Appendix - Department of the Treasury

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[, including for]; terrorism and financial intelligence activities; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities; and Treasury-wide management policies and programs activities, [$312,400,000] $308,734,000: Provided, That, of the amount appropriated under this heading—

[(A) $102,000,000 for the Office of Terrorism and Financial Intelligence, of which not to exceed $26,000,000 is available for administrative expenses;]

([B] A) not to exceed $350,000 for official reception and representation expenses;

([C] B) 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 the Secretary's certificate; and

([D] C) notwithstanding any other provision of law, up to $1,000,000 may be contributed to the Organization for Economic Cooperation and Development for the Department's participation in programs related to global tax administration;

(2) [$19,187,000] up to $12,000,000 shall remain available until September 30, [2015, of which $8,287,000 is available] 2016 for the Treasury-wide Financial Statement Audit and Internal Control Program; [$3,000,000 is for] information technology modernization requirements; [$500,000 is for] and secure space requirements; [and $7,400,000 is for audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;] and

(3) up to $3,400,000 shall remain available until September 30, [2016] 2017, to develop and implement programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements:

Provided further, That, in addition to the amount otherwise made available under this heading, $9,500,000 shall remain available until September 30, 2016, for necessary expenses for carrying out subtitle F of title I of division A of Public Law 112–141, to be derived from the trust fund established under section 1602 of such Public Law, without altering the percentages of funds made available for other purposes from the remaining balance of the trust fund. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0101–0–1–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Executive Direction	32	37	38
0002	International Affairs and Economic Policy	56	56	57
0003	Domestic Finance and Tax Policy	75	81	69
0004	Terrorism and Financial Intelligence	99	102	106
0005	Treasury-wide Management and Programs	29	36	39

0100	Subtotal, Direct programs	291	312	309

0799	Total direct obligations	291	312	309
0811	Reimbursable program	66	70	70

0900	Total new obligations	357	382	379

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	15	13	20
1012	Unobligated balance transfers between expired and unexpired accounts	1

1050	Unobligated balance (total)	16	13	20
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	308	312	309
1121	Appropriations transferred from other accts [20–8625]			9
1130	Appropriations permanently reduced	–16

1160	Appropriation, discretionary (total)	292	312	318
	Spending authority from offsetting collections, discretionary:
1700	Collected	46	77	79
1701	Change in uncollected payments, Federal sources	19

1750	Spending auth from offsetting collections, disc (total)	65	77	79
1900	Budget authority (total)	357	389	397
1930	Total budgetary resources available	373	402	417
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	13	20	38

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	95	82	43
3010	Obligations incurred, unexpired accounts	357	382	379
3011	Obligations incurred, expired accounts	15
3020	Outlays (gross)	–367	–421	–396
3041	Recoveries of prior year unpaid obligations, expired	–18

3050	Unpaid obligations, end of year	82	43	26
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–22	–28	–28
3070	Change in uncollected pymts, Fed sources, unexpired	–19
3071	Change in uncollected pymts, Fed sources, expired	13

3090	Uncollected pymts, Fed sources, end of year	–28	–28	–28
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	73	54	15
3200	Obligated balance, end of year	54	15	–2

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	357	389	397
	Outlays, gross:
4010	Outlays from new discretionary authority	299	349	356
4011	Outlays from discretionary balances	68	72	40

4020	Outlays, gross (total)	367	421	396
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–59	–77	–79
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–19
4052	Offsetting collections credited to expired accounts	13

4060	Additional offsets against budget authority only (total)	–6

4070	Budget authority, net (discretionary)	292	312	318
4080	Outlays, net (discretionary)	308	344	317
4180	Budget authority, net (total)	292	312	318
4190	Outlays, net (total)	308	344	317

Departmental Offices (DO), as the headquarters bureau for the Department of the Treasury, provides leadership in economic and financial policy, terrorism and financial intelligence, financial crimes, and general management. The Secretary of the Treasury has the primary role of formulating and managing the domestic and international tax and financial policies of the Federal Government. Through effective management, policies, and leadership, the Treasury Department protects our national security through targeted financial actions, promotes the stability of the nation's financial markets, and ensures the Government's ability to collect revenue and fund its operations.


Identification code 20–0101–0–1–803		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	135	138	143
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	3	3	3

11.9	Total personnel compensation	140	143	148
12.1	Civilian personnel benefits	40	42	43
21.0	Travel and transportation of persons	6	6	6
23.1	Rental payments to GSA	6	6	6
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges	4	4	4
25.1	Advisory and assistance services	20	21	14
25.2	Other services from non-Federal sources	16	32	31
25.3	Other goods and services from Federal sources	41	41	36
25.7	Operation and maintenance of equipment	3	3	3
26.0	Supplies and materials	6	6	6
31.0	Equipment	8	7	11

99.0	Direct obligations	291	312	309
99.0	Reimbursable obligations	66	70	70

99.9	Total new obligations	357	382	379


Identification code 20–0101–0–1–803		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	1,189	1,171	1,188
2001	Reimbursable civilian full-time equivalent employment	125	132	132

For development and acquisition of automatic data processing equipment, software, and services and for repairs and renovations to buildings owned by the Department of the Treasury, $2,725,000, to remain available until September 30, [2016] 2017: 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 under this heading shall be used to support or supplement "Internal Revenue Service, Operations Support'' or "Internal Revenue Service, Business Systems Modernization'']. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0115–0–1–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	1	3	3

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2	1	2
1021	Recoveries of prior year unpaid obligations		1	1

1050	Unobligated balance (total)	2	2	3
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation		3	3

1160	Appropriation, discretionary (total)		3	3
1900	Budget authority (total)		3	3
1930	Total budgetary resources available	2	5	6
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	2	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	6	3	3
3010	Obligations incurred, unexpired accounts	1	3	3
3020	Outlays (gross)	–4	–2	–2
3040	Recoveries of prior year unpaid obligations, unexpired		–1	–1

3050	Unpaid obligations, end of year	3	3	3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	6	3	3
3200	Obligated balance, end of year	3	3	3

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross		3	3
	Outlays, gross:
4010	Outlays from new discretionary authority		1	1
4011	Outlays from discretionary balances	4	1	1

4020	Outlays, gross (total)	4	2	2
4180	Budget authority, net (total)		3	3
4190	Outlays, net (total)	4	2	2

This account is authorized to be used by Treasury's offices and bureaus to modernize business processes and increase efficiency through technology and infrastructure investments. Current investments include implementation of cybersecurity program initiatives, which will help prevent computer security breaches that could result in disclosure of sensitive information, and repairs and renovations to buildings owned and maintained by the Department of the Treasury.


Identification code 20–0115–0–1–803		2013 actual	2014 est.	2015 est.

	Direct obligations:
25.2	Other services from non-Federal sources	1	2	2
32.0	Land and structures		1	1

99.9	Total new obligations	1	3	3

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, [$34,800,000] $35,351,000, including hire of passenger motor vehicles; of which not to exceed $100,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated and expended under the direction of the Inspector General of the Treasury[; of which not to exceed $2,500 shall be available for official reception and representation expenses; and of which $2,800,000 shall be for audits and investigations conducted pursuant to section 1608 of the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note)]. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0106–0–1–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Audits	20	27	27
0002	Investigations	8	8	8

0799	Total direct obligations	28	35	35
0801	Reimbursable program	9	12	12

0900	Total new obligations	37	47	47

	Budgetary Resources:
	Unobligated balance:
1012	Unobligated balance transfers between expired and unexpired accounts	1
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	30	35	35
1130	Appropriations permanently reduced	–2

1160	Appropriation, discretionary (total)	28	35	35
	Spending authority from offsetting collections, discretionary:
1700	Collected	4	12	12
1701	Change in uncollected payments, Federal sources	5

1750	Spending auth from offsetting collections, disc (total)	9	12	12
1900	Budget authority (total)	37	47	47
1930	Total budgetary resources available	38	47	47
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	11	7	9
3010	Obligations incurred, unexpired accounts	37	47	47
3020	Outlays (gross)	–40	–45	–47
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	7	9	9
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–7	–5	–5
3070	Change in uncollected pymts, Fed sources, unexpired	–5
3071	Change in uncollected pymts, Fed sources, expired	7

3090	Uncollected pymts, Fed sources, end of year	–5	–5	–5
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	4	2	4
3200	Obligated balance, end of year	2	4	4

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	37	47	47
	Outlays, gross:
4010	Outlays from new discretionary authority	29	36	36
4011	Outlays from discretionary balances	11	9	11

4020	Outlays, gross (total)	40	45	47
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–11	–12	–12
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–5
4052	Offsetting collections credited to expired accounts	7

4060	Additional offsets against budget authority only (total)	2

4070	Budget authority, net (discretionary)	28	35	35
4080	Outlays, net (discretionary)	29	33	35
4180	Budget authority, net (total)	28	35	35
4190	Outlays, net (total)	29	33	35

The Office of Inspector General (OIG) conducts audits, evaluations, and investigations designed to: (1) promote economy, efficiency, and effectiveness and prevent and detect 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. The OIG conducts audits and investigations of all Treasury programs and operations except those under jurisdictional oversight of the Treasury Inspector General for Tax Administration and the Special Inspector General for the Troubled Assets Relief Program. Additionally, the Treasury Inspector General functions as the Chair of the Council of Inspectors General on Financial Oversight. The Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act (RESTORE Act) tasked Treasury OIG with providing oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund.

The 2015 resources for the OIG will be used to provide critical audit oversight to ensure the effectiveness and integrity of Treasury's programs and operations. The OIG will continue to address mandated requirements related to audits of the Department's financial statements, information security, improper payments prevention, and failed Treasury-regulated financial institutions. The OIG will also address mandated requirements related to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including requirements to monitor and periodically report on the transfer of functions of the Office of Thrift Supervision. In addition, the OIG will conduct audits of the Department's highest risk programs and operations. The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 75 audit products in 2015.

In 2015, OIG will continue to provide oversight, on a reimbursable basis, of the Small Business Lending Fund (SBLF) and the State Small Business Credit Initiative (SSBCI). The programs were created by the Small Business Jobs Act of 2010 and assigned to the Department of the Treasury for management and execution.

In 2015, OIG Office of Investigations will continue to investigate 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, 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 corrective administrative action in a timely manner.


Identification code 20–0106–0–1–803		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	15	17	18
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	16	18	19
12.1	Civilian personnel benefits	5	6	6
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	2	2	2
23.3	Communications, utilities, and miscellaneous charges		1	1
25.2	Other services from non-Federal sources	1	2	3
25.3	Other goods and services from Federal sources	2	3	3
31.0	Equipment	1	2

99.0	Direct obligations	28	35	35
99.0	Reimbursable obligations	9	12	12

99.9	Total new obligations	37	47	47


Identification code 20–0106–0–1–803		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	175	180	194
2001	Reimbursable civilian full-time equivalent employment		21	21

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] 10 for replacement only for police-type use) and hire of passenger motor vehicles (31 U.S.C. 1343(b)); and services authorized by 5 U.S.C. 3109, at such rates as may be determined by the Inspector General for Tax Administration; [$156,375,000] $157,419,000, of which $5,000,000 shall remain available until September 30, [2015] 2016; of which not to exceed $6,000,000 shall be available for official travel expenses; of which not to exceed $500,000 shall be available 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]. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0119–0–1–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Audit	53	61	61
0002	Investigations	91	95	96

0799	Total direct obligations	144	156	157
0801	Reimbursable program	1	2	2

0900	Total new obligations	145	158	159

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	1	1
1012	Unobligated balance transfers between expired and unexpired accounts	1

1050	Unobligated balance (total)	2	1	1
	Budget authority:
	Appropriations, discretionary:
1100	New budget authority (gross), detail	151	157	158
1130	Appropriations permanently reduced	–8

1160	Appropriation, discretionary (total)	143	157	158
	Spending authority from offsetting collections, discretionary:
1700	Collected	1	1	1
1701	Change in uncollected payments, Federal sources	1

1750	Spending auth from offsetting collections, disc (total)	2	1	1
1900	Budget authority (total)	145	158	159
1930	Total budgetary resources available	147	159	160
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	1	1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Change in obligated balances	15	9	9
3010	Obligations incurred, unexpired accounts	145	158	159
3011	Obligations incurred, expired accounts	1
3020	Outlays (gross)	–150	–158	–158
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	9	9	10
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1	–2	–2
3070	Change in uncollected pymts, Fed sources, unexpired	–1

3090	Uncollected pymts, Fed sources, end of year	–2	–2	–2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	14	7	7
3200	Obligated balance, end of year	7	7	8

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	145	158	159
	Outlays, gross:
4010	Outlays (gross), detail	138	146	146
4011	Outlays from discretionary balances	12	12	12

4020	Outlays, gross (total)	150	158	158
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–1	–1	–1
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–1

4070	Budget authority, net (discretionary)	143	157	158
4080	Outlays, net (discretionary)	149	157	157
4180	Budget authority, net (total)	143	157	158
4190	Outlays, net (total)	149	157	157

The Treasury Inspector General for Tax Administration (TIGTA) conducts independent audits, investigations, and inspections and evaluations 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. TIGTA also continues to play a key role in ensuring the provisions of the Affordable Care Act are implemented and administered in accordance with the law and the intent of Congress.

