[Appendix]
[Detailed Budget Estimates by Agency]
[Department of the Treasury]
[From the U.S. Government Printing Office, www.gpo.gov]


                     THE BUDGET FOR FISCAL YEAR 2005

[[Page 827]]

 
                       DEPARTMENT OF THE TREASURY

                          DEPARTMENTAL OFFICES

                          Salaries and Expenses

                      (including transfer of funds)

    For necessary expenses of the Departmental Offices including 
operation and maintenance of the Treasury Building and Annex; hire of 
passenger motor vehicles; maintenance, repairs, and improvements of, and 
purchase of commercial insurance policies for, real properties leased or 
owned overseas, when necessary for the performance of official business; 
not to exceed $3,000,000, to remain available until September 30, [2005] 
2006 for information technology modernization requirements; not to 
exceed $150,000 for official reception and representation expenses; not 
to exceed $258,000 for unforeseen emergencies of a confidential nature, 
to be allocated and expended under the direction of the Secretary of the 
Treasury and to be accounted for solely on his certificate, 
[$176,109,000] $185,041,000: Provided, That the Office of Foreign Assets 
Control shall be funded at no less than [$21,855,000] $22,511,000 and 
120 full time equivalent positions: Provided further, That of these 
amounts, $2,900,000 is [available] for grants to State and local law 
enforcement groups to help fight money laundering[; Provided further, 
That of these amounts]; $651,000 is to fund contributions for operating 
costs of the Joint Financial Management Improvement Program (JFMIP) and 
the Federal Accounting Standards Advisory Board (FASAB); and $3,393,000, 
to remain available until September 30, [2005] 2006, shall be for the 
Treasury-wide Financial Statement Audit Program, of which such amounts 
as may be necessary may be transferred to accounts of the Department's 
offices and bureaus to conduct audits: Provided further, That this 
transfer authority shall be in addition to any other provided in this 
Act. (Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0101-0-1-803      2003 actual   2004 est.   2005 est.
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    Obligations by program activity:
00.01 Economic policies and programs....          54          58          61
00.02 Financial policies and programs...          44          47          48
00.03 Financial crimes policies and 
        programs........................          18           7           8
00.04 Treasury-wide management policies 
        and programs....................          25          24          27
00.05 Treasury-wide financial statement 
        audit...........................           3           3           3
00.06 Office of Foreign Assets Control..          35          37          38
                                           ---------   ---------  ----------
01.00   Subtotal, Direct programs.......         179         176         185
09.11 Reimbursable program..............          15          20          20
                                           ---------   ---------  ----------
09.99   Subtotal, reimbursable program..          15          20          20
                                           ---------   ---------  ----------
10.00   Total new obligations...........         194         196         205
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           4           6           7
22.00 New budget authority (gross)......         197         195         205
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           4           2
22.21 Unobligated balance transferred to 
        other accounts..................          -1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         204         203         212
23.95 Total new obligations.............        -194        -196        -205
23.98 Unobligated balance expiring or 
        withdrawn.......................          -4          -1          -1
24.40 Unobligated balance carried 
        forward, end of year............           6           7           6
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         181         176         185
40.35   Appropriation permanently 
          reduced.......................          -1          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         180         175         185
50.00   Reappropriation.................           2
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...          11          20          20
68.10   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           4
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......          15          20          20
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         197         195         205
    Change in obligated balances:
72.40 Obligated balance, start of year..          83          48          34
73.10 Total new obligations.............         194         196         205
73.20 Total outlays (gross).............        -205        -193        -211
73.40 Adjustments in expired accounts 
        (net)...........................         -23         -15          -5
73.45 Recoveries of prior year 
        obligations.....................          -4          -2
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -4
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           7
74.40 Obligated balance, end of year....          48          34          23
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         189         173         169
86.93 Outlays from discretionary 
        balances........................          16          20          42
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         205         193         211
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........         -12         -20         -20
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -4
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1
    Net budget authority and outlays:
89.00 Budget authority..................         182         175         185
90.00 Outlays...........................         194         173         191
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...           1           1
92.02 Total investments, end of year: 
        Federal securities: Par value...           1
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    Departmental Offices' function in the Department of the Treasury is 
to provide basic support to the Secretary of the Treasury, who is the 
chief operating executive of the Department. The Secretary of the 
Treasury maintains the primary role in formulating and managing the 
domestic and international tax and financial policies of the Federal 
Government. The Secretary's responsibilities funded by the Salaries and 
Expenses appropriation include: recommending and implementing United 
States domestic and international economic and tax policy; fiscal 
policy; governing the fiscal operations of the Government; maintaining 
foreign assets control; managing the public debt; managing development 
financial policy; representing the United States on international 
monetary, trade and investment issues; overseeing Department of the 
Treasury overseas operations; and directing the administrative 
operations of the Department of the Treasury.

    In support of the Secretary, the Salaries and Expenses appropriation 
provides resources for policy formulation and implementation in the 
areas of domestic and international financial, investment, tax, 
economic, trade and financial operations and general fiscal policy. This 
appropriation also provides resources for administrative support to the 
Secretary and policy components, and coordination of Departmental 
administrative policies in financial and personnel management, 
procurement operations, and automated information systems and 
telecommunications.

    In addition, this appropriation includes $651,000 for the annual 
payments for Federal Accounting Standards Advisory Board (FASAB) and 
Joint Financial Management Improvement Program (JFMIP) expenses for both 
Departmental Offices ($12,000) and the Office of Management and Budget 
(OMB) ($639,000). Both OMB and Treasury cover a propor

[[Page 828]]

tional share of JFMIP and FASAB operating costs as principal sponsors of 
these organizations. This adjustment has been made in order to 
consolidate these annual payments and to streamline the annual budget 
and payment processes. OMB will continue to have lead responsibility on 
all Financial Management issues. The OMB appropriations request has been 
reduced by $525,000 and $114,000 for FASAB and JFMIP costs respectively.

    Economic Policies and Programs.--The function of the Economic 
Policies and Programs Activity is to advise the Secretary and Deputy 
Secretary in economic areas such as: (1) monitoring macro- and micro-
economic developments and assisting in determining appropriate economic 
policies; developing an overall appraisal of the current state of, and 
outlook for the economy; providing written and oral briefing materials 
for the Secretary, other officials, and outsiders; participating in 
interagency groups working on economic matters to develop and maintain a 
coordinated and consistent government-wide economic program; and (2) the 
formulation and execution of U.S. international economic and financial 
policies regarding a wide range of international development and 
analysis functions involving: trade and investment, energy policy, 
monetary affairs, development financing, and general economic research 
into international financial issues. The Office of International Affairs 
works closely with other Federal agencies and international financial 
institutions, and coordinates international financial and macro-economic 
policy with the National Economic Council (Annual Economic Summit), the 
National Security Council, the Council of Economic Advisors, the Office 
of Management and Budget (foreign country risk review), the United 
States Trade Representative (financial services, investment, etc.), and 
all components of the Executive Office of the President. Under 
Presidential Executive order, the Office of International Affairs 
participates with the Department of State in the collection and analysis 
of economic information on foreign countries. In the areas of 
international monetary and foreign exchange policy, the Office of 
International Affairs shares responsibility with the Federal Reserve 
(principally, the Board of Governors, but also the Federal Reserve Bank 
of New York) in working closely with the International Monetary Fund. In 
the area of international development, the Office of International 
Affairs formulates resource needs, notably U.S. contributions, policies 
and programs for various Multilateral Development Banks. With the 
Export-Import Bank, the Office of International Affairs has 
responsibility for export credit finance. This activity includes the 
Office of the Assistant Secretary (Economic Policy), the immediate 
offices of the Under Secretary (International Affairs), the Assistant 
Secretary (International Affairs) and the Office of International 
Affairs.

    Financial Policies and Programs.--The function of the Financial 
Policies and Programs Activity is to advise the Secretary and Deputy 
Secretary in areas of domestic finance, banking, fiscal policy and 
operations, and other related financial matters, including development 
of policies and guidance in the areas of financial institutions, federal 
debt finance, financial regulation, and capital markets. Specifically, 
this activity ensures that the management of the Federal government's 
cash minimizes risk and strikes a balance between cash needs and short-
term investments. This activity provides decision makers and 
stakeholders with: (1) timely, concise and thorough policies, guidance 
and analysis in the areas of: financial institutions, financial 
regulation, the equitable and efficient delivery of financial services, 
the availability of credit, financial crimes, federal debt finance, 
capital markets, the privatization of government assets, and any other 
issues related to domestic finance and financial services; and (2) 
recommendations regarding the development and implementation of tax 
policies and programs; official estimates of all Government receipts for 
the President's Budget, fiscal policy decisions, and cash management 
decisions; policy criteria reflected in regulations and rulings to 
implement the Internal Revenue Code; negotiation of tax treaties for the 
United States; and economic and legal policy analysis for domestic and 
international tax policy decisions. This activity includes the immediate 
office of the Under Secretary (Domestic Finance), the Assistant 
Secretary (Financial Institutions), the Assistant Secretary (Financial 
Markets), the Fiscal Assistant Secretary, and the Deputy Assistant 
Secretary for Community Development Policy and the Assistant Secretary 
(Tax Policy).

    Treasury-wide Management Policies and Programs.--The Treasury-wide 
Management Policies and Programs Activity provides policy advice on 
matters involving the internal management of the Department and its 
bureaus; coinage and currency production and security; the sale and 
retention of savings bonds; financial management, information systems, 
security, property management, human resources, procurement and 
contracting, strategic planning; and customer service. This activity is 
responsible for implementing the functions of the Chief Financial 
Officer (CFO), the Government Performance Results Act (GPRA), and the 
Information Technology Management Reform Act which includes efficient 
and effective use of the Treasury's resources. This activity includes 
the Office of the Assistant Secretary (Management) and Chief Financial 
Officer and the Treasurer of the United States.

    Treasury-wide Financial Statement Audit.--This activity has 
responsibility for contracting and funding all financial statement audit 
work that will be done by the Office of the Inspector General (OIG). The 
OIG would streamline the process, provide costs savings and 
accountability for getting these audits done, and ensure timeliness and 
consistency of financial statement audits in the Department. The audits 
would include those of the Financial Management Service, the Bureau of 
Public Debt, the Federal Financing Board, the Alcohol and Tobacco Tax 
and Trade Bureau, the Community Development Financial Institutions, and 
the Departmental Offices.

    Financial Crimes, Policies, and Programs.--The Executive Office for 
Terrorist Financing and Financial Crimes provides policy development, 
guidance, and oversight for the Financial Crimes Enforcement Network and 
the Office of Foreign Assets Control, as well as coordinates with the 
Internal Revenue Service-Criminal Investigations. It manages and 
provides policy development and support for enforcement funds; 
coordinates development and ensures delivery of technical assistance in 
support of counter-terrorist financing and counter-financial crimes 
initiatives; and develops and implements strategies to counter money 
laundering and terrorist financing.

                         PERFORMANCE MEASURES

                                                          2005
U.S. GDP growth rate..............................                3.6%
Value of U.S. exports of goods and services (in 
 billions)........................................              $1,017
U.S. household net worth as percentage of 
 disposable income................................                514%
Number of open material weaknesses (significant 
 management problems identified by GAO, the IGs, 
 and/or the bureaus)..............................                  6%
Percent of new IT capital investments tracked that 
 are within costs, on schedule, and meeting 
 performance targets..............................                100%

               Object Classification (in millions of dollars)

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Identification code 20-0101-0-1-803      2003 actual   2004 est.   2005 est.
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      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................          96          83          89
12.1    Civilian personnel benefits.....          22          16          17
21.0    Travel and transportation of 
          persons.......................           3           3           3
23.1    Rental payments to GSA..........           3           4           4
23.3    Communications, utilities, and 
          miscellaneous charges.........           9           9           9
24.0    Printing and reproduction.......           2           3           3
25.2    Other services..................          35          44          49

[[Page 829]]

26.0    Supplies and materials..........           3           7           5
31.0    Equipment.......................           6           7           6
                                           ---------   ---------  ----------
99.0      Direct obligations............         179         176         185
99.0  Reimbursable obligations..........          15          20          20
                                           ---------   ---------  ----------
99.9    Total new obligations...........         194         196         205
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0101-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         937         914         930
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         102          90          90
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        Department-Wide Systems and Capital Investments Programs

                      (including transfer of funds)

    For development and acquisition of automatic data processing 
equipment, software, and services for the Department of the Treasury, 
[$36,400,000] $36,072,000, to remain available until September 30, 
[2006] 2007: Provided, That these funds shall be transferred to accounts 
and in amounts as necessary to satisfy the requirements of the 
Department's offices, bureaus, and other organizations: Provided 
further, That this transfer authority shall be in addition to any other 
transfer authority provided in this Act: Provided further, That none of 
the funds appropriated shall be used to support or supplement the 
Internal Revenue Service appropriations for Information Systems or 
Business Systems Modernization. (Division F, H.R. 2673, Consolidated 
Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0115-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........          42          36          36
                                           ---------   ---------  ----------
10.00   Total new obligations...........          42          36          36
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          27          19          19
22.00 New budget authority (gross)......          34          36          36
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          61          55          55
23.95 Total new obligations.............         -42         -36         -36
24.40 Unobligated balance carried 
        forward, end of year............          19          19          19
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          34          36          36
    Change in obligated balances:
72.40 Obligated balance, start of year..          43          13          13
73.10 Total new obligations.............          42          36          36
73.20 Total outlays (gross).............         -43         -36         -39
73.40 Adjustments in expired accounts 
        (net)...........................         -29
74.40 Obligated balance, end of year....          13          13          10
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          20          26          26
86.93 Outlays from discretionary 
        balances........................          23          10          13
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          43          36          39
    Net budget authority and outlays:
89.00 Budget authority..................          34          36          36
90.00 Outlays...........................          43          36          39
---------------------------------------------------------------------------

    This account is authorized to be used by or on behalf of Treasury 
bureaus, at the Secretary's discretion, to modernize business processes 
and increase efficiency through technology investments.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0115-0-1-803      2003 actual   2004 est.   2005 est.
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23.1  Rental payments to GSA............                       1           1
25.2  Other services....................          39          32          32
31.0  Equipment.........................           3           3           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........          42          36          36
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                       Office of Inspector General

                          salaries and expenses

    For necessary expenses of the Office of Inspector General in 
carrying out the provisions of the Inspector General Act of 1978, as 
amended, not to exceed $2,000,000 for official travel expenses, 
including hire of passenger motor vehicles; and not to exceed $100,000 
for unforeseen emergencies of a confidential nature, to be allocated and 
expended under the direction of the Inspector General of the Treasury, 
[$13,000,000, of which not to exceed $2,500 shall be available for 
official reception and representation expenses] $14,158,000. (Division 
F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audits............................           8           9          10
00.02 Investigations....................           3           4           4
09.01 Reimbursable program..............           2           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          13          15          16
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1           1           1
22.00 New budget authority (gross)......          13          15          16
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          14          16          17
23.95 Total new obligations.............         -13         -15         -16
24.40 Unobligated balance carried 
        forward, end of year............           1           1           1
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          11          13          14
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...           1           1           1
68.10   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           1           1           1
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......           2           2           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          13          15          16
    Change in obligated balances:
72.40 Obligated balance, start of year..           5           3           1
73.10 Total new obligations.............          13          15          16
73.20 Total outlays (gross).............         -15         -16         -16
73.40 Adjustments in expired accounts 
        (net)...........................          -1
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -1          -1          -1
74.40 Obligated balance, end of year....           3           1
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          12          14          15
86.93 Outlays from discretionary 
        balances........................           3           2           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          15          16          16
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -2          -2          -1
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -1          -1          -1
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1           1
    Net budget authority and outlays:
89.00 Budget authority..................          11          13          14
90.00 Outlays...........................          13          14          15
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    The Office of Inspector General conducts audits, evaluations, and 
investigations designed to: (1) promote economy, efficiency, and 
effectiveness and prevent fraud, waste, and abuse in Departmental 
programs and operations; and (2) keep the Secretary and the Congress 
fully and currently informed of problems and deficiencies in the 
administration of Departmental programs and operations. This office 
covers all Treasury activities except tax administration.

[[Page 830]]

    To maximize efficiencies and effectiveness, the Administration will 
submit legislation to merge the Treasury Inspector General and the 
Treasury Inspector General for Tax Administration into a new Inspector 
General office, called the Inspector General for Treasury. The new 
organization will have all of the same powers and authorities as its 
predecessors have under current law.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2003 actual   2004 est.   2005 est.
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      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........           4           6           8
11.3      Other than full-time permanent           1           1           1
                                           ---------   ---------  ----------
11.9        Total personnel compensation           5           7           9
12.1    Civilian personnel benefits.....           1           2           3
21.0    Travel and transportation of 
          persons.......................           1                       1
23.1    Rental payments to GSA..........           2           2           1
25.2    Other services..................           2           2           1
                                           ---------   ---------  ----------
99.0      Direct obligations............          11          13          15
99.0  Reimbursable obligations..........           2           2           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          13          15          16
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                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          87         104         117
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            Treasury Inspector General for Tax Administration

                          salaries and expenses

    For necessary expenses of the Treasury Inspector General for Tax 
Administration in carrying out the Inspector General Act of 1978, as 
amended, including purchase (not to exceed 150 for replacement only for 
police-type use) and hire of passenger motor vehicles (31 U.S.C. 
1343(b)); services authorized by 5 U.S.C. 3109, at such rates as may be 
determined by the Inspector General for Tax Administration; not to 
exceed $6,000,000 for official travel expenses; and not to exceed 
$500,000 for unforeseen emergencies of a confidential nature, to be 
allocated and expended under the direction of the Inspector General for 
Tax Administration, [$128,034,000] $129,126,000. (Division F, H.R. 2673, 
Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audit.............................          48          48          49
00.02 Investigations....................          76          79          80
09.01 Reimbursable program..............           4           3           3
                                           ---------   ---------  ----------
10.00   Total new obligations...........         128         130         132
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         128         130         132
23.95 Total new obligations.............        -128        -130        -132
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         125         128         129
40.35   Appropriation permanently 
          reduced.......................          -1          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         124         127         129
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           4           3           3
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         128         130         132
    Change in obligated balances:
72.40 Obligated balance, start of year..          11          10          13
73.10 Total new obligations.............         128         130         132
73.20 Total outlays (gross).............        -128        -128        -133
73.40 Adjustments in expired accounts 
        (net)...........................          -1
74.40 Obligated balance, end of year....          10          13          13
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         116         118         120
86.93 Outlays from discretionary 
        balances........................          12          10          13
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         128         128         133
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -4          -3          -3
    Net budget authority and outlays:
89.00 Budget authority..................         124         127         129
90.00 Outlays...........................         125         125         130
---------------------------------------------------------------------------

    The Treasury Inspector General for Tax Administration (TIGTA) 
conducts audits, investigations, and evaluations to assess the 
operations and programs of the Internal Revenue Service (IRS), the IRS 
Oversight Board, and the Office of Chief Counsel to: (1) promote the 
economic, efficient, and effective administration of the nation's tax 
laws and to detect and deter fraud and abuse in IRS programs and 
operations; and (2) recommend actions to resolve fraud and other serious 
problems, abuses, and deficiencies in these programs and operations, and 
keep the Secretary and the Congress fully and currently informed of 
these issues and the progress made in resolving them. TIGTA reviews 
existing and proposed legislation and regulations relating to the 
programs and operations of the IRS and makes recommendations concerning 
the impact of such legislation and regulations on the economy and 
efficiency in the administration of programs and operations of the IRS. 
The audit function provides program audit, contract audit and financial 
audit services. Program audits review and audit all facets of IRS. 
Contract audits provide professional advice to IRS contracting officials 
on accounting and financial matters relative to negotiation, award, 
administration, repricing, and settlement of contracts. The evaluations 
function reviews program performance and issues critical to the mission 
of the IRS. The investigative function provides for the detection and 
investigation of improper and illegal activities involving IRS programs 
and operations and protects the IRS against external attempts to corrupt 
or threaten their employees.

    To maximize efficiencies and effectiveness, the Administration will 
submit legislation to merge the Treasury Inspector General and the 
Treasury Inspector General for Tax Administration into a new Inspector 
General office, called the Inspector General for Treasury. The new 
organization will have all of the same powers and authorities as its 
predecessors have under current law.

                          PERFORMANCE MEASURES

                                     2003 Actual    2004 
                                                 Performance 
                                                     Plan       2005 
                                                             Performance 
                                                                 Plan
Audit:
  (1) Financial accomplishments that 
    result from audit activities ($ 
    billions).......................        $9.1       $1.18       $1.12
  (2) Total taxpayer accounts 
    impacted as a result of audit 
    activities (millions)...........          47        13.4        12.7
Investigations:
  (1) Percentage of IRS employees 
    provided integrity briefings in 
    a fiscal year...................         36%         33%         33%

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2003 actual   2004 est.   2005 est.
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      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          70          71          72
11.3      Other than full-time permanent           1           1           1
11.5      Other personnel compensation..           8           8           8
                                           ---------   ---------  ----------
11.9        Total personnel compensation          79          80          81
12.1    Civilian personnel benefits.....          20          21          21
21.0    Travel and transportation of 
          persons.......................           4           4           4
23.1    Rental payments to GSA..........           8           9           9

[[Page 831]]

23.3    Communications, utilities, and 
          miscellaneous charges.........           4           2           2
25.1    Advisory and assistance services           3           1           1
25.2    Other services..................           1           1           1
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           1           3           4
25.7    Operation and maintenance of 
          equipment.....................           1           1           1
26.0    Supplies and materials..........           1           1           1
31.0    Equipment.......................           2           4           4
                                           ---------   ---------  ----------
99.0      Direct obligations............         124         127         129
99.0  Reimbursable obligations..........           4           3           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........         128         130         132
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         911         885         862
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          15          15          15
---------------------------------------------------------------------------

                                

           Treasury Building and Annex Repair and Restoration

    For the repair, alteration, and improvement of the Treasury Building 
and Annex, [$25,000,000] $20,316,000, to remain available until 
September 30, [2006, of which not less than $7,000,000 shall not be 
available for obligation until completion of the audit by the Treasury 
Inspector General or upon the advance approval of the House and Senate 
Committees on Appropriations] 2007. (Division F, H.R. 2673, Consolidated 
Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0108-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Repair and improvement of Main 
        Treasury........................          36          25          20
                                           ---------   ---------  ----------
10.00   Total new obligations...........          36          25          20
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           8           2           3
22.00 New budget authority (gross)......          29          25          20
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1           1           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          38          28          24
23.95 Total new obligations.............         -36         -25         -20
24.40 Unobligated balance carried 
        forward, end of year............           2           3           4
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          29          25          20
    Change in obligated balances:
72.40 Obligated balance, start of year..          27          26          20
73.10 Total new obligations.............          36          25          20
73.20 Total outlays (gross).............         -37         -32         -26
73.45 Recoveries of prior year 
        obligations.....................          -1          -1          -1
74.40 Obligated balance, end of year....          26          20          12
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          19          11           9
86.93 Outlays from discretionary 
        balances........................          18          21          17
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          37          32          26
    Net budget authority and outlays:
89.00 Budget authority..................          29          25          20
90.00 Outlays...........................          37          32          26
---------------------------------------------------------------------------

    This appropriation funds repairs and selected improvements to the 
Main Treasury and Annex buildings.

    This appropriation of $20.316 million will be the final investment 
in the Treasury Building and Annex Repair and Restoration (TBARR) 
project. Since 1996, over $200 million has been spent on this project.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0108-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           1           1
23.1  Rental payments to GSA............           2           5           5
25.2  Other services....................           3          19          15
31.0  Equipment.........................           2
32.0  Land and structures...............          28
                                           ---------   ---------  ----------
99.9    Total new obligations...........          36          25          20
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0108-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          10          10
---------------------------------------------------------------------------

                                

                  Expanded Access to Financial Services

    Of the unobligated balances available under this heading, $4,000,000 
are cancelled.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0121-0-1-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Expanded access to financial 
        services........................                       1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                       1
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           5           4
22.00 New budget authority (gross)......           2                      -4
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           5           5
23.95 Total new obligations.............                      -1
24.40 Unobligated balance carried 
        forward, end of year............           5           4
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           2
40.36   Unobligated balance permanently 
          reduced.......................                                  -4
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............           2                      -4
    Change in obligated balances:
72.40 Obligated balance, start of year..           9           6
73.10 Total new obligations.............                       1
73.20 Total outlays (gross).............          -3          -7
74.40 Obligated balance, end of year....           6
    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           3           7
    Net budget authority and outlays:
89.00 Budget authority..................           2                      -4
90.00 Outlays...........................           3           7
---------------------------------------------------------------------------

    The Budget proposes to rescind $4 million in balances from 2002 and 
2003 appropriations.

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0121-0-1-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           3           2
---------------------------------------------------------------------------

                                

                          Counterterrorism Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0117-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Counterterrorism-related activities:

00.01   Direct Program Activity.........                       7
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................                       7

[[Page 832]]

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5          12           5
22.22 Unobligated balance transferred 
        from other accounts.............           7
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          12          12           5
23.95 Total new obligations.............                      -7
24.40 Unobligated balance carried 
        forward, end of year............          12           5           5
    Change in obligated balances:
73.10 Total new obligations.............                       7
73.20 Total outlays (gross).............                      -7
    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................                       7
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................                       7
---------------------------------------------------------------------------

    In FY 2003, most of the balances in this account were transferred to 
the Department of Homeland Security in accordance with the Homeland 
Security Act. Treasury, however, retains some funding to counter, 
investigate and prosecute domestic and international terrorism and to 
pay rewards in connection with these activities.

