[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 2007

[[Page 915]]

 
                       DEPARTMENT OF THE TREASURY



                          DEPARTMENTAL OFFICES

                          Salaries and Expenses

                      (including transfer of funds)

    For necessary expenses of the Departmental Offices including 
operation and maintenance of the Treasury Building and Annex; hire of 
passenger motor vehicles; maintenance, repairs, and improvements of, and 
purchase of commercial insurance policies for, real properties leased or 
owned overseas, when necessary for the performance of official business, 
[not to exceed $3,000,000 for official travel expenses; $196,592,000] 
$223,874,000, of which not to exceed [$8,642,000] $17,501,000 is for 
executive direction program activities; [not to exceed $7,852,000 is for 
general counsel program activities;] not to exceed [$32,011,000] 
$41,947,000 is for economic policies and programs activities; not to 
exceed [$26,574,000] $25,336,000 is for financial policies and programs 
activities; [pursuant to section 3004(b) of the Exchange Rates and 
International Economic Policy Coordination Act of 1988 (22 U.S.C. 
5304(b)), not to exceed $1,000,000, to remain available until expended, 
is for the Secretary of the Treasury, in conjunction with the President, 
to implement said subsection as it pertains to governments and trade 
violations involving currency manipulation and other trade violations;] 
not to exceed [$39,939,000] $45,401,000 is for [financial crimes 
policies and programs] terrorism and financial intelligence activities; 
not to exceed [$16,843,000] $20,372,000 is for Treasury-wide management 
policies and programs activities; and not to exceed [$63,731,000] 
$73,317,000 is for administration programs activities: [Provided, That 
of the amount appropriated for financial crimes policies and programs 
activities, $22,032,016 is for the Office of Foreign Assets Control and 
shall support no less than 125 full time equivalent positions:] Provided 
[further], 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 two percent by all such 
transfers: Provided further, That any change in funding greater than two 
percent shall be submitted for approval to the House and Senate 
Committees on Appropriations:] Provided further, That of the amount 
appropriated under this heading, not to exceed $3,000,000, to remain 
available until September 30, [2007] 2008, for information technology 
modernization requirements; not to exceed [$100,000] $150,000 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, 
[$5,173,000] $5,114,000, to remain available until September 30, [2007] 
2008, is for the Treasury-wide Financial Statement Audit and Internal 
Control 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. (Department of the 
Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0101-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Economic policies and programs....          30          33          42
00.02 Financial policies and programs...          25          26          25
00.03 Financial crimes policies and 
        programs........................          33          40          45
00.04 Treasury-wide management policies 
        and programs....................          21          12          15
00.05 Treasury-wide financial statement 
        audit...........................           3           5           5
00.07 Executive Direction...............          14          16          18
00.08 Administration programs activities          53          63          73
                                           ---------   ---------  ----------
01.00   Subtotal, Direct programs.......         179         195         223
09.11 Reimbursable program..............          16          20          20
                                           ---------   ---------  ----------
09.99   Subtotal, reimbursable program..          16          20          20
                                           ---------   ---------  ----------
10.00   Total new obligations...........         195         215         243
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           1           1
22.00 New budget authority (gross)......         194         215         244
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         197         216         245
23.95 Total new obligations.............        -195        -215        -243
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           1           1           2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         180         197         224
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -2
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         179         195         224
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          12          20          20
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........           3
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....          15          20          20
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         194         215         244
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          53          52          50
73.10 Total new obligations.............         195         215         243
73.20 Total outlays (gross).............        -193        -212        -238
73.40 Adjustments in expired accounts 
        (net)...........................          -1          -5          -5
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -3
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          52          50          50
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         164         177         200
86.93 Outlays from discretionary 
        balances........................          29          35          38
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         193         212         238
----------------------------------------------------------------------------

    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)...................          -3
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         179         195         224
90.00 Outlays...........................         181         192         218
----------------------------------------------------------------------------

    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, as the headquarters bureau for the Department 
of the Treasury, provides leadership in such critical areas as economic 
and financial policy, financial crimes, and general management. The 
Secretary of the Treasury has the primary role in formulating and 
managing the domestic and international tax and financial policies of 
the Federal Government. The 2007 Budget for the Salaries and Expenses

[[Page 916]]

appropriation provides increased resources to expand Treasury's overseas 
presence to provide relevant intelligence and expert analysis to support 
the formulation of policy on international economics, trade, finance, 
and combating terrorist financing, and to administer and enforce 
economic sanctions against terrorist networks. This appropriation also 
provides resources to: develop policies and implement strategies to 
safeguard the United States and international financial systems from 
national security threats; manage the public debt; represent the United 
States on international monetary, trade, and investment issues; 
recommend and implement United States domestic and international 
economic and tax policy; and, to coordinate departmental administrative 
policies in financial and personnel management, procurement operations, 
and information systems and telecommunications.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0101-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................          85          94         103
12.1    Civilian personnel benefits.....          21          24          27
21.0    Travel and transportation of 
          persons.......................           2           3           5
23.1    Rental payments to GSA..........           5           5           6
23.3    Communications, utilities, and 
          miscellaneous charges.........           9           8           8
24.0    Printing and reproduction.......           3           3           3
25.1    Advisory and assistance services           1           1           1
25.2    Other services..................          19          25          37
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          24          25          26
25.7    Operation and maintenance of 
          equipment.....................           3
26.0    Supplies and materials..........           5           4           4
31.0    Equipment.......................           2           3           3
                                           ---------   ---------  ----------
99.0      Direct obligations............         179         195         223
99.0  Reimbursable obligations..........          16          20          20
                                           ---------   ---------  ----------
99.9    Total new obligations...........         195         215         243
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0101-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................         858       1,004       1,058
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................          89          86          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, 
[$24,412,000] $34,032,000, to remain available until September 30, 
[2008] 2009: 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'' or ``Internal Revenue Service, 
Business Systems Modernization''. (Department of the Treasury 
Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0115-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........          24          24          34
                                           ---------   ---------  ----------
10.00   Total new obligations...........          24          24          34
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7          15          15
22.00 New budget authority (gross)......          32          24          34
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          39          39          49
23.95 Total new obligations.............         -24         -24         -34
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          15          15          15
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          32          24          34
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          15          13          10
73.10 Total new obligations.............          24          24          34
73.20 Total outlays (gross).............         -26         -27         -33
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          13          10          11
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          14          17          24
86.93 Outlays from discretionary 
        balances........................          12          10           9
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          26          27          33
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          32          24          34
90.00 Outlays...........................          26          27          33
---------------------------------------------------------------------------

    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. The 2007 Budget 
provides funds to: complete the Treasury Foreign Intelligence Network; 
improve the capabilities and capacity of Treasury's Secure Data Network; 
develop Treasury's Critical Infrastructure Protection; and improve 
Treasury's Cyber Security.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0115-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
23.1  Rental payments to GSA............           1           1           1
25.2  Other services....................          22          20          29
31.0  Equipment.........................           1           3           4
                                           ---------   ---------  ----------
99.9    Total new obligations...........          24          24          34
---------------------------------------------------------------------------

                                

                       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, 
[$17,000,000] $17,352,000, of which not to exceed $2,500 shall be 
available for official reception and representation expenses. 
(Department of the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audits............................          10          10          10
00.02 Investigations....................           6           7           7
09.01 Reimbursable program..............           2           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          18          19          19
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       2           2
22.00 New budget authority (gross)......          20          19          19
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          20          21          21
23.95 Total new obligations.............         -18         -19         -19
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           2           2           2
----------------------------------------------------------------------------

[[Page 917]]



    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          17          17          17
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).           2           1           2
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........           1           1
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....           3           2           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          20          19          19
----------------------------------------------------------------------------

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

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          16          16          16
86.93 Outlays from discretionary 
        balances........................           1           3           3
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          17          19          19
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -2          -1          -2
      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..................          17          17          17
90.00 Outlays...........................          15          18          17
---------------------------------------------------------------------------

    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.

    In 2007, the OIG Office of Audit will focus a substantial amount of 
its self-initiated audit resources to address the major management and 
performance challenges identified by the Inspector General. Those 
challenges include: (1) Corporate Management; (2) Management of Capital 
Investments; (3) Information Security; (4) Linking Resources to Results; 
and (5) Anti-Money Laundering and Terrorist Financing/Bank Secrecy Act 
Enforcement.

    In 2007, the Office of Investigations will continue investigating 
all reports of fraud, waste and abuse and other criminal activity, and 
will maintain current efforts to aggressively investigate, close, and 
refer cases for criminal prosecution, civil litigation or administrative 
action in a timely manner.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................           9          10          11
12.1    Civilian personnel benefits.....           2           3           3
23.1    Rental payments to GSA..........           2           2           2
25.2    Other services..................           1           2           1
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           1
31.0    Equipment.......................           1
                                           ---------   ---------  ----------
99.0      Direct obligations............          16          17          17
99.0  Reimbursable obligations..........           2           2           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........          18          19          19
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0106-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................         101         115         115
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................           6           5           5
---------------------------------------------------------------------------

                                

            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, [$133,286,000] $136,469,000; and of which not to 
exceed $1,500 shall be available for official reception and 
representation expenses. (Department of the Treasury Appropriations Act, 
2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Audit.............................          49          50          51
00.02 Investigations....................          80          82          85
09.01 Reimbursable program..............           3           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........         132         133         137
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         131         133         137
23.95 Total new obligations.............        -132        -133        -137
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   New budget authority (gross), 
          detail........................         129         133         136
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -1
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         128         132         136
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Spending authority from 
          offsetting collections........           3           1           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         131         133         137
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Change in obligated balances......          11           9          10
73.10 Total new obligations.............         132         133         137
73.20 Total outlays (gross).............        -133        -132        -137
73.40 Adjustments in expired accounts 
        (net)...........................          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           9          10          10
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays (gross), detail...........         121         123         127
86.93 Outlays from discretionary 
        balances........................          12           9          10
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         133         132         137
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Offsets.................          -3          -1          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         128         132         136
90.00 Outlays...........................         130         131         136
---------------------------------------------------------------------------

    The Treasury Inspector General for Tax Administration (TIGTA) 
conducts audits and investigations to promote the economy, efficiency, 
and effectiveness of tax administration

[[Page 918]]

as well as to protect the Internal Revenue Service (IRS), the IRS 
Oversight Board, and the Office of Chief Counsel against corruption from 
both internal and external sources.

    In 2007, TIGTA's investigative program will concentrate on three 
core areas: (1) employee integrity; (2) employee and infrastructure 
security; and (3) external attempts to corrupt tax administration. In 
2005, TIGTA closed 3,468 criminal investigations.

    In 2007, TIGTA will administer an audit program that strikes a 
balance between statutory audit coverage and discretionary audit work. 
The statutory coverage will include audits mandated by the IRS 
Restructuring and Reform Act of 1998, as well as reviews that address 
computer security, taxpayer privacy and rights, and financial 
management. In addition, TIGTA will continue to closely monitor the IRS' 
modernization efforts, its major management challenges, its response to 
the President's Management Agenda, and its progress in achieving its 
strategic goals and eliminating identified material weaknesses. TIGTA's 
2005 highlights include: 180 final reports issued; 358 average calendar 
days for report issuance; and 2.8 million taxpayer accounts potentially 
positively affected. This program also supports the Inspectors General 
Criminal Investigators Academy, which is funded through reimbursements 
from participating agencies.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          73          73          74
11.3      Other than full-time permanent           1           1           1
11.5      Other personnel compensation..           8           9           9
                                           ---------   ---------  ----------
11.9        Total personnel compensation          82          83          84
12.1    Civilian personnel benefits.....          23          24          25
21.0    Travel and transportation of 
          persons.......................           4           4           4
23.1    Rental payments to GSA..........           8           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           3           4
25.7    Operation and maintenance of 
          equipment.....................           1           1           1
26.0    Supplies and materials..........           1           1           1
31.0    Equipment.......................           3           3           3
                                           ---------   ---------  ----------
99.0      Direct obligations............         129         132         136
99.0  Reimbursable obligations..........           3           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........         132         133         137
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0119-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................         846         850         850
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................           9           3           3
---------------------------------------------------------------------------

                                

           Treasury Building and Annex Repair and Restoration

    [For the repair, alteration, and improvement of the Treasury 
Building and Annex, $10,000,000, to remain available until September 30, 
2008.] (Department of the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0108-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

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

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           2           5           6
22.00 New budget authority (gross)......          12          10
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2           1           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          16          16           7
23.95 Total new obligations.............         -12         -10
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           5           6           7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

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

    Change in obligated balances:
72.40 Obligated balance, start of year..          22           5
73.10 Total new obligations.............          12          10
73.20 Total outlays (gross).............         -27         -14          -4
73.45 Recoveries of prior year 
        obligations.....................          -2          -1          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           5                      -5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           9           5
86.93 Outlays from discretionary 
        balances........................          18           9           4
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          27          14           4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          12          10
90.00 Outlays...........................          27          14           4
---------------------------------------------------------------------------

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

    The 2006 appropriation of $10,000,000 million was 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
23.1  Rental payments to GSA............           3           3
25.2  Other services....................           9           7
                                           ---------   ---------  ----------
99.9    Total new obligations...........          12          10
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0108-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................           7           9
---------------------------------------------------------------------------

                                

                  Expanded Access to Financial Services

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0121-0-1-808      2005 actual   2006 est.   2007 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
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           3           2           2
73.20 Total outlays (gross).............          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           1
----------------------------------------------------------------------------

[[Page 919]]



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

                                

                          Counterterrorism Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0117-0-1-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Counterterrorism-related 
        activities......................           2
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................           2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           3           3
23.95 Total new obligations.............          -2
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           3           3           3
----------------------------------------------------------------------------

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

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           2           5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           2           5
---------------------------------------------------------------------------

    Most of the balances in this account were transferred to the 
Department of Homeland Security in accordance with the Homeland Security 
Act of 2002 (P.L. 107-296). Treasury, however, retains some funding 
available 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Administrative Expenses...........           4           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations...........           4           6           6
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           6
22.00 New budget authority (gross)......           5                       6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          10           6           6
23.95 Total new obligations.............          -4          -6          -6
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation, P.L. 107-297, 
          P.L. 109-144..................           5                       6
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           1           2
73.10 Total new obligations.............           4           6           6
73.20 Total outlays (gross).............          -5          -5          -6
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           1           2           2
----------------------------------------------------------------------------

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

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

    The Terrorism Risk Insurance Extension Act of 2005 (P.L. 109-144) 
reauthorized and revised the program established by the Terrorism Risk 
Insurance Act of 2002 (P.L. 107-297). The Extension Act extends the 
Terrorism Insurance Program for two years, through December 31, 2007, 
and increases insurers' deductibles from 15 percent in calendar year 
2005 to 17.5 percent in 2006 and 20 percent in 2007. Under previous law, 
once the deductible was reached, the Federal Government was responsible 
for paying 90 percent of insured losses arising from acts of terrorism 
above the applicable insurer deductible and below a $100 billion annual 
aggregate cap. Under the revised program, the Federal Government is 
responsible for paying 90 percent in calendar year 2006 and 85 percent 
in 2007 of the insured losses. The Extension Act excludes the following 
lines of insurance previously covered by P.L. 107-297: commercial 
automobile; burglary and theft; surety; professional liability; and farm 
owners multiple peril. In addition, after March 31, 2006, the trigger 
amounts for Federal payments increase from $5 million in aggregate 
insured losses from an act of terrorism to $50 million in 2006 and $100 
million in calendar year 2007.