In 2015, TIGTA's Office of Investigations will concentrate on three core areas: (1) employee integrity; (2) employee and infrastructure security; and (3) external attempts to corrupt tax administration. As the principal law enforcement agency responsible for protecting the integrity of tax administration, TIGTA will focus its investigative efforts on identifying vulnerabilities and emerging threats to electronic tax administration.

In 2015, TIGTA's Office of Audit will focus on the major management and performance challenges and key cross-cutting issues confronting the IRS by balancing statutory audit coverage and high-risk audit work. The statutory coverage will include audits mandated by the IRS Restructuring and Reform Act of 1998 and other statutory authorities and standards involving computer security, taxpayer privacy and rights, and financial management. The remaining balance of TIGTA's audit work will focus on high-risk tax administration areas and the IRS's progress in achieving its strategic goals. Audits will address areas of concern to Congress, Secretary of the Treasury, the IRS Oversight Board and the IRS Commissioner. TIGTA's 2013 highlights include issuing 115 audit reports, and identifying more than $16.6 billion in potential financial benefits.

In 2015, TIGTA's Office of Inspections and Evaluations will conduct strategic reviews targeting specific tax administration problems. TIGTA's 2013 highlights include issuing nine inspection/evaluation reports, and identifying $204.6 thousand in cost savings.


Identification code 20–0119–0–1–803		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	80	86	86
11.5	Other personnel compensation	8	9	9

11.9	Total personnel compensation	88	95	95
12.1	Civilian personnel benefits	30	32	32
21.0	Travel and transportation of persons	1	3	3
23.1	Rental payments to GSA	9	9	9
23.3	Communications, utilities, and miscellaneous charges	2	2	2
25.1	Advisory and assistance services	1	1	1
25.2	Other services from non-Federal sources	1	1	1
25.3	Other goods and services from Federal sources	8	8	8
25.7	Operation and maintenance of equipment	1	1	1
26.0	Supplies and materials	1	1	1
31.0	Equipment	2	3	4

99.0	Direct obligations	144	156	157
99.0	Reimbursable obligations	1	2	2

99.9	Total new obligations	145	158	159


Identification code 20–0119–0–1–803		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	772	835	835
2001	Reimbursable civilian full-time equivalent employment	2	2	2

This account supports the Department's activities to expand access to basic financial services for low- and moderate-income individuals. Funds have been used to implement a grant program (the First Accounts Program), gather information on community needs and best practices, and implement the Community Financial Access Pilot. Funding for this account was last appropriated in FY 2000 (P.L. 106–346).


Identification code 20–0117–0–1–751		2013 actual	2014 est.	2015 est.

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1

3050	Unpaid obligations, end of year	1	1	1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1	1	1
3200	Obligated balance, end of year	1	1	1

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.


Identification code 20–0123–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Base Administrative Expenses	2	3	3
0003	Projected Payments to Insurers		110	176

0900	Total new obligations	2	113	179

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	113	179

1260	Appropriations, mandatory (total)	2	113	179
1900	Budget authority (total)	2	113	179
1930	Total budgetary resources available	2	113	179

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	Obligations incurred, unexpired accounts	2	113	179
3020	Outlays (gross)	–2	–113	–179

3050	Unpaid obligations, end of year	1	1	1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1	1	1
3200	Obligated balance, end of year	1	1	1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2	113	179
	Outlays, gross:
4100	Outlays from new mandatory authority	2	113	179
4180	Budget authority, net (total)	2	113	179
4190	Outlays, net (total)	2	113	179

The Terrorism Risk Insurance Extension Act of 2007 (P.L. 110–160) reauthorized and revised the program established by the Terrorism Risk Insurance Act (TRIA) of 2002 (P.L. 107–297) and administered by the Treasury Department. The 2007 Act extended the Terrorism Insurance Program for seven years, through December 31, 2014. This extension of TRIA added a requirement for commercial property and casualty insurers to make available coverage for losses from domestic, as well as foreign, acts of terrorism, and extended TRIA coverage for those losses.

The Budget baseline includes the estimated Federal cost of providing terrorism risk insurance, reflecting the 2007 TRIA extension. While the Budget does not forecast any specific act of terrorism, on a probabilistic basis and using market-driven data, the Budget projects annual outlays and recoupment for TRIA. On this basis, the Budget baseline projects net spending of $230 million over the 2015–2019 period and $300 million over the 2015–2024 period.

In order to preserve the long-term availability and affordability of property and casualty insurance for terrorism risk, the Budget proposes to extend the Terrorism Risk Insurance Program and to implement programmatic reforms to limit taxpayer exposure and achieve cost neutrality. The Administration will work with Congress to identify appropriate adjustments to program terms to achieve budget neutrality and, over the longer term, full transition of the program to the private sector. Building on previously enacted reforms to the program, this extension may include changes to the size of the deductible, the threshold for a certified terrorist event, or the loss-sharing percentages for the Government and covered firms after the deductible is exceeded.


Identification code 20–0123–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	2	2
25.2	Other services from non-Federal sources	1	1	1
42.0	Projected Insurance claims and indemnities		110	176

99.9	Total new obligations	2	113	179


Identification code 20–0123–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	6	10	10

Of the unobligated balances available under this heading, [$736,000,000] $950,000,000 are [rescinded] hereby permanently cancelled not later than September 30, 2015. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–5697–0–2–751		2013 actual	2014 est.	2015 est.

0100	Balance, start of year	951	1,038	844
	Receipts:
0200	Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund	1,713	600	548
0240	Earnings on Investments, Treasury Forfeiture Fund	2	2	2

0299	Total receipts and collections	1,715	602	550

0400	Total: Balances and collections	2,666	1,640	1,394
	Appropriations:
0500	Treasury Forfeiture Fund	–2,665	–639	–443
0501	Treasury Forfeiture Fund		–1,037	–836
0502	Treasury Forfeiture Fund	1,037	44
0503	Treasury Forfeiture Fund		836

0599	Total appropriations	–1,628	–796	–1,279

0799	Balance, end of year	1,038	844	115


Identification code 20–5697–0–2–751		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Asset forfeiture fund	908	723	367

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	145	889	95
1021	Recoveries of prior year unpaid obligations	24

1050	Unobligated balance (total)	169	889	95
	Budget authority:
	Appropriations, discretionary:
1130	Appropriations permanently reduced			–950

1160	Appropriation, discretionary (total)			–950
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	2,665	639	443
1203	Appropriation (previously unavailable)		1,037	836
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–867
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1,037	–44
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–836

1260	Appropriations, mandatory (total)	1,628	–71	1,279
1900	Budget authority (total)	1,628	–71	329
1930	Total budgetary resources available	1,797	818	424
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	889	95	57

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	551	924	942
3010	Obligations incurred, unexpired accounts	908	723	367
3020	Outlays (gross)	–511	–705	–284
3040	Recoveries of prior year unpaid obligations, unexpired	–24

3050	Unpaid obligations, end of year	924	942	1,025
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	551	924	942
3200	Obligated balance, end of year	924	942	1,025

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			–950
	Outlays, gross:
4010	Outlays from new discretionary authority			–475
	Mandatory:
4090	Budget authority, gross	1,628	–71	1,279
	Outlays, gross:
4100	Outlays from new mandatory authority	253	–35	640
4101	Outlays from mandatory balances	258	740	119

4110	Outlays, gross (total)	511	705	759
4180	Budget authority, net (total)	1,628	–71	329
4190	Outlays, net (total)	511	705	284

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	1,631	2,824	1,957
5001	Total investments, EOY: Federal securities: Par value	2,824	1,957	1,957

The mission of the Treasury Forfeiture Fund is to affirmatively influence the consistent and strategic use of asset forfeiture by our participating agencies to disrupt and dismantle criminal enterprises. The Treasury Forfeiture Fund supports 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 of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. This revenue is 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. Revenue can also be used to fund Federal law enforcement related activities based on requests from Federal agencies and evaluation by the Secretary of the Treasury. The Budget proposes to permanently cancel $950 million of unobligated balances.


Identification code 20–5697–0–2–751		2013 actual	2014 est.	2015 est.

	Direct obligations:
25.2	Other services from non-Federal sources	183	50	26
25.3	Other goods and services from Federal sources	144	145	73
41.0	Grants, subsidies, and contributions	581	528	268

99.9	Total new obligations	908	723	367


Identification code 20–5590–0–2–376		2013 actual	2014 est.	2015 est.

0100	Balance, start of year		2	10
	Receipts:
0200	Fees and Assessments, Financial Research Fund	35	109	106

0400	Total: Balances and collections	35	111	116
	Appropriations:
0500	Financial Research Fund	–35	–109	–115
0501	Financial Research Fund	2	8

0599	Total appropriations	–33	–101	–115

0799	Balance, end of year	2	10	1


Identification code 20–5590–0–2–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0002	FSOC	6	7	8
0003	FDIC Payments	6	12	12

0091	FSOC subtotal	12	19	20
0101	OFR	65	86	92

0900	Total new obligations	77	105	112

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	125	82	78
1021	Recoveries of prior year unpaid obligations	1

1050	Unobligated balance (total)	126	82	78
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	35	109	115
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–8

1260	Appropriations, mandatory (total)	33	101	115
1900	Budget authority (total)	33	101	115
1930	Total budgetary resources available	159	183	193
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	82	78	81

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	17	26	31
3010	Obligations incurred, unexpired accounts	77	105	112
3020	Outlays (gross)	–67	–100	–111
3040	Recoveries of prior year unpaid obligations, unexpired	–1

3050	Unpaid obligations, end of year	26	31	32
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	17	26	31
3200	Obligated balance, end of year	26	31	32

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	33	101	115
	Outlays, gross:
4100	Outlays from new mandatory authority		27	29
4101	Outlays from mandatory balances	67	73	82

4110	Outlays, gross (total)	67	100	111
4180	Budget authority, net (total)	33	101	115
4190	Outlays, net (total)	67	100	111

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value		62	62
5001	Total investments, EOY: Federal securities: Par value	62	62	62

The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council) were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Act) (P.L. 111–203).

The OFR was established to serve the Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information, by conducting and sponsoring research related to financial stability, and by promoting best practices in risk management. OFR is an office within the Department of the Treasury.

The Council is comprised of ten voting members, including all Federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chairperson of the Council. The Council's purpose is to identify risks to the financial stability of the United States, promote market discipline, and respond to emerging threats to the stability of the U.S. financial system.

As required under Section 210(n)(10) of the Act, the Council's expenses also include reimbursements of certain reasonable implementation expenses incurred by the Federal Deposit Insurance Corporation (FDIC) in the development of policies, procedures, rules, and regulations and other planning activities consistent with carrying out Orderly Liquidation Authority provided by Title II of the Act. These expenses are treated as expenses of the Council, and are estimated at $12.5 million in 2015.

OFR and the Council were funded through transfers from the Board of Governors of the Federal Reserve System until July 20, 2012. Subsequently, OFR and the Council have been funded through assessments on certain bank holding companies with total consolidated assets of $50 billion or more and non-bank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, OFR. OFR expenses are paid for out of the Financial Research Fund, which was established by the Act and which is managed by the Department of the Treasury. Projected fees and assessments are estimates and may change.


Identification code 20–5590–0–2–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	18	30	31
12.1	Civilian personnel benefits	6	8	10
21.0	Travel and transportation of persons			1
23.1	Rental payments to GSA	3	4	4
23.3	Communications, utilities, and miscellaneous charges	2	2	2
25.1	Advisory and assistance services	13	17	14
25.2	Other services from non-Federal sources	1
25.3	Other goods and services from Federal sources	17	24	26
26.0	Supplies and materials	4	7	9
31.0	Equipment	13	13	15

99.9	Total new obligations	77	105	112


Identification code 20–5590–0–2–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	132	240	275


Identification code 20–5081–0–2–808		2013 actual	2014 est.	2015 est.

0100	Balance, start of year			16
	Receipts:
0200	Presidential Election Campaign Fund	35	50	50

0400	Total: Balances and collections	35	50	66
	Appropriations:
0500	Presidential Election Campaign Fund	–35	–34	–32

0799	Balance, end of year		16	34


Identification code 20–5081–0–2–808		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0003	Nominating Conventions - Major Party			38
0004	Presidential Primary Matching Fund Candidates	1

0900	Total new obligations (object class 41.0)	1		38

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	235	269	299
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	35	34	32
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–4

1260	Appropriations, mandatory (total)	35	30	32
1900	Budget authority (total)	35	30	32
1930	Total budgetary resources available	270	299	331
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	269	299	293

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	1		38
3020	Outlays (gross)	–1		–38

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	35	30	32
	Outlays, gross:
4101	Outlays from mandatory balances	1		38
4180	Budget authority, net (total)	35	30	32
4190	Outlays, net (total)	1		38

Individual Federal income tax returns include an optional Federal income tax designation of $3 that an individual may elect to be paid to the Presidential Election Campaign Fund (PECF). In recent years, fewer than 7 percent of individuals have elected to make this designation, resulting in less than $40 million being paid into the Fund annually. Approximately every four years, the Department of the Treasury makes distributions from the PECF (referred to as public funds, matching funds, or Federal funds) to qualified Presidential candidates and national party committees for use in Presidential elections.