                                

                       Terrorism Insurance Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0123-0-1-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Administrative Expenses...........           4           9          11
                                           ---------   ---------  ----------
10.00   Total new obligations...........           4           9          11
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       5
22.00 New budget authority (gross)......           9           4          11
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           9           9          11
23.95 Total new obligations.............          -4          -9         -11
24.40 Unobligated balance carried 
        forward, end of year............           5
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation, P.L. 107-297.....           9           4          11
    Change in obligated balances:
72.40 Obligated balance, start of year..                       4           2
73.10 Total new obligations.............           4           9          11
73.20 Total outlays (gross).............          -1         -11          -9
74.40 Obligated balance, end of year....           4           2           4
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           1           3           8
86.98 Outlays from mandatory balances...                       8           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           1          11           9
    Net budget authority and outlays:
89.00 Budget authority..................           9           4          11
90.00 Outlays...........................           1          11           9
---------------------------------------------------------------------------

    On November 26, 2002, President Bush signed into law the Terrorism 
Risk Insurance Act of 2002 (P.L. 107-297). The Act established and 
provided mandatory funding for a temporary Terrorism Insurance Program 
to be administered by the Department of the Treasury. Under the program, 
the Federal Government is responsible for paying 90 percent of the 
insured losses arising from acts of terrorism above the applicable 
insurer deductible and below the $100 billion annual cap.

    The budget includes estimates of the general administrative costs of 
the program. Given the uncertainty surrounding the risk of future 
terrorist attacks, the budget does not include estimates of the timing 
or magnitude of potential insurance claims under the program, which is 
scheduled to sunset on December 31, 2005. Any such claims would be paid 
from permanent, indefinite authority and would not require subsequent 
appropriations.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0123-0-1-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................           1           1           1
25.1    Advisory and assistance services           3           8           9
                                           ---------   ---------  ----------
99.0      Direct obligations............           4           9          10
99.5  Below reporting threshold.........                                   1
                                           ---------   ---------  ----------
99.9    Total new obligations...........           4           9          11
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0123-0-1-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           6           9           9
---------------------------------------------------------------------------

                                

                        Treasury Forfeiture Fund 

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.00 Forfeited cash and proceeds from 
        sale of forfeited property, Tre.         248         245         245
02.01 Forfeited cash and proceeds, 
        Legislative Proposal............                                -245
02.40 Earnings on investments, Treasury 
        forfeiture fund.................           5           6           6
02.41 Earning on investments, 
        Legislative Proposal............                                  -6
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         253         251
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         253         251
    Appropriations:
05.00 Treasury forfeiture fund..........        -253        -251        -251
05.01 Treasury forfeiture fund..........                                 251
                                           ---------   ---------  ----------
05.99   Total appropriations............        -253        -251
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Asset forfeiture fund.............         254         251         251
                                           ---------   ---------  ----------
10.00   Total new obligations...........         254         251         251
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          60          75          75
22.00 New budget authority (gross)......         253         251         251
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          16
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         329         326         326
23.95 Total new obligations.............        -254        -251        -251
24.40 Unobligated balance carried 
        forward, end of year............          75          75          75
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         253         251         251
    Change in obligated balances:
72.40 Obligated balance, start of year..         157         173         176
73.10 Total new obligations.............         254         251         251
73.20 Total outlays (gross).............        -222        -248        -251
73.45 Recoveries of prior year 
        obligations.....................         -16
74.40 Obligated balance, end of year....         173         176         176
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         189         226         226
86.98 Outlays from mandatory balances...          33          22          25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         222         248         251

[[Page 833]]

    Net budget authority and outlays:
89.00 Budget authority..................         253         251         251
90.00 Outlays...........................         222         248         251
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         132         183         280
92.02 Total investments, end of year: 
        Federal securities: Par value...         183         280         280
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................         253         251         251
  Outlays...........................         222         248         251
Legislative proposal, subject to 
    PAYGO:
  Budget Authority..................                                -251
  Outlays...........................                                -251
                                    ------------------------------------
Total:
  Budget Authority..................         253         251
  Outlays...........................         222         248
                                    ====================================

    Public Law 102-393 authorized the establishment of the Treasury 
Forfeiture Fund. It is available to pay or reimburse certain costs and 
expenses related to seizures and forfeitures that occur pursuant to the 
Treasury Department's law enforcement activities. The Coast Guard also 
participates in the program. The Treassury Forfeiture Fund is being 
transferred to the Department of Justice Asset Forfeiture fund in 2005. 
Proposed legislation to effect this transfer will follow.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
25.2  Other services....................         179         176         176
41.0  Grants, subsidies, and 
        contributions...................          75          75          75
                                           ---------   ---------  ----------
99.9    Total new obligations...........         254         251         251
---------------------------------------------------------------------------

                        Treasury Forfeiture Fund

              (Legislative proposal, not subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-4-2-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Asset forfeiture fund.............                                -251
                                           ---------   ---------  ----------
10.00   Total new obligations...........                                -251
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                -251
22.21 Unobligated balance transferred to 
        other accounts..................                                 -75
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......                                -326
23.95 Total new obligations.............                                 251
24.40 Unobligated balance carried 
        forward, end of year............                                 -75
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....                                -251
    Change in obligated balances:
73.10 Total new obligations.............                                -251
73.20 Total outlays (gross).............                                 251
73.31 Obligated balance transferred to 
        other accounts..................                                -176
74.40 Obligated balance, end of year....                                -176
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                -226
86.98 Outlays from mandatory balances...                                 -25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........                                -251
    Net budget authority and outlays:
89.00 Budget authority..................                                -251
90.00 Outlays...........................                                -251
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...                                -280
92.02 Total investments, end of year: 
        Federal securities: Par value...                                -280
---------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-4-2-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
25.2  Other services....................                                -176
41.0  Grants, subsidies, and 
        contributions...................                                 -75
                                           ---------   ---------  ----------
99.9    Total new obligations...........                                -251
---------------------------------------------------------------------------

    The Administration will be proposing legislation to combine the 
Treasury Forfeiture Fund into the Department of Justice Asset Forfeiture 
Fund.

                                

                   Presidential Election Campaign Fund

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5081-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.61 Presidential election campaign 
        fund............................          55          55          55
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          55          55          55
    Appropriations:
05.00 Presidential election campaign 
        fund............................         -55         -55         -55
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5081-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Matching Funds in Primaries.......                      66          10
00.02 Nominating conventions for parties          29           1
00.03 General Elections.................                     151
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          29         218          10
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         140         166           3
22.00 New budget authority (gross)......          55          55          55
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         195         221          58
23.95 Total new obligations.............         -29        -218         -10
24.40 Unobligated balance carried 
        forward, end of year............         166           3          48
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....          55          55          55
    Change in obligated balances:
72.40 Obligated balance, start of year..                                  12
73.10 Total new obligations.............          29         218          10
73.20 Total outlays (gross).............         -29        -206          -6
74.40 Obligated balance, end of year....                      12          16
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                      55           6
86.98 Outlays from mandatory balances...          29         151
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          29         206           6
    Net budget authority and outlays:
89.00 Budget authority..................          55          55          55
90.00 Outlays...........................          29         206           6
---------------------------------------------------------------------------

    Matching funds in primaries.--Upon certification by the Federal 
Election Commission, every candidate eligible to receive payments is 
entitled to receive $250 in Federal matching funds for each eligible 
$250 private contribution received after the beginning of the calendar 
year immediately preceding the election year through the end of the 
calendar year of the election.

    Nominating conventions of parties.--Upon certification by the 
Commission, payments may be made to the national committee of a major 
party or a minor party which elects to receive its entitlement. The 
total of such payments will be limited to the amount in the account at 
the time of payment. The national committee of each party may receive 
payments beginning on July 1 of the year immediately preceding the 
calendar year in which a presidential nominating convention

[[Page 834]]

of the political party is held. By statute, the two major parties 
receive $4 million each, plus a cost-of-living increase. In 2000, both 
parties received $13.5 million for their nominating conventions.

    Candidates for general elections.--By statute, the eligible 
candidates of each major party in a presidential election are entitled 
to equal payments in an amount which, in the aggregate, shall not exceed 
$20 million each, plus a cost-of-living increase. In 2000, this amounted 
to $67.6 million for each candidate.

    Also, provision is made for new parties, minor parties and 
candidates, who may receive in excess of 5 percent of the popular vote 
and therefore be entitled to reimbursement of qualified campaign 
expenditures.

                                

                         Sallie Mae Assessments

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5407-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Receipts:
02.00 Sallie Mae assessments............                       1           1
    Appropriations:
05.00 Sallie Mae assessments............                      -1          -1
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5407-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 99.5)...................           1           1           1
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1                       1
22.00 New budget authority (gross)......                       1           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           1           1           2
23.95 Total new obligations.............          -1          -1          -1
24.40 Unobligated balance carried 
        forward, end of year............                       1           1
    New budget authority (gross), detail:
      Discretionary:

40.20   Appropriation (special fund)....                       1           1
    Change in obligated balances:
73.10 Total new obligations.............           1           1           1
73.20 Total outlays (gross).............          -1          -1          -2
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                       1           1
86.93 Outlays from discretionary 
        balances........................           1                       1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           1           1           2
    Net budget authority and outlays:
89.00 Budget authority..................                       1           1
90.00 Outlays...........................           1           1           2
---------------------------------------------------------------------------

    The Secretary of the Treasury is authorized by the Higher Education 
Act of 1965, as amended to collect from the Student Loan Marketing 
Association an annual assessment of up to $800,000, adjusted by the 
Consumer Price Index, to cover the expenses relating to providing 
financial oversight of the Association.

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-5407-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           3           3           3
---------------------------------------------------------------------------

                                

Public enterprise funds:

                       Exchange Stabilization Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4444-0-3-155      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............         225         229         234
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................         225         229         234
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year (Special 
        drawing rights).................      23,663      23,915      24,170
22.00 New budget authority (gross)......         477         484         492
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      24,140      24,399      24,662
23.95 Total new obligations.............        -225        -229        -234
24.40 Unobligated balance carried 
        forward, end of year............      23,915      24,170      24,428
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         477         484         492
    Change in obligated balances:
72.40 Obligated balance, start of year..      14,135      14,360      14,589
73.10 Total new obligations.............         225         229         234
74.40 Obligated balance, end of year....      14,360      14,589      14,823
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on Federal securities        -124        -126        -128
88.40     Interest on foreign 
            investments.................        -353        -358        -364
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -477        -484        -492
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -477        -484        -492
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...       9,717      10,502      10,713
92.02 Total investments, end of year: 
        Federal securities: Par value...      10,502      10,713      10,713
---------------------------------------------------------------------------

    The Secretary of the Treasury is authorized to deal in gold and 
foreign exchange and other instruments of credit and securities as 
deemed necessary, consistent with U.S. obligations in the International 
Monetary Fund (IMF), regarding orderly exchange arrangements and a 
stable system of exchange rates. An Exchange Stabilization Fund, with a 
capital of $200 million, is authorized by law for this purpose (31 
U.S.C. 5302). All earnings and interest accruing to this fund are 
available for the purposes thereof. Transactions in special drawing 
rights (SDR's) and U.S. holdings of SDR's are administered by the fund. 
U.S. drawings from the IMF, if any, are also advanced to the fund.

    The principal sources of the fund's income have been profits on 
foreign exchange transactions and earnings on investments held by the 
fund, including interest earned on fund holdings of U.S. Government 
securities.

    The amounts reflected in the 2004 and 2005 estimates entail only 
projected net interest earnings on Exchange Stabilization Fund (ESF) 
assets. The estimates are subject to considerable variance, depending on 
changes in the amount and composition of assets and the interest rates 
applied to investments. In addition, exchange rate fluctuations can 
cause the dollar value of income received on foreign currency and SDR 
investments to fluctuate. Moreover, estimates make no attempt to 
forecast gains or losses reflecting SDR valuation or foreign currency 
valuation. As required by Public Law 95-612, the fund is not used to 
meet the administrative expenses.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4444-0-3-155    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

        Investments in US securities:
1102      Treasury securities, par......       9,717         10,502

[[Page 835]]

1106      Receivables, net..............
      Non-Federal assets:

1201    Foreign Currency Investments....      16,046         18,553
1206    Receivables, net................         118            102
1801  Other Federal assets: Cash and 
        other monetary assets...........      11,710         12,062
                                        ------------ --------------  ------------  -------------
1999    Total assets....................      37,591         41,219
    LIABILITIES:
2207  Non-Federal liabilities: Other....       8,705          9,223
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       8,705          9,223
    NET POSITION:
3100  Appropriated capital..............         200            200
3300  Cumulative results of operations..      28,686         31,796
                                        ------------ --------------  ------------  -------------
3999    Total net position..............      28,886         31,996
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position      37,591         41,219
-----------------------------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

                                

Intragovernmental funds:

                          Working Capital Fund 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4501-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.10 Working capital fund..............         279         245         245
09.11 Administrative overhead...........           9          10          10
                                           ---------   ---------  ----------
10.00   Total new obligations...........         288         255         255
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          28          50          40
22.00 New budget authority (gross)......         266         245         245
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          44
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         338         295         285
23.95 Total new obligations.............        -288        -255        -255
24.40 Unobligated balance carried 
        forward, end of year............          50          40          30
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         262         245         245
69.10   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           4
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........         266         245         245
    Change in obligated balances:
72.40 Obligated balance, start of year..         190         121          81
73.10 Total new obligations.............         288         255         255
73.20 Total outlays (gross).............        -309        -295        -290
73.45 Recoveries of prior year 
        obligations.....................         -44
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -4
74.40 Obligated balance, end of year....         121          81          46
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         266         221         233
86.98 Outlays from mandatory balances...          43          74          57
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         309         295         290
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -262        -245        -245
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -4
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          47          50          45
---------------------------------------------------------------------------

    Central services in the Department of the Treasury working capital 
fund include: telecommunications, printing, reproduction, computer 
support/usage, personnel/payroll, automated financial management 
systems, training, centralized short-term management assistance, 
procurement information, information technology services, an 
environmental health and safety program, and printing procurement 
services. These services are provided on a reimbursable basis at rates 
which will recover the fund's operating expenses, including accrual of 
annual leave and depreciation of equipment.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4501-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................          19          24          25
12.1  Civilian personnel benefits.......           4           5           6
21.0  Travel and transportation of 
        persons.........................           1           1           1
23.1  Rental payments to GSA............           4           2           2
23.3  Communications, utilities, and 
        miscellaneous charges...........           2           9          11
25.1  Advisory and assistance services..          14          12          12
25.2  Other services....................         109          90          85
25.3  Other purchases of goods and 
        services from Government 
        accounts........................          38          35          36
25.7  Operation and maintenance of 
        equipment.......................          83          60          60
26.0  Supplies and materials............           1           2           2
31.0  Equipment.........................          13          15          15
                                           ---------   ---------  ----------
99.9    Total new obligations...........         288         255         255
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4501-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         214         230         230
---------------------------------------------------------------------------

                                

                         Treasury Franchise Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Consolidated/Integrated 
        Administrative Management.......         391         485         522
09.02 Financial Management 
        Administrative Support Service..          56          75          80
09.03 Financial Systems, Consulting and 
        Training........................          14          20          24
                                           ---------   ---------  ----------
10.00   Total new obligations...........         461         580         626
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         139         202         188
22.00 New budget authority (gross)......         504         551         608
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          19          15          15
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         662         768         811
23.95 Total new obligations.............        -461        -580        -626
24.40 Unobligated balance carried 
        forward, end of year............         202         188         185
    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).         384         452         499
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         120          99         109
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         504         551         608
    Change in obligated balances:
72.40 Obligated balance, start of year..         -74        -130        -111
73.10 Total new obligations.............         461         580         626
73.20 Total outlays (gross).............        -377        -447        -490
73.45 Recoveries of prior year 
        obligations.....................         -19         -15         -15
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................        -120         -99        -109
74.40 Obligated balance, end of year....        -130        -111         -99
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         338         402         407
86.93 Outlays from discretionary 
        balances........................          39          45          83
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         377         447         490
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............        -383        -451        -498
88.40     Non-Federal sources...........          -1          -1          -1
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -384        -452        -499

[[Page 836]]

      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................        -120         -99        -109
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          -7          -5          -9
---------------------------------------------------------------------------

    Department of the Treasury was chosen as a pilot Franchise Fund 
under P.L. 103-356, the Government Management and Reform Act of 1994. 
Begun in 1997, financial and administrative services included in the 
Franchise Fund (Fund) are financed on a fee-for-service basis. 
Treasury's Fund is a revolving fund used to supply financial and 
administrative services on the basis of services supplied. For 2005, 
service activities are expected to have spending authority of $499 
million and employ 582 people.

    Activities included in the Fund are financial training, accounting 
cross-servicing, and various administrative support services. The Fund 
concept is intended to increase competition for government and financial 
administrative services, resulting in lower costs and higher quality.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............          30          32          35
11.3    Other than full-time permanent..           1           2           3
11.5    Other personnel compensation....           1           2           3
                                           ---------   ---------  ----------
11.9      Total personnel compensation..          32          36          41
12.1  Civilian personnel benefits.......           8          10          12
21.0  Travel and transportation of 
        persons.........................           1           2           3
23.1  Rental payments to GSA............           1           2           3
23.3  Communications, utilities, and 
        miscellaneous charges...........           9          11          12
24.0  Printing and reproduction.........           3           5           6
25.1  Advisory and assistance services..           7           9          11
25.2  Other services....................         387         484         511
25.3  Other purchases of goods and 
        services from Government 
        accounts........................           6           8          10
25.7  Operation and maintenance of 
        equipment.......................           1           2           3
26.0  Supplies and materials............           1           2           3
31.0  Equipment.........................           5           9          11
                                           ---------   ---------  ----------
99.9    Total new obligations...........         461         580         626
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         528         557         582
---------------------------------------------------------------------------

                                

Credit accounts:

            Air Transportation Stabilization Program Account

    For necessary expenses to administer the Air Transportation 
Stabilization Board established by section 102 of the Air Transportation 
Safety and System Stabilization Act (Public Law 107-42), [$2,538,000,] 
$2,800,000 to remain available until expended. In fiscal year 2005, the 
Air Transportation Stabilization Board may charge and collect a fee to 
the borrower to cover the cost of processing consent and other legal 
documents. Such fees shall be deposited in the Air Transportation 
Stabilization Board Guaranteed Loan Financing account to offset the 
subsidy cost of the applicable loan guarantee in accordance with the 
provisions of the Federal Credit Reform Act of 1990. (Division F, H.R. 
2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Loan guarantee subsidy............         180
00.07 Reestimates of loan guarantee 
        subsidy.........................         113          25
00.08 Interest on reestimates of loan 
        guarantee subsidy...............           1
00.09 Administrative expenses...........           6           3           3
                                           ---------   ---------  ----------
10.00   Total new obligations...........         300          28           3
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           2           3           3
22.00 New budget authority (gross)......         300          28           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         302          31           6
23.95 Total new obligations.............        -300         -28          -3
24.40 Unobligated balance carried 
        forward, end of year............           3           3           3
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           6           3           3
      Mandatory:

60.00   Appropriation...................         294          25
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         300          28           3
    Change in obligated balances:
72.40 Obligated balance, start of year..           4           3
73.10 Total new obligations.............         300          28           3
73.20 Total outlays (gross).............        -300         -30          -3
74.40 Obligated balance, end of year....           3
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           5           3           3
86.93 Outlays from discretionary 
        balances........................           1           2
86.97 Outlays from new mandatory 
        authority.......................         294          25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         300          30           3
    Net budget authority and outlays:
89.00 Budget authority..................         300          28           3
90.00 Outlays...........................         300          30           3
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
215001Airline loan guarantees...........       1,276          30
                                           ---------   ---------  ----------
215901Total loan guarantee levels.......       1,276          30
    Guaranteed loan subsidy (in percent):
232001Airline loan guarantees...........       13.70       -8.93
                                           ---------   ---------  ----------
232901Weighted average subsidy rate.....       13.70       -8.93
    Guaranteed loan subsidy budget authority:
233001Airline loan guarantees...........         180          -3
                                           ---------   ---------  ----------
233901Total subsidy budget authority....         180          -3
    Guaranteed loan subsidy outlays:
234001Airline loan guarantees...........         180          -3
                                           ---------   ---------  ----------
234901Total subsidy outlays.............         180          -3
    Guaranteed loan upward reestimate subsidy 
                budget authority:
235001Airline loan guarantees...........         114          25
                                           ---------   ---------  ----------
235901Total upward reestimate budget 
        authority.......................         114          25
    Guaranteed loan downward reestimate subsidy 
                budget authority:
237001Airline loan guarantees...........                    -233
                                           ---------   ---------  ----------
237901Total downward reestimate subsidy 
        budget authority................                    -233
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................           6
358001Outlays from balances.............           1
359001Outlays from new authority........           5
---------------------------------------------------------------------------

    On September 22, 2001, President Bush signed into law the Air 
Transportation Safety and System Stabilization Act, P.L. 107-42. The Act 
establishes the Air Transportation Stabilization Board. The Board may 
issue up to $10 billion in loan guarantees.

[[Page 837]]

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           1           1           1
25.2  Other services....................           5           1           2
41.0  Grants, subsidies, and 
        contributions...................         294          26
                                           ---------   ---------  ----------
99.9    Total new obligations...........         300          28           3
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           6           6           6
---------------------------------------------------------------------------

                                

   Air Transportation Stabilization Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4286-0-3-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Claim payments....................                     448          60
08.01 Payment of negative subsidy to 
        receipt account.................           5           3
08.02 Payment of downward reestimates to 
        receipt account.................                     224
08.04 Payment of interest on downward 
        reestimates to receipt account..                       9
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............           5         236
                                           ---------   ---------  ----------
10.00   Total new obligations...........           5         684          60
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         197         562
22.00 New financing authority (gross)...         370         122          72
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         567         684          72
23.95 Total new obligations.............          -5        -684         -60
24.40 Unobligated balance carried 
        forward, end of year............         562                      12
    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............                      37
69.00 Offsetting collections (cash).....         355          66
69.00 Offsetting collections (cash).....                       9           4
69.00 Offsetting collections (cash).....                      25          68
69.10 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          15         -15
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................         370          85          72
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................         370         122          72
    Change in obligated balances:
72.40 Obligated balance, start of year..                     -15
73.10 Total new obligations.............           5         684          60
73.20 Total financing disbursements 
        (gross).........................          -5        -684         -60
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -15          15
74.40 Obligated balance, end of year....         -15
87.00 Total financing disbursements 
        (gross).........................           5         684          60
    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............        -294         -25
88.25     Interest on uninvested funds..                      -9          -4
88.40     Non-Federal sources...........         -61         -66         -68
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -355        -100         -72
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............         -15          15
    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............                      37
90.00 Financing disbursements...........        -349         584         -12
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4286-0-3-402      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........
2121  Limitation available from carry-
        forward.........................       9,571       8,138       8,108
2143  Uncommitted limitation carried 
        forward.........................      -8,138      -8,108      -8,108
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................       1,433          30
2199  Guaranteed amount of guaranteed 
        loan commitments................       1,361          28
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         429       1,797       1,255
2231  Disbursements of new guaranteed 
        loans...........................       1,433          30
2251  Repayments and prepayments........         -65        -124        -134
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................                    -448         -60
                                           ---------   ---------  ----------
2290    Outstanding, end of year........       1,797       1,255       1,061
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       1,473       1,025         893
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......                                 448
2331    Disbursements for guaranteed 
          loan claims...................                     448          60
2351    Repayments of loans receivable..                                 -65
2361    Write-offs of loans receivable..                                -383
                                           ---------   ---------  ----------
2390      Outstanding, end of year......                     448          60
---------------------------------------------------------------------------

    The Board does not anticipate making any new loan guarantees in 
2005.