    The Budget only 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. Any 
such claims would be paid from permanent, indefinite authority and would 
not require subsequent appropriations.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0123-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           1           1           1
25.1  Advisory and assistance services..           3           5           5
                                           ---------   ---------  ----------
99.9    Total new obligations...........           4           6           6
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0123-0-1-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................           9          10          10
---------------------------------------------------------------------------

                                

                        Treasury Forfeiture Fund

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............           1           1           8
                                           ---------   ---------  ----------
01.99 Balance, start of year............           1           1           8
    Receipts:
02.40 Earnings on investments, Treasury 
        forfeiture fund.................          13          12          12
02.60 Forfeited cash and proceeds from 
        sale of forfeited property, 
        Treasury forfeiture fund........         308         246         246
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         321         258         258
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         322         259         266
    Appropriations:
05.00 Treasury forfeiture fund..........        -321        -251        -251
                                           ---------   ---------  ----------
07.99 Balance, end of year..............           1           8          15
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Asset forfeiture fund.............         341         292         251
                                           ---------   ---------  ----------
10.00   Total new obligations...........         341         292         251
----------------------------------------------------------------------------

[[Page 920]]



    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          96          91          50
22.00 New budget authority (gross)......         321         251         251
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          15
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         432         342         301
23.95 Total new obligations.............        -341        -292        -251
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          91          50          50
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         321         251         251
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         176         252         293
73.10 Total new obligations.............         341         292         251
73.20 Total outlays (gross).............        -250        -251        -251
73.45 Recoveries of prior year 
        obligations.....................         -15
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         252         293         293
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         225         226         226
86.98 Outlays from mandatory balances...          25          25          25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         250         251         251
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         321         251         251
90.00 Outlays...........................         250         251         251
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         126         179         126
92.02 Total investments, end of year: 
        Federal securities: Par value...         179         126         126
---------------------------------------------------------------------------

    The Treasury Forfeiture Fund is managed to support Federal, State, 
and local law enforcement's use of asset forfeiture as a powerful tool 
to punish and deter criminal activity. Non-tax forfeitures made by 
participating bureaus from the Treasury and Homeland Security 
Departments are deposited into the Fund and are available to pay or 
reimburse certain costs and expenses related to seizures and forfeitures 
that occur pursuant to laws enforced by the bureaus and other expenses 
authorized by 31 U.S.C. 9703.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5697-0-2-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................         194         134         115
25.3  Other purchases of goods and 
        services from Government 
        accounts........................          66          78          71
41.0  Grants, subsidies, and 
        contributions...................          81          80          65
                                           ---------   ---------  ----------
99.9    Total new obligations...........         341         292         251
---------------------------------------------------------------------------

                                

                   Presidential Election Campaign Fund

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5081-0-2-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............                                   1
                                           ---------   ---------  ----------
01.99 Balance, start of year............                                   1
    Receipts:
02.60 Presidential election campaign 
        fund............................          53          56          56
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          53          56          57
    Appropriations:
05.00 Presidential election campaign 
        fund............................         -53         -55         -55
                                           ---------   ---------  ----------
07.99 Balance, end of year..............                       1           2
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5081-0-2-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Nominating conventions for parties                                  33
00.03 General Elections.................           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           1                      33
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          44          96         151
22.00 New budget authority (gross)......          53          55          55
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          97         151         206
23.95 Total new obligations.............          -1                     -33
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          96         151         173
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....          53          55          55
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............           1                      33
73.20 Total outlays (gross).............          -1                     -33
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from mandatory balances...           1                      33
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          53          55          55
90.00 Outlays...........................           1                      33
---------------------------------------------------------------------------

    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.

    In addition, provision is made for new parties, minor parties and 
non-major party candidates who may receive in excess of 5 percent of the 
popular vote and therefore, be entitled to a pro rata portion of the 
major party grant in the general election.

                                

                         Sallie Mae Assessments

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5407-0-2-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

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

[[Page 921]]


24.40   Unobligated balance carried 
          forward, end of year..........
----------------------------------------------------------------------------

    Change in obligated balances:
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..
----------------------------------------------------------------------------

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

    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 which terminated 
its status as a Government-Sponsored Enterprise. This action completed 
the transformation of Sallie Mae to a fully private corporation. 

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-5407-0-2-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................           3
---------------------------------------------------------------------------

                                

Public enterprise funds:

                       Exchange Stabilization Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4444-0-3-155      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............         711         854         871
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................         711         854         871
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year (Special 
        drawing rights).................      25,324      25,324      25,324
22.00 New budget authority (gross)......         711         854         871
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      26,035      26,178      26,195
23.95 Total new obligations.............        -711        -854        -871
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........      25,324      25,324      25,324
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............         711         854         871
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..      14,135      14,846      15,700
73.10 Total new obligations.............         711         854         871
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..      14,846      15,700      16,571
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on Federal securities        -323        -214        -218
88.40     Interest on foreign 
            investments.................        -388        -640        -653
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -711        -854        -871
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -711        -854        -871
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...      10,319      15,238      15,452
92.02 Total investments, end of year: 
        Federal securities: Par value...      15,238      15,452      15,452
---------------------------------------------------------------------------

    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 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 are earnings on 
investments held by the fund, including interest earned on fund holdings 
of U.S. Government securities.

    The amounts reflected in the 2006 and 2007 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, these estimates make no attempt to 
forecast gains or losses on SDR valuation or foreign currency valuation. 
As required by Public Law 95-612, the fund is not used to meet 
administrative expenses.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   20-4444-0-3-155

2004 actual

2005 actual

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

1102

Federal assets: Treasury securities, par

10,319

15,238

1201

Non-Federal assets: Foreign Currency Investments

23,568

19,256

1801

Other Federal assets: Cash and other monetary assets

8,903

8,392





1999

Total assets

42,790

42,886

    LIABILITIES:
2207

Non-Federal liabilities: Other

9,421

9,334





2999

Total liabilities

9,421

9,334

    NET POSITION:
3100

Appropriated capital

200

200

3300

Cumulative results of operations

33,169

33,352





3999

Total net position

33,369

33,552





4999

Total liabilities and net position

42,790

42,886

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

                                

Intragovernmental funds:

                          Working Capital Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4501-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.10 Working capital fund..............         206         245         245
09.11 Administrative overhead...........           9           8           8
                                           ---------   ---------  ----------
10.00   Total new obligations...........         215         253         253
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          39          46          38
22.00 New budget authority (gross)......         172         245         245
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          50
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         261         291         283
23.95 Total new obligations.............        -215        -253        -253
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          46          38          30
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............         172         245         245
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         142          98         106

[[Page 922]]

73.10 Total new obligations.............         215         253         253
73.20 Total outlays (gross).............        -209        -245        -245
73.45 Recoveries of prior year 
        obligations.....................         -50
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          98         106         114
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         143         233         233
86.98 Outlays from mandatory balances...          66          12          12
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         209         245         245
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -172        -245        -245
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          37
---------------------------------------------------------------------------

    Central services in the Department of the Treasury working capital 
fund include: telecommunications, printing, duplicating, graphics, 
computer support/usage, personnel/payroll, automated financial 
management systems, training, short-term management assistance, 
procurement, information technology services, equal employment 
opportunity services, and environmental health and safety 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................          19          21          21
12.1  Civilian personnel benefits.......           4           6           6
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...........          12          15          15
25.1  Advisory and assistance services..          17
25.2  Other services....................         101         186         186
25.3  Other purchases of goods and 
        services from Government 
        accounts........................          32           2           2
25.7  Operation and maintenance of 
        equipment.......................          23           3           3
26.0  Supplies and materials............           2           2           2
31.0  Equipment.........................           1          14          14
                                           ---------   ---------  ----------
99.9    Total new obligations...........         215         253         253
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4501-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         194         230         230
---------------------------------------------------------------------------

                                

                         Treasury Franchise Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Consolidated/Integrated 
        Administrative Management.......         767         777         870
09.02 Financial Management 
        Administrative Support Service..          73          81          90
09.03 Financial Systems, Consulting and 
        Training........................          16          13          13
                                           ---------   ---------  ----------
10.00   Total new obligations...........         856         871         973
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         346         252         394
22.00 New budget authority (gross)......         711         978       1,000
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          51          35          35
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,108       1,265       1,429
23.95 Total new obligations.............        -856        -871        -973
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         252         394         456
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).         753         880         983
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         -42          98          17
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         711         978       1,000
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..        -281        -168        -315
73.10 Total new obligations.............         856         871         973
73.20 Total outlays (gross).............        -734        -885        -983
73.45 Recoveries of prior year 
        obligations.....................         -51         -35         -35
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          42         -98         -17
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..        -168        -315        -377
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         489         675         690
86.93 Outlays from discretionary 
        balances........................         245         210         293
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         734         885         983
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -753        -880        -983
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          42         -98         -17
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -19           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 for government and financial administrative 
services through greater competition. The Treasury Franchise Fund (The 
Fund) was established by P.L. 104-208, made permanent by P.L. 108-447 
and codified as 31 U.S.C. 322, note.

    The Fund is a revolving fund that is used to supply financial and 
administrative services to various Treasury bureaus 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. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Reimbursable obligations:

        Personnel compensation:
11.1      Full-time permanent...........          41          56          63
11.5      Other personnel compensation..           2
                                           ---------   ---------  ----------
11.9        Total personnel compensation          43          56          63
12.1    Civilian personnel benefits.....          12          15          17
21.0    Travel and transportation of 
          persons.......................           1           2           2
23.1    Rental payments to GSA..........           2           2           3
23.3    Communications, utilities, and 
          miscellaneous charges.........           2           3           4
24.0    Printing and reproduction.......                       3           3
25.1    Advisory and assistance services          11          11          12

[[Page 923]]

25.2    Other services..................         750         735         821
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          21          24          27
25.7    Operation and maintenance of 
          equipment.....................           2           2           2
26.0    Supplies and materials..........           2           3           3
31.0    Equipment.......................           8          12          13
32.0    Land and structures.............           1           2           2
                                           ---------   ---------  ----------
99.0      Reimbursable obligations......         855         870         972
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........         856         871         973
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4560-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         686         762         820
---------------------------------------------------------------------------

                                

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), $2,750,000, to 
remain available until expended.] In fiscal year 2007, the Air 
Transportation Stabilization Board may charge fees to a borrower for the 
costs to the Air Transportation Stabilization Board 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. (Department of the Treasury Appropriations 
Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.07 Reestimates of guaranteed loan 
        subsidy.........................         327
00.08 Interest on reestimates of 
        guaranteed loan subsidy.........          10
00.09 Administrative expenses...........           4
                                           ---------   ---------  ----------
10.00   Total new obligations...........         341
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           1           4
22.00 New budget authority (gross)......         339           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         342           4           4
23.95 Total new obligations.............        -341
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           1           4           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

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

60.00   Appropriation...................         337
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         339           3
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           4           4           1
73.10 Total new obligations.............         341
73.20 Total outlays (gross).............        -341          -3
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           4           1           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           2           3
86.93 Outlays from discretionary 
        balances........................           2
86.97 Outlays from new mandatory 
        authority.......................         337
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         341           3
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         339           3
90.00 Outlays...........................         341           3
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
215001Airline loan guarantees...........
                                           ---------   ---------  ----------
215901Total loan guarantee levels.......
    Guaranteed loan subsidy (in percent):
232001Airline loan guarantees...........        0.00        0.00
                                           ---------   ---------  ----------
232901Weighted average subsidy rate.....        0.00        0.00
    Guaranteed loan subsidy budget authority:
233001Airline loan guarantees...........
                                           ---------   ---------  ----------
233901Total subsidy budget authority....
    Guaranteed loan subsidy outlays:
234001Airline loan guarantees...........
                                           ---------   ---------  ----------
234901Total subsidy outlays.............
    Guaranteed loan upward reestimate subsidy 
                budget authority:
235001Airline loan guarantees...........         337
                                           ---------   ---------  ----------
235901Total upward reestimate budget 
        authority.......................         337
    Guaranteed loan downward reestimate subsidy 
                budget authority:
237001Airline loan guarantees...........         -37        -115
                                           ---------   ---------  ----------
237901Total downward reestimate subsidy 
        budget authority................         -37        -115
----------------------------------------------------------------------------

    Administrative expense data:
351001Budget authority..................           2
358001Outlays from balances.............           3
359001Outlays from new authority........           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. The Board has 
met the requirements established under P.L. 107-42 and will terminate 
its activities in 2007.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................           1
41.0  Grants, subsidies, and 
        contributions...................         340
                                           ---------   ---------  ----------
99.9    Total new obligations...........         341
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0122-0-1-402      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................           3           6
---------------------------------------------------------------------------

                                

   Air Transportation Stabilization Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4286-0-3-402      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Claim payments....................         125           9           1
00.02 Interest payments to Treasury.....           2           2           1
00.03 Guarantee Fee Rebates.............                      13
00.04 Fee for Sale of Loan Assets.......                       5
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............         127          29           2
08.01 Payment of negative subsidy to 
        receipt account.................          42         538
08.02 Payment of downward reestimates to 
        receipt account.................          35         109
08.04 Payment of Interest on Downward 
        Reestimates to Receipt Account..           2           6
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............          79         653
                                           ---------   ---------  ----------
10.00   Total new obligations...........         206         682           2
----------------------------------------------------------------------------

[[Page 924]]



    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         386         698           6
22.00 New financing authority (gross)...         741          21          10
22.60 Portion applied to repay debt.....         -14         -31         -10
22.70 Balance of authority to borrow 
        withdrawn.......................        -209
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         904         688           6
23.95 Total new obligations.............        -206        -682          -2
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         698           6           4
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                       1
67.10   Authority to borrow.............         325           9
      Spending authority from offsetting 
          collections:

        Mandatory:
69.00     Offsetting collections--
            Federal.....................         349           1
69.00     Offsetting collections--Non-
            Federal.....................          67          11          10
69.27     Capital transfer to general 
            fund........................                      -1
                                           ---------   ---------  ----------
69.90       Spending authority from 
              offsetting collections 
              (total mandatory).........         416          11          10
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................         741          21          10
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............         206         682           2
73.20 Total financing disbursements 
        (gross).........................        -206        -682          -2
87.00 Total financing disbursements 
        (gross).........................         206         682           2
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Subsidy from program account..        -337
88.25     Interest on uninvested funds..         -12          -1
88.40     Non-Federal sources...........         -67         -11         -10
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -416         -12         -10
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         325           9
90.00 Financing disbursements...........        -210         670          -8
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4286-0-3-402      2005 actual   2006 est.   2007 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.........................       8,258       8,258       8,258
2143  Uncommitted limitation carried 
        forward.........................      -8,258      -8,258      -8,258
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       1,703         955          13
2231  Disbursements of new guaranteed 
        loans...........................
2251  Repayments and prepayments........        -160        -933          -6
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....        -125          -9
2264    Other adjustments, net..........        -463
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         955          13           7
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         856          12           6
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......                     125           9
2331    Disbursements for guaranteed 
          loan claims...................         125           9
2351    Repayments of loans receivable..                     -23          -9
2361    Write-offs of loans receivable..                    -102
                                           ---------   ---------  ----------
2390      Outstanding, end of year......         125           9
---------------------------------------------------------------------------

    The Board will terminate its activities in 2007.