Money for the public funding of Presidential elections can only come from the PECF. If the PECF were to exhaust its fund balances, no other funds could be used.

The Federal Election Commission administers the public funding program, determining which candidates are eligible, the amount to which they are entitled, and auditing their use of funds. The Department of the Treasury collects the income tax designations and makes payments to the campaigns.

Matching Funds for Presidential Primary Candidates— Upon certification by the Federal Election Commission—based on a demonstration of broad national support, adherence to spending limits, and other qualifications—every eligible Presidential primary candidate is entitled to receive $250 in Federal matching funds for the first eligible $250 of private contributions received from an individual. The private contributions must be received after the beginning of the calendar year immediately preceding the election year through the end of the calendar year of the election.

Candidates for General Elections— By statute, eligible candidates of each major party in a Presidential election are entitled to equal payments in an amount that may not exceed $20 million (adjusted for inflation since 1974) per party. In 2012, this amounted to $91.2 million for each candidate, but neither major party candidate accepted general election funding. Eligibility for this funding depends on meeting several criteria, such as agreeing to limit spending to amounts specified by campaign finance laws. In addition, new parties, minor parties, and non-major party candidates who receive in excess of 5 percent of the popular vote may be entitled to a pro rata portion of the major party grant in the general election.

Nominating Party Conventions— Upon certification by the Commission, payments may be made to the national committee of a major or minor political party. The total of such payments is limited to the amount in the PECF. 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 (adjusted for inflation since 1974). The long- range budget estimates include payments to the party conventions through fiscal year 2024.

The Budget proposes a $300 million one-time mandatory appropriation for a new Pay for Success (PFS) program in the Department of the Treasury. This program will support the growing number of state and local governments seeking to establish Pay for Success projects that leverage private investment to provide preventive social services that improve the outcomes for families and communities while generating Government savings. The program will encourage innovation and accelerate the use of evidence-based approaches by lowering and sharing the risk associated with initial private investments and by enabling state and local governments to attract additional investment in services that result in Federal, state, and local government savings. The program will provide credit enhancements and results-based payments to eligible intermediaries. The PFS Incentive Fund will help to strengthen state and local governments and other intermediaries and support the evolution of this nascent field into a more robust and sustainable public and private market.


Identification code 20–0113–4–1–808		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Pay For Success Programs			41
0002	Administrative Functions			1

0900	Total new obligations			42

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			300

1260	Appropriations, mandatory (total)			300
1930	Total budgetary resources available			300
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			258

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			42
3020	Outlays (gross)			–1

3050	Unpaid obligations, end of year			41
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			41

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			300
	Outlays, gross:
4100	Outlays from new mandatory authority			1
4180	Budget authority, net (total)			300
4190	Outlays, net (total)			1


Identification code 20–0113–4–1–808		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			1
41.0	Grants, subsidies, and contributions			41

99.9	Total new obligations			42


Identification code 20–0113–4–1–808		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment			4


Identification code 20–4444–0–3–155		2013 actual	2014 est.	2015 est.

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	44,092	42,393	42,614
1021	Recoveries of prior year unpaid obligations	287
1026	Adjustment for change in allocation of trust fund limitation or foreign exchange valuation	–2,116

1050	Unobligated balance (total)	42,263	42,393	42,614
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	130	221	249

1850	Spending auth from offsetting collections, mand (total)	130	221	249
1930	Total budgetary resources available	42,393	42,614	42,863
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	42,393	42,614	42,863

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	59,671	59,384	59,384
3040	Recoveries of prior year unpaid obligations, unexpired	–287

3050	Unpaid obligations, end of year	59,384	59,384	59,384
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	59,671	59,384	59,384
3200	Obligated balance, end of year	59,384	59,384	59,384

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	130	221	249
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4121	Interest on Federal securities	–13	–21	–28
4123	Non-Federal sources	–117	–200	–221

4130	Offsets against gross budget authority and outlays (total)	–130	–221	–249
4170	Outlays, net (mandatory)	–130	–221	–249
4190	Outlays, net (total)	–130	–221	–249

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	22,680	22,669	22,666
5001	Total investments, EOY: Federal securities: Par value	22,669	22,666	22,670

Under the law creating the Exchange Stabilization Fund (ESF), section 10 of the Gold Reserve Act of 1934, as amended, codified at 31 U.S.C. 5302, the Secretary of the Treasury, with the approval of the President, is authorized to deal in gold, 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. All earnings and interest accruing to the ESF are available for the purposes thereof. Transactions in Special Drawing Rights (SDRs) and U.S. holdings of SDRs are administered by the fund. By law, the fund is not available to pay administrative expenses.

Since 1934, the principal sources of the fund's income have been earnings on investments held by the fund, including interest earned on fund holdings of U.S. Government securities.

The amounts reflected in the 2014 and 2015 estimates entail only projected net interest earnings on 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.


Identification code 20–4444–0–3–155		2012 actual	2013 actual

	ASSETS:
	Federal assets: Investments in US securities:
1102	Treasury securities, par	22,680	22,669
1201	Non-Federal assets: Foreign Currency Investments	25,940	24,221
1801	Other Federal assets: Special Drawing Rights	55,240	54,973

1999	Total assets	103,860	101,863
	LIABILITIES:
2207	Non-Federal liabilities: Other	59,671	59,384
	NET POSITION:
3100	Unexpended appropriations	200	200
3300	Cumulative results of operations	43,989	42,279

3999	Total net position	44,189	42,479

4999	Total liabilities and net position	103,860	101,863


Identification code 20–4501–0–4–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0810	Working capital fund	188

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	53	28
1010	Unobligated balance transfer to other accts [20–4560]		–28
1021	Recoveries of prior year unpaid obligations	21

1050	Unobligated balance (total)	74
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	142

1750	Spending auth from offsetting collections, disc (total)	142
1900	Budget authority (total)	142
1930	Total budgetary resources available	216
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	28

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	85	81
3010	Obligations incurred, unexpired accounts	188
3020	Outlays (gross)	–171
3030	Unpaid obligations transferred to other accts [20–4560]		–81
3040	Recoveries of prior year unpaid obligations, unexpired	–21

3050	Unpaid obligations, end of year	81
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–5	–5	–5

3090	Uncollected pymts, Fed sources, end of year	–5	–5	–5
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	80	76	–5
3200	Obligated balance, end of year	76	–5	–5

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	142
	Outlays, gross:
4010	Outlays from new discretionary authority	139
4011	Outlays from discretionary balances	32

4020	Outlays, gross (total)	171
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–142
4190	Outlays, net (total)	29


Identification code 20–4501–0–4–803		2013 actual	2014 est.	2015 est.

	Reimbursable obligations:
11.1	Personnel compensation: Full-time permanent	24
12.1	Civilian personnel benefits	6
23.1	Rental payments to GSA	5
23.3	Communications, utilities, and miscellaneous charges	3
25.1	Advisory and assistance services	17
25.2	Other services from non-Federal sources	52
25.3	Other goods and services from Federal sources	62
25.7	Operation and maintenance of equipment	9
26.0	Supplies and materials	1
31.0	Equipment	9

99.9	Total new obligations	188


Identification code 20–4501–0–4–803		2013 actual	2014 est.	2015 est.

2001	Reimbursable civilian full-time equivalent employment	202


Identification code 20–4560–0–4–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0802	Financial Management Administrative Support Service	128	138	159
0804	Information Technology Services	152	146	151
0806	Shared Services Program		172	172

0900	Total new obligations	280	456	482

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	64	98	115
1011	Unobligated balance transfer from other accts [20–4501]		28
1021	Recoveries of prior year unpaid obligations	3

1050	Unobligated balance (total)	67	126	115
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	256	445	482
1701	Change in uncollected payments, Federal sources	55

1750	Spending auth from offsetting collections, disc (total)	311	445	482
1930	Total budgetary resources available	378	571	597
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	98	115	115

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	55	65	121
3010	Obligations incurred, unexpired accounts	280	456	482
3020	Outlays (gross)	–267	–481	–575
3031	Unpaid obligations transferred from other accts [20–4501]		81
3040	Recoveries of prior year unpaid obligations, unexpired	–3

3050	Unpaid obligations, end of year	65	121	28
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–7	–62	–62
3070	Change in uncollected pymts, Fed sources, unexpired	–55

3090	Uncollected pymts, Fed sources, end of year	–62	–62	–62
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	48	3	59
3200	Obligated balance, end of year	3	59	–34

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	311	445	482
	Outlays, gross:
4010	Outlays from new discretionary authority	231	383	415
4011	Outlays from discretionary balances	36	98	160

4020	Outlays, gross (total)	267	481	575
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–256	–445	–482
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–55
4080	Outlays, net (discretionary)	11	36	93
4190	Outlays, net (total)	11	36	93

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 pilot was to lower costs while providing high quality administrative services through a competitive environment. 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 revolving in nature and provides accounting, procurement, travel, human resources, and information technology services through its three business lines: the Administrative Resource Center (ARC), Fiscal IT, and the Shared Services Programs. The Shared Services Programs were transferred in from the Treasury Working Capital Fund on October 1, 2013. Services are provided to Federal customers, on a reimbursable, fee-for-service basis.


Identification code 20–4560–0–4–803		2013 actual	2014 est.	2015 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	88	132	140
11.3	Other than full-time permanent	1
11.5	Other personnel compensation	3	4	4

11.9	Total personnel compensation	92	136	144
12.1	Civilian personnel benefits	29	34	36
21.0	Travel and transportation of persons	2	3	3
23.1	Rental payments to GSA		4	4
23.2	Rental payments to others		1	1
23.3	Communications, utilities, and miscellaneous charges	7	7	7
25.1	Advisory and assistance services	18	58	61
25.2	Other services from non-Federal sources	13	55	59
25.3	Other goods and services from Federal sources	44	84	89
25.7	Operation and maintenance of equipment	44	38	40
26.0	Supplies and materials	1	2	2
31.0	Equipment	30	34	36

99.9	Total new obligations	280	456	482


Identification code 20–4560–0–4–803		2013 actual	2014 est.	2015 est.

2001	Reimbursable civilian full-time equivalent employment	1,182	1,618	1,836


Identification code 20–0140–0–1–271		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct Program Activity	5,147	4,665	1,695

0900	Total new obligations (object class 41.0)	5,147	4,665	1,695

	Budgetary Resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	3
1029	Other balances withdrawn	–9

1050	Unobligated balance (total)	–6
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	5,310	5,027	1,695
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–164	–362

1260	Appropriations, mandatory (total)	5,146	4,665	1,695
	Spending authority from offsetting collections, mandatory:
1800	Collected	7

1850	Spending auth from offsetting collections, mand (total)	7
1900	Budget authority (total)	5,153	4,665	1,695
1930	Total budgetary resources available	5,147	4,665	1,695

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	294	32	32
3010	Obligations incurred, unexpired accounts	5,147	4,665	1,695
3020	Outlays (gross)	–5,406	–4,665	–1,695
3040	Recoveries of prior year unpaid obligations, unexpired	–3

3050	Unpaid obligations, end of year	32	32	32
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	294	32	32
3200	Obligated balance, end of year	32	32	32

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	5,153	4,665	1,695
	Outlays, gross:
4100	Outlays from new mandatory authority	5,146	4,633	1,695
4101	Outlays from mandatory balances	260	32

4110	Outlays, gross (total)	5,406	4,665	1,695
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–7
4180	Budget authority, net (total)	5,146	4,665	1,695
4190	Outlays, net (total)	5,399	4,665	1,695

Section 1603 of the American Recovery and Reinvestment Act of 2009 authorized and directed the Secretary of the Treasury to establish payments in lieu of tax credits for taxpayers that place in service qualifying renewable energy facilities. This account presents the estimated disbursements for this program.

This program provides payments for specified energy property (including qualified facilities that produce electricity from wind and certain other renewable resources; qualified fuel cell property; solar property; qualified small wind energy property; geothermal property; qualified microturbine property; combined heat and power system property; and geothermal heat pump property). Payments are available for property placed in service in 2009, 2010 or 2011. In some cases, if construction begins in 2009, 2010, or 2011, the payment can be claimed for property placed in service before 2013, 2014 or 2017 (depending on the type of property). In general, projects that meet eligibility criteria for the energy property investment tax credit (ITC) (including qualified renewable energy facilities for which an election to claim the ITC can be made) are eligible for the payments. A person or entity receiving a payment for specified energy property may not claim either the investment tax credit or the renewable energy production tax credit with respect to the same property. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Public Law 111–312), Section 707(a) extended for one year, through 2011, the time within which certain eligible property must be placed in service or start construction.

