1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 23, 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 $ 123,782 $ 132,738 $ 66,385 $ 32,988 Financial Institution Accoun 1,420 1,515 0 0 Supplementary Financing Prog 289,247 289,247 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,970 1,914 1,964 39,129 Total Operating Balance 416,419 425,414 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 23, 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) 68 446 1,310 Air Transport Security Fees 1 6 376 Commodity Credit Corporation programs 37 356 1,470 Customs and Certain Excise Taxes 91 2,277 8,302 Deposits by States: Supplemental Security Income 0 3 809 Unemployment 10 195 4,505 Education Department programs 48 1,069 3,364 Energy Department programs 63 382 1,495 Estate and Gift Taxes 58 1,632 6,181 Federal Reserve Earnings 0 2,094 7,034 Foreign Deposits, Military Sales 32 2,210 4,687 FTD's Received (Table IV) 1,039 42,933 124,097 Housing and Urban Development programs 20 84 394 Individual Income and Employment Taxes, Not Withheld 488 5,022 23,879 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 14 548 1,490 Postal Service 464 7,142 23,353 Public Debt Cash Issues (Table III-B) 551 431,711 2,185,388 Other Deposits: Deposit Insurance Fund 131 2,289 2,533 Federal Finance Bank 103 134 141 Medicare Premiums 150 1,337 4,734 SEC:Stock Exchange Fees 351 366 403 Total Other Deposits 734 7,339 26,157 Change in Balance of Uncollected Funds (closing balance $ 8) 2 -3 56 Transfers from Depositaries 2,391 127,357 600,098 Total Federal Reserve Account 6,112 632,806 3,024,475 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,446 127,363 337,717 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 2,446 127,363 562,939 Total Deposits (excluding transfers) 6,168 632,812 2,762,094 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 23, 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 166 2,320 13,076 Defense Vendor Payments (EFT) 3,075 29,498 88,528 Education Department programs 530 9,448 29,628 Energy Department programs 151 1,878 7,063 Federal Employees Insurance Payments 354 3,600 13,192 Fed. Highway Administration programs 211 2,474 9,680 Federal Salaries (EFT) 200 10,612 40,127 Food and Nutrition Service (misc) 158 4,847 15,922 Food Stamps 7 282 951 GSA programs 71 1,197 3,939 Health and Human Services Grants (misc) 484 5,524 19,257 Housing and Urban Development programs 174 4,213 13,394 Interest on Treasury Securities 1 6,266 34,550 Justice Department programs 67 974 3,444 Labor Dept. prgms (excl. unemployment) 74 845 2,986 Medicaid 634 14,251 49,424 Medicare 1,508 33,357 110,122 NASA programs 162 1,452 4,003 Postal Service Money Orders and Other 139 3,353 10,420 Public Debt Cash Redemp. (Table III-B) 462 465,138 1,642,963 Social Security Benefits (EFT) 71 35,764 119,658 Temporary Assistance for Needy Families (HHS) 57 1,148 4,394 Transportation Security Admin. (DHS) 3 112 550 Unemployment Insurance Benefits 528 5,247 14,391 Veterans Affairs programs 101 2,131 7,077 Other Withdrawals: Agriculture 63 670 2,224 Emergency Prep & Response (DHS) 74 1,547 4,436 Export-Import Bank 221 236 262 Federal Railroad Admin. 205 257 424 IRS Tax Refunds Business (EFT) 258 2,085 9,568 National Credit Union Administration 1,700 1,704 1,728 TARP 1,912 10,989 202,461 Treasury Dept: Claims Payments 88 393 676 Unclassified 1,252 29,969 129,414 Total, Other Withdrawals 5,773 72,918 458,547 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 15,163 718,850 2,942,506 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,391 127,357 600,098 Total Withdrawals (excluding transfers) 15,163 718,850 2,717,284 Net Change in Operating Cash Balance -8,995 -86,038 44,810 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 23, 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 0 291,636 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 -174 -3,912 -6,241 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 271 723 Interest Increment 0 565 1,787 Government Account Series 180,705 2,885,056 10,114,659 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 209 1,588 7,054 Other 329 5,614 15,256 Total Issues 181,082 3,312,479 12,300,286 (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 1 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 828 2,539 Government Account Series 146,278 2,906,744 10,080,276 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 79 5,662 17,911 Other 337 5,644 16,236 Total Redemptions 146,740 3,371,882 11,723,239 Net Change in Public Debt Outstanding 34,342 -59,404 577,046 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 23, 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) 181,082 3,312,479 12,300,286 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 (-) 180,705 2,885,056 10,114,659 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 565 1,787 Inflation-Protected Securities Increment -174 -3,912 -6,557 Total Public Debt Cash Issues Deposited in Federal Reserve Account 551 431,711 2,185,388 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 146,740 3,371,882 11,723,239 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 (-) 146,278 2,906,744 10,080,276 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 462 465,138 1,642,963 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 23, 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/$ 6,359,897 $ 6,359,822 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,241,874 4,207,607 4,264,584 4,216,033 Total Public Debt Outstanding 10,601,771 10,567,429 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,273 49,337 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 10,537,566 10,503,160 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 Tuesday December 23, 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 $ 3,534 $ 120,176 $ 398,310 Individual Income Taxes 22 324 987 Railroad Retirement Taxes 3 257 1,023 Excise Taxes 44 2,646 11,707 Corporation Income Taxes 175 50,587 64,309 Federal Unemployment Taxes 3 46 786 Estate and Gift Taxes & Misc IRS Rcpts. 3 45 141 Change in Balance of Unclassified Taxes -243 670 788 Total 3,541 174,750 478,051 These Receipts were deposited in: Federal Reserve Account: Directly 83 1,631 6,637 Collector Depositaries 956 41,302 117,460 Tax and Loan Accounts 2,446 127,363 337,717 Inter-agency Transfers 56 4,455 16,237 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 21 $ 176 $ 1,717 $ 1,914 Deposits: Taxes Received (Table IV) 4 50 2,391 2,446 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 1,499 1,499 Depositary Initiated 1 24 867 892 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 25 202 1,743 1,970 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 23, 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 $ 9 $ 1,256 $ 20,627 Business 708 4,431 20,066 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.