1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 26, 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 $ 115,831 $ 118,058 $ 66,385 $ 32,988 Financial Institution Accoun 0 811 0 0 Supplementary Financing Prog 259,325 289,247 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,901 2,181 1,964 39,129 Total Operating Balance 377,057 410,297 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 26, 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) 8 469 1,332 Air Transport Security Fees 1 8 378 Commodity Credit Corporation programs 26 409 1,524 Customs and Certain Excise Taxes 62 2,392 8,417 Deposits by States: Supplemental Security Income 2 7 813 Unemployment 8 204 4,514 Education Department programs 15 1,109 3,405 Energy Department programs 29 460 1,574 Estate and Gift Taxes 87 1,860 6,409 Federal Reserve Earnings 0 4,745 9,686 Foreign Deposits, Military Sales 39 2,323 4,800 FTD's Received (Table IV) 1,704 48,556 129,720 Housing and Urban Development programs 1 86 396 Individual Income and Employment Taxes, Not Withheld 306 6,117 24,973 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 6 568 1,510 Postal Service 347 7,860 24,071 Public Debt Cash Issues (Table III-B) 80,253 512,317 2,265,993 Other Deposits: Defense Finance & Accounting Service 66 669 2,116 Deposit Insurance Fund 1,431 3,721 3,965 Minerals Management Svc/Collections 69 532 1,704 Prepayment of Treasury Securities 161 858 3,784 Total Other Deposits 1,727 9,318 28,136 Change in Balance of Uncollected Funds (closing balance $ 5) 57 0 59 Transfers from Depositaries 6,969 140,186 612,927 Total Federal Reserve Account 91,647 738,995 3,130,664 Tax and Loan Note Accounts: FTD's Received (Table IV) 6,690 140,123 350,477 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 6,690 140,123 575,699 Total Deposits (excluding transfers) 91,368 738,932 2,868,214 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 26, 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 64 2,524 13,280 Defense Vendor Payments (EFT) 1,262 33,179 92,208 Education Department programs 141 9,924 30,103 Energy Department programs 97 2,111 7,297 Federal Employees Insurance Payments 197 4,319 13,910 Fed. Highway Administration programs 0 2,607 9,814 Federal Salaries (EFT) 1,345 13,710 43,225 Food and Nutrition Service (misc) 213 5,243 16,317 Food Stamps 4 295 964 GSA programs 66 1,315 4,057 Health and Human Services Grants (misc) 239 6,179 19,912 Housing and Urban Development programs 0 4,178 13,359 Interest on Treasury Securities 5 6,273 34,557 Justice Department programs 0 1,027 3,496 Labor Dept. prgms (excl. unemployment) 27 946 3,088 Medicaid 1,068 16,138 51,311 Medicare 1,535 36,644 113,409 NASA programs 7 1,614 4,164 Postal Service Money Orders and Other 173 3,636 10,703 Public Debt Cash Redemp. (Table III-B) 116,288 581,808 1,759,633 Social Security Benefits (EFT) 12 42,661 126,555 Temporary Assistance for Needy Families (HHS) 12 1,203 4,449 Transportation Security Admin. (DHS) 0 143 582 Unemployment Insurance Benefits 262 5,887 15,031 Veterans Affairs programs 30 2,238 7,184 Other Withdrawals: Prepayment of Treasury Securities 175 869 3,826 U.S. District Courts (net) -833 -1,839 -2,279 Unclassified 2,217 33,877 133,322 Total, Other Withdrawals 1,558 78,529 464,158 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 124,607 864,331 3,087,988 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,969 140,186 612,927 Total Withdrawals (excluding transfers) 124,607 864,331 2,862,765 Net Change in Operating Cash Balance -33,240 -125,399 5,449 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 26, 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 79,789 371,424 1,195,128 Cash Management Series 0 20,000 760,001 Notes 0 111,660 278,448 Bonds 0 0 11,772 Inflation-Protected Securities Increment -348 -4,435 -6,764 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 304 756 Interest Increment 0 565 1,787 Government Account Series 180,983 3,241,642 10,471,245 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 1 1,599 7,065 Other 490 6,429 16,070 Total Issues 260,929 3,749,189 12,736,996 (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 115,797 528,463 1,578,271 Notes 0 40,338 143,776 Bonds 0 1 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 33 902 2,613 Government Account Series 178,454 3,275,780 10,449,312 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 36 5,713 17,962 Other 421 6,391 16,983 Total Redemptions 294,742 3,857,588 12,208,945 Net Change in Public Debt Outstanding -33,813 -108,399 528,051 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 26, 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) 260,929 3,749,189 12,736,996 Premium on New Issues 0 1,541 3,318 Discount on New Issues: Bills (-) 41 380 5,604 Bonds and Notes (-) 0 260 2,303 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 180,983 3,241,642 10,471,245 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 565 1,787 Inflation-Protected Securities Increment -348 -4,435 -7,080 Total Public Debt Cash Issues Deposited in Federal Reserve Account 80,253 512,317 2,265,993 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 294,742 3,857,588 12,208,945 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 (-) 178,454 3,275,780 10,449,312 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 116,288 581,808 1,759,633 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 26, 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/$ 6,323,447 $ 6,359,776 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,229,329 4,226,813 4,264,584 4,216,033 Total Public Debt Outstanding 10,552,776 10,586,589 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 49,081 49,212 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 10,488,763 10,522,445 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 $259,325 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 Friday December 26, 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 $ 8,112 $ 138,316 $ 416,450 Individual Income Taxes 14 356 1,020 Railroad Retirement Taxes 5 302 1,067 Excise Taxes 409 3,199 12,260 Corporation Income Taxes 94 50,804 64,526 Federal Unemployment Taxes 3 51 791 Estate and Gift Taxes & Misc IRS Rcpts. 3 50 147 Change in Balance of Unclassified Taxes -225 614 732 Total 8,414 193,692 496,992 These Receipts were deposited in: Federal Reserve Account: Directly 133 1,828 6,834 Collector Depositaries 1,571 46,728 122,886 Tax and Loan Accounts 6,690 140,123 350,477 Inter-agency Transfers 21 5,013 16,796 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 31 $ 243 $ 1,906 $ 2,181 Deposits: Taxes Received (Table IV) 4 61 6,625 6,690 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 2,395 2,395 Depositary Initiated 1 34 4,540 4,575 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 34 270 1,596 1,901 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 26, 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 2/$ 345 $ 1,615 $ 20,987 Business 0 4,672 20,307 2/Includes $26 million for payments issued in accordance with provisions of t he Economic Stimulus Act of 2008 (PL 110-185). 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.