To carry out the Riegle Community Development and Regulatory Improvements Act of 1994 (subtitle A of title I of 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 EX-3, [$226,000,000] $224,900,000, to remain available until September 30, [2015] 2016; of which $15,000,000 shall be for financial assistance, technical assistance, training and outreach programs, designed to benefit Native American, Native Hawaiian, and Alaskan Native communities and provided primarily through qualified community development lender organizations with experience and expertise in community development banking and lending in Indian country, Native American organizations, tribes and tribal organizations and other suitable providers; of which, notwithstanding [sections] section 4707(d) [and 4707(e)] of title 12, United States Code, up to [$22,000,000] $35,000,000 shall be for a Healthy Food Financing Initiative to provide financial assistance, technical assistance, training, and outreach to community development financial institutions for the purpose of offering affordable financing and technical assistance to expand the availability of healthy food options in distressed communities; of which [$18,000,000 shall be for the Bank Enterprise Award program; of which up to $24,636,000] up to $23,600,000 may be used for administrative expenses, including administration of CDFI Fund programs and the New Markets Tax Credit Program [and the CDFI Bond Guarantee Program, $1,000,000 for capacity building to expand CDFI investments in underserved areas], and up to $300,000 for the administrative expenses to carry out the direct loan program; and of which up to [$2,222,500] $3,102,500 may be used for the cost of direct loans: Provided, That the cost of direct and guaranteed loans, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize gross obligations for the principal amount of direct loans not to exceed $25,000,000: Provided further, That [during fiscal year 2014] section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4701 et seq.) shall remain in effect until September 30, 2015: Provided further, That commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. [4701 et seq.] 4713a) shall not exceed [$750,000,000] $1,000,000,000: Provided further, That no funds shall be available for the cost, if any, of bonds and notes guaranteed under such section, as defined in section 502 of the Congressional Budget Act of 1974. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–1881–0–1–451		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0009	General Administrative Expenses	23	25	24
0012	Financial Assistance	143	146	151
0014	Native American/Hawaiian Program	13	15	15
0026	Healthy Food Initiative	22	22	35
0028	Bank Enterprise Award	18	18

0091	Direct program activities, subtotal	219	226	225
	Credit program obligations:
0701	Direct loan subsidy	4	3	2
0705	Reestimates of direct loan subsidy	1

0791	Direct program activities, subtotal	5	3	2

0900	Total new obligations	224	229	227

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	37	32	39
1001	Discretionary unobligated balance brought fwd, Oct 1	37	32
1021	Recoveries of prior year unpaid obligations	6	5	5

1050	Unobligated balance (total)	43	37	44
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	221	227	225
1130	Appropriations permanently reduced	–12

1160	Appropriation, discretionary (total)	209	227	225
	Appropriations, mandatory:
1200	Appropriation	1	1	1

1260	Appropriations, mandatory (total)	1	1	1
	Spending authority from offsetting collections, discretionary:
1700	Collected	3	3	1

1750	Spending auth from offsetting collections, disc (total)	3	3	1
1900	Budget authority (total)	213	231	227
1930	Total budgetary resources available	256	268	271
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	32	39	44

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	177	189	151
3010	Obligations incurred, unexpired accounts	224	229	227
3020	Outlays (gross)	–206	–262	–169
3040	Recoveries of prior year unpaid obligations, unexpired	–6	–5	–5

3050	Unpaid obligations, end of year	189	151	204
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	177	189	151
3200	Obligated balance, end of year	189	151	204

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	212	230	226
	Outlays, gross:
4010	Outlays from new discretionary authority	16	94	91
4011	Outlays from discretionary balances	190	167	77

4020	Outlays, gross (total)	206	261	168
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–3	–3	–1
	Mandatory:
4090	Budget authority, gross	1	1	1
	Outlays, gross:
4101	Outlays from mandatory balances		1	1
4180	Budget authority, net (total)	210	228	226
4190	Outlays, net (total)	203	259	168

	Memorandum (non-add) entries:
5010	Total investments, SOY: non-Fed securities: Market value	21	18
5011	Total investments, EOY: non-Fed securities: Market value	18

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


Identification code 20–1881–0–1–451		2013 actual	2014 est.	2015 est.

	Direct loan levels supportable by subsidy budget authority:
115001	Community Development Financial Institutions Prog Fin Assist.	13	25	25
115002	Bond Guarantee Program	325	750	1,000

115999	Total direct loan levels	338	775	1,025
	Direct loan subsidy (in percent):
132001	Community Development Financial Institutions Prog Fin Assist.	32.15	8.89	12.41
132002	Bond Guarantee Program	–2.35	0.00	0.00

132999	Weighted average subsidy rate	–1.02	0.29	0.30
	Direct loan subsidy budget authority:
133001	Community Development Financial Institutions Prog Fin Assist.	4	3	3
133002	Bond Guarantee Program	–8

133999	Total subsidy budget authority	–4	3	3
	Direct loan subsidy outlays:
134001	Community Development Financial Institutions Prog Fin Assist.	5	4	4

134999	Total subsidy outlays	5	4	4
	Direct loan upward reestimates:
135001	Community Development Financial Institutions Prog Fin Assist.	1	1

135999	Total upward reestimate budget authority	1	1
	Direct loan downward reestimates:
137001	Community Development Financial Institutions Prog Fin Assist.	–1	–8

137999	Total downward reestimate budget authority	–1	–8

The Community Development Financial Institutions (CDFI) Fund promotes economic and community development through investment in and assistance to CDFIs, which include community development banks, credit unions, loan funds, and venture capital funds, in order to expand the availability of financial services and affordable credit for underserved populations, including distressed urban, rural, Native American, Native Hawaiian, and Alaska Native communities. The CDFI Fund's role in promoting community and economic development was expanded in 2001 when the Secretary of the Treasury delegated to the CDFI Fund the responsibility of administering the New Markets Tax Credit Program (NMTC Program), which spurs investment of new private sector capital into low-income communities.

The FY 2015 Budget provides funding for the CDFI Program (including the Healthy Food Financing Initiative) and the Native American CDFI Assistance Program. In addition, the Budget proposes to permanently reauthorize the NMTC Program in 2015 and requests $5 billion of allocation authority per year, as well as authority to offset Alternative Minimum Tax liability. The Budget also proposes a new Manufacturing Communities Tax Credit (MCTC), with $2 billion in tax credit authority in each of three years through 2017. The NMTC allocations will expand the availability of affordable financing for operating businesses and real estate projects in low-income communities (such as renewable energy projects, charter schools, health care centers, manufacturing facilities, and retail centers), and the MCTC will support investments in communities affected by military base closures or mass layoffs.

The CDFI Fund's Bond Guarantee Program, established in the Small Business Jobs Act of 2010 (Public Law 111–240), supports CDFI lending and investment activity by providing a source of long-term capital in low-income and underserved communities. The proceeds of guaranteed bonds will spur job creation among small businesses and entrepreneurs, and provide needed financing for infrastructure development projects such as community facilities and affordable housing. The Budget proposes to extend the program's authorization by one year, through FY 2015, at a $1 billion guarantee level.


Identification code 20–1881–0–1–451		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	8	8	8
12.1	Civilian personnel benefits	2	2	2
25.1	Advisory and assistance services	9	9	7
25.3	Other goods and services from Federal sources	6	6	5
25.5	Research and development contracts		2	2
41.0	Grants, subsidies, and contributions	198	202	200

99.0	Direct obligations	223	229	224
99.5	Below reporting threshold	1		3

99.9	Total new obligations	224	229	227


Identification code 20–1881–0–1–451		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	76	76	73


Identification code 20–4088–0–3–451		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0710	Direct loan obligations	338	775	1,025
0713	Payment of interest to Treasury	1	1	1
0740	Negative subsidy obligations	8
0742	Downward reestimate paid to receipt account	1	7
0743	Interest on downward reestimates		1

0900	Total new obligations	348	784	1,026

	Budgetary Resources:
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	343	782	1,022

1440	Borrowing authority, mandatory (total)	343	782	1,022
	Spending authority from offsetting collections, mandatory:
1800	Collected	12	10	12
1801	Change in uncollected payments, Federal sources	–2	–2	–2
1825	Spending authority from offsetting collections applied to repay debt	–5	–6	–6

1850	Spending auth from offsetting collections, mand (total)	5	2	4
1900	Financing authority (total)	348	784	1,026
1930	Total budgetary resources available	348	784	1,026

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	14	346	1,112
3010	Obligations incurred, unexpired accounts	348	784	1,026
3020	Financing disbursements (gross)	–16	–18	–80

3050	Unpaid obligations, end of year	346	1,112	2,058
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–6	–4	–2
3070	Change in uncollected pymts, Fed sources, unexpired	2	2	2

3090	Uncollected pymts, Fed sources, end of year	–4	–2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	8	342	1,110
3200	Obligated balance, end of year	342	1,110	2,058

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	348	784	1,026
	Financing disbursements:
4110	Financing disbursements, gross	16	18	80
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–6	–4	–4
4123	Non-Federal sources - Interest repayments	–6	–1	–1
4123	Non-Federal sources - Principal Repayments		–5	–7

4130	Offsets against gross financing auth and disbursements (total)	–12	–10	–12
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	2	2	2

4160	Financing authority, net (mandatory)	338	776	1,016
4170	Financing disbursements, net (mandatory)	4	8	68
4180	Financing authority, net (total)	338	776	1,016
4190	Financing disbursements, net (total)	4	8	68


Identification code 20–4088–0–3–451		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on obligations:
1111	Limitation on direct loans	338	775	1,025

1150	Total direct loan obligations	338	775	1,025

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	46	54	65
1231	Disbursements: Direct loan disbursements	14	18	68
1251	Repayments: Repayments and prepayments	–5	–5	–8
1263	Write-offs for default: Direct loans	–1	–2	–2

1290	Outstanding, end of year	54	65	123

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.


Identification code 20–4088–0–3–451		2012 actual	2013 actual

	ASSETS:
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	46	54
1405	Allowance for subsidy cost (-)	–13	–17

1499	Net present value of assets related to direct loans	33	37

1999	Total assets	33	37
	LIABILITIES:
2103	Federal liabilities: Debt	33	37

4999	Total liabilities and net position	33	37


Identification code 20–0128–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	277	204	171
0811	Reimbursable program (to GAO)	2	2	2
0812	Reimbursable program (to Treasury and Non-Treasury agencies)	15	14	11

0899	Total reimbursable obligations	17	16	13

0900	Total new obligations	294	220	184

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	305	220	184

1260	Appropriations, mandatory (total)	305	220	184
1900	Budget authority (total)	305	220	184
1930	Total budgetary resources available	305	220	184
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–11

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	164	186	53
3010	Obligations incurred, unexpired accounts	294	220	184
3011	Obligations incurred, expired accounts	2
3020	Outlays (gross)	–248	–353	–191
3041	Recoveries of prior year unpaid obligations, expired	–26

3050	Unpaid obligations, end of year	186	53	46
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	164	186	53
3200	Obligated balance, end of year	186	53	46

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	305	220	184
	Outlays, gross:
4100	Outlays from new mandatory authority	153	176	147
4101	Outlays from mandatory balances	95	177	44

4110	Outlays, gross (total)	248	353	191
4180	Budget authority, net (total)	305	220	184
4190	Outlays, net (total)	248	353	191

The Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) authorized the establishment of the Troubled Asset Relief Program (TARP) and the Office of Financial Stability (OFS) to purchase and insure certain types of troubled assets for the purpose of providing stability to and preventing disruption in the economy and financial systems and protecting taxpayers. The Act gives the Treasury Secretary broad and flexible authority to purchase and insure mortgages and other troubled assets, as well as inject capital by taking limited equity positions, as needed to stabilize the financial markets. This account provides for the administrative costs for the OFS, which oversees and manages the TARP.


Identification code 20–0128–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	16	12	11
12.1	Civilian personnel benefits	5	4	3
21.0	Travel and transportation of persons	1	1	1
25.2	Other services from non-Federal sources	255	187	156

99.0	Direct obligations	277	204	171
99.0	Reimbursable obligations	17	16	13

99.9	Total new obligations	294	220	184


Identification code 20–0128–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	116	103	86
2001	Reimbursable civilian full-time equivalent employment	17	23	20


Identification code 20–0132–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0706	Interest on reestimates of direct loan subsidy	43	82

0900	Total new obligations (object class 41.0)	43	82

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	43	82

1260	Appropriations, mandatory (total)	43	82
1930	Total budgetary resources available	43	82

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	43
3010	Obligations incurred, unexpired accounts	43	82
3020	Outlays (gross)	–43	–82
3041	Recoveries of prior year unpaid obligations, expired	–43
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	43

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	43	82
	Outlays, gross:
4100	Outlays from new mandatory authority	43	82
4180	Budget authority, net (total)	43	82
4190	Outlays, net (total)	43	82

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


Identification code 20–0132–0–1–376		2013 actual	2014 est.	2015 est.