    As required by the Federal Credit Reform Act of 1990, as amended, 
this non-budgetary account records all cash flows to and from the 
Government resulting from loan guarantees obligated in 1992 and beyond. 
The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4286-0-3-402    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         301            562
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............
1505    Allowance for subsidy cost (-)..
                                        ------------ --------------  ------------  -------------
1599      Net present value of assets 
            related to defaulted 
            guaranteed loans............
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         301            562
    LIABILITIES:
2104  Federal liabilities: Resources 
        payable to Treasury.............
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.         301            562
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         301            562
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         301            562
-----------------------------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

                                

    Community Development Financial Institutions Fund Program Account

    To carry out the Community Development Banking and Financial 
Institutions Act of 1994, including services authorized by 5 U.S.C. 
3109, but at rates for individuals not to exceed the per diem rate 
equivalent to the rate for ES-3, [$61,000,000] $48,403,000, to remain 
available until September 30, [2005] 2006, of which $4,000,000 shall

[[Page 838]]

be for financial assistance, technical assistance, training and outreach 
programs designed to benefit Native American, Native Hawaiian, and 
Alaskan Native communities and provided primarily through qualified 
community development lender organizations with experience and expertise 
in community development banking and lending in Indian country, Native 
American organizations, tribes and tribal organizations and other 
suitable providers, and up to [$12,000,000] $15,321,000 may be used for 
administrative expenses, including administration of the New Markets Tax 
Credit, up to $6,000,000 may be used for the cost of direct loans, and 
up to $250,000 may be used for administrative expenses to carry out the 
direct loan program: Provided, That the cost of direct loans, including 
the cost of modifying such loans, shall be as defined in section 502 of 
the Congressional Budget Act of 1974, as amended: Provided further, That 
these funds are available to subsidize gross obligations for the 
principal amount of direct loans not to exceed $11,000,000. (Division G, 
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............           1           4           4
00.05 Reestimates of Direct Loan Subsidy           1
00.09 General administrative expenses...          11          13          15
00.11 Bank enterprise awards program....          14          11           4
00.12 Financial Assistance..............          19          32          19
00.13 Technical Assistance..............           2          11           3
00.14 Native American/Hawaiian Program..           6           7           3
                                           ---------   ---------  ----------
10.00   Total new obligations...........          54          78          48
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           6          27          10
22.00 New budget authority (gross)......          75          61          48
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          81          88          58
23.95 Total new obligations.............         -54         -78         -48
24.40 Unobligated balance carried 
        forward, end of year............          27          10          10
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          76          61          48
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          75          61          48
    Change in obligated balances:
72.40 Obligated balance, start of year..         114          64          99
73.10 Total new obligations.............          54          78          48
73.20 Total outlays (gross).............        -102         -43         -84
73.40 Adjustments in expired accounts 
        (net)...........................          -2
74.40 Obligated balance, end of year....          64          99          63
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          10           7           6
86.93 Outlays from discretionary 
        balances........................          92          36          78
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         102          43          84
    Net budget authority and outlays:
89.00 Budget authority..................          75          61          48
90.00 Outlays...........................         102          43          84
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           4          11          11
                                           ---------   ---------  ----------
115901Total direct loan levels..........           4          11          11
    Direct loan subsidy (in percent):
132001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................       32.85       34.37       36.52
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       32.85       34.37       36.52
    Direct loan subsidy budget authority:
133001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           1           4           4
                                           ---------   ---------  ----------
133901Total subsidy budget authority....           1           4           4
    Direct loan subsidy outlays:
134001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           6           4           4
                                           ---------   ---------  ----------
134901Total subsidy outlays.............           6           4           4
    Direct loan upward reestimate subsidy budget 
                authority:
135001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           1
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................           1
    Direct loan downward reestimate subsidy budget 
                authority:
137001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................          -1          -2
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................          -1          -2
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................          11          13          15
358001Outlays...........................          11          13          15
---------------------------------------------------------------------------

    The Riegle Community Development and Regulatory Improvement Act of 
1994 established the Community Development Financial Institutions (CDFI) 
Fund. The CDFI Fund provides equity investments, grants, loans, and 
technical assistance to new and existing community development financial 
institutions (CDFIs) such as community development banks, community 
development credit unions, community development loan and venture 
capital funds, and microenterprise loan funds. Funds provided by the 
CDFI Fund will enhance the capacity of these institutions to finance 
economic development, including small businesses, community facilities, 
housing, and other community development initiatives in distressed 
urban, rural, Native American, Native Hawaiian, and Alaska Native 
communities. The CDFI Fund also provides grants to insured depository 
institutions to facilitate investment in CDFIs and increase community 
lending activities. In addition, the CDFI Fund administers the New 
Markets Tax Credit Program by providing allocations of tax credits to 
Community Development Entities (CDEs) which in turn provide the tax 
credits to entities which invest in the CDEs. The Fund is seeking 
reauthorization of its activities under the Community Development 
Banking and Financial Institutions Act.

    The CDFI Fund helps to address the urgent problems of declining 
economic and social infrastructure, loss of jobs, lack of private 
enterprise, and deteriorating housing facing many American communities 
today. Government investment and technical assistance supplements 
private funds and expertise to ensure that CDFIs are effective in 
restoring and creating healthy economies.

                          PERFORMANCE MEASURES

                                      2003 act.   2004 est.   2005 est.
Number of full-time equivalent jobs 
in underserved communities created 
or maintained.......................       7,602      35,015      32,412
Number of affordable housing units 
(including rental units) in 
underserved communities developed or 
rehabilitated.......................      34,009      59,114      54,720

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           5           5           6
12.1  Civilian personnel benefits.......           1           1           1
23.1  Rental payments to GSA............           1           1           1
25.2  Other services....................           4           6           7
41.0  Grants, subsidies, and 
        contributions...................          43          65          33
                                           ---------   ---------  ----------
99.9    Total new obligations...........          54          78          48
---------------------------------------------------------------------------

[[Page 839]]



                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          53          71          71
---------------------------------------------------------------------------

                                

Community Development Financial Institutions Fund Direct Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4088-0-3-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................           4          11          11
08.02 Payment of a downward reestimate 
        to a receipt account............           1           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........           5          13          11
    Budgetary resources available for obligation:
22.00 New financing authority (gross)...           5          13          11
23.95 Total new obligations.............          -5         -13         -11
    New financing authority (gross), detail:
      Discretionary:

47.00   Authority to borrow.............           1           6           4
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...           9           7           7
68.10   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -5
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......           4           7           7
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................           5          13          11
    Change in obligated balances:
72.40 Obligated balance, start of year..          12           4           7
73.10 Total new obligations.............           5          13          11
73.20 Total financing disbursements 
        (gross).........................         -18         -10         -10
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           5
74.40 Obligated balance, end of year....           4           7           8
87.00 Total financing disbursements 
        (gross).........................          18          10          10
    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -7          -4          -4
88.40     Non-Federal sources Intrest 
            repayments..................          -1          -2          -2
88.40     Non-Federal sources--Principal          -1          -1          -1
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -9          -7          -7
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............           5
    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............           1           6           4
90.00 Financing disbursements...........           9           3           3
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4088-0-3-451      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          11          11          11
1142  Unobligated direct loan limitation 
        (-).............................          -7
                                           ---------   ---------  ----------
1150    Total direct loan obligations...           4          11          11
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          41          50          59
1231  Disbursements: Direct loan 
        disbursements...................          10          10          10
1251  Repayments: Repayments and 
        prepayments.....................          -1          -1          -1
1263  Write-offs for default: Direct 
        loans...........................                                  -1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          50          59          67
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4088-0-3-451    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Investments in US securities:

1106    Federal assets: Receivables, net
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..          41             50
1405    Allowance for subsidy cost (-)..         -16            -18
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....          25             32
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          25             32
    LIABILITIES:
2103  Federal liabilities: Debt.........          25             32
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          25             32
    NET POSITION:
                                        ------------ --------------  ------------  -------------
3999    Total net position..............
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          25             32
-----------------------------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

                                

  

                               Trust Funds

                     Violent Crime Reduction Program

    Of the unobligated balances available under this heading, $1,000,000 
is cancelled.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8526-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Direct program:

00.01   Departmental Offices............           2           1
00.02   Financial Crimes Enforcement 
          Network.......................           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........           4           1
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           2           1
22.00 New budget authority (gross)......           1                      -1
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           7           2
23.95 Total new obligations.............          -4          -1
24.40 Unobligated balance carried 
        forward, end of year............           2           1
    New budget authority (gross), detail:
      Discretionary:

40.36   Unobligated balance permanently 
          reduced.......................                                  -1
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................           1                      -1
    Change in obligated balances:
72.40 Obligated balance, start of year..          19          18           6
73.10 Total new obligations.............           4           1
73.20 Total outlays (gross).............          -4         -13          -6
73.45 Recoveries of prior year 
        obligations.....................          -1
74.40 Obligated balance, end of year....          18           6
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           1
86.93 Outlays from discretionary 
        balances........................           3          13           6
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           4          13           6
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -1
    Net budget authority and outlays:
89.00 Budget authority..................                                  -1
90.00 Outlays...........................           4          13           6
---------------------------------------------------------------------------



[[Page 840]]



    Amounts for the Department of the Treasury's portion of Crime 
Control Programs are derived from transfers from the Violent Crime 
Reduction Trust Fund (VCRTF) as authorized by the Crime Control and Law 
Enforcement Act of 1994. The VCRTF was authorized through 2000. The 
Budget proposes to rescind $1 million in VCRTF balances.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8526-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
25.2  Other services....................           2           1
31.0  Equipment.........................           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........           4           1
---------------------------------------------------------------------------

                                

                              Federal Funds

                  Financial Crimes Enforcement Network

                          salaries and expenses

    For necessary expenses of the Financial Crimes Enforcement Network, 
including hire of passenger motor vehicles; travel expenses of non-
Federal law enforcement personnel to attend meetings concerned with 
financial intelligence activities, law enforcement, and financial 
regulation; not to exceed $14,000 for official reception and 
representation expenses; and for assistance to Federal law enforcement 
agencies, with or without reimbursement, [$57,571,000] $64,502,000, of 
which not to exceed [$4,500,000] $7,000,000 shall remain available until 
September 30, [2006] 2007; and of which [$8,152,000] $8,354,000 shall 
remain available until September 30, [2005] 2006: Provided, That funds 
appropriated in this account may be used to procure personal services 
contracts. (Division F, H.R. 2673, Consolidated Appropriations Bill, FY 
2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Investigative analysis, BSA 
        administration, and 
        international activities........          43          50          56
00.02 Regulatory support programs, 
        including money services 
        businesses......................           5           9           8
09.01 Reimbursable program..............           4           6           3
                                           ---------   ---------  ----------
10.00   Total new obligations...........          52          65          67
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           9           7
22.00 New budget authority (gross)......          56          63          68
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          61          72          75
23.95 Total new obligations.............         -52         -65         -67
24.40 Unobligated balance carried 
        forward, end of year............           9           7           8
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          52          57          65
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           4           6           3
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          56          63          68
    Change in obligated balances:
72.40 Obligated balance, start of year..          11           9          16
73.10 Total new obligations.............          52          65          67
73.20 Total outlays (gross).............         -55         -58         -76
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           2
74.40 Obligated balance, end of year....           9          16           7
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          42          49          52
86.93 Outlays from discretionary 
        balances........................          13           9          24
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          55          58          76
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -6          -6          -3
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           2
    Net budget authority and outlays:
89.00 Budget authority..................          52          57          65
90.00 Outlays...........................          49          52          73
---------------------------------------------------------------------------

    FinCEN's mission is to collect, analyze, and share information 
needed to combat the financial aspects of criminal activity worldwide. 
FinCEN achieves this mission by: (1) administering the Bank Secrecy Act 
(BSA), our nation's comprehensive anti-money laundering statute, and (2) 
analyzing and sharing the BSA information with U.S. law enforcement and 
international counterparts, to assist them in identifying and tracking 
the financial aspects of criminal investigations.

    FinCEN was established in April 1990, by the U.S. Department of the 
Treasury, and was elevated to bureau status in October 2001. FinCEN is 
one of three entities (including the Office of Foreign Assets Control 
and the Internal Revenue Service Criminal Investigation Division) within 
the Treasury responsible for combating money laundering and terrorist 
financing. These entities work collaboratively with the Executive Office 
of Terrorist Financing and Financial Crimes under Treasury's Deputy 
Secretary.

    BSA Administration and Investigative Analysis.--This activity 
comprises FinCEN's efforts to administer the BSA, such as promulgating 
regulations, providing outreach and guidance to the regulated 
industries, initiating regulatory enforcement actions, and, with the 
IRS, managing the information filed by the regulated industries. 
Internationally, FinCEN promotes the development of anti-money 
laundering regimes through training and technical assistance. This 
activity also incorporates FinCEN's efforts to support law enforcement, 
such as providing investigative case research, facilitating the exchange 
of investigative information with foreign jurisdictions, and identifying 
foreign and domestic money laundering and terrorist financing trends, 
patterns, and techniques.

    Because FinCEN both collects and analyzes the BSA data, it is able 
to assess and demonstrate the value of the data then suggest ways to 
increase its value and strike a balance between meeting law 
enforcement's information needs, minimizing the burden on regulated 
industry, and protecting individual privacy.

    Regulatory Support Programs, including Money Services Businesses.--
This activity supports requirements to strengthen anti-money laundering 
controls with the money services businesses industry, casinos, broker/
dealers, securities, and other industries with new program or reporting 
requirements under the Bank Secrecy Act. This activity also incorporates 
FinCEN's efforts with the IRS, especially related to the money services 
businesses industry, to assure compliance, respond to public inquiries, 
distribute forms and publications, and support information processing of 
BSA data.

                          PERFORMANCE MEASURES

                                     2003 actual  2004 est.   2005 est.
Number of vulnerable industries 
covered by anti-money laundering 
regulations.........................           8          13          13
Percentage of customers (financial 
institutions) satisfied with 
FinCEN's regulatory guidance*.......         77%          NA         80%
Average time to process a civil 
penalty case........................   1.3 years   1.2 years   1.1 years
Number of users directly accessing 
BSA data through FinCEN's Gateway 
process.............................       1,105       1,700       3,000
Share of BSA filings submitted 
electronically......................          4%         20%         40%
Percentage of FinCEN's customers 
rating its investigative case 
reports as valuable*................         71%          NA         73%
Number of subjects in completed 
investigative analytical reports....      30,429     30,000-     31,000-
                                                      32,000      33,000
    *Surveys are conducted every two years.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          17          20          22
11.5      Other personnel compensation..           1           1           1
                                           ---------   ---------  ----------

[[Page 841]]


11.9        Total personnel compensation          18          21          23
12.1    Civilian personnel benefits.....           4           5           6
21.0    Travel and transportation of 
          persons.......................           1           1           1
23.1    Rental payments to GSA..........           3           4           4
23.3    Communications, utilities, and 
          miscellaneous charges.........           1           1           1
24.0    Printing and reproduction.......           1
25.2    Other services..................           3           9          11
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           7           9           9
25.4    Operation and maintenance of 
          facilities....................           1           1           1
25.7    Operation and maintenance of 
          equipment.....................           7           6           6
31.0    Equipment.......................           2           2           2
                                           ---------   ---------  ----------
99.0      Direct obligations............          48          59          64
99.0  Reimbursable obligations..........           4           6           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........          52          65          67
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         229         277         291
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           1           1           1
---------------------------------------------------------------------------

                                


 
                       INTERAGENCY LAW ENFORCEMENT

                              Federal Funds

General and special funds:

                 Interagency Crime and Drug Enforcement

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1501-0-1-751      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Internal Revenue Service..........          66
00.02 Bureau of Alcohol, Tobacco and 
        Firearms........................          11
00.03 United States Customs Service.....          30
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.3)...................         107
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         107
23.95 Total new obligations.............        -107
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         108
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         107
    Change in obligated balances:
72.40 Obligated balance, start of year..           4           7
73.10 Total new obligations.............         107
73.20 Total outlays (gross).............        -103          -7
73.40 Adjustments in expired accounts 
        (net)...........................          -1
74.40 Obligated balance, end of year....           7
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         100
86.93 Outlays from discretionary 
        balances........................           3           7
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         103           7
    Net budget authority and outlays:
89.00 Budget authority..................         107
90.00 Outlays...........................         103           7
---------------------------------------------------------------------------

    Beginning in FY 2004, funding for these activities is provided 
directly to the relevant law enforcement entities, by reimbursement from 
the Department of Justice's Interagency Law Enforcement appropriation.

                                


 
                      FINANCIAL MANAGEMENT SERVICE

                              Federal Funds

General and special funds:

                          Salaries and Expenses

    For necessary expenses of the Financial Management Service, 
[$228,558,000] $230,930,000, of which not to exceed $9,220,000 shall 
remain available until September 30, [2006] 2007, for information 
systems modernization initiatives; and of which not to exceed $2,500 
shall be available for official reception and representation expenses. 
(Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.20 Debt collection...................          42          32          32
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          42          32          32
    Appropriations:
05.00 Salaries and expenses.............         -42         -32         -32
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Direct program:

00.05   Payments........................         139         137         142
00.06   Collections.....................          14          16          17
00.07   Debt collection.................          52          47          42
00.08   Governmentwide accounting and 
          reporting.....................          55          59          62
09.01 Reimbursable program..............         144         131         117
                                           ---------   ---------  ----------
10.00   Total new obligations...........         404         390         380
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          38          41          41
22.00 New budget authority (gross)......         407         390         380
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         445         431         421
23.95 Total new obligations.............        -404        -390        -380
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
24.40 Unobligated balance carried 
        forward, end of year............          41          41          41
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         222         228         231
40.35   Appropriation permanently 
          reduced.......................          -1          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         221         227         231
      Mandatory:

60.20   Appropriation (special fund)....          42          32          32
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).         123         131         117
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          21
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         144         131         117
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         407         390         380
    Change in obligated balances:
72.40 Obligated balance, start of year..          40          53          43
73.10 Total new obligations.............         404         390         380
73.20 Total outlays (gross).............        -387        -400        -370
73.40 Adjustments in expired accounts 
        (net)...........................          -5
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -21
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................          22
74.40 Obligated balance, end of year....          53          43          55
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         314         327         315
86.93 Outlays from discretionary 
        balances........................          40          42          23
86.97 Outlays from new mandatory 
        authority.......................           3          31          32
86.98 Outlays from mandatory balances...          30
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         387         400         370

[[Page 842]]

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -141        -131        -117
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................         -21
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          18
    Net budget authority and outlays:
89.00 Budget authority..................         263         259         263
90.00 Outlays...........................         246         269         253
---------------------------------------------------------------------------

    1. Payments.--FMS implements payment policy and procedures for the 
Federal Government, issues and distributes payments, promotes the use of 
electronics in the payment process, and assists agencies in converting 
payments from paper checks to electronic funds transfer (EFT). The 
control and financial integrity of the Federal payments and collections 
process includes reconciliation, accounting, and claims activities. The 
claims activities settle claims against the United States resulting from 
Government checks which have been forged, lost, stolen, or destroyed, 
and collects monies from those parties liable for fraudulent or 
otherwise improper negotiation of Government checks.

                          PERFORMANCE MEASURES

                                     2003 actual  2004 est.   2005 est.
FMS will make paper check and EFT 
payments on time....................    99.9999%        100%        100%
FMS will make paper check and EFT 
payments accurately.................    99.9998%        100%        100%

                           WORKLOAD STATISTICS

                               (Thousands)

                                     2003 actual  2004 est.   2005 est.
1. Number of check claims submitted.        1494        1350        1300
2. Number of check payments.........     244,568     238,000     233,000
3. Number of electronic payments....     684,832     696,000     721,000

    2. Collections.--FMS implements collections policy, regulations, 
standards, and procedures for the Federal Government, facilitates 
collections, promotes the use of electronics in the collections process, 
and assists agencies in converting collections from paper to electronic 
media.

                          PERFORMANCE MEASURES

                                     2003 actual  2004 est.   2005 est.
FMS will collect electronically the 
total dollar amount of Federal 
government receipts.................         80%         81%         82%

    3. Debt Collection.--FMS provides debt collection operational 
services to client agencies which include collection of delinquent 
accounts, offsets of Federal payments against debts owed the government, 
post-judgment enforcement, consolidation of information reported to 
credit bureaus, reporting for discharged debts or vendor payments, and 
disposition of foreclosed property. The Debt Collection activity 
received an ``effective'' rating on a recent evaluation using OMB's 
Program Assessment Rating Tool (PART).

    As a result, the Budget includes several proposals to increase and 
enhance opportunities to collect delinquent debts. Three of these 
proposals are included in the title VI Government General Provisions 
(sections 636, 637, and 638). Language for the fourth proposal is 
proposed for later transmittal.

                          PERFORMANCE MEASURES

                                        2003        2004        2005
Amount of delinquent debt collected 
through all available tools.........$3.1 billion$2.9 billion$3.0 billion
Percentage of delinquent debt 
referred to FMS for collection 
compared to amount eligible for 
referral............................         92%         90%         92%

    4. Government-wide Accounting and Reporting.--FMS provides financial 
accounting, reporting, and financing services to the Federal Government 
and the Government's agents who participate in the payments and 
collections process by generating a series of daily, monthly, quarterly 
and annual Government-wide reports. FMS also works directly with 
agencies to help reconcile reporting differences.

                          PERFORMANCE MEASURES

                                     2003 actual  2004 est.   2005 est.
FMS will issue accurate government-
wide accounting reports.............         98%        100%        100%
FMS will issue accurate government-
wide accounting reports on time.....        100%        100%        100%
Percentage of reporting locations 
with reconciliation differences, for 
deposits and payments, less than 
three months old....................         N/A         N/A         95%

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         126         123         126
11.3      Other than full-time permanent           2           3           3
11.5      Other personnel compensation..           3           3           3
                                           ---------   ---------  ----------
11.9        Total personnel compensation         131         129         132
12.1    Civilian personnel benefits.....          29          27          28
21.0    Travel and transportation of 
          persons.......................           2           3           3
23.1    Rental payments to GSA..........          16          17          17
23.3    Communications, utilities, and 
          miscellaneous charges.........          12          14          14
25.1    Advisory and assistance services           5           5           5
25.2    Other services..................          27          28          28
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           4           5           5
25.4    Operation and maintenance of 
          facilities....................           1           1           1
25.7    Operation and maintenance of 
          equipment.....................          10          10          10
26.0    Supplies and materials..........           5           4           4
31.0    Equipment.......................          16          16          16
32.0    Land and structures.............           2
                                           ---------   ---------  ----------
99.0      Direct obligations............         260         259         263
99.0  Reimbursable obligations..........         143         130         116
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........         404         390         380
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       1,986       2,044       2,044
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          83          85          90
---------------------------------------------------------------------------

                                

                Payment to Justice, FIRREA Related Claims

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0177-0-1-752      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       2           2
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......                       2           2
24.40 Unobligated balance carried 
        forward, end of year............           2           2           2
    Change in obligated balances:
72.40 Obligated balance, start of year..           2
73.45 Recoveries of prior year 
        obligations.....................          -2
    Net budget authority and outlays:
89.00 Budget authority..................

[[Page 843]]

90.00 Outlays...........................
---------------------------------------------------------------------------

    In 1998, the Secretary of the Treasury was authorized to use funds 
made available to the FSLIC Resolution Fund to reimburse the Department 
of Justice for the reasonable expenses of litigation that were incurred 
in the defense of claims against the U.S. arising from FIRREA and its 
implementation.

                                

             Payment to the Resolution Funding Corporation 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1851-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........       1,717       1,707       1,707
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       1,717       1,707       1,707
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       1,717       1,707       1,707
23.95 Total new obligations.............      -1,717      -1,707      -1,707
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       1,717       1,707       1,707
    Change in obligated balances:
73.10 Total new obligations.............       1,717       1,707       1,707
73.20 Total outlays (gross).............      -1,717      -1,707      -1,707
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       1,717       1,707       1,707
    Net budget authority and outlays:
89.00 Budget authority..................       1,717       1,707       1,707
90.00 Outlays...........................       1,717       1,707       1,707
---------------------------------------------------------------------------

    The Financial Institutions Reform, Recovery, and Enforcement Act of 
1989 (FIRREA) authorized and appropriated to the Secretary of the 
Treasury, such sums as may be necessary to cover interest payments on 
obligations issued by the Resolution Funding Corporation (REFCORP). 
REFCORP was established under the Act to raise $31.2 billion for the 
Resolution Trust Corporation (RTC) in order to resolve savings 
institution insolvencies.

    Sources of payment for interest due on REFCORP obligations include 
REFCORP investment income, proceeds from the sale of assets or warrants 
acquired by the RTC, and annual contributions by the Federal Home Loan 
Banks. If these payment sources are insufficient to cover all interest 
costs, funds appropriated to the Treasury shall be used to meet the 
shortfall.

                                

     Payment to Terrestrial Wildlife Habitat Restoration Trust Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1738-0-1-306      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Cheyenne River Sioux Tribe 
        terrestrial wildlife habitat 
        restoration trust fund..........           4           4           4
00.02 Lower Breul Sioux Tribe 
        terrestrial wildlife habitat 
        restoration trust fund..........           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           5           5           5
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           5           5           5
23.95 Total new obligations.............          -5          -5          -5
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           5           5           5
    Change in obligated balances:
73.10 Total new obligations.............           5           5           5
73.20 Total outlays (gross).............          -5          -5          -5
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           5           5           5
    Net budget authority and outlays:
89.00 Budget authority..................           5           5           5
90.00 Outlays...........................           5           5           5
---------------------------------------------------------------------------

    Section 604(b) of the Water Resources Development Act of 1999 (P.L. 
106-53) requires that the Secretary of the Treasury, beginning in 1999, 
deposit $5 million annually (74 percent into the Cheyenne River Sioux 
Tribe Terrestrial Wildlife Restoration Trust Fund and 26 percent into 
the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund) 
until a total of $57.4 million has been deposited.

                                

                 Federal Reserve Bank Reimbursement Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1884-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         172         153         200
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................         172         153         200
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       3           3
22.00 New budget authority (gross)......         175         153         200
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         175         156         203
23.95 Total new obligations.............        -172        -153        -200
24.40 Unobligated balance carried 
        forward, end of year............           3           3           3
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................         175         153         200
    Change in obligated balances:
72.40 Obligated balance, start of year..          47          40
73.10 Total new obligations.............         172         153         200
73.20 Total outlays (gross).............        -179        -193        -200
74.40 Obligated balance, end of year....          40
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         132         153         200
86.98 Outlays from mandatory balances...          47          40
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         179         193         200
    Net budget authority and outlays:
89.00 Budget authority..................         175         153         200
90.00 Outlays...........................         179         193         200
---------------------------------------------------------------------------

    This fund was established as a permanent, indefinite appropriation 
to allow the Financial Management Service to reimburse the Federal 
Reserve Banks for services provided in their capacity as depositaries 
and fiscal agents for the United States.

                                

                        Financial Agent Services

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1802-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                     258         411
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.1)...................                     258         411
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                     258         411
23.95 Total new obligations.............                    -258        -411
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                     258         411
    Change in obligated balances:
73.10 Total new obligations.............                     258         411
73.20 Total outlays (gross).............                    -258        -411
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                     258         411

[[Page 844]]

    Net budget authority and outlays:
89.00 Budget authority..................                     258         411
90.00 Outlays...........................                     258         411
---------------------------------------------------------------------------

    Legislation was proposed in the 2004 Budget to establish a permanent 
and indefinite appropriation to reimburse financial institutions for the 
services they provide as depositaries and financial agents of the 
Federal Government. The services include the acceptance and processing 
of deposits of public money, as well as services essential to the 
disbursement of and accounting for public monies. The services provided 
are authorized under numerous statutes including, but not limited to, 12 
U.S.C. 90 and 265. This permanent and indefinite appropriation is 
authorized by P.L. 108-100, the ``Check Clearing for the 21st Century 
Act.''

