Appendix - Department of the Treasury

For necessary expenses of the Departmental Offices including operation and maintenance of the Treasury Building and Freedman's Bank Building; 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; executive direction program activities; international affairs and economic policy activities; domestic finance and tax policy activities, including technical assistance to state and local entities; and Treasury-wide management policies and programs activities, $201,751,000: Provided, That of the amount appropriated under this heading—

(1) not to exceed $350,000 is for official reception and representation expenses;

(2) not to exceed $258,000 is 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

(3) not to exceed $24,000,000 shall remain available until September 30, 2019, for—

(C) the audit, oversight, and administration of the Gulf Coast Restoration Trust Fund;

(D) the development and implementation of programs within the Office of Critical Infrastructure Protection and Compliance Policy, including entering into cooperative agreements;

Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts included for 2017 reflect the annualized level provided by the continuing resolution.


Identification code 020–0101–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Executive Direction	38	38	35
0002	International Affairs and Economic Policy	59	58	53
0003	Domestic Finance and Tax Policy	80	81	74
0005	Treasury-wide Management and Programs	41	45	40

0100	Subtotal, Direct programs	218	222	202

0799	Total direct obligations	218	222	202
0811	Salaries and Expenses (Reimbursable)	103	103	103

0900	Total new obligations, unexpired accounts	321	325	305

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	22	22	22
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	223	222	202
	Spending authority from offsetting collections, discretionary:
1700	Collected	84	103	103
1701	Change in uncollected payments, Federal sources	19

1750	Spending auth from offsetting collections, disc (total)	103	103	103
1900	Budget authority (total)	326	325	305
1930	Total budgetary resources available	348	347	327
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–5
1941	Unexpired unobligated balance, end of year	22	22	22

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	96	89	56
3010	New obligations, unexpired accounts	321	325	305
3011	Obligations ("upward adjustments"), expired accounts	15
3020	Outlays (gross)	–330	–358	–325
3041	Recoveries of prior year unpaid obligations, expired	–13

3050	Unpaid obligations, end of year	89	56	36
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–61	–34	–34
3070	Change in uncollected pymts, Fed sources, unexpired	–19
3071	Change in uncollected pymts, Fed sources, expired	46

3090	Uncollected pymts, Fed sources, end of year	–34	–34	–34
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	35	55	22
3200	Obligated balance, end of year	55	22	2

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	326	325	305
	Outlays, gross:
4010	Outlays from new discretionary authority	257	296	279
4011	Outlays from discretionary balances	73	62	46

4020	Outlays, gross (total)	330	358	325
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–133	–103	–103
4033	Non-Federal sources	–2

4040	Offsets against gross budget authority and outlays (total)	–135	–103	–103
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–19
4052	Offsetting collections credited to expired accounts	51

4060	Additional offsets against budget authority only (total)	32

4070	Budget authority, net (discretionary)	223	222	202
4080	Outlays, net (discretionary)	195	255	222
4180	Budget authority, net (total)	223	222	202
4190	Outlays, net (total)	195	255	222

Departmental Offices, 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 020–0101–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	101	113	105
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	2	3	2

11.9	Total personnel compensation	105	118	109
12.1	Civilian personnel benefits	32	36	34
21.0	Travel and transportation of persons	4	4	4
23.1	Rental payments to GSA	1	1	1
23.2	Rental payments to others	1	1	1
25.1	Advisory and assistance services	23	19	17
25.2	Other services from non-Federal sources	11	9	8
25.3	Other goods and services from Federal sources	27	23	20
25.7	Operation and maintenance of equipment	1	1
26.0	Supplies and materials	4	4	3
31.0	Equipment	6	6	5
32.0	Land and structures	3

99.0	Direct obligations	218	222	202
99.0	Reimbursable obligations	103	103	103

99.9	Total new obligations, unexpired accounts	321	325	305


Identification code 020–0101–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	814	891	811
2001	Reimbursable civilian full-time equivalent employment	189	107	107

For the necessary expenses of the Office of Terrorism and Financial Intelligence to safeguard the financial system against illicit use and to combat rogue nations, terrorist facilitators, weapons of mass destruction proliferators, money launderers, drug kingpins, and other national security threats, $116,778,000: Provided, That of the amounts appropriated under this heading, up to $5,000,000 shall remain available until September 30, 2019.


Identification code 020–1804–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Terrorism and Financial Intelligence	113	117	117
0811	Salaries and Expenses (Reimbursable)	6	6	6

0900	Total new obligations, unexpired accounts	119	123	123

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	5	6
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	117	117	117
	Spending authority from offsetting collections, discretionary:
1700	Collected	3	7	7
1701	Change in uncollected payments, Federal sources	4

1750	Spending auth from offsetting collections, disc (total)	7	7	7
1900	Budget authority (total)	124	124	124
1930	Total budgetary resources available	125	129	130
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	5	6	7

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	29	30	32
3010	New obligations, unexpired accounts	119	123	123
3011	Obligations ("upward adjustments"), expired accounts	2
3020	Outlays (gross)	–117	–121	–137
3041	Recoveries of prior year unpaid obligations, expired	–3

3050	Unpaid obligations, end of year	30	32	18
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–3	–4	–4
3070	Change in uncollected pymts, Fed sources, unexpired	–4
3071	Change in uncollected pymts, Fed sources, expired	3

3090	Uncollected pymts, Fed sources, end of year	–4	–4	–4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	26	26	28
3200	Obligated balance, end of year	26	28	14

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	124	124	124
	Outlays, gross:
4010	Outlays from new discretionary authority	93	103	103
4011	Outlays from discretionary balances	24	18	34

4020	Outlays, gross (total)	117	121	137
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–6	–7	–7
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–4
4052	Offsetting collections credited to expired accounts	3

4060	Additional offsets against budget authority only (total)	–1

4070	Budget authority, net (discretionary)	117	117	117
4080	Outlays, net (discretionary)	111	114	130
4180	Budget authority, net (total)	117	117	117
4190	Outlays, net (total)	111	114	130

The Office of Terrorism and Financial Intelligence safeguards the financial system against illicit use and combats rogue nations, terrorist facilitators, weapons of mass destruction proliferators, money launderers, drug kingpins, and other national security threats.


Identification code 020–1804–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	43	44	45
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	44	45	46
12.1	Civilian personnel benefits	14	14	14
21.0	Travel and transportation of persons	2	2	2
25.1	Advisory and assistance services	8	8	8
25.2	Other services from non-Federal sources	8	8	8
25.3	Other goods and services from Federal sources	34	35	35
26.0	Supplies and materials	2	2	2
31.0	Equipment	1	1	1

99.0	Direct obligations	113	115	116
99.0	Reimbursable obligations	5	6	6
99.5	Adjustment for rounding	1	2	1

99.9	Total new obligations, unexpired accounts	119	123	123


Identification code 020–1804–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	383	391	386
2001	Reimbursable civilian full-time equivalent employment	31	31	31

For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $27,264,000, to remain available until September 30, 2020: Provided, That amounts made available under this heading shall be in addition to other amounts available to Treasury offices and bureaus for cybersecurity.


Identification code 020–1855–0–1–808		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Treasury-wide			27

	Budgetary resources:
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation			27
1930	Total budgetary resources available			27

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			27
3020	Outlays (gross)			–22

3050	Unpaid obligations, end of year			5
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			5

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross			27
	Outlays, gross:
4010	Outlays from new discretionary authority			22
4180	Budget authority, net (total)			27
4190	Outlays, net (total)			22

Trillions of dollars are accounted for and processed by the Department of the Treasury's information technology (IT) systems and therefore they are a constant target for sophisticated threat actors. To more proactively and strategically protect Treasury systems against cybersecurity threats, the Budget proposes a centralized Cybersecurity Enhancement Account. The account supports Department-wide and Bureau-specific investments for critical IT improvements including the systems identified as High Value Assets. Furthermore, the centralization of funds will allow Treasury to more nimbly respond in the event of a cybersecurity incident as well as leverage enterprise-wide services and capabilities across the components of the Department.


Identification code 020–1855–0–1–808		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent			2
12.1	Civilian personnel benefits			1
25.1	Advisory and assistance services			6
25.2	Other services from non-Federal sources			2
25.3	Other goods and services from Federal sources			3
31.0	Equipment			13

99.0	Direct obligations			27

99.9	Total new obligations, unexpired accounts			27


Identification code 020–1855–0–1–808		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment			19

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, $4,426,000, to remain available until September 30, 2020: 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".


Identification code 020–0115–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Department-wide Systems and Capital Investments Programs (Direct)	1	5	4

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4	8	8
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	5	5	4
1930	Total budgetary resources available	9	13	12
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	8	8	8

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	2	2	4
3010	New obligations, unexpired accounts	1	5	4
3020	Outlays (gross)	–1	–3	–4

3050	Unpaid obligations, end of year	2	4	4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	2	2	4
3200	Obligated balance, end of year	2	4	4

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	5	5	4
	Outlays, gross:
4010	Outlays from new discretionary authority		2	2
4011	Outlays from discretionary balances	1	1	2

4020	Outlays, gross (total)	1	3	4
4180	Budget authority, net (total)	5	5	4
4190	Outlays, net (total)	1	3	4

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.


Identification code 020–0115–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
25.1	Advisory and assistance services	1
25.2	Other services from non-Federal sources		3
32.0	Land and structures		2	4

99.0	Direct obligations	1	5	4

99.9	Total new obligations, unexpired accounts	1	5	4

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $34,112,000, 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 up to $2,800,000 to remain available until September 30, 2019, 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); and of which not to exceed $1,000 shall be available for official reception and representation expenses.


Identification code 020–0106–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Audits	24	28	26
0002	Investigations	9	7	8

0799	Total direct obligations	33	35	34
0801	Office of Inspector General (Reimbursable)	7	11	10

0900	Total new obligations, unexpired accounts	40	46	44

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	1
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	35	35	34
	Spending authority from offsetting collections, discretionary:
1700	Collected	3	11	10
1701	Change in uncollected payments, Federal sources	4

1750	Spending auth from offsetting collections, disc (total)	7	11	10
1900	Budget authority (total)	42	46	44
1930	Total budgetary resources available	42	47	45
	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	Unpaid obligations, brought forward, Oct 1	15	13	15
3010	New obligations, unexpired accounts	40	46	44
3011	Obligations ("upward adjustments"), expired accounts	1
3020	Outlays (gross)	–43	–44	–44

3050	Unpaid obligations, end of year	13	15	15
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–5	–4	–4
3070	Change in uncollected pymts, Fed sources, unexpired	–4
3071	Change in uncollected pymts, Fed sources, expired	5

3090	Uncollected pymts, Fed sources, end of year	–4	–4	–4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	10	9	11
3200	Obligated balance, end of year	9	11	11

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	42	46	44
	Outlays, gross:
4010	Outlays from new discretionary authority	31	33	31
4011	Outlays from discretionary balances	12	11	13

4020	Outlays, gross (total)	43	44	44
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–7	–11	–10
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–4
4052	Offsetting collections credited to expired accounts	4

4070	Budget authority, net (discretionary)	35	35	34
4080	Outlays, net (discretionary)	36	33	34
4180	Budget authority, net (total)	35	35	34
4190	Outlays, net (total)	36	33	34

The Office of Inspector General (OIG) conducts audits and investigations designed to promote integrity, efficiency, and effectiveness in programs and operations within the Department and across the OIG's jurisdiction, as well as to keep the Secretary and the Congress fully and currently informed of problems and deficiencies in the administration of such programs and operations. The OIG conducts audits and investigations of 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 Asset Relief Program. Additionally, the Treasury Inspector General functions as Chair of the Council of Inspectors General on Financial Oversight. Finally, the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act (RESTORE Act) tasked the OIG with oversight of all projects, programs, and operations of the Gulf Coast Restoration Trust Fund (Trust Fund), which extends to the Gulf Coast Ecosystem Restoration Council.

The 2018 request for the OIG will be used to fund critical audit, investigative, and other mission support activities to meet the requirements of the Inspector General Act, and a number of other statutes including, but not limited to: 1) Cybersecurity Act of 2015; 2) Dodd-Frank Wall Street Reform and Consumer Protection Act; 3) Federal Information Security Management Act (FISMA); 4) Government Management Reform Act; 5) Improper Payments Elimination and Recovery Act; 6) Digital Accountability and Transparency Act of 2014; 7) Federal Deposit Insurance Act; 8) Small Business Jobs Act of 2010; and 9) RESTORE Act. Specific mandates include audits of the Department's financial statements, the Department's compliance with FISMA, the Department's actions in implementing cybersecurity information sharing, and failed insured depository institutions regulated by Treasury. With the resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations such as: 1) cyber threats; 2) efforts to promote spending transparency and to prevent and detect improper payments; 3) anti-money laundering and terrorist financing/Bank Secrecy Act enforcement; 4) management of Treasury's authorities intended to support and improve the economy, including administration of the Trust Fund. The OIG will also respond to stakeholder requests.

The Office of Audit expects to complete 100 percent of statutory audits by the required deadline and to complete 74 audit products in 2018. The Office will continue to provide oversight, on a reimbursable basis, of the Small Business Lending Fund. The program was created by the Small Business Jobs Act of 2010 and assigned to the Department of the Treasury for management and execution.

In 2018, the OIG Office of Investigations will continue to investigate all reports of fraud, waste, and abuse and other criminal activity impacting Treasury programs and operations, such as financial programs including Treasury grants where fraud involving improper payments are found. The Office of Investigations will continue proactive efforts to detect, investigate, and deter electronic crimes and other threats to Treasury's physical and IT critical infrastructure and 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 020–0106–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	17	19	18
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	18	20	19
12.1	Civilian personnel benefits	7	6	6
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	1	1	2
25.2	Other services from non-Federal sources	2	3	2
25.3	Other goods and services from Federal sources	3	3	3
31.0	Equipment	1	1	1

99.0	Direct obligations	33	35	34
99.0	Reimbursable obligations	6	11	10
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	40	46	44


Identification code 020–0106–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	164	194	175
2001	Reimbursable civilian full-time equivalent employment	6	19	5

For necessary expenses of the Treasury Inspector General for Tax Administration in carrying out the Inspector General Act of 1978, as amended, including purchase 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; $161,113,000, of which $5,000,000 shall remain available until September 30, 2019; 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.


Identification code 020–0119–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Audit	60	65	63
0002	Investigations	108	102	98

0799	Total direct obligations	168	167	161
0801	Treasury Inspector General for Tax Administration (Reimbursable)		1	1

0900	Total new obligations, unexpired accounts	168	168	162

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	5	4	4
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	167	167	161
	Spending authority from offsetting collections, discretionary:
1700	Collected	1	1	1
1900	Budget authority (total)	168	168	162
1930	Total budgetary resources available	173	172	166
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	4	4	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	14	17	16
3010	New obligations, unexpired accounts	168	168	162
3020	Outlays (gross)	–165	–169	–163

3050	Unpaid obligations, end of year	17	16	15
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1	–1	–1

3090	Uncollected pymts, Fed sources, end of year	–1	–1	–1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	13	16	15
3200	Obligated balance, end of year	16	15	14

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	168	168	162
	Outlays, gross:
4010	Outlays from new discretionary authority	152	155	149
4011	Outlays from discretionary balances	13	14	14

4020	Outlays, gross (total)	165	169	163
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–1	–1	–1
4180	Budget authority, net (total)	167	167	161
4190	Outlays, net (total)	164	168	162

The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury, provides oversight of the Internal Revenue Service (IRS), the IRS Chief Counsel and the IRS Oversight Board. TIGTA conducts audit, investigative, inspection and evaluation services that promote economy, efficiency, and integrity in the administration of the Internal Revenue laws. TIGTA protects the public's confidence in the tax system by conducting investigations of allegations of IRS employee misconduct, protecting IRS facilities and data, and investigating allegations of bribery or impersonation of the IRS. TIGTA is also responsible for identifying and recommending strategies to address IRS management challenges and implementing the Department's priorities.

In 2018, TIGTA's Office of Investigations (OI) 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 Federal tax administration, OI protects the IRS's ability to process approximately 245 million tax returns and collect over $3.3 trillion in annual revenue for the Federal Government.

In 2018, TIGTA's Office of Audit (OA) will focus on the major management and performance challenges confronting the IRS by prioritizing 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 cybersecurity, taxpayer privacy and rights, and financial management. The core of TIGTA's audit work will continue to focus on high-risk tax administration areas such as: 1) improving enforcement of tax laws to increase revenue; 2) minimizing identity theft opportunities and enhancing the efficiency of the IRS; and 3) monitoring the IRS's progress in achieving its strategic goals. Audits will address areas of concern to the Congress, the Secretary of the Treasury, and the IRS Commissioner. OA's 2016 highlights include issuing 89 audit reports, and generating approximately $14.6 billion in potential financial benefits.

In 2018, TIGTA's Office of Inspections and Evaluations (I&E) will conduct strategic reviews of tax administration problems, as well as responsive, timely, and cost-effective inspections and evaluations of challenging areas in IRS programs. I&E's oversight includes inspecting IRS's compliance with established system controls and operating procedures and evaluating IRS operations for high-risk systemic inefficiencies.


Identification code 020–0119–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	86	88	85
11.5	Other personnel compensation	8	9	8

11.9	Total personnel compensation	94	97	93
12.1	Civilian personnel benefits	37	38	37
21.0	Travel and transportation of persons	5	3	3
23.1	Rental payments to GSA	9	9	9
23.3	Communications, utilities, and miscellaneous charges		1
25.1	Advisory and assistance services	2	2	2
25.2	Other services from non-Federal sources	1	1	1
25.3	Other goods and services from Federal sources	10	9	9
25.7	Operation and maintenance of equipment	3	2	2
26.0	Supplies and materials	1	1	1
31.0	Equipment	5	4	4

99.0	Direct obligations	167	167	161
99.0	Reimbursable obligations		1	1
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	168	168	162


Identification code 020–0119–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	787	859	819
2001	Reimbursable civilian full-time equivalent employment	2	2	2


Identification code 020–0117–0–1–751		2016 actual	2017 est.	2018 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
4180	Budget authority, net (total)
4190	Outlays, net (total)

This fund was created to reimburse any Department of the Treasury component for the costs of providing support to counter, investigate, or prosecute terrorism. 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). This schedule reflects remaining balances in the account available to Treasury components.


Identification code 020–0123–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Base Administrative Expenses	2	3	3
0003	Projected Payments to Insurers		45	130

0900	Total new obligations, unexpired accounts	2	48	133

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	48	133
1930	Total budgetary resources available	2	48	133

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	2	48	133
3020	Outlays (gross)	–2	–48	–133

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	48	133
	Outlays, gross:
4100	Outlays from new mandatory authority	2	48	133
4180	Budget authority, net (total)	2	48	133
4190	Outlays, net (total)	2	48	133

The Terrorism Risk Insurance Program Reauthorization Act of 2015 (P.L. 114–1) reauthorized and revised the program established by the Terrorism Risk Insurance Act (TRIA) of 2002 (P.L. 107–297). The 2015 Act extended the Terrorism Risk Insurance Program for six years, through December 31, 2020, and made several program changes to reduce the Federal liability associated with Federal payments of terrorism risk insurance losses. The Budget baseline includes the estimated Federal cost of providing payments in connection with terrorism risk insurance losses. There have been no prior payments under the Program. While the Budget does not forecast any specific payment triggering events, the Budget includes estimates representing the weighted average of payments over a full range of possible scenarios, most of which include no notional payment triggering events and some of which include notional triggering events of varying magnitude. Relying upon this methodology, the Budget baseline projects net spending of $37 million for 2018, $446 million over the 2018–2022 period, and $519 million over the 2018–2027 period.


Identification code 020–0123–0–1–376		2016 actual	2017 est.	2018 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	Insurance claims and indemnities		45	130

99.0	Direct obligations	2	48	133

99.9	Total new obligations, unexpired accounts	2	48	133


Identification code 020–0123–0–1–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	3	10	10

Of the unobligated balances available under this heading, $876,000,000 are hereby permanently cancelled not later than September 30, 2018.

In addition, of amounts in the Treasury Forfeiture Fund, $38,800,000 from funds paid to the United States Government by BNP Paribas S.A. as part of, or related to, a plea agreement dated June 27, 2014, entered into between the Department of Justice and BNP Paribas S.A., and subject to a consent order entered by the United States District Court for the Southern District of New York on May 1, 2015, in United States v. BNPP, No. 14 Cr. 460 (S.D.N.Y.), are hereby returned to the General Fund of the Treasury.


