    [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 2008

                           DEPARTMENT OF THE TREASURY

                              DEPARTMENTAL OFFICES

                                  Federal Funds

                              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,
    $250,141,000, of which not to exceed $3,000,000, to remain available
    until September 30, 2009, for information technology modernization
    requirements; not to exceed $200,000 for official reception and
    representation expenses; not to exceed $258,000 for unforeseen
    emergencies of a confidential nature, to be allocated and expended under
    the direction of the Secretary of the Treasury and to be accounted for
    solely on his certificate; $5,114,000, to remain available until
    September 30, 2009, 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, That this transfer authority shall be in
    addition to any other provided in this Act; of which $3,000,000, to
    remain available until September 30, 2009 is for secure space
    requirements; $2,300,000, to remain available until September 30, 2009
    is for salary and benefits for hiring of personnel whose work will
    require completion of a security clearance investigation in order to
    perform highly classified work; and $2,100,000, to remain available
    until September 30, 2010, is to develop and implement programs within
    the Office of Critical Infrastructure Protection and Compliance Policy,
    including entering into cooperative agreements.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Economic policies and programs....          32          32          45
    00.02 Financial policies and programs...          25          25          29
    00.03 Terrorism and Financial
            Intelligence....................          39          39          56
    00.04 Treasury-wide management policies
            and programs....................          12          12          16
    00.05 Treasury-wide financial statement
            audit...........................           4           4           5
    00.07 Executive Direction...............          16          16          20
    00.08 Administration programs activities          65          64          79
                                               ---------   ---------  ----------
    01.00   Subtotal, Direct programs.......         193         192         250
    09.11 Reimbursable program..............          17          20          20
                                               ---------   ---------  ----------
    09.99   Subtotal, reimbursable program..          17          20          20
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         210         212         270
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           4           4
    22.00 New budget authority (gross)......         214         212         270
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         215         216         274
    23.95 Total new obligations.............        -210        -212        -270
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           4           4           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         198         192         250
    40.35   Appropriation permanently
              reduced.......................          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         196         192         250
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).          16          20          20
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........           2
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......          18          20          20
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         214         212         270
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          52          51          51
    73.10 Total new obligations.............         210         212         270
    73.20 Total outlays (gross).............        -213        -207        -258
    73.40 Adjustments in expired accounts
            (net)...........................          -1          -5          -5
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -2
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           5
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          51          51          58
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         181         175         221
    86.93 Outlays from discretionary
            balances........................          32          32          37
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         213         207         258
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........         -21         -20         -20
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -2
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         196         192         250
    90.00 Outlays...........................         192         187         238
    ----------------------------------------------------------------------------

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

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............            196            192             250
      Outlays.....................            192            187             238
    Supplemental proposal:
      Budget Authority............                             3
      Outlays.....................                             2               1

    Total:
      Budget Authority............            196            195             250
      Outlays.....................            192            189             239

        Departmental Offices, as the headquarters bureau for the Department
    of the Treasury, provides leadership in such critical areas as economic
    and financial policy, terrorism and financial intelligence, 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. Through effective
    management, policies, and leadership, the Treasury Department enables
    the use of financial tools in the war on terror, promotes the stability
    of the nation's financial markets, and ensures the government's ability
    to collect revenue.

        The 2008 Budget for the Salaries and Expenses appropriation provides
    new resources to create a platform for global growth and security by
    fortifying economic relations with for

    [[Page 850]]

    eign countries and financial institutions, and increased resources for
    analysis of corporate mergers and acquisitions in the U.S. for national
    security concerns. The Budget also provides resources to combat attempts
    by Specially Designated Global Terrorists and their support networks to
    evade U.S. and international sanctions; track, identify, and designate
    the financiers and other supporters of Weapons of Mass Destruction
    proliferation; and allows for an increase in policy advisors dedicated
    to the Western Hemisphere, Africa and the Middle East-South Asia nexus,
    bringing together the U.S. government tools available to law enforcement
    and national security agencies.

        The Budget proposes legislation to give the Secretary of the
    Treasury the ability to manage the government's short-term excess
    operating cash more efficiently. Under the current authority, which is
    codified at 31 U.S.C. 323, the Government is authorized to invest its
    short-term excess cash in obligations of the United States Government
    and depositary institutions, principally, banks, savings and loan
    associations, and credit unions. This initiative would enable the
    Secretary of the Treasury to broaden investment options and improve
    earnings on investments while not increasing the level of risk of those
    investments. This initiative is expected to increase the interest
    earnings on the Treasury's investment of short-term excess cash by
    approximately $10 million a year. Such earnings would be deposited in
    the general fund of the Treasury.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................          90          90         115
    12.1    Civilian personnel benefits.....          22          22          24
    21.0    Travel and transportation of
              persons.......................           4           4           7
    23.1    Rental payments to GSA..........           6           6           5
    23.3    Communications, utilities, and
              miscellaneous charges.........          11          11           8
    24.0    Printing and reproduction.......           3           3           3
    25.1    Advisory and assistance services          23          23          53
    25.2    Other services..................          18          18          10
    25.3    Other purchases of goods and
              services from Government
              accounts......................          11          11          19
    25.7    Operation and maintenance of
              equipment.....................           1                       1
    26.0    Supplies and materials..........           3           3           4
    31.0    Equipment.......................           1           1           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............         193         192         250
    99.0  Reimbursable obligations..........          17          20          20
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         210         212         270
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0101-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................         900       1,058       1,136
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................          97          90          90
    ---------------------------------------------------------------------------

             Department-Wide Systems and Capital Investments Programs

                          (including transfer of funds)

         For development and acquisition of automatic data processing
    equipment, software, and services for the Department of the Treasury,
    $18,710,000, to remain available until September 30, 2010: 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''.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0115-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........          25          24          19
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          25          24          19
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          15          15          15
    22.00 New budget authority (gross)......          24          24          19
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          40          39          34
    23.95 Total new obligations.............         -25         -24         -19
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          15          15          15
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          24          24          19
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          13          17          15
    73.10 Total new obligations.............          25          24          19
    73.20 Total outlays (gross).............         -20         -26         -27
    73.45 Recoveries of prior year
            obligations.....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          17          15           7
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           6          11           9
    86.93 Outlays from discretionary
            balances........................          14          15          18
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          20          26          27
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          24          24          19
    90.00 Outlays...........................          20          26          27
    ---------------------------------------------------------------------------

        This account is authorized to be used by or on behalf of Treasury
    bureaus, at the Secretary's discretion, to modernize business processes
    and increase efficiency through technology investments. The 2008 Budget
    provides funds to begin work on a pilot Enterprise Content Management
    Solution, improve the capabilities and capacity of Treasury's Secure
    Data Network, and improve Treasury's Cyber Security.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0115-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    23.1  Rental payments to GSA............           1           1           1
    25.2  Other services....................          21          20          14
    31.0  Equipment.........................           3           3           4
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          25          24          19
    ---------------------------------------------------------------------------

                           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, $18,450,000, of which not to exceed $2,000,000 for official
    travel expenses, including hire of passenger motor vehicles; of which
    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; and of which not to exceed $2,500
    shall be available for official reception and representation expenses.

    [[Page 851]]

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0106-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Audits............................          12          12          12
    00.02 Investigations....................           6           5           6
    09.01 Reimbursable program..............           1           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          19          18          19
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                                   1
    22.00 New budget authority (gross)......          19          19          19
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          19          19          20
    23.95 Total new obligations.............         -19         -18         -19
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........                       1           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          17          17          18
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).           1           2           1
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........           1
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......           2           2           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          19          19          19
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           2           1
    73.10 Total new obligations.............          19          18          19
    73.20 Total outlays (gross).............         -20         -19         -19
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          17          17          17
    86.93 Outlays from discretionary
            balances........................           3           2           2
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          20          19          19
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

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

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

        The Office of Inspector General (OIG) 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 2008, the OIG Office of Audit will continue, as a first priority,
    to address mandated audits related to financial statements, information
    security, Treasury procurements on behalf of the Department of Defense,
    and as necessary, failed financial institutions resulting in material
    losses to the deposit insurance funds. OIG will provide audit oversight
    in a number of critical areas, in particular programs to Combat
    Terrorist Financing and Money Laundering, efforts to ensure the
    integrity of Treasury's information systems, and Treasury's management
    of capital investments.

        In 2008, the Office of Investigations will continue investigating
    all reports of fraud, waste and abuse and other criminal activity, such
    as financial programs where fraud and other crimes are involved in the
    issuance of licenses or benefits to citizens, will perform oversight or
    quality assurance reviews of Treasury's police operations at the Bureau
    of Engraving and Printing and the U.S. Mint, and will conduct proactive
    efforts to detect, investigate and deter electronic crimes and other
    threats to the Treasury's physical and cyber critical infrastructure.
    The Office of Investigations will continue 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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          10          11          11
    11.5      Other personnel compensation..           1           1           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          11          12          12
    12.1    Civilian personnel benefits.....           3           3           3
    23.1    Rental payments to GSA..........           1           2           2
    25.3    Other purchases of goods and
              services from Government
              accounts......................           1                       1
                                               ---------   ---------  ----------
    99.0      Direct obligations............          16          17          18
    99.0  Reimbursable obligations..........           2           1           1
    99.5  Below reporting threshold.........           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          19          18          19
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0106-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................         116         115         115
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................           4           2
    ---------------------------------------------------------------------------

                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;
    $140,533,000, of which not to exceed $6,000,000 for official travel
    expenses; of which 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; and of which not to
    exceed $1,500 shall be available for official reception and
    representation expenses.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Audit.............................          48          50          53
    00.02 Investigations....................          83          82          88
    09.01 Reimbursable program..............           2           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         133         133         142
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         134         134         142

    [[Page 852]]

    23.95 Total new obligations.............        -133        -133        -142
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   New budget authority (gross),
              detail........................         133         132         141
    40.35   Appropriation permanently
              reduced.......................          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         132         132         141
    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           2           1           1
          Mandatory:

    62.00   Transferred from other accounts.                       1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         134         134         142
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Change in obligated balances......           9           9           9
    73.10 Total new obligations.............         133         133         142
    73.20 Total outlays (gross).............        -133        -133        -141
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           9           9          10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays (gross), detail...........         124         123         131
    86.93 Outlays from discretionary
            balances........................           9           9          10
    86.97 Outlays from new mandatory
            authority.......................                       1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         133         133         141
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Offsets.................          -2          -1          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         132         133         141
    90.00 Outlays...........................         131         132         140
    ---------------------------------------------------------------------------

        The Treasury Inspector General for Tax Administration (TIGTA)
    conducts independent audits and investigations of Treasury Department
    matters relating to the Internal Revenue Service (IRS), the IRS
    Oversight Board, and the IRS Office of Chief Counsel. TIGTA's oversight
    helps ensure that the IRS accomplishes its mission; improves its
    programs and operations; promotes economy, efficiency and effectiveness;
    and prevents and detects fraud, waste and abuse.

        In 2008, 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
    2006, TIGTA closed 3,412 criminal investigations.

        In 2008, 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
    2006 highlights include: 171 final reports issued; $1.8 billion in
    potential cost savings and increased and/or protected revenue
    identified; and 1.8 million taxpayer accounts potentially positively
    affected.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          75          71          76
    11.3      Other than full-time permanent                       1           1
    11.5      Other personnel compensation..           9           9           9
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          84          81          86
    12.1    Civilian personnel benefits.....          24          24          26
    21.0    Travel and transportation of
              persons.......................           3           4           5
    23.1    Rental payments to GSA..........           8           8           8
    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           6           7
    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............         131         132         141
    99.0  Reimbursable obligations..........           2           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         133         133         142
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0119-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................         835         817         835
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................           3           3           3
    ---------------------------------------------------------------------------

                Treasury Building and Annex Repair and Restoration

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Repair and improvement of Main
            Treasury........................          12
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          12
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           1          14
    22.00 New budget authority (gross)......          10          12
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                       1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          13          14          15
    23.95 Total new obligations.............         -12
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1          14          15
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

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

        Change in obligated balances:
    72.40 Obligated balance, start of year..           6           4
    73.10 Total new obligations.............          12
    73.20 Total outlays (gross).............         -14          -3          -7
    73.45 Recoveries of prior year
            obligations.....................                      -1          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           4                      -8
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           8
    86.93 Outlays from discretionary
            balances........................           6           3           7
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          14           3           7
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          10          12
    90.00 Outlays...........................          14           3           7
    ---------------------------------------------------------------------------

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

        The 2006 appropriation of $10 million was the final investment in
    the Treasury Building and Annex Repair and Restoration (TBARR) project.
    Major repairs and restoration have

    [[Page 853]]

    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. This schedule reflects remaining balances.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    23.1  Rental payments to GSA............
    23.1  Rental payments to GSA............           1
    32.0  Land and structures...............          11
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          12
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0108-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................           3
    ---------------------------------------------------------------------------

                      Expanded Access to Financial Services

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0121-0-1-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           2           2
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           2           2           2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           2           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           2           1           1
    73.45 Recoveries of prior year
            obligations.....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           1           1           1
    ----------------------------------------------------------------------------

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

                              Counterterrorism Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0117-0-1-751      2006 actual   2007 est.   2008 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..........           3           1           1
    23.95 Total new obligations.............          -2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1           1           1
    ----------------------------------------------------------------------------

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

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

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

        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). The remaining resources were used to fund
    projects related to domestic and international terrorism. This schedule
    reflects remaining balances in the account.

                           Terrorism Insurance Program

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0123-0-1-376      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Administrative Expenses...........           2           3           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           2           3           2
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           7           5           2
    23.95 Total new obligations.............          -2          -3          -2
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           5           2
    ----------------------------------------------------------------------------

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

        Outlays (gross), detail:
    86.98 Outlays from mandatory balances...           2           3           2
    ----------------------------------------------------------------------------

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

        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 extended 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 85 percent of the insured losses during calendar
    year 2007. 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, the trigger amounts for Federal payments increase from the
    original $5 million in aggregate insured losses from an act of terrorism
    to $100 million in calendar year 2007.

        The Budget only includes estimates of the general administrative
    costs of the program through December 31, 2007. 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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    11.1  Personnel compensation: Full-time
            permanent.......................           1           1           1
    25.1  Advisory and assistance services..           1           2           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           2           3           2
    ---------------------------------------------------------------------------

    [[Page 854]]

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0123-0-1-376      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................          10          10           8
    ---------------------------------------------------------------------------

                            Treasury Forfeiture Fund

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5697-0-2-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............           1           2           2
                                               ---------   ---------  ----------
    01.99 Balance, start of year............           1           2           2
        Receipts:
    02.40 Earnings on investments, Treasury
            forfeiture fund.................          27          20          20
    02.60 Forfeited cash and proceeds from
            sale of forfeited property,
            Treasury forfeiture fund........         245         250         250
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..         272         270         270
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         273         272         272
        Appropriations:
    05.00 Treasury forfeiture fund..........        -271        -270        -270
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............           2           2           2
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5697-0-2-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Asset forfeiture fund.............         314         303         270
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         314         303         270
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          91          83          50
    22.00 New budget authority (gross)......         271         270         270
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          35
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         397         353         320
    23.95 Total new obligations.............        -314        -303        -270
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          83          50          50
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         271         270         270
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         252         244         276
    73.10 Total new obligations.............         314         303         270
    73.20 Total outlays (gross).............        -287        -271        -270
    73.45 Recoveries of prior year
            obligations.....................         -35
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         244         276         276
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         243         243         243
    86.98 Outlays from mandatory balances...          44          28          27
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         287         271         270
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         271         270         270
    90.00 Outlays...........................         287         271         270
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         179         275         126
    92.02 Total investments, end of year:
            Federal securities: Par value...         275         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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    25.2  Other services....................          96         115         115
    25.3  Other purchases of goods and
            services from Government
            accounts........................         134         108          75
    41.0  Grants, subsidies, and
            contributions...................          84          80          80
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         314         303         270
    ---------------------------------------------------------------------------

                       Presidential Election Campaign Fund

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5081-0-2-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............
                                               ---------   ---------  ----------
    01.99 Balance, start of year............
        Receipts:
    02.60 Presidential election campaign
            fund............................          50          50          50
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          50          50          50
        Appropriations:
    05.00 Presidential election campaign
            fund............................         -50         -50         -42
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............                                   8
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5081-0-2-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.02 Nominating conventions for parties                      33         206
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                      33         206
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          97         147         164
    22.00 New budget authority (gross)......          50          50          42
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         147         197         206
    23.95 Total new obligations.............                     -33        -206
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         147         164
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....          50          50          42
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                      33         206
    73.20 Total outlays (gross).............                     -33        -206
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  42
    86.98 Outlays from mandatory balances...                      33         164
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                      33         206
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          50          50          42
    90.00 Outlays...........................                      33         206
    ---------------------------------------------------------------------------

        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 com

    [[Page 855]]

    mittee of a major party or a minor party that 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

        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.

