    [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 2006

    [[Page 851]]

                           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,
    [$157,559,000] $195,253,000, of which not to exceed [$7,274,000]
    $16,656,000 for executive direction program activities; [not to exceed
    $7,200,000 for general counsel program activities;] not to exceed
    [$31,657,000] $32,011,000 for economic policies and programs activities;
    not to exceed [$26,072,000] $24,721,000 for financial policies and
    programs activities; not to exceed [$10,633,000] $39,938,000 for
    [terrorism and financial intelligence] financial crimes policies and
    programs activities; not to exceed [$16,760,000] $16,843,000 for
    Treasury-wide management policies and programs activities; not to exceed
    [$57,963,000] $65,084,000 for administration programs activities:
    [Provided, That the Secretary of the Treasury is authorized to transfer
    funds appropriated for any program activity of the Departmental Offices
    to any other program activity of the Departmental Offices upon
    notification to the House and Senate Committees on Appropriations:
    Provided further, That no appropriation for any program activity shall
    be increased or decreased by more than 2.5 percent by all such
    transfers: Provided further, That notification of any change in funding
    greater than 2.5 percent shall be submitted for approval to the House
    and Senate Committees on Appropriations: Provided further, That the
    funds identified within the administration program activity to support
    the Office of Foreign Assets Control shall be transferred to ``Office of
    Foreign Assets Control'': Provided further, That this transfer authority
    shall be in addition to any other provided in this Act:] Provided
    further, That of the amount appropriated under this heading, not to
    exceed $3,000,000, to remain available until September 30, [2006] 2007,
    for information technology modernization requirements; not to exceed
    $100,000 for official reception and representation expenses; and 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: Provided
    further, That of the amount appropriated under this heading,
    [$3,393,000] $5,173,000, to remain available until September 30, [2006]
    2007, is 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. (Transportation, Treasury, Independent Agencies,
    and General Government Appropriations Act, 2005.)

                       [Office of Foreign Assets Control]

                             [salaries and expenses]

        [For necessary expenses of the Office of Foreign Assets Control,
    $22,291,000: Provided, That the funding available shall support no less
    than 138 full time equivalent positions.] (Transportation, Treasury,
    Independent Agencies, and General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Economic policies and programs....          55          31          32
    00.02 Financial policies and programs...          44          25          25
    00.03 Financial crimes policies and
            programs........................           9          10          40
    00.04 Treasury-wide management policies
            and programs....................          23          18          12
    00.05 Treasury-wide financial statement
            audit...........................           6           3           5
    00.06 Office of Foreign Assets Control..          21          22
    00.07 Executive Direction...............          14          14          17
    00.08 Administration programs activities                      55          64
                                               ---------   ---------  ----------
    01.00   Subtotal, Direct programs.......         172         178         195
    09.11 Reimbursable program..............          13          20          20
                                               ---------   ---------  ----------
    09.99   Subtotal, reimbursable program..          13          20          20
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         185         198         215
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           2           1
    22.00 New budget authority (gross)......         188         198         215
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         190         200         216
    23.95 Total new obligations.............        -185        -198        -215
    23.98 Unobligated balance expiring or
            withdrawn.......................          -3          -1          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         176         179         195
    40.35   Appropriation permanently
              reduced.......................          -1          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         175         178         195
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...          11          20          20
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           2
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......          13          20          20
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         188         198         215
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          46          54          52
    73.10 Total new obligations.............         185         198         215
    73.20 Total outlays (gross).............        -179        -195        -212
    73.40 Adjustments in expired accounts
            (net)...........................                      -5          -5
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -2
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           4
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          54          52          50
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         157         163         177
    86.93 Outlays from discretionary
            balances........................          22          32          35
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         179         195         212
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........         -13         -20         -20
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -2
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         175         178         195
    90.00 Outlays...........................         166         175         192
    ----------------------------------------------------------------------------

        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
    ---------------------------------------------------------------------------

        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.

    [[Page 852]]

    The Secretary's responsibilities funded by the Salaries and Expenses
    appropriation include: recommending and implementing United States
    domestic and international economic and tax policy; implementing fiscal
    policy; governing the fiscal operations of the Government; fighting
    terrorism and financial crimes and money laundering; 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.

        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, asset management and automated
    information systems and telecommunications.

        Executive Direction Policies and Programs.--The function of the
    Executive Direction Policies and Programs Activity is to provide
    direction, policy formulation, and coordination by the Secretary and
    Deputy Secretary. This activity also supports the services on Treasury
    Headquarters' legal counsel, legislative and public affairs, and the
    Treasurer of the United States.

        Economic Policies and Programs.--The function of the Economic
    Policies and Programs Activity is to advise the Secretary and Deputy
    Secretary in domestic and international 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 tax policy and 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).

        Financial Crimes, Policies, and Programs.--The function of the
    Financial Crimes Policies and Programs Activity is to advise the
    Secretary on matters related to fighting financial crimes, money
    laundering, and terrorist financing. The Office of Terrorism and
    Financial Intelligence (TFI), headed by the Under Secretary, fully
    integrates financial crimes enforcement functions by providing policy
    development and direction to safeguard the financial system against
    illicit use and using Treasury's array of economic tools against rogue
    nations, terrorist facilitators, money launderers, drug kingpins, and
    other national security threats. TFI also provides 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 the financial crimes 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.

        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 much of the

    [[Page 853]]

    financial statement audit work that will be done by the Office of the
    Inspector General (OIG). 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.

        Administration.--The function of the Administration Activity is to
    provide operational support to all Headquarters offices. These
    activities include financial and budget, human resources, information
    technology, procurement, facilities support, and travel services.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................          88          88          89
    12.1    Civilian personnel benefits.....          20          19          17
    21.0    Travel and transportation of
              persons.......................                       2           3
    23.1    Rental payments to GSA..........           3           5           4
    23.3    Communications, utilities, and
              miscellaneous charges.........          16           9           9
    24.0    Printing and reproduction.......           2           3           3
    25.1    Advisory and assistance services                       1
    25.2    Other services..................          37          18          49
    25.3    Other purchases of goods and
              services from Government
              accounts......................                      24          10
    25.7    Operation and maintenance of
              equipment.....................                       3
    26.0    Supplies and materials..........           5           4           5
    31.0    Equipment.......................           1           2           6
                                               ---------   ---------  ----------
    99.0      Direct obligations............         172         178         195
    99.0  Reimbursable obligations..........          13          20          20
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         185         198         215
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         884         960       1,005
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          90          90          90
    ---------------------------------------------------------------------------

            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,
    [$32,260,000] $24,412,000, to remain available until September 30,
    [2007] 2008: 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 ``Internal
    Revenue Service, [Information Systems] Tax Administration and
    Operations'' or ``Internal Revenue Service, Business Systems
    Modernization''. (Transportation, Treasury, Independent Agencies, and
    General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0115-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          37          32          31
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          37          32          31
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           7           7           7
    22.00 New budget authority (gross)......          36          32          24
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          43          39          31
    23.95 Total new obligations.............         -37         -32         -31
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           7           7
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          36          32          24
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          13          15          11
    73.10 Total new obligations.............          37          32          31
    73.20 Total outlays (gross).............         -35         -36         -27
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          15          11          15
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          28          23          17
    86.93 Outlays from discretionary
            balances........................           7          13          10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          35          36          27
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          36          32          24
    90.00 Outlays...........................          35          36          27
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    23.1  Rental payments to GSA............           4           1           1
    25.2  Other services....................          18          30          27
    26.0  Supplies and materials............          14
    31.0  Equipment.........................           1           1           3
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          37          32          31
    ---------------------------------------------------------------------------

                           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,
    [$16,500,000] $16,722,000, of which not to exceed $2,500 shall be
    available for official reception and representation expenses.
    (Transportation, Treasury, Independent Agencies, and General Government
    Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0106-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Audits............................           9          11          12
    00.02 Investigations....................           4           5           5
    09.01 Reimbursable program..............           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          15          18          19
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1
    22.00 New budget authority (gross)......          14          18          19
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          15          18          19
    23.95 Total new obligations.............         -15         -18         -19
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          13          16          17
          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
                                               ---------   ---------  ----------

    [[Page 854]]

    68.90     Spending authority from
                offsetting collections
                (total discretionary).......           1           2           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          14          18          19
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           3           1           1
    73.10 Total new obligations.............          15          18          19
    73.20 Total outlays (gross).............         -15         -17         -19
    73.40 Adjustments in expired accounts
            (net)...........................          -2
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................                      -1          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           1           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          13          17          18
    86.93 Outlays from discretionary
            balances........................           2                       1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          15          17          19
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................                      -1          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          13          16          17
    90.00 Outlays...........................          14          16          18
    ---------------------------------------------------------------------------

        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.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0106-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................           9          10          11
    12.1    Civilian personnel benefits.....           2           3           3
    21.0    Travel and transportation of
              persons.......................                       1           1
    23.1    Rental payments to GSA..........           1           1           1
    25.2    Other services..................           2           2           2
                                               ---------   ---------  ----------
    99.0      Direct obligations............          14          17          18
    99.0  Reimbursable obligations..........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          15          18          19
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0106-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          99         115         115
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           7           6           6
    ---------------------------------------------------------------------------

                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, [$129,126,000] $133,286,000; and of which not to
    exceed $1,500 shall be available for official reception and
    representation expenses. (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Audit.............................          48          48          50
    00.02 Investigations....................          79          80          83
    09.01 Reimbursable program..............           3           3           3
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         130         131         136
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         130         131         136
    23.95 Total new obligations.............        -130        -131        -136
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   New budget authority (gross),
              detail........................         128         129         133
    40.35   Appropriation permanently
              reduced.......................          -1          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         127         128         133
    68.00 Spending authority from offsetting
            collections: Spending authority
            from offsetting collections.....           3           3           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         130         131         136
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Change in obligated balances......          10          12          10
    73.10 Total new obligations.............         130         131         136
    73.20 Total outlays (gross).............        -128        -133        -136
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          12          10          10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays (gross), detail...........         118         121         126
    86.93 Outlays from discretionary
            balances........................          10          12          10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         128         133         136
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Offsets.................          -3          -3          -3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         127         128         133
    90.00 Outlays...........................         125         130         133
    ---------------------------------------------------------------------------

        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

    [[Page 855]]

    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.

        This program also supports the Inspectors General Criminal
    Investigator Academy of the Department of the Treasury. This program is
    funded through reimbursements from the participating agencies.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          71          71          73
    11.3      Other than full-time permanent           1           1           1
    11.5      Other personnel compensation..           8           8           9
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          80          80          83
    12.1    Civilian personnel benefits.....          21          21          24
    21.0    Travel and transportation of
              persons.......................           4           4           4
    23.1    Rental payments to GSA..........           9           9          10
    23.3    Communications, utilities, and
              miscellaneous charges.........           2           2           2
    25.1    Advisory and assistance services           1           1           1
    25.2    Other services..................           1           1           1
    25.3    Other purchases of goods and
              services from Government
              accounts......................           3           4           3
    25.7    Operation and maintenance of
              equipment.....................           1           1           1
    26.0    Supplies and materials..........           1           1           1
    31.0    Equipment.......................           4           4           3
                                               ---------   ---------  ----------
    99.0      Direct obligations............         127         128         133
    99.0  Reimbursable obligations..........           3           3           3
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         130         131         136
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         862         852         856
        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, [$12,316,000] $10,000,000, to remain available until
    September 30, [2007] 2008. (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Repair and improvement of Main
            Treasury........................          26          12          10
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          26          12          10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           2           3
    22.00 New budget authority (gross)......          25          12          10
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1           1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          28          15          14
    23.95 Total new obligations.............         -26         -12         -10
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           3           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          25          12          10
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          26          22          15
    73.10 Total new obligations.............          26          12          10
    73.20 Total outlays (gross).............         -29         -18         -14
    73.45 Recoveries of prior year
            obligations.....................          -1          -1          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          22          15          10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           9           5           5
    86.93 Outlays from discretionary
            balances........................          20          13           9
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          29          18          14
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          25          12          10
    90.00 Outlays...........................          29          18          14
    ---------------------------------------------------------------------------

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

        This appropriation of $10,000,000 million will be the final
    investment in the Treasury Building and Annex Repair and Restoration
    (TBARR) project. Major repairs and restoration have resulted in a more
    modernized working environment while preserving the historic integrity
    of the Treasury Building, and have ensured improved working conditions
    for the health and safety of Treasury employees and visitors.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           1
    23.1  Rental payments to GSA............           5           3           3
    25.2  Other services....................          20           9           7
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          26          12          10
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          10
    ---------------------------------------------------------------------------

                     [Expanded Access to Financial Services]

                                 [(Rescission)]

        [Of the unobligated balances available under this heading,
    $4,000,000 are rescinded.] (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0121-0-1-808      2004 actual   2005 est.   2006 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..........           5           4
    22.00 New budget authority (gross)......                      -4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           5
    23.95 Total new obligations.............          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.36   Unobligated balance permanently
              reduced.......................                      -4
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           6           3

    [[Page 856]]

    73.10 Total new obligations.............           1
    73.20 Total outlays (gross).............          -4          -3
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................           4           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      -4
    90.00 Outlays...........................           4           3
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0121-0-1-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           2
    ---------------------------------------------------------------------------

                              Counterterrorism Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0117-0-1-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Counterterrorism-related
            activities......................           7           5
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................           7           5
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          12           5
    23.95 Total new obligations.............          -7          -5
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           5
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                       7           5
    73.10 Total new obligations.............           7           5
    73.20 Total outlays (gross).............                      -7          -5
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           7           5
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................                       7           5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................                       7           5
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Administrative Expenses...........           4          11           3
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           4          11           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           5           5
    22.00 New budget authority (gross)......           4           6           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           9          11           3
    23.95 Total new obligations.............          -4         -11          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation, P.L. 107-297.....           4           6           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           2           6
    73.10 Total new obligations.............           4          11           3
    73.20 Total outlays (gross).............          -6          -7          -4
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           2           6           5
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           3           5           3
    86.98 Outlays from mandatory balances...           3           2           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           6           7           4
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           4           6           3
    90.00 Outlays...........................           5           7           4
    ---------------------------------------------------------------------------

        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. As required by the Act, Treasury is conducting a study
    on the effectiveness of the program and will report its results to
    Congress by June 30, 2005.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0123-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................           1           1
    25.1    Advisory and assistance services           3           9           2
                                               ---------   ---------  ----------
    99.0      Direct obligations............           4          10           2
    99.5  Below reporting threshold.........                       1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           4          11           3
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0123-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           9           9           2
    ---------------------------------------------------------------------------

                            Treasury Forfeiture Fund

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5697-0-2-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Receipts:
    02.00 Forfeited cash and proceeds from
            sale of forfeited property, Tre.         309         246         246
    02.40 Earnings on investments, Treasury
            forfeiture fund.................           5           5           5
                                               ---------   ---------  ----------

    [[Page 857]]

    02.99   Total receipts and collections..         314         251         251
        Appropriations:
    05.00 Treasury forfeiture fund..........        -313        -251        -251
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -313        -251        -251
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............           1
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5697-0-2-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Asset forfeiture fund.............         316         297         251
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         316         297         251
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          75          96          50
    22.00 New budget authority (gross)......         313         251         251
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          23
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         411         347         301
    23.95 Total new obligations.............        -316        -297        -251
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          96          50          50
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         313         251         251
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         173         176         222
    73.10 Total new obligations.............         316         297         251
    73.20 Total outlays (gross).............        -289        -251        -251
    73.45 Recoveries of prior year
            obligations.....................         -23
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         176         222         222
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         191         226         226
    86.98 Outlays from mandatory balances...          98          25          25
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         289         251         251
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         313         251         251
    90.00 Outlays...........................         288         251         251
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         183         126         126
    92.02 Total investments, end of year:
            Federal securities: Par value...         126         126         126
    ---------------------------------------------------------------------------

        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 laws
    enforced by bureaus participating in the fund and other expenses
    authorized by 31 U.S.C. 9703.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5697-0-2-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................          60         222         176
    25.3  Other purchases of goods and
            services from Government
            accounts........................          80
    41.0  Grants, subsidies, and
            contributions...................         103          75          75
    44.0  Refunds...........................          73
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         316         297         251
    ---------------------------------------------------------------------------

                       Presidential Election Campaign Fund

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5081-0-2-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Receipts:
    02.61 Presidential election campaign
            fund............................          56          56          56
        Appropriations:
    05.00 Presidential election campaign
            fund............................         -56         -55         -55
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............                       1           1
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5081-0-2-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Matching Funds in Primaries.......          60          10
    00.02 Nominating conventions for parties           2
    00.03 General Elections.................         116
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         178          10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         166          44          89
    22.00 New budget authority (gross)......          56          55          55
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         222          99         144
    23.95 Total new obligations.............        -178         -10
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          44          89         144
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....          56          55          55
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         178          10
    73.20 Total outlays (gross).............        -178         -10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          12
    86.98 Outlays from mandatory balances...         166          10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         178          10
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          56          55          55
    90.00 Outlays...........................         178          10
    ---------------------------------------------------------------------------

        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 of the
    political party is held. By statute, the two major parties receive $4
    million each, plus a cost-of-living increase. In 2004, both parties
    received $14.9 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 2004, this amounted
    to $74.6 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.