Identification code 020–5697–0–2–751		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	1,344	1,041	1,010
	Receipts:
	Current law:
1110	Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund	877	475	413
1140	Earnings on Investments, Treasury Forfeiture Fund	8	8	3

1199	Total current law receipts	885	483	416

1999	Total receipts	885	483	416

2000	Total: Balances and receipts	2,229	1,524	1,426
	Appropriations:
	Current law:
2101	Treasury Forfeiture Fund	–884	–483	–416
2103	Treasury Forfeiture Fund	–1,343	–1,000	–969
2132	Treasury Forfeiture Fund		876
2132	Treasury Forfeiture Fund	1,000
2132	Treasury Forfeiture Fund		93
2134	Treasury Forfeiture Fund	39

2199	Total current law appropriations	–1,188	–514	–1,385

2999	Total appropriations	–1,188	–514	–1,385
5098	Return of funds to Treasury			–39

5099	Balance, end of year	1,041	1,010	2


Identification code 020–5697–0–2–751		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Asset forfeiture fund	509	743	580

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	97	1,034	835
1021	Recoveries of prior year unpaid obligations	4,058	30	30

1050	Unobligated balance (total)	4,155	1,064	865
	Budget authority:
	Appropriations, discretionary:
1130	Appropriations permanently reduced			–876
1132	Appropriations temporarily reduced		–876

1160	Appropriation, discretionary (total)		–876	–876
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	884	483	416
1203	Appropriation (previously unavailable)	1,343	1,000	969
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3,800
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1,000
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–93
1234	Appropriations precluded from obligation	–39

1260	Appropriations, mandatory (total)	–2,612	1,390	1,385
1900	Budget authority (total)	–2,612	514	509
1930	Total budgetary resources available	1,543	1,578	1,374
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,034	835	794

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	4,779	653	786
3010	New obligations, unexpired accounts	509	743	580
3020	Outlays (gross)	–577	–580	–546
3040	Recoveries of prior year unpaid obligations, unexpired	–4,058	–30	–30

3050	Unpaid obligations, end of year	653	786	790
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	4,779	653	786
3200	Obligated balance, end of year	653	786	790

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross		–876	–876
	Outlays, gross:
4010	Outlays from new discretionary authority		–438	–438
4011	Outlays from discretionary balances			–219

4020	Outlays, gross (total)		–438	–657
	Mandatory:
4090	Budget authority, gross	–2,612	1,390	1,385
	Outlays, gross:
4100	Outlays from new mandatory authority	159	489	489
4101	Outlays from mandatory balances	418	529	714

4110	Outlays, gross (total)	577	1,018	1,203
4180	Budget authority, net (total)	–2,612	514	509
4190	Outlays, net (total)	577	580	546

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	6,191	2,690	2,612
5001	Total investments, EOY: Federal securities: Par value	2,690	2,612	1,537

The mission of the Treasury Forfeiture Fund (Fund) is to affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement bureaus that participate in the Fund to disrupt and dismantle criminal enterprises. The Fund supports Federal, state, and local law enforcement's use of asset forfeiture to punish and deter criminal activity. Proceeds from non-tax forfeitures made by participating bureaus of the Department of the Treasury and the Department of Homeland Security are deposited into the Fund. Such proceeds are available to pay or reimburse certain costs and expenses related to seizures and forfeitures that occur pursuant to laws enforced by the bureaus and other expenses authorized by 31 U.S.C. 9705. Forfeiture proceeds 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 $876 million of unobligated balances. The Budget also proposes to return $39 million from a judicial settlement to the General Fund of the Treasury, made unavailable to the Fund by the Consolidated Appropriations Act, 2016 (P.L. 114–113).


Identification code 020–5697–0–2–751		2016 actual	2017 est.	2018 est.

	Direct obligations:
25.2	Other services from non-Federal sources	63	78	41
25.3	Other goods and services from Federal sources	166	223	116
41.0	Grants, subsidies, and contributions	189	372	373
44.0	Refunds	34	70	50
94.0	Financial transfers	57

99.0	Direct obligations	509	743	580

99.9	Total new obligations, unexpired accounts	509	743	580


Identification code 020–5590–0–2–376		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	7	7	6
	Receipts:
	Current law:
1110	Fees and Assessments, Financial Research Fund	104	86	62

2000	Total: Balances and receipts	111	93	68
	Appropriations:
	Current law:
2101	Financial Research Fund	–104	–86	–62
2103	Financial Research Fund	–7	–7	–6
2132	Financial Research Fund	7	6

2199	Total current law appropriations	–104	–87	–68

2999	Total appropriations	–104	–87	–68

5099	Balance, end of year	7	6


Identification code 020–5590–0–2–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0002	FSOC	7	8	8
0003	FDIC Payments	7	5	4

0091	FSOC subtotal	14	13	12
0101	OFR	95	101	76

0900	Total new obligations, unexpired accounts	109	114	88

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	80	80	60
1021	Recoveries of prior year unpaid obligations	5	7	4

1050	Unobligated balance (total)	85	87	64
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	104	86	62
1203	Appropriation (previously unavailable)	7	7	6
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–7	–6

1260	Appropriations, mandatory (total)	104	87	68
1930	Total budgetary resources available	189	174	132
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	80	60	44

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	32	37	56
3010	New obligations, unexpired accounts	109	114	88
3020	Outlays (gross)	–99	–88	–90
3040	Recoveries of prior year unpaid obligations, unexpired	–5	–7	–4

3050	Unpaid obligations, end of year	37	56	50
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	32	37	56
3200	Obligated balance, end of year	37	56	50

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	104	87	68
	Outlays, gross:
4100	Outlays from new mandatory authority		23	22
4101	Outlays from mandatory balances	99	65	68

4110	Outlays, gross (total)	99	88	90
4180	Budget authority, net (total)	104	87	68
4190	Outlays, net (total)	99	88	90

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	118	114	116
5001	Total investments, EOY: Federal securities: Par value	114	116	94

The Office of Financial Research (OFR) and the Financial Stability Oversight Council (Council), whose expenses are paid for out of the Financial Research Fund, were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act (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. The OFR is an office within the Department of the Treasury.

The Council is comprised of 10 voting members, including all Federal financial regulators, and five non-voting members. The Secretary of the Treasury serves as Chair 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 reimbursement of certain reasonable expenses incurred by the Federal Deposit Insurance Corporation in implementing Orderly Liquidation Authority, provided by Title II of the Act. These expenses are treated as expenses of the Council, and are estimated at $5 million in 2017 and $4 million in 2018.

The OFR and the Council were funded through transfers from the Board of Governors of the Federal Reserve System until July 20, 2012. Subsequently, the OFR and the Council have been funded through assessments on certain bank holding companies with total consolidated assets of $50 billion or greater and nonbank financial companies supervised by the Board of Governors. Expenses of the Council are considered expenses of, and are paid by, the OFR. Projected fees and assessments are estimates and may change.

As directed in the Executive Order on Core Principles for Regulating the U.S. Financial System, the Secretary of the Treasury, in consultation with the heads of the member agencies of the Council, is conducting a thorough review of the extent to which existing laws, regulations, and other Government policies promote (or inhibit) these Core Principles. The Financial Research Fund is being evaluated as part of that review.


Identification code 020–5590–0–2–376		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	35	38	24
11.3	Other than full-time permanent	1	1	1

11.9	Total personnel compensation	36	39	25
12.1	Civilian personnel benefits	12	13	8
21.0	Travel and transportation of persons	1	1
25.1	Advisory and assistance services	11	17	13
25.2	Other services from non-Federal sources	1	1	1
25.3	Other goods and services from Federal sources	33	26	25
26.0	Supplies and materials	9	8	8
31.0	Equipment	6	9	8

99.0	Direct obligations	109	114	88

99.9	Total new obligations, unexpired accounts	109	114	88


Identification code 020–5590–0–2–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	230	246	160


Identification code 020–5081–0–2–808		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	2	2	3
	Receipts:
	Current law:
1110	Presidential Election Campaign Fund	29	50	50

2000	Total: Balances and receipts	31	52	53
	Appropriations:
	Current law:
2101	Presidential Election Campaign Fund	–29	–50	–50
2103	Presidential Election Campaign Fund	–2	–2	–3
2132	Presidential Election Campaign Fund	2	3

2199	Total current law appropriations	–29	–49	–53

2999	Total appropriations	–29	–49	–53

5099	Balance, end of year	2	3


Identification code 020–5081–0–2–808		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Presidential Election Campaigns	2	48	52
0003	NIH Pediatric Research Fund Transfer		1	1

0900	Total new obligations (object class 41.0)	2	49	53

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	289	316	316
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	29	50	50
1203	Appropriation (Sequestration pop-up, Authorizing Committee)	2	2	3
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–3

1260	Appropriations, mandatory (total)	29	49	53
1930	Total budgetary resources available	318	365	369
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	316	316	316

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			48
3010	New obligations, unexpired accounts	2	49	53
3020	Outlays (gross)	–2	–1

3050	Unpaid obligations, end of year		48	101
	Memorandum (non-add) entries:
3100	Obligated balance, start of year			48
3200	Obligated balance, end of year		48	101

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	29	49	53
	Outlays, gross:
4101	Outlays from mandatory balances	2	1
4180	Budget authority, net (total)	29	49	53
4190	Outlays, net (total)	2	1

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). The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates and, starting in 2014, to the Pediatric Research Initiative Fund at the National Institutes of Health (NIH). Money for the public funding of presidential election campaigns can only come from the PECF; if the PECF were to exhaust its fund balances, no other public funding 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. Current uses of the PECF are provided below.

Matching Funds for Presidential Primary Candidates — Upon certification by the Federal Election Commission and 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. Eligibility for this funding depends on meeting several criteria, such as agreeing to limit spending to amounts specified by campaign finance laws. In addition, candidates from new parties, minor parties, and non-major parties who receive in excess of 5 percent of the popular vote may be entitled to a pro rata portion of the major party amount in the general election.

Nominating Party Conventions — On April 3, 2014, the President signed into law the Gabriella Miller Kids First Research Act, P.L. 113–94. This Act amended the Internal Revenue Code to terminate the entitlement of any political party to a payment from the PECF for a presidential nominating convention. The Act also mandated the transfer of amounts in the PECF for nominating party conventions to a 10-Year Pediatric Research Initiative Fund at NIH and authorized appropriations for the Fund.


Identification code 020–4444–0–3–155		2016 actual	2017 est.	2018 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	38,159	39,774	39,831
1021	Recoveries of prior year unpaid obligations	279
1026	Adjustment for change in allocation of trust fund limitation or foreign exchange valuation	1,281

1050	Unobligated balance (total)	39,719	39,774	39,831
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	55	57	80
1930	Total budgetary resources available	39,774	39,831	39,911
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	39,774	39,831	39,911

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	54,778	54,499	54,499
3040	Recoveries of prior year unpaid obligations, unexpired	–279

3050	Unpaid obligations, end of year	54,499	54,499	54,499
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	54,778	54,499	54,499
3200	Obligated balance, end of year	54,499	54,499	54,499

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	55	57	80
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4121	Interest on Federal securities	–44	–91	–84
4123	Non-Federal sources	–11	34	4

4130	Offsets against gross budget authority and outlays (total)	–55	–57	–80
4170	Outlays, net (mandatory)	–55	–57	–80
4180	Budget authority, net (total)
4190	Outlays, net (total)	–55	–57	–80

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	20,773	22,680	22,060
5001	Total investments, EOY: Federal securities: Par value	22,680	22,060	22,120

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 2017 and 2018 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 020–4444–0–3–155		2015 actual	2016 actual

	ASSETS:
	Federal assets:
	Investments in US securities:
1102	Treasury securities, par	22,644	22,680
1201	Non-Federal assets: Foreign Currency Investments	20,029	21,598
1801	Other Federal assets: Special Drawing Rights	50,336	50,058

1999	Total assets	93,009	94,336
	LIABILITIES:
2207	Non-Federal liabilities: Other	54,779	54,499
	NET POSITION:
3100	Unexpended appropriations	200	200
3300	Cumulative results of operations	38,030	39,637

3999	Total net position	38,230	39,837

4999	Total liabilities and net position	93,009	94,336


Identification code 020–4560–0–4–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0802	Financial Management Administrative Support Service	157	163	174
0804	Information Technology Services	193	207	190
0806	Shared Services Program	229	236	225

0900	Total new obligations, unexpired accounts	579	606	589

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	160	174	149
1021	Recoveries of prior year unpaid obligations	6	16	24
1033	Recoveries of prior year paid obligations	1

1050	Unobligated balance (total)	167	190	173
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	589	565	589
1701	Change in uncollected payments, Federal sources	–3

1750	Spending auth from offsetting collections, disc (total)	586	565	589
1930	Total budgetary resources available	753	755	762
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	174	149	173

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	129	157	142
3010	New obligations, unexpired accounts	579	606	589
3020	Outlays (gross)	–545	–605	–589
3040	Recoveries of prior year unpaid obligations, unexpired	–6	–16	–24

3050	Unpaid obligations, end of year	157	142	118
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–27	–24	–24
3070	Change in uncollected pymts, Fed sources, unexpired	3

3090	Uncollected pymts, Fed sources, end of year	–24	–24	–24
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	102	133	118
3200	Obligated balance, end of year	133	118	94

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	586	565	589
	Outlays, gross:
4010	Outlays from new discretionary authority	456	486	507
4011	Outlays from discretionary balances	89	119	82

4020	Outlays, gross (total)	545	605	589
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–590	–565	–589
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	3
4053	Recoveries of prior year paid obligations, unexpired accounts	1

4060	Additional offsets against budget authority only (total)	4
4080	Outlays, net (discretionary)	–45	40
4180	Budget authority, net (total)
4190	Outlays, net (total)	–45	40

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 financial management, procurement, travel, human resources, and information technology services through its three business lines: the Administrative Resource Center (ARC) Administrative Services, ARC Information Technology Services, and the Shared Services Program (SSP). Services are provided to Federal customers on a reimbursable, fee-for-service basis.


Identification code 020–4560–0–4–803		2016 actual	2017 est.	2018 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	132	145	150
11.3	Other than full-time permanent	1	1	1
11.5	Other personnel compensation	4	4	5

11.9	Total personnel compensation	137	150	156
12.1	Civilian personnel benefits	46	52	54
21.0	Travel and transportation of persons	1	2	2
23.1	Rental payments to GSA		5	5
23.3	Communications, utilities, and miscellaneous charges	66	69	67
25.1	Advisory and assistance services	67	39	29
25.2	Other services from non-Federal sources	40	20	26
25.3	Other goods and services from Federal sources	90	118	120
25.4	Operation and maintenance of facilities	4
25.7	Operation and maintenance of equipment	74	106	97
26.0	Supplies and materials	1	4	1
31.0	Equipment	53	40	31

99.0	Reimbursable obligations	579	605	588
99.5	Adjustment for rounding		1	1

99.9	Total new obligations, unexpired accounts	579	606	589


Identification code 020–4560–0–4–803		2016 actual	2017 est.	2018 est.

2001	Reimbursable civilian full-time equivalent employment	1,715	1,794	1,848


Identification code 020–0140–0–1–271		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Grants for Specified Energy Property in Lieu of Tax Credits, Rec (Direct)	126	978	300

0900	Total new obligations (object class 41.0)	126	978	300

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	135	1,050	300
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–9	–72

1260	Appropriations, mandatory (total)	126	978	300
1930	Total budgetary resources available	126	978	300

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		32
3010	New obligations, unexpired accounts	126	978	300
3020	Outlays (gross)	–94	–1,010	–300

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	126	978	300
	Outlays, gross:
4100	Outlays from new mandatory authority	94	978	300
4101	Outlays from mandatory balances		32

4110	Outlays, gross (total)	94	1,010	300
4180	Budget authority, net (total)	126	978	300
4190	Outlays, net (total)	94	1,010	300

Section 1603 of the American Recovery and Reinvestment Act of 2009 requires the Secretary of the Treasury to make payments in lieu of tax credits to entities that place in service specified energy property. In the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 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. In some cases, if construction began 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. This account presents the estimated disbursements.

In general, projects that meet the eligibility criteria for the investment tax credit (ITC) are eligible for the payments. These projects include qualified renewable energy facilities that meet the eligibility criteria for the production tax credit (PTC) and have elected to instead claim the ITC. An entity receiving a Section 1603 payment for specified energy property may not also claim the ITC or the PTC with respect to the same property.

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 section 3109 of title 5, United States Code, but at rates for individuals not to exceed the per diem rate equivalent to the rate for EX-3, $14,000,000, to be used for administrative expenses, including administration of CDFI fund programs and the New Markets Tax Credit Program: Provided, That during fiscal year 2018, none of the funds available under this heading are available for the cost, as defined in section 502 of the Congressional Budget Act of 1974, of commitments to guarantee bonds and notes under section 114A of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided further, That commitments to guarantee bonds and notes under such section 114A shall not exceed $500,000,000: Provided further, That such section 114A shall remain in effect until September 30, 2018.


Identification code 020–1881–0–1–451		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0009	General Administrative Expenses	23	24	14
0012	Financial Assistance	148	162	3
0014	Native American/Hawaiian Program	16	15
0026	Healthy Food Initiative	23	22
0028	Bank Enterprise Award	1	19	19
0050	Mandatory No Year Account		5

0091	Direct program activities, subtotal	211	247	36
	Credit program obligations:
0701	Direct loan subsidy		3
0705	Reestimates of direct loan subsidy	4
0706	Interest on reestimates of direct loan subsidy	1	1

0791	Direct program activities, subtotal	5	4

0900	Total new obligations, unexpired accounts	216	251	36

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	8	35	22
1001	Discretionary unobligated balance brought fwd, Oct 1	3	30
1021	Recoveries of prior year unpaid obligations	2	3	3
1033	Recoveries of prior year paid obligations	1

1050	Unobligated balance (total)	11	38	25
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	234	234	14
	Appropriations, mandatory:
1200	Appropriation	5	1
	Spending authority from offsetting collections, discretionary:
1700	Collected	1
1900	Budget authority (total)	240	235	14
1930	Total budgetary resources available	251	273	39
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	35	22	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	230	224	240
3010	New obligations, unexpired accounts	216	251	36
3020	Outlays (gross)	–219	–232	–180
3040	Recoveries of prior year unpaid obligations, unexpired	–2	–3	–3
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	224	240	93
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	230	224	240
3200	Obligated balance, end of year	224	240	93

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	235	234	14
	Outlays, gross:
4010	Outlays from new discretionary authority	21	24	14
4011	Outlays from discretionary balances	195	203	165

4020	Outlays, gross (total)	216	227	179
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–2

4040	Offsets against gross budget authority and outlays (total)	–2
	Additional offsets against gross budget authority only:
4053	Recoveries of prior year paid obligations, unexpired accounts	1

4060	Additional offsets against budget authority only (total)	1

4070	Budget authority, net (discretionary)	234	234	14
4080	Outlays, net (discretionary)	214	227	179
	Mandatory:
4090	Budget authority, gross	5	1
	Outlays, gross:
4100	Outlays from new mandatory authority	3	1
4101	Outlays from mandatory balances		4	1

4110	Outlays, gross (total)	3	5	1
4180	Budget authority, net (total)	239	235	14
4190	Outlays, net (total)	217	232	180

	Memorandum (non-add) entries:
5010	Total investments, SOY: non-Fed securities: Market value	17	17	17
5011	Total investments, EOY: non-Fed securities: Market value	17	17

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


Identification code 020–1881–0–1–451		2016 actual	2017 est.	2018 est.

	Direct loan levels supportable by subsidy budget authority:
115001	Community Development Financial Institutions Prog Fin Assist.	2	25
115002	Bond Guarantee Program	265	432	500

115999	Total direct loan levels	267	457	500
	Direct loan subsidy (in percent):
132001	Community Development Financial Institutions Prog Fin Assist.	12.38	11.53	0.00
132002	Bond Guarantee Program	–2.50	0.00	0.00

132999	Weighted average subsidy rate	–2.39	0.63	0.00
	Direct loan subsidy budget authority:
133001	Community Development Financial Institutions Prog Fin Assist.		3
133002	Bond Guarantee Program	–7

133999	Total subsidy budget authority	–7	3
	Direct loan subsidy outlays:
134001	Community Development Financial Institutions Prog Fin Assist.	2	3
134002	Bond Guarantee Program	–5

134999	Total subsidy outlays	–3	3
	Direct loan reestimates:
135001	Community Development Financial Institutions Prog Fin Assist.	1	–1
135002	Bond Guarantee Program	3	–6

135999	Total direct loan reestimates	4	–7

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 2018 Budget eliminates new program funding for discretionary programs including the Bank Enterprise Award Program (BEA Program), CDFI Program, the Native American CDFI Assistance Program (NACA Program), and the Healthy Food Financing Initiative (HFFI). The 2018 Budget requests $14 million in administrative funding to support management of the CDFI Bond Guarantee Program (BGP) and the New Markets Tax Credit Program, as well as on-going certification and compliance monitoring for all programs including the BEA Program, CDFI Program, NACA Program and HFFI.

The CDFI Fund's BGP 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 spur job creation among small businesses and entrepreneurs, and provide needed financing for infrastructure development projects such as charter schools and affordable housing. The Budget proposes to extend the program's authorization, with an annual guarantee level not to exceed $500 million. The Budget also proposes reforms to the CDFI BGP to increase participation and ensure credit-worthy CDFIs have access to this important source of capital while continuing to maintain strong protections against credit risk. The CDFI BGP will continue to operate at no budgetary cost for new issuances.