                                

                 Temporary State Fiscal Assistance Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1803-0-1-806      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........       5,000       5,000
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       5,000       5,000
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       5,000       5,000
23.95 Total new obligations.............      -5,000      -5,000
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       5,000       5,000
    Change in obligated balances:
73.10 Total new obligations.............       5,000       5,000
73.20 Total outlays (gross).............      -5,000      -5,000
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       5,000       5,000
    Net budget authority and outlays:
89.00 Budget authority..................       5,000       5,000
90.00 Outlays...........................       5,000       5,000
---------------------------------------------------------------------------

    On May 28, 2003, the President signed the Jobs and Growth Tax Relief 
Reconciliation Act of 2003 (P.L. 108-27). Title VI of this Act provided 
for a total of $10 billion for temporary State fiscal relief to assist 
States in providing essential government services. $5 billion of the $10 
billion was disbursed in 2003, with the remaining $5 billion to be 
disbursed in 2004. The Department of the Treasury was charged with 
distributing the payments on a pro rata basis by population to each of 
the 50 States as well as the District of Columbia, the Commonwealth of 
Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of 
the Northern Mariana Islands, and American Samoa.

                                

                      Interest on Uninvested Funds

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1860-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........           7           5           5
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................           7           5           5
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           8           5           5
23.95 Total new obligations.............          -7          -5          -5
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           8           5           5
    Change in obligated balances:
72.40 Obligated balance, start of year..          19          20          20
73.10 Total new obligations.............           7           5           5
73.20 Total outlays (gross).............          -6          -5          -5
74.40 Obligated balance, end of year....          20          20          20
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           6           5           5
    Net budget authority and outlays:
89.00 Budget authority..................           8           5           5
90.00 Outlays...........................           6           5           5
---------------------------------------------------------------------------

    Under conditions of the law creating each trust, interest accruing 
and payable from the general fund of the Treasury is appropriated for 
payment to the proper fund receipt accounts (31 U.S.C. 1321; 2 U.S.C. 
158; 20 U.S.C. 74a and 101; 24 U.S.C. 46; and 69 Stat. 533).

                                

               Federal Interest Liabilities to the States

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1877-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........          15           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................          15           6           6
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          15           6           6
23.95 Total new obligations.............         -15          -6          -6
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          15           6           6
    Change in obligated balances:
73.10 Total new obligations.............          15           6           6
73.20 Total outlays (gross).............         -15          -6          -6
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          15           6           6
    Net budget authority and outlays:
89.00 Budget authority..................          15           6           6
90.00 Outlays...........................          15           6           6
---------------------------------------------------------------------------

    As provided by statute and regulation, interest is paid to States 
when Federal funds are not transferred in a timely manner.

                                

               Interest Paid to Credit Financing Accounts

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1880-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........       3,779       3,809       3,896
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................       3,779       3,809       3,896
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       3,779       3,809       3,896
23.95 Total new obligations.............      -3,779      -3,809      -3,896
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       3,779       3,809       3,896
69.00 Offsetting collections (cash).....          90
69.27 Capital transfer to general fund..         -90
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       3,779       3,809       3,896
    Change in obligated balances:
72.40 Obligated balance, start of year..           4          79

[[Page 845]]

73.10 Total new obligations.............       3,779       3,809       3,896
73.20 Total outlays (gross).............      -3,704      -3,888      -3,896
74.40 Obligated balance, end of year....          79
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       3,700       3,809       3,896
86.98 Outlays from mandatory balances...           4          79
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       3,704       3,888       3,896
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........         -90
    Net budget authority and outlays:
89.00 Budget authority..................       3,689       3,809       3,896
90.00 Outlays...........................       3,614       3,888       3,896
---------------------------------------------------------------------------

    Loan guarantee financing accounts receive various payments and fees 
and make payments on defaults. When cash balances result from an excess 
of receipts over outlays, these balances are deposited at the Treasury 
and earn interest. This account pays such interest to credit loan 
guarantee financing accounts from the general fund of the Treasury in 
accordance with section 505(c) of the Federal Credit Reform Act of 1990. 
The estimates of interest paid by this fund are derived from the 
estimates of interest received in the various financing accounts.

                                

                   Claims, Judgments, and Relief Acts

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1895-0-1-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Claims adjudicated administratively:

00.01   Claims for damages..............           2           7           8
00.03   Claims for contract disputes....         290         128         135
                                           ---------   ---------  ----------
00.91   Total claims adjudicated 
          administratively..............         292         135         143
      Court judgments:

01.01   Judgments, Court of Claims......         206          35          62
01.02   Judgments, U.S. courts..........         512         765         785
                                           ---------   ---------  ----------
01.91     Total court judgments.........         718         800         847
09.01 Reimbursable program..............           7
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,017         935         990
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       1,017         935         990
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          32
22.75 Balance of contract authority 
        withdrawn.......................         -32
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,017         935         990
23.95 Total new obligations.............      -1,017        -935        -990
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       1,010         935         990
69.00 Offsetting collections (cash).....           7
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,017         935         990
    Change in obligated balances:
72.40 Obligated balance, start of year..         154          48          48
73.10 Total new obligations.............       1,017         935         990
73.20 Total outlays (gross).............      -1,091        -935      -1,038
73.45 Recoveries of prior year 
        obligations.....................         -32
74.40 Obligated balance, end of year....          48          48
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       1,017         935         990
86.98 Outlays from mandatory balances...          74                      48
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,091         935       1,038
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -7
    Net budget authority and outlays:
89.00 Budget authority..................       1,010         935         990
90.00 Outlays...........................       1,084         935       1,038
---------------------------------------------------------------------------

    Appropriations are made for payment of claims and interest for 
damages not chargeable to appropriations of individual agencies and for 
payment of private and public relief acts. Public Law 95-26 authorized a 
permanent indefinite appropriation to pay certain judgments from the 
general funds of the Treasury.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1895-0-1-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
42.0  Direct obligations: Insurance 
        claims and indemnities..........       1,010         935         990
99.0  Reimbursable obligations: 
        Reimbursable obligations........           7
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,017         935         990
---------------------------------------------------------------------------

                                

                   Payment of Anti-Terrorism Judgments

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1811-0-1-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........          21
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................          21
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          23           1
23.95 Total new obligations.............         -21
24.40 Unobligated balance carried 
        forward, end of year............           1
    Change in obligated balances:
73.10 Total new obligations.............          21
73.20 Total outlays (gross).............         -21
    Outlays (gross), detail:
86.98 Outlays from mandatory balances...          21
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          21
---------------------------------------------------------------------------

    This account was established pursuant to section 2002 of the Victims 
of Trafficking and Violence Protection Act, Public Law 106-386, for the 
purpose of making payments to persons who hold certain categories of 
judgments against Iran in suits brought under 28 U.S.C. 1605a(7).

                                

                    Restitution of Foregone Interest

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1875-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         463
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................         463
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         463
23.95 Total new obligations.............        -463
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................         463
    Change in obligated balances:
73.10 Total new obligations.............         463
73.20 Total outlays (gross).............        -463
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         463
    Net budget authority and outlays:
89.00 Budget authority..................         463
90.00 Outlays...........................         463
---------------------------------------------------------------------------

    The payment of interest on investments in Treasury securities that 
the Secretary of the Treasury suspended or redeemed during the ``debt 
limit suspension period'' that he declared during 2003. The statutes 
permit this action when

[[Page 846]]

Treasury is constrained by the statutory debt limit. They require that 
the Treasury restore all due interest and principal to these funds as 
soon as this can be done without exceeding the debt limit. A payment of 
interest was made to the Civil Service Retirement and Disability Fund 
for $38 million and the G-Fund within the Thrift Savings Fund for $425 
million.

                                

                       Biomass Energy Development

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0114-0-1-271      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          15          20
22.00 New budget authority (gross)......           4           5           5
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          19          25           5
23.98 Unobligated balance expiring or 
        withdrawn.......................                     -25          -5
24.40 Unobligated balance carried 
        forward, end of year............          20
    New budget authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............           4           5           5
    Change in obligated balances:
72.40 Obligated balance, start of year..           2           1           1
74.40 Obligated balance, end of year....           1           1           1
    Offsets:
      Against gross budget authority and outlays:

88.45   Offsetting collections (cash) 
          from: Offsetting governmental 
          collections (from non-Federal 
          sources)......................          -4          -5          -5
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          -4          -5          -5
---------------------------------------------------------------------------

    This account was created to provide loan guarantees for the 
construction of biomass-to-ethanol facilities, as authorized under Title 
II of the Energy Security Act. All of the loans guaranteed by this 
account went into default. The guarantees have been paid off, and the 
assets of all but one of the projects have been liquidated. The one 
remaining project, the New Energy Company of Indiana, continues to make 
payments to the Treasury on their loan, which the government acquired 
after paying off the guarantee.

                                

            Confiscated and Vested Iraqi Property and Assets

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5816-0-2-151      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         192
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................         192
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                      64
22.00 New budget authority (gross)......         256
22.21 Unobligated balance transferred to 
        other accounts..................                     -64
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         256
23.95 Total new obligations.............        -192
24.40 Unobligated balance carried 
        forward, end of year............          64
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....       1,916
61.00   Transferred to other accounts...      -1,660
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................         256
    Change in obligated balances:
73.10 Total new obligations.............         192
73.20 Total outlays (gross).............        -192
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         192
    Net budget authority and outlays:
89.00 Budget authority..................         256
90.00 Outlays...........................         192
---------------------------------------------------------------------------

    By Executive Order 13290, ``Confiscating and Vesting Certain Iraqi 
Property,'' the President vested in the Department of the Treasury all 
right, title, and interest in blocked funds held in the United States in 
certain accounts in the name of the Government of Iraq, the Central Bank 
of Iraq, Rafidain Bank, Rasheed Bank, or the State Organization for 
Marketing Oil. The President intends that such vested property be used 
to assist the Iraqi people and to assist in the reconstruction of Iraq, 
and determines that such use would be in the interest of and for the 
benefit of the United States.

                                

                  Continued Dumping and Subsidy Offset

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5688-0-2-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............         312         293
    Receipts:
02.60 Antidumping and Countervailing 
        duties,.........................         293         885         341
02.61 Antidumping and Countervailing 
        duties Legislative proposal.....                    -885        -341
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         293
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         605         293
    Appropriations:
05.00 Continued dumping and subsidy 
        offset..........................        -293        -885        -341
05.01 Continued dumping and subsidy 
        offset, Legislative proposal....                                 885
05.10 Portion precluded.................         293         885         341
05.20 Appropriations (unavailable 
        balances).......................        -312        -293        -885
                                           ---------   ---------  ----------
05.99   Total appropriations............        -312        -293
                                           ---------   ---------  ----------
07.99 Balance, end of year..............         293
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5688-0-2-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         312         293         885
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         312         293         885
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          16          16          16
22.00 New budget authority (gross)......         312         293         885
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         328         309         901
23.95 Total new obligations.............        -312        -293        -885
24.40 Unobligated balance carried 
        forward, end of year............          16          16          16
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         293         885         341
60.28   Appropriation (unavailable 
          balances).....................         312         293         885
60.45   Portion precluded from 
          obligation....................        -293        -885        -341
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................         312         293         885
    Change in obligated balances:
72.40 Obligated balance, start of year..          21
73.10 Total new obligations.............         312         293         885
73.20 Total outlays (gross).............        -333        -293        -885
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         312         293         885
86.98 Outlays from mandatory balances...          21
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         333         293         885
    Net budget authority and outlays:
89.00 Budget authority..................         312         293         885
90.00 Outlays...........................         333         293         885
---------------------------------------------------------------------------

[[Page 847]]



                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................         312         293         885
  Outlays...........................         333         293         885
Legislative proposal, not subject to 
    PAYGO:
  Budget Authority..................                                -885
  Outlays...........................                                -885
                                    ------------------------------------
Total:
  Budget Authority..................         312         293
  Outlays...........................         333         293
                                    ====================================

    The Bureau of Customs and Border Protection collects duties assessed 
pursuant to a countervailing duty order, an antidumping duty order, or a 
finding under the Antidumping Act of 1921. Under a provision enacted in 
2000, the Bureau of Customs and Border Protection, through the Treasury, 
currently distributes these duties to affected domestic producers. These 
distributions provide a significant additional benefit to producers that 
already gain protection from the increased import prices provided by the 
tariffs.

                  Continued Dumping and Subsidy Offset

              (Legislative proposal, not subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5688-2-2-376      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                                -885
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                                -885
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                -885
23.95 Total new obligations.............                                 885
    New budget authority (gross), detail:
      Discretionary:

40.20   Appropriation (special fund)....                                -885
    Change in obligated balances:
73.10 Total new obligations.............                                -885
73.20 Total outlays (gross).............                                 885
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                                -885
    Net budget authority and outlays:
89.00 Budget authority..................                                -885
90.00 Outlays...........................                                -885
---------------------------------------------------------------------------

    The Administration proposes repeal of this provision.

                                

Public enterprise revolving fund:

                      Check Forgery Insurance Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4109-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................           2           3           3
09.01 Reimbursable program..............          23          17          22
                                           ---------   ---------  ----------
10.00   Total new obligations...........          25          20          25
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          11           8           8
22.00 New budget authority (gross)......          22          20          25
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          33          28          33
23.95 Total new obligations.............         -25         -20         -25
24.40 Unobligated balance carried 
        forward, end of year............           8           8           8
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           2           3           3
69.00 Offsetting collections (cash).....          20          17          22
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          22          20          25
    Change in obligated balances:
72.40 Obligated balance, start of year..                       1
73.10 Total new obligations.............          25          20          25
73.20 Total outlays (gross).............         -23         -20         -25
74.40 Obligated balance, end of year....           1
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          12          12          25
86.98 Outlays from mandatory balances...          11           8
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          23          20          25
    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....         -20         -17         -22
    Net budget authority and outlays:
89.00 Budget authority..................           2           3           3
90.00 Outlays...........................           2           3           3
---------------------------------------------------------------------------

    This fund was established as a permanent, indefinite appropriation 
in order to maintain adequate funding of the Check Forgery Insurance 
Fund. The Fund facilitates timely payments for replacement Treasury 
checks necessitated due to a claim of forgery. The Fund recoups 
disbursements through reclamations made against banks negotiating forged 
checks.

    To reduce hardships sustained by payees of Government checks that 
have been stolen and forged, settlement is made in advance of the 
receipt of funds from the endorsers of the checks. If the U.S. Treasury 
is unable to recover funds through reclamation procedures, the Fund 
sustains the loss.

    In addition, the Budget proposes to expand the Fund to include 
payments made via electronic funds transfer (EFT). This proposal is 
included as section 216 of General Provisions--Department of the 
Treasury.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4109-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
42.0  Direct obligations: Insurance 
        claims and indemnities..........           2           3           3
42.0  Reimbursable obligations: 
        Insurance claims and indemnities          23          17          22
                                           ---------   ---------  ----------
99.9    Total new obligations...........          25          20          25
---------------------------------------------------------------------------

                                

  

                               Trust Funds

  Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration 
                               Trust Fund

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8209-0-7-306      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............          21          26          32
    Receipts:
02.40 General fund payments, Cheyenne 
        River Sioux Tribe terrestrial wi           4           4           4
02.41 Earnings on investments, Cheyenne 
        River Sioux Tribe terrestrial...                       1           1
02.42 General fund payments, Lower Brule 
        Sioux Tribe terrestrial wildl...           1           1           1
                                           ---------   ---------  ----------
02.99   Total receipts and collections..           5           6           6
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          26          32          38
    Appropriations:
05.00 Cheyenne River Sioux Tribe 
        terrestrial wildlife habitat 
        restorat........................                      -5          -5
05.01 Cheyenne River Sioux Tribe 
        terrestrial wildlife habitat 
        restorat........................                       5           5
                                           ---------   ---------  ----------
05.99   Total appropriations............
                                           ---------   ---------  ----------
07.99 Balance, end of year..............          26          32          38
---------------------------------------------------------------------------

[[Page 848]]



               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8209-0-7-306      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.26   Appropriation (trust fund)......                       5           5
60.45   Portion precluded from balances.                      -5          -5
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...          22          27          33
92.02 Total investments, end of year: 
        Federal securities: Par value...          27          33          33
---------------------------------------------------------------------------

    This schedule reflects the payments made to the Cheyenne River Sioux 
Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule 
Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. After the funds 
are fully capitalized (at a total level of $57.4 million), interest 
earned will be available to carry out the purposes of the funds.

                                


 
                    FEDERAL FINANCING BANK ACTIVITIES

                              Federal Funds

Intragovernmental funds:

                         Federal Financing Bank

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4521-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Administrative expenses...........           4           4           4
09.02 Interest on borrowings from 
        Treasury........................       2,453       1,192       1,186
09.03 Interest on borrowings from civil 
        service retirement trust fund...       1,640
                                           ---------   ---------  ----------
10.00   Total new obligations...........       4,097       1,196       1,190
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1         467         317
22.00 New budget authority (gross)......       4,562       1,513       2,071
22.60 Portion applied to repay debt.....                    -467
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,563       1,513       2,388
23.95 Total new obligations.............      -4,097      -1,196      -1,190
24.40 Unobligated balance carried 
        forward, end of year............         467         317       1,198
    New budget authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............       1,703
69.00 Offsetting collections (cash).....       3,127       2,158       2,071
69.47 Portion applied to repay debt.....        -268        -645
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................       2,859       1,513       2,071
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,562       1,513       2,071
    Change in obligated balances:
72.40 Obligated balance, start of year..         337           4           4
73.10 Total new obligations.............       4,097       1,196       1,190
73.20 Total outlays (gross).............      -4,430      -1,196      -1,190
74.40 Obligated balance, end of year....           4           4           4
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       4,093       1,196       1,190
86.98 Outlays from mandatory balances...         337
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       4,430       1,196       1,190
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........      -3,127      -2,158      -2,071
    Net budget authority and outlays:
89.00 Budget authority..................       1,435        -645
90.00 Outlays...........................       1,303        -962        -881
---------------------------------------------------------------------------

    The Federal Financing Bank (FFB) was created in 1973 to reduce the 
costs of Federal and federally-assisted borrowing and to ensure the 
coordination of such borrowing from the public in a manner least 
disruptive to private financial markets and institutions. Prior to that 
time, many agencies borrowed directly from the private market to finance 
credit programs involving lending to the public at higher rates than on 
comparable Treasury securities. With the implementation of the Federal 
Credit Reform Act in 1992, however, agencies simply finance such loan 
programs through direct loan financing accounts that borrow directly 
from the Treasury. Therefore, FFB loans are now used primarily to 
finance direct agency activities such as construction of Federal 
buildings by the General Services Administration and meeting the 
financing requirements of the U.S. Postal Service. In certain cases, the 
FFB finances Federal direct loans to the public that would otherwise be 
made by private lenders and fully guaranteed by a Federal agency.

    Lending by the FFB may take one of three forms, depending on the 
authorizing statutes pertaining to a particular agency or program: (1) 
the FFB may purchase agency financial assets; (2) the FFB may acquire 
debt securities that the agency is otherwise authorized to issue to the 
public; and (3) the FFB may originate direct loans on behalf of an 
agency by disbursing loans directly to private borrowers and receiving 
repayments from the private borrower on behalf of the agency. Because 
law requires that transactions by the FFB be treated as a means of 
financing agency obligations, the budgetary effect of the third type of 
transaction is reflected in the budget in the following sequence: a loan 
by the FFB to the agency, a loan by the agency to a private borrower, a 
repayment by a private borrower to the agency, and a repayment by the 
agency to the FFB.

    Under a provision in the 1987 enabling legislation for the 
Agriculture Department's Cushion of credit payments program, the FFB 
receives substantially less interest each year on certain loans that it 
holds than it is contractually entitled to receive. This provision, 
however, does not reduce the amount of interest the FFB owes on its 
corresponding loans from Treasury. The shortfalls in interest received 
by the FFB as a result of the provision resulted in substantial losses 
to the FFB in the past. The FFB will likely experience future losses due 
to this provision.

    In addition to its authority to borrow from the Treasury, the FFB 
has the statutory authority to borrow up to $15 billion from the public. 
In 1986, the FFB exercised this authority by issuing $15 billion in debt 
to the Civil Service Retirement and Disability Fund (CSRDF). In October 
2002, the FFB redeemed this debt, financed by borrowing from Treasury.

    In March 2003, the FFB again exercised its statutory borrowing 
authority in order to prolong Treasury's ability to operate under the 
$6.4 trillion debt ceiling. The FFB issued $15 billion in debt to the 
CSRDF in exchange for $15 billion in special issue Treasury securities 
held by CSRDF. The FFB redeemed these special issue Treasury securities 
with Treasury, in a transaction that simultaneously extinguished $15 
billion in Treasury securities issued to Government accounts and $15 
billion of the FFB's own borrowing from Treasury. In June 2003, after 
the debt ceiling was increased, the FFB borrowed again from Treasury to 
redeem its $15 billion in debt to the CSRDF and to finance a $1.3 
billion prepayment premium to compensate CSRDF for the decline in 
interest rates since the debt was issued. The FFB's new borrowing from 
Treasury in June was at substantially lower interest rates than its 
previous borrowing that had been extinguished in March. This will 
improve future cash flow in the FFB revolving fund. Legislation enacted 
in 2003 reduces payments

[[Page 849]]

from the Postal Service to the Civil Service Retirement and Disability 
Fund, allowing the Postal Service Fund to repay some of its borrowing 
from the FFB earlier than projected. This will affect the FFB's interest 
payments and balances of outstanding debt.

    The following table shows the annual net lending by the FFB by 
agency and program and the amount outstanding at the end of each year.

             NET LENDING AND LOANS OUTSTANDING, END OF YEAR

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
A. Department of Agriculture:
  1. Rural housing loans:
    Lending, net....................      -1,075                    -700
    Loans outstanding...............       1,830       1,830       1,130
  2. Rural development loans:
    Lending, net....................        -145        -405        -400
    Loans outstanding...............         805         400
  3. Rural Utilities Service:
    Lending, net....................       1,561         637         652
    Loans outstanding...............      19,887      20,524      21,176
B. Department of Defense:
  1. Defense working capital funds:
    Lending, net....................        -173        -108        -123
    Loans outstanding...............         607         499         376
C. Department of Education:
  1. Historically black colleges and 
    universities:
    Lending, net....................          11          37          55
    Loans outstanding...............          79         116         171
D. Department of Housing and Urban 
    Development:
  1. Section 108 guaranteed loans:
    Lending, net....................          -3          -2
    Loans outstanding...............           2
  2. Low-rent public housing:
    Lending, net....................         -74         -78         -78
    Loans outstanding...............       1,133       1,055         977
E. Department of the Interior:
  1. Territory of the Virgin 
    Islands:
    Lending, net....................          -2          -2          -2
    Loans outstanding...............          10           8           6
F. Department of Transportation:
  1. Railroad Revitalization and 
    Regulatory Reform Act:
    Lending, net....................           *           *           *
    Loans outstanding...............           3           3           3
G. Department of Veterans Affairs:
  1. Native American and 
    transitional housing:
    Lending, net....................                      20          20
    Loans outstanding...............                      20          40
H. General Services Administration:
  1. Federal buildings fund:
    Lending, net....................         -58          24          19
    Loans outstanding...............       2,147       2,171       2,190
I. International Assistance 
    Programs:
  1. Foreign military sales credit:
    Lending, net....................        -234        -223        -220
    Loans outstanding...............       1,688       1,465       1,245
J. Small Business Administration:
  1. Section 503 guaranteed loans:
    Lending, net....................         -25         -11         -10
    Loans outstanding...............          77          66          56
K. Postal Service:
  Lending, net......................      -3,841      -4,200
  Loans outstanding.................       1,273       3,073       3,073
                                    ====================================
Total lending:
  Lending, net......................      -4,058      -4,311        -787
  Loans outstanding.................      35,543      31,231      30,444
                                    ====================================
    * $500,00 or less.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4521-0-4-803    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         577            709
        Investments in US securities:
1104      Agency securities, par........      39,230         35,047
1106      Receivables, net..............         529            394
                                        ------------ --------------  ------------  -------------
1999    Total assets....................      40,336         36,150
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................         858             86
2103    Borrowing from Treasury.........      24,792         36,682
2103    Borrowing from the Civil service 
          retirement trust fund.........      15,000
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............      40,650         36,768
    NET POSITION:
3300  Cumulative results of operations..        -314           -618
                                        ------------ --------------  ------------  -------------
3999    Total net position..............        -314           -618
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position      40,336         36,150
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4521-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
25.2  Other services....................           4           4           4
43.0  Interest and dividends............       4,093       1,192       1,186
                                           ---------   ---------  ----------
99.9    Total new obligations...........       4,097       1,196       1,190
---------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

                                


 
                ALCOHOL AND TOBACCO TAX AND TRADE BUREAU

                              Federal Funds

General and special funds:

                          Salaries and Expenses

    For necessary expenses of carrying out section 1111 of the Homeland 
Security Act of 2002, including hire of passenger motor vehicles, 
[$80,000,000] $81,942,000; of which not to exceed $6,000 for official 
reception and representation expenses; not to exceed $50,000 for 
cooperative research and development programs for Laboratory Services; 
and provision of laboratory assistance to State and local agencies with 
or without reimbursement. (Division F, H.R. 2673, Consolidated 
Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Protect the Public................          23          23          24
00.02 Collect revenue...................          56          57          58
                                           ---------   ---------  ----------
01.92   Total direct program............          79          80          82
09.01 Reimbursable program..............           1           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          80          82          84
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          80          82          84
23.95 Total new obligations.............         -80         -82         -84
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          80          80          82
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          79          80          82
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (cash)..............           1           2           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          80          82          84
    Change in obligated balances:
72.40 Obligated balance, start of year..           6           7           7
73.10 Total new obligations.............          80          82          84
73.20 Total outlays (gross).............         -79         -80         -84
74.40 Obligated balance, end of year....           7           7           7
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          73          74          76
86.93 Outlays from discretionary 
        balances........................           6           6           8
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          79          80          84
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Other Federal sources...          -1          -2          -2
    Net budget authority and outlays:
89.00 Budget authority..................          79          80          82

[[Page 850]]

90.00 Outlays...........................          78          78          82
---------------------------------------------------------------------------

    The Homeland Security Act created a new bureau within the United 
States Department of the Treasury charged with collecting revenue and 
protecting the public. This new bureau enforces the Federal laws and 
regulations relating to alcohol and tobacco by working directly and in 
cooperation with others to: (1) Provide the most effective and efficient 
system for the collection of all revenue that is rightfully due, 
eliminate or prevent tax evasion and other criminal conduct, and provide 
high quality service while imposing the least regulatory burden; and (2) 
Prevent consumer deception, ensure that regulated alcohol and tobacco 
products comply with Federal commodity, safety, and distribution 
requirements, and provide high quality customer service.

