1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 29, 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 $ 115,724 $ 115,831 $ 66,385 $ 32,988 Financial Institution Accoun 0 0 0 0 Supplementary Financing Prog 259,325 259,325 434,107 299,491 Tax and Loan Note Accounts (Table V) 1,954 1,901 1,964 39,129 Total Operating Balance 377,003 377,057 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 29, 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) 21 490 1,353 Air Transport Security Fees 17 25 395 Commodity Credit Corporation programs 12 421 1,536 Customs and Certain Excise Taxes 100 2,493 8,517 Deposits by States: Supplemental Security Income 0 7 813 Unemployment 14 218 4,528 Education Department programs 22 1,131 3,426 Energy Department programs 37 497 1,610 Estate and Gift Taxes 0 1,860 6,409 Federal Reserve Earnings 0 4,745 9,686 Foreign Deposits, Military Sales 5 2,328 4,805 FTD's Received (Table IV) 3,004 51,560 132,724 Housing and Urban Development programs 2 89 399 Individual Income and Employment Taxes, Not Withheld 385 6,502 25,359 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 6 574 1,517 Postal Service 261 8,121 24,332 Public Debt Cash Issues (Table III-B) 425 512,742 2,266,418 Other Deposits: Deposit Insurance Fund 103 3,824 4,067 Federal Finance Bank 210 407 413 FSA Tobacco Assessments 88 95 106 Gas and Oil Lease Sales Proceeds 89 90 252 Total Other Deposits 491 9,809 28,627 Change in Balance of Uncollected Funds (closing balance $ 5) 0 -1 59 Transfers from Depositaries 10,039 150,225 622,966 Total Federal Reserve Account 14,843 753,838 3,145,507 Tax and Loan Note Accounts: FTD's Received (Table IV) 10,092 150,215 360,569 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 10,092 150,215 585,791 Total Deposits (excluding transfers) 14,896 753,828 2,883,110 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 29, 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 111 2,635 13,391 Defense Vendor Payments (EFT) 139 33,318 92,347 Education Department programs 326 10,250 30,429 Energy Department programs 66 2,177 7,362 Federal Employees Insurance Payments 119 4,438 14,029 Fed. Highway Administration programs 222 2,829 10,036 Federal Salaries (EFT) 1,230 14,940 44,455 Food and Nutrition Service (misc) 163 5,406 16,480 Food Stamps 12 307 976 GSA programs 0 1,315 4,057 Health and Human Services Grants (misc) 190 6,369 20,102 Housing and Urban Development programs 175 4,353 13,534 Interest on Treasury Securities 4 6,277 34,561 Justice Department programs 28 1,055 3,524 Labor Dept. prgms (excl. unemployment) 21 967 3,109 Medicaid 821 16,958 52,132 Medicare 1,078 37,722 114,487 NASA programs 47 1,661 4,211 Postal Service Money Orders and Other 255 3,891 10,958 Public Debt Cash Redemp. (Table III-B) 583 582,391 1,760,216 Social Security Benefits (EFT) 16 42,677 126,571 Temporary Assistance for Needy Families (HHS) 170 1,373 4,619 Transportation Security Admin. (DHS) 35 179 617 Unemployment Insurance Benefits 400 6,287 15,431 Veterans Affairs programs 195 2,434 7,379 Other Withdrawals: Customs and Borders Protection (DHS) 61 386 1,140 Federal Financing Bank 128 496 1,558 Small Business Administration 68 337 1,047 State Department 66 962 4,100 TARP 5,000 15,989 207,461 Thrift Savings Plan Transfer 79 1,601 4,687 Unclassified 3,141 37,018 136,463 Total, Other Withdrawals 8,543 87,072 472,701 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 14,950 879,281 3,102,938 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,039 150,225 622,966 Total Withdrawals (excluding transfers) 14,950 879,281 2,877,715 Net Change in Operating Cash Balance -54 -125,453 5,395 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 29, 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 0 371,424 1,195,129 Cash Management Series 0 20,000 760,001 Notes 0 111,660 278,448 Bonds 0 0 11,772 Inflation-Protected Securities Increment -524 -4,958 -7,288 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 23 327 779 Interest Increment 0 565 1,788 Government Account Series 179,166 3,420,808 10,650,410 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 10 1,610 7,076 Other 391 6,820 16,462 Total Issues 179,067 3,928,256 12,916,063 (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 0 528,463 1,578,271 Notes 0 40,338 143,776 Bonds 0 1 2 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 49 951 2,663 Government Account Series 177,146 3,452,926 10,626,458 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 132 5,846 18,094 Other 402 6,793 17,385 Total Redemptions 177,729 4,035,317 12,386,674 Net Change in Public Debt Outstanding 1,338 -107,061 529,389 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 29, 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) 179,067 3,928,256 12,916,063 Premium on New Issues 0 1,541 3,318 Discount on New Issues: Bills (-) 0 380 5,604 Bonds and Notes (-) 0 260 2,303 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 179,166 3,420,808 10,650,410 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 565 1,788 Inflation-Protected Securities Increment -524 -4,958 -7,603 Total Public Debt Cash Issues Deposited in Federal Reserve Account 425 512,742 2,266,418 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 177,729 4,035,317 12,386,674 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 (-) 177,146 3,452,926 10,626,458 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 583 582,391 1,760,216 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 29, 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/$ 6,322,710 $ 6,323,447 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,231,404 4,229,329 4,264,584 4,216,033 Total Public Debt Outstanding 10,554,114 10,552,776 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 48,898 49,081 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 10,490,284 10,488,763 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 Monday December 29, 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 $ 11,440 $ 149,756 $ 427,890 Individual Income Taxes 24 380 1,044 Railroad Retirement Taxes 27 329 1,094 Excise Taxes 1,735 4,933 13,994 Corporation Income Taxes 229 51,033 64,755 Federal Unemployment Taxes 2 53 793 Estate and Gift Taxes & Misc IRS Rcpts. 1 50 147 Change in Balance of Unclassified Taxes -56 558 676 Total 13,400 207,092 510,393 These Receipts were deposited in: Federal Reserve Account: Directly 575 2,403 7,408 Collector Depositaries 2,429 49,157 125,315 Tax and Loan Accounts 10,092 150,215 360,569 Inter-agency Transfers 304 5,318 17,100 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 34 $ 270 $ 1,596 $ 1,901 Deposits: Taxes Received (Table IV) 3 43 10,046 10,092 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 2,661 2,661 Depositary Initiated 1 27 7,351 7,378 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 37 286 1,631 1,954 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 29, 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 $ 20 $ 1,636 $ 21,007 Business 103 4,775 20,410 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.