Identification code 020–1881–0–1–451		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	9	9	5
12.1	Civilian personnel benefits	3	3	2
25.1	Advisory and assistance services	5	4
25.3	Other goods and services from Federal sources	6	5	5
25.7	Operation and maintenance of equipment	1		2
31.0	Equipment		3
41.0	Grants, subsidies, and contributions	192	227	22

99.0	Direct obligations	216	251	36

99.9	Total new obligations, unexpired accounts	216	251	36


Identification code 020–1881–0–1–451		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	77	77	42


Identification code 020–4088–0–3–451		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0710	Direct loan obligations	267	457	500
0713	Payment of interest to Treasury	3	3	3
0715	Payments of interest to FFB	11
0740	Negative subsidy obligations	7
0742	Downward reestimates paid to receipt accounts	1	8

0900	Total new obligations, unexpired accounts	289	468	503

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1		9
1021	Recoveries of prior year unpaid obligations	2
1023	Unobligated balances applied to repay debt	–1
1024	Unobligated balance of borrowing authority withdrawn	–2

1050	Unobligated balance (total)			9
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	276	456	500
	Spending authority from offsetting collections, mandatory:
1800	Collected	26	34	50
1801	Change in uncollected payments, Federal sources		1	1
1825	Spending authority from offsetting collections applied to repay debt	–13	–14	–20

1850	Spending auth from offsetting collections, mand (total)	13	21	31
1900	Budget authority (total)	289	477	531
1930	Total budgetary resources available	289	477	540
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		9	37

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	750	806	855
3010	New obligations, unexpired accounts	289	468	503
3020	Outlays (gross)	–231	–419	–491
3040	Recoveries of prior year unpaid obligations, unexpired	–2

3050	Unpaid obligations, end of year	806	855	867
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1	–1	–2
3070	Change in uncollected pymts, Fed sources, unexpired		–1	–1

3090	Uncollected pymts, Fed sources, end of year	–1	–2	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	749	805	853
3200	Obligated balance, end of year	805	853	864

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	289	477	531
	Financing disbursements:
4110	Outlays, gross (total)	231	419	491
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–6	–6
4122	Interest on uninvested funds	–4	–4	–5
4123	Non-Federal sources - Interest repayments	–7	–8	–15
4123	Non-Federal sources - Principal Repayments	–9	–16	–30

4130	Offsets against gross budget authority and outlays (total)	–26	–34	–50
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired		–1	–1

4160	Budget authority, net (mandatory)	263	442	480
4170	Outlays, net (mandatory)	205	385	441
4180	Budget authority, net (total)	263	442	480
4190	Outlays, net (total)	205	385	441


Identification code 020–4088–0–3–451		2016 actual	2017 est.	2018 est.

	Position with respect to appropriations act limitation on obligations:
1111	Direct loan obligations from current-year authority	267	457	500

1150	Total direct loan obligations	267	457	500

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	76	76	477
1231	Disbursements: Direct loan disbursements	6	419	331
1251	Repayments: Repayments and prepayments	–5	–16	–30
1263	Write-offs for default: Direct loans	–1	–2	–2

1290	Outstanding, end of year	76	477	776


Identification code 020–4088–0–3–451		2015 actual	2016 actual

	ASSETS:
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	76	76
1405	Allowance for subsidy cost (-)	–14	–15

1499	Net present value of assets related to direct loans	62	61
1801	Other Federal assets: Cash and other monetary assets	1	1

1999	Total assets	63	62
	LIABILITIES:
	Federal liabilities:
2103	Debt	63	62
2105	Other Liabilities without Related Budgetary Offset

2999	Total liabilities	63	62

4999	Total liabilities and net position	63	62


Identification code 020–0128–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Office of Financial Stability (Direct)	134	107	83

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	153	107	83
1930	Total budgetary resources available	153	107	83
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–19

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	123	90	25
3010	New obligations, unexpired accounts	134	107	83
3011	Obligations ("upward adjustments"), expired accounts	2
3020	Outlays (gross)	–139	–162	–87
3041	Recoveries of prior year unpaid obligations, expired	–30	–10

3050	Unpaid obligations, end of year	90	25	21
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	123	90	25
3200	Obligated balance, end of year	90	25	21

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	153	107	83
	Outlays, gross:
4100	Outlays from new mandatory authority	85	86	66
4101	Outlays from mandatory balances	54	76	21

4110	Outlays, gross (total)	139	162	87
4180	Budget authority, net (total)	153	107	83
4190	Outlays, net (total)	139	162	87

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 system and protecting taxpayers. The Act gave the Secretary of the Treasury 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 of OFS, which oversees and manages TARP.


Identification code 020–0128–0–1–376		2016 actual	2017 est.	2018 est.

11.1	Direct obligations: Personnel compensation: Full-time permanent	8	7	6

11.9	Total personnel compensation	8	7	6
12.1	Civilian personnel benefits	3	2	1
25.1	Advisory and assistance services	10	13	10
25.2	Other services from non-Federal sources	99	73	55
25.3	Other goods and services from Federal sources	14	12	11

99.9	Total new obligations, unexpired accounts	134	107	83


Identification code 020–0128–0–1–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	67	53	43


Identification code 020–0132–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	510	8
0706	Interest on reestimates of direct loan subsidy	38	2

0900	Total new obligations (object class 41.0)	548	10

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	548	10
1930	Total budgetary resources available	548	10

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	548	10
3020	Outlays (gross)	–548	–10

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	548	10
	Outlays, gross:
4100	Outlays from new mandatory authority	548	10
4180	Budget authority, net (total)	548	10
4190	Outlays, net (total)	548	10

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


Identification code 020–0132–0–1–376		2016 actual	2017 est.	2018 est.

	Direct loan reestimates:
135001	Automotive Industry Financing Program	–108	8

135999	Total direct loan reestimates	–108	8

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 Troubled Asset Relief Program (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 authority to make new financial commitments via 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 Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.


Identification code 020–4277–0–3–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0739	Disposition Fees	13
0742	Downward reestimates paid to receipt accounts	138	2
0743	Interest on downward reestimates	518

0900	Total new obligations, unexpired accounts	669	2

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	109	6	6
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	13
	Spending authority from offsetting collections, mandatory:
1800	Offsetting collections	553	15
1825	Spending authority from offsetting collections applied to repay debt		–13

1850	Spending auth from offsetting collections, mand (total)	553	2
1900	Budget authority (total)	566	2
1930	Total budgetary resources available	675	8	6
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	6	6	6

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	669	2
3020	Outlays (gross)	–669	–2

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	566	2
	Financing disbursements:
4110	Outlays, gross (total)	669	2
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–548	–10
4123	Principal	–5	–5

4130	Offsets against gross budget authority and outlays (total)	–553	–15

4160	Budget authority, net (mandatory)	13	–13
4170	Outlays, net (mandatory)	116	–13
4180	Budget authority, net (total)	13	–13
4190	Outlays, net (total)	116	–13

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.


Identification code 020–4277–0–3–376		2015 actual	2016 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	109	5
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross
1401	Direct loans receivable, gross
1405	Allowance for subsidy cost (-)
1405	Allowance for subsidy cost (-)

1499	Net present value of assets related to direct loans

1999	Total assets	109	5
	LIABILITIES:
	Federal liabilities:
2104	Resources payable to Treasury	109	5
2105	Other

2999	Total upward reestimate subsidy BA [20–0132]	109	5

4999	Total liabilities and net position	109	5


Identification code 020–0134–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0703	Subsidy for modifications of direct loans	25
0705	Reestimates of direct loan subsidy	100	4
0706	Interest on reestimates of direct loan subsidy		2

0900	Total new obligations (object class 41.0)	125	6

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	125	6
1930	Total budgetary resources available	125	6

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	125	6
3020	Outlays (gross)	–125	–6

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	125	6
	Outlays, gross:
4100	Outlays from new mandatory authority	125	6
4180	Budget authority, net (total)	125	6
4190	Outlays, net (total)	125	6

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


Identification code 020–0134–0–1–376		2016 actual	2017 est.	2018 est.

	Direct loan subsidy outlays:
134006	Community Development Capital Initiative	25

134999	Total subsidy outlays	25
	Direct loan reestimates:
135001	Capital Purchase Program	–90	–37
135004	Automotive Industry Financing Program (Equity)	20
135006	Community Development Capital Initiative	–26	–42

135999	Total direct loan reestimates	–96	–79

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.


Identification code 020–4278–0–3–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	16	40	17
0742	Downward reestimates paid to receipt accounts	57	41
0743	Interest on downward reestimates	140	44

0900	Total new obligations, unexpired accounts	213	125	17

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	30	46	26
1021	Recoveries of prior year unpaid obligations	1

1050	Unobligated balance (total)	31	46	26
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	59
	Spending authority from offsetting collections, mandatory:
1800	Collected	189	380	56
1825	Spending authority from offsetting collections applied to repay debt	–20	–275	–39

1850	Spending auth from offsetting collections, mand (total)	169	105	17
1900	Budget authority (total)	228	105	17
1930	Total budgetary resources available	259	151	43
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	46	26	26

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1
3010	New obligations, unexpired accounts	213	125	17
3020	Outlays (gross)	–213	–125	–17
3040	Recoveries of prior year unpaid obligations, unexpired	–1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	228	105	17
	Financing disbursements:
4110	Outlays, gross (total)	213	125	17
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–125	–6
4122	Interest on uninvested funds	–1	–14	–2
4123	Dividends	–9	–6	–3
4123	Warrants	–4	–61	–31
4123	Redemption	–50	–293	–20

4130	Offsets against gross budget authority and outlays (total)	–189	–380	–56

4160	Budget authority, net (mandatory)	39	–275	–39
4170	Outlays, net (mandatory)	24	–255	–39
4180	Budget authority, net (total)	39	–275	–39
4190	Outlays, net (total)	24	–255	–39


Identification code 020–4278–0–3–376		2016 actual	2017 est.	2018 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	714	630	316
1251	Repayments: Repayments and prepayments	–50	–293	–20
1263	Write-offs for default: Direct loans	–34	–21	–6

1290	Outstanding, end of year	630	316	290

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.


Identification code 020–4278–0–3–376		2015 actual	2016 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	31	46
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	714	630
1405	Allowance for subsidy cost (-)	–2,359	–220
1405	Allowance for subsidy cost (-)	2,127	80

1499	Net present value of assets related to direct loans	482	490

1999	Total assets	513	536
	LIABILITIES:
	Federal liabilities:
2103	Debt	418	457
2105	Other	95	79

2999	Total liabilities	513	536

4999	Total liabilities and net position	513	536


Identification code 020–0136–0–1–604		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Additional Authority for Hardest Hit Fund	2,000

0100	Direct program activities, subtotal	2,000

0900	Total new obligations (object class 41.0)	2,000

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	8,159	1	81
1021	Recoveries of prior year unpaid obligations	2,001	80
1031	Other balances not available	–8,159

1050	Unobligated balance (total)	2,001	81	81
1930	Total budgetary resources available	2,001	81	81
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	81	81

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	19,459	15,170	11,354
3010	New obligations, unexpired accounts	2,000
3020	Outlays (gross)	–4,288	–3,736	–2,646
3040	Recoveries of prior year unpaid obligations, unexpired	–2,001	–80

3050	Unpaid obligations, end of year	15,170	11,354	8,708
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	19,459	15,170	11,354
3200	Obligated balance, end of year	15,170	11,354	8,708

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	4,288	3,736	2,646
4180	Budget authority, net (total)
4190	Outlays, net (total)	4,288	3,736	2,646

	Memorandum (non-add) entries:
5103	Unexpired unavailable balance, SOY: Fulfilled purpose		8,159	8,159
5104	Unexpired unavailable balance, EOY: Fulfilled purpose	8,159	8,159	8,159

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


Identification code 020–0136–0–1–604		2016 actual	2017 est.	2018 est.

	Guaranteed loan levels supportable by subsidy budget authority:
215001	FHA Refi Letter of Credit		200
	Guaranteed loan subsidy (in percent):
232001	FHA Refi Letter of Credit	0.00	0.80	0.00

232999	Weighted average subsidy rate	0.00	0.80	0.00
	Guaranteed loan subsidy budget authority:
233001	FHA Refi Letter of Credit		2
	Guaranteed loan subsidy outlays:
234001	FHA Refi Letter of Credit		2
	Guaranteed loan reestimates:
235001	FHA Refi Letter of Credit	–3	–3

The Making Home Affordable (MHA) initiative 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). 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. In December 2015, the Consolidated Appropriations Act, 2016 (P.L. 114–113) codified the current application deadline of December 31, 2016, for MHA programs. Additionally, state housing finance agencies in 18 states and the District of Columbia that have been most heavily impacted by the housing crisis have been allocated a total of $9.6 billion under EESA through the Hardest Hit Fund (HHF) to initiate locally-tailored foreclosure prevention programs. The Consolidated Appropriations Act, 2016, extended Treasury's authority under EESA to incur certain obligations for the HHF through December 31, 2017, and granted Treasury the authority to obligate an additional $2 billion in funds to HHF states. 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 more details, please see the Budgetary Effects of the Troubled Asset Relief Program chapter in the Analytical Perspectives volume.


Identification code 020–4329–0–3–371		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0711	Default claim payments on principal		1	1
0713	Payment of interest to Treasury		1	1
0742	Downward reestimates paid to receipt accounts	3	3

0900	Total new obligations, unexpired accounts	3	5	2

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	11	8	5
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected		2
1930	Total budgetary resources available	11	10	5
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	8	5	3

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3	5	2
3020	Outlays (gross)	–3	–5	–2

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross		2
	Financing disbursements:
4110	Outlays, gross (total)	3	5	2
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources		–2
4180	Budget authority, net (total)
4190	Outlays, net (total)	3	3	2


Identification code 020–4329–0–3–371		2016 actual	2017 est.	2018 est.

	Position with respect to appropriations act limitation on commitments:
2111	Guaranteed loan commitments from current-year authority		200

2150	Total guaranteed loan commitments		200

	Cumulative balance of guaranteed loans outstanding:
2210	Outstanding, start of year	440	416	392
2251	Repayments and prepayments	–23	–23	–23
2263	Adjustments: Terminations for default that result in claim payments	–1	–1	–1

2290	Outstanding, end of year	416	392	368

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


Identification code 020–4329–0–3–371		2015 actual	2016 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	11	8

1999	Total assets	11	8
	LIABILITIES:
2104	Federal liabilities: Resources payable to Treasury		5
2204	Non-Federal liabilities: Liabilities for loan guarantees	11	3

2999	Total liabilities	11	8

4999	Total liabilities and net position	11	8

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), $20,297,000.


Identification code 020–0133–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Special Inspector General for the Troubled Asset Relief Program (Direct)	41	46	33

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	19	18	13
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	41	41	20
1900	Budget authority (total)	41	41	20
1930	Total budgetary resources available	60	59	33
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	18	13

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	16	15	16
3010	New obligations, unexpired accounts	41	46	33
3020	Outlays (gross)	–40	–45	–28
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	15	16	21
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	16	15	16
3200	Obligated balance, end of year	15	16	21

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	41	41	20
	Outlays, gross:
4010	Outlays from new discretionary authority	32	33	16
4011	Outlays from discretionary balances	5	8	8

4020	Outlays, gross (total)	37	41	24
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	3	4	4
4180	Budget authority, net (total)	41	41	20
4190	Outlays, net (total)	40	45	28

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) (P.L. 110–343). SIGTARP is a Federal law enforcement agency that targets financial institution crime and is an independent watchdog protecting taxpayer dollars that fund TARP. Protecting taxpayer dollars and TARP programs drives SIGTARP's mission.

In 2018, SIGTARP will continue to conduct criminal investigations into any parties suspected of a crime related to TARP. SIGTARP will also audit to identify costly waste, abuse, risk of fraud, and inefficiency.

SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget authority in EESA. The Public-Private Investment Program Improvement and Oversight Act of 2009 (12 U.S.C. 5231a) provided $15 million in supplemental funding to conduct audits and investigations of TARP programs designed to restart the asset-backed securities markets. Since 2010, SIGTARP has received annual appropriations to fund its operations.

The 2018 Budget requests $20 million for SIGTARP, a reduction of 50 percent from the 2017 annualized CR level. Less than 1 percent of TARP investments remain outstanding, the application periods for the Federal Housing Administration Refinance program and Making Home Affordable initiative have ended, and nearly 80 percent of Housing Finance Agency Hardest Hit Fund disbursements have occurred.


Identification code 020–0133–0–1–376		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	16	22	12
11.3	Other than full-time permanent	1	2	1
11.5	Other personnel compensation	2	2	1

11.9	Total personnel compensation	19	26	14
12.1	Civilian personnel benefits	6	8	5
21.0	Travel and transportation of persons	1	1	1
25.1	Advisory and assistance services	3	3	1
25.3	Other goods and services from Federal sources	11	8	11

99.0	Direct obligations	40	46	32
99.5	Adjustment for rounding	1		1

99.9	Total new obligations, unexpired accounts	41	46	33


Identification code 020–0133–0–1–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	137	192	100


Identification code 020–0141–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0709	Administrative expenses	6	12	13

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	7	13	13
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1	–1

1260	Appropriations, mandatory (total)	6	12	13
1930	Total budgetary resources available	6	12	13

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	22	16	16
3001	Adjustments to unpaid obligations, brought forward, Oct 1	–4
3010	New obligations, unexpired accounts	6	12	13
3020	Outlays (gross)	–8	–12	–12

3050	Unpaid obligations, end of year	16	16	17
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	18	16	16
3200	Obligated balance, end of year	16	16	17

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	6	12	13
	Outlays, gross:
4100	Outlays from new mandatory authority	4	10	10
4101	Outlays from mandatory balances	4	2	2

4110	Outlays, gross (total)	8	12	12
4180	Budget authority, net (total)	6	12	13
4190	Outlays, net (total)	8	12	12

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


Identification code 020–0141–0–1–376		2016 actual	2017 est.	2018 est.

	Direct loan reestimates:
135001	Small Business Lending Fund Investments	–44	–25

	Administrative expense data:
3510	Budget authority	6	13	14
3580	Outlays from balances	4	2	2
3590	Outlays from new authority	4	10	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.

In total, the SBLF provided $4.0 billion to 332 community banks and CDLFs in 2011.


Identification code 020–0141–0–1–376		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	1	1
25.1	Advisory and assistance services		2	2
25.2	Other services from non-Federal sources	1	6	6
25.3	Other goods and services from Federal sources	3	3	3

99.0	Direct obligations	5	12	12
99.5	Adjustment for rounding	1		1

99.9	Total new obligations, unexpired accounts	6	12	13


Identification code 020–0141–0–1–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	11	7	8


Identification code 020–4349–0–3–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	31	9	7
0742	Downward reestimates paid to receipt accounts	40	22
0743	Interest on downward reestimates	4	3

0900	Total new obligations, unexpired accounts	75	34	7

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	109	33	11
1023	Unobligated balances applied to repay debt	–109

1050	Unobligated balance (total)		33	11
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,999	122	88
1825	Spending authority from offsetting collections applied to repay debt	–1,891	–110	–85

1850	Spending auth from offsetting collections, mand (total)	108	12	3
1930	Total budgetary resources available	108	45	14
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	33	11	7

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	75	34	7
3020	Outlays (gross)	–75	–34	–7

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	108	12	3
	Financing disbursements:
4110	Outlays, gross (total)	75	34	7
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4122	Interest on uninvested funds	–15	–2	–2
4123	Non-Federal sources - Principal	–1,954	–96	–67
4123	Non-Federal sources - Dividends	–30	–24	–19

4130	Offsets against gross budget authority and outlays (total)	–1,999	–122	–88

4160	Budget authority, net (mandatory)	–1,891	–110	–85
4170	Outlays, net (mandatory)	–1,924	–88	–81
4180	Budget authority, net (total)	–1,891	–110	–85
4190	Outlays, net (total)	–1,924	–88	–81


Identification code 020–4349–0–3–376		2016 actual	2017 est.	2018 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	2,363	409	313
1251	Repayments: Repayments and prepayments	–1,954	–96	–67

1290	Outstanding, end of year	409	313	246


Identification code 020–4349–0–3–376		2015 actual	2016 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	109	33
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	2,363	409
1405	Allowance for subsidy cost (-)	–10	20

1499	Net present value of assets related to direct loans	2,353	429

1999	Total assets	2,462	462
	LIABILITIES:
2103	Federal liabilities: Debt	2,462	462

4999	Total liabilities and net position	2,462	462


Identification code 020–0142–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Administrative Costs	6	7
0002	SSBCI Direct program activity		6

0900	Total new obligations, unexpired accounts	6	13

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	15	14	1
1021	Recoveries of prior year unpaid obligations	5

1050	Unobligated balance (total)	20	14	1
1930	Total budgetary resources available	20	14	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	14	1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	104	46	15
3010	New obligations, unexpired accounts	6	13
3020	Outlays (gross)	–59	–44	–7
3040	Recoveries of prior year unpaid obligations, unexpired	–5

3050	Unpaid obligations, end of year	46	15	8
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	104	46	15
3200	Obligated balance, end of year	46	15	8

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	59	44	7
4180	Budget authority, net (total)
4190	Outlays, net (total)	59	44	7

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 support state programs that leverage private lending and investing to help finance small businesses and manufacturers.