    [[Page 858]]

                             Sallie Mae Assessments

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5407-0-2-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Receipts:
    02.00 Sallie Mae assessments............           1
        Appropriations:
    05.00 Sallie Mae assessments............          -1
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5407-0-2-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Sallie Mae oversight activities...           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 99.5)...................           1           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                       1
    22.00 New budget authority (gross)......           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           1           1
    23.95 Total new obligations.............          -1          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.20   Appropriation (special fund)....           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           1           1
    73.20 Total outlays (gross).............          -1          -1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           1
    86.93 Outlays from discretionary
            balances........................                       1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           1           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           1
    90.00 Outlays...........................           1           1
    ---------------------------------------------------------------------------

        The Secretary of the Treasury is authorized by the Higher Education
    Act of 1965, as amended, to collect from the Student Loan Marketing
    Association, commonly known as Sallie Mae or SLMA 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.

        On December 29, 2004, Treasury officials announced the formal
    separation of Sallie Mae from the Federal Government. This action
    completed the transformation of Sallie Mae to a fully private
    corporation. Program expenses will be phased out over FY 2005.

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-5407-0-2-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           3           3
    ---------------------------------------------------------------------------

    Public enterprise funds:

                           Exchange Stabilization Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4444-0-3-155      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............         464         473         482
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................         464         473         482
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year (Special
            drawing rights).................      24,816      24,816      24,816
    22.00 New budget authority (gross)......         464         473         482
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      25,280      25,289      25,298
    23.95 Total new obligations.............        -464        -473        -482
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........      24,816      24,816      24,816
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...         464         473         482
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..      14,135      14,599      15,072
    73.10 Total new obligations.............         464         473         482
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..      14,599      15,072      15,554
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.20     Interest on Federal securities        -116        -118        -120
    88.40     Interest on foreign
                investments.................        -348        -355        -362
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -464        -473        -482
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................        -464        -473        -482
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...      10,502      10,319      10,713
    92.02 Total investments, end of year:
            Federal securities: Par value...      10,319      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 the
    Secretary considers 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 2005 and 2006 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

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Investments in US securities:

    1102

    Federal assets: Treasury securities, par

    10,502

    10,319

          Non-Federal assets:

    1201

    Foreign Currency Investments

    18,553

    23,568

    1206

    Receivables, net

    102

    1801

    Other Federal assets: Cash and other monetary assets

    12,062

    8,903

    1999

    Total assets

    41,219

    42,790

    [[Page 859]]

        LIABILITIES:
    2207

    Non-Federal liabilities: Other

    9,223

    9,421

    2999

    Total liabilities

    9,223

    9,421

        NET POSITION:
    3100

    Appropriated capital

    200

    200

    3300

    Cumulative results of operations

    31,796

    33,169

    3999

    Total net position

    31,996

    33,369

    4999

    Total liabilities and net position

    41,219

    42,790

    -----------------------------------------------------------------------------------------------

    Intragovernmental funds:

                              Working Capital Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4501-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.10 Working capital fund..............         249         209         245
    09.11 Administrative overhead...........                       8           8
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         249         217         253
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          50          39          67
    22.00 New budget authority (gross)......         215         245         245
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          23
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         288         284         312
    23.95 Total new obligations.............        -249        -217        -253
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          39          67          59
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...         216         245         245
    69.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........         215         245         245
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         121         143          70
    73.10 Total new obligations.............         249         217         253
    73.20 Total outlays (gross).............        -205        -290        -245
    73.45 Recoveries of prior year
            obligations.....................         -23
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         143          70          78
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         157         233         233
    86.98 Outlays from mandatory balances...          48          57          12
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         205         290         245
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -216        -245        -245
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -11          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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................          18          19          21
    12.1  Civilian personnel benefits.......           4           5           6
    21.0  Travel and transportation of
            persons.........................                       1           1
    23.1  Rental payments to GSA............           3           3           3
    23.3  Communications, utilities, and
            miscellaneous charges...........          29          20          15
    25.1  Advisory and assistance services..          25
    25.2  Other services....................          82         159         186
    25.3  Other purchases of goods and
            services from Government
            accounts........................          32           2           2
    25.7  Operation and maintenance of
            equipment.......................          53           1           3
    26.0  Supplies and materials............                       2           2
    31.0  Equipment.........................           3           5          14
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         249         217         253
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-4501-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         200         230         230
    ---------------------------------------------------------------------------

                             Treasury Franchise Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Consolidated/Integrated
            Administrative Management.......         642         644         706
    09.02 Financial Management
            Administrative Support Service..          69          83          85
    09.03 Financial Systems, Consulting and
            Training........................          14          14          24
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         725         741         815
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         202         346         575
    22.00 New budget authority (gross)......         829         945       1,041
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          40          25          25
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,071       1,316       1,641
    23.95 Total new obligations.............        -725        -741        -815
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         346         575         826
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).         530         650         803
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........         299         295         238
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         829         945       1,041
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..        -130        -281        -520
    73.10 Total new obligations.............         725         741         815
    73.20 Total outlays (gross).............        -537        -660        -798
    73.45 Recoveries of prior year
            obligations.....................         -40         -25         -25
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................        -299        -295        -238
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..        -281        -520        -766
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         455         520         573
    86.93 Outlays from discretionary
            balances........................          82         140         225
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         537         660         798
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............        -529        -649        -802
    88.40     Non-Federal sources...........          -1          -1          -1
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -530        -650        -803

    [[Page 860]]

          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................        -299        -295        -238
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           7          10          -5
    ---------------------------------------------------------------------------

        The Department of the Treasury was authorized to pilot a franchise
    fund under P.L. 103-356, the Government Management and Reform Act of
    1994. The purpose of the franchise fund pilots was to bring about lower
    costs and higher quality through greater competition for government and
    financial administrative services. The Treasury Franchise Fund (The
    Fund) was established by P.L. 104-208 and it was made permanent by P.L.
    108-447.

        The Fund is a revolving fund that is used to supply financial and
    administrative services on a fee-for-service basis. Activities include:
    Consolidated/Integrated Administrative Management; Financial Management
    Administrative Support; and Financial Systems, Consulting, and Training
    Services. The Fund was recognized as a Center of Excellence in the
    Financial Management Line of Business in 2005, making it eligible to
    enter into competitions to provide cross-agency financial management
    services on a Government-wide basis. For 2006, service activities are
    expected to have spending authority of $803 million and employ 713
    people.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............          36          35          35
    11.5    Other personnel compensation....           2           3           3
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          38          38          38
    12.1  Civilian personnel benefits.......          10          12          12
    21.0  Travel and transportation of
            persons.........................           2           3           3
    23.1  Rental payments to GSA............           1           3           3
    23.3  Communications, utilities, and
            miscellaneous charges...........           3          12          12
    25.2  Other services....................         657         655         729
    26.0  Supplies and materials............           2           3           3
    31.0  Equipment.........................           9          11          11
    32.0  Land and structures...............           3           4           4
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         725         741         815
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         602         678         713
    ---------------------------------------------------------------------------

    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), [$2,000,000]
    $2,942,000, to remain available until expended. In fiscal year 2006, the
    Air Transportation Stabilization Board may charge fees to a borrower for
    the costs to the ATSB associated with bankruptcy proceedings of the
    borrower. Such fees shall be collected and deposited in the Air
    Transportation Stabilization Program Account, to be available for such
    costs. (Transportation, Treasury, Independent Agencies, and General
    Government Appropriations Act, 2005.)

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    0102  Negative subsidies/subsidy
            reestimates.....................                      42
    0103  Negative subsidies/subsidy
            reestimates.....................         233          41
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.07 Reestimates of guaranteed loan
            subsidy.........................          25         331
    00.08 Interest on reestimates of
            guaranteed loan subsidy.........           1          10
    00.09 Administrative expenses...........           3           2           3
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          29         343           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           3           3
    22.00 New budget authority (gross)......          29         343           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          32         346           6
    23.95 Total new obligations.............         -29        -343          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3           3           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................           3           2           3
          Mandatory:

    60.00   Appropriation...................          26         341
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          29         343           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           3           3           3
    73.10 Total new obligations.............          29         343           3
    73.20 Total outlays (gross).............         -29        -343          -3
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           3           3           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           2           2           3
    86.93 Outlays from discretionary
            balances........................           1
    86.97 Outlays from new mandatory
            authority.......................          26         341
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          29         343           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          29         343           3
    90.00 Outlays...........................          27         343           3
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    215001Airline loan guarantees...........          30
                                               ---------   ---------  ----------
    215901Total loan guarantee levels.......          30
        Guaranteed loan subsidy (in percent):
    232001Airline loan guarantees...........       -8.93        0.00        0.00
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....       -8.93        0.00        0.00
        Guaranteed loan subsidy budget authority:
    233001Airline loan guarantees...........          -3
                                               ---------   ---------  ----------
    233901Total subsidy budget authority....          -3
        Guaranteed loan subsidy outlays:
    234001Airline loan guarantees...........                      -3
                                               ---------   ---------  ----------
    234901Total subsidy outlays.............                      -3
        Guaranteed loan upward reestimate subsidy
                    budget authority:
    235001Airline loan guarantees...........          26         341
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................          26         341
        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001Airline loan guarantees...........        -233         -41
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................        -233         -41
    ----------------------------------------------------------------------------

    [[Page 861]]

        Administrative expense data:
    351001Budget authority..................           3           3           3
    358001Outlays from balances.............           1           1           1
    359001Outlays from new authority........           2           2           2
    ---------------------------------------------------------------------------

        On September 22, 2001, President Bush signed into law the Air
    Transportation Safety and System Stabilization Act, P.L. 107-42. The Act
    established the Air Transportation Stabilization Board.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           1           1           1
    25.2  Other services....................           2           1           2
    41.0  Grants, subsidies, and
            contributions...................          26         341
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          29         343           3
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2004 actual   2005 est.   2006 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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Claim payments....................                     923           8
    00.02 Interest payments to Treasury.....                       2           2
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............                     925          10
    08.01 Payment of negative subsidy to
            receipt account.................                      42
    08.02 Payment of downward reestimates to
            receipt account.................         224          39
    08.04 Payment of interest on downward
            reestimates to receipt account..           9           2
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............         233          83
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         233       1,008          10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         546         387
    22.00 New financing authority (gross)...          75         622         188
    22.40 Capital transfer to general fund..                      -1
    22.60 Portion applied to repay debt.....          -1                    -178
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         620       1,008          10
    23.95 Total new obligations.............        -233      -1,008         -10
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         387
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............         -48         264
    69.00 Offsetting collections (cash).....          25         341
    69.00 Offsetting collections (cash).....          29           4           4
    69.00 Offsetting collections (cash).....                      13         184
    69.00 Offsetting collections (cash).....          69
                                               ---------   ---------  ----------
    69.90   Spending authority from
              offsetting collections (total
              mandatory)....................         123         358         188
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          75         622         188
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         233       1,008          10
    73.20 Total financing disbursements
            (gross).........................        -233      -1,008         -10
    87.00 Total financing disbursements
            (gross).........................         233       1,008          10
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Subsidy from program account..         -25        -341
    88.25     Interest on uninvested funds..         -29          -4          -4
    88.40     Non-Federal sources...........         -69         -13        -184
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -123        -358        -188
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............         -48         264
    90.00 Financing disbursements...........         110         650        -178
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4286-0-3-402      2004 actual   2005 est.   2006 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.........................       8,138       8,108       8,108
    2143  Uncommitted limitation carried
            forward.........................      -8,108      -8,108      -8,108
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................          30
    2199  Guaranteed amount of guaranteed
            loan commitments................
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       1,797       1,703         670
    2231  Disbursements of new guaranteed
            loans...........................          30
    2251  Repayments and prepayments........        -124        -110        -220
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                    -923          -8
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       1,703         670         442
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       1,122
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......                                 923
    2331    Disbursements for guaranteed
              loan claims...................                     923           8
    2351    Repayments of loans receivable..                                -175
    2361    Write-offs of loans receivable..                                -617
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......                     923         139
    ---------------------------------------------------------------------------

        The Board does not anticipate making any new loan guarantees in
    2006.

        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

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101

    Federal assets: Fund balances with Treasury

    562

    562

    1999

    Total assets

    562

    562

        LIABILITIES:
    2204

    Non-Federal liabilities: Liabilities for loan guarantees

    562

    562

    2999

    Total liabilities

    562

    562

    4999

    Total liabilities and net position

    562

    562

    -----------------------------------------------------------------------------------------------

        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, [$55,522,000, to remain available until
    September 30, 2006, of which $4,000,000 shall 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

    [[Page 862]]

    in community development banking and lending in Indian country, Native
    American organizations, tribes and tribal organizations and other
    suitable providers, and up to $14,900,000 may] 7,900,000, to 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] program and for management of the existing portfolio of
    awards to Community Development Financial Institutions and insured
    financial institutions. (Departments of Veterans Affairs and Housing and
    Urban Development, and Independent Agencies Appropriations Act, 2005.)

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    0101  Negative subsidies/subsidy
            reestimates.....................           3
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............           2           2
    00.05 Reestimates of Direct Loan Subsidy           2           1
    00.09 General administrative expenses...          11          15           8
    00.11 Bank enterprise awards program....          17          10
    00.12 Financial Assistance..............          42          22
    00.13 Technical Assistance..............           5           3
    00.14 Native American/Hawaiian Program..           8           4
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          87          57           8
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          27           3           2
    22.00 New budget authority (gross)......          63          56           8
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          90          59          10
    23.95 Total new obligations.............         -87         -57          -8
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3           2           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          63          56           8
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          64          92          64
    73.10 Total new obligations.............          87          57           8
    73.20 Total outlays (gross).............         -59         -85         -63
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          92          64           9
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                       7           1
    86.93 Outlays from discretionary
            balances........................          59          78          62
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          59          85          63
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          63          56           8
    90.00 Outlays...........................          57          85          63
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................           5           5
                                               ---------   ---------  ----------
    115901Total direct loan levels..........           5           5
        Direct loan subsidy (in percent):
    132001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................       34.37       36.52
                                               ---------   ---------  ----------
    132901Weighted average subsidy rate.....       34.37       36.52
        Direct loan subsidy budget authority:
    133001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................           2           2
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....           2           2
        Direct loan subsidy outlays:
    134001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................                       2
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............                       2
        Direct loan upward reestimate subsidy budget
                    authority:
    135001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................           2           1
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................           2           1
        Direct loan downward reestimate subsidy budget
                    authority:
    137001Community Development Financial
            Institutions Program Financial
            Assistance Component- Direct
            Loans...........................          -3          -1
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................          -3          -1
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................
    ---------------------------------------------------------------------------

        The 2006 Budget proposes to consolidate the Community Development
    Financial Institutions (CDFI) program into a new economic and community
    development program to be administered by the Department of Commerce.
    The new program is designed to achieve greater results and focus on
    communities most in need of assistance.