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-5407-0-2-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................           2
    ---------------------------------------------------------------------------

                           Exchange Stabilization Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4444-0-3-155      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year (Special
            drawing rights).................      29,126      30,043      30,980
    22.00 New budget authority (gross)......         917         937         958
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      30,043      30,980      31,938
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........      30,043      30,980      31,938
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).         917         937         958
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..      14,135      14,135      14,135
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..      14,135      14,135      14,135
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.20     Interest on Federal securities        -683        -698        -714
    88.40     Interest on foreign
                investments.................        -234        -239        -244
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................        -917        -937        -958
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................        -917        -937        -958
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...      15,238      15,711      16,057
    92.02 Total investments, end of year:
            Federal securities: Par value...      15,711      16,057      16,410
    92.03 Total investments, start of year:
            non-Federal securities: Market
            value...........................                  19,812      20,248
    92.04 Total investments, end of year:
            non-Federal securities: Market
            value...........................      19,812      20,248      20,693
    ---------------------------------------------------------------------------

        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. As required by Public Law 95-612, the fund is not
    available to pay administrative expenses.

        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 2007 and 2008 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.

                                 Balance Sheet (in millions of dollars)

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

    2005 actual

    2006 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets: Investments in US
              securities:

    1102

    Treasury securities, par

    15,238

    15,711

    1201

    Non-Federal assets: Foreign Currency Investments

    19,256

    19,812

    1801

    Other Federal assets: Special Drawing Rights

    8,392

    8,655

    1999

    Total assets

    42,886

    44,178

        LIABILITIES:
    2207

    Non-Federal liabilities: Other

    9,334

    9,480

    2999

    Total liabilities

    9,334

    9,480

        NET POSITION:
    3100

    Appropriated capital

    200

    200

    3300

    Cumulative results of operations

    33,352

    34,498

    3999

    Total net position

    33,552

    34,698

    4999

    Total liabilities and net position

    42,886

    44,178

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

                               Working Capital Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4501-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.10 Working capital fund..............         206         245         245
    09.11 Administrative overhead...........           7           8           8
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         213         253         253
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          46          62          54

    [[Page 856]]

    22.00 New budget authority (gross)......         216         245         255
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          13
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         275         307         309
    23.95 Total new obligations.............        -213        -253        -253
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          62          54          56
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).         216         245         255
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          98         101         109
    73.10 Total new obligations.............         213         253         253
    73.20 Total outlays (gross).............        -197        -245        -254
    73.45 Recoveries of prior year
            obligations.....................         -13
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         101         109         108
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         151         233         242
    86.98 Outlays from mandatory balances...          46          12          12
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         197         245         254
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -216        -245        -255
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -19                      -1
    ---------------------------------------------------------------------------

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
    11.1  Personnel compensation: Full-time
            permanent.......................          22          21          21
    12.1  Civilian personnel benefits.......           4           6           6
    21.0  Travel and transportation of
            persons.........................                       1           1
    23.1  Rental payments to GSA............           5           3           3
    23.3  Communications, utilities, and
            miscellaneous charges...........          15          15          15
    25.2  Other services....................         161         186         186
    25.3  Other purchases of goods and
            services from Government
            accounts........................           2           2           2
    25.7  Operation and maintenance of
            equipment.......................           3           3           3
    26.0  Supplies and materials............                       2           2
    31.0  Equipment.........................           1          14          14
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         213         253         253
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-4501-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         200         233         233
    ---------------------------------------------------------------------------

                             Treasury Franchise Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Consolidated/Integrated
            Administrative Management.......         540         595         689
    09.02 Financial Management
            Administrative Support Service..          89          91          99
    09.03 Financial Systems, Consulting and
            Training........................          13           9           9
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         642         695         797
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         251         235         395
    22.00 New budget authority (gross)......         574         805         824
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          53          50          50
    22.21 Unobligated balance transferred to
            other accounts..................          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         877       1,090       1,269
    23.95 Total new obligations.............        -642        -695        -797
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         235         395         472
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).         641         700         807
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........         -67         105          17
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......         574         805         824
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..        -168        -183        -408
    73.10 Total new obligations.............         642         695         797
    73.20 Total outlays (gross).............        -671        -765        -820
    73.45 Recoveries of prior year
            obligations.....................         -53         -50         -50
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          67        -105         -17
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..        -183        -408        -498
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         489         625         640
    86.93 Outlays from discretionary
            balances........................         182         140         180
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         671         765         820
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -641        -700        -807
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          67        -105         -17
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................          30          65          13
    ---------------------------------------------------------------------------

        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.

    [[Page 857]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
          Personnel compensation:

    11.1    Full-time permanent.............          37          41          46
    11.5    Other personnel compensation....           2           2           2
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          39          43          48
    12.1  Civilian personnel benefits.......          11          15          17
    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...........           1
    25.1  Advisory and assistance services..          11          12          14
    25.2  Other services....................         513         555         641
    25.3  Other purchases of goods and
            services from Government
            accounts........................          47          51          59
    25.7  Operation and maintenance of
            equipment.......................           3           3           3
    26.0  Supplies and materials............           1           2           2
    31.0  Equipment.........................          12          10           9
                                               ---------   ---------  ----------
    99.0    Reimbursable obligations........         642         695         797
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         642         695         797
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-4560-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         645         827         909
    ---------------------------------------------------------------------------

                 Air Transportation Stabilization Program Account

         Sections 101(a)(1), 102, 104, and 107(2) of the Air Transportation
    Safety and System Stabilization Act (title I, P.L. 107-42) are hereby
    repealed. All unobligated balances under this heading are cancelled.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.09 Administrative expenses...........           3           1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................           3           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           1           4
    22.00 New budget authority (gross)......           3                      -4
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                       4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           4           5
    23.95 Total new obligations.............          -3          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................           3
    40.36   Unobligated balance permanently
              reduced.......................                                  -4
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............           3                      -4
    ----------------------------------------------------------------------------

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

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

        Net budget authority and outlays:
    89.00 Budget authority..................           3                      -4
    90.00 Outlays...........................           3           1
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Guaranteed loan downward reestimates:
    237001Airline loan guarantees...........        -115         -42
                                               ---------   ---------  ----------
    237999Total downward reestimate subsidy
            budget authority................        -115         -42
    ----------------------------------------------------------------------------

        Administrative expense data:
    3510  Budget authority..................           4           1
    3580  Outlays from balances.............           3           1
    ---------------------------------------------------------------------------

        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, has one loan
    remaining, and expects to complete its activities in 2007. Following
    termination of the Board in 2007, the Budget seeks to cancel all
    unobligated balances in 2008 to close out the program.

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0122-0-1-402      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................           2
    ---------------------------------------------------------------------------

        Air Transportation Stabilization Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4286-0-3-402      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.02 Interest payments to Treasury.....           1           1
    00.03 Guarantee Fee Rebates.............           5
    00.04 Fee for Sale of Loan Assets.......           5
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............          11           1
    08.01 Payment of negative subsidy to
            receipt account.................         538
    08.02 Payment of downward reestimates to
            receipt account.................         109          38
    08.04 Payment of Interest on Downward
            Reestimates to Receipt Account..           6           4
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............         653          42
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         664          43
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         698          24
    22.00 New financing authority (gross)...          46          31
    22.60 Portion applied to repay debt.....         -47         -12
    22.70 Balance of authority to borrow
            withdrawn.......................          -9
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         688          43
    23.95 Total new obligations.............        -664         -43
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          24
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           1
    67.10   Authority to borrow.............           9          10
            Spending authority from
                offsetting collections:
    69.00     Offsetting collections--
                Federal.....................           3
    69.00     Offsetting collections--Non-
                Federal.....................          34          21
    69.27     Capital transfer to general
                fund........................          -1
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........          36          21
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          46          31
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         664          43
    73.20 Total financing disbursements
            (gross).........................        -665         -42
    ----------------------------------------------------------------------------

    [[Page 858]]

        Outlays (gross), detail:
    87.00 Total financing disbursements
            (gross).........................         665          42
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.25     Interest on uninvested funds..          -3
    88.40     Non-Federal sources...........         -34         -21
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................         -37         -21
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           9          10
    90.00 Financing disbursements...........         628          21
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4286-0-3-402      2006 actual   2007 est.   2008 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
    2142  Uncommitted loan guarantee
            limitation......................                              -8,258
    2143  Uncommitted limitation carried
            forward.........................      -8,258      -8,258
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         955
    2251  Repayments and prepayments........        -955
    2264  Adjustments: Other adjustments,
            net.............................
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........
    ----------------------------------------------------------------------------

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

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

    2310    Outstanding, start of year......         125          75
    2331    Disbursements for guaranteed
              loan claims...................
    2351    Repayments of loans receivable..         -11         -21
    2361    Write-offs of loans receivable..         -39         -54
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          75
    ---------------------------------------------------------------------------

        The Board expects to complete 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

    2005 actual

    2006 actual

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

    Federal assets: Fund balances with Treasury

    698

    24

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

    1501

    Defaulted guaranteed loans receivable, gross

    125

    75

    1505

    Allowance for subsidy cost (-)

    -100

    -51

    1599

    Net present value of assets related to defaulted guaranteed loans

    25

    24

    1999

    Total assets

    723

    48

        LIABILITIES:
          Federal liabilities:

    2103

    Principal Payable to Bureau of Public Debt

    53

    6

    2104

    Payable to Treasury for FY 2005 Downward Reestimates

    117

    42

    2204

    Non-Federal liabilities: Liabilities for loan guarantees

    553

    2999

    Total liabilities

    723

    48

    4999

    Total liabilities and net position

    723

    48

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

        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, $28,557,000, to
    remain available until September 30, 2009, of which up to $12,200,000
    may be used for administrative expenses, including administration of the
    New Markets Tax Credit, up to $2,500,000 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
    $5,000,000.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct loan subsidy...............                       1           1
    00.05 Upward Reestimate of Credit
            Subsidy.........................                       1
    00.09 General administrative expenses...          16          14          12
    00.11 Bank enterprise awards program....          12           8
    00.12 Financial Assistance..............          25          15          15
    00.13 Technical Assistance..............           2           2           2
    00.14 Native American/Hawaiian Program..           4           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          59          43          30
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           4           2           2
    22.00 New budget authority (gross)......          55          42          29
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2           1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          61          45          32
    23.95 Total new obligations.............         -59         -43         -30
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           2           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          55          41          29
    40.35   Appropriation permanently
              reduced.......................          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          54          41          29
    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1
          Mandatory:

    60.00   Appropriation...................                       1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          55          42          29
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          64          54          57
    73.10 Total new obligations.............          59          43          30
    73.20 Total outlays (gross).............         -65         -38         -42
    73.40 Adjustments in expired accounts
            (net)...........................          -2          -1
    73.45 Recoveries of prior year
            obligations.....................          -2          -1          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          54          57          44
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          22           5           3
    86.93 Outlays from discretionary
            balances........................          43          32          39
    86.97 Outlays from new mandatory
            authority.......................                       1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          65          38          42
    ----------------------------------------------------------------------------

    [[Page 859]]

        Offsets:
          Against gross budget authority and outlays:

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

        Net budget authority and outlays:
    89.00 Budget authority..................          54          42          29
    90.00 Outlays...........................          64          38          42
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001Community Development Financial
            Institutions Prog Fin Assist....           1           3           2
                                               ---------   ---------  ----------
    115999Total direct loan levels..........           1           3           2
        Direct loan subsidy (in percent):
    132001Community Development Financial
            Institutions Prog Fin Assist....       37.47       37.47       37.52
                                               ---------   ---------  ----------
    132999Weighted average subsidy rate.....       37.47       37.47       37.52
        Direct loan subsidy budget authority:
    133001Community Development Financial
            Institutions Prog Fin Assist....                       1           1
                                               ---------   ---------  ----------
    133999Total subsidy budget authority....                       1           1
        Direct loan subsidy outlays:
    134001Community Development Financial
            Institutions Prog Fin Assist....           3           3
                                               ---------   ---------  ----------
    134999Total subsidy outlays.............           3           3
        Direct loan upward reestimates:
    135001Community Development Financial
            Institutions Prog Fin Assist....                       1
                                               ---------   ---------  ----------
    135999Total upward reestimate budget
            authority.......................                       1
        Direct loan downward reestimates:
    137001Community Development Financial
            Institutions Prog Fin Assist....          -2
                                               ---------   ---------  ----------
    137999Total downward reestimate budget
            authority.......................          -2
    ---------------------------------------------------------------------------

        The Riegle Community Development and Regulatory Improvement Act of
    1994 established the Community Development Financial Institutions (CDFI)
    Fund. The CDFI Fund provides equity investments, grants, loans, and
    technical assistance to new and existing community development financial
    institutions (CDFIs) such as community development banks, community
    development credit unions, community development loan and venture
    capital funds, and microenterprise loan funds. Funds provided by the
    CDFI Fund are matched by private funds and will enhance the capacity of
    these institutions to finance economic development, including small
    businesses, community facilities, housing, and other community
    development initiatives in distressed urban, rural, Native American,
    Native Hawaiian, and Alaska Native communities. In addition, the CDFI
    Fund administers the New Markets Tax Credit Program by providing
    allocations of tax credits to Community Development Entities (CDEs)
    which in turn provide the tax credits to entities which invest in the
    CDEs. The 2008 Budget does not request funds for the Bank Enterprise
    Awards Program.