SSBCI expires September 27, 2017, at which point states will retain any funds transferred by Treasury.


Identification code 020–0142–0–1–376		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	1
25.1	Advisory and assistance services	2	1
25.3	Other goods and services from Federal sources	2	4
41.0	Grants, subsidies, and contributions		6

99.0	Direct obligations	5	12
99.5	Adjustment for rounding	1	1

99.9	Total new obligations, unexpired accounts	6	13


Identification code 020–0142–0–1–376		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	10	9


Identification code 020–0125–0–1–371		2016 actual	2017 est.	2018 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	258,050	258,050	258,050
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
4180	Budget authority, net (total)
4190	Outlays, net (total)

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 provide up to $100 billion 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 combined 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 March 31, 2017, the GSEs have paid $265.8 billion in dividend payments to Treasury on the senior preferred stock.


Identification code 020–0126–0–1–371		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0010	Financial Agent Services	2	3	2

0900	Total new obligations, unexpired accounts (object class 25.2)	2	3	2

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1221	Appropriations transferred from other acct [020–1802]	3	3	2
1930	Total budgetary resources available	3	3	2
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	2	3	2
3020	Outlays (gross)	–2	–3	–2

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	3	3	2
	Outlays, gross:
4100	Outlays from new mandatory authority	1	3	2
4101	Outlays from mandatory balances	1

4110	Outlays, gross (total)	2	3	2
4180	Budget authority, net (total)	3	3	2
4190	Outlays, net (total)	2	3	2

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


Identification code 020–0126–0–1–371		2016 actual	2017 est.	2018 est.

	Direct loan reestimates:
135002	New Issue Bond Program SF	–15	–36
135003	New Issue Bond Program MF	–1	–2

135999	Total direct loan reestimates	–16	–38

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 provided HFAs with credit and liquidity facilities supporting up to $8.2 billion in existing HFA bonds, and temporarily replaced 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. In July 2015, the last participating HFA received alternative liquidity facilities from private sector banks, resulting in the closure of the TCLP.

Under the New Issue 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 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 as amended, 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 020–4272–0–3–371		2015 actual	2016 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

4999	Total liabilities and net position	705	705


Identification code 020–4298–0–3–371		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	254	223	206
0742	Downward reestimates paid to receipt accounts	13	30
0743	Interest on downward reestimates	3	9

0900	Total new obligations, unexpired accounts	270	262	206

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	125	340	339
1023	Unobligated balances applied to repay debt	–125

1050	Unobligated balance (total)		340	339
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	17
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,493	655	474
1825	Spending authority from offsetting collections applied to repay debt	–900	–394	–269

1850	Spending auth from offsetting collections, mand (total)	593	261	205
1900	Budget authority (total)	610	261	205
1930	Total budgetary resources available	610	601	544
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	340	339	338

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			1
3010	New obligations, unexpired accounts	270	262	206
3020	Outlays (gross)	–270	–261	–206

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

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	610	261	205
	Financing disbursements:
4110	Outlays, gross (total)	270	261	206
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4122	Interest on uninvested funds	–5	–12	–7
4123	Non-Federal sources - Interest	–212	–171	–159
4123	Non-Federal sources - Principal	–1,275	–472	–307
4123	Non-Federal sources - Other	–1		–1

4130	Offsets against gross budget authority and outlays (total)	–1,493	–655	–474

4160	Budget authority, net (mandatory)	–883	–394	–269
4170	Outlays, net (mandatory)	–1,223	–394	–268
4180	Budget authority, net (total)	–883	–394	–269
4190	Outlays, net (total)	–1,223	–394	–268


Identification code 020–4298–0–3–371		2016 actual	2017 est.	2018 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	7,783	6,508	6,036
1251	Repayments: Repayments and prepayments	–1,275	–472	–307

1290	Outstanding, end of year	6,508	6,036	5,729


Identification code 020–4298–0–3–371		2015 actual	2016 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	125	340
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	7,783	6,508
1405	Allowance for subsidy cost (-)	–865	–791

1499	Net present value of assets related to direct loans	6,918	5,717

1999	Total assets	7,043	6,057
	LIABILITIES:
2103	Federal liabilities: Debt	7,043	6,057

4999	Total liabilities and net position	7,043	6,057

Trust Funds


Identification code 020–8524–0–7–451		2016 actual	2017 est.	2018 est.

0100	Balance, start of year		7	8
	Receipts:
	Current law:
1130	Affordable Housing Allocation, Capital Magnet Fund	100	119	119
	Proposed:
1230	Affordable Housing Allocation, Capital Magnet Fund			–119

1999	Total receipts	100	119

2000	Total: Balances and receipts	100	126	8
	Appropriations:
	Current law:
2101	Capital Magnet Fund, Community Development Financial Institutions	–100	–119	–119
2103	Capital Magnet Fund, Community Development Financial Institutions		–7	–8
2132	Capital Magnet Fund, Community Development Financial Institutions	7	8

2199	Total current law appropriations	–93	–118	–127
	Proposed:
2201	Capital Magnet Fund, Community Development Financial Institutions			119

2999	Total appropriations	–93	–118	–8

5099	Balance, end of year	7	8


Identification code 020–8524–0–7–451		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	CDFI Allocations	91		124
0002	CMF Administration		2	1

0900	Total new obligations	91	2	125

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		2	118
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	100	119	119
1203	Appropriation (previously unavailable)		7	8
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–7	–8

1260	Appropriations, mandatory (total)	93	118	127
1930	Total budgetary resources available	93	120	245
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	118	120

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		91
3010	New obligations, unexpired accounts	91	2	125
3020	Outlays (gross)		–93	–121

3050	Unpaid obligations, end of year	91		4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		91
3200	Obligated balance, end of year	91		4

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	93	118	127
	Outlays, gross:
4100	Outlays from new mandatory authority		2	3
4101	Outlays from mandatory balances		91	118

4110	Outlays, gross (total)		93	121
4180	Budget authority, net (total)	93	118	127
4190	Outlays, net (total)		93	121


		2016 actual	2017 est.	2018 est.

Enacted/requested:
	Budget Authority	93	118	127
	Outlays		93	121
Legislative proposal, subject to PAYGO:
	Budget Authority			–119
	Outlays			–2
Total:
	Budget Authority	93	118	8
	Outlays		93	119

The purpose of the Capital Magnet Fund (CMF) is to provide financial assistance grants to Community Development Financial Institutions (CDFIs) and qualified nonprofit housing providers that would be leveraged to attract other financing sources for affordable housing and related economic development activities. The CMF was established by the Housing and Economic Recovery Act of 2008 (HERA) (PL 110–289). HERA directs Fannie Mae and Freddie Mac to set aside in each fiscal year 4.2 basis points of each dollar of the unpaid principal balance of new business purchases to be allocated to the CMF and the Housing Trust Fund. The Federal Housing Finance Agency (FHFA), as regulator for Fannie Mae and Freddie Mac, suspended these assessments in November 2008. In December 2014, the FHFA directed Fannie Mae and Freddie Mac to begin allocating funds to the CMF, and in September 2016 the CDFI Fund awarded 32 organizations $92 million in CMF grants. The 2018 Budget includes a legislative proposal to eliminate new funding for CMF effective in 2018.


Identification code 020–8524–0–7–451		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent		1	1
25.1	Advisory and assistance services		1
41.0	Grants, subsidies, and contributions	91		124

99.9	Total new obligations, unexpired accounts	91	2	125


Identification code 020–8524–0–7–451		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment		7	6


Identification code 020–8524–4–7–451		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	CDFI Allocations			–6

0900	Total new obligations (object class 41.0)			–6

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)			–119
1930	Total budgetary resources available			–119
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			–113

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–6
3020	Outlays (gross)			2

3050	Unpaid obligations, end of year			–4
	Memorandum (non-add) entries:
3200	Obligated balance, end of year			–4

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–119
	Outlays, gross:
4100	Outlays from new mandatory authority			–2
4180	Budget authority, net (total)			–119
4190	Outlays, net (total)			–2


Identification code 020–8790–0–7–803		2016 actual	2017 est.	2018 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
4180	Budget authority, net (total)
4190	Outlays, net (total)

	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. 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 $10,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $112,764,000, of which not to exceed $34,335,000 shall remain available until September 30, 2020.


Identification code 020–0173–0–1–751		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	BSA administration and Analysis	112	113	113
0801	Reimbursable program activity	2	3	3

0900	Total new obligations, unexpired accounts	114	116	116

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	42	43	42
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	113	113	113
	Spending authority from offsetting collections, discretionary:
1700	Collected		2	2
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	2	2	2
1900	Budget authority (total)	115	115	115
1930	Total budgetary resources available	157	158	157
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	43	42	41

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	46	48	38
3010	New obligations, unexpired accounts	114	116	116
3011	Obligations ("upward adjustments"), expired accounts	1
3020	Outlays (gross)	–110	–126	–122
3041	Recoveries of prior year unpaid obligations, expired	–3

3050	Unpaid obligations, end of year	48	38	32
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1		–2	–2
3070	Change in uncollected pymts, Fed sources, unexpired	–2

3090	Uncollected pymts, Fed sources, end of year	–2	–2	–2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	46	46	36
3200	Obligated balance, end of year	46	36	30

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	115	115	115
	Outlays, gross:
4010	Outlays from new discretionary authority	60	87	87
4011	Outlays from discretionary balances	50	39	35

4020	Outlays, gross (total)	110	126	122
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources		–2	–2
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–2

4060	Additional offsets against budget authority only (total)	–2

4070	Budget authority, net (discretionary)	113	113	113
4080	Outlays, net (discretionary)	110	124	120
4180	Budget authority, net (total)	113	113	113
4190	Outlays, net (total)	110	124	120

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 020–0173–0–1–751		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	33	42	42
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	34	43	43
12.1	Civilian personnel benefits	11	12	12
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA	2	4	4
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	28	16	16
25.3	Other goods and services from Federal sources	10	10	10
25.7	Operation and maintenance of equipment	16	18	18
31.0	Equipment	7	6	6

99.0	Direct obligations	112	113	113
99.0	Reimbursable obligations	2	3	3

99.9	Total new obligations, unexpired accounts	114	116	116


Identification code 020–0173–0–1–751		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	278	338	332
2001	Reimbursable civilian full-time equivalent employment	1	1	1

Federal Funds

For necessary expenses of operations of the Bureau of the Fiscal Service, $330,837,000; of which not to exceed $4,210,000, to remain available until September 30, 2020, is for information systems modernization initiatives; 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.


Identification code 020–0520–0–1–803		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	8	1	11
0198	Rounding adjustment	1

0199	Balance, start of year	9	1	11
	Receipts:
	Current law:
1130	Debt Collection, Non-federal Receipts	131	157	182
1140	Debt Collection Improvement Fund, Federal Receipts	23	25	26

1199	Total current law receipts	154	182	208

1999	Total receipts	154	182	208

2000	Total: Balances and receipts	163	183	219
	Appropriations:
	Current law:
2101	Salaries and Expenses	–163	–172	–175
2103	Salaries and Expenses	–1	–1	–1
2132	Salaries and Expenses	1	1

2199	Total current law appropriations	–163	–172	–176

2999	Total appropriations	–163	–172	–176
5098	Rounding adjustment	1

5099	Balance, end of year	1	11	43


Identification code 020–0520–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Collections	37	40	36
0002	Debt Collection	160	172	175
0005	Accounting and Reporting	114	114	100
0006	Payments	128	124	112
0007	Retail Securities Services	71	71	69
0009	Wholesale Securities Services	14	14	14

0799	Total direct obligations	524	535	506
0801	Salaries and Expenses (Reimbursable)	191	199	203

0900	Total new obligations, unexpired accounts	715	734	709

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	109	87	87
1001	Discretionary unobligated balance brought fwd, Oct 1	17	17
1012	Unobligated balance transfers between expired and unexpired accounts	1

1050	Unobligated balance (total)	110	87	87
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	364	363	331
	Appropriations, mandatory:
1201	Special Fund 20–5445	163	172	175
1203	Appropriation (previously unavailable)	1	1	1
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1	–1
1235	Capital transfer of appropriations to general fund	–22

1260	Appropriations, mandatory (total)	141	172	176
	Spending authority from offsetting collections, discretionary:
1700	Collected	156	199	203
1701	Change in uncollected payments, Federal sources	34

1750	Spending auth from offsetting collections, disc (total)	190	199	203
1900	Budget authority (total)	695	734	710
1930	Total budgetary resources available	805	821	797
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	87	87	88
	Special and non-revolving trust funds:
1951	Unobligated balance expiring	2
1952	Expired unobligated balance, start of year	13
1953	Expired unobligated balance, end of year	15

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	90	110	214
3010	New obligations, unexpired accounts	715	734	709
3011	Obligations ("upward adjustments"), expired accounts	6
3020	Outlays (gross)	–687	–630	–706
3041	Recoveries of prior year unpaid obligations, expired	–14

3050	Unpaid obligations, end of year	110	214	217
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–25	–38	–38
3070	Change in uncollected pymts, Fed sources, unexpired	–34
3071	Change in uncollected pymts, Fed sources, expired	21

3090	Uncollected pymts, Fed sources, end of year	–38	–38	–38
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	65	72	176
3200	Obligated balance, end of year	72	176	179

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	554	562	534
	Outlays, gross:
4010	Outlays from new discretionary authority	485	466	445
4011	Outlays from discretionary balances	46	79	95

4020	Outlays, gross (total)	531	545	540
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–178	–199	–203

4040	Offsets against gross budget authority and outlays (total)	–178	–199	–203
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–34
4052	Offsetting collections credited to expired accounts	22

4060	Additional offsets against budget authority only (total)	–12

4070	Budget authority, net (discretionary)	364	363	331
4080	Outlays, net (discretionary)	353	346	337
	Mandatory:
4090	Budget authority, gross	141	172	176
	Outlays, gross:
4100	Outlays from new mandatory authority	56	10	10
4101	Outlays from mandatory balances	100	75	156

4110	Outlays, gross (total)	156	85	166
4180	Budget authority, net (total)	505	535	507
4190	Outlays, net (total)	509	431	503

The mission of the Fiscal Service is to promote the financial integrity and operational efficiency of the U.S. Government through exceptional accounting, financing, 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 disbursing Federal Government payments; collecting receipts and 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.

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. The Budget also provides resources to support the Bureau's government-wide leadership role in spending transparency including necessary technology upgrades as well as continued support for execution of the Digital Accountability and Transparency Act of 2014.


Identification code 020–0520–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	163	175	175
11.3	Other than full-time permanent		2	2
11.5	Other personnel compensation	4	6	6
11.8	Special personal services payments		24	24

11.9	Total personnel compensation	167	207	207
12.1	Civilian personnel benefits	56	60	60
21.0	Travel and transportation of persons	3	3	3
23.1	Rental payments to GSA	30	27	28
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges	9	10	10
25.1	Advisory and assistance services	30	27	18
25.2	Other services from non-Federal sources	28	28	19
25.3	Other goods and services from Federal sources	172	149	142
25.4	Operation and maintenance of facilities	2	2	2
25.7	Operation and maintenance of equipment	6	6	6
26.0	Supplies and materials	3	3	3
31.0	Equipment	14	11	6
32.0	Land and structures	1	1	1

99.0	Direct obligations	522	535	506
99.0	Reimbursable obligations	191	199	203
99.5	Adjustment for rounding	2

99.9	Total new obligations, unexpired accounts	715	734	709


Identification code 020–0520–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	1,845	2,110	2,097
2001	Reimbursable civilian full-time equivalent employment	199	10	10


Identification code 020–0562–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Reimbursements to Federal Reserve Banks (Direct)	134	148	149

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	5
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	129	148	149
1930	Total budgetary resources available	134	148	149

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	35	37	37
3010	New obligations, unexpired accounts	134	148	149
3020	Outlays (gross)	–127	–148	–149
3040	Recoveries of prior year unpaid obligations, unexpired	–5

3050	Unpaid obligations, end of year	37	37	37
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	35	37	37
3200	Obligated balance, end of year	37	37	37

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	129	148	149
	Outlays, gross:
4100	Outlays from new mandatory authority	92	111	112
4101	Outlays from mandatory balances	35	37	37

4110	Outlays, gross (total)	127	148	149
4180	Budget authority, net (total)	129	148	149
4190	Outlays, net (total)	127	148	149

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 020–0562–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
25.1	Advisory and assistance services	3
25.3	Other goods and services from Federal sources	131	148	149

99.9	Total new obligations, unexpired accounts	134	148	149


Identification code 020–1851–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment to the Resolution Funding Corporation (Direct)	2,628	2,628	2,628

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

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,628	2,628	2,628
1930	Total budgetary resources available	2,628	2,628	2,628

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2,628	2,628	2,628
3020	Outlays (gross)	–2,628	–2,628	–2,628

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2,628	2,628	2,628
	Outlays, gross:
4100	Outlays from new mandatory authority	2,628	2,628	2,628
4180	Budget authority, net (total)	2,628	2,628	2,628
4190	Outlays, net (total)	2,628	2,628	2,628

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

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


Identification code 020–5581–0–2–371		2016 actual	2017 est.	2018 est.

0100	Balance, start of year		7	7
	Receipts:
	Current law:
1110	GSE Assessments, Hope Reserve Fund	96	114

2000	Total: Balances and receipts	96	121	7
	Appropriations:
	Current law:
2101	Hope Reserve Fund	–95	–114
2132	Hope Reserve Fund	6

2199	Total current law appropriations	–89	–114

2999	Total appropriations	–89	–114

5099	Balance, end of year	7	7	7


Identification code 020–5581–0–2–371		2016 actual	2017 est.	2018 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		50	164
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	95	114
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–6
1235	Capital transfer of appropriations to general fund	–39

1260	Appropriations, mandatory (total)	50	114
1930	Total budgetary resources available	50	164	164
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	50	164	164

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	50	114
4180	Budget authority, net (total)	50	114
4190	Outlays, net (total)

The HOPE Reserve Fund was authorized by section 1337(e) of the Housing and Economic Recovery Act of 2008 (HERA, P.L. 110–289), which directed the account be funded from assessments on Fannie Mae and Freddie Mac.


Identification code 020–1884–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Federal Reserve Bank services	527	580	586

0900	Total new obligations (object class 25.2)	527	580	586

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	31
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	496	580	586
1930	Total budgetary resources available	527	580	586

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	126	150	145
3010	New obligations, unexpired accounts	527	580	586
3020	Outlays (gross)	–472	–585	–584
3040	Recoveries of prior year unpaid obligations, unexpired	–31

3050	Unpaid obligations, end of year	150	145	147
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	126	150	145
3200	Obligated balance, end of year	150	145	147

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	496	580	586
	Outlays, gross:
4100	Outlays from new mandatory authority	346	435	439
4101	Outlays from mandatory balances	126	150	145

4110	Outlays, gross (total)	472	585	584
4180	Budget authority, net (total)	496	580	586
4190	Outlays, net (total)	472	585	584

This Fund was established by the Treasury and General Government Appropriations Act, 1998, Title I (P.L. 105–61, 111 Stat. 1276) as a permanent, indefinite appropriation to reimburse Federal Reserve Banks for services provided in their capacity as depositaries and fiscal agents for the United States.


Identification code 020–1710–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment of Government Losses in Shipment (Direct)	1	1	1

0900	Total new obligations (object class 42.0)	1	1	1

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1	1	1
1930	Total budgetary resources available	1	1	1

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

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

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


Identification code 020–1802–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Financial agent services	731	792	800

0900	Total new obligations (object class 25.2)	731	792	800

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		1	1
1021	Recoveries of prior year unpaid obligations	6

1050	Unobligated balance (total)	6	1	1
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	729	795	802
1220	Appropriations transferred to other accts [020–0126]	–3	–3	–2

1260	Appropriations, mandatory (total)	726	792	800
1930	Total budgetary resources available	732	793	801
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	50	63	69
3010	New obligations, unexpired accounts	731	792	800
3020	Outlays (gross)	–712	–786	–799
3040	Recoveries of prior year unpaid obligations, unexpired	–6

3050	Unpaid obligations, end of year	63	69	70
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	50	63	69
3200	Obligated balance, end of year	63	69	70

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	726	792	800
	Outlays, gross:
4100	Outlays from new mandatory authority	662	723	730
4101	Outlays from mandatory balances	50	63	69

4110	Outlays, gross (total)	712	786	799
4180	Budget authority, net (total)	726	792	800
4190	Outlays, net (total)	712	786	799

This permanent, indefinite appropriation was established to reimburse financial institutions for the services they provide as depositaries and financial agents of the Federal Government. The services include the acceptance and processing of deposits of public money, as well as services essential to the disbursement of, and accounting for, public monies. The services provided are authorized under numerous statutes including, but not limited to, 12 U.S.C. 90 and 265. This permanent, indefinite appropriation is authorized by P.L. 108–100, the "Check Clearing for the 21st Century Act,'' and permanently appropriated by P.L. 108–199, the "Consolidated Appropriations Act of 2004.'' Additionally, financial agent administrative and financial analysis costs for the Government Sponsored Enterprise Mortgage Backed Securities Purchase Program and State Housing Finance Agency program are reimbursed from this account.


