 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 564 1,786 Inflation-Protected Securities Increment -175 -2,865 -5,510 Total Public Debt Cash Issues Deposited in Federal Reserve Account 480 323,044 2,076,720 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 150,814 2,527,052 10,878,409 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 (-) 150,458 2,228,681 9,402,212 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 356 298,371 1,476,197 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 17, 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/$ 6,418,658 $ 6,418,858 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,236,894 4,211,698 4,264,584 4,216,033 Total Public Debt Outstanding 10,655,552 10,630,557 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,483 49,559 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 10,591,137 10,566,065 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 Wednesday December 17, 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 $ 7,300 $ 91,482 $ 369,616 Individual Income Taxes 11 261 924 Railroad Retirement Taxes 9 208 973 Excise Taxes 11 2,487 11,548 Corporation Income Taxes 133 49,910 63,632 Federal Unemployment Taxes 7 36 777 Estate and Gift Taxes & Misc IRS Rcpts. 4 34 131 Change in Balance of Unclassified Taxes 43 1,285 1,403 Total 7,518 145,703 449,003 These Receipts were deposited in: Federal Reserve Account: Directly 56 1,200 6,205 Collector Depositaries 3,132 34,441 110,599 Tax and Loan Accounts 3,886 106,512 316,866 Inter-agency Transfers 444 3,550 15,333 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 36 $ 280 $ 1,506 $ 1,822 Deposits: Taxes Received (Table IV) 7 64 3,816 3,886 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 36 280 1,323 1,639 Depositary Initiated 0 7 2,146 2,154 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 7 57 1,852 1,915 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 17, 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 $ 70 $ 879 $ 20,251 Business 123 3,153 18,788 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.