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    11.1  Personnel compensation: Full-time
            permanent.......................           5           5           5
    12.1  Civilian personnel benefits.......           1           1           2
    23.1  Rental payments to GSA............           1           1           1
    25.2  Other services....................           9           7           5
    41.0  Grants, subsidies, and
            contributions...................          43          29          17
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          59          43          30
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-1881-0-1-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................          48          63          63
    ---------------------------------------------------------------------------

     Community Development Financial Institutions Fund Direct Loan Financing
                                     Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4088-0-3-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct loans......................           1           3           2
    00.02 Interest paid to Treasury.........           2           2           1
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............           3           5           3
    08.02 Downward Reestimate--Credit
            Subsidy.........................           2           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           5           6           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                       1
    22.00 New financing authority (gross)...           7           7           3
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1           1
    22.60 Portion applied to repay debt.....          -2          -3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           6           6           3
    23.95 Total new obligations.............          -5          -6          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           1
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............           3           3           2
            Spending authority from
                offsetting collections:
    69.00     Offsetting collections (cash).           6           6           3
    69.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          -2          -2          -2
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........           4           4           1
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................           7           7           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           5                       2
    73.10 Total new obligations.............           5           6           3
    73.20 Total financing disbursements
            (gross).........................         -11          -5          -5
    73.45 Recoveries of prior year
            obligations.....................          -1          -1
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           2           2           2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..                       2           2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    87.00 Total financing disbursements
            (gross).........................          11           5           5
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

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

    88.95   Change in receivables from
              program accounts..............           2           2           2
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           3           3           2
    90.00 Financing disbursements...........           5          -1           2
    ---------------------------------------------------------------------------

    [[Page 860]]

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4088-0-3-451      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........          11           8           6
    1142  Unobligated direct loan limitation
            (-).............................         -10          -5          -4
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...           1           3           2
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          62          67          70
    1231  Disbursements: Direct loan
            disbursements...................           7           5           5
    1251  Repayments: Repayments and
            prepayments.....................          -2          -2          -1
    1263  Write-offs for default: Direct
            loans...........................
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          67          70          74
    ---------------------------------------------------------------------------

        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.

                                 Balance Sheet (in millions of dollars)

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

    2005 actual

    2006 actual

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

    1401

    Direct loans receivable, gross

    62

    67

    1405

    Allowance for subsidy cost (-)

    -22

    -22

    1499

    Net present value of assets related to direct loans

    40

    45

    1999

    Total assets

    40

    45

        LIABILITIES:
    2103

    Federal liabilities: Debt

    40

    45

    2999

    Total liabilities

    40

    45

    4999

    Total liabilities and net position

    40

    45

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

                         Violent Crime Reduction Program

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8526-0-1-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           1           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           1           1           1
    ----------------------------------------------------------------------------

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

        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.

                      FINANCIAL CRIMES ENFORCEMENT NETWORK

                                  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 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, $85,844,000, of which not to exceed $16,340,000 shall
    remain available until September 30, 2010; and of which $8,955,000 shall
    remain available until September 30, 2009: Provided, That funds
    appropriated in this account may be used to procure personal services
    contracts.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 BSA administration and Analysis...          62          62          77
    00.02 Regulatory support programs,
            including money services
            businesses......................           9           9           9
    09.01 Reimbursable program..............           3           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          74          73          88
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           7           8           8
    22.00 New budget authority (gross)......          76          73          88
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          83          81          96
    23.95 Total new obligations.............         -74         -73         -88
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           8           8           8
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          74          71          86
    40.35   Appropriation permanently
              reduced.......................          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          73          71          86
    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           3           2           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          76          73          88
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          23          20          20
    73.10 Total new obligations.............          74          73          88
    73.20 Total outlays (gross).............         -75         -73         -89
    73.40 Adjustments in expired accounts
            (net)...........................          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          20          20          19
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          57          56          67
    86.93 Outlays from discretionary
            balances........................          18          17          22
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          75          73          89
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -3          -2          -2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          73          71          86
    90.00 Outlays...........................          72          71          87
    ---------------------------------------------------------------------------

        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

    [[Page 861]]

    money laundering. FinCEN is responsible for administering and ensuring
    compliance with the Bank Secrecy Act (BSA), a law that requires
    financial institutions to file reports on certain types of financial
    activity and to establish appropriate internal controls to guard against
    terrorist financing, money laundering, and other types of illicit
    finance. FinCEN fulfills its responsibility to safeguard the financial
    system through administration of the BSA, supporting law enforcement,
    intelligence, and regulatory agencies through sharing and analysis of
    financial intelligence, building global cooperation with counterpart
    financial intelligence units, and by networking people, ideas, and
    information.

        The 2008 Budget provides FinCEN with additional resources to improve
    its project management capability, including information technology and
    non-information technology projects. This funding will assist FinCEN in
    achieving consistent project results by standardizing processes and
    procedures and implementing best practices.

         In 2006 two FinCEN programs underwent PART evaluations. First, an
    evaluation of the BSA Analysis program found that although FinCEN
    produces both routine and advanced analysis of BSA data in support of
    law enforcement, more work is needed to increase the percentage of
    advanced analytical products, such as reports, that are produced. Also,
    FinCEN will begin to measure the impact of its efforts to strengthen
    anti-terrorist financing and anti-money laundering programs worldwide.
    Second, an evaluation of the BSA Administration activities found that
    FinCEN has annual performance measures that focus on the implementation
    of the BSA, but more work is needed to measure the impact of program
    activities on preventing the misuse of the financial system by those
    engaged in illicit activities.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          27          28          29
    11.5      Other personnel compensation..           1           1           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          28          29          30
    12.1    Civilian personnel benefits.....           7           7           8
    21.0    Travel and transportation of
              persons.......................           1           1           2
    23.1    Rental payments to GSA..........           5           5           5
    23.3    Communications, utilities, and
              miscellaneous charges.........           1           2           1
    25.1    Advisory and assistance services           1           1           1
    25.2    Other services..................           8           8          16
    25.3    Other purchases of goods and
              services from Government
              accounts......................          12           9          10
    25.4    Operation and maintenance of
              facilities....................                       1           1
    25.7    Operation and maintenance of
              equipment.....................           2           6           6
    31.0    Equipment.......................           6           2           6
                                               ---------   ---------  ----------
    99.0      Direct obligations............          71          71          86
    99.0  Reimbursable obligations..........           3           2           2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          74          73          88
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0173-0-1-751      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................         296         334         356
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................           1           1           1
    ---------------------------------------------------------------------------

                          FINANCIAL MANAGEMENT SERVICE

                                  Federal Funds

                              Salaries and Expenses

         For necessary expenses of the Financial Management Service,
    $235,191,000, of which not to exceed $9,220,000 shall remain available
    until September 30, 2010, for information systems modernization
    initiatives; and of which not to exceed $2,500 shall be available for
    official reception and representation expenses.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............                                  11
                                               ---------   ---------  ----------
    01.99 Balance, start of year............                                  11
        Receipts:
    02.20 Debt collection...................          47          57          56
    02.21 Debt collection--legislative
            proposal subject to PAYGO.......                                  22
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..          47          57          78
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          47          57          89
        Appropriations:
    05.00 Salaries and expenses.............         -47         -46         -57
    05.01 Salaries and expenses--legislative
            proposal subject to PAYGO.......                                 -22
                                               ---------   ---------  ----------
    05.99   Total appropriations............         -47         -46         -79
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............                      11          10
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.05 Payments..........................         143         144         148
    00.06 Collections.......................          18          17          20
    00.07 Debt collection...................          55          56          57
    00.08 Government-wide accounting and
            reporting.......................          67          63          67
    09.01 Reimbursable program..............         134         149         158
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         417         429         450
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          25          24          23
    22.00 New budget authority (gross)......         415         428         450
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         442         452         473
    23.95 Total new obligations.............        -417        -429        -450
    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...................         236         233         235
    40.35   Appropriation permanently
              reduced.......................          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         234         233         235
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).         116         149         158
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          18
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......         134         149         158
          Mandatory:

    60.20   Appropriation (special fund)....          47          46          57
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         415         428         450
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          49          38          33
    73.10 Total new obligations.............         417         429         450
    73.20 Total outlays (gross).............        -417        -434        -448
    73.40 Adjustments in expired accounts
            (net)...........................          -3
    73.45 Recoveries of prior year
            obligations.....................          -2
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -18
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................          12
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          38          33          35
    ----------------------------------------------------------------------------

    [[Page 862]]

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         344         349         360
    86.93 Outlays from discretionary
            balances........................          23          32          32
    86.97 Outlays from new mandatory
            authority.......................          22          27          27
    86.98 Outlays from mandatory balances...          28          26          29
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         417         434         448
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -135        -149        -158
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -18
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............          19
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         281         279         292
    90.00 Outlays...........................         282         285         290
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............            281            279             292
      Outlays.....................            282            285             290
    Legislative proposal, subject to
        PAYGO:
      Budget Authority............                                            22
      Outlays.....................                                            22

    Total:
      Budget Authority............            281            279             314
      Outlays.....................            282            285             312

        For the 2008 Budget, the Financial Management Service will focus its
    efforts on the following four areas:

        1. Payments.--FMS develops and 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). This includes controlling and providing financial
    integrity to the Federal payments and collections process through
    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 2005 evaluation using OMB's Program
    Assessment Rating Tool (PART).

                               WORKLOAD STATISTICS

                                   (Thousands)

                                         2006 actual  2007 est.   2008 est.
    1. Number of check claims
    submitted.....................          1,500          1,300           1,200
    2. Number of check payments...        219,054        214,167         208,039
    3. Number of electronic
    payments......................        744,980        765,970         786,666

        2. Collections.--FMS implements collections policy, regulations,
    standards, and procedures for the Federal Government, facilitates
    collections, promotes the use of electronics in the collections process,
    and assists agencies in converting collections from paper to electronic
    media. The Collections activity received an ``effective'' PART rating in
    2004.

        3. Debt Collection.--FMS provides debt collection operational
    services to client agencies that include collection of delinquent
    accounts, child support debt, 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 2003.

        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 and 2007 Budget and are reproposed in 2008. In
    addition, the Budget proposes legislation to revise an existing
    exception to the Right to Financial Privacy Act to allow the Federal
    Government to trace and recover federal payments sent electronically to
    the wrong account.

        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. The Government-wide
    Accounting activity received a ``moderately effective'' PART rating in
    2006.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         134         134         136
    11.3      Other than full-time permanent           3           3           4
    11.5      Other personnel compensation..           4           4           5
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         141         141         145
    12.1    Civilian personnel benefits.....          36          36          36
    21.0    Travel and transportation of
              persons.......................           3           2           2
    23.1    Rental payments to GSA..........          17          17          17
    23.2    Rental payments to others.......           1           1           1
    23.3    Communications, utilities, and
              miscellaneous charges.........          12          12          12
    24.0    Printing and reproduction.......           1           1           1
    25.1    Advisory and assistance services          10          10          12
    25.2    Other services..................          20          19          20
    25.3    Other purchases of goods and
              services from Government
              accounts......................           8           8           8
    25.4    Operation and maintenance of
              facilities....................           1           1           1
    25.7    Operation and maintenance of
              equipment.....................          18          18          20
    26.0    Supplies and materials..........           4           4           5
    31.0    Equipment.......................          10           9          11
    32.0    Land and structures.............           1           1           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............         283         280         292
    99.0  Reimbursable obligations..........         134         149         158
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         417         429         450
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-1801-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................       1,793       1,936       2,023
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         184         195          97
    ---------------------------------------------------------------------------

    [[Page 863]]

                              Salaries and expenses

                  (Legislative proposal, not subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-2-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Reimbursable program..............                                 -22
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                                 -22
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 -22
    23.95 Total new obligations.............                                  22
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).                                 -22
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 -22
    73.20 Total outlays (gross).............                                  22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                                 -22
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........                                  22
    ----------------------------------------------------------------------------

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

        Under current law, when the Financial Management Service (FMS)
    levies a payment to collect a delinquent tax debt referred by the
    Internal Revenue Service (IRS), the IRS pays a fee out of its annual
    appropriation to FMS to process the transaction. The Budget proposes to
    instead have the debtor pay the transaction costs in addition to their
    original debt. This would allow the IRS to refer all appropriate tax
    debts for offset, maximize revenue, and shift the cost of enforcement to
    delinquent tax debtors. These schedules reflect the elimination of
    discretionary spending and collections as a result of this proposal.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-2-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    99.0    Reimbursable obligations........                                 -22
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                                 -22
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-1801-2-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................                                -144
    ---------------------------------------------------------------------------

                              Salaries and expenses

                    (Legislative proposal, subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-4-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.07 Debt collection...................                                  22
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                                  22
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  22
    23.95 Total new obligations.............                                 -22
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                                  22
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  22
    73.20 Total outlays (gross).............                                 -22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  22
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  22
    90.00 Outlays...........................                                  22
    ---------------------------------------------------------------------------

        Under current law, when the Financial Management Service (FMS)
    levies a payment to collect a delinquent tax debt referred by the
    Internal Revenue Service (IRS), the IRS pays a fee out of its annual
    appropriation to FMS to process the transaction. The Budget proposes to
    instead have the debtor pay the transaction costs in addition to their
    original debt. This would allow the IRS to refer all appropriate tax
    debts for offset, maximize revenue, and shift the cost of enforcement to
    delinquent tax debtors. These schedules reflect an increase in mandatory
    spending as a result of this proposal. This additional spending is paid
    for by additional collections, resulting in a net deficit impact of
    zero.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1801-4-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    11.1  Personnel compensation: Full-time
            permanent.......................                                   9
    12.1  Civilian personnel benefits.......                                   3
    25.1  Advisory and assistance services..                                   1
    25.2  Other services....................                                   8
    31.0  Equipment.........................                                   1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                                  22
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-1801-4-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................                                 144
    ---------------------------------------------------------------------------

                    Payment to Justice, FIRREA Related Claims

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0177-0-1-752      2006 actual   2007 est.   2008 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 (FIRREA) and its implementation.

    [[Page 864]]

                  Payment to the Resolution Funding Corporation

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1851-0-1-908      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Interest on REFCORP obligations...       1,979       2,140       2,140
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................       1,979       2,140       2,140
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       1,979       2,140       2,140
    23.95 Total new obligations.............      -1,979      -2,140      -2,140
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       1,979       2,140       2,140
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       1,979       2,140       2,140
    73.20 Total outlays (gross).............      -1,979      -2,140      -2,140
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       1,979       2,140       2,140
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,979       2,140       2,140
    90.00 Outlays...........................       1,979       2,140       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, indefinite, mandatory 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      2006 actual   2007 est.   2008 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
    2006, $40 million in payments had been deposited in the Trust Funds.

                     Federal Reserve Bank Reimbursement Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1884-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Federal Reserve Bank services.....         288         256         295
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................         288         256         295
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          19          11
    22.00 New budget authority (gross)......         280         245         295
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         299         256         295
    23.95 Total new obligations.............        -288        -256        -295
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          11
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         280         245         295
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          57          69          69
    73.10 Total new obligations.............         288         256         295
    73.20 Total outlays (gross).............        -276        -256        -295
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          69          69          69
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                     245         295
    86.98 Outlays from mandatory balances...         276          11
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         276         256         295
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         280         245         295
    90.00 Outlays...........................         276         256         295
    ---------------------------------------------------------------------------

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Financial agent services..........         399         416         426
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.1)...................         399         416         426
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          38          30
    22.00 New budget authority (gross)......         391         386         426
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         429         416         426
    23.95 Total new obligations.............        -399        -416        -426
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          30
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    [[Page 865]]

    60.00   Appropriation...................         390         386         426
    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         391         386         426
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           2          51          51
    73.10 Total new obligations.............         399         416         426
    73.20 Total outlays (gross).............        -350        -416        -426
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          51          51          51
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         313         386         426
    86.98 Outlays from mandatory balances...          37          30
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         350         416         426
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

        Net budget authority and outlays:
    89.00 Budget authority..................         390         386         426
    90.00 Outlays...........................         349         416         426
    ---------------------------------------------------------------------------

        This permanent, 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, 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      2006 actual   2007 est.   2008 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..          18          18          18
    73.10 Total new obligations.............           7           8           8
    73.20 Total outlays (gross).............          -7          -8          -8
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          18          18          18
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           7           8           8
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           7           8           8
    90.00 Outlays...........................           7           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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Federal interest liabilities to
            States..........................           1           3           3
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................           1           3           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           1           3           3
    23.95 Total new obligations.............          -1          -3          -3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           1           3           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           1           3           3
    73.20 Total outlays (gross).............          -1          -3          -3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           1           3           3
    ----------------------------------------------------------------------------

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

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

                    Interest Paid to Credit Financing Accounts

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1880-0-1-908      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Interest paid to credit financing
            accounts........................       7,258       5,067       4,787
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................       7,258       5,067       4,787
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       7,258       5,067       4,787
    23.95 Total new obligations.............      -7,258      -5,067      -4,787
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       5,200       5,067       4,787
    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).       2,058
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       7,258       5,067       4,787
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       7,258       5,067       4,787
    73.20 Total outlays (gross).............      -7,258      -5,067      -4,787
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       7,258       5,067       4,787
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........      -2,058
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       5,200       5,067       4,787
    90.00 Outlays...........................       5,200       5,067       4,787
    ---------------------------------------------------------------------------

        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

    [[Page 866]]

    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.