    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

2004 actual

2005 actual

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

Federal assets: Fund balances with Treasury

562

698

      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501

Defaulted guaranteed loans receivable, gross



125

1505

Allowance for subsidy cost (-)



-100





1599

Net present value of assets related to defaulted guaranteed loans



25





1999

Total assets

562

723

    LIABILITIES:
      Federal liabilities:

2103

Principal Payable to Bureau of Public Debt



53

2104

Payable to Treasury for FY 2005 Downward Reestimates



117

2204

Non-Federal liabilities: Liabilities for loan guarantees

562

553





2999

Total liabilities

562

723





4999

Total liabilities and net position

562

723

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

                                

    Community Development Financial Institutions Fund Program Account

    To carry out the Community Development Banking and Financial 
Institutions Act of 1994 (Public Law 103-325), 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, [$55,000,000, to 
remain available until September 30, 2007, 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 
in community development banking and lending in Indian country, Native 
American organizations, tribes and tribal organizations and other 
suitable providers, and up to $13,500,000 may] $7,821,000, 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. (Department of the Treasury Appropriations Act, 
2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loan subsidy...............           2           3
00.05 Upward Reestimate of Credit 
        Subsidy.........................           1
00.09 General administrative expenses...          13          16           8
00.11 Bank enterprise awards program....          10          12
00.12 Financial Assistance..............          28          21
00.13 Technical Assistance..............           2           3

[[Page 925]]

00.14 Native American/Hawaiian Program..           4           4
                                           ---------   ---------  ----------
10.00   Total new obligations...........          60          59           8
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           4
22.00 New budget authority (gross)......          60          54           8
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          64          59           8
23.95 Total new obligations.............         -60         -59          -8
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          56          55           8
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          56          54           8
      Mandatory:

60.00   Appropriation...................           1
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           3
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          60          54           8
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          92          65          62
73.10 Total new obligations.............          60          59           8
73.20 Total outlays (gross).............         -84         -61         -33
73.40 Adjustments in expired accounts 
        (net)...........................          -2
73.45 Recoveries of prior year 
        obligations.....................          -1          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          65          62          37
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          18           6           1
86.93 Outlays from discretionary 
        balances........................          65          55          32
86.97 Outlays from new mandatory 
        authority.......................           1
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          84          61          33
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

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

    Net budget authority and outlays:
89.00 Budget authority..................          57          54           8
90.00 Outlays...........................          80          61          33
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           7           7
                                           ---------   ---------  ----------
115901Total direct loan levels..........           7           7
    Direct loan subsidy (in percent):
132001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................       36.52       37.47
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....       36.52       37.47
    Direct loan subsidy budget authority:
133001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           2           3
                                           ---------   ---------  ----------
133901Total subsidy budget authority....           2           3
    Direct loan subsidy outlays:
134001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           2           3
                                           ---------   ---------  ----------
134901Total subsidy outlays.............           2           3
    Direct loan upward reestimate subsidy budget 
                authority:
135001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................           1
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................           1
    Direct loan downward reestimate subsidy budget 
                authority:
137001Community Development Financial 
        Institutions Program Financial 
        Assistance Component- Direct 
        Loans...........................          -1          -2
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................          -1          -2
---------------------------------------------------------------------------

    The 2007 Budget proposes to consolidate the Community Development 
Financial Institutions (CDFI) program into the Strengthening America's 
Communities Initiative, a new economic and community development 
strategy to be implemented by the Department of Commerce and the 
Department of Housing and Urban Development. The new initiative 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           5           5           2
12.1  Civilian personnel benefits.......           1           1
23.1  Rental payments to GSA............           1           1
25.2  Other services....................           6           9           6
41.0  Grants, subsidies, and 
        contributions...................          47          43
                                           ---------   ---------  ----------
99.9    Total new obligations...........          60          59           8
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1881-0-1-451      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................          50          68          35
---------------------------------------------------------------------------

                                

Community Development Financial Institutions Fund Direct Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4088-0-3-451      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................           7           7
00.02 Interest paid to Treasury.........           3           3
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............          10          10
08.02 Downward Reestimate--Credit 
        Subsidy.........................           1           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          11          12
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New financing authority (gross)...          13          15           3
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.60 Portion applied to repay debt.....          -3          -3          -3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          11          12
23.95 Total new obligations.............         -11         -12
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............           6           8
      Mandatory:

69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           7           7           3
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................          13          15           3
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           6           5           5

[[Page 926]]

73.10 Total new obligations.............          11          12
73.20 Total financing disbursements 
        (gross).........................         -11         -12          -5
73.45 Recoveries of prior year 
        obligations.....................          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           5           5
87.00 Total financing disbursements 
        (gross).........................          11          12           5
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          -1          -1
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............           6           8
90.00 Financing disbursements...........           4           6           2
---------------------------------------------------------------------------

    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          11          11
1142  Unobligated direct loan limitation 
        (-).............................          -4          -4
                                           ---------   ---------  ----------
1150    Total direct loan obligations...           7           7
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          56          62          68
1231  Disbursements: Direct loan 
        disbursements...................           8           7
1251  Repayments: Repayments and 
        prepayments.....................          -2          -1          -1
1263  Write-offs for default: Direct 
        loans...........................
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          62          68          67
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

1401

Direct loans receivable, gross

56

62

1405

Allowance for subsidy cost (-)

-20

-22





1499

Net present value of assets related to direct loans

36

40





1999

Total assets

36

40

    LIABILITIES:
2103

Federal liabilities: Debt

36

40





2999

Total liabilities

36

40





4999

Total liabilities and net position

36

40

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

                                

  

                               Trust Funds

                     Violent Crime Reduction Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8526-0-1-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    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......
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

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

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           1
73.20 Total outlays (gross).............          -1          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           1           1
----------------------------------------------------------------------------

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

    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. This schedule reflects the only remaining 
balances in the account.

                                

                              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 and training expenses 
of non-Federal [law enforcement] and foreign government personnel to 
attend meetings and training concerned with domestic and foreign 
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, [$73,630,000] $89,794,000, of 
which not to exceed [$6,944,000] $19,740,000 shall remain available 
until September 30, [2008] 2009; and of which [$8,521,000] $8,651,000 
shall remain available until September 30, [2007] 2008: Provided, That 
funds appropriated in this account may be used to procure personal 
services contracts. (Department of the Treasury Appropriations Act, 
2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 BSA administration and Analysis...          68          64          81
00.02 Regulatory support programs, 
        including money services 
        businesses......................           7           9           9
09.01 Reimbursable program..............           1           3           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          76          76          92
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          11           7           9
22.00 New budget authority (gross)......          73          78          92
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          84          85         101
23.95 Total new obligations.............         -76         -76         -92
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           7           9           9
----------------------------------------------------------------------------

[[Page 927]]



    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          73          74          90
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -1
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          72          73          90
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           1           5           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          73          78          92
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          10          22          20
73.10 Total new obligations.............          76          76          92
73.20 Total outlays (gross).............         -66         -78         -88
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          22          20          24
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          55          60          70
86.93 Outlays from discretionary 
        balances........................          11          18          18
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          66          78          88
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -3          -5          -2
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          72          73          90
90.00 Outlays...........................          62          73          86
---------------------------------------------------------------------------

    The mission of the Financial Crimes Enforcement Network (FinCEN) is 
to safeguard the U.S. financial system from the abuses of financial 
crime, including terrorist financing and money laundering. FinCEN 
promulgates regulations, provides outreach and guidance to regulated 
industries, initiates regulatory enforcement actions, and, with the IRS, 
manages the information on financial transactions, filed pursuant to the 
Bank Secrecy Act (BSA). FinCEN supports law enforcement by providing 
investigative case research, facilitating the exchange of information 
with foreign jurisdictions, and identifying foreign and domestic money 
laundering and terrorist financing trends and patterns. FinCEN works 
with the IRS and financial regulators to assure BSA compliance, respond 
to public inquiries, and specifically work with new industries that must 
comply with BSA requirements. Internationally, FinCEN promotes the 
development of anti-money laundering regimes through training and 
technical assistance.

    A PART analysis found FinCEN's BSA data collection, retrieval, and 
sharing activities to be efficient and that FinCEN was working to 
continuously improve these processes. The Budget provides additional 
resources to FinCEN to streamline data processing and enhance its e-
filing capabilities to increase the ease of compliance with regulations 
and improve FinCEN's ability to track users' needs. FinCEN is also 
working to address the PART's conclusions that there should be better 
measures of the quality of the data collected. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          23          27          29
11.5      Other personnel compensation..           1           1           1
                                           ---------   ---------  ----------
11.9        Total personnel compensation          24          28          30
12.1    Civilian personnel benefits.....           6           7           8
21.0    Travel and transportation of 
          persons.......................           1           1           2
23.1    Rental payments to GSA..........           2           5           5
23.3    Communications, utilities, and 
          miscellaneous charges.........           1           1           1
25.1    Advisory and assistance services           2           1           1
25.2    Other services..................          12           9          20
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          13          10          10
25.4    Operation and maintenance of 
          facilities....................                       1           1
25.7    Operation and maintenance of 
          equipment.....................           3           6           6
31.0    Equipment.......................          11           4           6
                                           ---------   ---------  ----------
99.0      Direct obligations............          75          73          90
99.0  Reimbursable obligations..........           1           3           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........          76          76          92
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0173-0-1-751      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................         267         330         352
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................           1           1           1
---------------------------------------------------------------------------

                                


 
                      FINANCIAL MANAGEMENT SERVICE

                              Federal Funds

General and special funds:

                          Salaries and Expenses

    For necessary expenses of the Financial Management Service, 
[$236,243,000] $233,654,000, of which not to exceed $9,220,000 shall 
remain available until September 30, [2008] 2009, for information 
systems modernization initiatives; and of which not to exceed $2,500 
shall be available for official reception and representation expenses. 
(Department of the Treasury Appropriations Act, 2006.)

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............                                  10
                                           ---------   ---------  ----------
01.99 Balance, start of year............                                  10
    Receipts:
02.20 Debt collection...................          49          50          50
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          49          50          60
    Appropriations:
05.00 Salaries and expenses.............         -49         -40         -60
                                           ---------   ---------  ----------
07.99 Balance, end of year..............                      10
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.05 Payments..........................         137         144         147
00.06 Collections.......................          16          17          17
00.07 Debt collection...................          65          50          66
00.08 Government-wide accounting and 
        reporting.......................          65          63          64
09.01 Reimbursable program..............         129         128         135
                                           ---------   ---------  ----------
10.00   Total new obligations...........         412         402         429
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          29          24          23
22.00 New budget authority (gross)......         407         401         429
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         437         425         452
23.95 Total new obligations.............        -412        -402        -429
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          24          23          23
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         231         236         234
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -2
40.35   Appropriation permanently 
          reduced.......................          -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         229         234         234

[[Page 928]]

      Mandatory:

60.20   Appropriation (special fund)....          49          40          60
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).         110         127         135
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          19
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         129         127         135
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         407         401         429
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          62          49          60
73.10 Total new obligations.............         412         402         429
73.20 Total outlays (gross).............        -423        -391        -428
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).....................         -19
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................          19
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          49          60          61
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         309         328         336
86.93 Outlays from discretionary 
        balances........................          63          23          32
86.97 Outlays from new mandatory 
        authority.......................          22          21          41
86.98 Outlays from mandatory balances...          29          19          19
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         423         391         428
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -131        -127        -135
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................         -19
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          21
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         278         274         294
90.00 Outlays...........................         293         264         293
---------------------------------------------------------------------------

    For the 2007 Budget, the Financial Management Service will focus its 
efforts on the following four areas:

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

                           WORKLOAD STATISTICS

                               (Thousands)

                                     2005 actual  2006 est.   2007 est.
1. Number of check claims 
submitted.....................          1,385          1,300           1,200
2. Number of check payments...        227,642        211,186         208,244
3. Number of electronic 
payments......................        724,996        748,749         783,396

    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. Last year, the Collections activity received an ``effective'' 
PART rating.

    3. Debt Collection.--FMS provides debt collection operational 
services to client agencies which include collection of delinquent 
accounts, offsets of Federal payments against debts owed the Government, 
post-judgment enforcement, consolidation of information reported to 
credit bureaus, reporting for discharged debts or vendor payments, and 
disposition of foreclosed property. The Debt Collection activity 
received an ``effective'' PART rating in 2005.

    As a result of the PART analysis, the 2005 Budget 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 were 
reproposed in the 2006 Budget and are proposed again in the 2007 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 $546,000 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 
($546,000 and $446,000, respectively) and responsibilities for improving 
government accounting standards as the two Executive Branch sponsors of 
FASAB. The Financial Management Service (FMS) will forward a payment of 
$992,000 to the FASAB. This single payment will streamline the payment 
and budget process by consolidating the Executive Branch's contribution 
to FASAB.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         131         132         136
11.3      Other than full-time permanent           3           3           4
11.5      Other personnel compensation..           4           4           5
                                           ---------   ---------  ----------
11.9        Total personnel compensation         138         139         145
12.1    Civilian personnel benefits.....          33          33          35
21.0    Travel and transportation of 
          persons.......................           2           2           2
23.1    Rental payments to GSA..........          17          16          17
23.2    Rental payments to others.......           1
23.3    Communications, utilities, and 
          miscellaneous charges.........          13          13          14
24.0    Printing and reproduction.......           1           1           1
25.1    Advisory and assistance services          11          10          12
25.2    Other services..................          22          23          24
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           7           6           8
25.4    Operation and maintenance of 
          facilities....................           1           1           1
25.7    Operation and maintenance of 
          equipment.....................          14          13          15
26.0    Supplies and materials..........           5           4           5
31.0    Equipment.......................          16          13          15
32.0    Land and structures.............           1
                                           ---------   ---------  ----------
99.0      Direct obligations............         282         274         294
99.0  Reimbursable obligations..........         129         128         135

[[Page 929]]

99.5  Below reporting threshold.........           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........         412         402         429
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1801-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................       1,896       2,044       2,044
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         105          94          87
---------------------------------------------------------------------------

                                

                Payment to Justice, FIRREA Related Claims

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0177-0-1-752      2005 actual   2006 est.   2007 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 Federal Savings and Loan Insurance Corporation 
(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 the Financial Institutions Reform, 
Recovery, and Enforcement Act of 1989 and its implementation.

                                

              Payment to the Resolution Funding Corporation

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1851-0-1-908      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on REFCORP obligations...       2,130       2,104       2,140
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       2,130       2,104       2,140
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       2,130       2,104       2,140
23.95 Total new obligations.............      -2,130      -2,104      -2,140
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       2,130       2,104       2,140
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............       2,130       2,104       2,140
73.20 Total outlays (gross).............      -2,130      -2,104      -2,140
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       2,130       2,104       2,140
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       2,130       2,104       2,140
90.00 Outlays...........................       2,130       2,104       2,140
---------------------------------------------------------------------------

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

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

                                

     Payment to Terrestrial Wildlife Habitat Restoration Trust Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1738-0-1-306      2005 actual   2006 est.   2007 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. At the end of FY 
2005, $37 million in total had been deposited.

                                

                 Federal Reserve Bank Reimbursement Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1884-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Federal Reserve Bank services.....         239         239         245
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................         239         239         245
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                      19
22.00 New budget authority (gross)......         258         220         245
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         258         239         245
23.95 Total new obligations.............        -239        -239        -245
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          19
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................         258         220         245
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          48          58          52
73.10 Total new obligations.............         239         239         245
73.20 Total outlays (gross).............        -229        -245        -245
                                           ---------   ---------  ----------

[[Page 930]]


74.40   Obligated balance, end of year..          58          52          52
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         229         168         193
86.98 Outlays from mandatory balances...                      77          52
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         229         245         245
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         258         220         245
90.00 Outlays...........................         229         245         245
---------------------------------------------------------------------------

    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Financial agent services..........         343         360         311
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.1)...................         343         360         311
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          16          38
22.00 New budget authority (gross)......         365         322         311
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         381         360         311
23.95 Total new obligations.............        -343        -360        -311
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          38
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................         365         322         311
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          37           2
73.10 Total new obligations.............         343         360         311
73.20 Total outlays (gross).............        -378        -362        -311
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         362         322         311
86.98 Outlays from mandatory balances...          16          40
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         378         362         311
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         365         322         311
90.00 Outlays...........................         378         362         311
---------------------------------------------------------------------------

    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.''