    Performance measurements continue to be refined and improved in 
order to provide viable output and outcome measures for the bureau. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          30          35          37
11.5      Other personnel compensation..           5           1           1
                                           ---------   ---------  ----------
11.9        Total personnel compensation          35          36          38
12.1    Civilian personnel benefits.....          13          10          10
21.0    Travel and transportation of 
          persons.......................           2           4           4
23.1    Rental payments to GSA..........           5           4           4
23.3    Communications, utilities, and 
          miscellaneous charges.........           3           1           1
25.2    Other services..................          11          23          23
26.0    Supplies and materials..........           1           1           1
31.0    Equipment.......................           7           1           1
32.0    Land and structures.............           2
                                           ---------   ---------  ----------
99.0      Direct obligations............          79          80          82
99.0  Reimbursable obligations..........           1           2           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........          80          82          84
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         544         544         544
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          15          15          15
---------------------------------------------------------------------------

                                

              Internal Revenue Collections for Puerto Rico

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5737-0-2-806      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.00 Deposits, Internal revenue 
        collections for Puerto Rico.....         357         314         303
02.01 Legislative proposal subject to 
        PAYGO...........................                      58          79
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         357         372         382
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         357         372         382
    Appropriations:
05.00 Internal revenue collections for 
        Puerto Rico.....................        -357        -314        -303
05.01 Legislative proposal subject to 
        PAYGO...........................                     -58         -79
                                           ---------   ---------  ----------
05.99   Total appropriations............        -357        -372        -382
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5737-0-2-806      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         357         314         303
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         357         314         303
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         357         314         303
23.95 Total new obligations.............        -357        -314        -303
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         357         314         303
    Change in obligated balances:
73.10 Total new obligations.............         357         314         303
73.20 Total outlays (gross).............        -357        -314        -303
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         357         314         303
    Net budget authority and outlays:
89.00 Budget authority..................         357         314         303
90.00 Outlays...........................         357         314         303
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................         357         314         303
  Outlays...........................         357         314         303
Legislative proposal, subject to 
    PAYGO:
  Budget Authority..................                      58          79
  Outlays...........................                      58          79
                                    ------------------------------------
Total:
  Budget Authority..................         357         372         382
  Outlays...........................         357         372         382
                                    ====================================

    Excise taxes collected under the Internal Revenue laws of the United 
States on articles produced in Puerto Rico and either transported to the 
United States or consumed on the island are paid to Puerto Rico (26 
U.S.C. 7652).

              Internal Revenue Collections for Puerto Rico

                (Legislative proposal, subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5737-4-2-806      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                      58          79
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                      58          79
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                      58          79
23.95 Total new obligations.............                     -58         -79
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....                      58          79
    Change in obligated balances:
73.10 Total new obligations.............                      58          79
73.20 Total outlays (gross).............                     -58         -79
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                      58          79
    Net budget authority and outlays:
89.00 Budget authority..................                      58          79
90.00 Outlays...........................                      58          79
---------------------------------------------------------------------------

    Excise taxes imposed on rum at the generally applicable distilled 
spirits rate of $13.50 per proof gallon imported from places other than 
Puerto Rico and the Virgin Islands are transferred (covered over) to 
Puerto Rico and the Virgin Islands under a permanent provision at a rate 
of $10.50 per

[[Page 851]]

proof gallon. A temporary cover-over rate of $13.25 a proof gallon 
expired on December 31, 2003. The Budget proposes to extend the 
temporary cover-over rate through the end of 2005.

                                


 
                    BUREAU OF ENGRAVING AND PRINTING

                              Federal Funds

Intragovernmental funds:

                  Bureau of Engraving and Printing Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4502-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Currency program..................         470         440         485
09.02 Postage program...................          37          38          26
09.03 Other programs....................          11           6           6
09.11 Purchase of operating equipment...           3          75          80
09.12 Plant alterations and experimental 
        equipment.......................           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........         522         559         597
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         109         111          91
22.00 New budget authority (gross)......         524         539         587
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         633         650         678
23.95 Total new obligations.............        -522        -559        -597
24.40 Unobligated balance carried 
        forward, end of year............         111          91          81
    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).         550         539         587
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         -26
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         524         539         587
    Change in obligated balances:
72.40 Obligated balance, start of year..          25          64          84
73.10 Total new obligations.............         522         559         597
73.20 Total outlays (gross).............        -509        -539        -587
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          26
74.40 Obligated balance, end of year....          64          84          94
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         509         539         587
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Fed Source....................          -4          -6          -6
88.40     Non-Fed Source................        -546        -533        -581
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -550        -539        -587
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          26
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -41
---------------------------------------------------------------------------

    The Bureau of Engraving and Printing designs, manufactures, and 
supplies Federal Reserve notes, various public debt instruments, as well 
as most evidences of a financial character issued by the United States, 
such as postage and internal revenue stamps. The Bureau executes certain 
printings for various territories administered by the United States, 
particularly postage and revenue stamps.

    The anticipated work volume is based on estimates of requirements 
submitted by agencies served. The program comprises the following 
activities:

    Engraving and printing--
        Currency.--Total deliveries of currency for 2004 and 2005 are 
    estimated to be 8.7 and 9.1 billion respectively. During 2003, the 
    Bureau delivered 8.2 billion Federal Reserve notes.
        Stamps.--This category of work is comprised of postal and 
    internal revenue stamps. The projected requirements of 2004 and 2005 
    are estimated to be 7.0 billion and 5.0 billion stamps, 
    respectively. In 2003, the Bureau delivered 9.9 billion stamps.
        Securities.--This program encompasses the production of a wide 
    variety of bonds, notes, and debentures for the Bureau of Public 
    Debt and certain other agencies of the Government.
        Commissions, certificates, etc.--This program is comprised 
    primarily of Presidential and Department of Defense commissions and 
    certificates, White House invitations, and identification cards for 
    various Government agencies. It represents a small portion of the 
    Bureau's total workload.

    Space utilized by other agencies.--Other agencies are charged for 
services provided in the space occupied in the Bureau's buildings.

    Other miscellaneous services.--A wide variety of miscellaneous 
services are performed by Bureau personnel for other agencies, which are 
charged on an actual cost basis.

    Purchase of operating equipment.--This category consists of new 
purchases and replacement of printing equipment and other related 
printing items.

    Plant alterations and experimental equipment.--This category 
encompasses alterations made on the Bureau's buildings and purchases of 
experimental equipment.

    The operations of the Bureau are currently financed by means of a 
revolving fund established in accordance with the provisions of Public 
Law 656, August 4, 1950 (31 U.S.C. 181), which requires the Bureau to be 
reimbursed by customer agencies for all costs of manufacturing products 
and services performed. The Bureau is also authorized to assess amounts 
to acquire capital equipment and provide for working capital needs. 
Bureau operations during 2003 resulted in a decrease to retained 
earnings of $12 million.

                          PERFORMANCE MEASURES

                                     2003 actual  2004 est.   2005 est.
  Federal Reserve orders met as 
    requested.......................        100%        100%        100%
  Manufacturing cost for currency 
    (cost per 1000 notes)...........      $29.14      $31.00      $35.00
  Maintain/Upgrade ISO Certification   Certified   Certified   Certified
  Percent of currency notes 
    delivered that meet Federal 
    Reserve quality requirements....       99.9%       99.9%       99.9%
Workload Measure:
  Federal Reserve note deliveries 
    (in billions)...................         8.2         8.7         9.1
  Postage stamp deliveries (in 
    billions).......................         9.9         7.0         5.0
Protection and Accountability of 
    Assets:
  Currency shipment discrepancies 
    (per million notes).............       .0000       .0100       .0100
Resource Management:
  Annual financial statement audit 
    opinion......................... Unqualified Unqualified Unqualified
------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4502-0-4-803    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Non-Federal assets:

1206    Receivables, net................          71             45
1207    Advances and prepayments........           4              4
      Other Federal assets:

1801    Cash and other monetary assets..         137            176
1802    Inventories and related 
          properties....................          79             95
1803    Property, plant and equipment, 
          net...........................         307            284
1901    Other assets--Machinery repair 
          parts.........................          21             15
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         619            619
    LIABILITIES:
2101  Federal liabilities: Accounts 
        payable.........................          16             22
      Non-Federal liabilities:

2201    Accounts payable................          26             29
2206    Pension and other actuarial 
          liabilities...................          57             61
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          99            112
    NET POSITION:
3100  Appropriated capital..............          32             32
3300  Cumulative results of operations..         488            475
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         520            507
                                        ------------ --------------  ------------  -------------

[[Page 852]]


4999  Total liabilities and net position         619            619
-----------------------------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4502-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         155         152         156
11.3    Other than full-time permanent..           1           1           1
11.5    Other personnel compensation....          11          12          12
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         167         165         169
12.1  Civilian personnel benefits.......          40          41          42
21.0  Travel and transportation of 
        persons.........................           1           2           2
23.1  Rental payments to GSA............           2           3           3
23.3  Communications, utilities, and 
        miscellaneous charges...........          14          16          16
24.0  Printing and reproduction.........           1           1           1
25.2  Other services....................          93          65          75
26.0  Supplies and materials............         187         191         209
31.0  Equipment.........................          17          75          80
                                           ---------   ---------  ----------
99.9    Total new obligations...........         522         559         597
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4502-0-4-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       2,427       2,400       2,400
---------------------------------------------------------------------------

                                


 
                           UNITED STATES MINT

                              Federal Funds

Public enterprise revolving funds:

                United States Mint Public Enterprise Fund

    Pursuant to section 5136 of title 31, United States Code, the United 
States Mint is provided funding through the United States Mint Public 
Enterprise Fund for costs associated with the production of circulating 
coins, numismatic coins, and protective services, including both 
operating expenses and capital investments. The aggregate amount of new 
liabilities and obligations incurred during fiscal year [2004] 2005 
under such section 5136 for circulating coinage and protective service 
capital investments of the United States Mint shall not exceed 
[$40,652,000] $41,100,000. (Division F, H.R. 2673, Consolidated 
Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Circulating coinage...............         158         247         260
09.02 Commemorative states quarters.....         194         211         219
09.03 Numismatic and investment products         443         481         471
09.04 Protection........................          39          42          45
                                           ---------   ---------  ----------
10.00   Total new obligations...........         834         981         995
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          64          38          38
22.00 New budget authority (gross)......         840         981         995
22.40 Capital transfer to general fund..         -33
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         871       1,019       1,033
23.95 Total new obligations.............        -834        -981        -995
24.40 Unobligated balance carried 
        forward, end of year............          38          38          38
    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).         848         981         995
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -8
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         840         981         995
    Change in obligated balances:
72.40 Obligated balance, start of year..         237         255         255
73.10 Total new obligations.............         834         981         995
73.20 Total outlays (gross).............        -823        -981        -995
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           8
74.40 Obligated balance, end of year....         255         255         255
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         807         981         995
86.93 Outlays from discretionary 
        balances........................          16
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         823         981         995
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -4
88.40     Circulating coinage...........        -181        -262        -276
88.40     Commemorative quarters........        -221        -230        -239
88.40     Numismatic and investment 
            products....................        -475        -489        -480
88.45     Offsetting governmental 
            collections (from non-
            Federal sources)............          33
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -848        -981        -995
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           8
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -25
---------------------------------------------------------------------------

    The United States Mint manufactures coins, sells numismatic and 
investment products, and provides for security and asset protection. 
Public Law 104-52, dated November 19, 1995, enacted 5136, of Subchapter 
III of chapter 51 of subtitle IV of title 31, United States Code 
established the United States Mint Public Enterprise Fund (the Fund). 
The Fund encompasses the previous Salaries and Expenses, Coinage Profit 
Fund, Coinage Metal Fund, and the Numismatic Public Enterprise Fund. The 
Mint submits annual audited business-type financial statements to the 
Secretary of the Treasury and to Congress in support of the operations 
of the revolving fund.

    The operations of the Mint are divided into three major components: 
Circulating Coinage; Numismatic and Investment Products; and Protection. 
The Mint is credited with receipts from its circulating coinage 
operations, equal to the full cost of producing and distributing coins 
that are put into circulation, including depreciation of the Mint's 
plant and equipment on the basis of current replacement value. From 
that, the Mint pays its cost of operations, which includes the costs of 
production and distribution. The difference between the face value of 
the coins and these costs are profit, which is deposited as seigniorage 
to the general fund. In 2003, the Mint transferred $600 million to the 
general fund. Any seigniorage used to finance the Mint's capital 
acquisitions is recorded as budget authority in the year that funds are 
obligated for this purpose, and as receipts over the life of the asset.

    Circulating Coinage.--This activity funds the manufacture of 
circulating coins for sale to the Federal Reserve System as determined 
by public demand. In 2005, this activity will manufacture 13.0 billion 
coins for sale to the Federal Reserve System. In 1996, with the merger 
of the former Coinage Metal Fund into the Mint Public Enterprise Fund, 
the Mint began including the cost of metal in the Circulating Coinage 
activity.

    Numismatic and Investment Products.--This activity funds the 
manufacture of numismatic and bullion coins, medals, and other products 
for sale to collectors and the general public. These coins include 
annual recurring programs such as proof and uncirculated sets, silver 
proof coins, the American Eagle gold and silver bullion uncirculated and 
proof coins, American Eagle platinum coins, and national and historic 
medals. The activity also includes nonrecurring programs for

[[Page 853]]

coins and medals which are legislated to commemorate specific events or 
individuals. In 2005, this activity will fund any pending commemorative 
coin program as legislated by Congress. In addition, the Fifty States 
Commemorative Coin Program Act authorized, beginning in 1999, the 
issuance of quarters for sale to the public and to the Federal Reserve 
System honoring each of the 50 states with a design emblematic of that 
state. These quarters will be issued in the order of each state's 
admission to the Union. The Mint will produce five different state 
quarter designs each year resulting in a 10-year program. In 2005, the 
Mint will manufacture 3.1 billion quarters for sale to the public and 
the Federal Reserve System. All coins produced for this program are 
considered to be numismatic products. This program is shown as a 
separate program activity to present a clearer picture of its impact. 
(Public Law 105-124).

    Protection.--This activity funds protection of the Government's 
stock of gold and silver bullion, coins, Mint employees and visitors, 
plant facilities and equipment, and all other Mint property against 
abuse, theft, damage, disorders, and all other unsafe or illegal 
practices by utilizing police officers and modern protective devices.

                                     2003 actual  2004 est.   2005 est.

Lost Time Accident Rate.............        1.48        1.24        1.03
Workforce Climate...................         60%         65%         65%
Cycle Time..........................          73          53          53
Inventory Turnover..................         2.0         3.3         4.2
Machine Availability................         56%         64%         64%
Yield...............................       85.9%         97%         97%
Conversion Cost per 1000 Coin 
Equivalents.........................       $9.96       $9.78       $8.88
SG&A Costs as a % of Revenue (excl. 
Bullion)............................       15.3%       16.0%       14.0%
Customer Satisfaction Index.........         87%         87%         87%

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4159-0-3-803    2002 actual    2003 actual     2004 est.      2005 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         301            293
        Investments in US securities:
1106      Receivables, net..............          17             10
1107      Advances and prepayments......           5             19
      Other Federal assets:

1802    Inventories and related 
          properties....................         336            311
1803    Property, plant and equipment, 
          net...........................         314            300
1901    Other assets....................          13              5
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         986            938
    LIABILITIES:
2101  Federal liabilities: Accounts 
        payable.........................         167            163
      Non-Federal liabilities:

2201    Accounts payable................          27             38
2207    Other...........................          60             64
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         254            265
    NET POSITION:
3300  Cumulative results of operations..         732            673
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         732            673
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         986            938
-----------------------------------------------------------------------------------------------
    Note: Consistent with Government-wide practice, information for 2004 
and 2005 was not required to be collected.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         123         139         133
11.3    Other than full-time permanent..           1
11.5    Other personnel compensation....          13          13          13
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         137         152         146
12.1  Civilian personnel benefits.......          35          43          46
13.0  Benefits for former personnel.....           7           2           2
21.0  Travel and transportation of 
        persons.........................           3           3           3
22.0  Transportation of things..........          28          24          21
23.1  Rental payments to GSA............           1           1           1
23.2  Rental payments to others.........          16          17          17
23.3  Communications, utilities, and 
        miscellanoues charges...........          13          13          10
24.0  Printing and reproduction.........           2           2           2
25.2  Other services....................          71          99          99
26.0  Supplies and materials............         477         565         594
31.0  Equipment.........................          38          43          43
32.0  Land and structures...............           6          17          11
                                           ---------   ---------  ----------
99.0      Reimbursable obligations......         834         981         995
                                           ---------   ---------  ----------
99.9    Total new obligations...........         834         981         995
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       2,302       2,420       2,393
---------------------------------------------------------------------------

                                


 
                        BUREAU OF THE PUBLIC DEBT

                              Federal Funds

General and special funds:

                      Administering the Public Debt

    For necessary expenses connected with any public-debt issues of the 
United States, [$178,052,000] $179,566,000, of which not to exceed 
$2,500 shall be available for official reception and representation 
expenses, and of which not to exceed $2,000,000 shall remain available 
until expended for systems modernization: Provided, That the sum 
appropriated herein from the General Fund for fiscal year [2004] 2005 
shall be reduced by not more than $4,400,000 as definitive security 
issue fees and Treasury Direct Investor Account Maintenance fees are 
collected, so as to result in a final fiscal year [2004] 2005 
appropriation from the general fund estimated at [$173,652,000] 
$175,166,000. In addition, [$40,000] $60,000 to be derived from the Oil 
Spill Liability Trust Fund to reimburse the Bureau for administrative 
and personnel expenses for financial management of the Fund, as 
authorized by section 1012 of Public Law 101-380. (Division F, H.R. 
2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0560-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Wholesale Securities Services.....          11          12          12
00.02 Government Agency Investment 
        Services........................          13          13          13
00.03 Retail Securities Services........         152         150         144
00.04 Summary Debt Accounting...........           5           5           6
00.05 Reimbursements to Federal Reserve 
        Banks...........................         133         129         132
09.02 Government Agency Investment 
        Services........................           3           2           3
09.03 Retail Securities Services........           6           8           8
                                           ---------   ---------  ----------
10.00   Total new obligations...........         323         319         318
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5          11           6
22.00 New budget authority (gross)......         332         313         318
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           4           2           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         341         326         326
23.95 Total new obligations.............        -323        -319        -318
23.98 Unobligated balance expiring or 
        withdrawn.......................          -7
24.40 Unobligated balance carried 
        forward, end of year............          11           6           8
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         191         174         175
40.35   Appropriation permanently 
          reduced.......................          -1          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         190         173         175
50.00   Reappropriation.................                       1
      Mandatory:

60.00   Appropriation...................         133         129         132
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).           6           6           7
68.00     Offsetting collections (user 
            fees).......................           3           4           4
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....           9          10          11
                                           ---------   ---------  ----------

[[Page 854]]


70.00   Total new budget authority 
          (gross).......................         332         313         318
    Change in obligated balances:
72.40 Obligated balance, start of year..          86          86          99
73.10 Total new obligations.............         323         319         318
73.20 Total outlays (gross).............        -321        -304        -318
73.40 Adjustments in expired accounts 
        (net)...........................           2
73.45 Recoveries of prior year 
        obligations.....................          -4          -2          -2
74.40 Obligated balance, end of year....          86          99          97
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         174         162         165
86.93 Outlays from discretionary 
        balances........................          18          26          21
86.97 Outlays from new mandatory 
        authority.......................         129         116         119
86.98 Outlays from mandatory balances...                                  13
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         321         304         318
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -6          -6          -7
88.40     Non-Federal sources...........          -3          -4          -4
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -9         -10         -11
    Net budget authority and outlays:
89.00 Budget authority..................         323         303         307
90.00 Outlays...........................         312         294         307
---------------------------------------------------------------------------

    This appropriation provides funds for the conduct of all public debt 
operations.

    Wholesale Securities Services.--This program ensures that Treasury's 
critical financing needs are met and that the integrity and efficiency 
of primary and secondary markets for Treasury securities are maintained. 
It encompasses all activities related to the regulation, auction, issue, 
servicing and redemption of Treasury marketable securities that are 
owned by institutional investors and their customers. The Federal 
Reserve, acting as Treasury's fiscal agent, maintains the top tier of 
accounts for financial institutions who, in turn, hold and service 
accounts for their customers.

                                      FY 2003 
                                       actual    FY 2004 est.FY 2005 est.
Percent of auction results released 
in six minutes......................       96.5%         N/A         N/A
Percent of auction results released 
in two minutes  30 seconds.........         N/A         95%         95%
Percentage of Commercial Book Entry 
interest and redemption payments 
made timely and accurately..........        100%        100%        100%
Percentage of employees rating their 
job satisfaction level as 
``satisfied'' or better.............         N/A         70%         70%

    Government Agency Investment Services.--This program supports state, 
local and federal government agencies' investments in non-marketable 
Treasury securities as well as borrowings from Treasury. There are more 
than 200 federal trust and investment funds and, for 15 of the funds, 
Public Debt also acts for the Secretary in his role as managing trustee. 
These include some of the more recognizable Federal trust funds such as 
Social Security, Medicare, Unemployment, and Highway.

                                      FY 2003 
                                       actual    FY 2004 est.FY 2005 est.
Percentage of Government Securities 
Investment Program transactions 
completed timely....................        100%         N/A         N/A
Percentage of Government Securities 
Investment Program transactions 
completed accurately................      99.90%         N/A         N/A
Percentage of Federal Investment 
Program transactions completed 
timely and accurately...............         N/A        100%        100%
Percentage of employees rating their 
job satisfaction level as 
``satisfied'' or better.............         N/A         70%         70%

    Retail Securities Services.--This program manages marketable and 
non-marketable securities held directly with Treasury by more than 50 
million citizens. Besides the issuance and redemption of securities, 
services include processing customer service requests of varying 
complexity. These functions are performed directly by Public Debt, by 
Federal Reserve Banks as fiscal agents of the United States, and by 
qualified agents that issue and redeem savings bonds and notes.

                                      FY 2003 
                                       actual    FY 2004 est.FY 2005 est.
Percentage of customer service 
transactions completed within three 
weeks...............................      98.40%         N/A         N/A
Percentage of TreasuryDirect 
customer service transactions 
completed within thirteen weeks.....      99.80%         N/A         N/A
Percentage of retail customer 
service transactions completed 
within three business days..........         N/A         90%         90%
Percentage of TreasuryDirect 
interest and redemption payments 
made timely.........................        100%         N/A         N/A
Percentage of TreasuryDirect 
interest and redemption payments 
made accurately.....................        100%         N/A         N/A
Percentage of TreasuryDirect 
interest and redemption payments 
made timely and accurately..........         N/A        100%         N/A
Percentage of retail securities 
interest and redemption payments 
made timely and accurately..........         N/A         N/A        100%
Percentage of retail debt held in 
the TreasuryDirect system...........         N/A         N/A          5%
Percentage of over-the-counter 
savings bonds issued within three 
weeks...............................     99.996%      99.95%Discontinued
Percentage of customers rating their 
overall satisfaction as good or 
excellent...........................         N/A         90%         90%
Percentage of employees rating their 
job satisfaction level as 
``satisfied'' or better.............         N/A         70%         70%
Number of Definitive Savings 
Securities Issued...................  43,553,000  52,500,000  52,500,000
Number of Definitive Savings 
Securities Redeemed.................  43,792,000  72,000,000  64,500,000

    Summary Debt Accounting.--This program involves the timely and 
accurate accounting and reporting of the outstanding public debt and 
related interest expense incurred to finance the Federal Government. The 
program provides daily information on the balance and composition of the 
public debt and our summary level accounts represent the control totals 
for dozens of subordinate securities systems.