                        Claims, Judgments, and Relief Acts

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1895-0-1-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Claims for damages................           9          11          11
    00.03 Claims for contract disputes......          82          99          99
                                               ---------   ---------  ----------
    00.91   Total claims adjudicated
              administratively..............          91         110         110
    01.01 Judgments, Court of Claims........         177         215         213
    01.02 Judgments, U.S. courts............         412         500         496
                                               ---------   ---------  ----------
    01.91   Total court judgments...........         589         715         709
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         680         825         819
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         680         825         819
    23.95 Total new obligations.............        -680        -825        -819
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         677         825         819
    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         680         825         819
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          16           7           7
    73.10 Total new obligations.............         680         825         819
    73.20 Total outlays (gross).............        -689        -825        -819
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           7           7           7
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         673         825         819
    86.98 Outlays from mandatory balances...          16
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         689         825         819
    ----------------------------------------------------------------------------

        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..................         677         825         819
    90.00 Outlays...........................         686         825         819
    ---------------------------------------------------------------------------

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    42.0  Direct obligations: Insurance
            claims and indemnities..........         677         825         819
    99.0    Reimbursable obligations:
              reimbursable obligations......           3
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         680         825         819
    ---------------------------------------------------------------------------

                         Restitution of Foregone Interest

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1875-0-1-908      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Restitution of foregone interest..         157
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................         157
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         157
    23.95 Total new obligations.............        -157
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         157
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         157
    73.20 Total outlays (gross).............        -157
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         157
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         157
    90.00 Outlays...........................         157
    ---------------------------------------------------------------------------

        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''
    declared during 2006. The statutes permit this action when Treasury is
    constrained by the statutory debt limit. They require Treasury to
    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 in 2006 to the Civil Service Retirement and Disability Fund for
    approximately $16 million and the G-Fund within the Thrift Savings Fund
    for $140 million.

                            Biomass Energy Development

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0114-0-1-271      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          25           4
    22.00 New budget authority (gross)......           6           5           9
    22.40 Capital transfer to general fund..         -27          -9          -9
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           4
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           6           5           9
    ----------------------------------------------------------------------------

        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.....          -6          -5          -9
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................          -6          -5          -9
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0114-0-1-271      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Addendum:

    [[Page 867]]

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

    2310    Outstanding, start of year......          51          50          48
    2351    Repayments of loans receivable..          -1          -2          -7
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          50          48          41
    ---------------------------------------------------------------------------

        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 of 1980. 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.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code 20-0114-0-
    1-271

    2005 actual

    2006 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
    1701

    Defaulted guaranteed loans, gross

    50

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

                       Continued Dumping and Subsidy Offset

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5688-0-2-376      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............         293
        Adjustments:
    01.91 Adjustment to 2003 SOY balance....        -293
                                               ---------   ---------  ----------
    01.99 Balance, start of year............
        Receipts:
    02.60 Antidumping and countervailing
            duties, Continued dumping and
            subsidy offset..................         476         356         364
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         476         356         364
        Appropriations:
    05.00 Continued dumping and subsidy
            offset..........................        -476        -356        -364
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -476        -356        -364
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5688-0-2-376      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Continued dumping and subsidy
            offset..........................         226         452         440
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         226         452         440
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         316         566         470
    22.00 New budget authority (gross)......         476         356         364
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         792         922         834
    23.95 Total new obligations.............        -226        -452        -440
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         566         470         394
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         476         356         364
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         226         452         440
    73.20 Total outlays (gross).............        -226        -452        -440
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from mandatory balances...         226         452         440
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         476         356         364
    90.00 Outlays...........................         226         452         440
    ---------------------------------------------------------------------------

        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 authority
    to distribute assessments collected after October 1, 2007 has been
    repealed. Assessments collected before October 1, 2007 will be disbursed
    as if the authority had not been repealed.

                           Check Forgery Insurance Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4109-0-3-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Reimbursable program..............          18          18          18
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................          18          18          18
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           6           3           3
    22.00 New budget authority (gross)......          15          18          18
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          21          21          21
    23.95 Total new obligations.............         -18         -18         -18
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3           3           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).          15          18          18
    ----------------------------------------------------------------------------

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

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          12          15          15
    86.98 Outlays from mandatory balances...           6           3           3
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          18          18          18
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           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 (see the ``Administrative Provisions--Department of
    the Treasury'' at the end of the Treasury Chapter of this Appendix).

    [[Page 868]]

                                   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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............          37          43          51
                                               ---------   ---------  ----------
    01.99 Balance, start of year............          37          43          51
        Receipts:
    02.00 General fund payments, Lower Brule
            Sioux Tribe terrestrial wildlife
            habitat restoration trust fund..           1           1           1
    02.01 Earnings on investments, Lower
            Brule Sioux Tribe terrestrial
            wildlife habitat restoration
            trust fund......................                       1           1
    02.02 General fund payments, Cheyenne
            River Sioux Tribe terrestrial
            wildlife habitat restoration
            trust fund......................           4           4           4
    02.03 Earnings on investments, Cheyenne
            River Sioux Tribe terrestrial
            wildlife habitat restoration
            trust fund......................           1           2           2
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..           6           8           8
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          43          51          59
        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..............          43          51          59
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8209-0-7-306      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        New budget authority (gross), detail:
          Mandatory:

    60.26   Appropriation (trust fund)......           5           5           5
    60.45   Portion precluded from balances.          -5          -5          -5
                                               ---------   ---------  ----------
    62.50     Appropriation (total
                mandatory)..................
    ----------------------------------------------------------------------------

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

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...          38          45          51
    92.02 Total investments, end of year:
            Federal securities: Par value...          45          51          57
    ---------------------------------------------------------------------------

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

                             FEDERAL FINANCING BANK

                                  Federal Funds

                              Federal Financing Bank

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4521-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Administrative expenses...........           4           4           4
    09.02 Interest on borrowings from
            Treasury........................         391         765       1,023
    09.03 Interest on borrowings from civil
            service retirement and
            disability fund.................         651         651         653
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,046       1,420       1,680
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         361         779       1,212
    22.00 New budget authority (gross)......       1,464       1,853       1,697
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,825       2,632       2,909
    23.95 Total new obligations.............      -1,046      -1,420      -1,680
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         779       1,212       1,229
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).       1,464       1,853       1,697
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       1,046       1,420       1,680
    73.20 Total outlays (gross).............      -1,047      -1,420      -1,680
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       1,047       1,420       1,680
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........      -1,464      -1,853      -1,697
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................        -417        -433         -17
    ---------------------------------------------------------------------------

        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.

        By law, the FFB receives substantially less interest each year on
    certain Department of Agriculture loans that it holds than it is
    contractually entitled to receive. For example, during 2006, as a result
    of this provision, the FFB received $234 million less than it was
    contractually entitled to receive. This law, however, does not reduce
    the amount of interest the FFB owes on its corresponding loans from
    Treasury. Treasury intends to submit legislation designed to correct
    this situation without impacting the Department of Agriculture's Cushion
    of Credit payments program or the Rural Economic Development loan and
    grant programs.

        A change in the method of accounting for losses associated with the
    Cushion of Credit payments program, together with net income of $556
    million, resulted in an increase in the

    [[Page 869]]

    net position of the FFB to $1.2 billion for 2005. In 2006, the FFB's net
    income was $533 million, further increasing the net position to $1.8
    billion.

        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. FFB exercised this authority most recently in November
    2004. In order to prolong Treasury's ability to operate under the then-
    $7.4 trillion debt ceiling, the FFB issued $14 billion of its own debt
    securities to the Civil Service Retirement and Disability Fund (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)

                                         2006 actual  2007 est.   2008 est.
    A. Department of Agriculture:
    1. Rural Utilities Service:
        Lending, net....................       2,477       1,754       1,238
        Loans outstanding...............      25,284      27,037      28,275
    B. Department of Defense:
    1. Defense working capital funds:
        Lending, net....................        -205         -82         -66
        Loans outstanding...............         171          89          23
    C. Department of Education:
    1. Historically black colleges and
        universities:
        Lending, net....................          29         165         244
        Loans outstanding...............         154         319         563
    D. Department of Housing and Urban
        Development:
    1. Section 108 guaranteed loans:
        Lending, net....................           *           *
        Loans outstanding...............           *
    2. Low-rent public housing:
        Lending, net....................         -88         -93         -99
        Loans outstanding...............         884         791         692
    E. Department of the Interior:
    1. Territory of the Virgin Islands:
        Lending, net....................          -2          -3           *
        Loans outstanding...............           3           *
    F. Department of Transportation:
    1. Railroad Revitalization and
        Regulatory Reform Act:
        Lending, net....................           *           *           *
        Loans outstanding...............           2           2           2
    G. Department of Veterans Affairs:
    1. Transitional housing for homeless
        veterans:
        Lending, net....................           2           3           2
        Loans outstanding...............           2           5           7
    H. General Services Administration:
    1. Federal buildings fund:
        Lending, net....................           4           1         -51
        Loans outstanding...............       2,147       2,148       2,097
    I. International Assistance
        Programs:
    1. Foreign military sales credit:
        Lending, net....................        -221        -187        -156
        Loans outstanding...............       1,024         837         681
    J. Small Business Administration:
    1. Section 503 guaranteed loans:
        Lending, net....................         -13         -11          -9
        Loans outstanding...............          27          16           7
    K. Postal Service:
      Lending, net......................       2,100         900        -900
      Loans outstanding.................       2,100       3,000       2,100
                                        ====================================
    Total lending:
      Lending, net......................       4,083       2,447         203
      Loans outstanding.................      31,799      34,245      34,448
                                        ====================================
        *$500,000 or less

                                 Balance Sheet (in millions of dollars)

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

    2005 actual

    2006 actual

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

    1101

    Fund balances with Treasury

    361

    901

            Investments in US securities:
    1104

    Agency securities, par

    27,774

    31,844

    1106

    Receivables, net

    183

    446

    1999

    Total assets

    28,318

    33,191

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    197

    322

    2103

    Borrowing from Treasury

    12,426

    16,709

    2103

    Borrowing from Civil Service Retirement & Disability Fund

    14,000

    14,000

    2105

    Unamortized Premium

    474

    406

    2999

    Total liabilities

    27,097

    31,437

        NET POSITION:
    3300

    Cumulative results of operations

    1,221

    1,754

    3999

    Total net position

    1,221

    1,754

    4999

    Total liabilities and net position

    28,318

    33,191

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4521-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
    25.2  Other services....................           4           4           4
    43.0  Interest and dividends............       1,042       1,416       1,676
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,046       1,420       1,680
    ---------------------------------------------------------------------------

                    ALCOHOL AND TOBACCO TAX AND TRADE BUREAU

                                  Federal 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,
    $93,515,000; 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.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Protect the Public................          44          44          46
    00.02 Collect revenue...................          46          46          48
                                               ---------   ---------  ----------
    01.92   Total direct program............          90          90          94
    09.01 Reimbursable program..............           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          92          92          96
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          91          92          96
    23.95 Total new obligations.............         -92         -92         -96
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          91          90          94
    40.35   Appropriation permanently
              reduced.......................          -1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          90          90          94
    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1           2           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          91          92          96
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          20          19          21

    [[Page 870]]

    73.10 Total new obligations.............          92          92          96
    73.20 Total outlays (gross).............         -93         -90         -95
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          19          21          22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          76          76          79
    86.93 Outlays from discretionary
            balances........................          17          14          16
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          93          90          95
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Other Federal sources.........                                  -2
    88.40     Non-Federal Sources...........          -2          -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..................          90          90          94
    90.00 Outlays...........................          91          88          93
    ---------------------------------------------------------------------------

        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 others to: (1) Provide the most
    effective and efficient system for the collection of all revenue that is
    rightfully due, eliminate or prevent tax evasion and other criminal
    conduct, and provide high quality service while imposing the least
    regulatory burden; and (2) Prevent consumer deception, ensure that
    regulated alcohol and tobacco products comply with Federal commodity,
    safety, and distribution requirements, and provide high quality customer
    service.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          39          42          44
    11.5      Other personnel compensation..           1           1           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          40          43          45
    12.1    Civilian personnel benefits.....          11          10          11
    21.0    Travel and transportation of
              persons.......................           3           4           4
    23.1    Rental payments to GSA..........           5           5           5
    23.3    Communications, utilities, and
              miscellaneous charges.........           4           5           5
    25.1    Advisory and assistance services           8
    25.2    Other services..................           2          20          21
    25.3    Other purchases of goods and
              services from Government
              accounts......................           9
    25.7    Operation and maintenance of
              equipment.....................           1
    26.0    Supplies and materials..........           1           1           1
    31.0    Equipment.......................           6           2           2
                                               ---------   ---------  ----------
    99.0      Direct obligations............          90          90          94
    99.0  Reimbursable obligations..........           1           2           2
    99.5  Below reporting threshold.........           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          92          92          96
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-1008-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................         524         544         544
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................          10          15          15
    ---------------------------------------------------------------------------

                   Internal Revenue Collections for Puerto Rico

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5737-0-2-806      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............
                                               ---------   ---------  ----------
    01.99 Balance, start of year............
        Receipts:
    02.60 Deposits, Internal revenue
            collections for Puerto Rico.....         360         448         408
    02.61 Deposits, Internal revenue
            collections for Puerto Rico--
            legislative proposal subject to
            PAYGO...........................                                  76
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..         360         448         484
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         360         448         484
        Appropriations:
    05.00 Internal revenue collections for
            Puerto Rico.....................        -360        -448        -408
    05.01 Internal revenue collections for
            Puerto Rico--legislative
            proposal subject to PAYGO.......                                 -76
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -360        -448        -484
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5737-0-2-806      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Internal revenue collections for
            Puerto Rico.....................         360         448         408
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         360         448         408
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         360         448         408
    23.95 Total new obligations.............        -360        -448        -408
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....         360         448         408
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         360         448         408
    73.20 Total outlays (gross).............        -360        -448        -408
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         360         448         408
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         360         448         408
    90.00 Outlays...........................         360         448         408
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............            360            448             408
      Outlays.....................            360            448             408
    Legislative proposal, subject to
        PAYGO:
      Budget Authority............                                            76
      Outlays.....................                                            76

    Total:
      Budget Authority............            360            448             484
      Outlays.....................            360            448             484

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Internal revenue collections for
            Puerto Rico.....................                                  76
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                  76
    ----------------------------------------------------------------------------

    [[Page 871]]

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                  76
    23.95 Total new obligations.............                                 -76
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                                  76
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  76
    73.20 Total outlays (gross).............                                 -76
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                  76
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                  76
    90.00 Outlays...........................                                  76
    ---------------------------------------------------------------------------

        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 (cover 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, 2008.