                                

                      Interest on Uninvested Funds

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1860-0-1-908      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest of uninvested funds......           7           8           8
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................           7           8           8
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           7           8           8
23.95 Total new obligations.............          -7          -8          -8
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           7           8           8
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          20          19          19
73.10 Total new obligations.............           7           8           8
73.20 Total outlays (gross).............          -8          -8          -8
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          19          19          19
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       8           8
86.98 Outlays from mandatory balances...           8
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           8           8           8
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           7           8           8
90.00 Outlays...........................           8           8           8
---------------------------------------------------------------------------

    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Federal interest liabilities to 
        States..........................                       1           2
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................                       1           2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                       1           2
23.95 Total new obligations.............                      -1          -2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                       1           2
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                       1           2
73.20 Total outlays (gross).............                      -1          -2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       1           2
----------------------------------------------------------------------------

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

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

[[Page 931]]

                                

               Interest Paid to Credit Financing Accounts

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1880-0-1-908      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest paid to credit financing 
        accounts........................       4,420       4,610       4,968
                                           ---------   ---------  ----------
10.00   Total new obligations...........       4,420       4,610       4,968
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       4,420       4,610       4,968
23.95 Total new obligations.............      -4,420      -4,610      -4,968
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       4,418       4,610       4,968
      Mandatory:

69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,420       4,610       4,968
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          11
73.10 Total new obligations.............       4,420       4,610       4,968
73.20 Total outlays (gross).............      -4,431      -4,610      -4,968
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       4,420       4,610       4,968
86.98 Outlays from mandatory balances...          11
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       4,431       4,610       4,968
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

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

    Net budget authority and outlays:
89.00 Budget authority..................       4,418       4,610       4,968
90.00 Outlays...........................       4,429       4,610       4,968
---------------------------------------------------------------------------

    This account pays interest on the invested balances of guaranteed 
and direct loan financing accounts. For guaranteed loan financing 
accounts, balances result when the accounts receive up-front payments 
and fees to be held in reserve to make payments on defaults. Direct loan 
financing accounts normally borrow from Treasury to disburse loans and 
receive interest and principal payments and other payments from 
borrowers. Because direct loan financing accounts generally repay 
borrowing from Treasury at the end of the year, they can build up 
balances of payments received during the year. Interest on invested 
balances is paid to the financing accounts from the general fund of the 
Treasury, in accordance with section 505(c) of the Federal Credit Reform 
Act of 1990.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1880-0-1-908      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
43.0  Direct obligations: Interest and 
        dividends.......................       4,418       4,610       4,968
99.0  Reimbursable obligations: 
        Reimbursable obligations........           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........       4,420       4,610       4,968
---------------------------------------------------------------------------

                                

                   Claims, Judgments, and Relief Acts

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1895-0-1-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Claims adjudicated administratively:

00.01   Claims for damages..............           2           2           3
00.03   Claims for contract disputes....         187         153         129
                                           ---------   ---------  ----------
00.91   Total claims adjudicated 
          administratively..............         189         155         132
      Court judgments:

01.01   Judgments, Court of Claims......         199         200         202
01.02   Judgments, U.S. courts..........         588         549         539
                                           ---------   ---------  ----------
01.91     Total court judgments.........         787         749         741
                                           ---------   ---------  ----------
10.00   Total new obligations...........         976         904         873
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         975         904         873
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.75 Balance of contract authority 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         975         904         873
23.95 Total new obligations.............        -976        -904        -873
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................         973         904         873
      Mandatory:

69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         975         904         873
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         117          16          16
73.10 Total new obligations.............         976         904         873
73.20 Total outlays (gross).............      -1,076        -904        -873
73.45 Recoveries of prior year 
        obligations.....................          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          16          16          16
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         975         904         873
86.98 Outlays from mandatory balances...         101
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,076         904         873
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         973         904         873
90.00 Outlays...........................       1,074         904         873
---------------------------------------------------------------------------

    Appropriations are made for cases in which the Federal Government is 
found by courts to be liable 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
42.0  Direct obligations: Insurance 
        claims and indemnities..........         974         904         873
99.0  Reimbursable obligations: 
        Reimbursable obligations........           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........         976         904         873
---------------------------------------------------------------------------

                                

                   Payment of Anti-Terrorism Judgments

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1811-0-1-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................           1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
23.95 Total new obligations.............          -1
                                           ---------   ---------  ----------

[[Page 932]]


24.40   Unobligated balance carried 
          forward, end of year..........
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............           1
----------------------------------------------------------------------------

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

    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      2005 actual   2006 est.   2007 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.

                                

                       Biomass Energy Development

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0114-0-1-271      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          24          24
22.40 Capital transfer to general fund..                     -24
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          24
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          24
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).           1           8           5
68.27     Capital transfer to general 
            fund........................          -1          -8          -5
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....
----------------------------------------------------------------------------

    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:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -1          -8          -5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          -1          -8          -5
90.00 Outlays...........................          -1          -8          -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.

                                

                  Continued Dumping and Subsidy Offset

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5688-0-2-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............         293         293       1,972
                                           ---------   ---------  ----------
01.99 Balance, start of year............         293         293       1,972
    Receipts:
02.60 Antidumping and countervailing 
        duties, Continued dumping and 
        subsidy offset..................         237       1,928       1,941
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         530       2,221       3,913
    Appropriations:
05.00 Continued dumping and subsidy 
        offset (receipts)...............        -237      -1,928      -1,941
05.01 Continued dumping and subsidy 
        offset (previously unavailable).        -249        -249      -1,928
05.02 Continued dumping and subsidy 
        offset (portion precluded from 
        obligation).....................         249       1,928       1,941
                                           ---------   ---------  ----------
05.99   Total appropriations............        -237        -249      -1,928
                                           ---------   ---------  ----------
07.99 Balance, end of year..............         293       1,972       1,985
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5688-0-2-376      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Continued dumping and subsidy 
        offset..........................         296         249       1,928
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         296         249       1,928
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         376         317         317
22.00 New budget authority (gross)......         237         249       1,928
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         613         566       2,245
23.95 Total new obligations.............        -296        -249      -1,928
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         317         317         317
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         237       1,928       1,941
60.28   Appropriation (previously 
          unavailable)..................         249         249       1,928

[[Page 933]]

60.45   Portion precluded from 
          obligation....................        -249      -1,928      -1,941
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................         237         249       1,928
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............         296         249       1,928
73.20 Total outlays (gross).............        -296        -249      -1,928
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                     249       1,928
86.98 Outlays from mandatory balances...         296
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         296         249       1,928
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         237         249       1,928
90.00 Outlays...........................         296         249       1,928
---------------------------------------------------------------------------

    The Bureau of Customs and Border Protection, Department of Homeland 
Security, 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 subsidy to producers that already gain protection 
from the increased import prices provided by the tariffs. The 
Administration has proposed repeal of the provision since the 2004 
Budget. The provision would be repealed beginning in 2008 by the Deficit 
Reduction Act.

                                

Public enterprise revolving fund:

                      Check Forgery Insurance Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4109-0-3-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............          19          19          19
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................          19          19          19
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7           6           5
22.00 New budget authority (gross)......          18          18          18
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          25          24          23
23.95 Total new obligations.............         -19         -19         -19
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           6           5           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                       3           3
      Mandatory:

69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).          18          15          15
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          18          18          18
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..                                   1
73.10 Total new obligations.............          19          19          19
73.20 Total outlays (gross).............         -19         -18         -18
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..                       1           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          12          18          18
86.98 Outlays from mandatory balances...           7
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          19          18          18
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....         -18         -15         -15
----------------------------------------------------------------------------

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

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

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

    P.L. 108-447 expanded the use of the fund to include payments made 
via electronic funds transfer (EFT). The Budget proposes a technical 
correction to the Fund's statutes to ensure and clarify that the Fund 
can be utilized as a funding source for relief of administrative 
disbursing errors.

                                

  

                               Trust Funds

  Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration 
                               Trust Fund

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8209-0-7-306      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............          31          37          43
                                           ---------   ---------  ----------
01.99 Balance, start of year............          31          37          43
    Receipts:
02.00 General fund payments, Lower Brule 
        Sioux Tribe terrestrial wildlife 
        habitat restoration trust fund..           1           1           1
02.01 General fund payments, Cheyenne 
        River Sioux Tribe terrestrial 
        wildlife habitat restoration 
        trust fund......................           4           4           4
02.02 Earnings on investments, Cheyenne 
        River Sioux Tribe terrestrial 
        wildlife habitat restoration 
        trust fund......................           1           1           1
                                           ---------   ---------  ----------
02.99   Total receipts and collections..           6           6           6
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...          37          43          49
    Appropriations:
05.00 Cheyenne River Sioux Tribe 
        terrestrial wildlife habitat 
        restoration trust fund..........          -5          -5          -5
05.01 Cheyenne River Sioux Tribe 
        terrestrial wildlife habitat 
        restoration trust fund..........           5           5           5
                                           ---------   ---------  ----------
05.99   Total appropriations............
                                           ---------   ---------  ----------
07.99 Balance, end of year..............          37          43          49
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8209-0-7-306      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.26   Appropriation (trust fund)......           5           5           5
60.45   Portion precluded from 
          obligation....................          -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...          32          38          43
92.02 Total investments, end of year: 
        Federal securities: Par value...          38          43          48
---------------------------------------------------------------------------

    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.

[[Page 934]]

                                


 
                    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Administrative expenses...........           3           4           4
09.02 Interest on borrowings from 
        Treasury........................         551         393         786
09.03 Interest on borrowings from civil 
        service retirement and 
        disability fund.................         405         651         651
                                           ---------   ---------  ----------
10.00   Total new obligations...........         959       1,048       1,441
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         450         363         925
22.00 New budget authority (gross)......       1,322       1,905       1,995
22.60 Portion applied to repay debt.....        -450        -295        -144
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,322       1,973       2,776
23.95 Total new obligations.............        -959      -1,048      -1,441
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         363         925       1,335
----------------------------------------------------------------------------

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

        Mandatory:
69.00     Offsetting collections (cash).       1,776       1,905       1,995
69.47     Portion applied to repay debt.        -454
                                           ---------   ---------  ----------
69.90       Spending authority from 
              offsetting collections 
              (total mandatory).........       1,322       1,905       1,995
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............         959       1,048       1,441
73.20 Total outlays (gross).............        -959      -1,048      -1,441
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         959       1,048       1,441
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........      -1,776      -1,905      -1,995
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................        -454
90.00 Outlays...........................        -816        -857        -554
---------------------------------------------------------------------------

    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. For example, during 
2005, as a result of this provision, the FFB received $244 million less 
than it was entitled to receive. This provision, however, does not 
reduce the amount of interest the FFB owes on its corresponding loans 
from Treasury. A change in the method of accounting for these losses, 
together with net income of $556 million, resulted in an increase in the 
net position of the FFB to $1.2 billion for 2005.

    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 
borrowing 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 
extinguished $14 billion in securities that Treasury had issued to 
Government accounts (the CSRDF). An equivalent amount of the FFB's own 
debt to Treasury was reduced. 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)

                                     2005 actual  2006 est.   2007 est.
A. Department of Agriculture:
  1. Rural housing loans:
    Lending, net....................        -680
    Loans outstanding...............
  2. Rural development loans:
    Lending, net....................        -200
    Loans outstanding...............
  3. Rural Utilities Service:
    Lending, net....................       1,575         627         765
    Loans outstanding...............      22,806      23,433      24,198
B. Department of Defense:
  1. Defense working capital funds:
    Lending, net....................        -123        -111        -107
    Loans outstanding...............         376         265         158
C. Department of Education:
  1. Historically black colleges and 
    universities:
    Lending, net....................           8          51          37
    Loans outstanding...............         126         177         214
D. Department of Housing and Urban 
    Development:
  1. Section 108 guaranteed loans:
    Lending, net....................           *           *
    Loans outstanding...............           *
  2. Low-rent public housing:
    Lending, net....................         -83         -88         -93
    Loans outstanding...............         972         884         791
E. Department of the Interior:
  1. Territory of the Virgin 
    Islands:
    Lending, net....................          -2          -2          -3
    Loans outstanding...............           6           4           1

[[Page 935]]

F. Department of Transportation:
  1. Railroad Revitalization and 
    Regulatory Reform Act:
    Lending, net....................           *          -1           *
    Loans outstanding...............           3           2           2
G. Department of Veterans Affairs:
  1. Native American and 
    transitional housing:
    Lending, net....................                       2
    Loans outstanding...............                       2           2
H. General Services Administration:
  1. Federal buildings fund:
    Lending, net....................           2          19         -41
    Loans outstanding...............       2,144       2,163       2,122
I. International Assistance 
    Programs:
  1. Foreign military sales credit:
    Lending, net....................        -220        -221        -188
    Loans outstanding...............       1,244       1,023         835
J. Small Business Administration:
  1. Section 503 guaranteed loans:
    Lending, net....................         -17         -15         -12
    Loans outstanding...............          40          25          13
K. Postal Service:
  Lending, net......................      -1,800       1,500       3,000
  Loans outstanding.................                   1,500       4,500
                                    ====================================
Total lending:
  Lending, net......................      -1,541       1,761       3,358
  Loans outstanding.................      27,716      29,476      32,834
                                    ====================================
    * $500,000 or less.

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

450

361

        Investments in US securities:
1104

Agency securities, par

28,712

27,774

1106

Receivables, net

249

183





1999

Total assets

29,411

28,318

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

89

197

2103

Borrowing from Treasury

29,323

12,426

2103

Borrowing from Civil Service Retirement & Disability Fund



14,000

2105

Unamortized Premium



474





2999

Total liabilities

29,412

27,097

    NET POSITION:
3300

Cumulative results of operations

-1

1,221





3999

Total net position

-1

1,221





4999

Total liabilities and net position

29,411

28,318

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4521-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................           3           4           4
43.0  Interest and dividends............         956       1,044       1,437
                                           ---------   ---------  ----------
99.9    Total new obligations...........         959       1,048       1,441
---------------------------------------------------------------------------

                                


 
                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, 
[$91,126,000] $63,964,000; 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. (Department of the Treasury Appropriations 
Act, 2006.)

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
                                           ---------   ---------  ----------
01.99 Balance, start of year............
    Receipts:
02.20 User fees, Alcohol and Tobacco Tax 
        and Trade Bureau--legislative 
        proposal subject to PAYGO.......                                  29
    Appropriations:
05.00 Salaries and expenses--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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Protect the Public................          43          46          19
00.02 Collect revenue...................          40          44          45
                                           ---------   ---------  ----------
01.92   Total direct program............          83          90          64
09.01 Reimbursable program..............           1           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........          84          92          66
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          83          92          66
22.30 Expired unobligated balance 
        transfer to unexpired account...           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          84          92          66
23.95 Total new obligations.............         -84         -92         -66
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          83          91          64
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -1
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          82          90          64
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           1           2           2
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          83          92          66
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          24          20          23
73.10 Total new obligations.............          84          92          66
73.20 Total outlays (gross).............         -87         -89         -70
73.40 Adjustments in expired accounts 
        (net)...........................          -1
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          20          23          19
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          71          77          55
86.93 Outlays from discretionary 
        balances........................          16          12          15
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          87          89          70
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Other Federal sources.........          -1                      -2
88.40     Non-Federal Sources...........          -1          -2
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -2          -2          -2
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          82          90          64
90.00 Outlays...........................          84          87          68
---------------------------------------------------------------------------

    The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces the 
Federal laws and regulations relating to alcohol and tobacco by working 
directly and in cooperation with oth

[[Page 936]]

ers 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.