        Treasury's CDFI Fund will continue to be responsible for
    administering the New Markets Credit Program and for managing the
    existing loan portfolio of awards made to CDFIs and insured financial
    institutions.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           5           6           2
    12.1  Civilian personnel benefits.......           1           1
    23.1  Rental payments to GSA............           1           1
    25.2  Other services....................           4           8           6
    41.0  Grants, subsidies, and
            contributions...................          76          41
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          87          57           8
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          50          71          35
    ---------------------------------------------------------------------------

    Community Development Financial Institutions Fund Direct Loan Financing
                                     Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4088-0-3-451      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loans......................           5           5
    00.02 Interest paid to Treasury.........           2
                                               ---------   ---------  ----------
    00.91   Program subtotal................           7           5
    08.02 Payment of a downward reestimate
            to a receipt account............           3           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          10           6
    ----------------------------------------------------------------------------

    [[Page 863]]

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...          12          10           3
    22.60 Portion applied to repay debt.....          -2          -3          -3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          10           7
    23.95 Total new obligations.............         -10          -6
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............           7           4
    69.00 Offsetting collections (cash).....           4           6           3
    69.10 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           1
                                               ---------   ---------  ----------
    69.90   Spending authority from
              offsetting collections (total
              mandatory)....................           5           6           3
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          12          10           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           6           5
    73.10 Total new obligations.............          10           6
    73.20 Total financing disbursements
            (gross).........................          -7          -7          -7
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           6           5          -2
    87.00 Total financing disbursements
            (gross).........................           7           7           7
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -2          -3
    88.40     Non-Federal sources Intrest
                repayments..................          -2          -2          -2
    88.40     Non-Federal sources--Principal                      -1          -1
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -4          -6          -3
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............          -1
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           7           4
    90.00 Financing disbursements...........           4           1           4
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........          11          11
    1142  Unobligated direct loan limitation
            (-).............................          -6          -6
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...           5           5
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          50          56          61
    1231  Disbursements: Direct loan
            disbursements...................           7           7
    1251  Repayments: Repayments and
            prepayments.....................          -1          -1          -1
    1263  Write-offs for default: Direct
            loans...........................                      -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          56          61          60
    ---------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   20-4088-0-3-451

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401

    Direct loans receivable, gross

    50

    56

    1405

    Allowance for subsidy cost (-)

    -18

    -20

    1499

    Net present value of assets related to direct loans

    32

    36

    1999

    Total assets

    32

    36

        LIABILITIES:
    2103

    Federal liabilities: Debt

    32

    36

    2999

    Total liabilities

    32

    36

    4999

    Total liabilities and net position

    32

    36

    -----------------------------------------------------------------------------------------------

                                   Trust Funds

                        [Violent Crime Reduction Program]

                                 [(Rescission)]

        [Of the unobligated balances available under this heading,
    $1,200,000 are rescinded.] (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8526-0-1-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           1
    22.00 New budget authority (gross)......                      -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.36   Unobligated balance permanently
              reduced.......................                      -1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           2
    73.20 Total outlays (gross).............          -2          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................           2           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      -1
    90.00 Outlays...........................           2           2
    ---------------------------------------------------------------------------

        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.

                                  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, [$72,502,000, of which
    $7,500,000 shall be available for BSA Direct;] $73,630,000 of which not
    to exceed [$7,000,000] $6,944,000 shall remain available until September
    30, [2007] 2008; and of which [$8,354,000] $8,521,000 shall remain
    available until September 30, [2006] 2007: Provided, That funds
    appropriated in this account may be used to procure personal services
    contracts[: Provided further, That up to $350,000 of the funds under
    this heading may be available for planning, sponsoring, administering,
    receiving, and such other expenses as the Director deems necessary,
    including reception and representation expenses, to host the 2005 Annual
    Plenary of the Egmont Group]. (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

    [[Page 864]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 BSA administration and Analysis...          48          64          66
    00.02 Regulatory support programs,
            including money services
            businesses......................           8           8           8
    09.01 Reimbursable program..............           3           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          59          74          76
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           9          11          11
    22.00 New budget authority (gross)......          61          74          76
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          71          85          87
    23.95 Total new obligations.............         -59         -74         -76
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          11          11          11
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          58          73          74
    40.35   Appropriation permanently
              reduced.......................                      -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          58          72          74
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...           1           2           2
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           2
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......           3           2           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          61          74          76
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           9          10          13
    73.10 Total new obligations.............          59          74          76
    73.20 Total outlays (gross).............         -56         -71         -76
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -2
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          10          13          13
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          44          56          58
    86.93 Outlays from discretionary
            balances........................          12          15          18
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          56          71          76
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -2
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          58          72          74
    90.00 Outlays...........................          53          69          74
    ---------------------------------------------------------------------------

        FinCEN's mission is to safeguard the financial systems from the
    abuses of financial crime, including terrorist financing, money
    laundering, and other illicit activity. FinCEN achieves this mission by:
    (1) administering the Bank Secrecy Act (BSA); (2) supporting law
    enforcement, intelligence, and regulatory agencies through sharing and
    analysis of financial intelligence; (3) building global cooperation with
    our counterpart financial intelligence units; and (4) networking people,
    ideas, and information.

        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 Office of
    Terrorism and Financial Intelligence under Treasury's Under Secretary
    for Enforcement.

        BSA Administration and 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.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          20          24          27
    11.5      Other personnel compensation..           1           1           1
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          21          25          28
    12.1    Civilian personnel benefits.....           5           6           7
    21.0    Travel and transportation of
              persons.......................           1           1           1
    23.1    Rental payments to GSA..........           2           4           5
    23.3    Communications, utilities, and
              miscellaneous charges.........           1           1           1
    25.2    Other services..................           5          15          11
    25.3    Other purchases of goods and
              services from Government
              accounts......................          10           9          10
    25.4    Operation and maintenance of
              facilities....................           3           2           1
    25.7    Operation and maintenance of
              equipment.....................           6           6           6
    31.0    Equipment.......................           2           3           4
                                               ---------   ---------  ----------
    99.0      Direct obligations............          56          72          74
    99.0  Reimbursable obligations..........           3           2           2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          59          74          76
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         249         309         330
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           1
    ---------------------------------------------------------------------------

    [[Page 865]]

                           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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           7
    73.20 Total outlays (gross).............          -7
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................           7
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           7
    ---------------------------------------------------------------------------

        Beginning in FY 2004, funding for these activities was provided
    directly to the relevant law enforcement entities, by reimbursement from
    the Department of Justice's Interagency Law Enforcement appropriation.
    The Budget proposes to fund these activities beginning in FY 2006 in the
    operating accounts of the receiving agencies. In Treasury, the IRS
    request includes $56 million for Interagency Crime and Drug Enforcement.

                          FINANCIAL MANAGEMENT SERVICE

                                  Federal Funds

    General and special funds:

                              Salaries and Expenses

        For necessary expenses of the Financial Management Service,
    [$230,930,000] $236,243,000, of which not to exceed $9,220,000 shall
    remain available until September 30, [2007] 2008, for information
    systems modernization initiatives; and of which not to exceed $2,500
    shall be available for official reception and representation expenses.
    (Transportation, Treasury, Independent Agencies, and General Government
    Appropriations Act, 2005.)

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Receipts:
    02.20 Debt collection...................          37          45          45
        Appropriations:
    05.00 Salaries and expenses.............         -37         -32         -32
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............                      13          13
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.05 Payments..........................         132         141         146
    00.06 Collections.......................          17          17          17
    00.07 Debt collection...................          62          44          50
    00.08 Government-wide accounting and
            reporting.......................          65          61          63
    09.01 Reimbursable program..............         140         117         127
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         416         380         403
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          41          30          28
    22.00 New budget authority (gross)......         405         378         395
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         447         408         423
    23.95 Total new obligations.............        -416        -380        -403
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          30          28          20
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         229         231         236
    40.35   Appropriation permanently
              reduced.......................          -1          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         228         229         236
          Mandatory:

    60.20   Appropriation (special fund)....          37          32          32
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).         117         117         127
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          23
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         140         117         127
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         405         378         395
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          53          62          74
    73.10 Total new obligations.............         416         380         403
    73.20 Total outlays (gross).............        -400        -368        -394
    73.40 Adjustments in expired accounts
            (net)...........................          -1
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -23
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................          18
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          62          74          83
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         329         313         330
    86.93 Outlays from discretionary
            balances........................          41          23          32
    86.97 Outlays from new mandatory
            authority.......................          30          32          32
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         400         368         394
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -134        -117        -127
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -23
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............          17
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         265         261         268
    90.00 Outlays...........................         266         251         267

        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.

                               WORKLOAD STATISTICS

                                   (Thousands)

                                         2004 actual  2005 est.   2006 est.
    1. Number of check claims submitted.       1,438       1,300       1,300
    2. Number of check payments.........     234,967     228,960     211,186
    3. Number of electronic payments....     705,966     725,040     748,749

        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. The Collections activity received an ``effective'' rating on a
    recent evaluation using OMB's Program Assessment Rating Tool (PART).

    [[Page 866]]

        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. Last year, the Debt Collection
    activity received an ``effective'' rating on an evaluation using OMB's
    Program Assessment Rating Tool (PART).

        For the 2005 Budget, the Administration sought legislative authority
    for following debt collection initiatives: 1) Allow Treasury to match
    information about persons who owe delinquent debt to the Government with
    information contained in the HHS National Directory of New Hires; 2)
    Increase amounts levied from vendor payments (from 15 percent to 100
    percent) to collect outstanding debts; 3) Allow the offset of Federal
    tax refunds to collect delinquent State UI overpayments; and 4)
    Eliminate the 10-year limitations period applicable to the offset of
    Federal non-tax payments to collect debt owed to Federal agencies.
    Initiatives 1 and 2 were enacted by the 2005 Omnibus Appropriations Act
    (P.L. 108-447) and the Jumpstart Our Business Strength Act (P.L. 108-
    357), respectively. Initiatives 3 and 4 are re-proposed in this year's
    Budget.

        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.

        This appropriation includes an additional $519,000 for the Office of
    Management and Budget's (OMB) annual payment to the Financial Accounting
    Standards Advisory Board (FASAB). Both OMB and Treasury share operating
    costs ($519,000 and $429,000, respectively) and responsibilities for
    improving government accounting standards as the two Executive Branch
    sponsors of FASAB. Under this new approach, the Financial Management
    Service (FMS) will forward a payment of $938,000 to the FASAB. This
    single payment will streamline the payment and budget process by
    consolidating the Executive Branch's contribution to FASAB. OMB's
    appropriation request has been reduced by $519,000.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         133         128         129
    11.3      Other than full-time permanent           2           3           3
    11.5      Other personnel compensation..           2           3           3
                                               ---------   ---------  ----------
    11.9        Total personnel compensation         137         134         135
    12.1    Civilian personnel benefits.....          32          28          28
    13.0    Benefits for former personnel...           6
    21.0    Travel and transportation of
              persons.......................           2           3           3
    23.1    Rental payments to GSA..........          17          17          17
    23.3    Communications, utilities, and
              miscellaneous charges.........          14          14          14
    25.1    Advisory and assistance services           8           5           7
    25.2    Other services..................          22          26          28
    25.3    Other purchases of goods and
              services from Government
              accounts......................           8           5           8
    25.4    Operation and maintenance of
              facilities....................           1           1           1
    25.7    Operation and maintenance of
              equipment.....................          15          10          15
    26.0    Supplies and materials..........           4           4           4
    31.0    Equipment.......................          11          16          16
    32.0    Land and structures.............           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............         278         263         276
    99.0  Reimbursable obligations..........         137         116         126
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         416         380         403
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       1,924       2,044       2,044
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          82          90          94
    ---------------------------------------------------------------------------

                    Payment to Justice, FIRREA Related Claims

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0177-0-1-752      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           2           2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           2           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest on REFCORP obligations...       2,187       2,187       2,187
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................       2,187       2,187       2,187
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       2,187       2,187       2,187
    23.95 Total new obligations.............      -2,187      -2,187      -2,187
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       2,187       2,187       2,187
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       2,187       2,187       2,187
    73.20 Total outlays (gross).............      -2,187      -2,187      -2,187
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       2,187       2,187       2,187
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       2,187       2,187       2,187
    90.00 Outlays...........................       2,187       2,187       2,187
    ---------------------------------------------------------------------------

        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

    [[Page 867]]

    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      2004 actual   2005 est.   2006 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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Federal Reserve Bank services.....         196         200         220
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................         196         200         220
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3
    22.00 New budget authority (gross)......         190         200         220
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         195         200         220
    23.95 Total new obligations.............        -196        -200        -220
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         190         200         220
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          40          49          49
    73.10 Total new obligations.............         196         200         220
    73.20 Total outlays (gross).............        -185        -200        -220
    73.45 Recoveries of prior year
            obligations.....................          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          49          49          49
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         145         150         170
    86.98 Outlays from mandatory balances...          40          50          50
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         185         200         220
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         190         200         220
    90.00 Outlays...........................         185         200         220
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Financial agent services..........         242         349         312
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.1)...................         242         349         312
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                      16
    22.00 New budget authority (gross)......         258         333         312
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         258         349         312
    23.95 Total new obligations.............        -242        -349        -312
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          16
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         258         333         312
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                      37          35
    73.10 Total new obligations.............         242         349         312
    73.20 Total outlays (gross).............        -205        -351        -312
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          37          35          35
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         205         333         277
    86.98 Outlays from mandatory balances...                      18          35
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         205         351         312
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         258         333         312
    90.00 Outlays...........................         205         351         312
    ---------------------------------------------------------------------------

        This permanent and indefinite appropriation was established 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,'' and permanently
    appropriated by P.L. 108-199, the ``Consolidated Appropriations Act of
    2004.''