                        BUREAU OF ENGRAVING AND PRINTING

                                  Federal Funds

                      Bureau of Engraving and Printing Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4502-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Currency program..................         475         500         546
    09.03 Other programs....................           2           6           6
    09.11 Purchase of operating equipment...          15          35          35
    09.12 Plant alterations and experimental
            equipment.......................           4          15          15
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         496         556         602
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         118          96          96
    22.00 New budget authority (gross)......         474         556         602
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         592         652         698
    23.95 Total new obligations.............        -496        -556        -602
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          96          96          96
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).         484         556         602
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........         -10
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......         474         556         602
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          63          68          68
    73.10 Total new obligations.............         496         556         602
    73.20 Total outlays (gross).............        -501        -556        -602
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          10
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          68          68          68
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         474         556         602
    86.93 Outlays from discretionary
            balances........................          27
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         501         556         602
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -484        -556        -602
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          10
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................          17
    ---------------------------------------------------------------------------

        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.

        In 2008, BEP plans to introduce the new design of the $5 note as
    part of its ambitious multi-year initiative to redesign and enhance the
    security of United States currency. The redesign of the $5 note will be
    followed by the introduction of the redesigned $100 note in 2009.

        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 2007 and 2008 are
        estimated to be 9.1 and 9.7 billion respectively. During 2006, the
        Bureau delivered 8.2 billion Federal Reserve notes.
            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 2006 resulted in a decrease to retained
    earnings of $8.6 million.

                                 Balance Sheet (in millions of dollars)

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

    2005 actual

    2006 actual

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

    1206

    Receivables, net

    42

    33

    1207

    Advances and prepayments

    4

    4

          Other Federal assets:

    1801

    Cash and other monetary assets

    183

    165

    1802

    Inventories and related properties

    75

    84

    1803

    Property, plant and equipment, net

    249

    250

    1901

    Other assets--Machinery repair parts

    17

    17

    1999

    Total assets

    570

    553

        LIABILITIES:
    2101

    Federal liabilities: Accounts payable

    28

    29

          Non-Federal liabilities:

    2201

    Accounts payable

    14

    12

    2206

    Pension and other actuarial liabilities

    68

    60

    2999

    Total liabilities

    110

    101

        NET POSITION:
    3100

    Appropriated capital

    32

    32

    3300

    Cumulative results of operations

    428

    420

    3999

    Total net position

    460

    452

    [[Page 872]]

    4999

    Total liabilities and net position

    570

    553

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4502-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
          Personnel compensation:

    11.1    Full-time permanent.............         167         170         175
    11.3    Other than full-time permanent..           1           1           2
    11.5    Other personnel compensation....          11          11          14
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         179         182         191
    12.1  Civilian personnel benefits.......          43          46          48
    21.0  Travel and transportation of
            persons.........................           2           2           2
    23.1  Rental payments to GSA............           3           3           3
    23.3  Communications, utilities, and
            miscellaneous charges...........          13          14          14
    24.0  Printing and reproduction.........           1           1           1
    25.2  Other services....................          71          70          76
    26.0  Supplies and materials............         124         188         207
    31.0  Equipment.........................          60          50          60
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         496         556         602
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-4502-0-4-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................       2,190       2,300       2,250
    ---------------------------------------------------------------------------

                               UNITED STATES MINT

                                  Federal 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 2008 under
    such section 5136 for circulating coinage and protective service capital
    investments of the United States Mint shall not exceed $33,200,000.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.06 Total Operating...................       1,506       1,949       1,899
    09.07 Circulating and Protection Capital          12          27          25
    09.08 Numismatic Capital................           9          13          14
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,527       1,989       1,938
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          62         108         108
    22.00 New budget authority (gross)......       1,657       1,989       1,938
    22.40 Capital transfer to general fund..         -84
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,635       2,097       2,046
    23.95 Total new obligations.............      -1,527      -1,989      -1,938
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         108         108         108
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).       1,611       1,989       1,938
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          46
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......       1,657       1,989       1,938
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         217         118         118
    73.10 Total new obligations.............       1,527       1,989       1,938
    73.20 Total outlays (Gross).............      -1,580      -1,989      -1,938
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -46
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         118         118         118
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       1,580       1,989       1,938
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -8
    88.40     Total Operating...............      -1,586      -1,989      -1,938
    88.45     Offsetting governmental
                collections (from non-
                Federal sources)............         -17
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................      -1,611      -1,989      -1,938
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -46
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -31
    ---------------------------------------------------------------------------

        The United States Mint manufactures coins, sells numismatic and
    investment products, and provides 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.

        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 the
    coins that are put into circulation, plus the 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 production
    and distribution costs. The difference between the face value of the
    coins and these costs is considered an ``other financing source'' and is
    deposited as seigniorage to the general fund. In 2006, the Mint
    transferred $750 million to the general fund. If any seigniorage was
    used to finance the Mint's capital acquisitions it would be recorded as
    budget authority in the year that funds are obligated for this purpose
    and as receipts over the life of the asset. No seigniorage has been used
    for this purpose in recent years.

        Circulating Coinage.--This activity funds the manufacture of
    circulating coins for sale to the Federal Reserve System as determined
    by public demand. In 2008, this activity will manufacture 12.4 billion
    coins for sale to the Federal Reserve System.

         In 2007, the United States Mint will introduce a new Presidential
    $1 Coin Program as authorized by the Presidential $1 Coin Act of 2005
    (Public Law 109-145). As required by legislation, the Presidential
    dollar coin specifications will be similar to the Golden Dollar
    featuring Sacagawea and will be released into circulation at the rate of
    four different coin designs per year beginning in 2007 through 2018.
    Each coin design will honor former presidents of the United States in
    the order in which they served the nation.

        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

    [[Page 873]]

    proof and uncirculated sets, silver proof coins, the American Eagle gold
    and silver bullion uncirculated and proof coins, American Eagle platinum
    coins, 24-Karat gold 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 2008,
    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 2008, the final year of this program, the Mint will
    manufacture 2.7 billion quarters for sale to the public and the Federal
    Reserve System. All coins produced for this program are considered to be
    numismatic products.

        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

    2005 actual

    2006 actual

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

    1101

    Fund balances with Treasury

    279

    226

            Investments in US securities:
    1106

    Receivables, net

    15

    28

    1107

    Advances and prepayments

    6

    6

          Other Federal assets:

    1802

    Inventories and related properties

    328

    253

    1803

    Property, plant and equipment, net

    273

    233

    1901

    Other assets

    10,509

    1999

    Total assets

    901

    11,255

        LIABILITIES:
    2101

    Federal liabilities: Accounts payable

    129

    62

          Non-Federal liabilities:

    2201

    Accounts payable

    31

    21

    2207

    Other

    72

    10,529

    2999

    Total liabilities

    232

    10,612

        NET POSITION:
    3300

    Cumulative results of operations

    669

    643

    3999

    Total net position

    669

    643

    4999

    Total liabilities and net position

    901

    11,255

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
          Personnel compensation:

    11.1    Full-time permanent.............         119         125         129
    11.5    Other personnel compensation....          13          16          16
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         132         141         145
    12.1  Civilian personnel benefits.......          37          45          45
    21.0  Travel and transportation of
            persons.........................           1           4           4
    22.0  Transportation of things..........          42          28          28
    23.1  Rental payments to GSA............           1           1           1
    23.2  Rental payments to others.........          19          28          25
    23.3  Communications, utilities, and
            miscellanoues charges...........          17          26          25
    24.0  Printing and reproduction.........           3           8           7
    25.2  Other services....................         139         207         168
    26.0  Supplies and materials............       1,115       1,462       1,451
    31.0  Equipment.........................          16          25          27
    32.0  Land and structures...............           5          14          12
                                               ---------   ---------  ----------
    99.0    Reimbursable obligations........       1,527       1,989       1,938
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,527       1,989       1,938
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-4159-0-3-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................       1,927       1,975       1,975
    ---------------------------------------------------------------------------

                            BUREAU OF THE PUBLIC DEBT

                                  Federal Funds

                          Administering the Public Debt

         For necessary expenses connected with any public-debt issues of the
    United States, $182,871,000, of which not to exceed $2,500 shall be
    available for official reception and representation expenses, and of
    which not to exceed $2,000,000 shall remain available until September
    30, 2010 for systems modernization: Provided, That the sum appropriated
    herein from the general fund for fiscal year 2008 shall be reduced by
    not more than $10,000,000 as definitive securities issue fees and Legacy
    Treasury Direct Investor Account Maintenance fees are collected, so as
    to result in a final fiscal year 2008 appropriation from the general
    fund estimated at $172,871,000. 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.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0560-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Wholesale Securities Services.....          18          12          13
    00.02 Government Agency Investment
            Services........................          15          13          13
    00.03 Retail Securities Services........         135         145         141
    00.04 Summary Debt Accounting...........           6           6           6
    09.01 Wholesale Securities Services.....           2           1           1
    09.02 Government Agency Investment
            Services........................           3           3           3
    09.03 Retail Securities Services........          15          14          21
    09.04 Summary Debt Accounting...........           1                       1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         195         194         199
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           4           3           3
    22.00 New budget authority (gross)......         195         194         199
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         199         197         202
    23.95 Total new obligations.............        -195        -194        -199
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3           3           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         177         176         173
    40.35   Appropriation permanently
              reduced.......................          -2
    41.00   Transferred to other accounts...          -2
    42.00   Transferred from other accounts.           2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         175         176         173
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).          17          15          16
    58.00     Offsetting collections (user
                fees).......................           3           3          10
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......          20          18          26
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         195         194         199
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          32          29          30
    73.10 Total new obligations.............         195         194         199
    73.20 Total outlays (gross).............        -197        -193        -199
    73.40 Adjustments in expired accounts
            (net)...........................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          29          30          30
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         175         173         178

    [[Page 874]]

    86.93 Outlays from discretionary
            balances........................          22          20          21
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         197         193         199
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -17         -15         -16
    88.40     Non-Federal sources...........          -3          -3         -10
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................         -20         -18         -26
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         175         176         173
    90.00 Outlays...........................         177         175         173
    ---------------------------------------------------------------------------

        The Bureau of the Public Debt (BPD) borrows the money needed to
    operate the Federal Government, accounts for the resulting debt, and
    provides reimbursable support services to federal agencies. In 2008, BPD
    will complete its transition to a new wholesale securities auction
    system, as well as make several improvements to the infrastructure
    supporting the TreasuryDirect online retail accounts offered to the
    general public.

        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. The
    account maintenance fees that BPD charges to account holders in the
    Legacy Treasury Direct system with an account balance of more than
    $100,000 in par value, will be raised from $25 to $100 per year in 2008.
    The increased fees will help to partially offset the cost to the
    Treasury of providing these services. Although the fees may induce some
    customers to transfer their account holdings to the new internet-
    accessed TreasuryDirect system, the expected receipts are adjusted to
    reflect this possibility.

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          75          86          89
    11.3      Other than full-time permanent           1
    11.5      Other personnel compensation..           3           3           3
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          79          89          92
    12.1    Civilian personnel benefits.....          21          23          24
    21.0    Travel and transportation of
              persons.......................           1           1           2
    23.1    Rental payments to GSA..........           6           6           6
    23.3    Communications, utilities, and
              miscellaneous charges.........          16          17          15
    24.0    Printing and reproduction.......           2           2           2
    25.1    Advisory and assistance services           1                       1
    25.2    Other services..................          27          22          15
    25.3    Other purchases of goods and
              services from Government
              accounts......................           8           8           7
    25.4    Operation and maintenance of
              facilities....................           1                       1
    25.7    Operation and maintenance of
              equipment.....................           3           2           2
    26.0    Supplies and materials..........           2           2           2
    31.0    Equipment.......................           7           3           3
                                               ---------   ---------  ----------
    99.0      Direct obligations............         174         175         172
    99.0  Reimbursable obligations..........          20          18          26
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         195         194         199
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0560-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................       1,299       1,390       1,390
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................          69          18          21
    ---------------------------------------------------------------------------

                     Reimbursements to Federal Reserve Banks

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0562-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Payments to Federal Reserve Banks.         112         130          96
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.3)...................         112         130          96
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3
    22.00 New budget authority (gross)......         100         128          96
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           9           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         112         130          96
    23.95 Total new obligations.............        -112        -130         -96
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................         100         128          96
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          37          32          44
    73.10 Total new obligations.............         112         130          96
    73.20 Total outlays (gross).............        -108        -116        -104
    73.45 Recoveries of prior year
            obligations.....................          -9          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          32          44          36
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          80          96          72
    86.98 Outlays from mandatory balances...          28          20          32
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         108         116         104
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         100         128          96

    [[Page 875]]

    90.00 Outlays...........................         108         116         104
    ---------------------------------------------------------------------------

        This fund was established by the Treasury, Postal Service and
    General Government Appropriations Act of 1991 (P.L. 101-509, 104 Stat.
    1394) as a permanent, indefinite appropriation to allow the Bureau of
    the Public Debt to reimburse the Federal Reserve Banks for acting as
    fiscal agents of the Federal Government in support of financing the
    public debt.

                     Payment of Government Losses in Shipment

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-1710-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Government losses in shipment.....           1           2           1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................           1           2           1
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

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

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

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

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

        This account was created as self-insurance to cover losses in
    shipment of Government property such as coins, currency, securities,
    certain losses incurred by the Postal Service, and losses in connection
    with the redemption of savings bonds. Approximately 1,100 claims are
    paid annually.

                            INTERNAL REVENUE SERVICE

        The Internal Revenue Service (IRS) provides 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. This
    mission demands a safe and modernized infrastructure and capabilities to
    effectively and efficiently collect taxes while minimizing taxpayer
    burden. The IRS strategic goals are: Improve Taxpayer Service.-- Help
    people understand their tax obligations and make it easier for them to
    pay their taxes; Enhance Enforcement of the Tax Law.-- Ensure all
    taxpayers meet their tax obligations, so that when they 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.-- Manage resources and technology to achieve service and
    enforcement strategic goals.

        One of the priorities of the Administration is reducing the tax gap
    (the difference between taxes paid and taxes owed). In September 2006,
    the Department of the Treasury published A Comprehensive Strategy for
    Reducing the Tax Gap (see www.ustreas.gov/press/releases/hp111.htm and
    chapter 13, Stewardship in the Analytical Perspectives volume of the
    2008 Budget). These documents lay out a multi-year seven-part strategy
    to improve compliance without imposing undue burdens on taxpayers. The
    Budget provides $410 million in new initiatives and $248 million for
    cost increases for the IRS to make progress in implementing this
    strategy.

        Tax Enforcement Program: The IRS continues its emphasis on tax
    enforcement, increasing collections of delinquent tax debt from $34
    billion in 2002 to $49 billion in 2006, an increase of 44 percent. Since
    2003, Federal Government receipts have also increased by over $600
    billion (35 percent). Revenue growth has been greatest in the areas of
    corporate taxes and high-income individual taxes. In 2008, as part of
    the tax gap reduction effort, the Budget increases funding for
    enforcement by $440 million. This includes $291 million for new
    enforcement initiatives and $149 million in cost increases. The IRS
    estimates that once fully implemented (2010), these new initiatives will
    result in an additional $699 million per year in collections of
    delinquent tax debt. Improved enforcement will also encourage voluntary
    compliance, which will further increase revenue. As in 2006 and 2007,
    the Administration proposes to include these enforcement increases as a
    Budget Enforcement Act program integrity cap adjustment (see chapter 15,
    Budget Reform Proposals in the Analytical Perspectives volume of the
    2008 Budget). The IRS' Enforcement Program is funded in the Enforcement
    and Operations Support appropriations.