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2005 actual  2006 est.   2007 est.
Enacted/requested:
  Budget Authority............             82             90              64
  Outlays.....................             85             87              68
Legislative proposal, not subject to 
    PAYGO:
  Budget Authority............                                            29
  Outlays.....................                                            21
                                    ------------------------------------
Total:
  Budget Authority............             82             90              93
  Outlays.....................             85             87              89
                                    ====================================

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          36          40          28
11.5      Other personnel compensation..           1
                                           ---------   ---------  ----------
11.9        Total personnel compensation          37          40          28
12.1    Civilian personnel benefits.....          10          11           8
21.0    Travel and transportation of 
          persons.......................           3           3           3
23.1    Rental payments to GSA..........           4           5           3
23.3    Communications, utilities, and 
          miscellaneous charges.........           2           5           3
25.1    Advisory and assistance services           6
25.2    Other services..................           4          23          17
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          10
25.4    Operation and maintenance of 
          facilities....................           1
25.7    Operation and maintenance of 
          equipment.....................           1
26.0    Supplies and materials..........           1           1           1
31.0    Equipment.......................           4           2           1
                                           ---------   ---------  ----------
99.0      Direct obligations............          83          90          64
99.0  Reimbursable obligations..........           1           2           2
                                           ---------   ---------  ----------
99.9    Total new obligations...........          84          92          66
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1008-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................         510         544         376
    Reimbursable:
2001  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 2007 
appropriation 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      2005 actual   2006 est.   2007 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:
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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................                                  13
12.1  Civilian personnel benefits.......                                   3
21.0  Travel and transportation of 
        persons.........................                                   1
23.1  Rental payments to GSA............                                   2
23.3  Communications, utilities, and 
        miscellaneous charges...........                                   2
25.2  Other services....................                                   7
26.0  Supplies and materials............                                   1
                                           ---------   ---------  ----------
99.9    Total new obligations...........                                  29
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-1008-2-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................                                 168
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................
---------------------------------------------------------------------------

                                

              Internal Revenue Collections for Puerto Rico

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5737-0-2-806      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
                                           ---------   ---------  ----------
01.99 Balance, start of year............
    Receipts:
02.60 Deposits, Internal revenue 
        collections for Puerto Rico.....         421         372         362
02.61 Deposits, Internal revenue 
        collections for Puerto Rico--
        legislative proposal subject to 
        PAYGO...........................                      69          95
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         421         441         457
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         421         441         457
    Appropriations:
05.00 Internal revenue collections for 
        Puerto Rico.....................        -421        -372        -362
05.01 Internal revenue collections for 
        Puerto Rico--legislative 
        proposal subject to PAYGO.......                     -69         -95
                                           ---------   ---------  ----------
05.99   Total appropriations............        -421        -441        -457
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

[[Page 937]]



               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5737-0-2-806      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Internal revenue collections for 
        Puerto Rico.....................         421         372         362
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         421         372         362
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         421         372         362
23.95 Total new obligations.............        -421        -372        -362
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....         421         372         362
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............         421         372         362
73.20 Total outlays (gross).............        -421        -372        -362
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         421         372         362
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         421         372         362
90.00 Outlays...........................         421         372         362
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2005 actual  2006 est.   2007 est.
Enacted/requested:
  Budget Authority............            421            372             362
  Outlays.....................            421            372             362
Legislative proposal, subject to 
    PAYGO:
  Budget Authority............                            69              95
  Outlays.....................                            69              95
                                    ------------------------------------
Total:
  Budget Authority............            421            441             457
  Outlays.....................            421            441             457
                                    ====================================

    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Internal revenue collections for 
        Puerto Rico.....................                      69          95
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                      69          95
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                      69          95
23.95 Total new obligations.............                     -69         -95
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....                      69          95
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                      69          95
73.20 Total outlays (gross).............                     -69         -95
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                      69          95
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                      69          95
90.00 Outlays...........................                      69          95
---------------------------------------------------------------------------

    Excise taxes are 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 and on rum coming into the 
United States from Puerto Rico or the Virgin Islands. These excise tax 
collections less estimated refunds, drawbacks and certain administrative 
expenses are transferred (covered over) to Puerto Rico and the Virgin 
Islands under a permanent provision at the lesser of a rate of $10.50 
per proof gallon or the current rate of tax imposed on a proof gallon. 
The Budget proposes to extend a temporary cover-over rate of $13.25 a 
proof gallon through December 31, 2007.

                                


 
                    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Currency program..................         442         440         500
09.02 Postage program...................          17
09.03 Other programs....................          10           6           6
09.11 Purchase of operating equipment...           3          50          35
09.12 Plant alterations and experimental 
        equipment.......................          20          10          15
                                           ---------   ---------  ----------
10.00   Total new obligations...........         492         506         556
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          95         119         119
22.00 New budget authority (gross)......         516         506         556
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         611         625         675
23.95 Total new obligations.............        -492        -506        -556
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         119         119         119
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).         517         506         556
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -1
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         516         506         556
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          74          63          63
73.10 Total new obligations.............         492         506         556
73.20 Total outlays (gross).............        -504        -506        -556
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          63          63          63
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         504         506         556
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -1
88.40     Non-Federal sources...........        -516        -506        -556
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -517        -506        -556
      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...........................         -13
---------------------------------------------------------------------------

    The Bureau of Engraving and Printing (BEP) designs, manufactures, 
and supplies Federal Reserve notes 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.

[[Page 938]]

    In 2007, BEP plans to introduce the new design of the $100 note as 
part of its ambitious multi-year initiative to redesign and enhance the 
security of United States currency. The redesign of the $100 note 
follows the introduction of the redesigned $10 note in 2006.

    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 2006 and 2007 are 
    estimated to be 8.2 and 9.0 billion respectively. During 2005, the 
    Bureau delivered 8.5 billion Federal Reserve notes.
        Stamps.--Per prior agreement, 2005 marked the final year of 
    stamp production at the Bureau. In 2005, the Bureau delivered 5.0 
    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 and is reimbursed by the respective 
    agencies.

    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 2005 resulted in a decrease to retained 
earnings of $19 million.

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

1206

Receivables, net

45

42

1207

Advances and prepayments

3

4

      Other Federal assets:

1801

Cash and other monetary assets

169

183

1802

Inventories and related properties

103

75

1803

Property, plant and equipment, net

261

249

1901

Other assets--Machinery repair parts

17

17





1999

Total assets

598

570

    LIABILITIES:
2101

Federal liabilities: Accounts payable

31

28

      Non-Federal liabilities:

2201

Accounts payable

20

14

2206

Pension and other actuarial liabilities

68

68





2999

Total liabilities

119

110

    NET POSITION:
3100

Appropriated capital

32

32

3300

Cumulative results of operations

447

428





3999

Total net position

479

460





4999

Total liabilities and net position

598

570

-----------------------------------------------------------------------------------------------
    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         168         167         170
11.3    Other than full-time permanent..           2           1           1
11.5    Other personnel compensation....          13          11          11
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         183         179         182
12.1  Civilian personnel benefits.......          47          43          46
21.0  Travel and transportation of 
        persons.........................           3           2           2
23.1  Rental payments to GSA............           3           3           3
23.3  Communications, utilities, and 
        miscellaneous charges...........          13          13          14
24.0  Printing and reproduction.........           4           1           1
25.2  Other services....................          66          71          70
26.0  Supplies and materials............         150         134         188
31.0  Equipment.........................          23          60          50
                                           ---------   ---------  ----------
99.9    Total new obligations...........         492         506         556
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4502-0-4-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................       2,282       2,300       2,300
---------------------------------------------------------------------------

                                


 
                           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 [2006] 2007 
under such section 5136 for circulating coinage and protective service 
capital investments of the United States Mint shall not exceed 
[$26,768,000] $30,200,000. (Department of the Treasury Appropriations 
Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.06 Total Operating...................         969       1,886       1,930
09.07 Circulating and Protection Capital          14          19          20
09.08 Numismatic Capital................           6          14          12
                                           ---------   ---------  ----------
10.00   Total new obligations...........         989       1,919       1,962
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          55          62          62
22.00 New budget authority (gross)......       1,041       1,919       1,962
22.40 Capital transfer to general fund..         -45
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,051       1,981       2,024
23.95 Total new obligations.............        -989      -1,919      -1,962
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          62          62          62
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).       1,037       1,919       1,962
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........           4
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....       1,041       1,919       1,962
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         267         217         217
73.10 Total new obligations.............         989       1,919       1,962
73.20 Total outlays (Gross).............      -1,035      -1,919      -1,962
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -4
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         217         217         217
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          56       1,919       1,962
86.93 Outlays from discretionary 
        balances........................         979
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,035       1,919       1,962
----------------------------------------------------------------------------

[[Page 939]]



    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -6
88.40     Total Operating...............      -1,016      -1,919      -1,962
88.45     Offsetting governmental 
            collections (from non-
            Federal sources)............         -15
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -1,037      -1,919      -1,962
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -4
----------------------------------------------------------------------------

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

    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 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.

    In 2007, the Mint will continue development of its Retail Sales 
System. This system supports the Mint's core mission and the President's 
E-Government initiative by providing an integrated mail order and 
cataloging system that allows customers to order products directly from 
the Mint in an easy and secure manner.

    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 2005, the Mint transferred $775 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 2007, this activity will manufacture 12.6 billion 
coins for sale to the Federal Reserve System.

    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 2007, 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 are issued in the order of each state's admission 
to the Union. The Mint is producing five different state quarter designs 
each year resulting in a 10-year program. In 2007, the Mint will 
manufacture 3.1 billion quarters for sale to the public and the Federal 
Reserve System. All coins produced for this program are considered to be 
numismatic products. This program is shown as a separate program 
activity to present a clearer picture of its impact. (Public Law 105-
124).

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

                             Balance Sheet (in millions of dollars)

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

2004 actual

2005 actual

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

1101

Fund balances with Treasury

323

279

        Investments in US securities:
1106

Receivables, net

11

15

1107

Advances and prepayments

7

6

      Other Federal assets:

1802

Inventories and related properties

294

328

1803

Property, plant and equipment, net

296

273

1901

Other assets

5







1999

Total assets

936

901

    LIABILITIES:
2101

Federal liabilities: Accounts payable

176

129

      Non-Federal liabilities:

2201

Accounts payable

30

31

2207

Other

72

72





2999

Total liabilities

278

232

    NET POSITION:
3300

Cumulative results of operations

658

669





3999

Total net position

658

669





4999

Total liabilities and net position

936

901

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         122         121         115
11.3    Other than full-time permanent..           1
11.5    Other personnel compensation....          11           6           5
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         134         127         120
12.1  Civilian personnel benefits.......          34          39          37
21.0  Travel and transportation of 
        persons.........................           2           3           3
22.0  Transportation of things..........          20          24          27
23.1  Rental payments to GSA............           1
23.2  Rental payments to others.........          18          19          20
23.3  Communications, utilities, and 
        miscellanoues charges...........          13          14          15
24.0  Printing and reproduction.........           2           2           3
25.2  Other services....................          67         102         111
26.0  Supplies and materials............         679       1,556       1,594
31.0  Equipment.........................          14          24          19
32.0  Land and structures...............           5           9          13
                                           ---------   ---------  ----------
99.0      Reimbursable obligations......         989       1,919       1,962
                                           ---------   ---------  ----------
99.9    Total new obligations...........         989       1,919       1,962
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4159-0-3-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................       2,015       2,003       1,902
---------------------------------------------------------------------------

                                


 
                        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, [$179,923,000] $180,789,000, of which not to ex

[[Page 940]]

ceed $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] September 30, 2009 for systems modernization: Provided, 
That the sum appropriated herein from the general fund for fiscal year 
[2006] 2007 shall be reduced by not more than $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 [2006] 2007 
appropriation from the general fund estimated at [$176,923,000] 
$177,789,000. In addition, $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. (Department of the Treasury 
Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0560-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Wholesale Securities Services.....          14          12          12
00.02 Government Agency Investment 
        Services........................          14          13          13
00.03 Retail Securities Services........         142         147         148
00.04 Summary Debt Accounting...........           5           6           6
00.05 Reimbursements to Federal Reserve 
        Banks...........................         128         103         122
09.01 Wholesale Securities Services.....                       1           1
09.02 Government Agency Investment 
        Services........................           3           4           4
09.03 Retail Securities Services........           7          15          15
                                           ---------   ---------  ----------
10.00   Total new obligations...........         313         301         321
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           6
22.00 New budget authority (gross)......         317         295         321
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         322         301         321
23.95 Total new obligations.............        -313        -301        -321
23.98 Unobligated balance expiring or 
        withdrawn.......................          -3
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         177         177         178
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -2
40.35   Appropriation permanently 
          reduced.......................          -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         176         175         178
      Mandatory:

60.00   Appropriation...................         131         100         123
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).           7          17          17
68.00     Offsetting collections (user 
            fees).......................           3           3           3
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....          10          20          20
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         317         295         321
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          98          69          62
73.10 Total new obligations.............         313         301         321
73.20 Total outlays (gross).............        -344        -308        -315
73.40 Adjustments in expired accounts 
        (net)...........................           2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          69          62          68
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         167         174         177
86.93 Outlays from discretionary 
        balances........................          15          19          21
86.97 Outlays from new mandatory 
        authority.......................          90          75          92
86.98 Outlays from mandatory balances...          72          40          25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         344         308         315
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -7         -17         -17
88.40     Non-Federal sources...........          -3          -3          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -10         -20         -20
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         307         275         301
90.00 Outlays...........................         334         288         295
---------------------------------------------------------------------------

    The Bureau of Public Debt (BPD) borrows the money needed to operate 
the Federal Government and accounts for the resulting public debt. In 
2007, BPD will continue its effort to support the President's Management 
Agenda goal of providing accurate and timely financial information on 
the Federal Debt by moving from monthly public debt financial statements 
in 2006, to daily statements in 2007.

    This appropriation provides funds for the conduct of all public debt 
operations, which is comprised of four main activities.

    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 
Federal, State and local 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 18 
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 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 Public Debt's 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          68          83          85
11.5      Other personnel compensation..           5           4           5
                                           ---------   ---------  ----------
11.9        Total personnel compensation          73          87          90
12.1    Civilian personnel benefits.....          19          22          23
13.0    Benefits for former personnel...           1
21.0    Travel and transportation of 
          persons.......................           1           1           1
23.1    Rental payments to GSA..........           7           6           7
23.3    Communications, utilities, and 
          miscellaneous charges.........          15          17          17
24.0    Printing and reproduction.......           1           2           2
25.2    Other services..................          24          24          25
25.3    Other purchases of goods and 
          services from Government 
          accounts......................         147         112         128
25.7    Operation and maintenance of 
          equipment.....................           4           2           2
26.0    Supplies and materials..........           3           3           3
31.0    Equipment.......................           6           5           3
                                           ---------   ---------  ----------
99.0      Direct obligations............         301         281         301
99.0  Reimbursable obligations..........          10          20          20
99.5  Below reporting threshold.........           2
                                           ---------   ---------  ----------

[[Page 941]]


99.9    Total new obligations...........         313         301         321
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0560-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................       1,206       1,390       1,390
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................          14          64          64
---------------------------------------------------------------------------

                                

                Payment of Government Losses in Shipment

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-1710-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Government losses in shipment.....           6           2
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................           6           2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       1           1
22.00 New budget authority (gross)......           4           2
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           7           3           1
23.95 Total new obligations.............          -6          -2
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           1           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................           4           2
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............           6           2
73.20 Total outlays (gross).............          -3          -2
73.45 Recoveries of prior year 
        obligations.....................          -3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           3           2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           4           2
90.00 Outlays...........................           3           2
---------------------------------------------------------------------------

    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 800 claims are paid 
annually.