    [[Page 868]]

                     Temporary State Fiscal Assistance Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1803-0-1-806      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Temporary State fiscal assistance.       5,000
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................       5,000
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       5,000
    23.95 Total new obligations.............      -5,000
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       5,000
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       5,000
    73.20 Total outlays (gross).............      -5,000
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       5,000
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       5,000
    90.00 Outlays...........................       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 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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest of uninvested funds......           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..          20          20          20
    73.10 Total new obligations.............           7           5           5
    73.20 Total outlays (gross).............          -8          -5          -5
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          20          20          20
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           8           5           5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           8           5           5
    90.00 Outlays...........................           8           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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Federal interest liabilities to
            States..........................           1           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................           1           1           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           1           1           1
    23.95 Total new obligations.............          -1          -1          -1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           1           1           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           1           1           1
    73.20 Total outlays (gross).............          -1          -1          -1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           1           1           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           1           1           1
    90.00 Outlays...........................           1           1           1
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest paid to credit financing
            accounts........................       3,715       4,085       4,392
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................       3,715       4,085       4,392
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       3,715       4,085       4,392
    23.95 Total new obligations.............      -3,715      -4,085      -4,392
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       3,712       4,085       4,392
    69.00 Offsetting collections (cash).....           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       3,715       4,085       4,392
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          79          11
    73.10 Total new obligations.............       3,715       4,085       4,392
    73.20 Total outlays (gross).............      -3,783      -4,096      -4,392
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          11
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       3,704       4,085       4,392
    86.98 Outlays from mandatory balances...          79          11
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       3,783       4,096       4,392
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       3,712       4,085       4,392

    [[Page 869]]

    90.00 Outlays...........................       3,780       4,096       4,392
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Claims adjudicated administratively:

    00.01   Claims for damages..............           6           5           6
    00.03   Claims for contract disputes....         125         120         126
                                               ---------   ---------  ----------
    00.91   Total claims adjudicated
              administratively..............         131         125         132
          Court judgments:

    01.01   Judgments, Court of Claims......         264         200         212
    01.02   Judgments, U.S. courts..........         477         455         476
                                               ---------   ---------  ----------
    01.91     Total court judgments.........         741         655         688
    09.01 Reimbursable program..............           6
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         878         780         820
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         877         732         820
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1          48
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         878         780         820
    23.95 Total new obligations.............        -878        -780        -820
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         871         732         820
    69.00 Offsetting collections (cash).....           6
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         877         732         820
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          48         117          69
    73.10 Total new obligations.............         878         780         820
    73.20 Total outlays (gross).............        -808        -780        -820
    73.45 Recoveries of prior year
            obligations.....................          -1         -48
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         117          69          69
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         808         732         820
    86.98 Outlays from mandatory balances...                      48
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         808         780         820
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         871         732         820
    90.00 Outlays...........................         802         780         820
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    42.0  Direct obligations: Insurance
            claims and indemnities..........         872         780         820
    99.0  Reimbursable obligations:
            Reimbursable obligations........           6
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         878         780         820
    ---------------------------------------------------------------------------

                       Payment of Anti-Terrorism Judgments

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1811-0-1-808      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           1           1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1           1           1
    ----------------------------------------------------------------------------

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

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Restitution of foregone interest..                     142
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................                     142
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                     142
    23.95 Total new obligations.............                    -142
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                     142
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                     142
    73.20 Total outlays (gross).............                    -142
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                     142
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                     142
    90.00 Outlays...........................                     142
    ---------------------------------------------------------------------------

        This account provides funds for 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 2005. The statutes permit this action when 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 approximately $1 million and the G-Fund within the Thrift Savings
    Fund for $141 million.

    [[Page 870]]

                           Biomass Energy Development

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0114-0-1-271      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          20          25           1
    22.00 New budget authority (gross)......           5
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          25          25           1
    23.98 Unobligated balance expiring or
            withdrawn.......................                     -24
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          25           1           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).           5           5           5
    68.27     Capital transfer to general
                fund........................                      -5          -5
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....           5
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           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)......................          -5          -5          -5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      -5          -5
    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

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5816-0-2-151      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.00 Confiscated and vested Iraqi
            property and assets.............          18
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          18
        Appropriations:
    05.00 Confiscated and vested Iraqi
            property and assets.............         -18
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5816-0-2-151      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          18
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................          18
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          64
    22.00 New budget authority (gross)......          18
    22.21 Unobligated balance transferred to
            other accounts..................         -64
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          18
    23.95 Total new obligations.............         -18
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....          18
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          18
    73.20 Total outlays (gross).............         -18
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          18
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          18
    90.00 Outlays...........................          18
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............         293         293
        Receipts:
    02.60 Antidumping and Countervailing
            duties,.........................         303       1,608       1,615
    02.61 Legislative proposal..............                  -1,608      -1,615
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..         303
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         596         293
        Appropriations:
    05.00 Continued dumping and subsidy
            offset..........................        -303      -1,608      -1,615
    05.01 Continued dumping and subsidy
            offset..........................                               1,608
    05.10 Portion precluded.................         214       1,608       1,615
    05.20 Appropriations (unavailable
            balances).......................        -214        -293      -1,608
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -303        -293
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............         293
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5688-0-2-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Continued dumping and subsidy
            offset..........................         214         293       1,608
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         214         293       1,608
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         287         376         376
    22.00 New budget authority (gross)......         303         293       1,608
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         590         669       1,984
    23.95 Total new obligations.............        -214        -293      -1,608
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         376         376         376
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         303       1,608       1,615
    60.28   Appropriation (previously
              unavailable)..................         214         293       1,608
    60.45   Portion precluded from
              obligation....................        -214      -1,608      -1,615
                                               ---------   ---------  ----------
    62.50     Appropriation (total
                mandatory)..................         303         293       1,608
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         214         293       1,608

    [[Page 871]]

    73.20 Total outlays (gross).............        -214        -293      -1,608
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         214         293       1,608
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         303         293       1,608
    90.00 Outlays...........................         214         293       1,608
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................         303         293       1,608
      Outlays...........................         214         293       1,608
    Legislative proposal, subject to
        PAYGO:
      Budget Authority..................                    -376      -1,608
      Outlays...........................                              -1,608
                                        ------------------------------------
    Total:
      Budget Authority..................         303         -83
      Outlays...........................         214         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, subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5688-4-2-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Continued dumping and subsidy
            offset..........................                              -1,608
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                              -1,608
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                                -376
    22.00 New budget authority (gross)......                    -376      -1,608
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                    -376      -1,984
    23.95 Total new obligations.............                               1,608
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........                    -376        -376
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                              -1,608
    60.36   Unobligated balance permanently
              reduced.......................                    -376
                                               ---------   ---------  ----------
    62.50     Appropriation (total
                mandatory)..................                    -376      -1,608
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                              -1,608
    73.20 Total outlays (gross).............                               1,608
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                              -1,608
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                    -376      -1,608
    90.00 Outlays...........................                              -1,608
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............          21          20          20
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................          21          20          20
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           8           7           2
    22.00 New budget authority (gross)......          20          15          18
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          28          22          20
    23.95 Total new obligations.............         -21         -20         -20
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           7           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                   3
    69.00 Offsetting collections (cash).....          20          15          15
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          20          15          18
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1
    73.10 Total new obligations.............          21          20          20
    73.20 Total outlays (gross).............         -22         -20         -20
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          14          15          18
    86.98 Outlays from mandatory balances...           8           5           2
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          22          20          20
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....         -20         -15         -15
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                   3
    90.00 Outlays...........................           1           5           5
    ---------------------------------------------------------------------------

        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.

        P.L. 108-447 expanded the use of the fund to include payments made
    via electronic funds transfer (EFT).

                                   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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............          26          31          37
        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
                                               ---------   ---------  ----------

    [[Page 872]]

    02.99   Total receipts and collections..           5           6           6
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          31          37          43
        Appropriations:
    05.00 Cheyenne River Sioux Tribe
            terrestrial wildlife habitat
            restorat........................          -5          -5          -5
    05.01 Cheyenne River Sioux Tribe
            terrestrial wildlife habitat
            restorat........................           5           5           5
                                               ---------   ---------  ----------
    05.99   Total appropriations............
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............          31          37          43
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8209-0-7-306      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.26   Appropriation (trust fund)......           5           5           5
    60.45   Portion precluded from balances.          -5          -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...          27          32          33
    92.02 Total investments, end of year:
            Federal securities: Par value...          32          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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Administrative expenses...........           3           4           4
    09.02 Interest on borrowings from
            Treasury........................       1,152         515         429
    09.03 Interest on borrowings from civil
            service retirement and
            disability fund.................                     405         651
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,155         924       1,084
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         467         450       1,427
    22.00 New budget authority (gross)......       1,606       1,901       1,920
    22.60 Portion applied to repay debt.....        -467
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,606       2,351       3,347
    23.95 Total new obligations.............      -1,155        -924      -1,084
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         450       1,427       2,263
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...       2,202       1,950       1,920
    69.47   Portion applied to repay debt...        -596         -49
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........       1,606       1,901       1,920
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4
    73.10 Total new obligations.............       1,155         924       1,084
    73.20 Total outlays (gross).............      -1,159        -924      -1,084
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       1,155         924       1,084
    86.98 Outlays from mandatory balances...           4
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,159         924       1,084
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........      -2,202      -1,950      -1,920
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -596         -49
    90.00 Outlays...........................      -1,043      -1,026        -836
    ---------------------------------------------------------------------------

        The Federal Financing Bank (FFB) was created in 1973 to reduce the
    costs of certain 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 activities 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 other
    sources. Any such borrowing is exempt from the statutory ceiling on
    Federal debt. 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 bor

    [[Page 873]]

    rowing from Treasury. Again, in March 2003, the FFB issued $15 billion
    in debt to the CSRDF. The debt was redeemed in June 2003.

        In November 2004, in order to prolong Treasury's ability to operate
    under the $7.4 trillion debt ceiling, the FFB issued $14 billion of its
    own debt securities to the CSRDF in exchange for $14 billion in special
    issue Treasury securities held by CSRDF. The FFB simultaneously redeemed
    these special issue Treasury securities with Treasury. This transaction
    simultaneously extinguished $14 billion in securities that Treasury had
    issued to Government accounts (the CSRDF) and an equivalent amount of
    the FFB's own debt to Treasury. The FFB debt held by the CSRDF will be
    redeemed beginning in 2009.

        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)

                                         2004 actual  2005 est.   2006 est.
    A. Department of Agriculture:
      1. Rural housing loans:
        Lending, net....................      -1,150        -680          --
        Loans outstanding...............         680          --          --
      2. Rural development loans:
        Lending, net....................        -605        -200          --
        Loans outstanding...............         200          --          --
      3. Rural Utilities Service:
        Lending, net....................       1,343         994         627
        Loans outstanding...............      21,231      22,225      22,852
    B. Department of Defense:
      1. Defense working capital funds:
        Lending, net....................        -109        -123        -111
        Loans outstanding...............         499         376         265
    C. Department of Education:
      1. Historically black colleges and
        universities:
        Lending, net....................          39          28          42
        Loans outstanding...............         118         146         188
    D. Department of Housing and Urban
        Development:
      1. Section 108 guaranteed loans:
        Lending, net....................          -2           *          --
        Loans outstanding...............           *          --          --
      2. Low-rent public housing:
        Lending, net....................         -78         -83         -88
        Loans outstanding...............       1,055         972         884
    E. Department of the Interior:
      1. Territory of the Virgin
        Islands:
        Lending, net....................          -2          -2          -2
        Loans outstanding...............           8           6           4
    F. Department of Transportation:
      1. Railroad Revitalization and
        Regulatory Reform Act:
        Lending, net....................           *          -1          -1
        Loans outstanding...............           3           2           1
    G. Department of Veterans Affairs:
      1. Native American and
        transitional housing:
        Lending, net....................          --          21           3
        Loans outstanding...............          --          21          24
    H. General Services Administration:
      1. Federal buildings fund:
        Lending, net....................          -6          38         -28
        Loans outstanding...............       2,141       2,179       2,151
    I. International Assistance
        Programs:
      1. Foreign military sales credit:
        Lending, net....................        -223        -220        -221
        Loans outstanding...............       1,465       1,245       1,024
    J. Small Business Administration:
      1. Section 503 guaranteed loans:
        Lending, net....................         -21         -17         -13
        Loans outstanding...............          57          40          27
    K. Postal Service:
      Lending, net......................      -5,473        -800       3,900
      Loans outstanding.................       1,800       1,000       4,900
                                        ====================================
    Total lending:
      Lending, net......................      -6,288      -1,045       4,108
      Loans outstanding.................      29,256      28,211      32,319
                                        ====================================
        * $500,00 or less.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   20-4521-0-4-803

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    709

    450

            Investments in US securities:
    1104

    Agency securities, par

    35,047

    28,712

    1106

    Receivables, net

    394

    249

    1999

    Total assets

    36,150

    29,411

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    86

    89

    2103

    Borrowing from Treasury

    36,682

    29,323

    2999

    Total liabilities

    36,768

    29,412

        NET POSITION:
    3300

    Cumulative results of operations

    -618

    -1

    3999

    Total net position

    -618

    -1

    4999

    Total liabilities and net position

    36,150

    29,411

    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4521-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................           3           4           4
    43.0  Interest and dividends............       1,152         920       1,080
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,155         924       1,084
    ---------------------------------------------------------------------------

                    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,
    [$83,000,000] $62,486,000; 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. (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.21 Legislative proposal, subject to
            PAYGO (proprietary).............                                  29
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...                                  29
        Appropriations:
    05.01 Legislative proposal, not subject
            to PAYGO........................                                 -29
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Protect the Public................          20          37          12
    00.02 Collect revenue...................          59          45          50
                                               ---------   ---------  ----------
    01.92   Total direct program............          79          82          62
    09.01 Reimbursable program..............           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          81          84          64
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          82          84          64
    23.95 Total new obligations.............         -81         -84         -64
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          80          83          62

    [[Page 874]]

    40.35   Appropriation permanently
              reduced.......................                      -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          80          82          62
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           2           2           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          82          84          64
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          13          24          26
    73.10 Total new obligations.............          81          84          64
    73.20 Total outlays (gross).............         -71         -82         -70
    73.40 Adjustments in expired accounts
            (net)...........................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          24          26          20
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          61          61          47
    86.93 Outlays from discretionary
            balances........................          10          21          23
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          71          82          70
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Other Federal sources...          -2          -2          -2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          80          82          62
    90.00 Outlays...........................          69          80          68
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................          80          82          62
      Outlays...........................          69          80          68
    Legislative proposal, not subject to
        PAYGO:
      Budget Authority..................                                  29
      Outlays...........................                                  21
                                        ------------------------------------
    Total:
      Budget Authority..................          80          82          91
      Outlays...........................          69          80          89
                                        ====================================

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          31          36          27
    11.5      Other personnel compensation..           1           1
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          32          37          27
    12.1    Civilian personnel benefits.....           8          10           7
    21.0    Travel and transportation of
              persons.......................           3           4           3
    23.1    Rental payments to GSA..........           4           5           4
    23.3    Communications, utilities, and
              miscellaneous charges.........           1           4           3
    25.2    Other services..................          26          20          16
    26.0    Supplies and materials..........           1           1
    31.0    Equipment.......................           4           1           2
                                               ---------   ---------  ----------
    99.0      Direct obligations............          79          82          62
    99.0  Reimbursable obligations..........           2           2           2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          81          84          64
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         492         544         376
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          13          15          15
    ---------------------------------------------------------------------------

                              Salaries and Expenses

                  (Legislative proposal, not subject to PAYGO)

        In addition, $28,640,000 from the General Fund: Provided, That such
    amount shall be reduced by such sums as may be deposited to the Alcohol
    and Tobacco Regulatory Fund, so as to result in a final fiscal year 2006
    appropiation from the General Fund under this paragraph estimated at $0:
    Provided further, That amounts from the Alcohol and Tobacco Regulatory
    Fund may be transferred to this account, to be merged with and available
    for the same purposes as this account, to remain available until
    expended.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-2-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Protect the Public................                                  29
                                               ---------   ---------  ----------
    01.92   Total direct program............                                  29
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                                  29
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  29
    23.95 Total new obligations.............                                 -29
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.20   Appropriation (special fund)....                                  29
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..
    73.10 Total new obligations.............                                  29
    73.20 Total outlays (gross).............                                 -21
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..                                   8
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                                  21
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  29
    90.00 Outlays...........................                                  21
    ---------------------------------------------------------------------------

        Legislation will be proposed to allow the Alcohol and Tobacco Tax
    and Trade Bureau (TTB) to collect fees to recover costs of its
    regulatory functions under its ``Protect the Public'' line-of-business.
    The agency will be able to use the fees to the extent provided in
    appropriations acts.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-2-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................                                  12
    12.1    Civilian personnel benefits.....                                   3
    21.0    Travel and transportation of
              persons.......................                                   1

    [[Page 875]]

    23.1    Rental payments to GSA..........                                   2
    23.3    Communications, utilities, and
              miscellaneous charges.........                                   1
    25.2    Other services..................                                   7
    31.0    Equipment.......................                                   1
                                               ---------   ---------  ----------
    99.0      Direct obligations............                                  27
    99.5  Below reporting threshold.........                                   2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                                  29
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-1008-2-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................                                 168
    ---------------------------------------------------------------------------

                  Internal Revenue Collections for Puerto Rico

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5737-0-2-806      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.00 Deposits, Internal revenue
            collections for Puerto Rico.....         336         404         303
    02.01 Legislative proposal subject to
            PAYGO...........................                                  56
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..         336         404         359
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         336         404         359
        Appropriations:
    05.00 Internal revenue collections for
            Puerto Rico.....................        -336        -404        -303
    05.01 Legislative proposal subject to
            PAYGO...........................                                 -56
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -336        -404        -359
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5737-0-2-806      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Internal revenue collections for
            Puerto Rico.....................         336         404         303
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         336         404         303
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         336         404         303
    23.95 Total new obligations.............        -336        -404        -303
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         336         404         303
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         336         404         303
    73.20 Total outlays (gross).............        -336        -404        -303
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         336         404         303
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         336         404         303
    90.00 Outlays...........................         336         404         303
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................         336         404         303
      Outlays...........................         336         404         303
    Legislative proposal, subject to
        PAYGO:
      Budget Authority..................                                  56
      Outlays...........................                                  56
                                        ------------------------------------
    Total:
      Budget Authority..................         336         404         359
      Outlays...........................         336         404         359
                                        ====================================

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Internal revenue collections for
            Puerto Rico.....................                                  56
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                  56
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  56
    23.95 Total new obligations.............                                 -56
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                                  56
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  56
    73.20 Total outlays (gross).............                                 -56
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  56
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  56
    90.00 Outlays...........................                                  56
    ---------------------------------------------------------------------------

        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 proof gallon. A temporary cover-over rate of $13.25 a
    proof gallon would expire on December 31, 2005. The Budget proposes to
    extend the temporary cover-over rate through December 31, 2006.