        The IRS will continue efforts to improve enforcement efficiency
    through streamlining and centralizing work processes, improving workload
    selection techniques, and implementing initiatives to reduce cycle time
    by refining case selection criteria. The IRS will enhance coverage of
    high-risk compliance areas, as well as further 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). The IRS will continue to reengineer its
    examination and collection procedures to reduce time, increase yield,
    and expand coverage.

        Taxpayer Service Program: Helping the public understand its tax
    reporting and payment obligations is a cornerstone of taxpayer
    compliance. In 2008, as part of the tax gap reduction effort, the Budget
    increases funding for taxpayer service by $131 million. This includes
    $56 million for new service initiatives and $75 million in cost
    increases. The IRS' Service Program is funded in the Taxpayer Service
    and Operations Support appropriations.

        In 2008, the IRS will continue with its efforts to increase and
    improve the services offered to taxpayers. The IRS will increase self-
    service applications, continue to ensure web navigation is user-
    friendly, while also improving the quality and accuracy of its telephone
    responses. The IRS will expand its research and evaluate information
    regarding taxpayer service needs, priorities, and preferences in order
    to improve delivery services. The IRS will invest in technology, process
    improvements, and training to achieve consistent repeatable quality
    service with reduced costs. As a result of recent technology
    enhancements, including using e-File and payment, e-services, and the
    IRS' website, more taxpayers reach the IRS through the internet. For
    example, in 2006, more than 1.3 billion web pages were viewed on the
    www.irs.gov website and more than 24.7 million taxpayers checked their
    refund status by accessing ``Where's My Refund?'' on the IRS website.
    They also can use automated features found at 1-800-829-1040. In
    addition, efforts to increase electronic filing will continue by adding
    new forms and schedules to the business electronic portfolio, leveraging
    partner organizations such as

    [[Page 876]]

    state taxing authorities, and increasing the use of volunteers to better
    serve taxpayer needs.

        Modernization Program: The Budget continues funding for the Business
    Systems Modernization program to give IRS employees the technology tools
    they need to continue to administer and improve both service and
    enforcement. The Budget increases funding in this program by $85
    million.

        Budget Structure: Congress established a new appropriations
    structure for the IRS (included in the continuing resolution and
    effective in 2007). The detailed tables that follow present the old
    budget structure for 2006, since the budget was executed in that
    structure, and the new structure for 2007 and 2008. The table below
    presents all three years in the new structure to allow comparisons
    across fiscal years.

             Three Year Comparable Summary by Appropriations Account

                              (Dollars in millions)

                Appropriation               2006         2007        2008
                                           Enacted     CR Rate     Request
    Taxpayer Services.............         $2,142         $2,059          $2,103
    Enforcement...................          4,708         $4,708          $4,925
    Operations Support............          3,461         $3,459          $3,770
    Business Systems Modernization            242           $197            $282
    Health Insurance Tax Credit
    Administration................             20            $15             $15
    Total Appropriated Resources..        $10,574        $10,438         $11,095
        2006 excludes rescissions of prior year balances.

                                  Federal Funds

                                Taxpayer Services

         For necessary expenses of the Internal Revenue Service to provide
    taxpayer services, including pre-filing taxpayer assistance and
    education, filing and account services, taxpayer advocacy services, and
    services as authorized by 5 U.S.C. 3109, at such rates as may be
    determined by the Commissioner, $2,103,089,000, of which up to
    $4,100,000 shall be for the Tax Counseling for the Elderly Program, and
    of which $8,000,000 shall be for low-income taxpayer clinic grants.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

              Special and Trust Fund Receipts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0912-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............          18          99           9
                                               ---------   ---------  ----------
    01.99 Balance, start of year............          18          99           9
        Receipts:
    02.20 New installment agreements, IRS
            miscellaneous retained fees.....          65          85         101
    02.21 Restructured installment
            agreements, IRS miscellaneous
            retained fees...................          14          19          21
    02.22 General user fees, IRS
            miscellaneous retained fees.....          15          44          46
    02.60 Enrolled agent fee increase, IRS
            miscellaneous retained fees.....           6           4           5
                                               ---------   ---------  ----------
    02.99   Total receipts and collections..         100         152         173
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...         118         251         182
        Appropriations:
    05.00 Taxpayer services.................                    -168        -108
    05.01 Operations support................         -19         -74         -72
                                               ---------   ---------  ----------
    05.99   Total appropriations............         -19        -242        -180
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............          99           9           2
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0912-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Pre-filing taxpayer assistance and
            education.......................         322         647         654
    00.02 Filing and account services.......       1,677       1,580       1,557
    00.03 Shared Service support............       1,465           9
    00.04 General management and
            administration..................         571
                                               ---------   ---------  ----------
    01.00   Subtotal, direct programs.......       4,035       2,236       2,211
    09.01 Reimbursable program..............          42          27          27
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       4,077       2,263       2,238
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          13          16           7
    22.00 New budget authority (gross)......       4,057       2,254       2,238
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
    22.30 Expired unobligated balance
            transfer to unexpired account...          31
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       4,103       2,270       2,245
    23.95 Total new obligations.............      -4,077      -2,263      -2,238
    23.98 Unobligated balance expiring or
            withdrawn.......................         -10
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          16           7           7
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       4,137       2,059       2,103
    40.35   Appropriation permanently
              reduced.......................         -41
    40.36   Unobligated balance permanently
              reduced.......................         -20
    41.00 Transferred to other accounts.....         -61
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       4,015       2,059       2,103
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).          41          27          27
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........           1
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......          42          27          27
          Mandatory:

    60.20   Appropriation (special fund)....                     168         108
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       4,057       2,254       2,238
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         478         449         310
    73.10 Total new obligations.............       4,077       2,263       2,238
    73.20 Total outlays (gross).............      -4,037      -2,402      -2,239
    73.40 Adjustments in expired accounts
            (net)...........................         -66
    73.45 Recoveries of prior year
            obligations.....................          -2
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         449         310         309
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       3,727       1,920       1,961
    86.93 Outlays from discretionary
            balances........................         310         324         166
    86.97 Outlays from new mandatory
            authority.......................                     158         102
    86.98 Outlays from mandatory balances...                                  10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       4,037       2,402       2,239
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -24         -23         -23
    88.40     Non-Federal sources...........         -20          -4          -4
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................         -44         -27         -27
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       4,015       2,227       2,211
    90.00 Outlays...........................       3,993       2,375       2,212
    ---------------------------------------------------------------------------

        This appropriation provides resources for taxpayer service programs,
    including forms and publications; processing of tax returns and related
    documents; filing and account services; taxpayer advocacy services; and
    assisting taxpayers to understand their tax obligations, correctly file
    their returns, and pay taxes due in a timely manner. 2006 numbers are
    presented as they were executed in the old IRS budget structure. They
    are not comparable to 2007 and 2008 numbers which are presented in the
    new structure.

    [[Page 877]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0912-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........       1,520       1,198       1,207
    11.3      Other than full-time permanent         343         310         304
    11.5      Other personnel compensation..         102          76          79
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..       1,965       1,584       1,590
    12.1    Civilian personnel benefits.....         583         450         451
    13.0    Benefits for former personnel...          43           3           9
    21.0    Travel and transportation of
              persons.......................          57          28          29
    22.0    Transportation of things........          23           4           4
    23.1    Rental payments to GSA..........         606
    23.2    Rental payments to others.......           1
    23.3    Communications, utilities, and
              miscellaneous charges.........         166          15           5
    24.0    Printing and reproduction.......          62           8           8
    25.1    Advisory and assistance services          49           3           2
    25.2    Other services..................          76          85          74
    25.3    Other purchases of goods and
              services from Government
              accounts......................         141          11          11
    25.4    Operation and maintenance of
              facilities....................         134           4
    25.6    Medical care....................          12
    25.7    Operation and maintenance of
              equipment.....................           1           9           1
    25.8    Subsistence and support of
              persons.......................                       1           1
    26.0    Supplies and materials..........          13          11          12
    31.0    Equipment.......................          52           3           1
    32.0    Land and structures.............          38           5
    41.0    Grants, subsidies, and
              contributions.................          12          12          12
    42.0    Insurance claims and indemnities           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............       4,035       2,236       2,210
    99.0  Reimbursable obligations..........          42          27          27
    99.5  Below reporting threshold.........                                   1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       4,077       2,263       2,238
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0912-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................      36,404      30,561      30,160
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         997         331         339
    ---------------------------------------------------------------------------

                                   Enforcement

                          (including transfer of funds)

         For necessary expenses of the Internal Revenue Service to determine
    and collect owed taxes, to provide legal and litigation support, to
    conduct criminal investigations, to enforce criminal statutes related to
    violations of internal revenue laws and other financial crimes, to
    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,
    $4,925,498,000, of which not less than $57,252,000 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
    Internal Revenue Service, ``Operations Support'' solely for the purposes
    of the Interagency Crime and Drug Enforcement program: Provided further,
    That this transfer authority shall be in addition to any other transfer
    authority provided in this Act.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Compliance services...............       4,390
    00.02 Research and statistics of income.          94
    00.03 Earned income tax credit
            compliance......................         167
    00.04 Investigations....................                     584         603
    00.05 Exam and Collections..............                   3,978       4,165
    00.06 Regulatory........................                     150         157
                                               ---------   ---------  ----------
    01.00   Subtotal, Direct program........       4,651       4,712       4,925
    09.01 Reimbursable program..............          44          48          49
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       4,695       4,760       4,974
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           3           3
    22.00 New budget authority (gross)......       4,712       4,760       4,974
    22.30 Expired unobligated balance
            transfer to unexpired account...          10
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       4,724       4,763       4,977
    23.95 Total new obligations.............      -4,695      -4,760      -4,974
    23.98 Unobligated balance expiring or
            withdrawn.......................         -26
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3           3           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       4,726       4,708       4,925
    40.35   Appropriation permanently
              reduced.......................         -47
    41.00   Transferred to other accounts...         -11
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       4,668       4,708       4,925
            Spending authority from
                offsetting collections:
    58.00     Offsetting collections (cash).          30          48          49
    58.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          14
                                               ---------   ---------  ----------
    58.90     Spending authority from
                offsetting collections
                (total discretionary).......          44          48          49
          Mandatory:

    62.00   Transferred from other accounts.                       4
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       4,712       4,760       4,974
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         305         316         319
    73.10 Total new obligations.............       4,695       4,760       4,974
    73.20 Total outlays (gross).............      -4,661      -4,757      -4,960
    73.40 Adjustments in expired accounts
            (net)...........................         -25
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -14
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................          16
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         316         319         333
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       4,379       4,471       4,675
    86.93 Outlays from discretionary
            balances........................         282         283         285
    86.97 Outlays from new mandatory
            authority.......................                       3
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       4,661       4,757       4,960
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -43         -46         -47
    88.40     Non-Federal sources...........          -3          -2          -2
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................         -46         -48         -49
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -14
    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............          16
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       4,668       4,712       4,925
    90.00 Outlays...........................       4,615       4,709       4,911
    ---------------------------------------------------------------------------

        This appropriation provides resources for the examination of tax
    returns, both domestic and international; the administrative and
    judicial settlement of taxpayer appeals of examination findings;
    technical rulings; monitoring employee pension plans; determining
    qualifications of organizations seeking tax-exempt status; examining tax
    returns of exempt organizations; enforcing statutes relating to
    detection and investigation of criminal violations of the internal
    revenue laws; identifying under reporting of tax obligations; securing
    unfiled tax returns; and collecting unpaid accounts. 2006 numbers are
    presented as they were executed in the old IRS budget structure. They
    are not comparable to 2007 and 2008 numbers which are presented in the
    new structure.

    [[Page 878]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........       3,101       3,215       3,382
    11.3      Other than full-time permanent          84          94          97
    11.5      Other personnel compensation..         140         137         146
    11.8      Special personal services
                payments....................          19          17          17
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..       3,344       3,463       3,642
    12.1    Civilian personnel benefits.....         874         906         953
    13.0    Benefits for former personnel...          23
    21.0    Travel and transportation of
              persons.......................         151         139         163
    22.0    Transportation of things........           4           4           5
    23.3    Communications, utilities, and
              miscellaneous charges.........          54          45           7
    24.0    Printing and reproduction.......           3           5           5
    25.1    Advisory and assistance services          34          24          21
    25.2    Other services..................          71          72          67
    25.3    Other purchases of goods and
              services from Government
              accounts......................          34          12          15
    25.4    Operation and maintenance of
              facilities....................                                   1
    25.5    Research and development
              contracts.....................           6           3           3
    25.7    Operation and maintenance of
              equipment.....................           7           4           4
    25.8    Subsistence and support of
              persons.......................                       3           3
    26.0    Supplies and materials..........          25          24          25
    31.0    Equipment.......................          15           4           6
    42.0    Insurance claims and indemnities           2
    91.0    Unvouchered.....................           4           4           4
                                               ---------   ---------  ----------
    99.0      Direct obligations............       4,651       4,712       4,924
    99.0  Reimbursable obligations..........          44          47          48
    99.5  Below reporting threshold.........                       1           2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       4,695       4,760       4,974
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0913-0-1-999      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................      48,501      47,885      48,667
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         122         191         194
    ---------------------------------------------------------------------------

                    Health Insurance Tax Credit Administration

         For expenses necessary to implement the health insurance tax credit
    included in the Trade Act of 2002 (Public Law 107-210), $15,235,000.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Health Coverage Tax Credit........          20          15          15
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          20          15          15
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          11          15          15
    22.30 Expired unobligated balance
            transfer to unexpired account...           9
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          20          15          15
    23.95 Total new obligations.............         -20         -15         -15
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

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

        Change in obligated balances:
    72.40 Obligated balance, start of year..          18          19          20
    73.10 Total new obligations.............          20          15          15
    73.20 Total outlays (gross).............         -19         -14         -15
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          19          20          20
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           2          11          11
    86.93 Outlays from discretionary
            balances........................          17           3           4
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          19          14          15
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          11          15          15
    90.00 Outlays...........................          19          14          15
    ---------------------------------------------------------------------------

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
    11.1  Personnel compensation: Full-time
            permanent.......................           1           2           2
    24.0  Printing and reproduction.........           1
    25.2  Other services....................          18          12          12
                                               ---------   ---------  ----------
    99.0    Direct obligations..............          20          14          14
    99.5  Below reporting threshold.........                       1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          20          15          15
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0928-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................          10          17          17
    ---------------------------------------------------------------------------

                                Operations Support

         For necessary expenses of the Internal Revenue Service to support
    taxpayer services and enforcement programs, including rent payments;
    facilities services; printing; postage; physical security; headquarters
    and other IRS-wide administration activities; research and statistics of
    income; telecommunications; information technology development,
    enhancement, operations, maintenance, and security; 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; $3,769,587,000 of which $75,000,000 shall remain available
    until September 30, 2009, for information technology support; of which
    not to exceed $1,000,000 shall remain available until September 30,
    2010, for research; of which not to exceed $1,600,000 shall be for the
    Internal Revenue Service Oversight Board; and of which not to exceed
    $25,000 shall be for official reception and representation.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0919-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Information systems improvement
            programs........................          49
    00.02 Information sevices...............       1,636       1,519       1,701
    00.03 Shared Services and Support.......                   1,141       1,233
    00.04 Infrastructure....................                     873         908
                                               ---------   ---------  ----------
    01.00   Subtotal, direct programs.......       1,685       3,533       3,842
    09.01 Reimbursable program..............           4          51          57
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,689       3,584       3,899
    ----------------------------------------------------------------------------

    [[Page 879]]

