1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 22, 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 $ 132,738 $ 126,586 $ 66,385 $ 32,988 Financial Institution Accoun 1,515 1,515 0 0 Supplementary Financing Prog 289,247 289,247 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,914 1,987 1,964 39,129 Total Operating Balance 425,414 419,334 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 22, 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) 11 378 1,241 Air Transport Security Fees 0 5 375 Commodity Credit Corporation programs 26 318 1,433 Customs and Certain Excise Taxes 1,045 2,186 8,211 Deposits by States: Supplemental Security Income 1 3 808 Unemployment 10 185 4,495 Education Department programs 76 1,021 3,316 Energy Department programs 55 319 1,432 Estate and Gift Taxes 65 1,575 6,124 Federal Reserve Earnings 0 2,094 7,034 Foreign Deposits, Military Sales 24 2,179 4,655 FTD's Received (Table IV) 2,329 41,894 123,058 Housing and Urban Development programs 7 64 374 Individual Income and Employment Taxes, Not Withheld 361 4,535 23,391 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 6 534 1,476 Postal Service 447 6,678 22,889 Public Debt Cash Issues (Table III-B) 381 431,161 2,184,837 Other Deposits: Defense Finance & Accounting Service 68 531 1,978 Medicare Premiums 319 1,187 4,584 TARP 22 164 164 Total Other Deposits 409 6,605 25,423 Change in Balance of Uncollected Funds (closing balance $ 10) -4 -5 54 Transfers from Depositaries 10,799 124,966 597,707 Total Federal Reserve Account 16,046 626,694 3,018,363 Tax and Loan Note Accounts: FTD's Received (Table IV) 10,726 124,917 335,270 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 10,726 124,917 560,493 Total Deposits (excluding transfers) 15,974 626,644 2,755,926 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 22, 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 112 2,154 12,910 Defense Vendor Payments (EFT) 1,853 26,423 85,452 Education Department programs 1,243 8,918 29,098 Energy Department programs 116 1,727 6,912 Federal Employees Insurance Payments 137 3,247 12,838 Fed. Highway Administration programs 111 2,263 9,469 Federal Salaries (EFT) 176 10,412 39,927 Food and Nutrition Service (misc) 361 4,689 15,764 Food Stamps 25 275 944 GSA programs 53 1,126 3,868 Health and Human Services Grants (misc) 330 5,040 18,773 Housing and Urban Development programs 163 4,039 13,220 Interest on Treasury Securities 2 6,265 34,549 Justice Department programs 100 907 3,376 Labor Dept. prgms (excl. unemployment) 44 771 2,912 Medicaid 411 13,616 48,790 Medicare 1,355 31,849 108,614 NASA programs 129 1,290 3,840 Postal Service Money Orders and Other 171 3,214 10,281 Public Debt Cash Redemp. (Table III-B) 387 464,676 1,642,501 Social Security Benefits (EFT) 49 35,692 119,586 Temporary Assistance for Needy Families (HHS) 79 1,091 4,337 Transportation Security Admin. (DHS) 3 109 547 Unemployment Insurance Benefits 353 4,719 13,862 Veterans Affairs programs 132 2,030 6,976 Other Withdrawals: Agriculture Loan Payments (misc) 71 503 1,579 Deposit Insurance Fund 501 1,250 8,037 Emergency Prep & Response (DHS) 104 1,473 4,363 Federal Transit Admin. 103 760 2,443 Foreign Military Sales Program 64 96 106 IRS Tax Refunds Business (EFT) 151 1,827 9,310 State Department 150 842 3,981 Thrift Savings Plan Transfer 66 1,271 4,356 Unclassified 788 28,717 128,162 Total, Other Withdrawals 1,999 67,145 452,774 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 9,894 703,687 2,927,344 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,799 124,966 597,707 Total Withdrawals (excluding transfers) 9,894 703,687 2,702,121 Net Change in Operating Cash Balance 6,080 -77,043 53,806 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 22, 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 -3 291,636 1,115,340 Cash Management Series 0 20,000 760,001 Notes 0 111,660 278,448 Bonds 0 0 11,772 Inflation-Protected Securities Increment -523 -3,738 -6,067 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 18 258 710 Interest Increment 0 565 1,787 Government Account Series 146,890 2,704,351 9,933,954 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 35 1,379 6,845 Other 331 5,286 14,927 Total Issues 146,748 3,131,397 12,119,204 (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 0 412,665 1,462,474 Notes 0 40,338 143,776 Bonds 0 0 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 782 2,494 Government Account Series 177,127 2,760,467 9,933,998 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 3 5,583 17,832 Other 334 5,307 15,899 Total Redemptions 177,513 3,225,142 11,576,499 Net Change in Public Debt Outstanding -30,766 -93,745 542,705 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 22, 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) 146,748 3,131,397 12,119,204 Premium on New Issues 0 1,541 3,318 Discount on New Issues: Bills (-) 0 339 5,563 Bonds and Notes (-) 0 260 2,303 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,890 2,704,351 9,933,954 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 565 1,787 Inflation-Protected Securities Increment -523 -3,738 -6,383 Total Public Debt Cash Issues Deposited in Federal Reserve Account 381 431,161 2,184,837 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 177,513 3,225,142 11,576,499 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 (-) 177,127 2,760,467 9,933,998 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 387 464,676 1,642,501 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 22, 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/$ 6,359,822 $ 6,360,411 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,207,607 4,237,784 4,264,584 4,216,033 Total Public Debt Outstanding 10,567,429 10,598,195 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,337 49,531 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 10,503,160 10,533,732 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 $289,247 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 22, 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 $ 12,970 $ 116,642 $ 394,776 Individual Income Taxes 23 302 966 Railroad Retirement Taxes 37 254 1,020 Excise Taxes 55 2,602 11,663 Corporation Income Taxes 162 50,412 64,133 Federal Unemployment Taxes 2 44 784 Estate and Gift Taxes & Misc IRS Rcpts. 2 41 138 Change in Balance of Unclassified Taxes -162 912 1,031 Total 13,089 171,209 474,510 These Receipts were deposited in: Federal Reserve Account: Directly 97 1,549 6,554 Collector Depositaries 2,232 40,345 116,504 Tax and Loan Accounts 10,726 124,917 335,270 Inter-agency Transfers 33 4,399 16,181 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 17 $ 136 $ 1,834 $ 1,987 Deposits: Taxes Received (Table IV) 6 64 10,656 10,726 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 2,576 2,576 Depositary Initiated 2 24 8,197 8,223 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 21 176 1,717 1,914 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 22, 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 $ 14 $ 1,247 $ 20,619 Business 258 3,723 19,358 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.