Identification code 020–1860–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Interest of uninvested funds	3	12	12

0900	Total new obligations (object class 43.0)	3	12	12

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3	12	12
1930	Total budgetary resources available	3	12	12

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	71	58
3010	New obligations, unexpired accounts	3	12	12
3020	Outlays (gross)	–16	–70	–12

3050	Unpaid obligations, end of year	58
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	71	58
3200	Obligated balance, end of year	58

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3	12	12
	Outlays, gross:
4100	Outlays from new mandatory authority		12	12
4101	Outlays from mandatory balances	16	58

4110	Outlays, gross (total)	16	70	12
4180	Budget authority, net (total)	3	12	12
4190	Outlays, net (total)	16	70	12

This account was established for the purpose of paying interest on certain uninvested funds placed in trust in the Treasury in accordance with various statutes (31 U.S.C. 1321; 2 U.S.C. 158 (P.L. 94–289); 20 U.S.C. 74a (P.L. 94–418) and 101; 24 U.S.C. 46 (P.L. 94–290); and 69 Stat. 533).


Identification code 020–1877–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Federal interest liabilities to States		1	1

0900	Total new obligations (object class 25.2)		1	1

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		1	1
1930	Total budgetary resources available		1	1

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

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

Pursuant to the Cash Management Improvement Act (P.L. 101–453, 104 Stat. 1058) as amended (P.L. 102–589, 106 Stat. 5133), and Treasury regulations codified at 31 CFR Part 205, under certain circumstances, interest is paid when Federal funds are not transferred to states in a timely manner.


Identification code 020–1880–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Interest paid to credit financing accounts	7,377	10,608	11,152

0900	Total new obligations (object class 43.0)	7,377	10,608	11,152

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	7,377	10,608	11,152
1930	Total budgetary resources available	7,377	10,608	11,152

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		13
3010	New obligations, unexpired accounts	7,377	10,608	11,152
3020	Outlays (gross)	–7,364	–10,621	–11,152

3050	Unpaid obligations, end of year	13
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		13
3200	Obligated balance, end of year	13

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	7,377	10,608	11,152
	Outlays, gross:
4100	Outlays from new mandatory authority	7,364	10,608	11,152
4101	Outlays from mandatory balances		13

4110	Outlays, gross (total)	7,364	10,621	11,152
4180	Budget authority, net (total)	7,377	10,608	11,152
4190	Outlays, net (total)	7,364	10,621	11,152

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


Identification code 020–1895–0–1–808		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Claims for damages	4	2	2
0003	Claims for contract disputes	1,220	240	240

0091	Total claims adjudicated administratively	1,224	242	242
0101	Judgments, Court of Claims	1,756	1,437	1,437
0102	Judgments, U.S. courts	1,815	576	576

0191	Total court judgments	3,571	2,013	2,013

0900	Total new obligations (object class 42.0)	4,795	2,255	2,255

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	4,795	2,255	2,255
1930	Total budgetary resources available	4,795	2,255	2,255

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	235	693
3010	New obligations, unexpired accounts	4,795	2,255	2,255
3020	Outlays (gross)	–4,337	–2,948	–2,255

3050	Unpaid obligations, end of year	693
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	235	693
3200	Obligated balance, end of year	693

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	4,795	2,255	2,255
	Outlays, gross:
4100	Outlays from new mandatory authority	4,102	2,255	2,255
4101	Outlays from mandatory balances	235	693

4110	Outlays, gross (total)	4,337	2,948	2,255
4180	Budget authority, net (total)	4,795	2,255	2,255
4190	Outlays, net (total)	4,337	2,948	2,255

Funds are made available for cases in which the Federal Government is found by courts to be liable for payment of claims and interest for damages not chargeable to appropriations of individual agencies, and for payment of private and public relief acts. P. L. 95–26 authorized a permanent, indefinite appropriation to pay certain judgments from the General Fund of the Treasury.


Identification code 020–1875–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Restitution of Forgone Interest (Direct)	2,687

0900	Total new obligations (object class 43.0)	2,687

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2,687
1930	Total budgetary resources available	2,687

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2,687
3020	Outlays (gross)	–2,687

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	2,687
	Outlays, gross:
4100	Outlays from new mandatory authority	2,687
4180	Budget authority, net (total)	2,687
4190	Outlays, net (total)	2,687

This account provides funds for the payment of interest on investments in Treasury securities that the Secretary of the Treasury has suspended or redeemed. The Secretary is permitted to take such action when Treasury is constrained by the statutory debt limit and must take extraordinary measures to avoid defaulting. Treasury is required to restore all due interest and principal to the respective investments.


Identification code 020–5688–0–2–376		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	6	3	13
	Receipts:
	Current law:
1110	Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset	50	50	50

2000	Total: Balances and receipts	56	53	63
	Appropriations:
	Current law:
2101	Continued Dumping and Subsidy Offset	–50	–40	–40
2103	Continued Dumping and Subsidy Offset	–6	–3
2132	Continued Dumping and Subsidy Offset	3	3

2199	Total current law appropriations	–53	–40	–40

2999	Total appropriations	–53	–40	–40

5099	Balance, end of year	3	13	23


Identification code 020–5688–0–2–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Continued dumping and subsidy offset	116	43	40

0900	Total new obligations (object class 41.0)	116	43	40

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	205	142	139
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	50	40	40
1203	Appropriation (previously unavailable)	6	3
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–3	–3

1260	Appropriations, mandatory (total)	53	40	40
1930	Total budgetary resources available	258	182	179
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	142	139	139

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	116	43	40
3020	Outlays (gross)	–116	–43	–40

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	53	40	40
	Outlays, gross:
4100	Outlays from new mandatory authority		40	40
4101	Outlays from mandatory balances	116	3

4110	Outlays, gross (total)	116	43	40
4180	Budget authority, net (total)	53	40	40
4190	Outlays, net (total)	116	43	40

The Bureau of Customs and Border Protection, Department of Homeland Security, collects duties assessed pursuant to a countervailing duty order, an antidumping duty order, or a finding under the Antidumping Act of 1921. Under a provision enacted in 2000, the Bureau of Customs and Border Protection, through the Treasury, distributes these duties to affected domestic producers. These distributions provide an additional subsidy to producers that already gain protection from the increased import prices including tariffs. The authority to distribute assessments on entries made after October 1, 2007, has been repealed. Assessments on entries made before October 1, 2007, will be disbursed as if the authority had not been repealed. Assessments collected on eligible entries are to be disbursed within 60 days of the end of the fiscal year in which they were collected.


Identification code 020–4109–0–3–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0801	Check Forgery Insurance Fund (Reimbursable)	10	10	10

0900	Total new obligations (object class 42.0)	10	10	10

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	3	2	2
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	9	10	10
1930	Total budgetary resources available	12	12	12
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	2	2

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		1	1
3010	New obligations, unexpired accounts	10	10	10
3020	Outlays (gross)	–9	–10	–10

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	9	10	10
	Outlays, gross:
4100	Outlays from new mandatory authority	6	9	9
4101	Outlays from mandatory balances	3	1	1

4110	Outlays, gross (total)	9	10	10
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–9	–10	–10
4180	Budget authority, net (total)
4190	Outlays, net (total)

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

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

P.L. 108–447 expanded the use of the Fund to include payments made via electronic funds transfer. A technical correction to the Fund's statutes to ensure and clarify that the Fund can be utilized as a funding source for relief of administrative disbursing errors was enacted by P.L. 110–161, Division D, section 119.

Trust Funds


Identification code 020–8209–0–7–306		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	60	60	60
	Receipts:
	Current law:
1140	Earnings on Investments, Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund	1	1	1

2000	Total: Balances and receipts	61	61	61
	Appropriations:
	Current law:
2101	Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund	–1	–1	–1

5099	Balance, end of year	60	60	60


Identification code 020–8209–0–7–306		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restorat (Direct)	2	2	1

0900	Total new obligations (object class 43.0)	2	2	1

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2	1
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	1	1	1
1930	Total budgetary resources available	3	2	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2	2	1
3020	Outlays (gross)	–2	–2	–1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1	1	1
	Outlays, gross:
4100	Outlays from new mandatory authority		1	1
4101	Outlays from mandatory balances	2	1

4110	Outlays, gross (total)	2	2	1
4180	Budget authority, net (total)	1	1	1
4190	Outlays, net (total)	2	2	1

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	62	61	62
5001	Total investments, EOY: Federal securities: Par value	61	62	63

This schedule reflects the payments made to the Cheyenne River Sioux Tribe Terrestrial Wildlife Restoration Trust Fund and the Lower Brule Sioux Tribe Terrestrial Wildlife Restoration Trust Fund. Pursuant to section 604(b) of the Water Resources Development Act of 1999 (P.L. 106–53), after the funds were fully capitalized by deposits from the General Fund of the Treasury, interest earned became available to the Tribes to carry out the purposes of the Funds. Full capitalization occurred in 2010; therefore no additional deposits will be provided by the General Fund of the Treasury. The Tribes are only able to draw down on interest earned investments.


Identification code 020–8625–0–7–452		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	13	10	22
	Receipts:
	Current law:
1110	Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund	128	303	152
1140	Earnings on Investments, Gulf Coast Restoration Trust Fund	2	4	4

1199	Total current law receipts	130	307	156

1999	Total receipts	130	307	156

2000	Total: Balances and receipts	143	317	178
	Appropriations:
	Current law:
2101	Gulf Coast Restoration Trust Fund	–130	–307	–156
2103	Gulf Coast Restoration Trust Fund	–12	–9	–21
2132	Gulf Coast Restoration Trust Fund	9	21

2199	Total current law appropriations	–133	–295	–177

2999	Total appropriations	–133	–295	–177

5099	Balance, end of year	10	22	1


Identification code 020–8625–0–7–452		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Direct Component	19	79	13
0002	Comprehensive Plan Component	5	155	5
0003	Oil Spill Restoration Impact Component	6	127	37
0004	NOAA RESTORE Act Science Program	1	6	6
0005	Centers of Excellence Research Grants	8

0900	Total new obligations	39	367	61

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	789	883	811
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	130	307	156
1203	Appropriation (previously unavailable)	12	9	21
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–9	–21

1260	Appropriations, mandatory (total)	133	295	177
1900	Budget authority (total)	133	295	177
1930	Total budgetary resources available	922	1,178	988
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	883	811	927

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	9	34	324
3010	New obligations, unexpired accounts	39	367	61
3020	Outlays (gross)	–14	–77	–156

3050	Unpaid obligations, end of year	34	324	229
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	9	34	324
3200	Obligated balance, end of year	34	324	229

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	133	295	177
	Outlays, gross:
4100	Outlays from new mandatory authority		58	61
4101	Outlays from mandatory balances	14	19	95

4110	Outlays, gross (total)	14	77	156
4180	Budget authority, net (total)	133	295	177
4190	Outlays, net (total)	14	77	156

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	810	927	927
5001	Total investments, EOY: Federal securities: Par value	927	927	927

This fund was established by the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act). It will receive 80 percent of the civil and administrative penalties collected after July 6, 2012, from parties responsible for the Deepwater Horizon oil spill. Funding will be used by Federal, state, and local governments for activities to restore and protect the ecosystems and economy of the Gulf Coast region, research and monitoring, and related oversight and management responsibilities. The current estimates represent known settlement amounts; additional funds may become available through future court judgments or settlements.


Identification code 020–8625–0–7–452		2016 actual	2017 est.	2018 est.

	Direct obligations:
41.0	Grants, subsidies, and contributions	27	79	12
94.0	Financial transfers	12	288	49

99.9	Total new obligations, unexpired accounts	39	367	61

Federal Funds


Identification code 020–4521–0–4–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0801	Administrative Expenses	10	11	12
0802	Interest on borrowings from Treasury	1,307	1,336	1,616
0803	Interest on borrowings from CRSDF	484	401	340

0900	Total new obligations, unexpired accounts	1,801	1,748	1,968

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,353	598	804
1023	Unobligated balances applied to repay debt	–859

1050	Unobligated balance (total)	494	598	804
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	2,215	1,954	2,388
1825	Spending authority from offsetting collections applied to repay debt	–310

1850	Spending auth from offsetting collections, mand (total)	1,905	1,954	2,388
1930	Total budgetary resources available	2,399	2,552	3,192
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	598	804	1,224

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	1,801	1,748	1,968
3020	Outlays (gross)	–1,801	–1,748	–1,968

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	1,905	1,954	2,388
	Outlays, gross:
4100	Outlays from new mandatory authority	1,801	1,748	1,968
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–2,215	–1,954	–2,388
4180	Budget authority, net (total)	–310
4190	Outlays, net (total)	–414	–206	–420

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	494

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

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

By law, the FFB receives substantially less interest each year on certain Department of Agriculture loans that it holds than it is contractually entitled to receive. For example, during 2016, as a result of this provision, the FFB received $61 million less than it was contractually entitled to receive. In 2015, the FFB's net inflows were $352 million, while in 2016, FFB's net inflows were $247 million. In addition to its authority to borrow from the Treasury, the FFB has the statutory authority to borrow up to $15 billion from other sources. Any such borrowing is exempt from the statutory ceiling on Federal debt. The FFB used this authority most recently in October 2015.

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


	2016 Actual	2017 Estimate	2018 Estimate

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net	1,663	2,129	2,317
Loans outstanding	43,339	45,468	47,785
B. Department of Education:
1. Historically black colleges and universities:
Lending, net	52	68	103
Loans outstanding	1,436	1,504	1,607
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net	520	876	1,095
Loans outstanding	11,539	12,415	13,510
2. Advanced technology vehicles manufacturing loans:
Lending, net	–650	–650	–470
Loans outstanding	3,860	3,210	2,740
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net	452	715	765
Loans outstanding	554	1,269	2,034
E. Department of Transportation:
1. Railroad Revitalization and Regulatory Reform Act:
Lending, net	.......	.......	.......
Loans outstanding	.......	.......	.......
F. Department of the Treasury:
1. CDFI Fund Bond Guarantee Program:
Lending, net	202	272	352
Loans outstanding	327	599	951
G. Department of Veterans Affairs:
1. Transitional housing for homeless veterans:
Lending, net	.......	.......	.......
Loans outstanding	5	5	5
H. General Services Administration:
1. Federal buildings fund:
Lending, net	.......	.......	.......
Loans outstanding	.......	.......	.......
I. International Assistance Programs:
1. Foreign military sales credit:
Lending, net	.......	.......	.......
Loans outstanding	.......	.......	.......
J. Postal Service:
1. Postal Service fund:
Lending, net	........	.......	.......
Loans outstanding	15,000	15,000	15,000


Total lending:
Lending, net	2,239	3,410	4,162
Loans outstanding	76,060	79,470	83,632


Identification code 020–4521–0–4–803		2016 actual	2017 est.	2018 est.

	Reimbursable obligations:
25.2	Other services from non-Federal sources	10	11	12
43.0	Interest and dividends	1,791	1,737	1,956

99.9	Total new obligations, unexpired accounts	1,801	1,748	1,968

Federal Funds

For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $98,658,000; of which not to exceed $6,000 for official reception and representation expenses; not to exceed $50,000 for cooperative research and development programs for laboratory services; and provision of laboratory assistance to State and local agencies with or without reimbursement.


Identification code 020–1008–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Protect the Public	53	53	50
0002	Collect revenue	53	53	49

0192	Total direct program	106	106	99

0799	Total direct obligations	106	106	99
0801	Protect the Public	3	3	3
0802	Collect Revenue	3	4	4

0899	Total reimbursable obligations	6	7	7

0900	Total new obligations, unexpired accounts	112	113	106

	Budgetary resources:
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	106	106	99
	Spending authority from offsetting collections, discretionary:
1700	Collected	4	7	7
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	6	7	7
1900	Budget authority (total)	112	113	106
1930	Total budgetary resources available	112	113	106

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	21	24	24
3010	New obligations, unexpired accounts	112	113	106
3011	Obligations ("upward adjustments"), expired accounts	2
3020	Outlays (gross)	–110	–113	–107
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	24	24	23
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–2	–2	–2
3070	Change in uncollected pymts, Fed sources, unexpired	–2
3071	Change in uncollected pymts, Fed sources, expired	2

3090	Uncollected pymts, Fed sources, end of year	–2	–2	–2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	19	22	22
3200	Obligated balance, end of year	22	22	21

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	112	113	106
	Outlays, gross:
4010	Outlays from new discretionary authority	92	94	88
4011	Outlays from discretionary balances	18	19	19

4020	Outlays, gross (total)	110	113	107
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–3	–1	–1
4033	Non-Federal sources	–3	–6	–6

4040	Offsets against gross budget authority and outlays (total)	–6	–7	–7
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–2
4052	Offsetting collections credited to expired accounts	2

4070	Budget authority, net (discretionary)	106	106	99
4080	Outlays, net (discretionary)	104	106	100
4180	Budget authority, net (total)	106	106	99
4190	Outlays, net (total)	104	106	100

The Alcohol and Tobacco Tax and Trade Bureau (TTB) enforces various Federal laws and regulations relating to alcohol and tobacco by working directly and in cooperation with other agencies to: (1) provide the most effective and efficient system for the collection of all revenue that is rightfully due, and eliminate or prevent tax evasion and other criminal conduct, (2) prevent consumer deception relating to alcohol beverages, ensure that regulated alcohol and tobacco products comply with various Federal commodity, product integrity, and distribution requirements, and (3) provide high quality customer service while imposing the least regulatory burden.


Identification code 020–1008–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	46	49	47
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	47	50	48
12.1	Civilian personnel benefits	15	15	14
21.0	Travel and transportation of persons	2	2	2
23.1	Rental payments to GSA	4	4	4
23.3	Communications, utilities, and miscellaneous charges	1	2	2
25.1	Advisory and assistance services	12
25.2	Other services from non-Federal sources	12	24	20
25.3	Other goods and services from Federal sources	7	7	7
25.7	Operation and maintenance of equipment	4
31.0	Equipment	2	2	2

99.0	Direct obligations	106	106	99
99.0	Reimbursable obligations	6	7	7

99.9	Total new obligations, unexpired accounts	112	113	106


Identification code 020–1008–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	470	494	456
2001	Reimbursable civilian full-time equivalent employment	10	10	10


Identification code 020–5737–0–2–806		2016 actual	2017 est.	2018 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	Deposits, Internal Revenue Collections for Puerto Rico	417	384	369

2000	Total: Balances and receipts	417	384	369
	Appropriations:
	Current law:
2101	Internal Revenue Collections for Puerto Rico	–417	–384	–369

5099	Balance, end of year


Identification code 020–5737–0–2–806		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Internal revenue collections for Puerto Rico	417	384	369

0900	Total new obligations (object class 41.0)	417	384	369

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	417	384	369
1930	Total budgetary resources available	417	384	369

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	417	384	369
3020	Outlays (gross)	–417	–384	–369

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	417	384	369
	Outlays, gross:
4100	Outlays from new mandatory authority	417	384	369
4180	Budget authority, net (total)	417	384	369
4190	Outlays, net (total)	417	384	369

Excise taxes collected under the Internal Revenue laws of the United States on articles produced in Puerto Rico and transported to the United States are covered-over (paid) to Puerto Rico. (26 U.S.C. 7652(a)). Excise taxes collected on articles produced in the U.S. Virgin Islands and transported to the United States are covered-over to the U.S. Virgin Islands. (26 U.S.C. 7652(b)). Excise taxes collected on rum imported from everywhere other than Puerto Rico or the U.S. Virgin Islands are also covered-over to the treasuries of Puerto Rico and the U.S. Virgin Islands under a formula determined by the Alcohol and Tobacco Tax and Trade Bureau. (26 U.S.C. 7652(e)).

Excise taxes are imposed on rum at the generally applicable distilled spirits rate of $13.50 per proof gallon. (26 U.S.C. 5001(a)(1)). Excise tax collections on imported rum are covered-over to Puerto Rico and the U.S. Virgin Islands under a permanent legislative provision at the lesser of the rate of $10.50 ($13.25 in the case of distilled spirits brought into the United States after June 30, 1999, and before January 1, 2017), or the tax imposed under section 5001(a)(1), on each proof gallon. (26 U.S.C. 7652(f)).