	Direct loan subsidy outlays:
134002	Term-Asset Backed Securities Loan Facility (TALF)	–55

134999	Total subsidy outlays	–55
	Direct loan upward reestimates:
135003	Small Business Lending Initiative—7(a) purchases	1
135004	Legacy Securities Public-Private Investment Program	42	82

135999	Total upward reestimate budget authority	43	82
	Direct loan downward reestimates:
137001	Automotive Industry Financing Program	–3,036	–1,813
137002	Term-Asset Backed Securities Loan Facility (TALF)	–109	–14
137003	Small Business Lending Initiative—7(a) purchases	–2
137004	Legacy Securities Public-Private Investment Program	–192	–86

137999	Total downward reestimate budget authority	–3,339	–1,913
	Guaranteed loan subsidy outlays:
234001	Asset Guarantee Program	–94

234999	Total subsidy outlays	–94
	Guaranteed loan downward reestimates:
237001	Asset Guarantee Program	–233

237999	Total downward reestimate subsidy budget authority	–233

As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with the TARP direct loans obligated and loan guarantees (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA. The direct loan programs serviced by this account include the Automotive Industry Financing Program (AIFP), Term-Asset Backed Securities Loan Facility (TALF), Public-Private Investment Program (PPIP) and the Small Business Lending Initiative (SBLI). The AIFP was developed to prevent a significant disruption to the American automotive industry, which would have resulted in widespread damage to the U.S. economy. The TALF was developed to stimulate investor demand for certain types of eligible asset-backed securities, specifically those backed by loans to consumers and small businesses, and ultimately, bring down the cost and increase the availability of new credit to consumers and businesses. The PPIP was developed to improve the condition of financial institutions by facilitating the removal of legacy assets from their balance sheets. The SBLI was developed to provide additional liquidity to the Small Business Administration's 7(a) market so that banks are able to make more small business loans. The guaranteed loan commitments that were serviced by this account include the Asset Guarantee Program (AGP). The AGP provided guarantees for assets held by systemically significant financial institutions (Bank of America and Citigroup) that faced a risk of losing market confidence due in large part to a portfolio of distressed or illiquid assets.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203), enacted on July 21, 2010, reduced TARP authority to purchase troubled assets from $700 billion to $475 billion; required that repayments of amounts invested under TARP cannot be used to increase purchase authority and are dedicated to reducing the Federal debt; and prohibited new obligations for any program or initiative that had not been initiated by June 25, 2010.

The authority to make new financial commitments via the TARP expired on October 3, 2010 under the terms of EESA. However, Treasury can continue to execute commitments entered into before October 3, 2010. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.


Identification code 20–4277–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	320	986	169
0739	Disposition Fees	6
0741	Modification savings	55
0742	Downward reestimate paid to receipt account	1,862	818
0743	Interest on downward reestimates	1,477	1,094

0900	Total new obligations	3,720	2,898	169

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,377	908	1
1021	Recoveries of prior year unpaid obligations	4,650	4
1023	Unobligated balances applied to repay debt	–3,359	–908
1024	Unobligated balance of borrowing authority withdrawn	–2,611

1050	Unobligated balance (total)	57	4	1
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority		1,826

1440	Borrowing authority, mandatory (total)		1,826
	Spending authority from offsetting collections, mandatory:
1800	Offsetting collections	18,514	4,930	998
1801	Change in uncollected payments, Federal sources	–43
1825	Spending authority from offsetting collections applied to repay debt	–13,900	–3,861	–830

1850	Spending auth from offsetting collections, mand (total)	4,571	1,069	168
1900	Financing authority (total)	4,571	2,895	168
1930	Total budgetary resources available	4,628	2,899	169
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	908	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	4,650	4	196
3010	Obligations incurred, unexpired accounts	3,720	2,898	169
3020	Financing disbursements (gross)	–3,716	–2,702	–8
3040	Recoveries of prior year unpaid obligations, unexpired	–4,650	–4

3050	Unpaid obligations, end of year	4	196	357
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–43
3070	Change in uncollected pymts, Fed sources, unexpired	43
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	4,607	4	196
3200	Obligated balance, end of year	4	196	357

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	4,571	2,895	168
	Financing disbursements:
4110	Financing disbursements, gross	3,716	2,702	8
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–43	–82
4122	Interest on uninvested funds	–70	–422	–86
4123	Principal	–5,807	–827
4123	Interest	–32
4123	Warrants	–570	–68	–33
4123	Sale of Stock	–11,992	–3,531	–879

4130	Offsets against gross financing auth and disbursements (total)	–18,514	–4,930	–998
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	43

4160	Financing authority, net (mandatory)	–13,900	–2,035	–830
4170	Financing disbursements, net (mandatory)	–14,798	–2,228	–990
4180	Financing authority, net (total)	–13,900	–2,035	–830
4190	Financing disbursements, net (total)	–14,798	–2,228	–990


Identification code 20–4277–0–3–376		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	6,634	827
1251	Repayments: Repayments and prepayments	–5,807	–827

1290	Outstanding, end of year	827

As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 direct loans obligated in 2008 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. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.


Identification code 20–4277–0–3–376		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	3,372	911
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	22,653	5,301
1401	Direct loans receivable, gross	6,634	827
1405	Allowance for subsidy cost (-)	–7,115	1,109
1405	Allowance for subsidy cost (-)	–4,252	–2,346

1499	Net present value of assets related to direct loans	17,920	4,891

1999	Total assets	21,292	5,802
	LIABILITIES:
	Federal liabilities:
2104	Resources payable to Treasury	21,292	4,034
2105	Other		1,768

2999	Total upward reestimate subsidy BA [20–0132]	21,292	5,802

4999	Total liabilities and net position	21,292	5,802


Identification code 20–4276–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	11
0741	Modification savings	94
0742	Downward reestimate paid to receipt account	187
0743	Interest on downward reestimates	46

0900	Total new obligations	338

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2
1023	Unobligated balances applied to repay debt	–2
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,096
1825	Spending authority from offsetting collections applied to repay debt	–758

1850	Spending auth from offsetting collections, mand (total)	338
1900	Financing authority (total)	338
1930	Total budgetary resources available	338

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	338
3020	Financing disbursements (gross)	–338

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	338
	Financing disbursements:
4110	Financing disbursements, gross	338
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4122	Interest on uninvested funds	–3
4123	Dividends	–1,093

4130	Offsets against gross financing auth and disbursements (total)	–1,096

4160	Financing authority, net (mandatory)	–758
4170	Financing disbursements, net (mandatory)	–758
4180	Financing authority, net (total)	–758
4190	Financing disbursements, net (total)	–758

As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 committed in 2008 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives Volume.


Identification code 20–4276–0–3–376		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	60
1201	Non-Federal assets: Investments in non-Federal securities, net	773

1999	Total assets	833
	LIABILITIES:
2103	Federal liabilities: Debt	833

4999	Total liabilities and net position	833


Identification code 20–0134–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	339
0706	Interest on reestimates of direct loan subsidy	101

0900	Total new obligations (object class 41.0)	440

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	440

1260	Appropriations, mandatory (total)	440
1930	Total budgetary resources available	440

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	306	226
3010	Obligations incurred, unexpired accounts	440
3020	Outlays (gross)	–440
3041	Recoveries of prior year unpaid obligations, expired	–80	–226

3050	Unpaid obligations, end of year	226
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	306	226
3200	Obligated balance, end of year	226

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	440
	Outlays, gross:
4100	Outlays from new mandatory authority	440
4180	Budget authority, net (total)	440
4190	Outlays, net (total)	440

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


Identification code 20–0134–0–1–376		2013 actual	2014 est.	2015 est.

	Direct loan upward reestimates:
135005	Legacy Securities Public-Private Investment Program	440

135999	Total upward reestimate budget authority	440
	Direct loan downward reestimates:
137001	Capital Purchase Program	–1,846	–994
137002	AIG Investments	–7,169
137004	Automotive Industry Financing Program (Equity)	–468	–4,755
137005	Legacy Securities Public-Private Investment Program		–542
137006	Community Development Capital Initiative	–13	–26

137999	Total downward reestimate budget authority	–9,496	–6,317

As authorized by the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 110–343) and required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with TARP equity purchase obligations (including modifications of equity purchases that resulted from obligations in any year). The subsidy amounts are estimated on a present value basis using a risk-adjusted discount rate, as required by EESA. The equity purchase programs serviced by this account include the American International Group Investment Program (AIGP), Targeted Investment Program (TIP), Automotive Industry Financing Program (AIFP), Public-Private Investment Program (PPIP), Community Development Capital Initiative (CDCI), and the Capital Purchase Program (CPP). The AIGP was intended to provide stability and prevent disruptions to financial markets from the failure of a systemically significant institution. The TIP was developed to prevent a loss of confidence in critical financial institutions, which could have resulted in significant financial market disruptions, threatened the financial strength of similarly situated financial institutions, impaired broader financial markets, and undermined the overall economy. The AIFP was developed to prevent a significant disruption to the American automotive industry, which would have resulted in widespread damage to the U.S. economy. The PPIP was developed to improve the condition of financial institutions by facilitating the removal of legacy assets from their balance sheets. The CDCI was designed to increase lending to small businesses in the country's hardest-hit communities by investing lower-cost capital in Community Development Financial Institutions. The purpose of the CPP was to stabilize the financial system by building the capital base of healthy, viable U.S. financial institutions, which in turn would increase the capacity of those institutions to lend to businesses and consumers and support the economy.


Identification code 20–4278–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	525	1,575	510
0739	Disposition Fees	20	8
0742	Downward reestimate paid to receipt account	8,129	3,399
0743	Interest on downward reestimates	1,367	2,918

0900	Total new obligations	10,041	7,900	510

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	16,241	538
1021	Recoveries of prior year unpaid obligations	291	989
1023	Unobligated balances applied to repay debt	–14,377	–1,527

1050	Unobligated balance (total)	2,155
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	208	1,771

1440	Borrowing authority, mandatory (total)	208	1,771
	Spending authority from offsetting collections, mandatory:
1800	Collected	16,988	9,445	4,574
1801	Change in uncollected payments, Federal sources	–80	–226
1825	Spending authority from offsetting collections applied to repay debt	–8,692	–3,090	–4,064

1850	Spending auth from offsetting collections, mand (total)	8,216	6,129	510
1900	Financing authority (total)	8,424	7,900	510
1930	Total budgetary resources available	10,579	7,900	510
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	538

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1,276	989
3010	Obligations incurred, unexpired accounts	10,041	7,900	510
3020	Financing disbursements (gross)	–10,037	–7,900	–510
3040	Recoveries of prior year unpaid obligations, unexpired	–291	–989

3050	Unpaid obligations, end of year	989
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–306	–226
3070	Change in uncollected pymts, Fed sources, unexpired	80	226

3090	Uncollected pymts, Fed sources, end of year	–226
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	970	763
3200	Obligated balance, end of year	763

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	8,424	7,900	510
	Financing disbursements:
4110	Financing disbursements, gross	10,037	7,900	510
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–440
4122	Interest on uninvested funds	–162	–114	–398
4123	Dividends	–1,061	–243	–106
4123	Warrants	–1,387	–570	–54
4123	Redemption	–13,938	–8,518	–4,016

4130	Offsets against gross financing auth and disbursements (total)	–16,988	–9,445	–4,574
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	80	226

4160	Financing authority, net (mandatory)	–8,484	–1,319	–4,064
4170	Financing disbursements, net (mandatory)	–6,951	–1,545	–4,064
4180	Financing authority, net (total)	–8,484	–1,319	–4,064
4190	Financing disbursements, net (total)	–6,951	–1,545	–4,064


Identification code 20–4278–0–3–376		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	33,786	17,368	5,638
1251	Repayments: Repayments and prepayments	–13,938	–8,518	–4,016
1263	Write-offs for default: Direct loans	–2,480	–3,212	–590

1290	Outstanding, end of year	17,368	5,638	1,032

As authorized by the Emergency Economic Stabilization Act of 2008 (P.L. 110–343) and 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 equity purchases obligated in 2008 and beyond (including modifications of equity purchases 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. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.


Identification code 20–4278–0–3–376		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	17,212	1,302
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	33,786	17,368
1405	Allowance for subsidy cost (-)		–4,240
1405	Allowance for subsidy cost (-)	–20,221	–149

1499	Net present value of assets related to direct loans	13,565	12,979

1999	Total assets	30,777	14,281
	LIABILITIES:
	Federal liabilities:
2103	Debt	30,776	14,280
2105	Other	1	1

2999	Total liabilities	30,777	14,281

4999	Total liabilities and net position	30,777	14,281


Identification code 20–0136–0–1–604		2013 actual	2014 est.	2015 est.

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	40,035	28,996	23,822
3020	Outlays (gross)	–3,943	–5,174	–6,174
3041	Recoveries of prior year unpaid obligations, expired	–7,096		–936

3050	Unpaid obligations, end of year	28,996	23,822	16,712
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	40,035	28,996	23,822
3200	Obligated balance, end of year	28,996	23,822	16,712

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	3,943	5,174	6,174
4190	Outlays, net (total)	3,943	5,174	6,174

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


Identification code 20–0136–0–1–604		2013 actual	2014 est.	2015 est.