                                      FY 2003 
                                       actual    FY 2004 est.FY 2005 est.
Receive an unqualified audit opinion 
on the Schedule of Federal Debt and 
Loans Receivable.................... Unqualified Unqualified Unqualified
Percentage of employees rating their 
job satisfaction level as 
``satisfied'' or better.............         N/A         70%        70% 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0560-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          72          68          69
11.5      Other personnel compensation..           4           4           4
                                           ---------   ---------  ----------
11.9        Total personnel compensation          76          72          73
12.1    Civilian personnel benefits.....          19          16          18
13.0    Benefits for former personnel...           1           2
21.0    Travel and transportation of 
          persons.......................           1           1           1
23.1    Rental payments to GSA..........           7           5           5
23.3    Communications, utilities, and 
          miscellaneous charges.........          18          18          18
24.0    Printing and reproduction.......           2           4           4
25.2    Other services..................          24          33          31
25.3    Other purchases of goods and 
          services from Government 
          accounts......................         151         141         145
25.4    Operation and maintenance of 
          facilities....................           1
25.7    Operation and maintenance of 
          equipment.....................           3           2           2
26.0    Supplies and materials..........           3           3           3
31.0    Equipment.......................           8          11           7
32.0    Land and structures.............                       1
                                           ---------   ---------  ----------
99.0      Direct obligations............         314         309         307
99.0  Reimbursable obligations..........           9          10          11
                                           ---------   ---------  ----------
99.9    Total new obligations...........         323         319         318
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0560-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       1,394       1,333       1,301

[[Page 855]]

    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           5           5           5
---------------------------------------------------------------------------

                Payment of Government Losses in Shipment

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1710-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................           1
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
23.95 Total new obligations.............          -1
    Change in obligated balances:
73.10 Total new obligations.............           1
73.20 Total outlays (gross).............          -1
    Outlays (gross), detail:
86.98 Outlays from mandatory balances...           1
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           1
---------------------------------------------------------------------------

    This account was created as self-insurance to cover losses in 
shipment of Government property such as coins, currency, securities, 
certain losses incurred by the Postal Service, and losses in connection 
with the redemption of savings bonds. Approximately 150 claims are paid 
annually.

                                


 
                        INTERNAL REVENUE SERVICE

    The mission of the Internal Revenue Service (IRS) is to provide 
America's taxpayers top quality service by helping them understand and 
meet their tax responsibilities and by applying the tax law with 
integrity and fairness to all.

    To achieve this mission, the Service has established three strategic 
goals. In order to achieve the first goal, ``Service to Each Taxpayer,'' 
the IRS will make filing easier, provide first quality service to each 
taxpayer needing help with his or her return or account, provide prompt, 
professional, helpful treatment to taxpayers in cases where additional 
taxes may be due, and improve taxpayer access to toll-free telephone 
assistance. Second, to achieve the goal of ``Service to All Taxpayers,'' 
the IRS will increase fairness of compliance, and increase overall 
compliance. The Service will meet its third goal, ``Productivity Through 
a Quality Work Environment,'' by increasing employee job satisfaction 
and productivity while the economy grows and service improves.

    The IRS is improving its performance for two of these goals, most 
dramatically in providing ``service to each taxpayer.'' For example, in 
1999, taxpayers were met with 19.4 million busy signals when calling 
IRS. During the 2003 filing season that number dropped to fewer than 
250,000 busy signals. The percentage of time IRS was able to answer 
taxpayer calls for telephone assistance increased from 51 percent to 80 
percent over the same period. These improvements are due to an increase 
in the number of phone lines, improved automated phones scripts, and 
fewer incoming phone calls. In 2003, taxpayer time spent waiting for 
help decreased 34 percent from the previous year.

    The IRS will continue to improve its customer service by leveraging 
existing levels of resources and through business systems modernization 
and management improvements. In 2004 and 2005, the Service will improve 
``Service to all taxpayers,'' through increased efforts to ensure fair 
tax law enforcement. The budget funds an increase of $300 million for a 
more vigorous enforcement of the tax laws.

    There is a gap between what taxpayers legally owe and what they 
actually pay. In 1985, the IRS estimated that this gap was more than 
$200 billion. IRS's National Research Program is reestimating the size 
of the tax gap. Closing this tax gap, whatever its size, is important 
not only to help fund America's needs, but also to dissuade those who 
would consider cheating.

    During 2003, the IRS improved its modernization management controls 
and capabilities, specifically its software acquisition practices. IRS 
deferred the start of five projects to balance the scope and pace of the 
program with its management capacity. The IRS will continue to manage 
its project portfolio carefully to ensure end-product capability, cost 
controls, and the timely rollout of projects to meet operational needs.

    With regard to the Earned Income Tax Compliance Initiative, the 
Budget merges the Earned Income Tax Credit Compliance appropriation into 
the Tax Law Enforcement Appropriation. This will allow the Service 
greater flexibility in applying its enforcement resources. All costs of 
the former EITC appropriation will be funded within the TLE 
appropriation.

           KEY OPERATIONAL MEASURES AND PERFORMANCE INDICATORS

                                     2003 Actual    2004 
                                                 Performance 
                                                     Plan       2005 
                                                             Performance 
                                                                 Plan
Performance Goal A: Provide 
    taxpayers with greater access to 
    information, assistance and 
    support before they file their 
    return
  1. W & I Number of Taxpayer 
    Contacts--Direct................     372,326     179,000     165,000
  2. W & I Number of Taxpayer 
    Contacts--Indirect..............  38,146,700  75,000,000  67,500,000
  3. SB/SE Number of Taxpayers 
    Reached--Direct.................     303,012     260,000     270,000
  4. SB/SE Number of Taxpayers 
    Reached--Indirect...............   5,505,421   7,100,000   7,597,000
  5. TEGE Determination Case 
    Closures........................     171,812     141,000     128,700
  6. Total Published Guidance Items 
    Published.......................         332         350         355
  7. Percent of Eligible Taxpayers 
    Who File for EITC...............         n/a         80%         TBD
Performance Goal B: Improve the 
    quality of the service provided 
    to taxpayers in filing their tax 
    returns
  1. Individual 1040 Series Returns 
    Processed (Paper) (Thousands)...      78,591      72,500      68,100
  2. Business Returns Processed 
    (Paper) (Thousands).............      40,865      38,252      38,155
  3. Individual 1040 Series Returns 
    Processed (Electronic) 
    (Thousands).....................      52,876      59,000      65,800
  4. Percent of Business Returns 
    Processed Electronically........         n/a       19.6%       21.3%
  5. Percent Individual Returns 
    Processed Electronically........         40%         45%         49%
  6. Information Returns Processed 
    Electronically (Thousands)......     409,652     445,080     468,380
  7. Percent of Information Returns 
    Received Electronically.........         36%       36.4%       36.5%
  8. Deposit Timeliness (Interest 
    lost to the government due to 
    late deposits)
    W & I (Individual)..............        $532        $500        $485
    SB/SE (Business)................        $461        $500        $475
  9. Deposit Error Rate (Errors in 
    depositing taxpayer payments)
    W & I (Individual)..............        4.2%        4.0%        3.8%
    SB/SE (Business)................        2.4%        1.7%        1.6%
  10. Refund Timeliness.............       98.8%       98.4%       98.4%
  11. Refund Error Rate (With 
    systemic errors)................        5.3%        5.3%        5.0%
  12. Business Refund Interest Paid 
    (Late refunds)..................      $1,501      $1,500      $1,500
  13. IRS Digital Daily Website 
    (Downloads) (Millions)..........         560         758         957
  14. Customer Accounts Resolved 
    (Correspondence)................  22,256,480  22,719,000  22,532,000
  15. Customer Accounts Resolved 
    Customer Satisfaction 
    (Correspondence)
    % Satisfied.....................         58%         56%         57%
    % Dissatisfied..................         20%         22%         21%
  16. Toll Free Assistor Calls 
    Answered (Thousands)............      32,968      32,477      32,210
  17. Toll Free Customer 
    Satisfaction
    % Satisfied.....................         95%         93%         94%
    % Dissatisified.................          2%          2%          2%
  18. Customer Service 
    Representative (CSR) Telephone 
    Level of Service................         80%         83%         83%
  19. Customer Accuracy--Toll Free 
    Tax Law.........................         82%       85.0%       87.5%
  20. Customer Accuracy--Toll Free 
    Accounts........................         88%       88.7%       90.6%
  21. Field Assistance Accuracy of 
    Tax Law Contacts................         75%         80%         80%
  22. Field Assistance Customer 
    Satisfaction
    % Satisfied.....................         87%         89%         90%
    % Dissatisfied..................          8%          6%          5%
  23. Number of Payments Received 
    Electronically (Thousands)......      67,289      70,440      73,000
  24. Field Assistance Contacts (Sum 
    of returns, tax law, forms, 
    accounts).......................   8,963,790   8,367,959   8,320,590
  25. Customer Accuracy--Customer 
    Accounts Resolved 
    (Correspondence, Adjustments)...         87%         89%         90%

[[Page 856]]

Performance Goal C: Identity and 
    correct all substantive errors 
    in the filing of tax returns, 
    reporting of income and payment 
    of taxes
  1. ACS Customer Satisfaction
    % Satisfied.....................         91%         91%         91%
    % Dissatisfied..................          4%          4%          4%
  2. ACS Closures TDA...............   1,155,697   1,139,016   1,296,214
  3. ACS Closures TDI...............     197,517     198,155     246,723
  4. ACS Level of Service...........         71%         75%         75%
  5. ACS Customer Accuracy..........         n/a         88%         88%
  6. Compliance Services Collection 
    Operation Accuracy..............       96.8%         95%         95%
  7. Field Collection Customer 
    Satisfaction
    % Satisfied.....................       57.5%       59.2%       60.1%
    % Dissatisfied..................       21.1%       20.5%       20.2%
  8. Field Collection Cases Closed 
    TDA.............................     880,939     892,460     977,197
  9. Field Collection Cases Closed 
    TDI.............................     150,190     152,153     163,278
  10. Field Collection Quality of 
    Cases Handled in Person.........         84%         86%         87%
  11. Automated Underreporter--
    Number of Cases Closed..........   2,905,478   3,081,830   3,792,713
  12. Automated Underreporter 
    Customer Accuracy...............         91%         94%         95%
  13. Automated Underreporter 
    Customer Satisfaction
    % Satisfied.....................         43%         49%         50%
    % Dissatisfied..................         26%         21%         21%
  14. Correspondence Exam Customer 
    Satisfaction
    % Satisfied.....................         36%         38%         40%
    % Dissatisfied..................         41%         36%         35%
  15. Correspondence Exam Total 
    Number of EITC Returns Examined.     418,237     422,431     393,674
  16. Correspondence Exam Total 
    Number of Non-EITC Returns 
    Examined........................     262,431     288,636     329,976
  17. Correspondence Exam Customer 
    Accuracy........................         n/a       93.8%       93.9%
  18. Examination Customer 
    Satisfaction (SB/SE)
    % Satisfied.....................         63%       60.2%       61.1%
    % Dissatisfied..................         21%       23.5%       23.2%
  19. Examination Customer 
    Satisfaction (LMSB)
    % Satisfied.....................       79.5%         84%         86%
    % Dissatisfied..................       11.5%          9%          8%
  20. Individual Returns Examined--
    Field (SB/SE & LMSB) >$100,000..      67,459      82,970      69,992
  21. Individual Returns Examined--
    Field (SB/SE & LMSB) <$100,000..     138,933     137,527     170,217
  22. Examination Quality (SB/SE)
    Field...........................         75%         78%         80%
    Office..........................         76%         75%         77%
  23. Examination Quality (LMSB)
    Industry........................         74%         80%         85%
    Coordinated Industry............         89%         90%         90%
  24. Number of Business Returns 
    Examined (SBSE/LMSB)............      18,957      15,276      20,198
  25. Number of Returns Closed--
    Coordinated Industry (Large 
    corporations)...................       4,527       3,528       3,528
  26. EP/EO Customer Satisfaction 
    (Semi-annual)
    % Satisfied.....................         72%         73%         73%
    % Dissatisfied..................          7%          7%          7%
  27. EP/EO Examination Case Quality 
    Score (Quarterly)...............         79%         82%         83%
  28. Appeals Closure to Receipt 
    Ratio...........................         86%         81%         86%
  29. Innocent Spouse Determinations 
    Made............................      56,083      52,000      47,369
  30. Criminal Investigations 
    Completed.......................       3,766       3,400       3,963
  31. Number of Tax Court Cases 
    Closed..........................      19,882      17,800      19,300
  32. Potentially Collectible 
    Inventory (Billions)............        79.2        85.7        90.5
  33. Taxpayer Advocate Closure to 
    Receipt Ratio...................        108%        100%        100%
  34. Taxpayer Advocate Case Quality 
    Index...........................         84%         90%         90%
  35. Number of TEGE Compliance 
    Contacts........................      13,029      19,100      22,800
  36. Dollar Value of EITC Claims 
    Paid in Error...................         n/a         TBD         TBD
  37. Total Enforcement Revenue 
    (Billions)......................        37.6        38.2        39.4
  38. Agency Wide Employee 
    Satisfaction....................         60%         62%         64%
  39. Employee Health and Safety--
    Lost Workday Case Rate (Cases 
    per 100 FTE)....................        0.95        0.49        0.49
  40. Percent Resolution at First 
    Contact (Internal IT support)...         70%         70%         70%
  41. Percent Resolved on Time 
    (Internal IT support)...........         65%         90%         90%
  42. Ticket Activity--Open 
    (Internal IT support)...........     865,000   1,153,250   1,153,250
  36. Ticket Activity--Closed 
    (Internal IT support)...........     865,000   1,153,250   1,153,250
  44. Mean Queue Time (Minutes) 
    (Internal IT support)...........           1           1           1

Legend:
    W & I                             Wage and Investment Division
    SB/SE                             Small Business and Self-Employed
                                       Division
    LMSB                              Large and Mid-Size Business
                                       Division
    TE/GE                             Tax Exempt and Government Entities
                                       Division
    ACS                               Automated Collection System
    EITC                              Earned Income Tax Credit
    EP/EO                             Employee Plans/Exempt
                                       Organizations
    TDA                               Taxpayer Delinquent Account
    TDI                               Taxpayer Delinquent Investigation
 

                                

                              Federal Funds

General and special fund:

                 Processing, Assistance, and Management

    For necessary expenses of the Internal Revenue Service for pre-
filing taxpayer assistance and education, filing and account services, 
shared services support, general management and administration; and 
services as authorized by 5 U.S.C. 3109, at such rates as may be 
determined by the Commissioner, [$4,033,000,000] $4,148,403,000, of 
which up to $4,100,000 shall be for the Tax Counseling for the Elderly 
Program, of which $7,500,000 shall be available for low-income taxpayer 
clinic grants, and of which not to exceed $25,000 shall be for official 
reception and representation expenses. (Division F, H.R. 2673, 
Consolidated Appropriations Bill, FY 2004.)

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............          12          23          40
    Receipts:
02.00 Enrolled agent fee increase, IRS 
        miscellaneous retained fees.....                                   2
02.20 New installment agreements, IRS 
        miscellaneous retained fees.....          58          58          59
02.21 Restructured installment 
        agreements, IRS miscellaneous 
        retained........................          13          13          13
02.22 General user fees, IRS 
        miscellaneous retained fees.....           7          16          18
                                           ---------   ---------  ----------
02.99   Total receipts and collections..          78          87          92
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          90         110         132
    Appropriations:
05.00 Processing, assistance, and 
        management......................         -61         -29         -29
05.01 Tax law enforcement...............                     -10         -10
05.02 Information systems...............          -6         -31         -31
                                           ---------   ---------  ----------
05.99   Total appropriations............         -67         -70         -70
                                           ---------   ---------  ----------
07.99 Balance, end of year..............          23          40          62
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Pre-filing taxpayer assistance and 
        education.......................         618         630         637
00.02 Filing and account services.......       1,665       1,705       1,760
00.03 Shared services support...........       1,255       1,245       1,299
00.04 General management and 
        administration..................         470         466         481
                                           ---------   ---------  ----------
01.00   Subtotal, direct programs.......       4,008       4,046       4,177
09.01 Reimbursable program..............          29          29          29
                                           ---------   ---------  ----------
10.00   Total new obligations...........       4,037       4,075       4,206
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          17          11          11
22.00 New budget authority (gross)......       4,043       4,075       4,206
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,061       4,086       4,217
23.95 Total new obligations.............      -4,037      -4,075      -4,206
23.98 Unobligated balance expiring or 
        withdrawn.......................         -15
24.40 Unobligated balance carried 
        forward, end of year............          11          11          11
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       3,956       4,033       4,148
40.35   Appropriation permanently 
          reduced.......................         -26         -24
42.00   Transferred from other accounts.          17
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       3,947       4,009       4,148
50.00   Reappropriation.................           6           8
      Mandatory:

60.20   Appropriation (special fund)....          61          29          29
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).          29          29          29
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,043       4,075       4,206
    Change in obligated balances:
72.40 Obligated balance, start of year..         447         504         520
73.10 Total new obligations.............       4,037       4,075       4,206
73.20 Total outlays (gross).............      -3,973      -4,059      -4,191

[[Page 857]]

73.40 Adjustments in expired accounts 
        (net)...........................          -6
73.45 Recoveries of prior year 
        obligations.....................          -1
74.40 Obligated balance, end of year....         504         520         535
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       3,596       3,596       3,720
86.93 Outlays from discretionary 
        balances........................         316         434         442
86.97 Outlays from new mandatory 
        authority.......................          61          29          29
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       3,973       4,059       4,191
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............         -11         -29         -29
88.40     Non-Federal sources...........         -16
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -27         -29         -29
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          -2
    Net budget authority and outlays:
89.00 Budget authority..................       4,014       4,046       4,177
90.00 Outlays...........................       3,945       4,030       4,162
---------------------------------------------------------------------------

    This appropriation provides for: the pre-filing, filing, support 
services and general management activities of the IRS not directly 
related to the Earned Income Tax Credit Compliance Program; processing 
tax returns and related documents; assisting taxpayers in the filing of 
their returns, paying taxes that are due, and complying with tax laws; 
issuing technical rulings; revenue accounting, conducting background 
investigations; managing financial resources, rent and utilities.

    Pre-Filing Taxpayer Assistance and Education.--This activity 
includes resources to support services provided before a return is filed 
to assist the taxpayer in filing a correct return. Included in this 
activity are staffing, training and direct support for (1) pre-filing 
services operational management; (2) tax law interpretation and 
published guidance; (3) taxpayer communication and education to research 
customer needs, develop and manage education programs, establish 
partnerships with stakeholder groups, and disseminate tax information to 
taxpayers and the general public; (4) media and publications to supply 
notices and printed and electronic tax materials to taxpayers; (5) 
rulings and agreements to apply the tax law to specific taxpayers in the 
form of pre-filing agreements, determination letters, advance pricing 
agreements and other pre-filing determinations and advice; (6) marketing 
of electronic tax administration products and services; and (7) ensuring 
that taxpayers have an advocate to prevent future problems by 
identifying the underlying causes of taxpayers' problems and to 
participate in the development of systemic and/or procedural remedies.

    Filing and Account Services.--This activity provides resources to 
support services provided to a taxpayer in the process of filing returns 
and paying taxes in addition to issuance of refunds and maintenance of 
taxpayers accounts. Included in this activity are staffing, training and 
direct support for (1) filing and account services operational 
management; (2) submission processing of paper and electronically 
submitted tax returns and supplemental documents which account for tax 
revenues, and issue refunds and tax notices; (3) electronic/
correspondence assistance to taxpayers to resolve account and notice 
inquires, either electronically or by telephone; (4) face-to-face 
assistance to taxpayers, including return preparation, answering tax 
questions, resolving account and notice inquiries, and supplying forms 
and publications to taxpayers; and (5) processing of information 
documents which enables the Service to match this information with that 
provided by taxpayers on their returns.

    Shared Services Support.--This activity provides staffing, training 
and direct support for: (1) services and supplies to manage IRS 
facilities; (2) human resources programs including recruitment, labor 
and employee relations, workforce planning and evaluation, performance 
management, employee benefits, personnel security and transactional 
processing; (3) procurement; (4) the Servicewide EEO and Diversity 
program; (5) financial services including relocation, travel, imprest 
fund, purchase cards, corporate express and employee clearance; and (6) 
Treasury complaint centers. This activity also provides resources for 
(1) building rent; (2) IRS building services, maintenance space 
alterations, guard services, custodial overtime, utility services, and 
non-information technology equipment; (3) shared support such as 
copiers, postage meters, shredders, courier services, P.O. boxes, etc.; 
and (4) cleaning, maintenance, utilities, security and repair costs of 
delegated buildings.

    General Management and Administration.--This activity provides 
staffing, training and direct support for (1) business unit headquarters 
management activities of strategic planning, communications and liaison, 
finance, human resources, EEO and diversity, and business systems 
planning; (2) national headquarters management and administration of 
policy making and goal setting, leadership and direction for the IRS, 
building partner relationships with key stakeholders (e.g., Congress, 
OMB, etc.); (3) strategic direction Servicewide for communications, 
government liaison and disclosure, legislative affairs and public 
liaison; (4) general legal advice to the IRS on non-tax legal issues 
including procurement, personnel, labor relations, equal employment 
opportunity, fiscal law, tort claims and damages, ethics, and conflict 
of interest; and (5) payments for workmen's compensation benefits and 
unemployment compensation payments. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........       1,535       1,607       1,610
11.3      Other than full-time permanent         377         363         364
11.5      Other personnel compensation..          89          95         129
                                           ---------   ---------  ----------
11.9        Total personnel compensation       2,001       2,065       2,103
12.1    Civilian personnel benefits.....         566         588         596
13.0    Benefits for former personnel...          61          13          21
21.0    Travel and transportation of 
          persons.......................          57          65          65
22.0    Transportation of things........          25          19          20
23.1    Rental payments to GSA..........         632         686         711
23.3    Communications, utilities, and 
          miscellaneous charges.........         151         169         172
24.0    Printing and reproduction.......          78          78          79
25.1    Advisory and assistance services          41          20          26
25.2    Other services..................         111         196         202
25.3    Other purchases of goods and 
          services from Government 
          accounts......................         100           5           6
25.4    Operation and maintenance of 
          facilities....................         108          92         101
25.6    Medical care....................          11           2           2
25.8    Subsistence and support of 
          persons.......................           1           2           2
26.0    Supplies and materials..........          22          21          21
31.0    Equipment.......................          31          13          39
41.0    Grants, subsidies, and 
          contributions.................          11          11          11
42.0    Insurance claims and indemnities           1           1
                                           ---------   ---------  ----------
99.0      Direct obligations............       4,008       4,046       4,177
99.0  Reimbursable obligations..........          29          29          29
                                           ---------   ---------  ----------
99.9    Total new obligations...........       4,037       4,075       4,206
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................      43,689      42,332      41,781
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         483         510         510
---------------------------------------------------------------------------

                                

                           Tax Law Enforcement

    For necessary expenses of the Internal Revenue Service for 
determining and establishing tax liabilities; providing litigation 
support;

[[Page 858]]

conducting criminal investigation and enforcement activities; securing 
unfiled tax returns; collecting unpaid accounts; conducting a document 
matching program; resolving taxpayer problems through prompt 
identification, referral and settlement; [resolving essential] expanded 
customer service and public outreach programs, strengthened enforcement 
activities, and enhanced research efforts to reduce erroneous filings 
associated with the earned income tax credit [compliance and error 
problems]; compiling statistics of income and conducting compliance 
research; purchase (for police-type use, not to exceed 850) and hire of 
passenger motor vehicles (31 U.S.C. 1343(b)); and services as authorized 
by 5 U.S.C. 3109, at such rates as may be determined by the 
Commissioner, [$4,196,000,000] $4,564,350,000, of which not to exceed 
$1,000,000 shall remain available until September 30, [2006] 2007, for 
research[: Provided, That such sums may be transferred as necessary from 
this account to the IRS Processing, Assistance, and Management 
appropriation or the IRS Information Systems appropriation solely for 
the purposes of management of the Earned Income Tax Compliance program 
and to reimburse the Social Security Administration for the cost of 
implementing section 1090 of the Taxpayer Relief Act of 1997 (Public Law 
105-33): Provided further, That this transfer authority shall be in 
addition to any other transfer authority provided in this Act]. 
(Division F, H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Compliance services...............       3,636       3,895       4,305
00.02 Research and statistics of income.          83          91          93
00.03 Earned Income Tax Credit 
        Compliance......................         144         202         176
                                           ---------   ---------  ----------
01.00   Subtotal, Direct program........       3,863       4,188       4,574
09.01 Reimbursable program..............         104         111         104
                                           ---------   ---------  ----------
10.00   Total new obligations...........       3,967       4,299       4,678
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1           3           3
22.00 New budget authority (gross)......       3,985       4,299       4,678
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       3,987       4,302       4,681
23.95 Total new obligations.............      -3,967      -4,299      -4,678
23.98 Unobligated balance expiring or 
        withdrawn.......................         -18
24.40 Unobligated balance carried 
        forward, end of year............           3           3           3
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       3,874       4,196       4,564
40.35   Appropriation permanently 
          reduced.......................         -25         -25
42.00   Transferred from other accounts.          28
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       3,877       4,171       4,564
50.00   Reappropriation.................           4           7
      Mandatory:

60.20   Appropriation (special fund)....                      10          10
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          85         111         104
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          19
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         104         111         104
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       3,985       4,299       4,678
    Change in obligated balances:
72.40 Obligated balance, start of year..         184         194         320
73.10 Total new obligations.............       3,967       4,299       4,678
73.20 Total outlays (gross).............      -3,928      -4,173      -4,651
73.40 Adjustments in expired accounts 
        (net)...........................         -15
73.45 Recoveries of prior year 
        obligations.....................          -1
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -19
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           6
74.40 Obligated balance, end of year....         194         320         347
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       3,769       3,990       4,349
86.93 Outlays from discretionary 
        balances........................         159         173         292
86.97 Outlays from new mandatory 
        authority.......................                      10          10
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       3,928       4,173       4,651
    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........         -91        -111        -104
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................         -19
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           6
    Net budget authority and outlays:
89.00 Budget authority..................       3,881       4,188       4,574
90.00 Outlays...........................       3,838       4,062       4,547
---------------------------------------------------------------------------

    This appropriation funds IRS's ability to provide equitable 
application and enforcement of the tax laws, identify possible nonfilers 
for investigations, investigate violations of criminal statutes, and 
supports the Statistics of Income program.