Federal Funds


Identification code 020–4502–0–4–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0801	Currency program	648	806	839

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	101	134	134
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	672	806	839
1701	Change in uncollected payments, Federal sources	9

1750	Spending auth from offsetting collections, disc (total)	681	806	839
1930	Total budgetary resources available	782	940	973
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	134	134	134

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	109	114	3
3010	New obligations, unexpired accounts	648	806	839
3020	Outlays (gross)	–643	–917	–839

3050	Unpaid obligations, end of year	114	3	3
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–42	–51	–51
3070	Change in uncollected pymts, Fed sources, unexpired	–9

3090	Uncollected pymts, Fed sources, end of year	–51	–51	–51
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	67	63	–48
3200	Obligated balance, end of year	63	–48	–48

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	681	806	839
	Outlays, gross:
4010	Outlays from new discretionary authority	596	806	839
4011	Outlays from discretionary balances	47	111

4020	Outlays, gross (total)	643	917	839
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources:		–9
4033	Non-Federal sources	–672	–797	–839

4040	Offsets against gross budget authority and outlays (total)	–672	–806	–839
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–9
4080	Outlays, net (discretionary)	–29	111
4180	Budget authority, net (total)
4190	Outlays, net (total)	–29	111

The mission of the Bureau of Engraving and Printing (BEP) is to develop and produce U.S. currency notes that are trusted worldwide. Additionally, in 2005, the BEP was given legal authority to print currency for foreign countries with approval of the State Department. The operations of the Bureau are financed by a revolving fund established in 1950 in accordance with Public Law 81–656 (31 U.S.C. 181), which requires the Bureau to be reimbursed by customer agencies for all costs of manufacturing products provided and services performed. In 1977, Public Law 95–81 authorized the Bureau to assess customer agencies for amounts necessary to acquire capital equipment and provide for working capital needs.

BEP's strategic goals are to produce U.S. currency that functions flawlessly in commerce; create innovative currency designs to provide effective counterfeit deterrence and meaningful access to currency note usage for all; and achieve organizational excellence and customer satisfaction through balanced investment in people, processes, facilities, and technology. In addition to producing currency notes, activities at the Bureau include engraving plates and dies; manufacturing inks used to print security products; purchasing materials, supplies, and equipment; and storing and delivering products in accordance with the requirements of customers. The Bureau also provides technical assistance and advice to other Federal agencies in the design and production of documents that, because of their innate value or other characteristics, require counterfeit deterrence.

BEP's current Washington, D.C. facility has an aging and outdated infrastructure which drives up costs and adversely impacts quality. The 2018 Budget requests legislative authority to purchase land and construct a new more efficient currency production facility in the National Capital Region. The Federal Reserve Board, which would pay for the replacement of the Washington DC facility, supports this project.


Identification code 020–4502–0–4–803		2016 actual	2017 est.	2018 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	176	178	182
11.5	Other personnel compensation	19	17	17

11.9	Total personnel compensation	195	195	199
12.1	Civilian personnel benefits	51	52	55
21.0	Travel and transportation of persons	1	1	2
23.1	Rental payments to GSA	1	2	2
23.2	Rental payments to others		1	1
23.3	Communications, utilities, and miscellaneous charges	10	14	14
25.1	Advisory and assistance services	2	4	4
25.2	Other services from non-Federal sources	24	71	103
25.4	Operation and maintenance of facilities	8	8	9
25.5	Research and development contracts	7	7	13
25.7	Operation and maintenance of equipment	12	12	12
26.0	Supplies and materials	295	300	280
31.0	Equipment	42	139	145

99.0	Reimbursable obligations	648	806	839

99.9	Total new obligations, unexpired accounts	648	806	839


Identification code 020–4502–0–4–803		2016 actual	2017 est.	2018 est.

2001	Reimbursable civilian full-time equivalent employment	1,818	1,842	1,842

Federal Funds

Pursuant to section 5136 of title 31, United States Code, the United States Mint is provided funding through the United States Mint Public Enterprise Fund for costs associated with the production of circulating coins, numismatic coins, and protective services, including both operating expenses and capital investments: Provided, That the aggregate amount of new liabilities and obligations incurred during fiscal year 2018 under such section 5136 for circulating coinage and protective service capital investments of the United States Mint shall not exceed $30,000,000.


Identification code 020–4159–0–3–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0806	Total Operating	3,247	2,764	2,653
0807	Circulating and Protection Capital	17	30	30
0808	Numismatic Capital	8	12	12

0900	Total new obligations, unexpired accounts	3,272	2,806	2,695

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	705	435	464
1021	Recoveries of prior year unpaid obligations	17	50	50
1022	Capital transfer of unobligated balances to general fund	–61	–30	–30
1033	Recoveries of prior year paid obligations	3

1050	Unobligated balance (total)	664	455	484
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	3,043	2,815	2,695
1930	Total budgetary resources available	3,707	3,270	3,179
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	435	464	484

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	303	293	211
3010	New obligations, unexpired accounts	3,272	2,806	2,695
3020	Outlays (gross)	–3,265	–2,838	–2,708
3040	Recoveries of prior year unpaid obligations, unexpired	–17	–50	–50

3050	Unpaid obligations, end of year	293	211	148
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	303	293	211
3200	Obligated balance, end of year	293	211	148

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3,043	2,815	2,695
	Outlays, gross:
4010	Outlays from new discretionary authority	3,015	2,526	2,419
4011	Outlays from discretionary balances	250	312	289

4020	Outlays, gross (total)	3,265	2,838	2,708
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–3
4033	Non-Federal sources	–2,989	–2,815	–2,695
4034	Offsetting governmental collections	–54

4040	Offsets against gross budget authority and outlays (total)	–3,046	–2,815	–2,695
	Additional offsets against gross budget authority only:
4053	Recoveries of prior year paid obligations, unexpired accounts	3

4060	Additional offsets against budget authority only (total)	3
4080	Outlays, net (discretionary)	219	23	13
4180	Budget authority, net (total)
4190	Outlays, net (total)	219	23	13

The United States Mint mints and issues circulating coins, produces and distributes numismatic items, and provides security and asset protection. Since 1996, the Mint's operations have been funded through the Public Enterprise Fund (PEF) established by section 522 of Public Law 104–52 (31 U.S.C. 5136). The operations of the Mint are divided into two major components, circulating coinage and numismatic products. Finances for the two components are accounted for separately; receipts from circulating coinage operations are not used to fund numismatic operations and receipts from numismatic operations are not used to fund circulating coinage operations. The Mint generates revenue through the issuance of circulating coins to the Federal Reserve Banks (FRBs) and the sale of numismatic products to the public and bullion coins to authorized purchasers. The Mint submits annual audited financial statements to the Secretary of the Treasury and to the Congress in support of the operations of the PEF. In 2016, the Mint transferred $611 million to the General Fund.

Circulating Coinage.—This activity funds the minting and issuance of circulating coins to the FRBs in amounts that the Secretary of the Treasury determines are necessary to meet the needs of the United States. The 2018 Budget reflects production volumes that correspond to expected demand and raw materials costs, which are driven by commodity prices and volumes. The Mint receives funds from the Federal Reserve equal to the face value of the circulating coins shipped to the FRB. The Mint is credited with the full cost of producing and distributing the coins that are put into circulation, including the depreciation of manufacturing facilities and equipment. The difference between the face value of the coins and the full cost of producing the coins is called seigniorage, which is a means of financing the deficit and transferred periodically to the General Fund. The annual appropriations bill includes a statutory cap on Mint expenditures on circulating and protection capital investments. The current cap is $20 million; the 2018 Budget proposes a cap increase to $30 million.

Numismatic Items.—This activity funds the manufacturing of numismatic items, which include collectible coins and sets, medals, bullion coins, and other products for sale to collectors and other members of the public who desire high-quality or investment-grade versions of the Nation's coinage. These products include annual proof and uncirculated sets; investment-grade silver and gold bullion coins; uncirculated silver and gold coins; proof silver, gold, and platinum coins; and commemorative coins and medals that are authorized to commemorate events, individuals, places, or other subjects. Prices for numismatic products are based on the estimated product cost plus a reasonable margin to assure that the numismatic program operates at no net cost to the taxpayer. Similarly, bullion coins are priced based on the market price of the precious metals plus a premium to cover manufacturing, marketing, and distribution costs. Making numismatic products accessible, available, and affordable to Americans who choose to purchase them is the highest priority of the Mint's numismatic operations.


Identification code 020–4159–0–3–803		2016 actual	2017 est.	2018 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	132	143	147
11.3	Other than full-time permanent	1
11.5	Other personnel compensation	13	13	13

11.9	Total personnel compensation	146	156	160
12.1	Civilian personnel benefits	50	51	52
13.0	Benefits for former personnel		1	1
21.0	Travel and transportation of persons	2	3	3
22.0	Transportation of things	32	29	29
23.2	Rental payments to others	15	14	14
23.3	Communications, utilities, and miscellaneous charges	14	17	17
24.0	Printing and reproduction	1	1	2
25.1	Advisory and assistance services	40	42	53
25.2	Other services from non-Federal sources	22	38	29
25.3	Other goods and services from Federal sources	18	20	21
25.4	Operation and maintenance of facilities	5	3	3
25.5	Research and development contracts	1	2	2
25.6	Medical care	1
25.7	Operation and maintenance of equipment	7	8	8
26.0	Supplies and materials	2,886	2,378	2,258
31.0	Equipment	25	31	31
32.0	Land and structures	7	12	12

99.0	Reimbursable obligations	3,272	2,806	2,695

99.9	Total new obligations, unexpired accounts	3,272	2,806	2,695


Identification code 020–4159–0–3–803		2016 actual	2017 est.	2018 est.

2001	Reimbursable civilian full-time equivalent employment	1,692	1,801	1,801

The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2016, the IRS processed 244 million tax forms and collected $3.3 trillion in taxes (gross receipts before tax refunds), totaling 93 percent of Federal Government receipts. The IRS taxpayer service program assists millions of taxpayers in understanding and meeting their tax obligations. The IRS tax enforcement and compliance program deters taxpayers inclined to evade their responsibilities while pursuing those who violate tax laws.

The 2018 Budget provides $10,975 million for the IRS to administer the tax code and implement key strategic priorities.

Enforcement Program.—The Enforcement account funds activities that protect revenue by identifying fraud and preventing issuance of questionable refunds including those related to identity theft; increase compliance by addressing offshore tax evasion; strengthen examination and collection programs, including return preparer; and address compliance issues in the tax-exempt sector.

Taxpayer Service Program.—The Budget includes funding for Taxpayer Services that will allow the IRS to continue delivering services to taxpayers using a variety of in-person, telephone, and web-based methods. These tools help taxpayers understand their obligations, correctly file their returns, and pay taxes due in a timely manner. The IRS is committed to increasing the service options available through the IRS website and mobile application, allowing more taxpayers to reach the IRS through the Internet. Notably, in 2016, there were more than 500 million visits to www.IRS.gov, and taxpayers checked their refund status more than 300 million times by accessing Where's My Refund? on the IRS website in English or Spanish. Taxpayers can also use automated features on the IRS toll-free phone system. Additionally, the IRS2Go mobile application had over 5 million active users in 2016.

Modernization Program.—IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity. Since 2012, the IRS has processed individual taxpayer returns on a daily processing cycle that has enhanced IRS tax administration and improved customer service by allowing faster refunds for more taxpayers, more timely account updates, and faster issuance of taxpayer notices. The Budget provides new investments in the Business Systems Modernization (BSM) Program to expand the capabilities of the Customer Account Data Engine (CADE) 2; enhance the taxpayer's online experience and provide secure digital communications and capabilities; and increase fraud detection, resolution, and prevention through the Return Review Program (RRP).

Federal Funds

For necessary expenses of the Internal Revenue Service to provide taxpayer services, including pre-filing assistance and education, filing and account services, taxpayer advocacy services, associated support costs, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $2,212,311,000, of which not less than $6,500,000 shall be for the Tax Counseling for the Elderly Program, of which not less than $12,000,000 shall be available for low-income taxpayer clinic grants, and of which not less than $15,000,000, to remain available until September 30, 2019, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance, of which not less than $206,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: Provided, That of the amounts made available for the Taxpayer Advocate Service, not less than $5,000,000 shall be for identity theft casework.


Identification code 020–0912–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Pre-filing taxpayer assistance and education	621	616	601
0002	Filing and account services	1,785	1,751	1,679

0100	Subtotal, direct programs	2,406	2,367	2,280

0799	Total direct obligations	2,406	2,367	2,280
0801	Taxpayer Services (Reimbursable)	35	37	38

0900	Total new obligations, unexpired accounts	2,441	2,404	2,318

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	11	5	15
1011	Unobligated balance transfer from other acct [020–5432]	12	40	37
1012	Unobligated balance transfers between expired and unexpired accounts	3	4

1050	Unobligated balance (total)	26	49	52
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	2,333	2,329	2,212
1121	Appropriations transferred from other acct [020–5432]	58	4	31

1160	Appropriation, discretionary (total)	2,391	2,333	2,243
	Spending authority from offsetting collections, discretionary:
1700	Collected	35	37	38
1900	Budget authority (total)	2,426	2,370	2,281
1930	Total budgetary resources available	2,452	2,419	2,333
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–6
1941	Unexpired unobligated balance, end of year	5	15	15

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	117	152	154
3010	New obligations, unexpired accounts	2,441	2,404	2,318
3011	Obligations ("upward adjustments"), expired accounts	7
3020	Outlays (gross)	–2,400	–2,402	–2,314
3041	Recoveries of prior year unpaid obligations, expired	–13

3050	Unpaid obligations, end of year	152	154	158
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	117	152	154
3200	Obligated balance, end of year	152	154	158

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	2,426	2,370	2,281
	Outlays, gross:
4010	Outlays from new discretionary authority	2,279	2,223	2,142
4011	Outlays from discretionary balances	121	179	172

4020	Outlays, gross (total)	2,400	2,402	2,314
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–39	–43	–44
4033	Non-Federal sources	–7	–2	–2

4040	Offsets against gross budget authority and outlays (total)	–46	–45	–46
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	11	8	8

4070	Budget authority, net (discretionary)	2,391	2,333	2,243
4080	Outlays, net (discretionary)	2,354	2,357	2,268
4180	Budget authority, net (total)	2,391	2,333	2,243
4190	Outlays, net (total)	2,354	2,357	2,268

This appropriation provides resources for taxpayer service programs, which help taxpayers understand their tax obligations, correctly file their returns, and pay taxes due in a timely manner. It also supports a number of other activities, including forms and publications; processing of tax returns and related documents; filing and account services; and taxpayer advocacy services.


Identification code 020–0912–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,527	1,489	1,436
11.3	Other than full-time permanent	39	42	13
11.5	Other personnel compensation	84	67	68

11.9	Total personnel compensation	1,650	1,598	1,517
12.1	Civilian personnel benefits	577	608	592
13.0	Benefits for former personnel	1
21.0	Travel and transportation of persons	9	12	12
22.0	Transportation of things	1	1	1
23.3	Communications, utilities, and miscellaneous charges	1	1	1
24.0	Printing and reproduction	9	8	8
25.1	Advisory and assistance services	32	33	33
25.2	Other services from non-Federal sources	19	14	14
25.3	Other goods and services from Federal sources	61	62	62
26.0	Supplies and materials	5	5	5
41.0	Grants, subsidies, and contributions	40	24	34

99.0	Direct obligations	2,405	2,366	2,279
99.0	Reimbursable obligations	34	37	38
99.5	Adjustment for rounding	2	1	1

99.9	Total new obligations, unexpired accounts	2,441	2,404	2,318


Identification code 020–0912–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	28,316	28,455	24,392
1001	Direct civilian full-time equivalent employment	360	77	71
2001	Reimbursable civilian full-time equivalent employment	488	507	527

For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations, to enforce criminal statutes related to violations of internal revenue laws and other financial crimes, to purchase and hire passenger motor vehicles (31 U.S.C. 1343(b)), associated support costs, and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $4,706,500,000, of which not to exceed $50,000,000 shall remain available until September 30, 2019, and of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program.


Identification code 020–0913–0–1–999		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Investigations	615	652	638
0002	Exam and Collections	3,948	4,122	3,968
0003	Regulatory	149	160	145

0100	Subtotal, Direct program	4,712	4,934	4,751

0799	Total direct obligations	4,712	4,934	4,751
0801	Enforcement (Reimbursable)	30	42	44

0900	Total new obligations, unexpired accounts	4,742	4,976	4,795

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	18	49	19
1011	Unobligated balance transfer from other acct [020–5432]	9	13	16
1012	Unobligated balance transfers between expired and unexpired accounts	3	5
1033	Recoveries of prior year paid obligations	2	2

1050	Unobligated balance (total)	32	69	35
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	4,865	4,856	4,707
1120	Appropriations transferred to other accts [020–0919]	–150

1160	Appropriation, discretionary (total)	4,715	4,856	4,707
	Spending authority from offsetting collections, discretionary:
1700	Collected	26	70	73
1701	Change in uncollected payments, Federal sources	23

1750	Spending auth from offsetting collections, disc (total)	49	70	73
1900	Budget authority (total)	4,764	4,926	4,780
1930	Total budgetary resources available	4,796	4,995	4,815
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–5
1941	Unexpired unobligated balance, end of year	49	19	20

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	268	299	385
3010	New obligations, unexpired accounts	4,742	4,976	4,795
3011	Obligations ("upward adjustments"), expired accounts	22
3020	Outlays (gross)	–4,718	–4,890	–4,754
3041	Recoveries of prior year unpaid obligations, expired	–15

3050	Unpaid obligations, end of year	299	385	426
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–24	–26	–26
3070	Change in uncollected pymts, Fed sources, unexpired	–23
3071	Change in uncollected pymts, Fed sources, expired	21

3090	Uncollected pymts, Fed sources, end of year	–26	–26	–26
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	244	273	359
3200	Obligated balance, end of year	273	359	400

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	4,764	4,926	4,780
	Outlays, gross:
4010	Outlays from new discretionary authority	4,444	4,594	4,485
4011	Outlays from discretionary balances	274	296	269

4020	Outlays, gross (total)	4,718	4,890	4,754
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–49	–73	–74
4033	Non-Federal sources	–19	–31	–31

4040	Offsets against gross budget authority and outlays (total)	–68	–104	–105
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–23
4052	Offsetting collections credited to expired accounts	40	32	32
4053	Recoveries of prior year paid obligations, unexpired accounts	2	2

4060	Additional offsets against budget authority only (total)	19	34	32

4070	Budget authority, net (discretionary)	4,715	4,856	4,707
4080	Outlays, net (discretionary)	4,650	4,786	4,649
4180	Budget authority, net (total)	4,715	4,856	4,707
4190	Outlays, net (total)	4,650	4,786	4,649

This appropriation provides resources for the examination of tax returns, both domestic and international; the administrative and judicial settlement of taxpayer appeals of examination findings; technical rulings; monitoring employee pension plans; determining qualifications of organizations seeking tax-exempt status; examining the tax returns of exempt organizations; enforcing statutes relating to detection and investigation of criminal violations of the internal revenue laws and other financial crimes; identifying underreporting of tax obligations; securing unfiled tax returns; and collecting unpaid accounts.


Identification code 020–0913–0–1–999		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	3,150	3,177	3,147
11.3	Other than full-time permanent	30	31	31
11.5	Other personnel compensation	106	109	107
11.8	Special personal services payments	25	24	24

11.9	Total personnel compensation	3,311	3,341	3,309
12.1	Civilian personnel benefits	1,142	1,164	1,131
21.0	Travel and transportation of persons	58	74	76
22.0	Transportation of things	8	10	10
23.3	Communications, utilities, and miscellaneous charges	3	2	2
24.0	Printing and reproduction	2	2	2
25.1	Advisory and assistance services	77	170	90
25.2	Other services from non-Federal sources	29	59	37
25.3	Other goods and services from Federal sources	35	56	35
25.5	Research and development contracts	2
25.7	Operation and maintenance of equipment	1	1	2
26.0	Supplies and materials	15	24	24
31.0	Equipment	20	24	25
42.0	Insurance claims and indemnities	1	1	1
91.0	Unvouchered	8	6	5

99.0	Direct obligations	4,712	4,934	4,749
99.0	Reimbursable obligations	29	42	44
99.5	Adjustment for rounding	1		2

99.9	Total new obligations, unexpired accounts	4,742	4,976	4,795


Identification code 020–0913–0–1–999		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	37,563	36,349	35,049
1001	Direct civilian full-time equivalent employment	81	93	93
2001	Reimbursable civilian full-time equivalent employment	54	75	78
3001	Allocation account civilian full-time equivalent employment	2

For necessary expenses of operating the Internal Revenue Service, including rent payments; facilities services; printing; postage; physical security; oversight and management of IRS-wide activities; research and statistics of income; telecommunications; information technology development, enhancement, operations, maintenance, and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); the operations of the Internal Revenue Service Oversight Board; and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner; $3,946,189,000, of which not to exceed $100,000,000 shall remain available until September 30, 2019; of which not to exceed $10,000,000 shall remain available until expended for acquisition of equipment and construction, repair and renovation of facilities; of which not to exceed $1,000,000 shall remain available until September 30, 2020, for research; of which not to exceed $20,000 shall be for official reception and representation expenses: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing the cost and schedule performance for its major information technology investments, including the purpose and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter: Provided further, That the Internal Revenue Service shall include, in its budget justification for fiscal year 2019, a summary of cost and schedule performance information for its major information technology systems.


