1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday November 20, 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 $ 91,193 $ 68,457 $ 43,998 $ 32,988 Supplementary Financing Prog 479,054 508,956 558,851 299,491 Tax and Loan Note Accounts (Table V) 1,996 1,722 12,109 39,129 Total Operating Balance 572,243 579,136 614,959 371,608 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday November 20, 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) 16 184 690 Air Transport Security Fees 0 8 194 Commodity Credit Corporation programs 14 236 762 Customs and Certain Excise Taxes 70 1,087 4,300 Deposits by States: Supplemental Security Income 0 3 408 Unemployment 74 2,804 4,155 Education Department programs 28 848 2,072 Energy Department programs 16 196 860 Estate and Gift Taxes 252 1,879 3,958 Federal Reserve Earnings 0 1,074 4,681 Foreign Deposits, Military Sales 2 1,107 2,316 FTD's Received (Table IV) 553 28,023 70,854 Housing and Urban Development programs 18 64 297 Individual Income and Employment Taxes, Not Withheld 159 2,776 17,774 Interest recd from T&L Depositaries 0 1 29 Justice Department programs 9 212 798 Postal Service 342 5,479 14,286 Public Debt Cash Issues (Table III-B) 114,056 513,614 1,624,088 Other Deposits: Medicare Premiums 128 916 2,699 Minerals Management Svc/Collections 166 194 933 Prepayment of Treasury Securities 255 677 2,719 Thrift Savings Plan Transfer 83 667 4,521 Total Other Deposits 631 2,786 14,408 Change in Balance of Uncollected Funds (closing balance $ 10) 0 -4 54 Transfers from Depositaries 937 93,949 443,493 Total Federal Reserve Account 117,178 656,325 2,210,478 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,211 72,435 181,138 Transfers from Federal Reserve Account (Table V) 0 11,400 225,223 Total Tax and Loan Note Accounts (Table V) 1,211 83,835 406,361 Total Deposits (excluding transfers) 117,451 634,812 1,948,122 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday November 20, 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 216 2,188 9,889 Defense Vendor Payments (EFT) 1,362 18,665 49,772 Education Department programs 356 6,313 18,559 Energy Department programs 142 1,516 4,436 Federal Employees Insurance Payments 247 3,044 8,198 Fed. Highway Administration programs 96 2,331 6,414 Federal Salaries (EFT) 717 9,739 25,926 Food and Nutrition Service (misc) 253 4,349 9,827 Food Stamps 9 226 592 GSA programs 89 1,011 2,489 Health and Human Services Grants (misc) 407 4,512 11,411 Housing and Urban Development programs 119 3,672 8,512 Interest on Treasury Securities 1 21,292 28,273 Justice Department programs 37 855 2,185 Labor Dept. prgms (excl. unemployment) 56 617 1,702 Medicaid 989 11,986 30,973 Medicare 1,237 17,019 69,140 NASA programs 123 915 2,164 Postal Service Money Orders and Other 110 2,510 6,310 Public Debt Cash Redemp. (Table III-B) 114,634 424,185 1,049,032 Social Security Benefits (EFT) 43 35,126 77,039 Temporary Assistance for Needy Families (HHS) 90 1,068 2,901 Transportation Security Admin. (DHS) 3 90 298 Unemployment Insurance Benefits 199 3,106 7,966 Veterans Affairs programs 67 1,696 4,319 Other Withdrawals: Agriculture Loan Payments (misc) 57 347 923 Emergency Prep & Response (DHS) 115 1,073 2,464 Federal Crop Ins. Corp. 67 477 1,161 Interior 166 595 1,551 IRS Tax Refunds Business (EFT) 63 1,561 6,850 Prepayment of Treasury Securities 263 670 2,763 U.S. District Courts (net) -150 -134 -124 Unclassified 2,163 35,592 84,546 Total, Other Withdrawals 2,743 99,494 309,159 Transfers to Depositaries 0 11,400 225,223 Total Federal Reserve Account 124,344 688,928 1,972,711 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 937 93,949 443,493 Total Withdrawals (excluding transfers) 124,344 677,527 1,747,488 Net Change in Operating Cash Balance -6,893 -42,716 200,635 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday November 20, 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 113,941 298,636 731,925 Cash Management Series 0 145,001 705,001 Notes 0 52,989 166,789 Bonds 0 11,772 11,772 Inflation-Protected Securities Increment -25 -514 -2,131 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 171 388 Interest Increment 1 534 1,221 Government Account Series 182,813 2,335,168 6,316,852 Hope Bonds 0 0 461 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 103 2,690 3,711 Other 361 3,645 8,252 Total Issues 297,204 2,850,092 7,945,266 (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 113,953 349,658 923,020 Notes 0 64,714 103,438 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 39 600 1,522 Government Account Series 179,437 2,344,544 6,265,502 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 0 State and Local Series 7 5,094 11,788 Other 635 4,119 9,238 Total Redemptions 294,070 2,768,729 7,314,533 Net Change in Public Debt Outstanding 3,134 81,363 630,732 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday November 20, 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) 297,204 2,850,092 7,945,266 Premium on New Issues 0 371 1,777 Discount on New Issues: Bills (-) 359 1,555 4,825 Bonds and Notes (-) 0 107 2,042 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 182,813 2,335,168 6,316,852 Hope Bonds (-) 0 0 461 Interest Increment on United States Savings Securities (-) 1 534 1,221 Inflation-Protected Securities Increment -25 -514 -2,447 Total Public Debt Cash Issues Deposited in Federal Reserve Account 114,056 513,614 1,624,088 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 294,070 2,768,729 7,314,533 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 (-) 179,437 2,344,544 6,265,502 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 114,634 424,185 1,049,032 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday November 20, 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/$ 6,393,927 $ 6,394,117 $ 6,302,794 $ 5,808,692 Intragovernmental Holdings 4,261,530 4,258,207 4,271,301 4,216,033 Total Public Debt Outstanding 10,655,457 10,652,324 10,574,094 10,024,725 Less: Debt Not Subject to Limit: Other Debt 494 494 494 494 Unamortized Discount 54,266 53,984 54,459 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 10,586,259 10,583,406 10,504,702 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 $479,054 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 Thursday November 20, 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 $ 1,973 $ 96,817 $ 239,331 Individual Income Taxes 10 134 614 Railroad Retirement Taxes 3 232 627 Excise Taxes 14 2,754 6,599 Corporation Income Taxes 25 3,534 13,202 Federal Unemployment Taxes 4 67 729 Estate and Gift Taxes & Misc IRS Rcpts. 0 28 75 Change in Balance of Unclassified Taxes -84 1,050 1,091 Total 1,946 104,615 262,268 These Receipts were deposited in: Federal Reserve Account: Directly 23 1,813 4,134 Collector Depositaries 530 26,211 66,720 Tax and Loan Accounts 1,211 72,435 181,138 Inter-agency Transfers 182 4,156 10,276 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 6 $ 53 $ 1,663 $ 1,722 Deposits: Taxes Received (Table IV) 3 19 1,189 1,211 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 0 526 526 Depositary Initiated 0 3 408 411 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 8 70 1,918 1,996 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday November 20, 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/$ 66 $ 5,768 $ 14,094 Business 88 3,145 14,175 2/Includes $1 million for payments issued in accordance with provisions of th e 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.