    Compliance Services.--This activity funds services provided to a 
taxpayer after a return is filed to identify and correct possible errors 
or underpayment. Included in this activity are staffing, training and 
support for: (1) compliance services operational management; (2) the 
centralized automated collection system (ACS) and collection by 
correspondence in service centers; (3) field investigations and 
collection efforts associated with delinquent taxpayer and business 
entity liabilities; (4) documents matching; (5) examination of taxpayer 
returns at service centers; (6) field exam to determine corresponding 
tax liabilities; (7) enforcement of criminal statutes related to 
violations of internal revenue laws and other financial crimes; (8) 
processing of reports for current transactions over $10,000; (9) case 
settlement through the appeals process; (10) litigation; and (11) 
taxpayer advocate case processing.

    Research and Statistics of Income.--This activity funds research and 
statistical analysis support for the Service. It provides annual income, 
financial, and tax data from tax returns filed by individuals, 
corporations, and tax-exempt organizations. Likewise it provides 
resources for market-based research to identify compliance issues, for 
conducting tests of treatments to address non-compliance, and for the 
implementation of successful treatments of taxpayer non-compliant 
behavior.

    Earned Income Tax Credit Program.--This activity, formerly provided 
in a separate account, funds expanded customer service and public 
outreach programs, strengthened enforcement activities, and enhanced 
research efforts to reduce claims and erroneous filings associated with 
the Earned Income Tax Credit (EITC).

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........       2,645       2,818       3,016
11.3      Other than full-time permanent         117         164         166
11.5      Other personnel compensation..         106         122         172
11.8      Special personal services 
            payments....................           5           6           6
                                           ---------   ---------  ----------
11.9        Total personnel compensation       2,873       3,110       3,360
12.1    Civilian personnel benefits.....         685         751         812
13.0    Benefits for former personnel...           1                       7
21.0    Travel and transportation of 
          persons.......................          91         101         145
22.0    Transportation of things........           3           2           2
23.1    Rental payments to GSA..........           1
23.3    Communications, utilities, and 
          miscellaneous charges.........          61          48          45
24.0    Printing and reproduction.......           1           4           4
25.1    Advisory and assistance services          42          31          38
25.2    Other services..................          38          90          93
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          21           9          10
25.4    Operation and maintenance of 
          facilities....................           1
25.5    Research and development 
          contracts.....................           6           5           5
25.7    Operation and maintenance of 
          equipment.....................           1           6           6

[[Page 859]]

25.8    Subsistence and support of 
          persons.......................           3           3           6
26.0    Supplies and materials..........          18          20          21
31.0    Equipment.......................          15           4          16
42.0    Insurance claims and indemnities           1           1           1
91.0    Unvouchered.....................           1           3           3
                                           ---------   ---------  ----------
99.0      Direct obligations............       3,863       4,188       4,574
99.0  Reimbursable obligations..........         104         111         104
                                           ---------   ---------  ----------
99.9    Total new obligations...........       3,967       4,299       4,678
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................      47,658      49,147      52,089
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         551         600         600
---------------------------------------------------------------------------

                                

      

               Health Insurance Tax Credit Administration

    For expenses necessary to implement the health insurance tax credit 
included in the Trade Act of 2002 (Public Law 107-210), $34,841,000[, to 
remain available until September 30, 2005]. (Division F, H.R. 2673, 
Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Health Care Tax Administration....          60          40          40
                                           ---------   ---------  ----------
10.00   Total new obligations...........          60          40          40
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                      10           5
22.00 New budget authority (gross)......          70          35          35
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          70          45          40
23.95 Total new obligations.............         -60         -40         -40
24.40 Unobligated balance carried 
        forward, end of year............          10           5
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          70          35          35
    Change in obligated balances:
72.40 Obligated balance, start of year..                      28          18
73.10 Total new obligations.............          60          40          40
73.20 Total outlays (gross).............         -32         -50         -41
74.40 Obligated balance, end of year....          28          18          17
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          32          32          32
86.93 Outlays from discretionary 
        balances........................                      18           9
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          32          50          41
    Net budget authority and outlays:
89.00 Budget authority..................          70          35          35
90.00 Outlays...........................          32          50          41
---------------------------------------------------------------------------

    This appropriation provides operating funding to administer the 
advance payment feature of the Trade Adjustment Assistance health 
insurance tax credit program to assist dislocated workers with their 
health insurance premiums. The tax credit program was enacted by the 
Trade Act of 2002 (P.L. 107-210) and became effective in August of 2003.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............           1           2           2
11.5    Other personnel compensation....                       1           1
                                           ---------   ---------  ----------
11.9      Total personnel compensation..           1           3           3
24.0  Printing and reproduction.........           1
25.2  Other services....................          58          37          37
                                           ---------   ---------  ----------
99.9    Total new obligations...........          60          40          40
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           6          17          17
---------------------------------------------------------------------------

                                

                           Information Systems

    For necessary expenses of the Internal Revenue Service for 
information systems and telecommunications support, including 
developmental information systems and operational information systems; 
the hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services 
as authorized by 5 U.S.C. 3109, at such rates as may be determined by 
the Commissioner, [$1,590,962,000] $1,641,768,000, of which $200,000,000 
shall remain available until September 30, [2005] 2006. (Division F, 
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Information systems improvement 
        programs........................          50          50          49
00.02 Information services..............       1,544       1,563       1,624
                                           ---------   ---------  ----------
01.00   Subtotal, Direct program........       1,594       1,613       1,673
09.01 Reimbursable program..............                       8           8
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,594       1,621       1,681
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          21          24          24
22.00 New budget authority (gross)......       1,589       1,621       1,681
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          12
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,622       1,645       1,705
23.95 Total new obligations.............      -1,594      -1,621      -1,681
23.98 Unobligated balance expiring or 
        withdrawn.......................          -5
24.40 Unobligated balance carried 
        forward, end of year............          24          24          24
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       1,632       1,591       1,642
40.35   Appropriation permanently 
          reduced.......................         -11          -9
41.00   Transferred to other accounts...         -44
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,577       1,582       1,642
      Mandatory:

60.20   Appropriation (special fund)....           6          31          31
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           6           8           8
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,589       1,621       1,681
    Change in obligated balances:
72.40 Obligated balance, start of year..         411         364         299
73.10 Total new obligations.............       1,594       1,621       1,681
73.20 Total outlays (gross).............      -1,607      -1,686      -1,669
73.40 Adjustments in expired accounts 
        (net)...........................         -23
73.45 Recoveries of prior year 
        obligations.....................         -12
74.40 Obligated balance, end of year....         364         299         311
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       1,253       1,273       1,321
86.93 Outlays from discretionary 
        balances........................         348         382         317
86.97 Outlays from new mandatory 
        authority.......................           6          31          31
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,607       1,686       1,669
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -6          -8          -8
88.40     Non-Federal sources...........          -2
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -8          -8          -8
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           2
    Net budget authority and outlays:
89.00 Budget authority..................       1,583       1,613       1,673

[[Page 860]]

90.00 Outlays...........................       1,599       1,678       1,661
---------------------------------------------------------------------------

    This appropriation provides for Servicewide information systems 
operations and maintenance, investments to enhance or develop business 
applications for the IRS Business Units and staff support for the 
Service's Modernization program. The appropriation includes staffing, 
telecommunications, hardware and software (including commercial-off-the-
shelf), and contractual services.

    Information services.--This activity provides the salaries, 
benefits, and related costs to manage, maintain, and operate the 
information systems that support tax administration. The Service's 
business activities rely on these information systems to process tax and 
information returns, account for tax revenues collected, send bills for 
taxes owed, issue refunds, assist in the selection of tax returns for 
audit, and provide telecommunications services for all business 
activities including the public's toll free access to tax information. 
These systems are located in a variety of sites including the 
Martinsburg, Tennessee and Detroit Computing Centers; Service Centers; 
and in other field office operations. Staffing in this activity develops 
and maintains the millions of lines of programming code supporting all 
aspects of tax-processing; as well as operating and administering the 
Service's hardware infrastructure of mainframes, minicomputers, personal 
computers, networks, and a variety of management information systems.

    Information systems improvement programs.--This activity funds 
improvements or enhancements to business applications. These investments 
conform to the modernized IRS architecture. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         519         565         566
11.3      Other than full-time permanent           5           5           5
11.5      Other personnel compensation..          19          27          40
                                           ---------   ---------  ----------
11.9        Total personnel compensation         543         597         611
12.1    Civilian personnel benefits.....         116         133         133
13.0    Benefits for former personnel...           7                      11
21.0    Travel and transportation of 
          persons.......................          21          17          18
23.3    Communications, utilities, and 
          miscellaneous charges.........         204         179         183
25.1    Advisory and assistance services           1           3           3
25.2    Other services..................         336         343         347
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          33           4           4
25.4    Operation and maintenance of 
          facilities....................           1           1           1
25.7    Operation and maintenance of 
          equipment.....................          81          98          97
26.0    Supplies and materials..........          16          23          24
31.0    Equipment.......................         235         215         241
                                           ---------   ---------  ----------
99.0      Direct obligations............       1,594       1,613       1,673
99.0  Reimbursable obligations..........                       8           8
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,594       1,621       1,681
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       7,466       7,559       7,385
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           9          10          10
---------------------------------------------------------------------------

                                

                     Business Systems Modernization

    For necessary expenses of the Internal Revenue Service, 
[$390,000,000] $285,000,000, to remain available until September 30, 
[2006] 2007, for the capital asset acquisition of information technology 
systems, including management and related contractual costs of said 
acquisitions, including contractual costs associated with operations 
authorized by 5 U.S.C. 3109: Provided, That none of these funds may be 
obligated until the Internal Revenue Service submits to the Committees 
on Appropriations[, and such Committees approve,] a plan for expenditure 
that: (1) meets the capital planning and investment control review 
requirements established by the Office of Management and Budget, 
including Circular A-11 part 3; (2) complies with the Internal Revenue 
Service's enterprise architecture, including the modernization 
blueprint; (3) conforms with the Internal Revenue Service's enterprise 
life cycle methodology; (4) is approved by the Internal Revenue Service, 
the Department of the Treasury, and the Office of Management and Budget; 
(5) has been reviewed by the General Accounting Office; and (6) complies 
with the acquisition rules, requirements, guidelines, and systems 
acquisition management practices of the Federal Government. (Division F, 
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0921-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Information technology investments         377         367         324
                                           ---------   ---------  ----------
10.00   Total new obligations...........         377         367         324
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         171         163         184
22.00 New budget authority (gross)......         364         388         285
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         541         551         469
23.95 Total new obligations.............        -377        -367        -324
24.40 Unobligated balance carried 
        forward, end of year............         163         184         145
    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         366         390         285
40.35   Appropriation permanently 
          reduced.......................          -2          -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         364         388         285
    Change in obligated balances:
72.40 Obligated balance, start of year..         183         177         169
73.10 Total new obligations.............         377         367         324
73.20 Total outlays (gross).............        -375        -375        -361
73.40 Adjustments in expired accounts 
        (net)...........................          -2
73.45 Recoveries of prior year 
        obligations.....................          -6
74.40 Obligated balance, end of year....         177         169         132
    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          81         116          86
86.93 Outlays from discretionary 
        balances........................         294         259         275
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         375         375         361
    Net budget authority and outlays:
89.00 Budget authority..................         364         388         285
90.00 Outlays...........................         375         375         361
---------------------------------------------------------------------------

    This appropriation provides for revamping business practices and 
acquiring new technology. The agency is using a formal methodology to 
prioritize, approve, fund, and evaluate its portfolio of business 
systems modernization investments. This methodology enforces a 
documented, repeatable, and measurable process for managing investments 
throughout their life cycle. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0921-0-1-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
25.2  Other services....................         301         290         261
25.7  Operation and maintenance of 
        equipment.......................           8          12           6
31.0  Equipment.........................          68          65          57
                                           ---------   ---------  ----------
99.9    Total new obligations...........         377         367         324
---------------------------------------------------------------------------

[[Page 861]]



                                

      Payment Where Earned Income Credit Exceeds Liability for Tax 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0906-0-1-609      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........      31,961      33,551      34,148
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................      31,961      33,551      34,148
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......      31,961      33,551      34,148
23.95 Total new obligations.............     -31,961     -33,551     -34,148
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................      31,961      33,551      34,148
    Change in obligated balances:
73.10 Total new obligations.............      31,961      33,551      34,148
73.20 Total outlays (gross).............     -31,961     -33,551     -34,148
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................      31,961      33,551      34,148
    Net budget authority and outlays:
89.00 Budget authority..................      31,961      33,551      34,148
90.00 Outlays...........................      31,961      33,551      34,148
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................      31,961      33,551      34,148
  Outlays...........................      31,961      33,551      34,148
Legislative proposal, subject to 
    PAYGO:
  Budget Authority..................                                -440
  Outlays...........................                                -440
                                    ------------------------------------
Total:
  Budget Authority..................      31,961      33,551      33,708
  Outlays...........................      31,961      33,551      33,708
                                    ====================================

    As provided by law, there will be instances wherein the earned 
income tax credit will exceed the amount of tax liability owed through 
the individual income tax system, resulting in an additional payment to 
the tax filer. The Earned Income Credit was originally authorized by the 
Tax Reduction Act of 1975 (Public Law 94-12) and made permanent by the 
Revenue Adjustment Act of 1978 (Public Law 95-600). The Tax Reform Act 
of 1986 and the Omnibus Budget Reconciliation Acts of 1990 and 1993 have 
increased the credit amount and expanded the eligibility for earned 
income credit.

    The budget proposes to permanently extend the EITC provisions in the 
Economic Growth and Tax Relief Reconciliation Act of 2001, which sunset 
on December 31, 2010. These provisions reduce EITC-related marriage 
penalties, simplify certain eligibility criteria for the credit, and 
allow the IRS to use more cost-efficient procedures to deny questionable 
EITC claims. The budget also proposes to simplify requirements regarding 
filing status, presence of children, investment income and work and 
immigration status for EITC eligibility.

      Payment Where Earned Income Credit Exceeds Liability for Tax

                (Legislative proposal, subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0906-4-1-609      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                                -440
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                                -440
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                -440
23.95 Total new obligations.............                                 440
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                                -440
    Change in obligated balances:
73.10 Total new obligations.............                                -440
73.20 Total outlays (gross).............                                 440
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                -440
    Net budget authority and outlays:
89.00 Budget authority..................                                -440
90.00 Outlays...........................                                -440
---------------------------------------------------------------------------

                                

          Payment Where Child Credit Exceeds Liability for Tax

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0922-0-1-609      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........       6,435       7,447      11,486
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       6,435       7,447      11,486
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       6,435       7,447      11,486
23.95 Total new obligations.............      -6,435      -7,447     -11,486
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       6,435       7,447      11,486
    Change in obligated balances:
73.10 Total new obligations.............       6,435       7,447      11,486
73.20 Total outlays (gross).............      -6,435      -7,447     -11,486
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       6,435       7,447      11,486
    Net budget authority and outlays:
89.00 Budget authority..................       6,435       7,447      11,486
90.00 Outlays...........................       6,435       7,447      11,486
---------------------------------------------------------------------------

    As provided by law, there will be instances wherein the child credit 
will exceed the amount of tax liability owed through the individual 
income tax system, resulting in an additional payment to the tax filer. 
The child credit was originally authorized by the Taxpayer Relief Act of 
1997 (Public Law 105-34). The budget proposes to accelerate and 
permanently extend the child tax credit provisions in the Economic 
Growth and Tax Reconciliation Act of 2001, which sunset on December 31, 
2010. It also proposes to simplify eligibility and computation of the 
additional child tax credit.

                                

       Payment Where Health Care Credit Exceeds Liability for Tax

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0923-0-1-551      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........           3          65          89
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           3          65          89
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           3          65          89
23.95 Total new obligations.............          -3         -65         -89
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           3          65          89
    Change in obligated balances:
73.10 Total new obligations.............           3          65          89
73.20 Total outlays (gross).............          -3         -65         -89
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           3          65          89
    Net budget authority and outlays:
89.00 Budget authority..................           3          65          89
90.00 Outlays...........................           3          65          89
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................           3          65          89

[[Page 862]]

  Outlays...........................           3          65          89
Legislative proposal, subject to 
    PAYGO:
  Budget Authority..................                                  82
  Outlays...........................                                  82
                                    ------------------------------------
Total:
  Budget Authority..................           3          65         171
  Outlays...........................           3          65         171
                                    ====================================

    The Trade Act of 2002 established an advanceable, refundable tax 
credit for 65 percent of cost of qualified insurance. This credit is 
available to certain recipients of trade adjustment assistance (TAA) and 
Pension Benefit Guaranty Corporation pension beneficiaries who are aged 
55-64.

    To help lower income families purchase private health insurance, the 
budget includes a proposed new refundable tax credit for health 
insurance purchased by individuals and families who are neither covered 
by employer-sponsored insurance nor enrolled in public programs. This 
schedule reflects the effects of this proposed credit in cases where the 
credit exceeds the individual tax liability resulting in payment to the 
tax filer.

       Payment Where Health Care Credit Exceeds Liability for Tax

                (Legislative proposal, subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0923-4-1-551      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                                  82
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                                  82
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                  82
23.95 Total new obligations.............                                 -82
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                                  82
    Change in obligated balances:
73.10 Total new obligations.............                                  82
73.20 Total outlays (gross).............                                 -82
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                  82
    Net budget authority and outlays:
89.00 Budget authority..................                                  82
90.00 Outlays...........................                                  82
---------------------------------------------------------------------------

                                

            Refunding Internal Revenue Collections, Interest 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0904-0-1-908      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........       3,316       3,097       2,390
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................       3,316       3,097       2,390
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       3,316       3,097       2,390
23.95 Total new obligations.............      -3,316      -3,097      -2,390
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       3,316       3,097       2,390
    Change in obligated balances:
73.10 Total new obligations.............       3,316       3,097       2,390
73.20 Total outlays (gross).............      -3,316      -3,097      -2,390
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       3,316       3,097       2,390
    Net budget authority and outlays:
89.00 Budget authority..................       3,316       3,097       2,390
90.00 Outlays...........................       3,316       3,097       2,390
---------------------------------------------------------------------------

    Under certain circumstances, as provided in 26 U.S.C. 6611, interest 
is paid on Internal Revenue collections that must be refunded. The Tax 
Equity and Fiscal Responsibility Act of 1982 (Public Law 97-248) 
provides for daily compounding of interest. Under the Tax Reform Act of 
1986 (Public Law 99-514), interest paid on Internal Revenue collections 
will equal the Federal short-term rate plus two percentage points, such 
rate to be adjusted quarterly.

                                

       Gifts to the United States for Reduction of the Public Debt

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5080-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Appropriations:
05.00 Gifts to the United States for 
        reduction of the public debt....          -1          -1          -1
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5080-0-2-808      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....           1           1           1
60.47   Portion applied to repay debt...          -1          -1          -1
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    31 U.S.C. 3113 authorizes the Secretary of the Treasury to accept 
conditional gifts to the United States for the purpose of reducing the 
public debt.

                                

                           Informant Payments

                Unavailable Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5433-0-2-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.40 Underpayment and fraud collection.           4           4           4
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...           4           4           4
    Appropriations:
05.00 Informant payments................          -4          -4          -4
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5433-0-2-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Informant Payments................           4           4           4
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 91.0)...................           4           4           4
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           4           4           4
23.95 Total new obligations.............          -4          -4          -4
    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....           4           4           4
    Change in obligated balances:
73.10 Total new obligations.............           4           4           4

[[Page 863]]

73.20 Total outlays (gross).............          -4          -4          -4
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           4           4           4
    Net budget authority and outlays:
89.00 Budget authority..................           4           4           4
90.00 Outlays...........................           4           4           4
---------------------------------------------------------------------------

    As provided by law (26 U.S.C. 7623), the Treasury Secretary may make 
payments to individuals resulting from information given that leads to 
the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 
1996 (Public Law 104-168) provides for payments of such sums to 
individuals from the proceeds of amounts (other than interest) collected 
by reason of the information provided, and any amount collected shall be 
available for such payments. This information must lead to the detection 
of underpayments of taxes, or detection and bringing to trial and 
punishment persons guilty of violating the internal revenue laws (in 
cases where such expenses are not otherwise provided for by law).

                                

Public enterprise funds:

                     Federal Tax Lien Revolving Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4413-0-3-803      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............          10           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 32.0)...................          10           6           6
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           5           5
22.00 New budget authority (gross)......           7           6           6
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          14          11          11
23.95 Total new obligations.............         -10          -6          -6
24.40 Unobligated balance carried 
        forward, end of year............           5           5           5
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...           7           6           6
    Change in obligated balances:
73.10 Total new obligations.............          10           6           6
73.20 Total outlays (gross).............          -8          -6          -6
73.45 Recoveries of prior year 
        obligations.....................          -2
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           1           1           1
86.98 Outlays from mandatory balances...           7           5           5
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           8           6           6
    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -7          -6          -6
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           1
---------------------------------------------------------------------------

    This revolving fund was established pursuant to section 112(a) of 
the Federal Tax Lien Act of 1966, to serve as the source of financing 
the redemption of real property by the United States. During the process 
of collecting unpaid taxes, the government places a tax lien on real 
estate in order to protect the government's interest. Situations arise 
where property of this nature is collateral for other indebtedness and 
the tax lien is subordinate to the original indebtedness. In this 
circumstance, it is often to the government's interest to purchase the 
property during the foreclosure sale. The advantage arises when the 
property is worth substantially more than the first lienholder's equity 
but is being sold for an amount that barely covers that equity, thereby 
leaving no proceeds to apply against delinquent taxes. Under these 
circumstances, if the Government buys the property and subsequently puts 
it up for sale under more advantageous conditions, it is possible to 
realize sufficient profit on the transaction to fully or partially 
collect the amount of taxes due. The revolving fund is reimbursed from 
the proceeds of the sale in an amount equal to the amount expended from 
the fund for the redemption. The balance of the proceeds are applied 
against the amount of the tax, interest, penalties, and additions 
thereto, and for the costs of sale. The remainder, if any, would revert 
to the parties legally entitled to it.

                                

    As directed by the Internal Revenue Service Restructuring and Reform 
Act of 1998 (section 7802(d) 26 U.S.C.), the Internal Revenue Service 
Oversight Board shall annually review and approve a budget request for 
the Internal Revenue Service. The Oversight Board's approved request 
shall be submitted to the President by the Secretary without revision, 
and the President shall submit the request, without revision, to 
Congress together with the President's Budget request for the Internal 
Revenue Service. The 2005 Oversight Board budget recommendation for the 
Internal Revenue Service is $11,407 million.

                                

           Administrative Provisions--Internal Revenue Service

    Sec. 201. Not to exceed 5 percent of any appropriation made 
available in this Act to the Internal Revenue Service may be transferred 
to any other Internal Revenue Service appropriation [upon the advance 
approval] fifteen days after notification of the Committees on 
Appropriations.
    Sec. 202. The Internal Revenue Service shall maintain a training 
program to ensure that Internal Revenue Service employees are trained in 
taxpayers' rights, in dealing courteously with the taxpayers, and in 
cross-cultural relations.
    Sec. 203. The Internal Revenue Service shall institute and enforce 
policies and procedures that will safeguard the confidentiality of 
taxpayer information.
    [Sec. 204. Funds made available by this or any other Act to the 
Internal Revenue Service shall be available for improved facilities and 
increased manpower to provide sufficient and effective 1-800 help line 
service for taxpayers. The Commissioner shall continue to make the 
improvement of the Internal Revenue Service 1-800 help line service a 
priority and allocate resources necessary to increase phone lines and 
staff to improve the Internal Revenue Service 1-800 help line service.]
    [Sec. 205. Within one hundred and eighty days of enactment, the 
Secretary of the Treasury shall present to the Congress a proposal for 
legislation which would provide transition relief for older and longer-
service participants affected by conversions of their employers' 
traditional pension plans to cash balance pension plans: Provided, That 
none of the funds made available in this Act may be used by the 
Secretary of the Treasury, or his designee, to issue any rule or 
regulation which implements the proposed amendments to Internal Revenue 
Service regulations set forth in REG-209500-86 and REG-164464-02, or any 
amendments reaching results similar to such proposed amendments.]
    [Sec. 206. Study on Earned Income Tax Credit Certification Program. 
(a) Study.--The Internal Revenue Service shall conduct a study, as a 
part of any program that requires certification (including pre-
certification) in order to claim the earned income tax credit under 
section 32 of the Internal Revenue Code of 1986, on the following 
matters:
        (1) The costs (in time and money) incurred by the participants 
    in the program.
        (2) The administrative costs incurred by the Internal Revenue 
    Service in operating the program.
        (3) The percentage of individuals included in the program who 
    were not certified for the credit, including the percentage of 
    individuals who were not certified due to--
                (A) ineligibility for the credit; and
                (B) failure to complete the requirements for 
            certification.
        (4) The percentage of individuals to whom paragraph (3)(B) 
    applies who were--

[[Page 864]]

                (A) otherwise eligible for the credit; and
                (B) otherwise ineligible for the credit.
        (5) The percentage of individuals to whom paragraph (3)(B) 
    applies who--
                (A) did not respond to the request for certification; 
            and
                (B) responded to such request but otherwise failed to 
            complete the requirements for certification.
        (6) The reasons--
                (A) for which individuals described in paragraph (5)(A) 
            did not respond to requests for certification; and
                (B) for which individuals described in paragraph (5)(B) 
            had difficulty in completing the requirements for 
            certification.
        (7) The characteristics of those individuals who were denied the 
    credit due to--
                (A) failure to complete the requirements for 
            certification; and
                (B) ineligibility for the credit.
        (8) The impact of the program on non-English speaking 
    participants.
        (9) The impact of the program on homeless and other highly 
    transient individuals.
    (b) Report.--
        (1) Preliminary report.--Not later than July 30, 2004, the 
    Commissioner of the Internal Revenue Service shall submit to 
    Congress a preliminary report on the study conducted under 
    subsection (a).
        (2) Final report.--Not later than June 30, 2005, the 
    Commissioner of the Internal Revenue Service shall submit to 
    Congress a final report detailing the findings of the study 
    conducted under subsection (a).] (Division F, H.R. 2673, 
    Consolidated Appropriations Bill, FY 2004.)