                                


 
                        INTERNAL REVENUE SERVICE

    The mission of the Internal Revenue Service (IRS) is to provide 
America's taxpayers top quality service by helping them understand and 
meet their tax responsibilities and by applying the tax law with 
integrity and fairness to all. To fulfill IRS' mission and support the 
goals of its strategic plan demands a 21st Century agency with the 
capabilities to effectively and efficiently collect the taxes owed while 
minimizing the burden to taxpayers.

    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.

    Tax Enforcement: The IRS continues its emphasis on tax enforcement, 
increasing collections of delinquent tax debt from $34 billion in 2001 
to $47 billion in 2005, an increase of 38-percent. The Budget maintains 
the enforcement funding increase provided in 2006 to continue this 
success. As in 2006, the Administration proposes to provide enforcement 
increases as a Budget Enforcement Act program integrity cap adjustment 
(see chapter 15, Budget Reform Proposals in the Analytical Perspectives 
volume of the 2007 Budget). In total, tax enforcement funding is 
proposed to increase by two percent over the 2006 enacted level.

    The IRS will continue efforts to improve its enforcement efficiency 
through streamlining and centralizing work processes, improving workload 
selection techniques, increasing managerial involvement in casework, and 
implementing initiatives to reduce cycle time by refining case selection 
criteria. IRS will enhance coverage of high-risk compliance areas, as 
well as address the tax gap associated with small business and self-
employed taxpayers. Enforcement efforts will focus on critical 
reporting, filing and payment compliance programs, and will highlight 
abusive tax avoidance transactions and high income individual 
examinations involving pass-through entities (e.g. partnerships, 
trusts). IRS will continue to improve its tax collection functions and 
implement the private collection agent authority provided in 2004.

    Taxpayer Service: Assisting the public to understand their tax 
reporting and payment obligations is a cornerstone of taxpayer 
compliance. In 2007, the IRS will continue focusing efforts on providing 
taxpayer service through more efficient automated methods. This approach 
is consistent with the recommendations of the 2005 PART analysis of this 
program. Thanks to investments in technology, taxpayers can now access a 
vast amount of information on the IRS website (www.irs.gov), including 
frequently asked tax law questions and tax publications. For example, in 
2005 22 million taxpayers checked on their refund status using IRS' 
internet based ``Where's My Refund?'' tool. They also can use automated 
features found at 1-800-829-1040. In addition, efforts to increase 
electronic filing will continue, with new forms and schedules added to 
the business electronic portfolio, leveraging partner organizations such 
as state taxing authorities, and increasing use of volunteers to better 
serve taxpayer needs.

    Budget Structure: The 2007 Budget for the IRS is presented in the 
traditional appropriations structure as requested by the appropriations 
committees. However, IRS spending by program is not readily transparent 
in this structure. For example, costs for IRS tax examinations and most 
other programs reside in all three primary operating accounts. For 
examination, costs like rent are in Processing, Assistance and 
Management, salaries and benefits are in Tax Law Enforcement, and 
telecommunications and technology costs are in Information Systems. The 
Administration will work with Congress to develop a new appropriations 
and budget activity structure that shows the full costs of each program 
within a single budget activity.

                                

                              Federal Funds

General and special fund:

                 Processing, Assistance, and Management

                    [(including rescission of funds)]

    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, [$4,136,578,000] $4,045,122,000, of 
which up to $4,100,000 shall be for the Tax Coun

[[Page 942]]

seling for the Elderly Program, of which $8,000,000 shall be available 
for low-income taxpayer clinic grants, [of which $1,500,000 shall be for 
the Internal Revenue Service Oversight Board;] and of which not to 
exceed $25,000 shall be for official reception and representation 
expenses[: Provided, That of unobligated amounts available under this 
heading from previous appropriations Acts, $20,000,000 shall be 
rescinded]. (Department of the Treasury Appropriations Act, 2006.)

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............          44          18          18
                                           ---------   ---------  ----------
01.99 Balance, start of year............          44          18          18
    Receipts:
02.20 New installment agreements, IRS 
        miscellaneous retained fees.....          66          63         144
02.21 Restructured installment 
        agreements, IRS miscellaneous 
        retained fees...................          13          10          27
02.22 General user fees, IRS 
        miscellaneous retained fees.....           6          22          55
02.60 Enrolled agent fee increase, IRS 
        miscellaneous retained fees.....           8           5           9
                                           ---------   ---------  ----------
02.99   Total receipts and collections..          93         100         235
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...         137         118         253
    Appropriations:
05.00 Processing, assistance and 
        management......................                     -30        -145
05.01 Tax law enforcement...............          -6                      -2
05.02 Information systems...............        -113         -70         -87
                                           ---------   ---------  ----------
05.99   Total appropriations............        -119        -100        -234
                                           ---------   ---------  ----------
07.99 Balance, end of year..............          18          18          19
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Pre-filing taxpayer assistance and 
        education.......................         546         331         335
00.02 Filing and account services.......       1,674       1,708       1,759
00.03 Shared Service support............       1,244       1,484       1,504
00.04 General management and 
        administration..................         555         602         592
                                           ---------   ---------  ----------
01.00   Subtotal, direct programs.......       4,019       4,125       4,190
09.01 Reimbursable program..............          46          62          71
                                           ---------   ---------  ----------
10.00   Total new obligations...........       4,065       4,187       4,261
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          11          12          12
22.00 New budget authority (gross)......       4,095       4,167       4,261
22.30 Expired unobligated balance 
        transfer to unexpired account...          16          20
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,122       4,199       4,273
23.95 Total new obligations.............      -4,065      -4,187      -4,261
23.98 Unobligated balance expiring or 
        withdrawn.......................         -45
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          12          12          12
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       4,090       4,136       4,045
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                     -41
40.35   Appropriation permanently 
          reduced.......................         -33
40.36   Unobligated balance permanently 
          reduced.......................                     -20
41.00   Transferred to other accounts...          -8
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       4,049       4,075       4,045
      Mandatory:

60.20   Appropriation (special fund)....                      30         145
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).          46          62          71
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,095       4,167       4,261
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         431         479         505
73.10 Total new obligations.............       4,065       4,187       4,261
73.20 Total outlays (gross).............      -3,995      -4,161      -4,264
73.40 Adjustments in expired accounts 
        (net)...........................         -22
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         479         505         502
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       3,716       3,687       3,669
86.93 Outlays from discretionary 
        balances........................         279         444         450
86.97 Outlays from new mandatory 
        authority.......................                      30         145
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       3,995       4,161       4,264
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............         -24         -38         -44
88.40     Non-Federal sources...........         -22         -24         -27
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -46         -62         -71
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       4,049       4,105       4,190
90.00 Outlays...........................       3,949       4,099       4,193
---------------------------------------------------------------------------

    This appropriation provides for all functions related to processing 
of tax returns. This includes providing services to the taxpayer before 
a return is filed, electronic filing, accounting for tax revenues, 
issuing refunds and tax notices, with concentrated efforts to ensure 
accurate and timely processing of tax returns, related documents and 
payments. In addition, this appropriation provides direct support 
resources for management to provide leadership and direction to IRS 
personnel and administrative services including facilities and 
procurement services.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........       1,557       1,597       1,567
11.3      Other than full-time permanent         319         330         438
11.5      Other personnel compensation..          88          86          88
                                           ---------   ---------  ----------
11.9        Total personnel compensation       1,964       2,013       2,093
12.1    Civilian personnel benefits.....         582         610         594
13.0    Benefits for former personnel...          46          36          40
21.0    Travel and transportation of 
          persons.......................          48          49          49
22.0    Transportation of things........          24          22          22
23.1    Rental payments to GSA..........         620         681         694
23.3    Communications, utilities, and 
          miscellaneous charges.........         163         158         157
24.0    Printing and reproduction.......          67          64          64
25.1    Advisory and assistance services          53          34          24
25.2    Other services..................          79         144         148
25.3    Other purchases of goods and 
          services from Government 
          accounts......................         109          56          56
25.4    Operation and maintenance of 
          facilities....................         129         185         186
25.6    Medical care....................          11          10          10
25.8    Subsistence and support of 
          persons.......................                       1           1
26.0    Supplies and materials..........          16          25          25
31.0    Equipment.......................          64          24          14
32.0    Land and structures.............          30
41.0    Grants, subsidies, and 
          contributions.................          12          12          12
42.0    Insurance claims and indemnities           1           1           1
                                           ---------   ---------  ----------
99.0      Direct obligations............       4,018       4,125       4,190
99.0  Reimbursable obligations..........          46          62          71
99.5  Below reporting threshold.........           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........       4,065       4,187       4,261
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0912-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................      38,710      38,308      35,949
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         569         934       1,040
---------------------------------------------------------------------------

[[Page 943]]



                                

                           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 
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, [$4,725,756,000] $4,762,327,000, of 
which not to exceed $1,000,000 shall remain available until September 
30, [2008] 2009, for research; and of which $55,584,000 shall be for the 
Interagency Crime and Drug Enforcement program[: 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 Interagency Crime and Drug Enforcement Program: Provided further, 
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]. 
(Department of the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Compliance services...............       4,119       4,415       4,503
00.02 Research and statistics of income.          92          97          98
00.03 Earned income tax credit 
        compliance......................         164         167         168
                                           ---------   ---------  ----------
01.00   Subtotal, Direct program........       4,375       4,679       4,769
09.01 Reimbursable program..............         105          87         100
                                           ---------   ---------  ----------
10.00   Total new obligations...........       4,481       4,766       4,869
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           2           1           1
22.00 New budget authority (gross)......       4,475       4,766       4,868
22.30 Expired unobligated balance 
        transfer to unexpired account...          12
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       4,489       4,767       4,869
23.95 Total new obligations.............      -4,481      -4,766      -4,869
23.98 Unobligated balance expiring or 
        withdrawn.......................          -7
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       4,399       4,726       4,762
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                     -47
40.35   Appropriation permanently 
          reduced.......................         -35
41.00   Transferred to other accounts...          -1
42.00   Transferred from other accounts.           1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       4,364       4,679       4,762
      Mandatory:

60.20   Appropriation (special fund)....           6                       2
62.00   Transferred from other accounts.                                   4
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................           6                       6
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          89          87         100
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          16
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....         105          87         100
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,475       4,766       4,868
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         247         304         322
73.10 Total new obligations.............       4,481       4,766       4,869
73.20 Total outlays (gross).............      -4,422      -4,748      -4,860
73.40 Adjustments in expired accounts 
        (net)...........................          -5
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................         -16
74.10 Change in uncollected customer 
        payments from Federal sources 
        (expired).......................          19
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         304         322         331
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       4,176       4,480       4,570
86.93 Outlays from discretionary 
        balances........................         240         268         286
86.97 Outlays from new mandatory 
        authority.......................           6                       4
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       4,422       4,748       4,860
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............        -107         -87        -100
88.40     Non-Federal sources...........          -1
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -108         -87        -100
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................         -16
88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          19
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       4,370       4,679       4,768
90.00 Outlays...........................       4,314       4,661       4,760
---------------------------------------------------------------------------

    This appropriation funds activities related to the equitable 
application and enforcement of the tax laws. Compliance Services funds 
services to taxpayers, after returns are filed, to identify and correct 
possible errors. This includes underpayment or overpayment, document 
matching, examinations of returns, field examinations, and enforcement 
of criminal statutes related to other financial, interagency crime and 
drug enforcement programs. In addition, this appropriation funds 
Research and Statistics of Income, which includes tax data and market-
based research to identify compliance issues, and the Earned Income Tax 
Credit program, which continues to provide EITC-eligible taxpayer 
services, outreach, support and research to reduce erroneous filings.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........       2,959       3,178       3,212
11.3      Other than full-time permanent          96         100         103
11.5      Other personnel compensation..         119         140         141
11.8      Special personal services 
            payments....................          16          17          17
                                           ---------   ---------  ----------
11.9        Total personnel compensation       3,190       3,435       3,473
12.1    Civilian personnel benefits.....         818         868         886
13.0    Benefits for former personnel...          36           5          27
21.0    Travel and transportation of 
          persons.......................         113         144         147
22.0    Transportation of things........           3           4           4
23.3    Communications, utilities, and 
          miscellaneous charges.........          48          46          46
24.0    Printing and reproduction.......           3           2           2
25.1    Advisory and assistance services          24          22          24
25.2    Other services..................          61          90          97
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          39          15          15
25.4    Operation and maintenance of 
          facilities....................           1
25.5    Research and development 
          contracts.....................           6           5           5
25.7    Operation and maintenance of 
          equipment.....................           2           7           7
25.8    Subsistence and support of 
          persons.......................           2           3           3
26.0    Supplies and materials..........          17          21          21
31.0    Equipment.......................           8           7           7
42.0    Insurance claims and indemnities           1           1           1
91.0    Unvouchered.....................           3           4           4
                                           ---------   ---------  ----------
99.0      Direct obligations............       4,375       4,679       4,769

[[Page 944]]

99.0  Reimbursable obligations..........         105          87         100
99.5  Below reporting threshold.........           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........       4,481       4,766       4,869
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0913-0-1-999      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................      48,544      49,721      49,675
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         443         376         418
---------------------------------------------------------------------------

                                

               Health Insurance Tax Credit Administration

                    [(including rescission of funds)]

    For expenses necessary to implement the health insurance tax credit 
included in the Trade Act of 2002 (Public Law 107-210), [$20,210,000: 
Provided, That of unobligated amounts available under this heading from 
previous appropriations acts, $9,000,000 shall be rescinded] 
$14,846,000. (Department of the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Health Coverage Tax Credit........          19          21          15
                                           ---------   ---------  ----------
10.00   Total new obligations...........          19          21          15
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           1
22.00 New budget authority (gross)......          35          11          15
22.30 Expired unobligated balance 
        transfer to unexpired account...                       9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          40          21          15
23.95 Total new obligations.............         -19         -21         -15
23.98 Unobligated balance expiring or 
        withdrawn.......................         -20
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          35          20          15
40.36   Unobligated balance permanently 
          reduced.......................                      -9
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          35          11          15
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          21          17          13
73.10 Total new obligations.............          19          21          15
73.20 Total outlays (gross).............         -23         -25         -14
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          17          13          14
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           2           8          11
86.93 Outlays from discretionary 
        balances........................          21          17           3
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          23          25          14
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          35          11          15
90.00 Outlays...........................          23          25          14
---------------------------------------------------------------------------

    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 2007 request reflects savings from further efficiencies in 
administering this credit.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................           1           2           2
25.2    Other services..................          17          18          12
                                           ---------   ---------  ----------
99.0      Direct obligations............          18          20          14
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          19          21          15
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0928-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................          13          17          17
---------------------------------------------------------------------------

                                