	Guaranteed loan levels supportable by subsidy budget authority:
215001	FHA Refi Letter of Credit	183

215999	Total loan guarantee levels	183
	Guaranteed loan subsidy (in percent):
232001	FHA Refi Letter of Credit	2.48	0.00	0.00

232999	Weighted average subsidy rate	2.48	0.00	0.00
	Guaranteed loan subsidy budget authority:
233001	FHA Refi Letter of Credit	5

233999	Total subsidy budget authority	5
	Guaranteed loan subsidy outlays:
234001	FHA Refi Letter of Credit	5

234999	Total subsidy outlays	5
	Guaranteed loan downward reestimates:
237001	FHA Refi Letter of Credit		–2

237999	Total downward reestimate subsidy budget authority		–2

The Making Home Affordable (MHA) Program was launched in March 2009 under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). On May 30, 2013, the Administration extended the application deadline for MHA programs to December 31, 2015. The centerpiece of MHA is its first lien modification program, the Home Affordable Modification Program (HAMP), which offers affordable and sustainable mortgage modifications to responsible homeowners at risk of losing their homes to foreclosure. Other MHA programs provide temporary mortgage payment relief to unemployed borrowers; increase affordability by modifying second mortgages when a corresponding first mortgage is modified under HAMP; assist borrowers whose loans are highly overleveraged by encouraging servicers to reduce principal; and for borrowers who are unable to retain homeownership, provide a dignified transition to more affordable housing through a short sale or deed-in-lieu of foreclosure. To date, more than 2.1 million borrowers have been offered trial modifications under MHA, and nearly 1.3 million homeowners have had their mortgage payments permanently reduced by over $500 per month. Additionally, state Housing Finance Agencies in eighteen States and the District of Columbia that have been most heavily impacted by the housing crisis, have been allocated a total of $7.6 billion under EESA to initiate locally-tailored foreclosure prevention programs, including mortgage payment assistance for unemployed borrowers and principal reduction of overleveraged loans. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that allows overleveraged homeowners to refinance into a new FHA-insured loan if their existing mortgage holders agree to a short refinance and to write down principal. For 2015, no costs are ascribed to new FHA guarantees made under this program due to sufficient estimated fees charged by FHA to cover expected losses. For more details, please see the Financial Stabilization Efforts and Their Budgetary Effects chapter in the Analytical Perspectives volume.


Identification code 20–4329–0–3–371		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0711	Default claim payments on principal		2	2
0713	Payment of interest to Treasury	1		1
0742	Downward reestimate paid to receipt account		2

0900	Total new obligations	1	4	3

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	10	14	10
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	5

1850	Spending auth from offsetting collections, mand (total)	5
1930	Total budgetary resources available	15	14	10
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	14	10	7

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			2
3010	Obligations incurred, unexpired accounts	1	4	3
3020	Financing disbursements (gross)	–1	–2	–3

3050	Unpaid obligations, end of year		2	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year			2
3200	Obligated balance, end of year		2	2

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	5
	Financing disbursements:
4110	Financing disbursements, gross	1	2	3
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–5
4190	Financing disbursements, net (total)	–4	2	3


Identification code 20–4329–0–3–371		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on commitments:
2131	Guaranteed loan commitments exempt from limitation	183

2150	Total guaranteed loan commitments	183

	Cumulative balance of guaranteed loans outstanding:
2210	Outstanding, start of year	307	489	461
2231	Disbursements of new guaranteed loans	183
2251	Repayments and prepayments		–26	–23
2263	Adjustments: Terminations for default that result in claim payments	–1	–2	–2

2290	Outstanding, end of year	489	461	436

	Memorandum:
2299	Guaranteed amount of guaranteed loans outstanding, end of year		57	55


Identification code 20–4329–0–3–371		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	11	11

1999	Total assets	11	11
	LIABILITIES:
2204	Non-Federal liabilities: Liabilities for loan guarantees	11	11

4999	Total liabilities and net position	11	11

For necessary expenses of the Office of the Special Inspector General in carrying out the provisions of the Emergency Economic Stabilization Act of 2008 (Public Law 110–343), [$34,923,000] $34,234,000. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0133–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	41	43	46

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	34	33	25
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	42	35	34

1160	Appropriation, discretionary (total)	42	35	34
1900	Budget authority (total)	42	35	34
1930	Total budgetary resources available	76	68	59
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–2
1941	Unexpired unobligated balance, end of year	33	25	13

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	10	11	9
3010	Obligations incurred, unexpired accounts	41	43	46
3020	Outlays (gross)	–40	–45	–46

3050	Unpaid obligations, end of year	11	9	9
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	10	11	9
3200	Obligated balance, end of year	11	9	9

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	42	35	34
	Outlays, gross:
4010	Outlays from new discretionary authority	34	28	27
4011	Outlays from discretionary balances	4	8	7

4020	Outlays, gross (total)	38	36	34
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	2	9	12
4180	Budget authority, net (total)	42	35	34
4190	Outlays, net (total)	40	45	46

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) was established by Section 121 of the Emergency Economic Stabilization Act of 2008 (EESA). SIGTARP is the only agency solely charged with the mission of transparency, oversight, and robust enforcement related to the taxpayer's investments to stabilize financial markets through EESA. In order to fulfill its mission, SIGTARP investigates fraud, waste, and abuse related to the Troubled Asset Relief Program (TARP), thereby being a voice for, and protecting the interests of taxpayers.

In 2015, SIGTARP will continue to design and conduct programmatic audits of TARP operations, as well as recipients' compliance with their obligations under relevant law and contract. SIGTARP will also continue to conduct and supervise criminal and civil investigations into any parties suspected of TARP-related fraud, waste, or abuse.

SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA, in addition to $15 million directed supplemental funding from the Helping Families Save Their Homes Act of 2009 (P.L. 111–22). Beginning in 2010, SIGTARP has received annual appropriations to fund its operations.


Identification code 20–0133–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	20	20	23
11.5	Other personnel compensation	2	2	2

11.9	Total personnel compensation	22	22	25
12.1	Civilian personnel benefits	6	6	7
21.0	Travel and transportation of persons	1	1	1
25.1	Advisory and assistance services	4	3	3
25.2	Other services from non-Federal sources		1	1
25.3	Other goods and services from Federal sources	8	10	9

99.9	Total new obligations	41	43	46


Identification code 20–0133–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	168	192	192


Identification code 20–0141–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	32	25
0706	Interest on reestimates of direct loan subsidy	1	2
0709	Administrative expenses	19	20	17

0900	Total new obligations	52	47	17

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			7
1021	Recoveries of prior year unpaid obligations		8

1050	Unobligated balance (total)		8	7
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	53	47	17
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1	–1

1260	Appropriations, mandatory (total)	52	46	17
1930	Total budgetary resources available	52	54	24
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		7	7

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	17	19	7
3010	Obligations incurred, unexpired accounts	52	47	17
3020	Outlays (gross)	–50	–51	–22
3040	Recoveries of prior year unpaid obligations, unexpired		–8

3050	Unpaid obligations, end of year	19	7	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	17	19	7
3200	Obligated balance, end of year	19	7	2

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	52	46	17
	Outlays, gross:
4100	Outlays from new mandatory authority	47	46	14
4101	Outlays from mandatory balances	3	5	8

4110	Outlays, gross (total)	50	51	22
4180	Budget authority, net (total)	52	46	17
4190	Outlays, net (total)	50	51	22

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


Identification code 20–0141–0–1–376		2013 actual	2014 est.	2015 est.

	Direct loan upward reestimates:
135001	Small Business Lending Fund Investments	34	27

135999	Total upward reestimate budget authority	34	27
	Direct loan downward reestimates:

	Administrative expense data:
3510	Budget authority	25	20	17
3580	Outlays from balances	3	3	4
3590	Outlays from new authority	13	15	10

Enacted into law as part of the Small Business Jobs Act of 2010 (P.L. 111–240), the Small Business Lending Fund (SBLF) is a dedicated investment fund that encourages lending to small businesses by providing capital to qualified community banks and community development loan funds (CDLFs) with assets of less than $10 billion. Through the SBLF, participating Main Street lenders and small businesses can work together to help create jobs and promote economic growth in local communities across the Nation.

In total, the SBLF provided $4.03 billion to 332 community banks and CDLFs in 2011. Since these institutions leverage their capital, the SBLF could help increase lending to small businesses in an amount that is multiples of the total capital provided.

The account totals also include the costs of administering the program, estimated at $17 million for 2015.


Identification code 20–0141–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	3	2	2
12.1	Civilian personnel benefits	1	1	1
25.1	Advisory and assistance services	2	2	2
25.2	Other services from non-Federal sources	11	12	9
25.3	Other goods and services from Federal sources	2	3	3
41.0	Grants, subsidies, and contributions	32	25
43.0	Interest and dividends	1	2

99.9	Total new obligations	52	47	17


Identification code 20–0141–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	24	19	19


Identification code 20–4349–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	82	76	76

0900	Total new obligations	82	76	76

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	78	73	100
1023	Unobligated balances applied to repay debt	–78

1050	Unobligated balance (total)		73	100
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	477	484	457
1825	Spending authority from offsetting collections applied to repay debt	–322	–381	–381

1850	Spending auth from offsetting collections, mand (total)	155	103	76
1900	Financing authority (total)	155	103	76
1930	Total budgetary resources available	155	176	176
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	73	100	100

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	82	76	76
3020	Financing disbursements (gross)	–82	–76	–76

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	155	103	76
	Financing disbursements:
4110	Financing disbursements, gross	82	76	76
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources - Upward Reestimates	–33	–27
4122	Interest on uninvested funds	–4	–1	–1
4123	Non-Federal sources - Principal	–347	–387	–387
4123	Non-Federal sources - Dividends	–93	–69	–69

4130	Offsets against gross financing auth and disbursements (total)	–477	–484	–457

4160	Financing authority, net (mandatory)	–322	–381	–381
4170	Financing disbursements, net (mandatory)	–395	–408	–381
4180	Financing authority, net (total)	–322	–381	–381
4190	Financing disbursements, net (total)	–395	–408	–381


Identification code 20–4349–0–3–376		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	3,980	3,633	3,233
1251	Repayments: Repayments and prepayments	–347	–387	–387
1263	Write-offs for default: Direct loans		–13	–13

1290	Outstanding, end of year	3,633	3,233	2,833

As authorized by the Small Business Jobs Act of 2010 (P.L. 111–240) and 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 SBLF obligations. The amounts in this account are a means of financing and are not included in the budget totals.


Identification code 20–4349–0–3–376		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	78	73
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	3,980	3,633
1405	Allowance for subsidy cost (-)	54	6

1499	Net present value of assets related to direct loans	4,034	3,639

1999	Total assets	4,112	3,712
	LIABILITIES:
2103	Federal liabilities: Debt	4,112	3,712

4999	Total liabilities and net position	4,112	3,712


Identification code 20–0142–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Administrative Costs	7	8	7
0002	SSBCI program activity	13

0900	Total new obligations	20	8	7

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	43	26	21
1021	Recoveries of prior year unpaid obligations	2	3

1050	Unobligated balance (total)	45	29	21
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1

1850	Spending auth from offsetting collections, mand (total)	1
1900	Budget authority (total)	1
1930	Total budgetary resources available	46	29	21
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	26	21	14

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	920	557	165
3010	Obligations incurred, unexpired accounts	20	8	7
3020	Outlays (gross)	–381	–397	–147
3040	Recoveries of prior year unpaid obligations, unexpired	–2	–3

3050	Unpaid obligations, end of year	557	165	25
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	920	557	165
3200	Obligated balance, end of year	557	165	25

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1
	Outlays, gross:
4101	Outlays from mandatory balances	381	397	147
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–1
4190	Outlays, net (total)	380	397	147


		2013 actual	2014 est.	2015 est.

Enacted/requested:
	Outlays	380	397	147
Legislative proposal, subject to PAYGO:
	Budget Authority		1,500
	Outlays			277
Total:
	Budget Authority		1,500
	Outlays	380	397	424

The Small Business Jobs Act of 2010 (P.L. 111–240) created the State Small Business Credit Initiative (SSBCI), which was funded with $1.5 billion, inclusive of administrative costs, to strengthen State programs that support lending to small businesses and small manufacturers. Under the SSBCI, participating States have access to Federal funds for programs that leverage private lending and investing to help finance small businesses and manufacturers that are creditworthy, but are having difficulty securing the loans or investments they need to expand and create jobs. The SSBCI has allowed States to build on successful models for State small business programs, including collateral support programs, capital access programs (CAPs), and loan guarantee programs. Existing and new state programs are eligible for support under the SSBCI. The first round of funding is already having an impact, with the first $271 million in program expenditures supporting lending and investments of $1.9 billion to more than 4,600 small businesses across the country—creating or saving more than 53,000 American jobs. The $1.5 billion original investment is expected to result in up to $15 billion in new lending to small businesses in participating States.