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          38          28          28
    22.00 New budget authority (gross)......       1,678       3,584       3,899
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           4
    22.30 Expired unobligated balance
            transfer to unexpired account...           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,723       3,612       3,927
    23.95 Total new obligations.............      -1,689      -3,584      -3,899
    23.98 Unobligated balance expiring or
            withdrawn.......................          -6
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          28          28          28
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       1,599       3,459       3,770
    40.35   Appropriation permanently
              reduced.......................         -16
    42.00   Transferred from other accounts.          72
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       1,655       3,459       3,770
    58.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           4          51          57
          Mandatory:

    60.20   Appropriation (special fund)....          19          74          72
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       1,678       3,584       3,899
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         533         572         877
    73.10 Total new obligations.............       1,689       3,584       3,899
    73.20 Total outlays (gross).............      -1,637      -3,279      -3,819
    73.40 Adjustments in expired accounts
            (net)...........................         -10
    73.45 Recoveries of prior year
            obligations.....................          -4
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         572         877         957
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       1,181       3,020       3,294
    86.93 Outlays from discretionary
            balances........................         437         200         452
    86.97 Outlays from new mandatory
            authority.......................          15          59          58
    86.98 Outlays from mandatory balances...           4                      15
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,637       3,279       3,819
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -5         -38         -43
    88.40     Non-Federal sources...........          -4         -13         -14
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................          -9         -51         -57
          Against gross budget authority only:

    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,674       3,533       3,842
    90.00 Outlays...........................       1,628       3,228       3,762
    ---------------------------------------------------------------------------

        This appropriation provides resources for support functions that are
    considered overhead but are essential to the successful operation of IRS
    programs. These functions include: overall planning and direction of the
    IRS; shared service support related to facilities maintenance, rent
    payments, printing, postage and security; resources for headquarters
    management activities such as IRS-wide strategic planning,
    communications and liaison, finance, human resources, Equal Employment
    Opportunity and diversity; research and statistics of income; and
    necessary expenses for telecommunication support and the development and
    maintenance of IRS operational information systems. 2006 numbers are
    presented as they were executed in the old IRS budget structure. They
    are not comparable to 2007 and 2008 numbers which are presented in the
    new structure.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0919-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         542         971       1,002
    11.3      Other than full-time permanent           6          11          11
    11.5      Other personnel compensation..          19          31          35
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         567       1,013       1,048
    12.1    Civilian personnel benefits.....         131         303         314
    13.0    Benefits for former personnel...           1          51          53
    21.0    Travel and transportation of
              persons.......................          15          33          34
    22.0    Transportation of things........                      19          20
    23.1    Rental payments to GSA..........                     640         666
    23.3    Communications, utilities, and
              miscellaneous charges.........         173         319         368
    24.0    Printing and reproduction.......           1          53          54
    25.1    Advisory and assistance services          56          30          36
    25.2    Other services..................         352         409         447
    25.3    Other purchases of goods and
              services from Government
              accounts......................          21          60          62
    25.4    Operation and maintenance of
              facilities....................                     179         182
    25.5    Research and development
              contracts.....................                       4           5
    25.6    Medical care....................                      10          10
    25.7    Operation and maintenance of
              equipment.....................          74          60          67
    26.0    Supplies and materials..........          23          21          23
    31.0    Equipment.......................         270         270         392
    32.0    Land and structures.............           1          58          59
    42.0    Insurance claims and indemnities                       1           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............       1,685       3,533       3,841
    99.0  Reimbursable obligations..........           4          51          57
    99.5  Below reporting threshold.........                                   1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,689       3,584       3,899
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0919-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................       6,802      12,942      12,957
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................          10         160         163
    ---------------------------------------------------------------------------

                          Business Systems Modernization

         For necessary expenses of the Internal Revenue Service's business
    systems modernization program, $282,090,000, to remain available until
    September 30, 2010, for the capital asset acquisition of information
    technology systems, including management and related contractual costs
    of said acquisitions, including related Internal Revenue Service labor
    costs, and contractual costs associated with operations authorized by 5
    U.S.C. 3109: Provided, That, with the exception of labor costs, none of
    these funds may be obligated until the Internal Revenue Service submits
    to the Committees on Appropriations, 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.

        Note.--A regular 2007 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 109-289, Division B, as
    amended). The amounts included for 2007 in this budget reflect the
    levels provided by the continuing resolution.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0921-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Business Systems Modernization....         215         201         242
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         215         201         242
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         116         101          97
    22.00 New budget authority (gross)......         197         197         282
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           4
                                               ---------   ---------  ----------

    [[Page 880]]

    23.90   Total budgetary resources
              available for obligation......         317         298         379
    23.95 Total new obligations.............        -215        -201        -242
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         101          97         137
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         199         197         282
    40.35   Appropriation permanently
              reduced.......................          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         197         197         282
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         172         158         201
    73.10 Total new obligations.............         215         201         242
    73.20 Total outlays (gross).............        -225        -158        -222
    73.45 Recoveries of prior year
            obligations.....................          -4
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         158         201         221
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          49          79         113
    86.93 Outlays from discretionary
            balances........................         176          79         109
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         225         158         222
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         197         197         282
    90.00 Outlays...........................         225         158         222
    ---------------------------------------------------------------------------

        This appropriation provides resources for revamping IRS business
    practices and acquiring new technology. The IRS uses a formal
    methodology to evaluate, prioritize, approve, and fund its portfolio of
    business systems modernization investments. This methodology provides a
    documented, repeatable, and measurable process for managing investments
    throughout their life cycle. The process is reviewed by the Government
    Accountability Office on a regular basis as part of the submission
    requirements for expenditure plans submitted to the House and Senate
    Committees on Appropriations.

        In 2008, the IRS' business systems modernization efforts will
    continue to focus on key tax administration systems that provide
    additional benefits to taxpayers and IRS employees: the Customer Account
    Data Engine (CADE) project; Accounts Management Services (AMS); and
    Modernized e-File. The Budget also invests in the infrastructure such as
    user portals which support these modernized systems. Expansion of CADE
    will allow IRS to process 50 million returns on modernized systems. AMS
    will create an interface to allow IRS employees to manage more complex
    returns in CADE and will improve productivity for service and
    enforcement employees. Finally, Modernized e-File will begin to bring
    1040 returns into the new electronic filing platform.

        2006 numbers are presented as they were executed in the old IRS
    budget structure. They are not comparable to 2007 and 2008 numbers which
    are presented in the new structure.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0921-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct obligations:
          Personnel compensation:

    11.1    Full-time permanent.............                      21          35
    11.5    Other personnel compensation....                       1           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..                      22          36
    12.1  Civilian personnel benefits.......                       7          10
    25.2  Other services....................         192         149         168
    25.7  Operation and maintenance of
            equipment.......................           7           5           9
    31.0  Equipment.........................          16          17          19
                                               ---------   ---------  ----------
    99.0    Direct obligations..............         215         200         242
    99.5  Below reporting threshold.........                       1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         215         201         242
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-0921-0-1-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Civilian full-time equivalent
            employment......................                     317         317
    ---------------------------------------------------------------------------

          Payment Where Earned Income Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0906-0-1-609      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........      36,166      36,461      37,573
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................      36,166      36,461      37,573
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      36,166      36,461      37,573
    23.95 Total new obligations.............     -36,166     -36,461     -37,573
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................      36,166      36,461      37,573
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............      36,166      36,461      37,573
    73.20 Total outlays (gross).............     -36,166     -36,461     -37,573
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................      36,166      36,461      37,573
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      36,166      36,461      37,573
    90.00 Outlays...........................      36,166      36,461      37,573
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............         36,166         36,461          37,573
      Outlays.....................         36,166         36,461          37,573
    Legislative proposal, subject to
        PAYGO:
      Budget Authority............                                          -337
      Outlays.....................                                          -337

    Total:
      Budget Authority............         36,166         36,461          37,236
      Outlays.....................         36,166         36,461          37,236

        As provided by law, there are instances wherein the earned income
    tax credit (EITC) exceeds the amount of tax liability owed through the
    individual income tax system, resulting in an additional payment to the
    tax filer. The EITC 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 increased the credit
    amount and expanded the eligibility for the EITC.

        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, pres

    [[Page 881]]

    ence 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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........                                -337
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                -337
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                -337
    23.95 Total new obligations.............                                 337
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                -337
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                -337
    73.20 Total outlays (gross).............                                 337
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                -337
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                -337
    90.00 Outlays...........................                                -337
    ---------------------------------------------------------------------------

               Payment Where Child Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0922-0-1-609      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........      15,473      14,931      14,367
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................      15,473      14,931      14,367
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      15,473      14,931      14,367
    23.95 Total new obligations.............     -15,473     -14,931     -14,367
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................      15,473      14,931      14,367
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............      15,473      14,931      14,367
    73.20 Total outlays (gross).............     -15,473     -14,931     -14,367
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................      15,473      14,931      14,367
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      15,473      14,931      14,367
    90.00 Outlays...........................      15,473      14,931      14,367
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............         15,473         14,931          14,367
      Outlays.....................         15,473         14,931          14,367
    Legislative proposal, subject to
        PAYGO:
      Budget Authority............                                           -55
      Outlays.....................                                           -55

    Total:
      Budget Authority............         15,473         14,931          14,312
      Outlays.....................         15,473         14,931          14,312

        As provided by law, there are instances wherein the child credit
    exceeds 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 Child Credit Exceeds Liability for Tax

                    (Legislative proposal, subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0922-4-1-609      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........                                 -55
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 -55
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 -55
    23.95 Total new obligations.............                                  55
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                 -55
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 -55
    73.20 Total outlays (gross).............                                  55
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                 -55
    ----------------------------------------------------------------------------

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

            Payment Where Health Care Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0923-0-1-551      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........          94         102         110
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................          94         102         110
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          94         102         110
    23.95 Total new obligations.............         -94        -102        -110
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          94         102         110
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          94         102         110
    73.20 Total outlays (gross).............         -94        -102        -110
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          94         102         110
    ----------------------------------------------------------------------------

    [[Page 882]]

        Net budget authority and outlays:
    89.00 Budget authority..................          94         102         110
    90.00 Outlays...........................          94         102         110
    ---------------------------------------------------------------------------

                     Summary of Budget Authority and Outlays

                            (in millions of dollars)

                                         2006 actual  2007 est.   2008 est.
    Enacted/requested:
      Budget Authority............             94            102             110
      Outlays.....................             94            102             110
    Legislative proposal, subject to
        PAYGO:
      Budget Authority............                                             4
      Outlays.....................                                             4

    Total:
      Budget Authority............             94            102             114
      Outlays.....................             94            102             114

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Provide refundable credit for the
            purchase of high-deductible
            health insurance................                                   4
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                   4
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

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

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

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

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

     Payment Where Alternative Minimum Tax Credit Exceeds Liability for Tax

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0929-0-1-609      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........                                 349
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 349
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 349
    23.95 Total new obligations.............                                -349
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                 349
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 349
    73.20 Total outlays (gross).............                                -349
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                 349
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 349
    90.00 Outlays...........................                                 349
    ---------------------------------------------------------------------------

        The Tax Relief and Health Care Act of 2006 (P.L. 109-432) allows
    certain taxpayers to claim a refundable credit for 20 percent of their
    unused long-term alternative minimum tax (AMT) credits (up to $5,000)
    per year. The refundable credit phases out for high-income taxpayers;
    the phase-out is based on the personal exemption phase-out. The
    refundable AMT credits can generally only be claimed for tax years 2007-
    2012.

                Refunding Internal Revenue Collections, Interest

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0904-0-1-908      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Direct program activity...........       4,172       4,580       4,124
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................       4,172       4,580       4,124
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       4,172       4,580       4,124
    23.95 Total new obligations.............      -4,172      -4,580      -4,124
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................       4,172       4,580       4,124
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............       4,172       4,580       4,124
    73.20 Total outlays (gross).............      -4,172      -4,580      -4,124
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       4,172       4,580       4,124
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       4,172       4,580       4,124
    90.00 Outlays...........................       4,172       4,580       4,124
    ---------------------------------------------------------------------------

        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 883]]

           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      2006 actual   2007 est.   2008 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....           2           1           1
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...           2           1           1
        Appropriations:
    05.00 Gifts to the United States for
            reduction of the public debt....          -2          -1          -1
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5080-0-2-808      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....           2           1           1
    60.47   Portion applied to repay debt...          -2          -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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............                                  24
                                               ---------   ---------  ----------
    01.99 Balance, start of year............                                  24
        Receipts:
    02.60 Private collection agent program..                      46          88
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...                      46         112
        Appropriations:
    05.00 Private collection agent program..                     -22         -42
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............                      24          70
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5510-0-2-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Collection Enforcement Activities.                      11          21
    00.02 Payments to Private Collection
            Agencies........................                      11          21
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................                      22          42
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                      22          42
    23.95 Total new obligations.............                     -22         -42
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....                      22          42
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                      22          42
    73.20 Total outlays (gross).............                     -22         -42
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                      22          42
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      22          42
    90.00 Outlays...........................                      22          42
    ---------------------------------------------------------------------------

        The American Jobs Creation Act of 2004 (Public Law 108-357) allows
    the 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. The Department of the Treasury estimates
    these contractors will collect $1.4 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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    01.00 Balance, start of year............
                                               ---------   ---------  ----------
    01.99 Balance, start of year............
        Receipts:
    02.40 Underpayment and fraud collection.          25          12          12
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          25          12          12
        Appropriations:
    05.00 Informant payments................         -25         -12         -12
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-5433-0-2-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Informant Payments................          25          12          12
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 91.0)...................          25          12          12
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          25          12          12
    23.95 Total new obligations.............         -25         -12         -12
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.20   Appropriation (special fund)....          25          12          12
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          25          12          12
    73.20 Total outlays (gross).............         -25         -12         -12
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          25          12          12
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          25          12          12
    90.00 Outlays...........................          25          12          12
    ---------------------------------------------------------------------------

        As provided by law (26 U.S.C. 7623), the Secretary of the Treasury
    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). This provi

    [[Page 884]]

    sion was further amended by the Tax Relief and Health Care Act of 2006
    (P.L. 109-432) to encourage use of the program. The amendments generally
    set a reward payment range of between 15 and 30 percent of the collected
    proceeds for cases involving high income non-compliant taxpayers. They
    allow for lower payments where information is provided that was already
    available from another source.

                         Federal Tax Lien Revolving Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4413-0-3-803      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Reimbursable program..............          11           6           6
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 32.0)...................          11           6           6
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           5           2           2
    22.00 New budget authority (gross)......           8           6           6
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          13           8           8
    23.95 Total new obligations.............         -11          -6          -6
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           2           2           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           8           6           6
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           2           3           3
    73.10 Total new obligations.............          11           6           6
    73.20 Total outlays (gross).............         -10          -6          -6
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           3           3           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           8           2           2
    86.98 Outlays from mandatory balances...           2           4           4
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          10           6           6
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -8          -6          -6
    ----------------------------------------------------------------------------

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

        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 in 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 lien-holder'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 is 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.

                            Administrative Provisions

                          (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 ``Enforcement'' may be
    transferred to any other Internal Revenue Service appropriation upon the
    advance 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.  Of the funds made available by this Act to the Internal
    Revenue Service, not less than $6,787,950,000 shall be available only
    for tax enforcement and related support activities funded in Internal
    Revenue Service, ``Enforcement'' and ``Operations Support.'' 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 $440,264,000 shall be available for tax enforcement and
    related support activities.
        Sec. 205. Section 9503(a) of title 5, United States Code, is amended
    by striking the clause ``for a period of 10 years after the date of
    enactment of this section'' and replacing it with ``before July 23,
    2013''.
        Sec. 206. Sections 9504(a) and (b), and 9505(a) of title 5, United
    States Code, are amended by striking the clause ``For a period of 10
    years after the date of enactment'' each place it occurs, and replacing
    it with ``Before July 23, 2013''.
        Sec. 207. Section 9502(a) of title 5, United States Code, is further
    amended by striking ``Office of Management and Budget'' and replacing it
    with ``Office of Personnel Management''.