                        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Currency program..................         479         447         514
    09.02 Postage program...................          19          17
    09.03 Other programs....................           6           6           6
    09.11 Purchase of operating equipment...          32          58          53
    09.12 Plant alterations and experimental
            equipment.......................           4           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         540         530         575
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         111          95          95
    22.00 New budget authority (gross)......         524         530         575
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         635         625         670
    23.95 Total new obligations.............        -540        -530        -575
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          95          95          95
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............         524         530         575
    ----------------------------------------------------------------------------

    [[Page 876]]

        Change in obligated balances:
    72.40 Obligated balance, start of year..          64          74          74
    73.10 Total new obligations.............         540         530         575
    73.20 Total outlays (gross).............        -530        -530        -575
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          74          74          74
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         530         530         575
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Fed Source..........        -524        -530        -575
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           7
    ---------------------------------------------------------------------------

        The Bureau of Engraving and Printing designs, manufactures, and
    supplies Federal Reserve notes, some postage stamps and other security
    instruments for various Federal agencies. Beginning in 2005, the BEP was
    given legal authority to print currency for foreign countries upon
    approval of the State Department.

        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 2005 and 2006 are
        estimated to be 8.6 and 10.0 billion respectively. During 2004, the
        Bureau delivered 8.8 billion Federal Reserve notes.
            Stamps.--This category of work is comprised of postal and
        internal revenue stamps. The projected requirements for 2005 are
        estimated to be 5.0 billion stamps. Per prior agreement, 2005 marks
        the final year of stamp production at the Bureau. In 2004, the
        Bureau delivered 6.1 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 2004 resulted in a decrease to retained
    earnings of $29 million.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   20-4502-0-4-803

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Non-Federal assets:

    1206

    Receivables, net

    45

    45

    1207

    Advances and prepayments

    4

    3

          Other Federal assets:

    1801

    Cash and other monetary assets

    176

    169

    1802

    Inventories and related properties

    95

    103

    1803

    Property, plant and equipment, net

    284

    261

    1901

    Other assets--Machinery repair parts

    15

    17

    1999

    Total assets

    619

    598

        LIABILITIES:
    2101

    Federal liabilities: Accounts payable

    22

    31

          Non-Federal liabilities:

    2201

    Accounts payable

    29

    20

    2206

    Pension and other actuarial liabilities

    61

    68

    2999

    Total liabilities

    112

    119

        NET POSITION:
    3100

    Appropriated capital

    32

    32

    3300

    Cumulative results of operations

    475

    447

    3999

    Total net position

    507

    479

    4999

    Total liabilities and net position

    619

    598

    -----------------------------------------------------------------------------------------------
        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............         181         172         177
    11.3    Other than full-time permanent..           1           1           1
    11.5    Other personnel compensation....          12          12          12
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         194         185         190
    12.1  Civilian personnel benefits.......          42          41          43
    21.0  Travel and transportation of
            persons.........................           1           1           1
    23.1  Rental payments to GSA............           3           3           3
    23.3  Communications, utilities, and
            miscellaneous charges...........          16          15          15
    24.0  Printing and reproduction.........           6           1           1
    25.2  Other services....................          72          71          75
    26.0  Supplies and materials............         170         153         192
    31.0  Equipment.........................          36          60          55
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         540         530         575
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-4502-0-4-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       2,331       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 [2005] 2006
    under such section 5136 for circulating coinage and protective service
    capital investments of the United States Mint shall not exceed
    [$24,000,000] $36,900,000. (Transportation, Treasury, Independent
    Agencies, and General Government Appropriations Act, 2005.)

    [[Page 877]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.06 Total Operating...................         948       1,226       1,214
    09.07 Circulating and Protection Capital          17          21          20
    09.08 Numismatic Capital................           3           8           7
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         968       1,255       1,241
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          38          55          55
    22.00 New budget authority (gross)......         989       1,255       1,241
    22.40 Capital transfer to general fund..          -4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,023       1,310       1,296
    23.95 Total new obligations.............        -968      -1,255      -1,241
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          55          55          55
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).         988       1,255       1,241
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........           1
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         989       1,255       1,241
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         255         267         267
    73.10 Total new obligations.............         968       1,255       1,241
    73.20 Total outlays (Gross).............        -955      -1,255      -1,241
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         267         267         267
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          79       1,255       1,241
    86.93 Outlays from discretionary
            balances........................         876
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         955       1,255       1,241
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -6
    88.40     Non-Federal sources...........        -982      -1,255      -1,241
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -988      -1,255      -1,241
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -33
    ---------------------------------------------------------------------------

        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 2004, the Mint transferred $665 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 2006, this activity will manufacture 12.7 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 coins and
    medals which are legislated to commemorate specific events or
    individuals. In 2006, 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 2006, the
    Mint will manufacture 2.9 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.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   20-4159-0-3-803

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    293

    323

            Investments in US securities:
    1106

    Receivables, net

    10

    11

    1107

    Advances and prepayments

    19

    7

          Other Federal assets:

    1802

    Inventories and related properties

    311

    294

    1803

    Property, plant and equipment, net

    300

    296

    1901

    Other assets

    5

    5

    1999

    Total assets

    938

    936

        LIABILITIES:
    2101

    Federal liabilities: Accounts payable

    163

    176

          Non-Federal liabilities:

    2201

    Accounts payable

    38

    30

    2207

    Other

    64

    72

    2999

    Total liabilities

    265

    278

        NET POSITION:
    3300

    Cumulative results of operations

    673

    658

    3999

    Total net position

    673

    658

    4999

    Total liabilities and net position

    938

    936

    -----------------------------------------------------------------------------------------------

    [[Page 878]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............         119         127         129
    11.3    Other than full-time permanent..           1           1           1
    11.5    Other personnel compensation....          13           5           5
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         133         133         135
    12.1  Civilian personnel benefits.......          40          40          41
    21.0  Travel and transportation of
            persons.........................           3           3           3
    22.0  Transportation of things..........          30          22          23
    23.1  Rental payments to GSA............           1
    23.2  Rental payments to others.........          17          18          19
    23.3  Communications, utilities, and
            miscellanoues charges...........          11          12          11
    24.0  Printing and reproduction.........           2           2           2
    25.2  Other services....................          77         107          85
    26.0  Supplies and materials............         634         889         895
    31.0  Equipment.........................          17          24          26
    32.0  Land and structures...............           3           5           1
                                               ---------   ---------  ----------
    99.0      Reimbursable obligations......         968       1,255       1,241
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         968       1,255       1,241
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       2,115       2,108       2,024
    ---------------------------------------------------------------------------

                            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, [$179,566,000] $179,923,000, 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 [2005] 2006
    shall be reduced by not more than [$4,400,000] $3,000,000 as definitive
    security issue fees and Treasury Direct Investor Account Maintenance
    fees are collected, so as to result in a final fiscal year [2005] 2006
    appropriation from the general fund estimated at [$175,166,000]
    $176,923,000. In addition, [$60,000] $70,000 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. (Transportation,
    Treasury, Independent Agencies, and General Government Appropriations
    Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0560-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Wholesale Securities Services.....          12          12          12
    00.02 Government Agency Investment
            Services........................          13          13          14
    00.03 Retail Securities Services........         142         143         145
    00.04 Summary Debt Accounting...........           6           6           6
    00.05 Reimbursements to Federal Reserve
            Banks...........................         139         131         124
    09.02 Government Agency Investment
            Services........................           3           3           3
    09.03 Retail Securities Services........           6           8           8
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         321         316         312
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          11           5           6
    22.00 New budget authority (gross)......         314         317         314
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         329         322         320
    23.95 Total new obligations.............        -321        -316        -312
    23.98 Unobligated balance expiring or
            withdrawn.......................          -2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           5           6           8
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         175         175         177
    40.35   Appropriation permanently
              reduced.......................          -1          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         174         174         177
          Mandatory:

    60.00   Appropriation...................         131         131         126
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).           6           8           8
    68.00     Offsetting collections (user
                fees).......................           3           4           3
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....           9          12          11
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         314         317         314
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          86          99         100
    73.10 Total new obligations.............         321         316         312
    73.20 Total outlays (gross).............        -311        -315        -316
    73.40 Adjustments in expired accounts
            (net)...........................           7
    73.45 Recoveries of prior year
            obligations.....................          -4
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          99         100          96
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         164         165         167
    86.93 Outlays from discretionary
            balances........................          16          19          21
    86.97 Outlays from new mandatory
            authority.......................         131          98          95
    86.98 Outlays from mandatory balances...                      33          33
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         311         315         316
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -6          -8          -8
    88.40     Non-Federal sources...........          -3          -4          -3
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -9         -12         -11
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         305         305         303
    90.00 Outlays...........................         303         303         305
    ---------------------------------------------------------------------------

        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.

        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.

        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

    [[Page 879]]

    Banks as fiscal agents of the United States, and by qualified agents
    that issue and redeem savings bonds and notes.

        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.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0560-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          68          70          72
    11.5      Other personnel compensation..           3           4           4
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          71          74          76
    12.1    Civilian personnel benefits.....          18          19          19
    13.0    Benefits for former personnel...           2
    21.0    Travel and transportation of
              persons.......................           1           1           1
    23.1    Rental payments to GSA..........           5           4           4
    23.3    Communications, utilities, and
              miscellaneous charges.........          17          18          18
    24.0    Printing and reproduction.......           1           2           2
    25.2    Other services..................          24          27          28
    25.3    Other purchases of goods and
              services from Government
              accounts......................         159         147         141
    25.7    Operation and maintenance of
              equipment.....................           4           2           2
    26.0    Supplies and materials..........           3           3           3
    31.0    Equipment.......................           7           7           7
                                               ---------   ---------  ----------
    99.0      Direct obligations............         312         304         301
    99.0  Reimbursable obligations..........           9          11          11
    99.5  Below reporting threshold.........                       1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         321         316         312
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0560-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       1,251       1,301       1,289
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           5          17          17
    ---------------------------------------------------------------------------

                Restoration of Lost Interest Medicare Trust Funds

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0504-0-1-901      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Restoration of lost interest......         123
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 44.0)...................         123
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         123
    23.95 Total new obligations.............        -123
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         123
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         123
    73.20 Total outlays (gross).............        -123
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         123
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         123
    90.00 Outlays...........................         123
    ---------------------------------------------------------------------------

        The Medicare Prescription Drug, Improvement, and Modernization Act
    of 2003 (Public Law 108-173) provides authority for, and appropriates
    funds to, the Secretary of Treasury to restore interest lost to the
    Medicare trust funds as a result of clerical error.

                    Payment of Government Losses in Shipment

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1710-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Government losses in shipment.....                       3
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................                       3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                       3
    23.95 Total new obligations.............                      -3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                       3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                       3
    73.20 Total outlays (gross).............                      -3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                       3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                       3
    90.00 Outlays...........................                       3
    ---------------------------------------------------------------------------

        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 400 claims are paid
    annually.

                            INTERNAL REVENUE SERVICE

        In July 2004, the Internal Revenue Service (IRS) released an update
    to its five-year Strategic Plan. It underscores the IRS' commitment to
    provide excellent service to taxpayers and enforce America's tax laws in
    a balanced manner. The vision of the future is: delivering services that
    meet customer needs; creating citizen understanding of their
    responsibilities to pay taxes honestly; enforcing tax laws fairly and
    consistently, while respecting taxpayer rights; and explaining to
    Americans that the IRS provides a valuable service and is a desirable
    place to work. The IRS strategic goals are: Improve Taxpayer Service--
    help people understand their tax obligations and make it easier for them
    to participate in the tax system; Enhance Enforcement of the Tax Law--
    Ensure all taxpayers meet their tax obligations, so that when Americans
    pay their taxes, they can be confident their neighbors and competitors
    are also doing the same; and Modernize the IRS through its People,
    Processes and Technology--Strategically manage resources, associated
    business processes and technology systems to effectively and efficiently
    meet service and enforcement strategic goals.

        The IRS administers America's tax laws and collects the revenues
    that fund most government operations and public services. Each year, IRS
    employees interact with millions of American taxpayers and businesses
    providing essential services to taxpayers and encouraging their self-
    sufficiency in meeting tax obligations. The IRS' role is to help the
    large majority of compliant taxpayers with the tax law, while ensuring
    that the minority who are unwilling to comply pay their fair share.

    [[Page 880]]

        Improve Taxpayer Service: The IRS will help people understand their
    tax obligations and make it easier for them to participate in the tax
    system. Filing season 2004 was a success for the IRS. Over 61 million
    individuals filed their returns electronically, an increase of 16
    percent from the prior year. Customer satisfaction also improved. On the
    2004 American Customer Satisfaction Index Survey (ACSI), taxpayers rated
    the IRS with an overall score of 63. The 2004 annual rating for the IRS
    in the NOP World (formerly Roper) Customer Satisfaction Survey was 58
    percent, an increase over its lowest point of 32 percent in 1998.
    Taxpayer service programs include the following budget activities--
    Assistance, Outreach and Processing (see the Program and Financing
    schedule below).

        Enhance Enforcement of the Tax Law: The IRS is improving its
    enforcement by re-examining and adjusting its audit process to target
    likely areas of non-compliance. The IRS is reversing the erosion in
    enforcement performance begun in the late 1990's, increasing
    productivity and quality in its major enforcement programs, and
    bolstering efforts to identify, investigate and punish tax cheats. The
    IRS is enhancing criminal enforcement, using civil injunctions to stop
    abusive tax schemes, and investigating promoters and users of tax
    shelters. Enforcement programs include the following budget activities
    Examination, Collection, Investigations, Regulatory Compliance, and
    Research (see the Program and Financing schedule below).