                           Information Systems

    For necessary expenses of the Internal Revenue Service for 
information systems and telecommunications support, including 
developmental information systems and operational information systems; 
the hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services 
as authorized by 5 U.S.C. 3109, at such rates as may be determined by 
the Commissioner, [$1,598,967,000] $1,602,232,000, of which $75,000,000 
shall remain available until September 30, [2007] 2008. (Department of 
the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Information systems improvement 
        programs........................          42          49          49
00.02 Information services..............       1,627       1,604       1,640
                                           ---------   ---------  ----------
01.00   Subtotal, direct programs.......       1,669       1,653       1,689
09.01 Reimbursable program..............           5          10          11
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,674       1,663       1,700
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           9          39          39
22.00 New budget authority (gross)......       1,704       1,663       1,700
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.30 Expired unobligated balance 
        transfer to unexpired account...           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,717       1,702       1,739
23.95 Total new obligations.............      -1,674      -1,663      -1,700
23.98 Unobligated balance expiring or 
        withdrawn.......................          -4
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          39          39          39
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       1,590       1,599       1,602
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                     -16
40.35   Appropriation permanently 
          reduced.......................         -13
42.00   Transferred from other accounts.           8
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,585       1,583       1,602
      Mandatory:

60.20   Appropriation (special fund)....         113          70          87
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).           5          10          11
68.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........           1
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....           6          10          11
                                           ---------   ---------  ----------

[[Page 945]]


70.00   Total new budget authority 
          (gross).......................       1,704       1,663       1,700
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         358         532         523
73.10 Total new obligations.............       1,674       1,663       1,700
73.20 Total outlays (gross).............      -1,492      -1,672      -1,693
73.40 Adjustments in expired accounts 
        (net)...........................          -6
73.45 Recoveries of prior year 
        obligations.....................          -1
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         532         523         530
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       1,082       1,275       1,291
86.93 Outlays from discretionary 
        balances........................         297         318         318
86.97 Outlays from new mandatory 
        authority.......................         113          56          70
86.98 Outlays from mandatory balances...                      23          14
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,492       1,672       1,693
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -4          -8          -9
88.40     Non-Federal sources...........          -1          -2          -2
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -5         -10         -11
      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..................       1,698       1,653       1,689
90.00 Outlays...........................       1,486       1,662       1,682
---------------------------------------------------------------------------

    This appropriation provides for Servicewide Information Systems (IS) 
operations, maintenance, and investments to enhance or develop 
applications for IRS' business programs in support of tax 
administration. This appropriation includes information technology (IT) 
staffing, telecommunications, hardware and software, and IT contractual 
services. In addition, this appropriation covers the modification and 
enhancement of existing systems or processes, providing changes in 
systemic functionality, and establishing bridges between current 
production systems and the new modernization architecture being 
developed.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         537         575         574
11.3      Other than full-time permanent           5           4           4
11.5      Other personnel compensation..          18          21          21
                                           ---------   ---------  ----------
11.9        Total personnel compensation         560         600         599
12.1    Civilian personnel benefits.....         127         139         139
13.0    Benefits for former personnel...           7           6           6
21.0    Travel and transportation of 
          persons.......................          15          17          17
23.3    Communications, utilities, and 
          miscellaneous charges.........         161         164         172
24.0    Printing and reproduction.......                       1           1
25.1    Advisory and assistance services         110          86          85
25.2    Other services..................         288         270         270
25.3    Other purchases of goods and 
          services from Government 
          accounts......................          18          13          13
25.4    Operation and maintenance of 
          facilities....................                       4           4
25.5    Research and development 
          contracts.....................                       2           2
25.7    Operation and maintenance of 
          equipment.....................          73          88          88
26.0    Supplies and materials..........          15          18          18
31.0    Equipment.......................         294         245         274
                                           ---------   ---------  ----------
99.0      Direct obligations............       1,668       1,653       1,688
99.0  Reimbursable obligations..........           5           9          11
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,674       1,663       1,700
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-0919-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................       7,015       7,340       7,351
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................           5          40          45
---------------------------------------------------------------------------

                                

                     Business Systems Modernization

    For necessary expenses of the Internal Revenue Service, 
[$199,000,000] $167,310,000, to remain available until September 30, 
[2008] 2009, 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; (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. 
(Department of the Treasury Appropriations Act, 2006.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0921-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Business Systems Modernization....         317         232         185
                                           ---------   ---------  ----------
10.00   Total new obligations...........         317         232         185
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         230         115          80
22.00 New budget authority (gross)......         203         197         167
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         435         312         247
23.95 Total new obligations.............        -317        -232        -185
23.98 Unobligated balance expiring or 
        withdrawn.......................          -3
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         115          80          62
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         205         199         167
40.33   Appropriation permanently 
          reduced (P.L. 109-148)........                      -2
40.35   Appropriation permanently 
          reduced.......................          -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         203         197         167
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         103         172         219
73.10 Total new obligations.............         317         232         185
73.20 Total outlays (gross).............        -246        -185        -179
73.45 Recoveries of prior year 
        obligations.....................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         172         219         225
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          78          59          50
86.93 Outlays from discretionary 
        balances........................         168         126         129
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         246         185         179
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         203         197         167
90.00 Outlays...........................         246         185         179
---------------------------------------------------------------------------

    This appropriation provides for revamping business practices and 
acquiring new technology. In 2007, IRS' business

[[Page 946]]

systems modernization efforts will continue to focus on the three key 
tax administration systems that provide additional benefits to taxpayers 
and IRS employees: the Customer Account Data Engine (CADE) project; 
Modernized e-File; and Filing and Payment Compliance. Expansion of CADE 
will allow IRS to process 33 million returns on modernized systems. 
Modernized e-File will provide electronic filing for additional 
taxpayers in the business community, adding capabilities for joint 
filing of federal and state returns electronically, reducing taxpayer 
burden and simplifying tax filing for this important sector. Filing and 
Payment Compliance will complete the full deployment of inventory 
management capabilities, increasing production capacity to treat and 
resolve delinquent taxpayer case backlogs.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0921-0-1-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
25.2  Other services....................         277         202         158
25.7  Operation and maintenance of 
        equipment.......................          13           7           7
31.0  Equipment.........................          27          23          20
                                           ---------   ---------  ----------
99.9    Total new obligations...........         317         232         185
---------------------------------------------------------------------------

                                

      Payment Where Earned Income Credit Exceeds Liability for Tax

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0906-0-1-609      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........      34,559      35,098      35,645
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................      34,559      35,098      35,645
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......      34,559      35,098      35,645
23.95 Total new obligations.............     -34,559     -35,098     -35,645
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................      34,559      35,098      35,645
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............      34,559      35,098      35,645
73.20 Total outlays (gross).............     -34,559     -35,098     -35,645
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................      34,559      35,098      35,645
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................      34,559      35,098      35,645
90.00 Outlays...........................      34,559      35,098      35,645
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2005 actual  2006 est.   2007 est.
Enacted/requested:
  Budget Authority............         34,559         35,098          35,645
  Outlays.....................         34,559         35,098          35,645
Legislative proposal, subject to 
    PAYGO:
  Budget Authority............                                          -188
  Outlays.....................                                          -188
                                    ------------------------------------
Total:
  Budget Authority............         34,559         35,098          35,457
  Outlays.....................         34,559         35,098          35,457
                                    ====================================

    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 definition of 
qualifying child for child-related tax benefits, including the EITC and 
the child tax credit. In addition, the Budget proposes to simplify 
requirements regarding filing status, presence of children, and 
immigration status for EITC eligibility. Finally, the Budget proposes to 
extend through 2007 a provision, which would otherwise expire on 
December 31, 2006, 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, subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0906-4-1-609      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........                                -188
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                                -188
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                -188
23.95 Total new obligations.............                                 188
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                                -188
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                                -188
73.20 Total outlays (gross).............                                 188
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                -188
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                                -188
90.00 Outlays...........................                                -188
---------------------------------------------------------------------------

                                

          Payment Where Child Credit Exceeds Liability for Tax

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0922-0-1-609      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........      14,624      14,113      13,538
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................      14,624      14,113      13,538
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......      14,624      14,113      13,538
23.95 Total new obligations.............     -14,624     -14,113     -13,538
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................      14,624      14,113      13,538
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............      14,624      14,113      13,538
73.20 Total outlays (gross).............     -14,624     -14,113     -13,538
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................      14,624      14,113      13,538
----------------------------------------------------------------------------

[[Page 947]]



    Net budget authority and outlays:
89.00 Budget authority..................      14,624      14,113      13,538
90.00 Outlays...........................      14,624      14,113      13,538
---------------------------------------------------------------------------

    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 Relief 
Reconciliation Act of 2001, which sunset on December 31, 2010. The 
Budget also proposes to clarify the definition of qualifying child for 
child-related tax benefits, including the EITC and the child tax credit. 
In addition, the Budget proposes to simplify eligibility and computation 
of the additional child tax credit.

                                

       Payment Where Health Care Credit Exceeds Liability for Tax

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0923-0-1-551      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........          90          94         109
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          90          94         109
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          90          94         109
23.95 Total new obligations.............         -90         -94        -109
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          90          94         109
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............          90          94         109
73.20 Total outlays (gross).............         -90         -94        -109
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          90          94         109
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          90          94         109
90.00 Outlays...........................          90          94         109
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2005 actual  2006 est.   2007 est.
Enacted/requested:
  Budget Authority............             90             94             109
  Outlays.....................             90             94             109
Legislative proposal, subject to 
    PAYGO:
  Budget Authority............                                           720
  Outlays.....................                                           720
                                    ------------------------------------
Total:
  Budget Authority............             90             94             829
  Outlays.....................             90             94             829
                                    ====================================

    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.

    This schedule reflects the effects of HCTC and other Administration 
health-related tax proposals in cases where the credit exceeds the 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Provide refundable credit for the 
        purchase of high-deductible 
        health insurance................                                 381
00.02 Payroll tax credit for high 
        deductible insurance premiums...                                 244
00.03 Payroll tax credit for HSA 
        contributions...................                                  91
00.04 Permit certain spouses of HCTC 
        eligible individuals to claim 
        credit..........................                                   3
00.05 Change reference to ``3 months'' 
        in the HCTC state-based coverage 
        rules to ``12 months''..........                                   1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                                 720
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                 720
23.95 Total new obligations.............                                -720
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                                 720
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                                 720
73.20 Total outlays (gross).............                                -720
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                                 720
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                                 720
90.00 Outlays...........................                                 720
---------------------------------------------------------------------------
                                             -------

                                

            Refunding Internal Revenue Collections, Interest

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-0904-0-1-908      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program activity...........       6,112       3,662       3,877
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................       6,112       3,662       3,877
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       6,112       3,662       3,877
23.95 Total new obligations.............      -6,112      -3,662      -3,877
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................       6,112       3,662       3,877
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............       6,112       3,662       3,877
73.20 Total outlays (gross).............      -6,112      -3,662      -3,877
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       6,112       3,662       3,877
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       6,112       3,662       3,877
90.00 Outlays...........................       6,112       3,662       3,877
---------------------------------------------------------------------------

    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.

[[Page 948]]

                                

       Gifts to the United States for Reduction of the Public Debt

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5080-0-2-808      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
                                           ---------   ---------  ----------
01.99 Balance, start of year............
    Receipts:
02.60 Gifts to the United States for 
        reduction of the public debt....           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      2005 actual   2006 est.   2007 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

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5510-0-2-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
                                           ---------   ---------  ----------
01.99 Balance, start of year............
    Receipts:
02.60 Private collection agent program..                       3          54
    Appropriations:
05.00 Private collection agent program..                      -3         -54
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5510-0-2-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Collection Enforcement Activities.                       1          27
00.02 Payments to Private Collection 
        Agencies........................                       2          27
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................                       3          54
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                       3          54
23.95 Total new obligations.............                      -3         -54
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....                       3          54
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                       3          54
73.20 Total outlays (gross).............                      -3         -54
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                       3          54
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                       3          54
90.00 Outlays...........................                       3          54
---------------------------------------------------------------------------

    The American Jobs Creation Act of 2004 (Public Law 108-357) allows 
IRS to use 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 
collect $2.7 billion in delinquent taxes over the next ten years.

                                

                           Informant Payments

          Special and Trust Fund Receipts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5433-0-2-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
                                           ---------   ---------  ----------
01.99 Balance, start of year............
    Receipts:
02.40 Underpayment and fraud collection.           7           4           4
    Appropriations:
05.00 Informant payments................          -7          -4          -4
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-5433-0-2-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Informant Payments................           7           4           4
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 91.0)...................           7           4           4
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           7           4           4
23.95 Total new obligations.............          -7          -4          -4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.20   Appropriation (special fund)....           7           4           4
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............           7           4           4
73.20 Total outlays (gross).............          -7          -4          -4
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           7           4           4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           7           4           4
90.00 Outlays...........................           7           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).

[[Page 949]]

                                

Public enterprise funds:

                     Federal Tax Lien Revolving Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4413-0-3-803      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............           8           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 32.0)...................           8           6           6
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7           4           4
22.00 New budget authority (gross)......           5           6           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          12          10          10
23.95 Total new obligations.............          -8          -6          -6
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           4           4           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............           5           6           6
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..                       2           3
73.10 Total new obligations.............           8           6           6
73.20 Total outlays (gross).............          -6          -5          -6
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           3           3
----------------------------------------------------------------------------

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

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -5          -6          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           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, 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 2007 Oversight Board budget recommendation for the 
Internal Revenue Service is $11,815 million.

                                

           Administrative Provisions--Internal Revenue Service

                      (including transfer of funds)

    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] notification of the Committees on Appropriations.

    Sec. 202. The Internal Revenue Service shall maintain a training 
program to ensure that Internal Revenue Service employees are trained in 
taxpayers' rights, in dealing courteously with taxpayers, and in cross-
cultural relations.
    Sec. 203. The Internal Revenue Service shall institute and enforce 
policies and procedures that will safeguard the confidentiality of 
taxpayer information.
    [Sec. 204. Funds made available by this or any other Act to the 
Internal Revenue Service shall be available for improved facilities and 
increased manpower to provide sufficient and effective 1-800 help line 
service for taxpayers. The Commissioner shall continue to make the 
improvement of the Internal Revenue Service 1-800 help line service a 
priority and allocate resources necessary to increase phone lines and 
staff to improve the Internal Revenue Service 1-800 help line service.]

