1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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 $ 60,023 $ 59,444 $ 106,123 $ 32,988 Financial Institution Account 100 100 0 0 Supplementary Financing Program 174,840 174,840 259,325 299,491 Tax and Loan Note Accounts (Table V) 1,995 2,005 1,199 39,129 Total Operating Balance 236,957 236,388 366,648 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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) 10 356 2,237 Air Transport Security Fees 1 16 542 Commodity Credit Corporation programs 29 652 2,326 Customs and Certain Excise Taxes 85 1,204 9,828 Deposits by States: Supplemental Security Income 0 3 1,202 Unemployment 75 373 4,917 Education Department programs 17 835 4,442 Energy Department programs 17 219 1,897 Estate and Gift Taxes 158 2,001 8,790 Federal Reserve Earnings 0 1,295 11,062 Foreign Deposits, Military Sales 75 1,357 6,274 FTD's Received (Table IV) 3,697 34,163 173,054 Housing and Urban Development programs 1 72 483 Individual Income and Employment Taxes, Not Withheld 2,026 57,665 84,584 Interest recd from T&L Depositaries 0 0 29 Justice Department programs 9 213 1,751 Postal Service 359 5,848 30,905 Public Debt Cash Issues (Table III-B) 712 558,856 2,897,060 Other Deposits: Deposit Insurance Fund 213 781 5,931 Medicare Premiums 292 1,480 6,701 Thrift Savings Plan Transfer 89 384 6,707 Total Other Deposits 594 4,461 39,229 Change in Balance of Uncollected Funds (closing balance $ 13) -5 -12 51 Transfers from Depositaries 4,653 97,688 732,607 Total Federal Reserve Account 12,514 767,267 4,013,271 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,643 98,483 470,250 Transfers from Federal Reserve Account (Table V) 0 0 225,223 Total Tax and Loan Note Accounts (Table V) 4,643 98,483 695,473 Total Deposits (excluding transfers) 12,504 768,062 3,750,915 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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 91 2,161 15,744 Defense Vendor Payments (EFT) 1,494 21,162 117,239 Education Department programs 899 14,761 46,994 Energy Department programs 93 1,535 9,266 Federal Employees Insurance Payments 343 3,949 18,553 Fed. Highway Administration programs 123 1,492 11,766 Federal Salaries (EFT) 2,858 10,131 56,170 Food and Nutrition Service (misc) 189 4,618 21,705 Food Stamps 10 305 1,307 GSA programs 39 1,132 5,334 Health and Human Services Grants (misc) 410 4,825 25,923 Housing and Urban Development programs 136 3,899 17,925 Interest on Treasury Securities 1 7,272 45,751 Justice Department programs 47 674 4,311 Labor Dept. prgms (excl. unemployment) 55 713 3,916 Medicaid 613 13,431 66,330 Medicare 1,354 31,772 149,967 NASA programs 54 827 5,039 Postal Service Money Orders and Other 128 2,613 14,163 Public Debt Cash Redemp. (Table III-B) 521 627,223 2,413,309 Social Security Benefits (EFT) 42 37,368 163,968 Temporary Assistance for Needy Families (HHS) 59 1,127 5,840 Transportation Security Admin. (DHS) 5 114 738 Unemployment Insurance Benefits 263 6,368 22,754 Veterans Affairs programs 156 1,762 9,375 Other Withdrawals: Agency for Internat'l Development 65 538 3,706 Commerce Programs 77 420 2,191 Emergency Prep & Response (DHS) 70 946 5,685 Federal Crop Ins. Corp. 118 1,139 3,718 Federal Financing Bank 186 5,551 7,182 IRS Tax Refunds Business (EFT) 61 2,669 12,464 TARP 386 47,124 293,663 Unclassified 987 20,288 170,271 Total, Other Withdrawals 1,950 96,518 632,179 Transfers to Depositaries 0 0 225,223 Total Federal Reserve Account 11,935 897,753 4,110,789 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 4,653 97,688 732,607 Total Withdrawals (excluding transfers) 11,935 897,753 3,885,566 Net Change in Operating Cash Balance 570 -129,691 -134,651 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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 -7 353,416 1,548,544 Cash Management Series 0 135,001 895,002 Notes 0 58,468 407,738 Bonds 0 0 11,772 Inflation-Protected Securities Increment -305 -7,135 -14,771 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 283 1,094 Interest Increment 0 632 2,420 Government Account Series 174,903 2,667,887 13,778,418 Hope Bonds 0 1 462 Domestic Series 0 17 42 Foreign Series 0 1,500 2,500 State and Local Series 79 1,565 8,909 Other 421 6,881 24,102 Total Issues 175,110 3,218,516 16,666,231 (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 0 570,520 2,148,791 Notes 0 36,821 205,414 Bonds 0 0 3 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 59 1,029 3,806 Government Account Series 172,910 2,674,331 13,660,880 Hope Bonds 0 0 0 Domestic Series 0 17 42 Foreign Series 0 500 500 State and Local Series 38 7,237 25,501 Other 424 7,469 25,622 Total Redemptions 173,431 3,297,924 16,070,559 Net Change in Public Debt Outstanding 1,678 -79,408 595,672 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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) 175,110 3,218,516 16,666,231 Premium on New Issues 0 2,006 5,324 Discount on New Issues: Bills (-) 0 318 5,922 Bonds and Notes (-) 0 164 2,561 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 174,702 2,667,686 13,778,217 Hope Bonds (-) 0 1 462 Interest Increment on United States Savings Securities (-) 0 632 2,420 Inflation-Protected Securities Increment -305 -7,135 -15,087 Total Public Debt Cash Issues Deposited in Federal Reserve Account 712 558,856 2,897,060 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 173,431 3,297,924 16,070,559 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 (-) 172,910 2,670,701 13,657,250 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 521 627,223 2,413,309 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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/$ 6,296,582 $ 6,296,701 $ 6,369,319 $ 5,808,692 Intragovernmental Holdings 4,323,815 4,322,017 4,330,486 4,216,033 Total Public Debt Outstanding 10,620,397 10,618,719 10,699,805 10,024,725 Less: Debt Not Subject to Limit: Other Debt 492 492 493 494 Unamortized Discount 43,675 43,723 44,599 50,402 Federal Financing Bank 14,000 14,000 14,000 14,000 Hope Bonds 492 492 491 30 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 14 14 51 51 Total Public Debt Subject to Limit 10,561,753 10,560,027 10,640,274 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 $174,840 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 January 23, 2009 (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 $ 9,032 $ 122,240 $ 568,008 Individual Income Taxes 7 1,652 2,775 Railroad Retirement Taxes 8 256 1,390 Excise Taxes 132 2,768 16,784 Corporation Income Taxes 48 9,015 74,205 Federal Unemployment Taxes 13 187 996 Estate and Gift Taxes & Misc IRS Rcpts. 1 35 187 Change in Balance of Unclassified Taxes -188 36 623 Total 9,052 136,188 664,970 These Receipts were deposited in: Federal Reserve Account: Directly 50 1,632 9,215 Collector Depositaries 3,647 32,531 163,839 Tax and Loan Accounts 4,643 98,483 470,250 Inter-agency Transfers 711 3,542 21,666 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 6 $ 48 $ 1,950 $ 2,005 Deposits: Taxes Received (Table IV) 4 45 4,594 4,643 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 0 852 852 Depositary Initiated 0 5 3,795 3,801 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 10 88 1,896 1,995 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday January 23, 2009 (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 $ 7 $ 622 $ 21,642 Business 86 3,947 24,806 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.