        Modernize the IRS Through Its People, Processes and Technology:
    Achieving the Service's other strategic goals depends on fully engaged
    employees, efficient business processes, and the successful completion
    of technology modernization efforts. In 2003 and 2004, the IRS balanced
    the scope and pace of its technology modernization program resulting in
    improved program management, focus and performance. In 2004, the IRS
    deployed Modernized e-File, which provides e-filing for the first time
    to large corporations and tax exempt organizations. The IRS also
    deployed additional online e-Services for tax practitioners, banks and
    brokerage firms that file Form 1099s. The IRS will continue to monitor
    its modernization projects to ensure timely rollout to meet operational
    needs.

        Improving Productivity: The IRS has already achieved impressive
    successes in productivity improvements. Since 2002, improved telephone
    and mail collection and correspondence examination have increased case
    closures per work-year by more than 15 percent. The Budget proposes to
    streamline the IRS' taxpayer service programs by reducing dependence on
    walk-in service centers and increasing reliance on more efficient
    telephone and internet service. This proposal was developed, in part, as
    a result of a 2004 program assessment of taxpayer service. The Budget
    promotes increased electronic filing, which benefits the taxpayer
    through more accurate filings, acknowledgement that the return has been
    received, and speedier processing. It also benefits the Government
    through reduced processing costs. The Budget includes a legislative
    proposal to increase the Secretary of the Treasury's authority to
    mandate e-filing from large businesses and tax exempt organizations.
    Finally, the Budget includes a legislative proposal to give IRS access
    to the National Directory of New Hires database to make audit and
    collection functions more efficient.

        Investing In Enforcement: The request builds on IRS's recent
    successes in enhancing enforcement by redeploying resources saved
    through internal reforms to enforcement ($88 million) and by providing
    $265 million for added audits, collection actions and criminal
    investigations.

        These new investments will yield substantial additional revenue.
    This enforcement increase comes on top of increases to pay for the pay
    raise and other cost increases ($182 million).

        It is important that these cost increases and new enforcement
    investments be fully funded. The Administration is proposing to fund
    them as contingent appropriations. To ensure full funding of the new
    enforcement investments, the Administration proposes to employ a budget
    enforcement mechanism that allows for an adjustment by the Budget
    Committees to the section 302(a) allocation to the Appropriations
    Committees found in the concurrent resolution on the budget. In
    addition, the Administration will also seek to establish statutory
    spending limits, as defined by section 251 of the Balanced Budget and
    Emergency Deficit Control Act of 1985, and to adjust them for this
    purpose. To ensure full funding of the cost increases, either of these
    adjustments would only be permissible if the base level for IRS
    enforcement was funded at $6,446 million and if the use of the funds was
    clearly restricted to the specified purpose. The maximum allowable
    adjustment to the 302(a) allocation and/or the statutory spending limit
    would be $446 million for 2006 (see chapter 15 in Analytical
    Perspectives).

                                  Federal Funds

    General and special fund:

                        Tax Administration and Operations

        For necessary expenses of the Internal Revenue Service for tax
    administration operations, as authorized by law; purchase (for police-
    type use, not to exceed 850) and hire of passenger motor vehicles (31
    U.S.C. 1343(b); including developmental information systems and
    operational information systems; and services as authorized by 5 U.S.C.
    3109, at such rates as may be determined by the Commissioner,
    $10,013,555,000, of which $55,584,000 shall be for the Interagency Crime
    and Drug Enforcement program; of which up to $4,100,000 shall be for the
    Tax Counseling for the Elderly Program; of which up to $8,000,000 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: Provided further, That of the funding available for research
    not to exceed $1,000,000 shall remain available until September 30,
    2007: Provided further, That of the funding available for information
    technology management and development not to exceed $75,000,000 shall
    remain available until September 30, 2007: Provided, That not less than
    $6,444,100,000 shall be available only for tax enforcement.
        In addition to funding already available under this heading, and
    subject to the same terms and conditions, $446,496,000 for enhanced tax
    enforcement: Provided, That the Secretary shall provide not later than
    180 days following the end of fiscal year 2006 to the Congress a report
    on tax enforcement which includes estimates for the entire tax
    enforcement program and for the tax enforcement initiative of:
            (A) tax enforcement spending,
            (B) tax enforcement workload indicators,
            (C) direct tax enforcement revenue, and
            (D) an explanation of the methodology and accuracy of the
        estimates provided.

                    [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, $4,089,574,000, of which up to
    $4,100,000 shall be for the Tax Counseling for the Elderly Program, of
    which $8,000,000 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.]

                              [Tax Law Enforcement]

                         [(including transfer of funds)]

        [For necessary expenses of the Internal Revenue Service for
    determining and establishing tax liabilities; providing litigation
    support; 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; expanded customer service and
    public outreach programs, strengthened enforcement activities, and

    [[Page 881]]

    enhanced research efforts to reduce erroneous filings associated with
    the earned income tax credit; 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, $4,398,729,000, of which not to exceed
    $1,000,000 shall remain available until September 30, 2007, for
    research: Provided, That up to $10,000,000 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 Credit
    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.]

                              [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, $1,590,492,000, of which $200,000,000 shall remain
    available until September 30, 2006.] (Transportation, Treasury,
    Independent Agencies, and General Government Appropriations Act, 2005.)

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............          23          43          35
        Receipts:
    02.00 Enrolled agent fee increase, IRS
            miscellaneous retained fees.....           8           2
    02.20 New installment agreements, IRS
            miscellaneous retained fees.....          57          59          60
    02.21 Restructured installment
            agreements, IRS miscellaneous
            retained........................          12          13          13
    02.22 General user fees, IRS
            miscellaneous retained fees.....           6          18          20
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..          83          92          93
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         106         135         128
        Appropriations:
    05.01 Tax administration and operations.         -63        -100        -100
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............          43          35          28
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.51 Assistance........................       1,824       1,904       1,857
    00.52 Outreach..........................         556         521         479
    00.53 Processing........................       1,286       1,329       1,331
    00.64 Examination.......................       3,339       3,477       3,712
    00.65 Collection........................       1,773       1,826       1,991
    00.66 Investigations....................         653         682         767
    00.67 Regulatory Compliance.............         253         253         265
    00.68 Research..........................         142         154         158
                                               ---------   ---------  ----------
    01.00   Subtotal, Direct program........       9,826      10,146      10,560
    09.01 Reimbursable program..............         166         159         103
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       9,992      10,305      10,663
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          37          22
    22.00 New budget authority (gross)......       9,991      10,257      10,663
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          17
    22.30 Expired unobligated balance
            transfer to unexpired account...          25          26
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      10,070      10,305      10,663
    23.95 Total new obligations.............      -9,992     -10,305     -10,663
    23.98 Unobligated balance expiring or
            withdrawn.......................         -57
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          22
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       9,820      10,079      10,460
    40.35   Appropriation permanently
              reduced.......................         -58         -81
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       9,762       9,998      10,460
          Mandatory:

    60.20   Appropriation (special fund)....          63         100         100
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).         146         159         103
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          20
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         166         159         103
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       9,991      10,257      10,663
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       1,061       1,036       1,073
    73.10 Total new obligations.............       9,992      10,305      10,663
    73.20 Total outlays (gross).............      -9,930     -10,268     -10,630
    73.40 Adjustments in expired accounts
            (net)...........................         -69
    73.45 Recoveries of prior year
            obligations.....................         -17
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -20
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................          19
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..       1,036       1,073       1,106
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       9,013       9,457       9,830
    86.93 Outlays from discretionary
            balances........................         854         711         700
    86.97 Outlays from new mandatory
            authority.......................          63         100         100
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       9,930      10,268      10,630
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............        -138        -132         -76
    88.40     Non-Federal sources...........         -28         -27         -27
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -166        -159        -103
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -20
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............          20
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       9,825      10,098      10,560
    90.00 Outlays...........................       9,764      10,109      10,527
    ---------------------------------------------------------------------------

        The 2006 President's Budget proposes to consolidate the IRS' three
    major operational appropriations--Processing, Assistance, and
    Management, Tax Law Enforcement, and Information Systems into one
    appropriation entitled Tax Administration and Operations (TAO). The TAO
    appropriation supports activities in two major areas--Taxpayer Service
    and Enforcement. This consolidation makes it easier for the IRS to
    allocate overhead costs such as telecommunications and information
    technology capture each program's full cost.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........       4,905       5,249       5,438
    11.3      Other than full-time permanent         486         488         488
    11.5      Other personnel compensation..         222         239         233
    11.8      Special personal services
                payments....................           8           8          14
                                               ---------   ---------  ----------
    11.9        Total personnel compensation       5,621       5,984       6,173
    12.1    Civilian personnel benefits.....       1,445       1,556       1,625
    13.0    Benefits for former personnel...          69          51          37
    21.0    Travel and transportation of
              persons.......................         167         173         212
    22.0    Transportation of things........          27          26          26
    23.1    Rental payments to GSA..........         667         681         725
    23.2    Rental payments to others.......           1

    [[Page 882]]

    23.3    Communications, utilities, and
              miscellaneous charges.........         386         404         403
    24.0    Printing and reproduction.......          76          73          73
    25.1    Advisory and assistance services          92          51          52
    25.2    Other services..................         504         562         596
    25.3    Other purchases of goods and
              services from Government
              accounts......................         171          49          55
    25.4    Operation and maintenance of
              facilities....................         117         140         150
    25.5    Research and development
              contracts.....................           9           7           7
    25.6    Medical care....................          11          11          11
    25.7    Operation and maintenance of
              equipment.....................          87          86          88
    25.8    Subsistence and support of
              persons.......................           3           4           6
    26.0    Supplies and materials..........          57          55          56
    31.0    Equipment.......................         300         217         248
    41.0    Grants, subsidies, and
              contributions.................          12          12          12
    42.0    Insurance claims and indemnities           2           1           1
    91.0    Unvouchered.....................           2           3           4
                                               ---------   ---------  ----------
    99.0      Direct obligations............       9,826      10,146      10,560
    99.0  Reimbursable obligations..........         166         159         103
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       9,992      10,305      10,663
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................      97,585      96,417      96,993
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       1,138       1,006         669
    ---------------------------------------------------------------------------

                   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]
    $20,210,000. (Transportation, Treasury, Independent Agencies, and
    General Government Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Health Care Tax Administration....          40          40          20
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          40          40          20
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          10           5
    22.00 New budget authority (gross)......          35          35          20
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          45          40          20
    23.95 Total new obligations.............         -40         -40         -20
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          35          35          20
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          28          21          14
    73.10 Total new obligations.............          40          40          20
    73.20 Total outlays (gross).............         -46         -47         -29
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          21          14           5
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           9          26          15
    86.93 Outlays from discretionary
            balances........................          37          21          14
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          46          47          29
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          35          35          20
    90.00 Outlays...........................          46          47          29
    ---------------------------------------------------------------------------

        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.
    The 2006 request is $15 million lower than the 2005 enacted level. The
    program is fully operational and anticipated costs have been reduced.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           1           2           2
    12.1  Civilian personnel benefits.......                       1           1
    24.0  Printing and reproduction.........           1
    25.2  Other services....................          38          37          17
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          40          40          20
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          12          17          17
    ---------------------------------------------------------------------------

                         Business Systems Modernization

        For necessary expenses of the Internal Revenue Service,
    [$205,000,000] $199,000,000, to remain available until September 30,
    [2007] 2008, 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 Government Accountability Office; and (6)
    complies with the acquisition rules, requirements, guidelines, and
    systems acquisition management practices of the Federal Government.
    (Transportation, Treasury, Independent Agencies, and General Government
    Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0921-0-1-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Information technology investments         334         340         204
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         334         340         204
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         163         230          93
    22.00 New budget authority (gross)......         388         203         199
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          16
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         567         433         292
    23.95 Total new obligations.............        -334        -340        -204
    23.98 Unobligated balance expiring or
            withdrawn.......................          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         230          93          88
    ----------------------------------------------------------------------------

    [[Page 883]]

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         390         205         199
    40.35   Appropriation permanently
              reduced.......................          -2          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         388         203         199
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         177         103         107
    73.10 Total new obligations.............         334         340         204
    73.20 Total outlays (gross).............        -392        -336        -279
    73.45 Recoveries of prior year
            obligations.....................         -16
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         103         107          32
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         115          61         119
    86.93 Outlays from discretionary
            balances........................         277         275         160
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         392         336         279
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         388         203         199
    90.00 Outlays...........................         391         336         279
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................         291         292         182
    25.7  Operation and maintenance of
            equipment.......................           4          11           5
    31.0  Equipment.........................          39          37          17
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         334         340         204
    ---------------------------------------------------------------------------

          Payment Where Earned Income Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0906-0-1-609      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........      33,134      33,790      34,132
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................      33,134      33,790      34,132
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      33,134      33,790      34,132
    23.95 Total new obligations.............     -33,134     -33,790     -34,132
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................      33,134      33,790      34,132
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............      33,134      33,790      34,132
    73.20 Total outlays (gross).............     -33,134     -33,790     -34,132
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................      33,134      33,790      34,132
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      33,134      33,790      34,132
    90.00 Outlays...........................      33,134      33,790      34,132
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................      33,134      33,790      34,132
      Outlays...........................      33,134      33,790      34,132
    Legislative proposal, subject to
        PAYGO:
      Budget Authority..................                                 -81
      Outlays...........................                                 -81
                                        ------------------------------------
    Total:
      Budget Authority..................      33,134      33,790      34,051
      Outlays...........................      33,134      33,790      34,051
                                        ====================================

        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 clarify the eligibility of
    siblings and certain other family members for child-related tax
    benefits, including the EITC and the child tax credit. Finally, the
    budget proposes to extend trough 2006 a provision, which would otherwise
    expire on December 31, 2005, allowing military personnel to elect to
    include combat pay in earned income for purposes of computing the EITC.

          Payment Where Earned Income Credit Exceeds Liability for Tax

                  (Legislative proposal, not subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0906-4-1-609      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........                                 -81
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 -81
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 -81
    23.95 Total new obligations.............                                  81
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                 -81
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 -81
    73.20 Total outlays (gross).............                                  81
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                 -81
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 -81
    90.00 Outlays...........................                                 -81
    ---------------------------------------------------------------------------

              Payment Where Child Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0922-0-1-609      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........       8,857      13,516      13,180
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................       8,857      13,516      13,180
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       8,857      13,516      13,180

    [[Page 884]]

    23.95 Total new obligations.............      -8,857     -13,516     -13,180
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       8,857      13,516      13,180
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       8,857      13,516      13,180
    73.20 Total outlays (gross).............      -8,857     -13,516     -13,180
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       8,857      13,516      13,180
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       8,857      13,516      13,180
    90.00 Outlays...........................       8,857      13,516      13,180
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................       8,857      13,516      13,180
      Outlays...........................       8,857      13,516      13,180
    Legislative proposal, subject to
        PAYGO:
      Budget Authority..................                                 -34
      Outlays...........................                                 -34
                                        ------------------------------------
    Total:
      Budget Authority..................       8,857      13,516      13,146
      Outlays...........................       8,857      13,516      13,146
                                        ====================================

        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. The budget also proposes to clarify eligibility of siblings and
    certain other family members for child-related tax benefits, including
    the EITC and the child tax credit.

