1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 30, 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 $ 112,203 $ 115,724 $ 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) 1,916 1,954 1,964 39,129 Total Operating Balance 373,444 377,003 502,456 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 30, 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) 54 544 1,407 Air Transport Security Fees 5 30 400 Commodity Credit Corporation programs 75 497 1,611 Customs and Certain Excise Taxes 12 2,504 8,529 Deposits by States: Supplemental Security Income 386 394 1,199 Unemployment 7 226 4,536 Education Department programs 92 1,223 3,518 Energy Department programs 44 541 1,654 Estate and Gift Taxes 118 1,978 6,527 Federal Reserve Earnings 0 4,745 9,686 Foreign Deposits, Military Sales 93 2,420 4,897 FTD's Received (Table IV) 1,335 52,895 134,059 Housing and Urban Development programs 11 100 410 Individual Income and Employment Taxes, Not Withheld 728 7,230 26,087 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 10 584 1,527 Postal Service 366 8,487 24,698 Public Debt Cash Issues (Table III-B) 529 513,270 2,266,946 Other Deposits: Deposit Insurance Fund 1,081 4,905 5,149 FSA Tobacco Assessments 136 231 242 Medicare Premiums 63 1,608 5,004 Pension Benefit Guaranty Corp. 340 404 754 Thrift Savings Plan Transfer 54 1,096 6,304 Total Other Deposits 1,675 11,484 30,302 Change in Balance of Uncollected Funds (closing balance $ 8) -3 -4 56 Transfers from Depositaries 2,843 153,068 625,809 Total Federal Reserve Account 8,379 762,216 3,153,886 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,805 153,020 363,374 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 2,805 153,020 588,596 Total Deposits (excluding transfers) 8,341 762,168 2,891,451 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 30, 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 88 2,723 13,479 Defense Vendor Payments (EFT) 2,326 35,644 94,673 Education Department programs 1,186 11,435 31,615 Energy Department programs 169 2,346 7,532 Federal Employees Insurance Payments 358 4,795 14,387 Fed. Highway Administration programs 149 2,978 10,184 Federal Salaries (EFT) 497 15,438 44,953 Food and Nutrition Service (misc) 413 5,818 16,892 Food Stamps 11 319 987 GSA programs 26 1,342 4,083 Health and Human Services Grants (misc) 475 6,844 20,578 Housing and Urban Development programs 242 4,596 13,776 Interest on Treasury Securities 16 6,293 34,577 Justice Department programs 104 1,160 3,629 Labor Dept. prgms (excl. unemployment) 42 1,009 3,150 Medicaid 508 17,467 52,640 Medicare 1,958 39,680 116,445 NASA programs 0 1,661 4,211 Postal Service Money Orders and Other 229 4,120 11,187 Public Debt Cash Redemp. (Table III-B) 545 582,936 1,760,761 Social Security Benefits (EFT) 10 42,687 126,581 Temporary Assistance for Needy Families (HHS) 64 1,437 4,683 Transportation Security Admin. (DHS) 7 185 624 Unemployment Insurance Benefits 524 6,811 15,955 Veterans Affairs programs 153 2,586 7,532 Other Withdrawals: Deposit Insurance Fund 203 1,462 8,248 Emergency Prep & Response (DHS) 57 1,797 4,687 Federal Crop Ins. Corp. 129 1,188 2,542 Federal Financing Bank 59 555 1,617 Federal Transit Admin. 55 887 2,570 Minerals Management Service 176 176 183 State Department 62 1,024 4,162 USDA: Forest Service 80 266 617 Unclassified 977 37,995 137,440 Total, Other Withdrawals 1,798 88,870 474,499 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 11,900 891,181 3,114,838 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,843 153,068 625,809 Total Withdrawals (excluding transfers) 11,900 891,181 2,889,615 Net Change in Operating Cash Balance -3,559 -129,012 1,836 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 30, 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 -1 371,423 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 -175 -5,133 -7,463 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 341 793 Interest Increment 0 565 1,788 Government Account Series 180,537 3,601,345 10,830,947 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 134 1,744 7,210 Other 381 7,202 16,843 Total Issues 180,890 4,109,146 13,096,953 (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 55 1,006 2,717 Government Account Series 181,444 3,634,370 10,807,902 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 104 5,950 18,198 Other 387 7,179 17,771 Total Redemptions 181,990 4,217,306 12,568,663 Net Change in Public Debt Outstanding -1,099 -108,160 528,290 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 30, 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) 180,890 4,109,146 13,096,953 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 (-) 180,537 3,601,345 10,830,947 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 0 565 1,788 Inflation-Protected Securities Increment -175 -5,133 -7,778 Total Public Debt Cash Issues Deposited in Federal Reserve Account 529 513,270 2,266,946 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 181,990 4,217,306 12,568,663 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 (-) 181,444 3,634,370 10,807,902 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 545 582,936 1,760,761 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 30, 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/$ 6,322,766 $ 6,322,710 $ 6,396,591 $ 5,808,692 Intragovernmental Holdings 4,230,249 4,231,404 4,264,584 4,216,033 Total Public Debt Outstanding 10,553,015 10,554,114 10,661,175 10,024,725 Less: Debt Not Subject to Limit: Other Debt 493 493 493 494 Unamortized Discount 48,876 48,898 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 10,489,206 10,490,284 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 Tuesday December 30, 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 $ 4,550 $ 154,307 $ 432,440 Individual Income Taxes 33 413 1,077 Railroad Retirement Taxes 3 332 1,097 Excise Taxes 15 4,948 14,009 Corporation Income Taxes 169 51,202 64,924 Federal Unemployment Taxes 4 57 797 Estate and Gift Taxes & Misc IRS Rcpts. 2 52 149 Change in Balance of Unclassified Taxes -171 387 505 Total 4,606 211,699 514,999 These Receipts were deposited in: Federal Reserve Account: Directly 95 2,498 7,503 Collector Depositaries 1,240 50,397 126,555 Tax and Loan Accounts 2,805 153,020 363,374 Inter-agency Transfers 466 5,784 17,567 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 37 $ 286 $ 1,631 $ 1,954 Deposits: Taxes Received (Table IV) 4 47 2,754 2,805 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 1,656 1,656 Depositary Initiated 1 30 1,155 1,187 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 40 303 1,574 1,916 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 30, 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 $ 8 $ 1,644 $ 21,015 Business 410 5,185 20,820 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.