                                


 
                  OFFICE OF HOUSING FINANCE SUPERVISION

                              Federal Funds

General and special funds:

                  Office of Housing Finance Supervision

              (Legislative proposal, not subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0126-2-1-371      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.00 Office of Housing Finance 
        Supervision.....................                                  83
                                           ---------   ---------  ----------
10.00   Total new obligations...........                                  83
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                  83
23.95 Total new obligations.............                                 -83
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...                                  83
    Change in obligated balances:
73.10 Total new obligations.............                                  83
73.20 Total outlays (gross).............                                 -83
73.32 Obligated balance transferred from 
        other accounts..................                                  12
74.40 Obligated balance, end of year....                                  13
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                  71
86.98 Outlays from mandatory balances...                                  12
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........                                  83
    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....                                 -83
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Upon enactment of the Government-sponsored enterprise (GSE) proposal 
announced by the Secretaries of the Departments of Housing and Urban 
Development and the Treasury on September 10, 2003 and October 16, 2003, 
it is expected that all resources available to the Office of Federal 
Housing Enterprise Oversight (OFHEO) of the Department of Housing and 
Urban Development and the Federal Housing Finance Board (Finance Board) 
would be transferred to a new housing GSE regulator with strengthened 
enforcement authorities, independent litigation authority, and 
receivership authority.

    Such regulator is presented here within the Department of the 
Treasury as the Office of Housing Finance Supervision (the Office). The 
Secretary of the Treasury would provide policy accountability by review 
of the Office's regulations, budget, and policy statements to the 
Congress. The Office would have responsibility independent of the 
Secretary for specific matters of supervision, enforcement, and access 
to the Federal courts.

    The Administration supports direct funding of these activities with 
mandatory assessments on the GSEs, at a level that will be developed by 
the new Office upon its creation. The resource level presented here is 
an estimate based on the estimated activities of OFHEO and the Finance 
Board in 2004 and represents an increase of 25 percent over the combined 
2004 base funding in the 2004 Budget as amended. The 2004 base funding 
excludes one-time costs of $4.5 million for OFHEO's special examinations 
of Freddie Mac and Fannie Mae.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0126-2-1-371      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
99.0  Reimbursable obligations: 
        Reimbursable obligations........                                  81
99.5  Below reporting threshold.........                                   2
                                           ---------   ---------  ----------
99.9    Total new obligations...........                                  83
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0126-2-1-371      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................                                 340
---------------------------------------------------------------------------

                                


 
                       COMPTROLLER OF THE CURRENCY

                               Trust Funds

                            Assessment Funds

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8413-0-8-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.00 Bank supervision..................         444         477         488
                                           ---------   ---------  ----------
10.00   Total new obligations...........         444         477         488
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         313         340         363
22.00 New budget authority (gross)......         471         500         511
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         784         840         874
23.95 Total new obligations.............        -444        -477        -488
24.40 Unobligated balance carried 
        forward, end of year............         340         363         386
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         471         500         511
    Change in obligated balances:
72.40 Obligated balance, start of year..          67          83         100
73.10 Total new obligations.............         444         477         488
73.20 Total outlays (gross).............        -429        -460        -471
74.40 Obligated balance, end of year....          83         100         117
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         429         460         471
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on Federal securities          -9         -16         -16

[[Page 865]]

88.40     Non-Federal sources: 
            Assessments.................        -462        -484        -495
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -471        -500        -511
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -43         -40         -40
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         378         421         461
92.02 Total investments, end of year: 
        Federal securities: Par value...         421         461         501
---------------------------------------------------------------------------

    The Office of the Comptroller of the Currency was created for the 
purpose of establishing and regulating a national banking system. The 
National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665) 
rewritten and reenacted as the National Bank Act of 1864, provided for 
the chartering and supervising functions in this connection. The income 
of the bureau is derived principally from assessments paid by national 
banks and interest on investments in U.S. Government securities.

    As the Administrator of National Banks, the Office of the 
Comptroller of the Currency charters new banking institutions only after 
investigation and due consideration of charter applications. Supervision 
of existing national banks is aided by the required submission of 
periodic reports and detailed onsite examinations, which are conducted 
by a staff of approximately 1,870 national bank examiners. At present, 
there are approximately 2,150 national banks and 53 Federal branches 
with total assets of more than $4.2 trillion.

    In addition, the Comptroller considers applications for mergers in 
which the resulting bank will be a national bank and applications from 
banks to establish branches. The Comptroller of the Currency also 
promulgates rules and regulations for the guidance of national banks and 
bank directors.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8413-0-8-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         239         255         269
11.3    Other than full-time permanent..           5           6           6
11.5    Other personnel compensation....           2           2           2
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         246         263         277
12.1  Civilian personnel benefits.......          69          72          76
13.0  Benefits for former personnel.....           3
21.0  Travel and transportation of 
        persons.........................          27          29          30
22.0  Transportation of things..........           2           1           1
23.2  Rental payments to others.........          24          25          27
23.3  Communications, utilities, and 
        miscellaneous charges...........           8           8           8
24.0  Printing and reproduction.........           1           1           1
25.2  Other services....................          42          50          47
26.0  Supplies and materials............           3           4           4
31.0  Equipment.........................          16          16          11
32.0  Land and structures...............           3           8           6
                                           ---------   ---------  ----------
99.9    Total new obligations...........         444         477         488
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-8413-0-8-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................       2,761       2,789       2,789
---------------------------------------------------------------------------

                                


 
                      OFFICE OF THRIFT SUPERVISION

                              Federal Funds

Public enterprise funds:

  

                      Office of Thrift Supervision 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4108-0-3-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Office of Thrift Supervision......         154         178         182
                                           ---------   ---------  ----------
10.00   Total new obligations...........         154         178         182
    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         136         159         163
22.00 New budget authority (gross)......         174         179         183
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3           3           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         313         341         349
23.95 Total new obligations.............        -154        -178        -182
24.40 Unobligated balance carried 
        forward, end of year............         159         163         167
    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         174         179         183
    Change in obligated balances:
72.40 Obligated balance, start of year..          23          23          39
73.10 Total new obligations.............         154         178         182
73.20 Total outlays (gross).............        -151        -159        -166
73.45 Recoveries of prior year 
        obligations.....................          -3          -3          -3
74.40 Obligated balance, end of year....          23          39          52
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         141         119         125
86.98 Outlays from mandatory balances...          10          40          41
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         151         159         166
    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -4          -5          -5
88.20     Interest on Federal securities          -5          -4          -4
88.40     Non-Federal sources...........          -6          -1          -1
88.45     Offsetting governmental 
            collections (from non-
            Federal sources)............        -159        -169        -173
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -174        -179        -183
    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -23         -20         -17
    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         158         181         181
92.02 Total investments, end of year: 
        Federal securities: Par value...         181         181         181
---------------------------------------------------------------------------

    The Office of Thrift Supervision (OTS) was established by Congress 
as a bureau of the Department of the Treasury as part of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 
1811 note). The OTS assumed the regulatory functions of the Federal Home 
Loan Bank Board dissolved by the same act.

    OTS charters, examines, supervises, and regulates federal savings 
associations insured by the Savings Association Insurance Fund (SAIF). 
OTS also examines, supervises, and regulates state-chartered savings 
associations belonging to the SAIF and provides for the registration, 
examination, and regulation of savings association affiliates and 
holding companies. The OTS sets capital standards for Federal and State 
savings associations and reviews applications of state-chartered thrifts 
for conversion to federal thrifts.

    OTS receives no appropriated funds from Congress. Income of the 
bureau is derived principally from assessments on thrifts, examination 
fees, and interest on investments in U.S. government obligations. As of 
September 30, 2003, OTS oversees 936 thrifts with total assets of $1.09 
trillion.

[[Page 866]]

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4108-0-3-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............          91          91          93
11.5    Other personnel compensation....                       2           2
                                           ---------   ---------  ----------
11.9      Total personnel compensation..          91          93          95
12.1  Civilian personnel benefits.......          25          46          47
13.0  Benefits for former personnel.....           1
21.0  Travel and transportation of 
        persons.........................          15          11          12
23.2  Rental payments to others.........           5           7           7
23.3  Communications, utilities, and 
        miscellaneous charges...........           4           4           4
25.1  Advisory and assistance services..           2           2           2
25.2  Other services....................           2           4           4
25.3  Other purchases of goods and 
        services from Government 
        accounts........................           2           3           3
25.4  Operation and maintenance of 
        facilities......................           4           4           4
26.0  Supplies and materials............           1           1           1
31.0  Equipment.........................           2           3           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........         154         178         182
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4108-0-3-373      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         912         913         913
---------------------------------------------------------------------------

                                


 
                       INTEREST ON THE PUBLIC DEBT

                              Federal Funds

General and special funds:

              Interest on Treasury Debt Securities (Gross)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0550-0-1-901      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on Treasury Securities...     318,148     319,151     349,788
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................     318,148     319,151     349,788
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......     318,149     319,151     349,788
23.95 Total new obligations.............    -318,148    -319,151    -349,788
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................     318,149     319,151     349,788
    Change in obligated balances:
73.10 Total new obligations.............     318,148     319,151     349,788
73.20 Total outlays (gross).............    -318,149    -319,151    -349,788
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................     318,149     319,151     349,788
    Net budget authority and outlays:
89.00 Budget authority..................     318,149     319,151     349,788
90.00 Outlays...........................     318,149     319,151     349,788
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2003 actual  2004 est.   2005 est.
Enacted/requested:
  Budget Authority..................     318,149     319,151     349,788
  Outlays...........................     318,149     319,151     349,788
Legislative proposal, not subject to 
    PAYGO:
  Budget Authority..................                                  11
  Outlays...........................                                  11
Legislative proposal, subject to 
    PAYGO:
  Budget Authority..................                       6           6
  Outlays...........................                       6           6
                                    ------------------------------------
Total:
  Budget Authority..................     318,149     319,157     349,805
  Outlays...........................     318,149     319,157     349,805
                                    ====================================

    Such amounts are appropriated as may be necessary to pay the 
interest each year on the public debt (31 U.S.C. 1305, 3123). Interest 
on Government account series securities is generally computed on a cash 
basis. Interest is generally computed on an accrual basis on all other 
types of securities.

              Interest on Treasury Debt Securities (Gross)

              (Legislative proposal, not subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0550-2-1-901      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on Treasury Securities...                                  11
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................                                  11
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                  11
23.95 Total new obligations.............                                 -11
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                                  11
    Change in obligated balances:
73.10 Total new obligations.............                                  11
73.20 Total outlays (gross).............                                 -11
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                  11
    Net budget authority and outlays:
89.00 Budget authority..................                                  11
90.00 Outlays...........................                                  11
---------------------------------------------------------------------------

                                     

              Interest on Treasury Debt Securities (Gross)

                (Legislative proposal, subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0550-4-1-901      2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on Treasury Securities...                       6           6
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................                       6           6
    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                       6           6
23.95 Total new obligations.............                      -6          -6
    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                       6           6
    Change in obligated balances:
73.10 Total new obligations.............                       6           6
73.20 Total outlays (gross).............                      -6          -6
    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       6           6
    Net budget authority and outlays:
89.00 Budget authority..................                       6           6
90.00 Outlays...........................                       6           6
---------------------------------------------------------------------------

                                


 
                      GENERAL FUND RECEIPT ACCOUNTS

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
Governmental receipts:
  20-015800  Transportation fuels tax: 
    Enacted/requested...................         920       1,004       1,058
    Legislative proposal, subject to 
      PAYGO.............................                    -701        -750
  20-065000  Deposit of earnings, 
    Federal Reserve System: Enacted/
    requested...........................      21,878      22,880      25,262
  20-085000  Registration, filing, and 
    transaction fees: Enacted/requested.           3           1           1
  20-086100  Charges for expenses, 
    settlement of international claims: 
    Enacted/requested...................                       1           1
  20-086900  Fees for legal and judicial 
    services, not otherwise classified: 
    Enacted/requested...................          77          77          77
  20-089100  Miscellaneous fees for 
    regulatory and judicial services, 
    not otherwise classified: Enacted/
    requested...........................           8           8           8

[[Page 867]]

  20-101000  Fines, penalties, and 
    forfeitures, agricultural laws: 
    Enacted/requested...................           3           3           3
  20-102000  Fines, penalties, and 
    forfeitures, economic stabilization 
    laws: Enacted/requested.............           9           9           9
  20-103000  Fines, penalties, and 
    forfeitures, immigration and labor 
    laws: Enacted/requested.............          71          71          71
  20-104000  Fines, penalties, and 
    forfeitures, customs, commerce, and 
    antitrust laws: Enacted/requested...          97          97          97
  20-105000  Fines, penalties, and 
    forfeitures, narcotic prohibition 
    and alcohol laws: Enacted/requested.           5           5           5
  20-106000  Forfeitures of unclaimed 
    money and property: Enacted/
    requested...........................          25          25          25
  20-108000  Fines, penalties, and 
    forfeitures, Federal coal mine 
    health and safety laws: Enacted/
    requested...........................          17          17          17
  20-129900  Gifts to the United States, 
    not otherwise classified: Enacted/
    requested...........................           2           1           1
  20-241100  User fees for IRS: Enacted/
    requested...........................          42          42          11
    Legislative proposal, subject to 
      PAYGO.............................                                  32
  20-309200  Recovery from highway trust 
    fund for refunds of taxes: Enacted/
    requested...........................       1,150       1,033       1,086
  20-309400  Recovery from airport and 
    airway trust fund for refunds of 
    taxes: Enacted/requested............          45          50          52
  20-309500  Recovery from leaking 
    underground storage tank trust fund 
    for refunds of taxes, EPA: Enacted/
    requested...........................           6           5           5
  20-309990  Refunds of moneys 
    erroneously received and recovered 
    (20X1807): Enacted/requested........        -320        -324        -332
  95-109900  Fines, penalties, and 
    forfeitures, not otherwise 
    classified: Enacted/requested.......         778         603         603
  99-011050  Individual income taxes: 
    Enacted/requested...................     793,644     765,715     892,263
    Legislative proposal, not subject to 
      PAYGO.............................
    Legislative proposal, subject to 
      PAYGO.............................                    -371     -18,481
  99-011100  Corporation income and 
    excess profits taxes: Enacted/
    requested...........................     131,877     162,051     221,930
    Legislative proposal, subject to 
      PAYGO.............................                   6,690       8,266
  99-015250  Other Federal fund excise 
    taxes: Enacted/requested............        -524        -151        -181
    Legislative proposal, subject to 
      PAYGO.............................                                -133
  99-015300  Estate and gift taxes: 
    Enacted/requested...................      21,959      23,909      23,097
    Legislative proposal, subject to 
      PAYGO.............................                              -1,655
  99-015500  Tobacco excise tax: 
    Enacted/requested...................       7,934       7,990       7,907
  99-015600  Alcohol excise tax: 
    Enacted/requested...................       7,893       8,051       8,170
    Legislative proposal, subject to 
      PAYGO.............................                     -58         -79
  99-015700  Telephone excise tax: 
    Enacted/requested...................       5,788       6,319       6,798
  99-031050  Other Federal fund customs 
    duties: Enacted/requested...........      12,958      14,300      14,620
    Legislative proposal, not subject to 
      PAYGO.............................                     885         341
    Legislative proposal, subject to 
      PAYGO.............................                                -520
                                           ---------   ---------  ----------
General Fund Governmental receipts......   1,006,345   1,020,237   1,189,685
----------------------------------------------------------------------------
Offsetting receipts from the public:
  20-143500  General fund proprietary 
    interest receipts, not otherwise 
    classified: Enacted/requested.......         180         180         180
  20-145000  Interest payments from 
    States, cash management improvement: 
    Enacted/requested...................          38          24          21
  20-146310  Interest on quota in 
    International Monetary Fund: 
    Enacted/requested...................         348         348         348
  20-146400  Interest received on loans 
    and credits to foreign nations: 
    Enacted/requested...................         117         111         103
  20-148400  Interest on deposits in tax 
    and loan accounts: Enacted/requested         130         221         464
  20-149900  Interest received from 
    credit financing accounts: Enacted/
    requested...........................      10,674      11,291      11,594
  20-168200  Gain by exchange on foreign 
    currency denominated public debt 
    securities: Enacted/requested.......           8
  20-276330  Community Development 
    Financial Institutions Fund, 
    downward re-estimate of subsidies: 
    Enacted/requested...................           1           2
  20-276610  Air Transportation Safety 
    and System Stabilization Act, 
    negative subsidies: Enacted/
    requested...........................           5           3
  20-277130  Air Transportation 
    Stabilization guaranteed loan, 
    downward reestimates of subsidies: 
    Enacted/requested...................                     233
  20-286800  Dollar conversion of 
    foreign currency loan repayments: 
    Enacted/requested...................           4           4           4
  20-286900  Repayment of loans and 
    credits to foreign nations: Enacted/
    requested...........................          85          88          94
  20-322000  All other general fund 
    proprietary receipts: Enacted/
    requested...........................       1,419       1,419       1,419
  20-387500  Budget clearing account 
    (suspense): Enacted/requested.......        -596
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................      12,413      13,924      14,227
----------------------------------------------------------------------------
Intragovernmental payments:
  13-141000  Interest on investment, 
    economic development revolving fund: 
    Enacted/requested...................           2           2           1
  14-142400  Interest on investment, 
    Colorado River projects: Enacted/
    requested...........................           4           4           4
  14-142700  Interest on advances to 
    Colorado River Dam fund, Boulder 
    Canyon project: Enacted/requested...          12          11          11
  20-133700  Interest on loans to the 
    Helium Fund, Department of Interior: 
    Enacted/requested...................          82          71         135
  20-133800  Interest on loans to the 
    Presidio: Enacted/requested.........           3           3           3
  20-135100  Interest on loans to BPA: 
    Enacted/requested...................         257         368         390
  20-135400  Interest on loans for 
    housing for the elderly or 
    handicapped: Enacted/requested......         233         188         161
  20-136100  Interest on loans to the 
    Secretary of Transportation, 
    railroad rehabilitation and 
    improvement fund: Enacted/requested.           2           2           2
  20-136300  Interest on loans for 
    college housing and academic 
    facilities loans, Education: 
    Enacted/requested...................          10           8           8
  20-140100  Interest on loans to 
    Commodity Credit Corporation: 
    Enacted/requested...................         141         163         219
  20-140500  Interest on loans to 
    H.U.D., college housing loans, 
    Education: Enacted/requested........           1           1
  20-141700  Interest on loans to 
    Tennessee Valley Authority: Enacted/
    requested...........................                                   2
  20-141800  Interest on loans to 
    Federal Financing Bank: Enacted/
    requested...........................       2,449       1,192       1,186
  20-142500  Interest on loans to rural 
    development insurance fund: Enacted/
    requested...........................          14          12
  20-143300  Interest on loans to 
    national flood insurance fund, DHS: 
    Enacted/requested...................           5
  20-149500  Interest payments on 
    repayable advances to the black lung 
    disability trust fund: Enacted/
    requested...........................         621         639         659
    Legislative proposal, not subject to 
      PAYGO.............................                               2,764
  20-149700  Payment of interest on 
    advances to the Railroad Retirement 
    Board: Enacted/requested............         194         177         204
  20-241600  Charges for administrative 
    expenses of Social Security Act as 
    amended: Enacted/requested..........         298         367         400
  20-310100  Recoveries from Federal 
    agencies for settlement of claims 
    for contract disuptes: Enacted/
    requested...........................         279
  20-320000  Receivables from cancelled 
    accounts: Enacted/requested.........         303         100         100
  20-388500  Undistributed 
    intragovernmental payments: Enacted/
    requested...........................         768
  73-142800  Interest on advances to 
    Small Business Administration: 
    Enacted/requested...................          25          13           8
  91-142200  Interest on loans, higher 
    education facilities loan fund: 
    Enacted/requested...................           1           1           1
                                           ---------   ---------  ----------
General Fund Intragovernmental payments.       5,704       3,322       6,258
---------------------------------------------------------------------------

                                

                   Other Consolidated Receipt Accounts

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2003 actual   2004 est.   2005 est.
----------------------------------------------------------------------------
  20-977920  Interest, Miscellaneous 
    trust funds, government-wide........           1           1           1
---------------------------------------------------------------------------

                                


 
             GENERAL PROVISIONS--DEPARTMENT OF THE TREASURY

    Sec. 210. Appropriations to the Department of the Treasury in this 
Act shall be available for uniforms or allowances therefor, as 
authorized by law (5 U.S.C. 5901), including maintenance, repairs, and 
cleaning; purchase of insurance for official motor vehicles operated in 
foreign countries; purchase of motor vehicles without regard to the 
general purchase price limitations for vehicles purchased and used 
overseas for the current fiscal year; entering into contracts with the 
Department of State for the furnishing of health and medical services to 
employees and their dependents serving in foreign countries; and 
services authorized by 5 U.S.C. 3109.
    Sec. 211. Not to exceed 2 percent of any appropriations in this Act 
made available to the Departmental Offices--Salaries and Expenses, 
Office of Inspector General, Treasury Inspector General for Tax 
Administration, Financial Management Service, Alcohol and Tobacco Tax 
and Trade Bureau, Financial Crime Enforcement Network, Internal Revenue 
Service and Bureau of the Public Debt, may be transferred between such 
appropriations upon the advance [approval] notification of the 
Committees on Appropriations. No transfer may increase or decrease any 
such appropriation by more than 2 percent.

[[Page 868]]

    [Sec. 212. Not to exceed 2 percent of any appropriation made 
available in this Act to the Internal Revenue Service may be transferred 
to the Treasury Inspector General for Tax Administration's appropriation 
upon the advance approval of the Committees on Appropriations. No 
transfer may increase or decrease any such appropriation by more than 2 
percent.]
    Sec. [213] 212. Of the funds available for the purchase of law 
enforcement vehicles, no funds may be obligated until the Secretary of 
the Treasury certifies that the purchase by the respective Treasury 
bureau is consistent with Departmental vehicle management principles: 
Provided, That the Secretary may delegate this authority to the 
Assistant Secretary for Management.
    [Sec. 214. None of the funds appropriated in this Act or otherwise 
available to the Department of the Treasury or the Bureau of Engraving 
and Printing may be used to redesign the $1 Federal Reserve note.]
    Sec. [215] 213. The Secretary of the Treasury may transfer funds 
from ``Salaries and Expenses'', Financial Management Service, to the 
Debt Services Account as necessary to cover the costs of debt 
collection: Provided, That such amounts shall be reimbursed to such 
Salaries and Expenses account from debt collections received in the Debt 
Services Account.
    Sec. [216] 214. Section 122(g)(1) of Public Law 105-119 (5 U.S.C. 
3104 note), is further amended by striking ``[5] 6 years'' and inserting 
``[6] 7 years''.
    Sec. 215. The Treasury Department Appropriations Act, 1997 under the 
heading ``Treasury Franchise Fund'', as amended is further amended by 
striking ``October 1, 2004,'' and inserting ``October 1, 2005,''. (P.L. 
104-208; P.L. 106-554; P.L. 108-7).
    Sec. 216. (a) Section 3333 of title 31, U.S.C., is amended as 
follows:
        (1) By revising paragraph (a)(1) to read as follows:
    ``(a)(1) The Secretary of the Treasury is not liable for a payment 
made by the Secretary or depositary in due course and without 
negligence, of--
        (A) a check, draft, or warrant drawn on the Treasury or the 
    depositary;
        (B) an electronic payment issued by the Treasury or the 
    depositary; and
        (C) a debt obligation guaranteed or assumed by the United States 
    Government.'';
    (2) By inserting after paragraph (a)(2) the following new paragraph:
    ``(3) The amount of the relief shall be charged to the Check Forgery 
Insurance Fund (31 U.S.C. 3343). A recovery or repayment of a loss for 
which replacement is made out of the fund shall be credited to the fund 
and is available for the purposes for which the fund was established.''.
    (b) The Check Forgery Insurance Fund (31 U.S.C. 3343) shall be 
available to fund amounts relating to the payment of items listed in 31 
U.S.C. 3333(a)(1), as amended above, prior to the enactment of this Act.
    [Sec. 217. None of the funds appropriated or otherwise made 
available by this or any other Act may be used by the United States Mint 
to construct or operate any museum without the explicit approval of the 
House Committee on Financial Services and the Senate Committee on 
Banking, Housing, and Urban Affairs.]
    [Sec. 218. For fiscal year 2004 and each fiscal year thereafter, 
there are appropriated to the Secretary of the Treasury such sums as may 
be necessary to reimburse financial institutions in their capacity as 
depositaries and financial agents of the United States for all services 
required or directed by the Secretary of the Treasury, or the 
Secretary's designee, to be performed by such financial institutions on 
behalf of the Department of the Treasury or other Federal agencies, 
including services rendered prior to fiscal year 2004.] (Division F, 
H.R. 2673, Consolidated Appropriations Bill, FY 2004.)
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