    [Sec. 205. None of the funds appropriated or otherwise made 
available in this or any other Act or source to the Internal Revenue 
Service may be used to reduce taxpayer services as proposed in fiscal 
year 2006 until the Treasury Inspector General for Tax Administration 
completes a study detailing the impact of such proposed reductions on 
taxpayer compliance and taxpayer services, and the Internal Revenue 
Service's plans for providing adequate alternative services, and submits 
such study and plans to the Committees on Appropriations of the House of 
Representatives and the Senate for approval: Provided, That no funds 
shall be obligated by the Internal Revenue Service for such purposes for 
60 days after receipt of such study: Provided further, That the Internal 
Revenue Service shall consult with stakeholder organizations, including 
but not limited to, the National Taxpayer Advocate, the Internal Revenue 
Service Oversight Board, the Treasury Inspector General for Tax 
Administration, and Internal Revenue Service employees with respect to 
any proposed or planned efforts by the Internal Revenue Service to 
terminate or reduce significantly any taxpayer service activity.]
    Sec. [206] 204. Of the funds made available by this Act to the 
Internal Revenue Service, not less than [$6,447,000,000] $6,824,070,000 
shall be available only for tax enforcement. In addition, of the funds 
made available by this Act to the Internal Revenue Service, and subject 
to the same terms and conditions, an additional [$446,000,000] 
$137,275,000 shall be available for [enhanced] tax enforcement.
    [Sec. 207. Of the funds made available by this Act to the Internal 
Revenue Service, not less than $166,249,000 shall be available for 
operating expenses of the Taxpayer Advocate Service, of which not less 
than $141,311,650 shall be made available from the ``Tax Law 
Enforcement'' account.]
    [Sec. 208. The Internal Revenue Service shall submit its fiscal year 
2007 congressional budget justifications to the Committees on 
Appropriations of the House of Representatives and the Senate using the 
identical structure provided under this Act and only in accordance with 
the direction specified in the report accompanying this Act.]
    [Sec. 209. Section 3 under the heading ``Administrative Provisions--
Internal Revenue Service'' of title I of Public Law 103-329 is amended 
by striking the last proviso.] (Department of the Treasury 
Appropriations Act, 2006.)
    [Section 5021, For the purposes of compliance with section 205 of 
Public Law 109-115, a reduction in taxpayer service shall include, but 
not be limited to, any reduction in available hours of telephone 
taxpayer assistance on a daily, weekly and monthly basis below the 
levels in existence during the month of October 2005.] (Emergency

[[Page 950]]

Supplemental Appropriations Act to Address Hurricanes in the Gulf of 
Mexico and Pandemic Influenza, 2006)

                                


 
                       COMPTROLLER OF THE CURRENCY

                               Trust Funds

                            Assessment Funds

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-8413-0-8-373      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.00 Bank supervision..................         487         579         605
                                           ---------   ---------  ----------
10.00   Total new obligations...........         487         579         605
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         399         507         557
22.00 New budget authority (gross)......         595         629         656
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         994       1,136       1,213
23.95 Total new obligations.............        -487        -579        -605
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         507         557         608
----------------------------------------------------------------------------

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

        Mandatory:
69.00     Offsetting collections (cash).         595         629         656
                                           ---------   ---------  ----------
69.90       Spending authority from 
              offsetting collections 
              (total mandatory).........         595         629         656
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          81          94         105
73.10 Total new obligations.............         487         579         605
73.20 Total outlays (gross).............        -474        -568        -594
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          94         105         116
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         439         568         594
86.98 Outlays from mandatory balances...          35
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         474         568         594
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on Federal securities         -13         -18         -22
88.40     Non-Federal sources: 
            Assessments.................        -582        -611        -634
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -595        -629        -656
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -122         -61         -62
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         479         600         677
92.02 Total investments, end of year: 
        Federal securities: Par value...         600         677         734
---------------------------------------------------------------------------

    The Office of the Comptroller of the Currency (OCC) 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 of OCC. The income of the 
bureau is derived principally from assessments paid by national banks 
and interest on investments in U.S. Government securities. OCC receives 
no appropriated funds from Congress.

    OCC 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 1,895 national bank examiners. At present, there are 
approximately 1,933 national banks and 51 Federal branches with total 
assets of more than $5.8 trillion.

    In addition, OCC considers applications for mergers in which the 
resulting bank will be a national bank and applications from banks to 
establish branches. OCC 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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............         249         293         309
11.3    Other than full-time permanent..           6           7           8
11.5    Other personnel compensation....           1           2           2
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         256         302         319
12.1  Civilian personnel benefits.......          88          94          98
13.0  Benefits for former personnel.....           1
21.0  Travel and transportation of 
        persons.........................          31          38          39
22.0  Transportation of things..........           2           2           2
23.2  Rental payments to others.........          26          25          27
23.3  Communications, utilities, and 
        miscellaneous charges...........           8          12          12
24.0  Printing and reproduction.........           1           1           2
25.2  Other services....................          54          72          73
26.0  Supplies and materials............           3           6           6
31.0  Equipment.........................          14          17          17
32.0  Land and structures...............           3          10          10
                                           ---------   ---------  ----------
99.9    Total new obligations...........         487         579         605
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-8413-0-8-373      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................       2,686       2,886       2,886
---------------------------------------------------------------------------

                                


 
                      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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Office of Thrift Supervision......         193         216         221
                                           ---------   ---------  ----------
10.00   Total new obligations...........         193         216         221
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         169         196         196
22.00 New budget authority (gross)......         214         216         221
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         389         412         417
23.95 Total new obligations.............        -193        -216        -221
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         196         196         196
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............         214         216         221
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          27          39          39
73.10 Total new obligations.............         193         216         221
73.20 Total outlays (gross).............        -175        -216        -221

[[Page 951]]

73.45 Recoveries of prior year 
        obligations.....................          -6
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          39          39          39
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         158         196         198
86.98 Outlays from mandatory balances...          17          20          23
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         175         216         221
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -5          -5          -5
88.20     Interest on Federal securities          -6          -4          -4
88.40     Non-Federal sources...........          -9          -1          -1
88.45     Offsetting governmental 
            collections (from non-
            Federal sources)............        -194        -206        -211
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -214        -216        -221
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -39
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         195         234         234
92.02 Total investments, end of year: 
        Federal securities: Par value...         234         234         234
---------------------------------------------------------------------------

    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). 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 Federal Deposit Insurance Corporation 
(FDIC). OTS also examines, supervises, and regulates state-chartered, 
FDIC-insured savings associations and provides for the registration, 
examination, and regulation of savings association affiliates and 
holding companies. 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 and holding 
companies, examination fees, and interest on investments in U.S. 
Government obligations. As of September 30, 2005, OTS oversees 866 
thrifts with total assets of $1.4 trillion.

    OTS also supervises 486 holding company enterprises with 
approximately $7.1 trillion in consolidated assets.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 20-4108-0-3-373      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

      Personnel compensation:

11.1    Full-time permanent.............          95         106         109
11.5    Other personnel compensation....           1           1           1
                                           ---------   ---------  ----------
11.9      Total personnel compensation..          96         107         110
12.1  Civilian personnel benefits.......          64          70          72
21.0  Travel and transportation of 
        persons.........................          11          12          12
23.2  Rental payments to others.........           5           5           5
23.3  Communications, utilities, and 
        miscellaneous charges...........           3           3           3
25.1  Advisory and assistance services..           1           3           3
25.2  Other services....................           2           1           1
25.3  Other purchases of goods and 
        services from Government 
        accounts........................           4           4           4
25.4  Operation and maintenance of 
        facilities......................           4           4           4
26.0  Supplies and materials............           1           2           2
31.0  Equipment.........................           2           4           4
32.0  Land and structures...............                       1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........         193         216         221
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 20-4108-0-3-373      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
    Reimbursable:
2001  Civilian full-time equivalent 
        employment......................         885         965         965
---------------------------------------------------------------------------

                                


 
                       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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on Treasury Securities...     352,350     398,716     441,305
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................     352,350     398,716     441,305
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......     352,350     398,716     441,305
23.95 Total new obligations.............    -352,350    -398,716    -441,305
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................     352,350     398,716     441,305
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............     352,350     398,716     441,305
73.20 Total outlays (gross).............    -352,350    -398,716    -441,305
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................     352,350     398,716     441,305
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................     352,350     398,716     441,305
90.00 Outlays...........................     352,350     398,716     441,305
---------------------------------------------------------------------------

    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      2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Interest on Treasury Securities...                      28        -893
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 43.0)...................                      28        -893
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                      28        -893
23.95 Total new obligations.............                     -28         893
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................                      28        -893
----------------------------------------------------------------------------

    Change in obligated balances:
73.10 Total new obligations.............                      28        -893
73.20 Total outlays (gross).............                     -28         893
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................                      28        -893
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                      28        -893
90.00 Outlays...........................                      28        -893
---------------------------------------------------------------------------
                                             -------

[[Page 952]]



                                


 
                      GENERAL FUND RECEIPT ACCOUNTS

                           (In millions of dollars)

----------------------------------------------------------------------------
                                         2005 actual   2006 est.   2007 est.
----------------------------------------------------------------------------
Governmental receipts:
  20-015800  Transportation fuels tax...        -770      -1,948      -2,451
  20-040110  Proceeds from exercise of 
    warrants, Air Transportation 
    Stabilization Board.................           1
  20-065000  Deposit of earnings, 
    Federal Reserve System..............      19,297      27,455      32,679
  20-085000  Registration, filing, and 
    transaction fees....................           4           1           1
  20-086100  Charges for expenses, 
    settlement of international claims..                       1           1
  20-086900  Fees for legal and judicial 
    services, not otherwise classified..          74          74          74
  20-089100  Miscellaneous fees for 
    regulatory and judicial services, 
    not otherwise classified............           8           8           8
  20-101000  Fines, penalties, and 
    forfeitures, agricultural laws......           1           1           1
  20-102000  Fines, penalties, and 
    forfeitures, economic stabilization 
    laws................................           9           9           9
  20-103000  Fines, penalties, and 
    forfeitures, immigration and labor 
    laws................................          71          71          71
  20-104000  Fines, penalties, and 
    forfeitures, customs, commerce, and 
    antitrust laws......................         118         118         118
  20-105000  Fines, penalties, and 
    forfeitures, narcotic prohibition 
    and alcohol laws....................           4           4           4
  20-106000  Forfeitures of unclaimed 
    money and property..................         -14          25          25
  20-108000  Fines, penalties, and 
    forfeitures, Federal coal mine 
    health and safety laws..............          19          19          19
  20-129900  Gifts to the United States, 
    not otherwise classified............           2           1           1
  20-241100  User fees for IRS..........          36          32          32
  20-309200  Recovery from highway trust 
    fund for refunds of taxes...........       1,121       1,098       1,109
  20-309400  Recovery from airport and 
    airway trust fund for refunds of 
    taxes...............................         101          86          91
  20-309500  Recovery from leaking 
    underground storage tank trust fund 
    for refunds of taxes, EPA...........           5           5           5
  20-309990  Refunds of moneys 
    erroneously received and recovered 
    (20X1807)...........................         -40         -62         -62
  95-109900  Fines, penalties, and 
    forfeitures, not otherwise 
    classified..........................         611         603         603
  99-011050  Individual income taxes....     927,169   1,011,265   1,118,204
    Legislative proposal, subject to 
      PAYGO.............................                 -13,725     -21,948
  99-011100  Corporation income and 
    excess profits taxes................     278,278     279,273     265,124
    Legislative proposal, subject to 
      PAYGO.............................                  -2,151      -4,557
  99-015250  Other Federal fund excise 
    taxes...............................        -712        -796        -587
    Legislative proposal, subject to 
      PAYGO.............................                                 -37
  99-015300  Estate and gift taxes......      24,764      27,521      24,925
    Legislative proposal, subject to 
      PAYGO.............................                       2      -1,225
  99-015500  Tobacco excise tax.........       7,920       7,710       7,570
  99-015600  Alcohol excise tax.........       8,111       8,179       8,299
    Legislative proposal, subject to 
      PAYGO.............................                     -69         -95
  99-015700  Telephone excise tax.......       6,047       6,069       6,106
  99-031050  Other Federal fund customs 
    duties..............................      15,293      16,886      18,922
    Legislative proposal, subject to 
      PAYGO.............................                                -864
                                           ---------   ---------  ----------
General Fund Governmental receipts......   1,287,528   1,367,765   1,452,175
----------------------------------------------------------------------------
Offsetting receipts from the public:
  20-143500  General fund proprietary 
    interest receipts, not otherwise 
    classified..........................         121         144         144
  20-145000  Interest payments from 
    States, cash management improvement.          15          32          36
  20-146310  Interest on quota in 
    International Monetary Fund.........         316         316         316
  20-146400  Interest received on loans 
    and credits to foreign nations......         102          86         110
  20-148400  Interest on deposits in tax 
    and loan accounts...................         510         602         622
  20-149900  Interest received from 
    credit financing accounts...........      10,585      11,914      12,596
  20-168200  Gain by exchange on foreign 
    currency denominated public debt 
    securities..........................           5
  20-276330  Community Development 
    Financial Institutions Fund, 
    Downward re-estimate of subsidies...           1           2
  20-276610  Air Transportation Safety 
    and System Stabilization Act, 
    Negative subsidies..................           3         538
  20-277130  Air Transportation 
    Stabilization guaranteed loan, 
    Downward reestimates of subsidies...          76         115
  20-286800  Dollar conversion of 
    foreign currency loan repayments....           2           4           4
  20-286900  Repayment of loans and 
    credits to foreign nations..........         263         108          25
  20-322000  All other general fund 
    proprietary receipts................       1,826       1,402       1,402
  20-387500  Budget clearing account 
    (suspense)..........................         115
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................      13,940      15,263      15,255
----------------------------------------------------------------------------
Intragovernmental payments:
  13-141000  Interest on investment, 
    economic development revolving fund.           1           1           1
  14-142400  Interest on investment, 
    Colorado River projects.............           4           4           4
  14-142700  Interest on advances to 
    Colorado River Dam fund, Boulder 
    Canyon project......................          11          11          11
  20-133700  Interest on loans to the 
    Helium Fund, Department of Interior.          65         157         157
  20-133800  Interest on loans to the 
    Presidio............................           3           3           3
  20-135000  Interest on loans to the 
    Secretary of Transportation, ocean 
    freight differential................           3           2           1
  20-135100  Interest on loans to BPA...         446         377         391
  20-135400  Interest on loans for 
    housing for the elderly or 
    handicapped.........................         127          78          30
  20-136100  Interest on loans to the 
    Secretary of Transportation, 
    railroad rehabilitation and 
    improvement fund....................           1           1           1
  20-136300  Interest on loans for 
    college housing and academic 
    facilities loans, Education.........           7           8           7
  20-140100  Interest on loans to 
    Commodity Credit Corporation........         132         420         460
  20-141700  Interest on loans to 
    Tennessee Valley Authority..........           2           2           2
  20-141800  Interest on loans to 
    Federal Financing Bank..............         552         393         786
  20-143300  Interest on loans to 
    national flood insurance fund, DHS..           1
  20-149500  Interest payments on 
    repayable advances to the black lung 
    disability trust fund...............         675         695         717
    Legislative proposal, not subject to 
      PAYGO.............................                               2,282
  20-149700  Payment of interest on 
    advances to the Railroad Retirement 
    Board...............................         159         170         193
  20-241600  Charges for administrative 
    expenses of Social Security Act as 
    amended.............................         783         879         852
  20-310100  Recoveries from Federal 
    agencies for settlement of claims 
    for contract disuptes...............         230
  20-311200  Reimbursement from Federal 
    agencies for payments made as a 
    result of discriminatory conduct....          15          14          12
  20-320000  Receivables from cancelled 
    accounts............................         148         150         150
  20-388500  Undistributed 
    intragovernmental payments..........         809
  73-142800  Interest on advances to 
    Small Business Administration.......          10           8           6
  91-142200  Interest on loans, higher 
    education facilities loan fund......           1           1           1
                                           ---------   ---------  ----------
General Fund Intragovernmental payments.       4,185       3,374       6,067
---------------------------------------------------------------------------

                                


 
          ADMINISTRATIVE PROVISIONS--DEPARTMENT OF THE TREASURY

                      (including transfer of funds)

    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] notification of 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] notification of 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:

[[Page 953]]

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 Services, Salaries and Expenses to 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 Collection Fund.
    Sec. 216. Section 122(g)(1) of Public Law 105-119, as amended (5 
U.S.C. 3104 note), is further amended by striking [``7 years''] ``8 
years'' and inserting [``8 years''] ``9 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. None of the funds appropriated or otherwise made 
available by this or any other Act or source to the Secretary of the 
Treasury may be expended to develop, study, or implement any plan to 
reallocate the resources of, or merge the Financial Crimes Enforcement 
Network into the Departmental Offices--Salaries and Expenses, or any 
other office within the Department of the Treasury.]
    Sec. 217. Section 3333(a) of Title 31, United States Code, is 
amended by deleting paragraph (3) and inserting in lieu thereof the 
following:
    ``(3) The amount of the relief, and the amount of any relief granted 
to an official or agent of the Department of the Treasury under 31 
U.S.C. 3527, 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.'' (Department of the 
Treasury Appropriations Act, 2006.)