Identification code 020–0919–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0002	Infrastructure	856	880	867
0003	Shared Services and Support	1,103	1,018	1,023
0004	Information Services	2,245	2,306	2,496

0100	Subtotal, direct programs	4,204	4,204	4,386

0799	Total direct obligations	4,204	4,204	4,386
0801	Operations Support (Reimbursable)	40	38	40

0900	Total new obligations, unexpired accounts	4,244	4,242	4,426

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	148	113	65
1011	Unobligated balance transfer from other acct [020–5432]	97	144	71
1012	Unobligated balance transfers between expired and unexpired accounts	11
1021	Recoveries of prior year unpaid obligations	20	2
1033	Recoveries of prior year paid obligations	1	4	4

1050	Unobligated balance (total)	277	263	140
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3,747	3,740	3,946
1121	Appropriations transferred from other acct [020–5432]	149	266	371
1121	Appropriations transferred from other acct [020–0913]	150

1160	Appropriation, discretionary (total)	4,046	4,006	4,317
	Spending authority from offsetting collections, discretionary:
1700	Collected	36	38	40
1701	Change in uncollected payments, Federal sources	4

1750	Spending auth from offsetting collections, disc (total)	40	38	40
1900	Budget authority (total)	4,086	4,044	4,357
1930	Total budgetary resources available	4,363	4,307	4,497
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–6
1941	Unexpired unobligated balance, end of year	113	65	71

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	878	999	1,183
3010	New obligations, unexpired accounts	4,244	4,242	4,426
3011	Obligations ("upward adjustments"), expired accounts	7
3020	Outlays (gross)	–4,052	–4,056	–4,232
3040	Recoveries of prior year unpaid obligations, unexpired	–20	–2
3041	Recoveries of prior year unpaid obligations, expired	–58

3050	Unpaid obligations, end of year	999	1,183	1,377
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1		–4	–4
3070	Change in uncollected pymts, Fed sources, unexpired	–4

3090	Uncollected pymts, Fed sources, end of year	–4	–4	–4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	878	995	1,179
3200	Obligated balance, end of year	995	1,179	1,373

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	4,086	4,044	4,357
	Outlays, gross:
4010	Outlays from new discretionary authority	3,214	3,183	3,381
4011	Outlays from discretionary balances	838	873	851

4020	Outlays, gross (total)	4,052	4,056	4,232
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–37	–38	–40
4033	Non-Federal sources	–4	–4	–4

4040	Offsets against gross budget authority and outlays (total)	–41	–42	–44
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–4
4052	Offsetting collections credited to expired accounts	4
4053	Recoveries of prior year paid obligations, unexpired accounts	1	4	4

4060	Additional offsets against budget authority only (total)	1	4	4

4070	Budget authority, net (discretionary)	4,046	4,006	4,317
4080	Outlays, net (discretionary)	4,011	4,014	4,188
4180	Budget authority, net (total)	4,046	4,006	4,317
4190	Outlays, net (total)	4,011	4,014	4,188

This appropriation provides resources for support functions that are essential to the successful operation of IRS programs. These functions include: overall planning and direction of the IRS; shared service support related to facilities maintenance, rent payments, printing, postage, and security; resources for headquarters management activities such as communications and liaison, finance, human resources, equity, diversity and inclusion; research and statistics of income; protection of sensitive information and the privacy of taxpayers and employees; and necessary expenses for telecommunications support and the development and maintenance of IRS operational information systems. This appropriation also includes specific funds to support multi-year facility and real estate planning to improve the IRS investment process, as well as funds needed to implement tax legislation.


Identification code 020–0919–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,118	1,100	1,123
11.3	Other than full-time permanent	6	6	6
11.5	Other personnel compensation	20	21	21
11.8	Special personal services payments	1

11.9	Total personnel compensation	1,145	1,127	1,150
12.1	Civilian personnel benefits	418	433	446
13.0	Benefits for former personnel	46	50	51
21.0	Travel and transportation of persons	12	10	9
22.0	Transportation of things	11	11	11
23.1	Rental payments to GSA	593	587	597
23.2	Rental payments to others	12	12	12
23.3	Communications, utilities, and miscellaneous charges	313	352	356
24.0	Printing and reproduction	17	18	18
25.1	Advisory and assistance services	819	893	930
25.2	Other services from non-Federal sources	62	61	59
25.3	Other goods and services from Federal sources	79	82	82
25.4	Operation and maintenance of facilities	175	190	189
25.6	Medical care	14	14	13
25.7	Operation and maintenance of equipment	68	73	75
26.0	Supplies and materials	15	7	7
31.0	Equipment	388	262	373
32.0	Land and structures	17	21	8

99.0	Direct obligations	4,204	4,203	4,386
99.0	Reimbursable obligations	40	38	40
99.5	Adjustment for rounding		1

99.9	Total new obligations, unexpired accounts	4,244	4,242	4,426


Identification code 020–0919–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	11,078	11,441	11,365
1001	Direct civilian full-time equivalent employment	83
2001	Reimbursable civilian full-time equivalent employment	98	102	106

For necessary expenses of the Internal Revenue Service's business systems modernization program, $110,000,000, to remain available until September 30, 2020, for the capital asset acquisition of information technology systems, including management and related contractual costs of said acquisitions, including related Internal Revenue Service labor costs, and contractual costs associated with operations authorized by 5 U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal Revenue Service shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate and the Comptroller General of the United States detailing the cost and schedule performance for CADE 2 and Modernized e-File information technology investments, including the purposes and life-cycle stages of the investments; the reasons for any cost and schedule variances; the risks of such investments and the strategies the Internal Revenue Service is using to mitigate such risks; and the expected developmental milestones to be achieved and costs to be incurred in the next quarter.


Identification code 020–0921–0–1–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Business Systems Modernization	385	326	200

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	276	185	184
1021	Recoveries of prior year unpaid obligations	4

1050	Unobligated balance (total)	280	185	184
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	290	289	110
1121	Appropriations transferred from other acct [020–5432]		36

1160	Appropriation, discretionary (total)	290	325	110
1930	Total budgetary resources available	570	510	294
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	185	184	94

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	115	208	152
3010	New obligations, unexpired accounts	385	326	200
3020	Outlays (gross)	–284	–382	–247
3040	Recoveries of prior year unpaid obligations, unexpired	–4
3041	Recoveries of prior year unpaid obligations, expired	–4

3050	Unpaid obligations, end of year	208	152	105
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	115	208	152
3200	Obligated balance, end of year	208	152	105

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	290	325	110
	Outlays, gross:
4010	Outlays from new discretionary authority	115	129	44
4011	Outlays from discretionary balances	169	253	203

4020	Outlays, gross (total)	284	382	247
4180	Budget authority, net (total)	290	325	110
4190	Outlays, net (total)	284	382	247

This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize the IRS business systems, including labor and related contractual costs.


Identification code 020–0921–0–1–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	54	71	28
11.5	Other personnel compensation	1	1

11.9	Total personnel compensation	55	72	28
12.1	Civilian personnel benefits	17	22	8
25.1	Advisory and assistance services	285	208	148
25.7	Operation and maintenance of equipment	3	2	2
31.0	Equipment	25	22	14

99.9	Total new obligations, unexpired accounts	385	326	200


Identification code 020–0921–0–1–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	442	593	331


Identification code 020–0935–0–1–806		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Build America Bond Payments, Recovery Act (Direct)	3,646	3,634	3,903

0900	Total new obligations (object class 41.0)	3,646	3,634	3,903

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,906	3,903	3,903
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–260	–269

1260	Appropriations, mandatory (total)	3,646	3,634	3,903
1930	Total budgetary resources available	3,646	3,634	3,903

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3,646	3,634	3,903
3020	Outlays (gross)	–3,646	–3,634	–3,903

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,646	3,634	3,903
	Outlays, gross:
4100	Outlays from new mandatory authority	3,646	3,634	3,903
4180	Budget authority, net (total)	3,646	3,634	3,903
4190	Outlays, net (total)	3,646	3,634	3,903

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1531, allows state and local governments to issue Build America Bonds through December 31, 2010. These tax credit bonds, which include Recovery Zone Bonds, differ from tax-exempt governmental obligation bonds in two principal ways: (1) interest paid on tax credit bonds is taxable; and (2) a portion of the interest paid on tax credit bonds takes the form of a Federal tax credit. The bond issuer may elect to receive a direct payment in the amount of the tax credit for obligations issued before January 1, 2011. This account reflects the continuing interest payments over time.


Identification code 020–0906–0–1–609		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)	60,580	60,943	61,085

0900	Total new obligations (object class 41.0)	60,580	60,943	61,085

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	60,580	60,943	61,085
1930	Total budgetary resources available	60,580	60,943	61,085

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	60,580	60,943	61,085
3020	Outlays (gross)	–60,580	–60,943	–61,085

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	60,580	60,943	61,085
	Outlays, gross:
4100	Outlays from new mandatory authority	60,580	60,943	61,085
4180	Budget authority, net (total)	60,580	60,943	61,085
4190	Outlays, net (total)	60,580	60,943	61,085


		2016 actual	2017 est.	2018 est.

Enacted/requested:
	Budget Authority	60,580	60,943	61,085
	Outlays	60,580	60,943	61,085
Legislative proposal, subject to PAYGO:
	Budget Authority			–2
	Outlays			–2
Total:
	Budget Authority	60,580	60,943	61,083
	Outlays	60,580	60,943	61,083

As provided by law, there are instances where the earned income tax credit (EITC) exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer. Congress originally authorized the EITC in the Tax Reduction Act of 1975 (P.L. 94–12) and made it permanent in the Revenue Adjustment Act of 1978 (P.L. 95–600). The Tax Reform Act of 1986 and the Omnibus Budget Reconciliation Acts of 1990 and 1993 increased the credit amount and expanded eligibility for the EITC.

The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16) increased the income level at which the credit begins to phase out for married taxpayers filing joint returns, and made other changes to simplify the credit and improve compliance.

The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1002, temporarily increased the EITC for working families with three or more children, and increased the threshold for the phase-out range for all married couples filing a joint return for 2009 and 2010 tax returns. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2012.

The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(c), extended the EGTRRA and ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113, permanently extended the EGTRRA and ARRA benefits.


Identification code 020–0906–4–1–609		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)			–2

0900	Total new obligations (object class 41.0)			–2

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–2
1930	Total budgetary resources available			–2

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–2
3020	Outlays (gross)			2

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

The Budget includes a proposal to require that taxpayers, spouses, and all qualifying children have a Social Security Number that is valid for work in order to qualify for the Child Tax Credit and Earned Income Tax Credit. The Budget also includes a proposal to explicitly provide the IRS authority to increase its oversight of paid tax return preparers.


Identification code 020–0922–0–1–609		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)	20,188	20,193	20,045

0900	Total new obligations (object class 41.0)	20,188	20,193	20,045

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	20,188	20,193	20,045
1930	Total budgetary resources available	20,188	20,193	20,045

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	20,188	20,193	20,045
3020	Outlays (gross)	–20,188	–20,193	–20,045

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	20,188	20,193	20,045
	Outlays, gross:
4100	Outlays from new mandatory authority	20,188	20,193	20,045
4180	Budget authority, net (total)	20,188	20,193	20,045
4190	Outlays, net (total)	20,188	20,193	20,045


		2016 actual	2017 est.	2018 est.

Enacted/requested:
	Budget Authority	20,188	20,193	20,045
	Outlays	20,188	20,193	20,045
Legislative proposal, subject to PAYGO:
	Budget Authority			–151
	Outlays			–151
Total:
	Budget Authority	20,188	20,193	19,894
	Outlays	20,188	20,193	19,894

As provided by law, there are instances where the child tax credit exceeds the amount of tax liability owed through the individual income tax system, resulting in an additional payment to the taxpayer.

The Congress originally authorized the child tax credit in the Taxpayer Relief Act of 1997 (P.L. 105–34). The credit amount and extent to which the credit is refundable were increased by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (P.L. 107–16). The American Recovery and Reinvestment Act of 2009 (ARRA) (P.L. 111–5), section 1003, further expanded the extent to which the credit is refundable. The credit was refundable to the extent of 15 percent of an individual's earned income in excess of $3,000 for 2010 and 2011. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(b), extended this temporary benefit for 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(b), extended the ARRA benefits through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the EGTRRRA and ARRA benefits.


Identification code 020–0922–4–1–609		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)			–151

0900	Total new obligations (object class 41.0)			–151

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–151
1930	Total budgetary resources available			–151

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–151
3020	Outlays (gross)			151

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–151
	Outlays, gross:
4100	Outlays from new mandatory authority			–151
4180	Budget authority, net (total)			–151
4190	Outlays, net (total)			–151


Identification code 020–0923–0–1–551		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct)	12	21	32

0900	Total new obligations (object class 41.0)	12	21	32

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	12	21	32
1930	Total budgetary resources available	12	21	32

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	12	21	32
3020	Outlays (gross)	–12	–21	–32

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	12	21	32
	Outlays, gross:
4100	Outlays from new mandatory authority	12	21	32
4180	Budget authority, net (total)	12	21	32
4190	Outlays, net (total)	12	21	32

The Trade Act of 2002 established the Health Coverage Tax Credit (HCTC), a refundable tax credit for a portion of the cost of qualified insurance, which may be paid in advance. This credit is available to certain recipients of Trade Adjustment Assistance (TAA) and Pension Benefit Guaranty Corporation pension beneficiaries who are aged 55–64.

The Congress expanded the HCTC program in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), sections 1899A-1899J. These increased benefits for certain HCTC eligible individuals include payment of 80 percent (up from 65 percent) of health insurance premiums, up to 24 months of coverage for qualified family members, and extension of COBRA benefits. The Omnibus Trade Act of 2010 (P.L. 111–344), sections 111–118, extended these benefits until February 13, 2011. The bill to extend the Generalization System of Preference (P.L. 112–040), section 241, extended the credit through December 31, 2013, and reduced the credit percentage to 72.5 percent, and eliminated the credit entirely as of January 1, 2014.

The Trade Preferences Extension Act of 2015 (P.L. 114–27), section 407, retroactively reinstated the HCTC to January 1, 2014, through December 31, 2019. The Act also provided that an eligible individual could not claim both the HCTC and the premium tax credit provided under the Affordable Care Act (ACA) for the same coverage for the same month and that individual health insurance coverage purchased through the Health Insurance Marketplace is qualified coverage for coverage months in 2014 and 2015. Lastly, the Act reinstated the advance payment of the HCTC, effective not later than June 28, 2016 (one year after date of enactment).


Identification code 020–0951–0–1–551		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct)	15	16	14

0900	Total new obligations (object class 41.0)	15	16	14

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	16	17	14
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1	–1

1260	Appropriations, mandatory (total)	15	16	14
1930	Total budgetary resources available	15	16	14

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	15	16	14
3020	Outlays (gross)	–15	–16	–14

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	15	16	14
	Outlays, gross:
4100	Outlays from new mandatory authority	15	16	14
4180	Budget authority, net (total)	15	16	14
4190	Outlays, net (total)	15	16	14

The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148), section 1421, allows certain small employers (including small tax-exempt employers) to claim a credit when they pay at least half of the health care premiums for single health insurance coverage for their employees. Small employers can claim the credit for 2010 through 2013 and for two years after that. Generally, employers that have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year may qualify for the credit.


Identification code 020–0929–0–1–609		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Alternative Minimum Tax Credit Exceeds Liability F (Direct)	2

0900	Total new obligations (object class 41.0)	2

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2
1930	Total budgetary resources available	2

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	2
3020	Outlays (gross)	–2

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

The Tax Relief and Health Care Act of 2006 (P.L. 109–432) allowed certain taxpayers to claim a refundable credit for a portion of their unused long-term alternative minimum tax (AMT) credits each year. The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), Division C, section 103, increased the AMT refundable credit portion from 20 percent to 50 percent of unused long-term minimum tax credits for the taxable year in question. This provision was effective for any taxable year beginning before January 1, 2013, and has now expired.


Identification code 020–0931–0–1–376		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct)	108	857	856

0900	Total new obligations (object class 41.0)	108	857	856

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	117	921	856
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–9	–64

1260	Appropriations, mandatory (total)	108	857	856
1930	Total budgetary resources available	108	857	856

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	108	857	856
3020	Outlays (gross)	–108	–857	–856

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	108	857	856
	Outlays, gross:
4100	Outlays from new mandatory authority	108	857	856
4180	Budget authority, net (total)	108	857	856
4190	Outlays, net (total)	108	857	856

This account shows the outlays for the provision that allows certain businesses to accelerate the recognition of a portion of certain other credits in lieu of taking bonus depreciation. The Housing and Economic Recovery Act of 2008 (P.L. 110–289), section 3081, allowed certain businesses to accelerate the recognition of a portion of their unused pre-2006 alternative minimum tax (AMT) or research and development (R&D) credits in lieu of taking bonus depreciation. The maximum increase amount is capped at the lesser of $30 million or 6 percent of eligible AMT and R&D credits. The accelerated credit amount is refundable. The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1201(b), extended this temporary benefit through 2009. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 401(c), extended this temporary benefit through the end of 2012, but only with respect to AMT credits. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 331(c), extended this temporary benefit through 2013 only with respect to AMT credits. The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 125(c), extended this temporary benefit through 2014 only with respect to AMT credits. The Protecting Americans from Tax Hikes (PATH) Act of 2015 (P.L. 114–113), extended this provision through 2015. The PATH Act also extended and modified this provision for 2016 through 2019.


Identification code 020–0932–0–1–502		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)	3,993	4,021	4,067

0900	Total new obligations (object class 41.0)	3,993	4,021	4,067

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,993	4,021	4,067
1930	Total budgetary resources available	3,993	4,021	4,067

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3,993	4,021	4,067
3020	Outlays (gross)	–3,993	–4,021	–4,067

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,993	4,021	4,067
	Outlays, gross:
4100	Outlays from new mandatory authority	3,993	4,021	4,067
4180	Budget authority, net (total)	3,993	4,021	4,067
4190	Outlays, net (total)	3,993	4,021	4,067


		2016 actual	2017 est.	2018 est.

Enacted/requested:
	Budget Authority	3,993	4,021	4,067
	Outlays	3,993	4,021	4,067
Legislative proposal, subject to PAYGO:
	Budget Authority			–25
	Outlays			–25
Total:
	Budget Authority	3,993	4,021	4,042
	Outlays	3,993	4,021	4,042

The American Opportunity Tax Credit allows certain taxpayers to claim a refundable American Opportunity Tax Credit (AOTC) for qualifying higher education expenses. Up to 40 percent of the credit is refundable. The credit applies dollar-for-dollar to the first $2,000 of qualified tuition, fees and course materials paid by the taxpayer, and applies at a rate of 25 percent to the next $2,000 in qualified tuition, fees and course materials for a total credit of up to $2,500. The credit was originally created in the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1004 for tax years 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 103(a), extended the credit to tax years 2011 and 2012. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 103(a), extended the credit through tax year 2017 (a five-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), permanently extended the ARRA benefits.


Identification code 020–0932–4–1–502		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)			–25

0900	Total new obligations (object class 41.0)			–25

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–25
1930	Total budgetary resources available			–25

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–25
3020	Outlays (gross)			25

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–25
	Outlays, gross:
4100	Outlays from new mandatory authority			–25
4180	Budget authority, net (total)			–25
4190	Outlays, net (total)			–25

The Budget includes a proposal to provide the IRS expanded authority to correct certain errors on tax returns.