        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 2008 Oversight Board budget recommendation for the
    Internal Revenue Service is $11,641 million.

                           COMPTROLLER OF THE CURRENCY

                                   Trust Funds

                                 Assessment Funds

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-8413-0-8-373      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.00 Bank supervision..................         557         671         706
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         557         671         706
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         507         598         614
    22.00 New budget authority (gross)......         648         687         731
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,155       1,285       1,345
    23.95 Total new obligations.............        -557        -671        -706
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         598         614         639
    ----------------------------------------------------------------------------

    [[Page 885]]

        New budget authority (gross), detail:
          Mandatory:

            Spending authority from
                offsetting collections:
    69.00     Offsetting collections (cash).         649         687         731
    69.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          -1
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........         648         687         731
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          94         114         129
    73.10 Total new obligations.............         557         671         706
    73.20 Total outlays (gross).............        -538        -656        -690
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         114         129         145
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         473         577         607
    86.98 Outlays from mandatory balances...          65          79          83
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         538         656         690
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.20     Interest on Federal securities         -23         -25         -27
    88.40     Non-Federal sources:
                Assessments.................        -626        -662        -704
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................        -649        -687        -731
          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...........................        -111         -31         -41
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         600         705         736
    92.02 Annual Measure:...................         705         736         777
    ---------------------------------------------------------------------------

        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 2,000 national bank examiners. At present, OCC supervises
    more than 1,830 institutions with national charters and 49 Federal
    branches with total assets of nearly $6.5 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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
          Personnel compensation:

    11.1    Full-time permanent.............         275         321         343
    11.3    Other than full-time permanent..           7           8           9
    11.5    Other personnel compensation....           1           2           2
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         283         331         354
    12.1  Civilian personnel benefits.......          95         106         115
    21.0  Travel and transportation of
            persons.........................          36          42          46
    22.0  Transportation of things..........           2           3           2
    23.1  Rental payments to GSA............                       2           3
    23.2  Rental payments to others.........          24          29          30
    23.3  Communications, utilities, and
            miscellaneous charges...........           9          13          13
    24.0  Printing and reproduction.........           1           1           1
    25.2  Other services....................          70         106         102
    26.0  Supplies and materials............           5           6           6
    31.0  Equipment.........................          27          14          15
    32.0  Land and structures...............           4          18          19
    42.0  Insurance claims and indemnities..           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         557         671         706
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-8413-0-8-373      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................       2,812       2,977       3,041
    ---------------------------------------------------------------------------

                          OFFICE OF THRIFT SUPERVISION

                                  Federal Funds

                          Office of Thrift Supervision

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4108-0-3-373      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    09.01 Office of Thrift Supervision......         201         232         238
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         201         232         238
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         195         239         256
    22.00 New budget authority (gross)......         242         246         256
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           3           3           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         440         488         515
    23.95 Total new obligations.............        -201        -232        -238
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........         239         256         277
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).         242         246         256
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          39          39          22
    73.10 Total new obligations.............         201         232         238
    73.20 Total outlays (gross).............        -198        -246        -256
    73.45 Recoveries of prior year
            obligations.....................          -3          -3          -3
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          39          22           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................         198         246         256
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -5          -5          -5
    88.20     Interest on Federal securities          -9          -9          -9
    88.40     Non-Federal sources...........          -7          -8          -8
    88.45     Offsetting governmental
                collections (from non-
                Federal sources)............        -221        -224        -234
                                               ---------   ---------  ----------
    88.90     Total, offsetting collections
                (cash)......................        -242        -246        -256
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -44
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...         234         280         280
    92.02 Total investments, end of year:
            Federal securities: Par value...         280         280         280
    ---------------------------------------------------------------------------

    [[Page 886]]

        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, 2006, OTS oversees 853
    thrifts with total assets of $1.6 trillion; OTS also supervises 481
    holding company enterprises with approximately $7.7 trillion in
    consolidated assets.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-4108-0-3-373      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable obligations:
          Personnel compensation:

    11.1    Full-time permanent.............         106         115         118
    11.5    Other personnel compensation....           1           2           2
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..         107         117         120
    12.1  Civilian personnel benefits.......          57          67          69
    21.0  Travel and transportation of
            persons.........................          13          14          14
    23.2  Rental payments to others.........           4           5           5
    23.3  Communications, utilities, and
            miscellaneous charges...........           3           3           3
    25.1  Advisory and assistance services..           4           2           2
    25.2  Other services....................           1           6           6
    25.3  Other purchases of goods and
            services from Government
            accounts........................           4           4           4
    25.4  Operation and maintenance of
            facilities......................           3           5           6
    26.0  Supplies and materials............           1           2           2
    31.0  Equipment.........................           3           6           6
    32.0  Land and structures...............           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         201         232         238
    ---------------------------------------------------------------------------

                                 Employment Summary

    ----------------------------------------------------------------------------
    Identification code 20-4108-0-3-373      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Civilian full-time equivalent
            employment......................         918       1,046       1,046
    ---------------------------------------------------------------------------

                           INTEREST ON THE PUBLIC DEBT

                                  Federal Funds

                  Interest on Treasury Debt Securities (Gross)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 20-0550-0-1-901      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Interest on Treasury Securities...     405,872     433,004     469,802
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................     405,872     433,004     469,802
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......     405,872     433,004     469,802
    23.95 Total new obligations.............    -405,872    -433,004    -469,802
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................     405,872     433,004     469,802
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............     405,872     433,004     469,802
    73.20 Total outlays (gross).............    -405,872    -433,004    -469,802
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................     405,872     433,004     469,802
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................     405,872     433,004     469,802
    90.00 Outlays...........................     405,872     433,004     469,802
    ---------------------------------------------------------------------------

        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      2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
        Obligations by program activity:
    00.01 Interest on Treasury Securities...                                 117
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 43.0)...................                                 117
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 117
    23.95 Total new obligations.............                                -117
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................                                 117
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 117
    73.20 Total outlays (gross).............                                -117
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                                 117
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 117
    90.00 Outlays...........................                                 117
    ---------------------------------------------------------------------------

                         GENERAL FUND RECEIPT ACCOUNTS

                               (in millions of dollars)

    ----------------------------------------------------------------------------
                                             2006 actual   2007 est.   2008 est.
    ----------------------------------------------------------------------------
    Governmental receipts:
      10-086400  Filing fees, P.L. 109-171,
        Title X: Enacted/requested..........          21          76          77
      20-015800  Transportation fuels tax:
        Enacted/requested...................      -2,386      -2,960      -3,459
    Legislative proposal, not subject to
     PAYGO..................................                                 -74
      20-040110  Proceeds from exercise of
        warrants, Air Transportation
        Stabilization Board: Enacted/
        requested...........................         118
      20-065000  Deposit of earnings,
        Federal Reserve System: Enacted/
        requested...........................      29,945      32,638      36,115
      20-085000  Registration, filing, and
        transaction fees: Enacted/requested.           4
      20-086100  Charges for expenses,
        settlement of international claims:
        Enacted/requested...................                       1           1
      20-086900  Fees for legal and judicial
        services, not otherwise classified:
        Enacted/requested...................          59          74          74
      20-089100  Miscellaneous fees for
        regulatory and judicial services,
        not otherwise classified: Enacted/
        requested...........................           7           8           8
      20-101000  Fines, penalties, and
        forfeitures, agricultural laws:
        Enacted/requested...................           2           1           1
      20-102000  Fines, penalties, and
        forfeitures, economic stabilization
        laws: Enacted/requested.............                       9           9
      20-103000  Fines, penalties, and
        forfeitures, immigration and labor
        laws: Enacted/requested.............          92          71          71
      20-104000  Fines, penalties, and
        forfeitures, customs, commerce, and
        antitrust laws: Enacted/requested...         119         118         118

    [[Page 887]]

      20-105000  Fines, penalties, and
        forfeitures, narcotic prohibition
        and alcohol laws: Enacted/requested.           6           4           4
      20-106000  Forfeitures of unclaimed
        money and property: Enacted/
        requested...........................           9          25          25
      20-108000  Fines, penalties, and
        forfeitures, Federal coal mine
        health and safety laws: Enacted/
        requested...........................          24          19          19
      20-129900  Gifts to the United States,
        not otherwise classified: Enacted/
        requested...........................          35           1           1
      20-241100  User fees for IRS: Enacted/
        requested...........................          39          40          40
      20-309200  Recovery from highway trust
        fund for refunds of taxes: Enacted/
        requested...........................         904       1,141       1,155
      20-309400  Recovery from airport and
        airway trust fund for refunds of
        taxes: Enacted/requested............         113          92          97
      20-309500  Recovery from leaking
        underground storage tank trust fund
        for refunds of taxes, EPA: Enacted/
        requested...........................           3           5           5
      20-309990  Refunds of moneys
        erroneously received and recovered
        (20X1807): Enacted/requested........         -62         -62         -62
      95-109900  Fines, penalties, and
        forfeitures, not otherwise
        classified: Enacted/requested.......         608         603         603
      99-011050  Individual income taxes:
        Enacted/requested...................   1,043,858   1,177,607   1,294,498
    Legislative proposal, not subject to
     PAYGO..................................                                  14
    Legislative proposal, subject to PAYGO..                  -8,857     -48,036
      99-011100  Corporation income and
        excess profits taxes: Enacted/
        requested...........................     353,914     341,867     318,385
    Legislative proposal, not subject to
     PAYGO..................................                                   3
    Legislative proposal, subject to PAYGO..                     190      -3,447
      99-015250  Other Federal fund excise
        taxes: Enacted/requested............       2,047        -531         -72
    Legislative proposal, subject to PAYGO..                                 -61
      99-015300  Estate and gift taxes:
        Enacted/requested...................      27,877      25,260      26,786
    Legislative proposal, subject to PAYGO..                      17      -1,081
      99-015500  Tobacco excise tax:
        Enacted/requested...................       7,710       7,605       7,496
      99-015600  Alcohol excise tax:
        Enacted/requested...................       8,484       8,614       8,798
    Legislative proposal, subject to PAYGO..                                 -76
      99-015700  Telephone excise tax:
        Enacted/requested...................       4,897     -10,892      -1,712
    Legislative proposal, subject to PAYGO..                    -736        -616
      99-031050  Other Federal fund customs
        duties: Enacted/requested...........      16,150      17,363      19,204
    Legislative proposal, subject to PAYGO..                                -322
    General Fund Governmental receipts......   1,494,597   1,589,411   1,654,589
    ----------------------------------------------------------------------------

    Offsetting receipts from the public:....
      20-143500  General fund proprietary
        interest receipts, not otherwise
        classified: Enacted/requested.......           7           7           7
      20-145000  Interest payments from
        States, cash management improvement:
        Enacted/requested...................          30          61          79
      20-146310  Interest on quota in
        International Monetary Fund:
        Enacted/requested...................         210         210         210
      20-146400  Interest received on loans
        and credits to foreign nations:
        Enacted/requested...................          75
      20-148400  Interest on deposits in tax
        and loan accounts: Enacted/requested         924       1,022         871
    Legislative proposal, not subject to
     PAYGO..................................                                  10
      20-149900  Interest received from
        credit financing accounts: Enacted/
        requested...........................      10,552      12,257      13,376
      20-168200  Gain by exchange on foreign
        currency denominated public debt
        securities: Enacted/requested.......           6
      20-276330  Community Development
        Financial Institutions Fund,
        Downward re-estimate of subsidies:
        Enacted/requested...................           2
      20-276610  Air Transportation Safety
        and System Stabilization Act,
        Negative subsidies: Enacted/
        requested...........................         538
      20-277130  Air Transportation
        Stabilization guaranteed loan,
        Downward reestimates of subsidies:
        Enacted/requested...................         115          42
      20-286800  Dollar conversion of
        foreign currency loan repayments:
        Enacted/requested...................           2           4           4
      20-286900  Repayment of loans and
        credits to foreign nations: Enacted/
        requested...........................         328
      20-322000  All other general fund
        proprietary receipts: Enacted/
        requested...........................         540         688         688
      20-387500  Budget clearing account
        (suspense): Enacted/requested.......          -2
    General Fund Offsetting receipts from
     the public.............................      13,327      14,291      15,245
    ----------------------------------------------------------------------------

    Intragovernmental payments:.............
      13-141000  Interest on investment,
        economic development revolving fund:
        Enacted/requested...................           1           1           1
      14-142400  Interest on investment,
        Colorado River projects: Enacted/
        requested...........................           3           4           4
      14-142700  Interest on advances to
        Colorado River Dam fund, Boulder
        Canyon project: Enacted/requested...          12          11          11
      20-133700  Interest on loans to the
        Helium Fund, Department of Interior:
        Enacted/requested...................         160         106         157
      20-133800  Interest on loans to the
        Presidio: Enacted/requested.........           3           3           3
      20-135000  Interest on loans to the
        Secretary of Transportation, ocean
        freight differential: Enacted/
        requested...........................           3           1           1
      20-135100  Interest on loans to BPA:
        Enacted/requested...................         329         304         323
      20-135400  Interest on loans for
        housing for the elderly or
        handicapped: Enacted/requested......          51
      20-136100  Interest on loans to the
        Secretary of Transportation,
        railroad rehabilitation and
        improvement fund: Enacted/requested.           1           1           1
      20-136300  Interest on loans for
        college housing and academic
        facilities loans, Education:
        Enacted/requested...................           6           7           7
      20-140100  Interest on loans to
        Commodity Credit Corporation:
        Enacted/requested...................         453         546         337
      20-141700  Interest on loans to
        Tennessee Valley Authority: Enacted/
        requested...........................           5           6           4
      20-141800  Interest on loans to
        Federal Financing Bank: Enacted/
        requested...........................         391         765       1,023
      20-143300  Interest on loans to
        national flood insurance fund, DHS:
        Enacted/requested...................         172         718         800
      20-149500  Interest payments on
        repayable advances to the black lung
        disability trust fund: Enacted/
        requested...........................         695         717         739
    Legislative proposal, not subject to
     PAYGO..................................                               2,315
      20-149700  Payment of interest on
        advances to the Railroad Retirement
        Board: Enacted/requested............         170         179         172
      20-241600  Charges for administrative
        expenses of Social Security Act as
        amended: Enacted/requested..........         887         890         906
      20-310100  Recoveries from Federal
        agencies for settlement of claims
        for contract disuptes: Enacted/
        requested...........................         136
      20-311200  Reimbursement from Federal
        agencies for payments made as a
        result of discriminatory conduct:
        Enacted/requested...................          17          17          17
      20-320000  Receivables from cancelled
        accounts: Enacted/requested.........          31           1           1
      20-388500  Undistributed
        intragovernmental payments and
        receivables from cancelled accounts:
        Enacted/requested...................        -271
      73-142800  Interest on advances to
        Small Business Administration:
        Enacted/requested...................           8           7           4
      91-142200  Interest on loans, higher
        education facilities loan fund:
        Enacted/requested...................           1           1           1
                                               ---------   ---------  ----------
    General Fund Intragovernmental payments.       3,264       4,285       6,827
    ---------------------------------------------------------------------------

              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 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 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:
    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.

    [[Page 888]]

        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 ``8 years'' and
    inserting ``10 years''.
        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.''