The President's Budget proposes a new authorization of $1.5 billion for SSBCI to build on the momentum of the program's first round and strengthen the Federal government's relationships with state economic development agencies, which are highly responsive to capital needs in local markets. This additional $1.5 billion would be awarded in two allocations: $1 billion awarded on a competitive basis to states best able to target underserved groups, leverage Federal funding, and evaluate results and $500 million awarded according to a need-based formula based on economic factors such as job losses and pace of economic recovery.


Identification code 20–0142–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	2	2
12.1	Civilian personnel benefits	1
25.1	Advisory and assistance services	2	3	2
25.3	Other goods and services from Federal sources	3	3	3
41.0	Grants, subsidies, and contributions	13

99.9	Total new obligations	20	8	7


Identification code 20–0142–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	11	12	11


Identification code 20–0142–4–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Administrative Costs			3
0002	SSBCI program activity			471

0900	Total new obligations			474

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			1,500
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		1,500

1260	Appropriations, mandatory (total)		1,500
1900	Budget authority (total)		1,500
1930	Total budgetary resources available		1,500	1,500
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		1,500	1,026

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts			474
3020	Outlays (gross)			–277

3050	Unpaid obligations, end of year			197
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			197

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		1,500
	Outlays, gross:
4101	Outlays from mandatory balances			277
4180	Budget authority, net (total)		1,500
4190	Outlays, net (total)			277


Identification code 20–0142–4–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			1
25.1	Advisory and assistance services			2
41.0	Grants, subsidies, and contributions			471

99.9	Total new obligations			474


Identification code 20–0142–4–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment			5


Identification code 20–0125–0–1–371		2013 actual	2014 est.	2015 est.

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	212,515	258,050	258,050
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	45,535

1260	Appropriations, mandatory (total)	45,535
1930	Total budgetary resources available	258,050	258,050	258,050
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	258,050	258,050	258,050

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	45,535
4180	Budget authority, net (total)	45,535

In 2008, under temporary authority granted by Section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289), Treasury entered into agreements with Fannie Mae and Freddie Mac (the "GSEs") to purchase senior preferred stock of each GSE and to transfer up to $100 billion in funds when needed to ensure that each company maintains a positive net worth. In May 2009, Treasury increased the Senior Preferred Stock Purchase Agreement (PSPA) funding commitment caps to $200 billion for each GSE, and in December 2009 Treasury modified the funding commitment caps in the PSPAs to be the greater of $200 billion or $200 billion plus cumulative net worth deficits experienced during 2010–2012, less any surplus remaining as of December 31, 2012. Based on the financial results reported by each GSE as of December 31, 2012, and under the terms of the PSPAs, the cumulative funding commitment cap for Fannie Mae and Freddie Mac was set at $445.5 billion. Treasury's authority to purchase obligations or other securities of the GSEs or to increase the funding commitment expired on December 31, 2009. Under the PSPAs, Treasury has maintained the solvency of the GSEs by providing $187.5 billion of investment to the GSEs. The PSPAs also require the GSEs to pay dividends to Treasury that are recorded as offsetting receipts and are not reflected in this expenditure account. Through December 31, 2013, the GSEs have paid $185.2 billion in dividend payments to Treasury on the senior preferred stock.


Identification code 20–0126–0–1–371		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0010	Financial Agent Services	7	8	9
	Credit program obligations:
0703	Subsidy for modifications of direct loans	47
0705	Reestimates of direct loan subsidy	432
0706	Interest on reestimates of direct loan subsidy	105

0791	Direct program activities, subtotal	584

0900	Total new obligations	591	8	9

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	583
1221	Appropriations transferred from other accts [20–1802]	11	9	9
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–1

1260	Appropriations, mandatory (total)	594	8	9
1900	Budget authority (total)	594	8	9
1930	Total budgetary resources available	594	8	9
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	10	56	3
3010	Obligations incurred, unexpired accounts	591	8	9
3020	Outlays (gross)	–545	–61	–9

3050	Unpaid obligations, end of year	56	3	3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	10	56	3
3200	Obligated balance, end of year	56	3	3

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	594	8	9
	Outlays, gross:
4100	Outlays from new mandatory authority	543	8	9
4101	Outlays from mandatory balances	2	53

4110	Outlays, gross (total)	545	61	9
4180	Budget authority, net (total)	594	8	9
4190	Outlays, net (total)	545	61	9

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


Identification code 20–0126–0–1–371		2013 actual	2014 est.	2015 est.

	Direct loan upward reestimates:
135001	GSE MBS Purchases	55
135002	New Issue Bond Program SF	461
135003	New Issue Bond Program MF	21

135999	Total upward reestimate budget authority	537
	Direct loan downward reestimates:
137001	GSE MBS Purchases	–760
137002	New Issue Bond Program SF		–56
137003	New Issue Bond Program MF		–17

137999	Total downward reestimate budget authority	–760	–73

In September 2008, Treasury initiated a temporary program to purchase mortgage-backed securities (MBS) issued by Fannie Mae and Freddie Mac, which carry the GSEs' standard guarantee against default. The purpose of the program was to promote liquidity in the mortgage market and, thereby, affordable homeownership by stabilizing the interest rate spreads between mortgage rates and Treasury issuances. Treasury purchased $226 billion in MBS through December 31, 2009. In March of 2011, Treasury announced that it would begin selling off up to $10 billion of its MBS holdings per month, subject to market conditions. Treasury completed the orderly disposition of its MBS portfolio on March 19, 2012.

Beginning in December 2009, Treasury implemented two additional programs as part of the Housing Finance Agencies Initiative to support State and local housing financing agencies (HFAs). Treasury purchased a participation interest in the Fannie Mae and Freddie Mac Temporary Credit and Liquidity Facilities to establish the Temporary Credit and Liquidity Program (TCLP), which provides HFAs with credit and liquidity facilities supporting up to $8.2 billion in existing HFA bonds, and temporarily replaces private market facilities that were expiring or imposing unusually high costs to the HFAs due to market conditions. The TCLP was originally to remain open to the end of calendar year 2012, but due to continued strain on the market for HFA liquidity facilities, Treasury granted an extension to the end of the calendar year 2015 for six HFAs.

Under the New Issuance Bond Program (NIBP) Treasury purchased $15.3 billion in securities of Fannie Mae and Freddie Mac backed by new HFA housing bonds, supporting over 135,000 of new mortgages and 40,000 rental housing units for working families. The original deadline for HFAs to use NIBP funds was December 31, 2010, but Treasury granted two one-year extensions until the end of 2012. The authority for all of the programs displayed in this account was provided in Section 1117 of the Housing and Economic Recovery Act of 2008 (P.L. 110–289). As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with the GSE MBS purchase and State HFA programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.


Identification code 20–0126–0–1–371		2013 actual	2014 est.	2015 est.

	Direct obligations:
25.1	Advisory and assistance services	7	8	9
41.0	Grants, subsidies, and contributions	584

99.9	Total new obligations	591	8	9


Identification code 20–4272–0–3–371		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0742	Downward reestimate paid to receipt account	752
0743	Interest on downward reestimates	8

0900	Total new obligations	760

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	705
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	55

1850	Spending auth from offsetting collections, mand (total)	55
1900	Financing authority (total)	55
1930	Total budgetary resources available	760

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	760
3020	Financing disbursements (gross)	–760

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	55
	Financing disbursements:
4110	Financing disbursements, gross	760
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources Upward Reestimate (Interest)	–55
4190	Financing disbursements, net (total)	705

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 GSE MBS Purchase Program purchases. The amounts in the account are a means of financing and are not included in the budget totals. The MBS Purchase Program is now closed and all activity in this account has ceased as of September 30, 2013.


Identification code 20–4272–0–3–371		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	705	705

1999	Total assets	705	705
	LIABILITIES:
2105	Federal liabilities: Other Liabilities without Related Budgetary Obligations	705	705

2999	Total liabilities	705	705

4999	Total liabilities and net position	705	705


Identification code 20–4298–0–3–371		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	431	329	307
0742	Downward reestimate paid to receipt account		63
0743	Interest on downward reestimates		10

0900	Total new obligations	431	402	307

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	377	431
1021	Recoveries of prior year unpaid obligations	2,135
1023	Unobligated balances applied to repay debt	–485	–431
1024	Unobligated balance of borrowing authority withdrawn	–1,991

1050	Unobligated balance (total)	36
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	5,229	934	910
1801	Change in uncollected payments, Federal sources	47
1825	Spending authority from offsetting collections applied to repay debt	–4,450	–532	–603

1850	Spending auth from offsetting collections, mand (total)	826	402	307
1900	Financing authority (total)	826	402	307
1930	Total budgetary resources available	862	402	307
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	431

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	4,421	2,286	2,286
3010	Obligations incurred, unexpired accounts	431	402	307
3020	Financing disbursements (gross)	–431	–402	–307
3040	Recoveries of prior year unpaid obligations, unexpired	–2,135

3050	Unpaid obligations, end of year	2,286	2,286	2,286
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–6	–53	–53
3070	Change in uncollected pymts, Fed sources, unexpired	–47

3090	Uncollected pymts, Fed sources, end of year	–53	–53	–53
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	4,415	2,233	2,233
3200	Obligated balance, end of year	2,233	2,233	2,233

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	826	402	307
	Financing disbursements:
4110	Financing disbursements, gross	431	402	307
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–482
4122	Interest on uninvested funds	–36	–20	–20
4123	Non-Federal sources - Interest	–335	–254	–237
4123	Non-Federal sources - Principal	–4,349	–646	–644
4123	Non-Federal sources - Other	–27	–14	–9

4130	Offsets against gross financing auth and disbursements (total)	–5,229	–934	–910
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	–47

4160	Financing authority, net (mandatory)	–4,450	–532	–603
4170	Financing disbursements, net (mandatory)	–4,798	–532	–603
4180	Financing authority, net (total)	–4,450	–532	–603
4190	Financing disbursements, net (total)	–4,798	–532	–603


Identification code 20–4298–0–3–371		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	13,683	9,335	8,689
1231	Disbursements: Direct loan disbursements
1251	Repayments: Repayments and prepayments	–4,348	–646	–644

1290	Outstanding, end of year	9,335	8,689	8,045

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 the Treasury state HFA programs. The amounts in the account are a means of financing and are not included in the budget totals.


Identification code 20–4298–0–3–371		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	658	520
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	13,683	9,335
1405	Allowance for subsidy cost (-)	–539	–916

1499	Net present value of assets related to direct loans	13,144	8,419

1999	Total assets	13,802	8,939
	LIABILITIES:
2103	Federal liabilities: Debt	13,802	8,939

4999	Total liabilities and net position	13,802	8,939

Trust Funds


Identification code 20–8790–0–7–803		2013 actual	2014 est.	2015 est.

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	1	1
1930	Total budgetary resources available	1	1	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	1	1

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	1	1	1
5001	Total investments, EOY: Federal securities: Par value	1	1	1

This account was established pursuant to 31 U.S.C. 321 to receive gifts and bequests to the Department. These funds support the restoration of the Treasury building and historical collection of art, furniture, and artifacts owned by the Department. Recent Treasury building gifts have funded the restoration of the trompe l'oeil wall decoration, the Cash Room ceiling, the monumental West Dome, and the West Lobby finishes and chandelier. The fund is also used as an endowment for Treasury's restored rooms.

Federal Funds

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; services authorized by 5 U.S.C. 3109; not to exceed $14,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, [$112,000,000] $108,661,000, of which not to exceed $34,335,000 shall remain available until September 30, [2016] 2017. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0173–0–1–751		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	BSA administration and Analysis	97	112	109
0801	Reimbursable program	1	3	3

0900	Total new obligations	98	115	112

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	32	40	40
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	111	112	109
1130	Appropriations permanently reduced	–6

1160	Appropriation, discretionary (total)	105	112	109
	Spending authority from offsetting collections, discretionary:
1700	Collected		3	3
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	2	3	3
1900	Budget authority (total)	107	115	112
1930	Total budgetary resources available	139	155	152
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	40	40	40

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	35	23	23
3010	Obligations incurred, unexpired accounts	98	115	112
3011	Obligations incurred, expired accounts	3
3020	Outlays (gross)	–109	–115	–113
3041	Recoveries of prior year unpaid obligations, expired	–4

3050	Unpaid obligations, end of year	23	23	22
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–7	–3	–3
3070	Change in uncollected pymts, Fed sources, unexpired	–2
3071	Change in uncollected pymts, Fed sources, expired	6

3090	Uncollected pymts, Fed sources, end of year	–3	–3	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	28	20	20
3200	Obligated balance, end of year	20	20	19

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	107	115	112
	Outlays, gross:
4010	Outlays from new discretionary authority	67	87	85
4011	Outlays from discretionary balances	42	28	28

4020	Outlays, gross (total)	109	115	113
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–6	–3	–3
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–2
4052	Offsetting collections credited to expired accounts	6

4060	Additional offsets against budget authority only (total)	4

4070	Budget authority, net (discretionary)	105	112	109
4080	Outlays, net (discretionary)	103	112	110
4180	Budget authority, net (total)	105	112	109
4190	Outlays, net (total)	103	112	110

The mission of FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. FinCEN carries out its mission by exercising regulatory functions under the Bank Secrecy Act; targeting examination and enforcement efforts in high risk areas; receiving and maintaining financial transaction data; analyzing and disseminating the data for law enforcement purposes; and serving as the financial intelligence unit of the United States, which involves building global cooperation with counterpart organizations in foreign countries and international groups.