              Payment Where Child Credit Exceeds Liability for Tax

                  (Legislative proposal, not subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0922-4-1-609      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........                                 -34
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 -34
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 -34
    23.95 Total new obligations.............                                  34
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                 -34
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 -34
    73.20 Total outlays (gross).............                                  34
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                 -34
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 -34
    90.00 Outlays...........................                                 -34
    ---------------------------------------------------------------------------

           Payment Where Health Care Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0923-0-1-551      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          82          91         103
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................          82          91         103
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          82          91         103
    23.95 Total new obligations.............         -82         -91        -103
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          82          91         103
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          82          91         103
    73.20 Total outlays (gross).............         -82         -91        -103
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          82          91         103
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          82          91         103
    90.00 Outlays...........................          82          91         103
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2004 actual  2005 est.   2006 est.
    Enacted/requested:
      Budget Authority..................          82          91         103
      Outlays...........................          82          91         103
    Legislative proposal, subject to
        PAYGO:
      Budget Authority..................                                  99
      Outlays...........................                                  99
                                        ------------------------------------
    Total:
      Budget Authority..................          82          91         202
      Outlays...........................          82          91         202
                                        ====================================

        The Trade Act of 2002 established the Health Coverage Tax Credit
    (HCTC), an advanceable, refundable tax credit for 65 percent of the 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.

        The budget includes a proposal that would allow state-based coverage
    under the HCTC to impose a pre-existing condition exclusion for a period
    of up to 12 months (to be reduced by periods of prior creditable
    coverage of up to 12 months, as under HIPAA). The proposal would also
    permit spouses of HCTC-eligible individuals to claim the credit when the
    HCTC-eligible individual becomes entitled to Medicare, provided the
    spouse otherwise meets the eligibility requirements.

        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.

        More than half the uninsured are small business employees and their
    families. To increase coverage in small firms, the budget includes a new
    refundable tax credit for employer contributions to their employees'
    health savings accounts (HSAs). The maximum credit for a contribution to
    the HSA of an employee with family coverage is $500 ($200 for an
    employee with individual coverage). The subsidy would be provided to
    employers (including self-employed employers) that normally employ fewer
    than 100 employees but only if the employer maintains but not
    necessarily contributes to a high-deductible health plan as defined by
    HSA rules.

    [[Page 885]]

        This schedule reflects the effects of HCTC and the proposals in
    cases where the credit exceeds the individual or business 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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Provide refundable credit for the
            purchase of health insurance....                                  78
    00.02 Provide refundable tax credit for
            small employer contributions to
            employee HSAs...................                                  18
    00.03 Permit certain spouses of HCTC
            eligible individuals to claim
            credit..........................                                   3
    00.04 Change reference to ``3 months''
            in the HCTC state-based coverage
            rules to ``12 months''..........
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                  99
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  99
    23.95 Total new obligations.............                                 -99
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                  99
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  99
    73.20 Total outlays (gross).............                                 -99
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  99
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  99
    90.00 Outlays...........................                                  99
    ---------------------------------------------------------------------------

                Refunding Internal Revenue Collections, Interest

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0904-0-1-908      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........       5,118       6,023       3,636
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................       5,118       6,023       3,636
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       5,118       6,023       3,636
    23.95 Total new obligations.............      -5,118      -6,023      -3,636
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       5,118       6,023       3,636
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       5,118       6,023       3,636
    73.20 Total outlays (gross).............      -5,118      -6,023      -3,636
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       5,118       6,023       3,636
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       5,118       6,023       3,636
    90.00 Outlays...........................       5,118       6,023       3,636
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.00 Gifts to the United States for
            reduction of the public debt....           1           1           1
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...           1           1           1
        Appropriations:
    05.00 Gifts to the United States for
            reduction of the public debt....          -1          -1          -1
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5080-0-2-808      2004 actual   2005 est.   2006 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.

                        Private Collection Agent Program

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5510-0-2-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.60 Private collection agent program..                                   2
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...                                   2
        Appropriations:
    05.01 Private collection agent program..                                  -2
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5510-0-2-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Collection Enforcement Activities.                                   1
    00.02 Payments to Private Collection
            Agencies........................                                   1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................                                   2
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                   2
    23.95 Total new obligations.............                                  -2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                                   2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                   2
    73.20 Total outlays (gross).............                                  -2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                   2
    ----------------------------------------------------------------------------

    [[Page 886]]

        Net budget authority and outlays:
    89.00 Budget authority..................                                   2
    90.00 Outlays...........................                                   2
    ---------------------------------------------------------------------------

        The American Jobs Creation Act of 2004 (Public Law 108-357) included
    an important new tax enforcement tool. Like many states and other
    Federal agencies, the IRS will now be able to hire private collection
    contractors to supplement its own collection staff's efforts to ensure
    that all taxpayers pay what they owe. The legislation ensures
    contractors respect taxpayer rights. The statute further authorizes the
    Secretary of the Treasury to retain and use an amount not in excess of
    25 percent of the amount collected under any qualified tax collection
    contract for payments to private collection agents, and an amount not in
    excess of 25 percent of the amount collected for collection enforcement
    activities of the IRS. The schedule above shows this spending. Treasury
    estimates these contractors will increase delinquent tax collections by
    at least $1.4 billion over the next ten years.

                               Informant Payments

                    Unavailable Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5433-0-2-803      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Receipts:
    02.40 Offsetting receipts
            (intragovernmental).............           4           4           4
        Appropriations:
    05.00 Appropriations....................          -4          -4          -4
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5433-0-2-803      2004 actual   2005 est.   2006 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
    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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............           5           6           6
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 32.0)...................           5           6           6
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           5           7           7
    22.00 New budget authority (gross)......           6           6           6
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          12          13          13
    23.95 Total new obligations.............          -5          -6          -6
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           7           7           7
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...           6           6           6
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                                   1
    73.10 Total new obligations.............           5           6           6
    73.20 Total outlays (gross).............          -6          -5          -5
    73.45 Recoveries of prior year
            obligations.....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..                       1           2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           1
    86.98 Outlays from mandatory balances...           5           5           5
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           6           5           5
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -6          -6          -6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................          -2          -1          -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,

    [[Page 887]]

    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 2006 Oversight Board budget recommendation for the
    Internal Revenue Service is $11,629 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 [or not to exceed
    3 percent of appropriations under the heading ``Tax Law Enforcement'']
    may be transferred to any other Internal Revenue Service appropriation
    [upon the advance approval] fifteen days after notification of the
    Committees on Appropriations: Provided, That no such transfer may reduce
    funding for tax enforcement.
        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.]
    (Transportation, Treasury, Independent Agencies, and General Government
    Appropriations Act, 2005.)

                      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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.00 Office of Housing Finance
            Supervision.....................                                  96
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                                  96
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  96
    23.95 Total new obligations.............                                 -96
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...                                  96
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  96
    73.20 Total outlays (gross).............                                 -96
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  84
    86.98 Outlays from mandatory balances...                                  12
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                                  96
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....                                 -96
    ----------------------------------------------------------------------------

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

        Upon enactment of the Government-sponsored enterprise (GSE)
    proposal, 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 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 housing 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 2005 and represents an increase of 0.8 percent
    over the combined 2005 base funding in the 2005 Budget as enacted. The
    2005 Enacted funding includes one-time costs of $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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    99.0  Reimbursable obligations:
            Reimbursable obligations........                                  95
    99.5  Below reporting threshold.........                                   1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                                  96
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-0126-2-1-371      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................                                 353
    ---------------------------------------------------------------------------

                           COMPTROLLER OF THE CURRENCY

                                   Trust Funds

                                Assessment Funds

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8413-0-8-373      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.00 Bank supervision..................         449         519         530
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         449         519         530
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         340         399         433
    22.00 New budget authority (gross)......         508         553         599
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         848         952       1,032
    23.95 Total new obligations.............        -449        -519        -530
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         399         433         502
    ----------------------------------------------------------------------------

    [[Page 888]]

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...         507         553         599
    69.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           1
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........         508         553         599
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          83          80          88
    73.10 Total new obligations.............         449         519         530
    73.20 Total outlays (gross).............        -451        -511        -522
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          80          88          96
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         418         474         480
    86.98 Outlays from mandatory balances...          33          37          42
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         451         511         522
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............                      -1          -1
    88.20     Interest on Federal securities         -13         -15         -18
    88.40     Non-Federal sources:
                Assessments.................        -494        -537        -580
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -507        -553        -599
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -57         -42         -77
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         421         479         503
    92.02 Total investments, end of year:
            Federal securities: Par value...         479         503         572
    ---------------------------------------------------------------------------

        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 1,824 national bank examiners. At present,
    there are approximately 1,934 national banks and 52 Federal branches
    with total assets of more than $4.6 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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............         246         267         284
    11.3    Other than full-time permanent..           6           6           7
    11.5    Other personnel compensation....           2           2           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         254         275         292
    12.1  Civilian personnel benefits.......          70          92          89
    13.0  Benefits for former personnel.....           3           1
    21.0  Travel and transportation of
            persons.........................          27          32          33
    22.0  Transportation of things..........           2           2           2
    23.2  Rental payments to others.........          27          26          30
    23.3  Communications, utilities, and
            miscellaneous charges...........           4           8           9
    24.0  Printing and reproduction.........           1           1           1
    25.2  Other services....................          34          58          53
    26.0  Supplies and materials............           3           5           5
    31.0  Equipment.........................          20          11          13
    32.0  Land and structures...............           4           8           3
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         449         519         530
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-8413-0-8-373      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       2,678       2,791       2,811
    ---------------------------------------------------------------------------

                          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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Office of Thrift Supervision......         176         186         190
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         176         186         190
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         159         169         171
    22.00 New budget authority (gross)......         184         188         193
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         345         357         364
    23.95 Total new obligations.............        -176        -186        -190
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         169         171         174
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...         185         188         193
    69.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........         184         188         193
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          23          27          25
    73.10 Total new obligations.............         176         186         190
    73.20 Total outlays (gross).............        -171        -188        -193
    73.45 Recoveries of prior year
            obligations.....................          -2
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          27          25          22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         162         125         137
    86.98 Outlays from mandatory balances...           9          63          56
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         171         188         193
    ----------------------------------------------------------------------------

    [[Page 889]]

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -4          -5          -5
    88.20     Interest on Federal securities          -4          -4          -4
    88.40     Non-Federal sources...........          -5          -1          -1
    88.45     Offsetting governmental
                collections (from non-
                Federal sources)............        -172        -178        -183
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -185        -188        -193
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -14
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         181         195         195
    92.02 Total investments, end of year:
            Federal securities: Par value...         195         195         195
    ---------------------------------------------------------------------------

        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, 2004, OTS oversees 896 thrifts with total assets of $1.23
    trillion.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4108-0-3-373      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............          90          96          98
    11.5    Other personnel compensation....           1           2           2
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          91          98         100
    12.1  Civilian personnel benefits.......          51          51          52
    21.0  Travel and transportation of
            persons.........................          10          11          11
    23.2  Rental payments to others.........           7           6           7
    23.3  Communications, utilities, and
            miscellaneous charges...........           3           5           5
    25.1  Advisory and assistance services..           1           2           2
    25.2  Other services....................           1           1           1
    25.3  Other purchases of goods and
            services from Government
            accounts........................           3           3           3
    25.4  Operation and maintenance of
            facilities......................           5           5           5
    26.0  Supplies and materials............           1           1           1
    31.0  Equipment.........................           2           2           2
    32.0  Land and structures...............           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         176         186         190
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 20-4108-0-3-373      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         886         920         920
    ---------------------------------------------------------------------------

                           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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest on Treasury Securities...     321,566     347,890     392,387
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................     321,566     347,890     392,387
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......     321,566     347,890     392,387
    23.95 Total new obligations.............    -321,566    -347,890    -392,387
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................     321,566     347,890     392,387
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............     321,566     347,890     392,387
    73.20 Total outlays (gross).............    -321,566    -347,890    -392,387
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................     321,566     347,890     392,387
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................     321,566     347,890     392,387
    90.00 Outlays...........................     321,566     347,890     392,387
    ---------------------------------------------------------------------------

        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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest on Treasury Securities...                                  33
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................                                  33
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  33
    23.95 Total new obligations.............                                 -33
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                  33
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  33
    73.20 Total outlays (gross).............                                 -33
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  33
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  33
    90.00 Outlays...........................                                  33
    ---------------------------------------------------------------------------

                  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      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest on Treasury Securities...                                  10
                                               ---------   ---------  ----------

    [[Page 890]]

    10.00   Total new obligations (object
              class 43.0)...................                                  10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  10
    23.95 Total new obligations.............                                 -10
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                  10
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  10
    73.20 Total outlays (gross).............                                 -10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  10
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  10
    90.00 Outlays...........................                                  10
    ---------------------------------------------------------------------------

                          GENERAL FUND RECEIPT ACCOUNTS

                               (in millions of dollars)

    ----------------------------------------------------------------------------
                                             2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    Governmental receipts:
      20-015800  Transportation fuels tax:
        Enacted/requested...................       1,381        -526      -1,325
        Legislative proposal, subject to
          PAYGO.............................                                  12
      20-065000  Deposit of earnings,
        Federal Reserve System: Enacted/
        requested...........................      19,652      24,102      28,528
      20-085000  Registration, filing, and
        transaction fees: Enacted/requested.           4           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...................          76          77          77
      20-089100  Miscellaneous fees for
        regulatory and judicial services,
        not otherwise classified: Enacted/
        requested...........................           7           8           8
      20-101000  Fines, penalties, and
        forfeitures, agricultural laws:
        Enacted/requested...................           1           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.............          69          71          71
      20-104000  Fines, penalties, and
        forfeitures, customs, commerce, and
        antitrust laws: Enacted/requested...         101          97          97
      20-105000  Fines, penalties, and
        forfeitures, narcotic prohibition
        and alcohol laws: Enacted/requested.           6           5           5
      20-106000  Forfeitures of unclaimed
        money and property: Enacted/
        requested...........................          30          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...........................           4           1           1
      20-241100  User fees for IRS: Enacted/
        requested...........................          46          48          50
      20-309200  Recovery from highway trust
        fund for refunds of taxes: Enacted/
        requested...........................       1,126       1,089       1,114
        Legislative proposal, subject to
          PAYGO.............................                  -1,089      -1,114
      20-309400  Recovery from airport and
        airway trust fund for refunds of
        taxes: Enacted/requested............          55          52          55
      20-309500  Recovery from leaking
        underground storage tank trust fund
        for refunds of taxes, EPA: Enacted/
        requested...........................           4           2
      20-309990  Refunds of moneys
        erroneously received and recovered
        (20X1807): Enacted/requested........         -83        -332        -334
      95-109900  Fines, penalties, and
        forfeitures, not otherwise
        classified: Enacted/requested.......       1,152         603         603
      99-011050  Individual income taxes:
        Enacted/requested...................     808,903     893,642     964,225
        Legislative proposal, subject to
          PAYGO.............................                       6       2,594
      99-011100  Corporation income and
        excess profits taxes: Enacted/
        requested...........................     189,370     226,431     222,811
        Legislative proposal, subject to
          PAYGO.............................                      95      -2,553
      99-015250  Other Federal fund excise
        taxes: Enacted/requested............        -604        -477        -436
        Legislative proposal, subject to
          PAYGO.............................                                -148
      99-015300  Estate and gift taxes:
        Enacted/requested...................      24,831      23,754      26,810
        Legislative proposal, subject to
          PAYGO.............................                                -689
      99-015500  Tobacco excise tax:
        Enacted/requested...................       7,926       7,899       7,732
      99-015600  Alcohol excise tax:
        Enacted/requested...................       8,105       7,909       8,056
        Legislative proposal, subject to
          PAYGO.............................                                 -56
      99-015700  Telephone excise tax:
        Enacted/requested...................       5,997       6,485       6,881
      99-031050  Other Federal fund customs
        duties: Enacted/requested...........      13,817      15,159      17,607
        Legislative proposal, subject to
          PAYGO.............................                   1,608       1,540
                                               ---------   ---------  ----------
    General Fund Governmental receipts......   1,082,002   1,206,775   1,282,278
    ----------------------------------------------------------------------------
    Offsetting receipts from the public:
      20-143500  General fund proprietary
        interest receipts, not otherwise
        classified: Enacted/requested.......         169         175         175
      20-145000  Interest payments from
        States, cash management improvement:
        Enacted/requested...................          15          17          18
      20-146310  Interest on quota in
        International Monetary Fund:
        Enacted/requested...................         300         329         329
      20-146400  Interest received on loans
        and credits to foreign nations:
        Enacted/requested...................         111         103          86
      20-148400  Interest on deposits in tax
        and loan accounts: Enacted/requested         136         338         471
      20-149900  Interest received from
        credit financing accounts: Enacted/
        requested...........................      10,299      11,639      11,866
      20-168200  Gain by exchange on foreign
        currency denominated public debt
        securities: Enacted/requested.......          10
      20-276330  Community Development
        Financial Institutions Fund,
        Downward re-estimate of subsidies:
        Enacted/requested...................           3
      20-276610  Air Transportation Safety
        and System Stabilization Act,
        Negative subsidies: Enacted/
        requested...........................                      42
      20-277130  Air Transportation
        Stabilization guaranteed loan,
        Downward reestimates of subsidies:
        Enacted/requested...................         233          41
      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...........................          88          94         108
      20-322000  All other general fund
        proprietary receipts: Enacted/
        requested...........................       1,386       1,402       1,402
      20-387500  Budget clearing account
        (suspense): Enacted/requested.......         779
                                               ---------   ---------  ----------
    General Fund Offsetting receipts from
     the public.............................      13,533      14,184      14,459
    ----------------------------------------------------------------------------
    Intragovernmental payments:
      13-141000  Interest on investment,
        economic development revolving fund:
        Enacted/requested...................           2           2           2
      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...          11          11          11
      20-133700  Interest on loans to the
        Helium Fund, Department of Interior:
        Enacted/requested...................          60          75         157
      20-133800  Interest on loans to the
        Presidio: Enacted/requested.........           3           3           3
      20-135000  Interest on loans to the
        Secretary of Transportation, ocean
        freight differential: Enacted/
        requested...........................           1           1           2
      20-135100  Interest on loans to BPA:
        Enacted/requested...................         577         434         451
      20-135400  Interest on loans for
        housing for the elderly or
        handicapped: Enacted/requested......         190         160         112
      20-136100  Interest on loans to the
        Secretary of Transportation,
        railroad rehabilitation and
        improvement fund: Enacted/requested.           2           1           1
      20-136300  Interest on loans for
        college housing and academic
        facilities loans, Education:
        Enacted/requested...................           8           8           8
      20-140100  Interest on loans to
        Commodity Credit Corporation:
        Enacted/requested...................         123         214         406
      20-141700  Interest on loans to
        Tennessee Valley Authority: Enacted/
        requested...........................                       2           2
      20-141800  Interest on loans to
        Federal Financing Bank: Enacted/
        requested...........................       1,156         515         429
        Legislative proposal, not subject to
          PAYGO.............................
      20-142500  Interest on loans to rural
        development insurance fund: Enacted/
        requested...........................           4
      20-149500  Interest payments on
        repayable advances to the black lung
        disability trust fund: Enacted/
        requested...........................         651         675         696
        Legislative proposal, not subject to
          PAYGO.............................                               3,343
      20-149700  Payment of interest on
        advances to the Railroad Retirement
        Board: Enacted/requested............         178         159         162
      20-241600  Charges for administrative
        expenses of Social Security Act as
        amended: Enacted/requested..........         371         785         806
      20-310100  Recoveries from Federal
        agencies for settlement of claims
        for contract disuptes: Enacted/
        requested...........................         498
      20-311200  Reimbursement from Federal
        agencies for payments made as a
        result of discriminatory conduct:
        Enacted/requested...................           7           7           7

    [[Page 891]]

      20-320000  Receivables from cancelled
        accounts: Enacted/requested.........          50         205         205
      20-330500  Transfer of excess receipts
        to the general fund, trust fund
        payments: Enacted/requested.........          83
      20-388500  Undistributed
        intragovernmental payments: Enacted/
        requested...........................        -619
      73-142800  Interest on advances to
        Small Business Administration:
        Enacted/requested...................          14           6           5
      91-142200  Interest on loans, higher
        education facilities loan fund:
        Enacted/requested...................           1           1           1
                                               ---------   ---------  ----------
    General Fund Intragovernmental payments.       3,375       3,268       6,813
    ---------------------------------------------------------------------------

                 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, Financial Management Service, Alcohol and
    Tobacco Tax and Trade Bureau, Financial Crimes Enforcement Network, and
    Bureau of the Public Debt, may be transferred between such
    appropriations [upon the advance approval of] 15 days after notification
    to the Committees on Appropriations: Provided, That no transfer may
    increase or decrease any such appropriation by more than 2 percent.
        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] 15 days after notification to the
    Committees on Appropriations: Provided, That no transfer may increase or
    decrease any such appropriation by more than 2 percent.
        Sec. 213. 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. The Secretary of the Treasury may transfer funds from
    [``Financial management service, salaries and expenses''] Financial
    Management Services, Salaries and Expenses to [``Debt services''] Debt
    Collection Fund 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] Collection Fund.
        Sec. 216. Section 122(g)(1) of Public Law 105-119 (5 U.S.C. 3104
    note), is further amended by striking ``[6] 7 years'' and inserting
    ``[7] 8 years''.
        [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. None of the funds appropriated or otherwise made
    available by this or any other Act or source to the Department of the
    Treasury, the Bureau of Engraving and Printing, and the United States
    Mint, individually or collectively, may be used to consolidate any or
    all functions of the Bureau of Engraving and Printing and the United
    States Mint without the explicit approval of the House Committee on
    Financial Services; the Senate Committee on Banking, Housing, and Urban
    Affairs; the House Committee on Appropriations; and the Senate Committee
    on Appropriations.]
        [Sec. 219. Section 101(f) of the Treasury Department Appropriations
    Act, 1997 (division A of Public Law 104-208), as amended, is further
    amended by striking ``hereby'' and ``until October 1, 2004,'' and
    inserting ``Hereafter'' before the phrase ``there is established''.]
        [Sec. 220. (a) Section 3333 of title 31, United States Code, 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. 221. Not later than 60 days after enactment of this Act, the
    Secretary of the Treasury shall submit to the Committees on
    Appropriations a report describing how statutory provisions addressing
    currency manipulation by America's trading partners contained in, and
    relating to, title 22 U.S.C. 5304, 5305, and 286y can be better
    clarified administratively to provide for improved and more predictable
    evaluation, and to enable the problem of currency manipulation to be
    better understood by the American people and the Congress.]
        [Sec. 222. Terrorism and Financial Intelligence. (a) In General.--
    Subchapter I of chapter 3 of title 31, United States Code, is amended by
    adding at the end the following:

                ``Sec. 313. Terrorism and financial intelligence

        ``(a) Office of Terrorism and Financial Intelligence.--
            ``(1) Establishment.--There is established within the Department
        of the Treasury the Office of Terrorism and Financial Intelligence
        (in this section referred to as `OTFI'), which shall be the
        successor to any such office in existence on the date of enactment
        of this section.
            ``(2) Leadership.--
                    ``(A) Undersecretary.--There is established within the
                Department of the Treasury, the Office of the Undersecretary
                for Terrorism and Financial Crimes, who shall serve as the
                head of the OTFI, and shall report to the Secretary of the
                Treasury through the Deputy Secretary of the Treasury. The
                Office of the Undersecretary for Terrorism and Financial
                Crimes shall be the successor to the Office of the
                Undersecretary for Enforcement.
                    ``(B) Appointment.--The Undersecretary for Terrorism and
                Financial Crimes shall be appointed by the President, by and
                with the advice and consent of the Senate.
            ``(3) Assistant secretary for terrorist financing.--
                    ``(A) Establishment.--There is established within the
                OTFI the position of Assistant Secretary for Terrorist
                Financing.
                    ``(B) Appointment.--The Assistant Secretary for
                Terrorist Financing shall be appointed by the President, by
                and with the advice and consent of the Senate.
                    ``(C) Duties.--The Assistant Secretary for Terrorist
                Financing shall be responsible for formulating and
                coordinating the counter terrorist financing and anti-money
                laundering efforts of the Department of the Treasury, and
                shall report directly to the Undersecretary for Terrorism
                and Financial Crimes.
            ``(4) Functions.--The functions of the OTFI include providing
        policy, strategic, and operational direction to the Department on
        issues relating to--
                    ``(A) implementation of titles I and II of the Bank
                Secrecy Act;
                    ``(B) United States economic sanctions programs;
                    ``(C) combating terrorist financing;
                    ``(D) combating financial crimes, including money
                laundering, counterfeiting, and other offenses threatening
                the integrity of the banking and financial systems;
                    ``(E) other enforcement matters;

    [[Page 892]]

                    ``(F) those intelligence analysis and coordination
                functions described in subsection (b); and
                    ``(G) the security functions and programs of the
                Department of the Treasury.
            ``(5) Reports to congress on proposed measures.--The
        Undersecretary for Terrorism and Financial Crimes and the Assistant
        Secretary for Terrorist Financing shall report to the Committee on
        Banking, Housing, and Urban Affairs of the Senate and the Committee
        on Financial Services of the House of Representatives not later than
        72 hours after proposing by rule, regulation, order, or otherwise,
        any measure to reorganize the structure of the Department for
        combatting money laundering and terrorist financing, before any such
        proposal becomes effective.
            ``(6) Other offices within otfi.--Notwithstanding any other
        provision of law, the following offices of the Department of the
        Treasury shall be within the OTFI:
                    ``(A) The Office of the Assistant Secretary for
                Intelligence and Analysis, which shall report directly to
                the Undersecretary for Terrorism and Financial Crimes.
                    ``(B) The Office of the Assistant Secretary for
                Terrorist Financing, which shall report directly to the
                Undersecretary for Terrorism and Financial Crimes.
                    ``(C) The Office of Foreign Assets Control (in this
                section referred to as the `OFAC'), which shall report
                directly to the Undersecretary for Terrorism and Financial
                Crimes.
                    ``(D) The Executive Office for Asset Forfeiture, which
                shall report to the Undersecretary for Terrorism and
                Financial Crimes.
                    ``(E) The Office of Intelligence and Analysis (in this
                section referred to as the `OIA'), which shall report to the
                Assistant Secretary for Intelligence and Analysis.
                    ``(F) The Office of Terrorist Financing, which shall
                report to the Assistant Secretary for Terrorist Financing.
            ``(7) FinCEN.--
                    ``(A) Reporting to undersecretary.--The Financial Crimes
                Enforcement Network (in this section referred to as
                `FinCEN'), a bureau of the Department of the Treasury, shall
                report to the Undersecretary for Terrorism and Financial
                Crimes. The Undersecretary for Terrorism and Financial
                Crimes may not redelegate its reporting authority over
                FinCEN.
                    ``(B) Office of compliance.--There is established within
                FinCEN, an Office of Compliance.
        ``(b) Office of Intelligence and Analysis.--
            ``(1) Assistant secretary for intelligence and analysis.--The
        Assistant Secretary for Intelligence and Analysis shall head the
        OIA.
            ``(2) Responsibilities.--The OIA shall be responsible for the
        receipt, analysis, collation, and dissemination of intelligence and
        counterintelligence information related to the operations and
        responsibilities of the entire Department of the Treasury, including
        all components and bureaus of the Department.
            ``(3) Primary functions.--The primary functions of the OIA are--
                    ``(A) to build a robust analytical capability on
                terrorist finance by coordinating and overseeing work
                involving intelligence analysts in all components of the
                Department of the Treasury, focusing on the highest
                priorities of the Department, as well as ensuring that the
                existing intelligence needs of the OFAC and FinCEN are met;
                and
                    ``(B) to provide intelligence support to senior
                officials of the Department on a wide range of international
                economic and other relevant issues.
            ``(4) Other functions and duties.--The OIA shall--
                    ``(A) carry out the intelligence support functions that
                are assigned, to the Office of Intelligence Support under
                section 311 (pursuant to section 105 of the Intelligence
                Authorization Act for Fiscal Year 2004);
                    ``(B) serve in a liaison capacity with the intelligence
                community; and
                    ``(C) represent the Department in various intelligence
                related activities.
            ``(5) Duties of the assistant secretary.--The Assistant
        Secretary for Intelligence and Analysis shall serve as the Senior
        Officer Intelligence Community, and shall represent the Department
        in intelligence community fora, including the National Foreign
        Intelligence Board committees and the Intelligence Community
        Management Staff.
        ``(c) Delegation.--To the extent that any authorities, powers, and
    responsibilities over enforcement matters delegated to the
    Undersecretary for Terrorism and Financial Crimes, or the positions of
    Assistant Secretary for Terrorism and Financial Crimes, Assistant
    Secretary for Enforcement and Operations, or Deputy Assistant Secretary
    for Terrorist Financing and Financial Crimes, have not been transferred
    to the Department of Homeland Security, the Department of Justice, or
    the Assistant Secretary for Tax Policy (related to the customs revenue
    functions of the Bureau of Alcohol and Tobacco Tax and Trade), those
    remaining authorities, powers, and responsibilities are delegated to the
    Undersecretary for Terrorism and Financial Crimes.
        ``(d) Designation as Enforcement Organization.--The Office of
    Terrorism and Financial Intelligence (including any components thereof)
    is designated as a law enforcement organization of the Department of the
    Treasury for purposes of section 9703 of title 31, United States Code,
    and other relevant authorities.
        ``(e) Use of Existing Resources.--The Secretary may employ
    personnel, facilities, and other Department of the Treasury resources
    available to the Secretary on the date of enactment of this section in
    carrying out this section, except as otherwise prohibited by law.
        ``(f) References.--References in this section to the `Secretary',
    `Undersecretary', `Deputy Secretary', `Deputy Assistant Secretary',
    `Office', `Assistant Secretary', and `Department' are references to
    positions and offices of the Department of the Treasury, unless
    otherwise specified.''.
        (b) Conforming Amendments.--
            (1) Title 31.--Section 311 of title 31, United States Code, is
        amended--
                    (A) in subsection (a)--
                (i) by redesignating paragraphs (1) and (2) as paragraphs
            (2) and (3), respectively; and
                (ii) by inserting before paragraph (2), as so redesignated,
            the following:
            ``(1) be within the Office of Terrorism and Financial
        Intelligence;''; and
                    (B) in subsection (b), by striking ``Enforcement'' and
                inserting ``Terrorism and Financial Crimes''.
            (2) Other office abolished.--The Office of the Undersecretary
        for Enforcement of the Department of the Treasury, established in
        accordance with section 103 of the Treasury Department
        Appropriations Act, 1994 (Public Law 103-123) is abolished, and all
        rights, duties, and responsibilities of that office are transferred
        on the date of enactment of this Act to the Office of the
        Undersecretary for Terrorism and Financial Crimes of the Department
        of the Treasury in accordance with this section and the amendments
        made by this section, except as otherwise specifically provided in
        this section or the amendments made by this section, or other
        applicable law.]
        Sec. 217. Not to exceed 5 percent of any appropriations in this Act
    made available to the Departmental Offices--Salaries and Expenses and
    Financial Crimes Enforcement Network, may be transferred between such
    appropriations 15 days after notification to the Committees on
    Appropriations: Provided, That no transfer may increase or decrease any
    such appropriation by more than 5 percent: Provided further, That this
    transfer authority shall be in addition to any other transfer authority
    provided in this Act. (Transportation, Treasury, Independent Agencies,
    and General Government Appropriations Act, 2005.)