Identification code 20–0173–0–1–751		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	34	40	41
12.1	Civilian personnel benefits	10	11	12
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	5	6	6
23.3	Communications, utilities, and miscellaneous charges	1	2	2
25.1	Advisory and assistance services	4	1	1
25.2	Other services from non-Federal sources	8	15	12
25.3	Other goods and services from Federal sources	9	8	8
25.4	Operation and maintenance of facilities	1	1	1
25.7	Operation and maintenance of equipment	18	18	18
26.0	Supplies and materials	1	1	1
31.0	Equipment	5	8	6

99.0	Direct obligations	97	112	109
99.0	Reimbursable obligations	1	3	3

99.9	Total new obligations	98	115	112


Identification code 20–0173–0–1–751		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	300	345	345
2001	Reimbursable civilian full-time equivalent employment	2	1	1

Federal Funds

For necessary expenses of operations of the Bureau of the Fiscal Service, [$360,165,000] $348,184,000; of which not to exceed $4,210,000, to remain available until September 30, [2016] 2017, is for information systems modernization initiatives; [of which $8,740,000 shall remain available until September 30, 2016 for expenses related to the consolidation of the Financial Management Service and the Bureau of the Public Debt;] and of which $5,000 shall be available for official reception and representation expenses.

In addition, $165,000, to be derived from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses for financial management of the Fund, as authorized by section 1012 of Public Law 101–380. (Department of the Treasury Appropriations Act, 2014.)


Identification code 20–0520–0–1–800		2013 actual	2014 est.	2015 est.

0100	Balance, start of year	3	9	34
	Receipts:
0220	Debt Collection, Non-federal Receipts	113	96	96
0240	Debt Collection, Federal Receipts		17	17

0299	Total receipts and collections	113	113	113

0400	Total: Balances and collections	116	122	147
	Appropriations:
0500	Salaries and Expenses	–113	–83	–105
0501	Salaries and Expenses		–6
0502	Salaries and Expenses	6	1

0599	Total appropriations	–107	–88	–105

0799	Balance, end of year	9	34	42


Identification code 20–0520–0–1–800		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Collections	23	22	24
0002	Debt Collection	95	88	105
0003	DoNOT Pay Business Center	8	5	5
0004	Government Agency Investment Services	16	14	13
0005	Government-wide Accounting and Reporting	84	65	65
0006	Payments	108	127	122
0007	Retail Securities Services	107	101	95
0008	Summary Debt Accounting	18	5	4
0009	Wholesale Securities Services	15	22	19

0799	Total direct obligations	474	449	452
0801	Reimbursable program activity	157	150	137

0900	Total new obligations	631	599	589

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	114	114	118
1001	Discretionary unobligated balance brought fwd, Oct 1		114
1012	Unobligated balance transfers between expired and unexpired accounts	1	3	3
1021	Recoveries of prior year unpaid obligations		2	2

1050	Unobligated balance (total)	115	119	123
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	391	360	348
1120	Appropriations transferred to other accts [20–0520]	–5	–5	–5
1121	Appropriations transferred from other accts [20–0520]	5	5	5
1130	Appropriations permanently reduced	–20

1160	Appropriation, discretionary (total)	371	360	348
	Appropriations, mandatory:
1201	Special Fund 20–5445	113	83	105
1203	Appropriation (previously unavailable)		6
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–6	–1

1260	Appropriations, mandatory (total)	107	88	105
	Spending authority from offsetting collections, discretionary:
1700	Collected	134	150	137
1701	Change in uncollected payments, Federal sources	23

1750	Spending auth from offsetting collections, disc (total)	157	150	137
1900	Budget authority (total)	635	598	590
1930	Total budgetary resources available	750	717	713
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–5
1941	Unexpired unobligated balance, end of year	114	118	124
	Special and non-revolving trust funds:
1951	Unobligated balance expiring	1	2	2
1952	Expired unobligated balance, start of year	6	4	4
1953	Expired unobligated balance, end of year	6	4	4
1955	Unobligated balances withdrawn and returned to general fund	2

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	109	135	143
3010	Obligations incurred, unexpired accounts	631	599	589
3011	Obligations incurred, expired accounts	5
3020	Outlays (gross)	–596	–589	–582
3040	Recoveries of prior year unpaid obligations, unexpired		–2	–2
3041	Recoveries of prior year unpaid obligations, expired	–14

3050	Unpaid obligations, end of year	135	143	148
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–25	–30	–30
3070	Change in uncollected pymts, Fed sources, unexpired	–23
3071	Change in uncollected pymts, Fed sources, expired	18

3090	Uncollected pymts, Fed sources, end of year	–30	–30	–30
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	84	105	113
3200	Obligated balance, end of year	105	113	118

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	528	510	485
	Outlays, gross:
4010	Outlays from new discretionary authority	447	421	400
4011	Outlays from discretionary balances	53	63	90

4020	Outlays, gross (total)	500	484	490
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Baseline Program [Text]	–149	–150	–137
4033	Baseline Program [Text]	–1

4040	Offsets against gross budget authority and outlays (total)	–150	–150	–137
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–23
4052	Offsetting collections credited to expired accounts	16

4060	Additional offsets against budget authority only (total)	–7

4070	Budget authority, net (discretionary)	371	360	348
4080	Outlays, net (discretionary)	350	334	353
	Mandatory:
4090	Budget authority, gross	107	88	105
	Outlays, gross:
4100	Outlays from new mandatory authority	5	5	6
4101	Outlays from mandatory balances	91	100	86

4110	Outlays, gross (total)	96	105	92
4180	Budget authority, net (total)	478	448	453
4190	Outlays, net (total)	446	439	445

	Memorandum (non-add) entries:
5092	Unavailable balance, SOY: Appropriations			6
5093	Unavailable balance, EOY: Appropriations			6

On October 7, 2012, the administrative operations provided under the Bureau of the Public Debt and the Financial Management Service were consolidated into the Bureau of the Fiscal Service (Fiscal Service). The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. Government through exceptional accounting, borrowing, collections, payments, and shared services. Fiscal Service plays a key role in strengthening the Department's leadership in financial management across the Federal Government while maintaining existing core Federal financial management operations. This includes providing the disbursement of Federal Government payments and receipts; collecting delinquent debt; providing Government-wide accounting and reporting services; borrowing the money needed to operate the Federal Government; accounting for the debt; and providing accounting and other reimbursable services to Government agencies.

Additionally in FY 2014, Fiscal Service took a Government-wide leadership role in spending transparency with the transfer of the responsibility to maintain USAspending.gov from GSA. In FY 2015, Fiscal Service will make investments in USAspending.gov to improve both the functionality and the information transparency of the website.

The Budget provides resources to support the core operational activities of the Fiscal Service, with a focus on increasing the number of electronic transactions with the public; reducing improper payments; improving the effectiveness of debt collection activities; and developing new solutions for streamlining Government-wide accounting.


Identification code 20–0520–0–1–800		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	166	194	193
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	2	7	7
11.8	Special personal services payments		36	36

11.9	Total personnel compensation	170	239	238
12.1	Civilian personnel benefits	49	51	54
13.0	Benefits for former personnel	4	1
21.0	Travel and transportation of persons	2	3	4
22.0	Transportation of things			1
23.1	Rental payments to GSA	25	26	30
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges	14	13	13
24.0	Printing and reproduction		1	1
25.1	Advisory and assistance services	19	15	15
25.2	Other services from non-Federal sources	54	26	23
25.3	Other goods and services from Federal sources	120	43	45
25.4	Operation and maintenance of facilities	2	1	1
25.7	Operation and maintenance of equipment	5	9	9
26.0	Supplies and materials	3	4	4
31.0	Equipment	4	12	8
32.0	Land and structures	2	4	5

99.0	Direct obligations	474	449	452
99.0	Reimbursable obligations	156	150	137
99.5	Below reporting threshold	1

99.9	Total new obligations	631	599	589


Identification code 20–0520–0–1–800		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	1,904	2,136	2,096
2001	Reimbursable civilian full-time equivalent employment	279	254	254


Identification code 20–1888–0–1–452		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity		33

0900	Total new obligations (object class 94.0)		33

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		33

1260	Appropriations, mandatory (total)		33
1930	Total budgetary resources available		33

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		33
3020	Outlays (gross)		–33

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		33
	Outlays, gross:
4100	Outlays from new mandatory authority		33
4180	Budget authority, net (total)		33
4190	Outlays, net (total)		33

The Yankton Sioux Tribe Development Trust Fund was established by P.L. 107–331 to carry out projects and programs under section 206 of the act for economic and infrastructure development projects. The legislation requires principal and a past interest amount to be calculated by the Department of the Treasury and transferred into the fund on October 1, 2013.


Identification code 20–1887–0–1–452		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity		7

0900	Total new obligations (object class 94.0)		7

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		7

1260	Appropriations, mandatory (total)		7
1930	Total budgetary resources available		7

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts		7
3020	Outlays (gross)		–7

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		7
	Outlays, gross:
4100	Outlays from new mandatory authority		7
4180	Budget authority, net (total)		7
4190	Outlays, net (total)		7

The Santee Sioux Tribe Development Trust Fund was established by P.L. 107–331 to carry out projects and programs under section 206 of the act for economic and infrastructure development projects. The legislation requires principal and a past interest amount to be calculated by the Department of the Treasury and transferred into the fund on October 1, 2013.


Identification code 20–0562–0–1–803		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	108	110	110

0900	Total new obligations (object class 25.3)	108	110	110

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	108	110	110

1260	Appropriations, mandatory (total)	108	110	110
1930	Total budgetary resources available	108	110	110

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	28	26	25
3010	Obligations incurred, unexpired accounts	108	110	110
3020	Outlays (gross)	–110	–111	–111

3050	Unpaid obligations, end of year	26	25	24
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	28	26	25
3200	Obligated balance, end of year	26	25	24

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	108	110	110
	Outlays, gross:
4100	Outlays from new mandatory authority	82	83	83
4101	Outlays from mandatory balances	28	28	28

4110	Outlays, gross (total)	110	111	111
4180	Budget authority, net (total)	108	110	110
4190	Outlays, net (total)	110	111	111

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 reimburse the Federal Reserve Banks for acting as fiscal agents of the Federal Government in support of financing the public debt.


Identification code 20–1851–0–1–908		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	2,503	2,628	2,628

0900	Total new obligations (object class 41.0)	2,503	2,628	2,628

	Budgetary Resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,503	2,628	2,628

1260	Appropriations, mandatory (total)	2,503	2,628	2,628
1930	Total budgetary resources available	2,503	2,628

DEPARTMENT OF THE TREASURY

Departmental Offices

Federal Funds

Salaries and Expenses

Department-Wide Systems and Capital Investments Programs

(including transfer of funds)

Office of Inspector General

salaries and expenses

Treasury Inspector General for Tax Administration

salaries and expenses

Expanded Access to Financial Services

Counterterrorism Fund

Terrorism Insurance Program

Treasury Forfeiture Fund

[(rescission)] (CANCELLATION)

Financial Research Fund

Presidential Election Campaign Fund

Pay for Success

Pay for Success

(Legislative proposal, subject to PAYGO)

Exchange Stabilization Fund

Working Capital Fund

Treasury Franchise Fund

Grants for Specified Energy Property in Lieu of Tax Credits, Recovery Act

Community Development Financial Institutions Fund Program Account

Community Development Financial Institutions Fund Direct Loan Financing Account

Office of Financial Stability

Troubled Asset Relief Program Account

Troubled Asset Relief Program Direct Loan Financing Account

Troubled Assets Insurance Financing Fund Guaranteed Loan Financing Account

Troubled Asset Relief Program Equity Purchase Program

Troubled Asset Relief Program Equity Purchase Financing Account

Troubled Asset Relief Program, Housing Programs

Troubled Asset Relief Program, Housing Programs, Letter of Credit Financing Account

Special Inspector General for the Troubled Asset Relief Program

salaries and expenses

Small Business Lending Fund Program Account

Small Business Lending Fund Financing Account

State Small Business Credit Initiative

State Small Business Credit Initiative

(Legislative proposal, subject to PAYGO)

GSE Preferred Stock Purchase Agreements

GSE Mortgage-Backed Securities Purchase Program Account

GSE Mortgage-Backed Securities Purchase Direct Loan Financing Account

State HFA Direct Loan Financing Account

Trust Funds

Capital Magnet Fund, Community Develpment Financial Institutions

Gifts and Bequests

Financial Crimes Enforcement Network

Federal Funds

Salaries and Expenses

Fiscal Service

Federal Funds

Salaries and Expenses

Payment to the Yankton Sioux Tribe Development Trust Fund

Payment to the Santee Sioux Tribe Development Trust Fund

Reimbursements to Federal Reserve Banks

Payment to the Resolution Funding Corporation