Identification code 020–0948–0–1–272		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Energy Conservation Bonds (Direct)	36	36	39

0900	Total new obligations (object class 41.0)	36	36	39

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	38	39	39
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–2	–3

1260	Appropriations, mandatory (total)	36	36	39
1930	Total budgetary resources available	36	36	39

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	36	36	39
3020	Outlays (gross)	–36	–36	–39

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	36	36	39
	Outlays, gross:
4100	Outlays from new mandatory authority	36	36	39
4180	Budget authority, net (total)	36	36	39
4190	Outlays, net (total)	36	36	39

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 301, created Qualified Energy Conservation Bonds; and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1112, increased the limitation on issuance of qualified energy conservation bonds from $800,000,000 to $3,200,000,000.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by allowing issuers of Qualified Energy Conservation Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0947–0–1–271		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment to Issuer of New Clean Renewable Energy Bonds (Direct)	38	37	40

0900	Total new obligations (object class 41.0)	38	37	40

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	40	40	40
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–2	–3

1260	Appropriations, mandatory (total)	38	37	40
1930	Total budgetary resources available	38	37	40

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	38	37	40
3020	Outlays (gross)	–38	–37	–40

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	38	37	40
	Outlays, gross:
4100	Outlays from new mandatory authority	38	37	40
4180	Budget authority, net (total)	38	37	40
4190	Outlays, net (total)	38	37	40

The Emergency Economic Stabilization Act of 2008 (P.L. 110–343), section 107, created New Clean Renewable Energy Bonds, and the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1111, increased the limitation on issuance of New Clean Renewable Energy Bonds to a total limitation of $2,400,000,000.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of New Clean Renewable Energy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0946–0–1–501		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified School Construction Bonds (Direct)	746	740	795

0900	Total new obligations (object class 41.0)	746	740	795

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	800	795	795
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–54	–55

1260	Appropriations, mandatory (total)	746	740	795
1930	Total budgetary resources available	746	740	795

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	746	740	795
3020	Outlays (gross)	–746	–740	–795

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	746	740	795
	Outlays, gross:
4100	Outlays from new mandatory authority	746	740	795
4180	Budget authority, net (total)	746	740	795
4190	Outlays, net (total)	746	740	795

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1521, created Qualified School Construction Bonds with a calendar year limitation of $11,000,000,000 for 2009 and 2010 and zero after 2010.

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amended section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified School Construction Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.


Identification code 020–0945–0–1–501		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Zone Academy Bonds (Direct)	58	58	62

0900	Total new obligations (object class 41.0)	58	58	62

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	62	62	62
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–4	–4

1260	Appropriations, mandatory (total)	58	58	62
1930	Total budgetary resources available	58	58	62

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	58	58	62
3020	Outlays (gross)	–58	–58	–62

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	58	58	62
	Outlays, gross:
4100	Outlays from new mandatory authority	58	58	62
4180	Budget authority, net (total)	58	58	62
4190	Outlays, net (total)	58	58	62

The American Recovery and Reinvestment Act of 2009 (P.L. 111–5), section 1522, extended and expanded the calendar year limitation for Qualified Zone Academy Bonds to $1,400,000,000 for 2009 and 2010. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111–312), section 758, extended the Qualified Zone Academy Bonds for 2011 and reduced the calendar year limitation to $400,000,000. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400,000,000 through tax year 2013 (a two-year extension). The Tax Increase Prevention Act, Title I—Certain Expiring Provisions (P.L. 113–295), section 120, extended the calendar year limitation of $400,000,000 through tax year 2014 (a one-year extension). The Protecting Americans From Tax Hikes Act of 2015 (P.L. 114–113), extended the calendar year limitation of $400,000,000 through tax year 2016 (a two-year extension).

The Hiring Incentives to Restore Employment Act (P.L. 111–147), section 301, amends section 6431 of the Internal Revenue Code of 1986 by adding a new subsection (f) allowing issuers of Qualified Zone Academy Bonds to irrevocably elect to issue the bonds as specified tax credit bonds with a direct-pay subsidy. The issuer of such qualifying bonds receives a direct interest payment subsidy from the Federal Government. Bondholders receive a taxable interest payment from the issuer in lieu of a tax credit.

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111–312) amended section 6431(f)(3)(A)(iii) to provide that direct pay treatment for Qualified Zone Academy Bonds is not available for Qualified Zone Academy Bond allocations from the 2011 national limitation or any carry forward of the 2011 allocation.

The Patient Protection and Affordable Care Act of 2010 (P.L. 111–148), section 10909, modified the existing adoption credit to make it a refundable credit for two years (2010 and 2011). The refundability provision has expired and the adoption credit is again limited to tax liability.


Identification code 020–0904–0–1–908		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Refunding Internal Revenue Collections, Interest (Direct)	1,530	1,424	1,996

0900	Total new obligations (object class 43.0)	1,530	1,424	1,996

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1,530	1,424	1,996
1930	Total budgetary resources available	1,530	1,424	1,996

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	1,530	1,424	1,996
3020	Outlays (gross)	–1,530	–1,424	–1,996

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,530	1,424	1,996
	Outlays, gross:
4100	Outlays from new mandatory authority	1,530	1,424	1,996
4180	Budget authority, net (total)	1,530	1,424	1,996
4190	Outlays, net (total)	1,530	1,424	1,996

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


Identification code 020–0949–0–1–551		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Premium assistance tax credit	28,331	29,970	32,148
0002	Advanced cost sharing reductions	4,952	5,789	6,305
0003	Basic Health Program	2,824	4,370	4,490

0900	Total new obligations (object class 41.0)	36,107	40,129	42,943

	Budgetary resources:
	Unobligated balance:
1033	Recoveries of prior year paid obligations	5,280
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	30,827	40,129	42,943
1900	Budget authority (total)	30,827	40,129	42,943
1930	Total budgetary resources available	36,107	40,129	42,943

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	36,107	40,129	42,943
3020	Outlays (gross)	–36,107	–40,129	–42,943

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	30,827	40,129	42,943
	Outlays, gross:
4100	Outlays from new mandatory authority	30,827	40,129	42,943
4101	Outlays from mandatory balances	5,280

4110	Outlays, gross (total)	36,107	40,129	42,943
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–5,280
	Additional offsets against gross budget authority only:
4143	Recoveries of prior year paid obligations, unexpired accounts	5,280

4160	Budget authority, net (mandatory)	30,827	40,129	42,943
4170	Outlays, net (mandatory)	30,827	40,129	42,943
4180	Budget authority, net (total)	30,827	40,129	42,943
4190	Outlays, net (total)	30,827	40,129	42,943


		2016 actual	2017 est.	2018 est.

Enacted/requested:
	Budget Authority	30,827	40,129	42,943
	Outlays	30,827	40,129	42,943
Legislative proposal, subject to PAYGO:
	Budget Authority			–13
	Outlays			–13
Total:
	Budget Authority	30,827	40,129	42,930
	Outlays	30,827	40,129	42,930

The Patient Protection and Affordable Care Act (PPACA) of 2010 (P.L. 111–148) established the Refundable Premium Tax Credit. This credit is an advanceable, refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace, also known as the Exchange, beginning in 2014. The credit can be paid in advance to the taxpayer's insurance company to lower the monthly premiums, or it can be claimed when a taxpayer files their income tax return for the year. If the credit is paid in advance, the taxpayer must reconcile the advance credit payments with the actual credit computed on the tax return, subject to certain caps.

Section 1402 of PPACA provides for reductions in cost sharing for eligible individuals enrolled in qualified health plans purchased on the Exchanges. The reduction in cost sharing will first be achieved by reducing applicable out-of-pocket limits under section 1302 of PPACA. An additional reduction will be allowed for lower income insured individuals and special rules will apply for American Indians and Alaska Natives.

Section 1331 of PPACA provides for the establishment of a Basic Health Program, under which a state may offer standard health plans to eligible individuals in lieu of offering such individuals coverage through an Exchange. Eligible individuals include state residents without access to affordable, minimum essential coverage (including those not eligible to enroll in the state's Medicaid program) who meet certain income, residency, and age requirements.

Section 1412 of PPACA provides for advance payments of the premium tax credit and cost-sharing reductions.


Identification code 020–0949–4–1–551		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Premium assistance tax credit			88
0002	Advanced cost sharing reductions			–101

0900	Total new obligations (object class 41.0)			–13

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–13
1900	Budget authority (total)			–13
1930	Total budgetary resources available			–13

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–13
3020	Outlays (gross)			13

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–13
	Outlays, gross:
4100	Outlays from new mandatory authority			–13
4180	Budget authority, net (total)			–13
4190	Outlays, net (total)			–13

The Budget includes proposals to extend the Children's Health Insurance Program and implement medical liability reform.


Identification code 020–5432–0–2–803		2016 actual	2017 est.	2018 est.

0100	Balance, start of year	3	2	2
	Receipts:
	Current law:
1110	Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees	7	9	8
1110	Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees	25	25	25
1130	New Installment Agreements, IRS Miscellaneous Retained Fees	154	184	224
1130	Restructured Installment Agreements, IRS Miscellaneous Retained Fees	46	61	78
1130	General User Fees, IRS Miscellaneous Retained Fees	142	148	156
1130	Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees	5	4	4

1199	Total current law receipts	379	431	495

1999	Total receipts	379	431	495

2000	Total: Balances and receipts	382	433	497
	Appropriations:
	Current law:
2101	IRS Miscellaneous Retained Fees	–379	–431	–495
2103	IRS Miscellaneous Retained Fees	–3	–2	–2
2132	IRS Miscellaneous Retained Fees	2	2

2199	Total current law appropriations	–380	–431	–497

2999	Total appropriations	–380	–431	–497

5099	Balance, end of year	2	2


Identification code 020–5432–0–2–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	IRS Miscellaneous Retained Fees (Direct)	3	3	3

0900	Total new obligations (object class 44.0)	3	3	3

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	193	245	170
1010	Unobligated balance transfer to other accts [020–0912]	–12	–40	–37
1010	Unobligated balance transfer to other accts [020–0919]	–97	–144	–71
1010	Unobligated balance transfer to other accts [020–0913]	–9	–13	–16

1050	Unobligated balance (total)	75	48	46
	Budget authority:
	Appropriations, discretionary:
1120	Appropriations transferred to other accts [020–0919]	–149	–266	–371
1120	Appropriations transferred to other accts [020–0912]	–58	–4	–31
1120	Appropriations transferred to other acct [020–0921]		–36

1160	Appropriation, discretionary (total)	–207	–306	–402
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	379	431	495
1203	Appropriation (previously unavailable)	3	2	2
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–2

1260	Appropriations, mandatory (total)	380	431	497
1900	Budget authority (total)	173	125	95
1930	Total budgetary resources available	248	173	141
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	245	170	138

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3	3	3
3020	Outlays (gross)	–3	–3	–3

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	–207	–306	–402
	Mandatory:
4090	Budget authority, gross	380	431	497
	Outlays, gross:
4101	Outlays from mandatory balances	3	3	3
4180	Budget authority, net (total)	173	125	95
4190	Outlays, net (total)	3	3	3

As provided by law (26 U.S.C. 7801), the Secretary of the Treasury may establish new fees or raise existing fees for services provided by the IRS to recover the value of the service provided, where such fees are authorized by another law, and may spend the new or increased fee receipts to supplement appropriations made available to the IRS appropriations accounts. Funds in this account are transferred to other IRS appropriations accounts for expenditure.


Identification code 020–5080–0–2–808		2016 actual	2017 est.	2018 est.

0100	Balance, start of year
	Receipts:
	Current law:
1130	Gifts to the United States for Reduction of the Public Debt	3	4	4

2000	Total: Balances and receipts	3	4	4
	Appropriations:
	Current law:
2101	Gifts to the United States for Reduction of the Public Debt	–3	–4	–4

5099	Balance, end of year


Identification code 020–5080–0–2–808		2016 actual	2017 est.	2018 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	3	4	4
1236	Appropriations applied to repay debt	–3	–4	–4
4180	Budget authority, net (total)
4190	Outlays, net (total)

As provided by law (31 U.S.C. 3113), the Secretary of the Treasury is authorized to accept conditional gifts to the United States for the purpose of reducing the public debt.


Identification code 020–5510–0–2–803		2016 actual	2017 est.	2018 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	Private Collection Agent Program		15	60

2000	Total: Balances and receipts		15	60
	Appropriations:
	Current law:
2101	Private Collection Agent Program		–15	–60

5099	Balance, end of year


Identification code 020–5510–0–2–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Direct program activity (Collection Activities)	9	1
0002	Payments to Private Collection Agencies		8	30
0003	Special Compliance Personnel Program		4	12

0900	Total new obligations, unexpired accounts	9	13	42

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	10	1	3
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)		15	60
1930	Total budgetary resources available	10	16	63
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1	3	21

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		6	2
3010	New obligations, unexpired accounts	9	13	42
3020	Outlays (gross)	–3	–17	–44

3050	Unpaid obligations, end of year	6	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		6	2
3200	Obligated balance, end of year	6	2

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		15	60
	Outlays, gross:
4100	Outlays from new mandatory authority		12	41
4101	Outlays from mandatory balances	3	5	3

4110	Outlays, gross (total)	3	17	44
4180	Budget authority, net (total)		15	60
4190	Outlays, net (total)	3	17	44

This account reflects the funds that the IRS is allowed to retain and expend for qualified tax collection contracts with private collection agents and the special compliance personnel program. The American Jobs Creation Act of 2004 (P.L. 108–357) allowed the IRS to use private collection contractors to supplement its own collection staff efforts to ensure that all taxpayers pay what they owe. The statute authorized the Treasury to retain and use an amount not in excess of 25 percent of the amount collected under any qualified tax collection contract for payments to private collection agents, and an amount not in excess of 25 percent of the amount collected for enforcement activities of the IRS (26 USC 6306). The IRS used this authority to contract with several private debt collection agencies starting in 2006. In March 2009, the IRS allowed its private debt collection contracts to expire, thereby administratively terminating the program in accordance with Omnibus Appropriations Act, 2009 Administrative Provisions - Internal Revenue Service, Section 106 (P.L. 111–8). This provision stated that none of the funds made available in this Act maybe used to enter into, renew, extend, administer, implement, enforce, or provide oversight of any qualified tax collection contract as defined in section 6306 of the Internal Revenue Code of 1986.

Section 32102(a) of the Fixing America's Surface Transportation Act of 2015 (P.L. 114–94), amended section 6306 of the Internal Revenue Code (IRC) and requires the Secretary of the Treasury to enter into one or more qualified tax collection contracts for the collection of all outstanding inactive tax receivables. These agreements are applicable to tax receivables as identified by the Secretary after December 4, 2015. Section 6306 of the IRC prohibits the payment of fees for all services in excess of 25 percent of the amount collected under a tax collection contract for payments to private collection agents. In addition, up to 25 percent of the amount collected may be used to fund the special compliance personnel program account under section 6307.

Inactive tax receivables are defined as any tax receivable (1) removed from the active inventory for lack of resources or inability to locate the taxpayer, (2) for which more than 1/3 of the applicable limitations period has lapsed and no IRS employee has been assigned to collect the receivable; or (3) for which a receivable has been assigned for collection but more than 365 days have passed without interaction with the taxpayer or a third party for purposes of furthering the collection. Tax receivables are defined as any outstanding assessment that the IRS includes in potentially collectible inventory.


Identification code 020–5510–0–2–803		2016 actual	2017 est.	2018 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent		1	7
12.1	Civilian personnel benefits			2
25.1	Advisory and assistance services	8	1	1
25.2	Other services from non-Federal sources		8	32
25.3	Other goods and services from Federal sources		2

99.0	Direct obligations	8	12	42
99.5	Below Reporting Threshold	1	1

99.9	Total new obligations, unexpired accounts	9	13	42


Identification code 020–5510–0–2–803		2016 actual	2017 est.	2018 est.

1001	Direct civilian full-time equivalent employment	5	17	84


Identification code 020–5433–0–2–803		2016 actual	2017 est.	2018 est.

0100	Balance, start of year
	Receipts:
	Current law:
1140	Underpayment and Fraud Collection	42	54	54

2000	Total: Balances and receipts	42	54	54
	Appropriations:
	Current law:
2101	Informant Payments	–42	–54	–54

5099	Balance, end of year


Identification code 020–5433–0–2–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Informant Payments	42	50	54

0900	Total new obligations (object class 91.0)	42	50	54

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	42	54	54
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–4

1260	Appropriations, mandatory (total)	42	50	54
1930	Total budgetary resources available	42	50	54

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	42	50	54
3020	Outlays (gross)	–42	–50	–54

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	42	50	54
	Outlays, gross:
4100	Outlays from new mandatory authority	42	50	54
4180	Budget authority, net (total)	42	50	54
4190	Outlays, net (total)	42	50	54

As provided by law (26 U.S.C. 7623), the Secretary of the Treasury may make payments to individuals who provide information that leads to the collection of Internal Revenue taxes. The Taxpayer Bill of Rights of 1996 (P.L. 104–168) provides for payments of such sums to individuals from the proceeds of amounts collected by reason of the information provided, and any amount collected shall be available for such payments. This information must lead to the detection of underpayments of taxes, or detection and bringing to trial and punishment of persons guilty of violating the Internal Revenue laws. This provision was further amended by the Tax Relief and Health Care Act of 2006 (P.L. 109–432) to provide for mandatory payments in certain circumstances and to encourage use of the program. A reward payment typically ranges between 15 and 30 percent of the collected proceeds for cases where the amount of collected proceeds exceeds $2,000,000. Lower payments are allowed in certain circumstances, including cases in which information is provided that was already available from another source.


Identification code 020–4413–0–3–803		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0801	Federal Tax Lien Revolving Fund (Reimbursable)	1

0900	Total new obligations (object class 32.0)	1

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	8	7	7
1930	Total budgetary resources available	8	7	7
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	7	7	7

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

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

This revolving fund was established pursuant to section 112(a) of the Federal Tax Lien Act of 1966, to serve as the source of financing the redemption of real property by the United States. During the process of collecting unpaid taxes, the Government may place a tax lien on real estate in order to protect the Government's interest and this account provides the resources to administer the program.

The Internal Revenue Service Restructuring and Reform Act of 1998 (Section 7802(d) 26 U.S.C.) directs the IRS Oversight Board to provide an annual budget request for the IRS. The Oversight Board's request shall be submitted to the President by the Secretary without revision, and the President shall submit the request, without revision, to Congress together with the President's Budget request for the IRS. The Board did not make a recommendation for 2018 as it currently lacks a quorum. The Board will reconvene once it has enough Senate-confirmed members to make a quorum.

Trust Funds


Identification code 020–8413–0–8–373		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0881	Bank Supervision	1,090	1,182	1,228

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,302	1,400	1,351
1021	Recoveries of prior year unpaid obligations	18

1050	Unobligated balance (total)	1,320	1,400	1,351
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,167	1,133	1,228
1801	Change in uncollected payments, Federal sources	3

1850	Spending auth from offsetting collections, mand (total)	1,170	1,133	1,228
1930	Total budgetary resources available	2,490	2,533	2,579
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,400	1,351	1,351

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	238	268	319
3010	New obligations, unexpired accounts	1,090	1,182	1,228
3020	Outlays (gross)	–1,042	–1,131	–1,206
3040	Recoveries of prior year unpaid obligations, unexpired	–18

3050	Unpaid obligations, end of year	268	319	341
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–5	–8	–8
3070	Change in uncollected pymts, Fed sources, unexpired	–3

3090	Uncollected pymts, Fed sources, end of year	–8	–8	–8
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	233	260	311
3200	Obligated balance, end of year	260	311	333

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,170	1,133	1,228
	Outlays, gross:
4100	Outlays from new mandatory authority	944	991	1,091
4101	Outlays from mandatory balances	98	140	115

4110	Outlays, gross (total)	1,042	1,131	1,206
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–14	–23	–23
4121	Interest on Federal securities	–18	–23	–23
4123	Non-Federal sources	–1,135	–1,087	–1,182

4130	Offsets against gross budget authority and outlays (total)	–1,167	–1,133	–1,228
	Additional offsets against gross budget authority only:
4140	Change in uncollected pymts, Fed sources, unexpired	–3
4170	Outlays, net (mandatory)	–125	–2	–22
4180	Budget authority, net (total)
4190	Outlays, net (total)	–125	–2	–22

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	1,535	1,656	1,662
5001	Total investments, EOY: Federal securities: Par value	1,656	1,662	1,684

The Office of the Comptroller of the Currency (OCC) was created by Congress to charter national banks; oversee a nationwide system of banking institutions; and ensure national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers. The National Currency Act of 1863 (12 U.S.C. 1 et seq., 12 Stat. 665), rewritten and reenacted as the National Bank Act of 1864, provided for the chartering and supervising functions of the OCC. The income of OCC is derived principally from assessments paid by national banks and interest on investments in U.S. Government securities. The OCC receives no appropriated funds from Congress.

Effective on July 21, 2011, Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203) transferred to the OCC the responsibility for supervision and rulemaking authority for all savings associations. The prior regulator, the Office of Thrift Supervision, was integrated into OCC at this time.

As of September 30, 2016, the OCC supervised 1,028 national bank charters, 49 Federal branches of foreign banks, and 375 Federal savings associations. In total, the OCC supervises approximately $11.6 trillion in financial institution assets.


Identification code 020–8413–0–8–373		2016 actual	2017 est.	2018 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	524	562	602
11.3	Other than full-time permanent	8	8	9
11.5	Other personnel compensation	3	3	3

11.9	Total personnel compensation	535	573	614
12.1	Civilian personnel benefits	250	277	298
21.0	Travel and transportation of persons	56	62	63
22.0	Transportation of things	3	3	3
23.2	Rental payments to others	64	66	65
23.3	Communications, utilities, and miscellaneous charges	15	18	18
24.0	Printing and reproduction	1	1	1
25.1	Advisory and assistance services	29	26	23
25.2	Other services from non-Federal sources	21	22	21
25.3	Other goods and services from Federal sources	14	14	14
25.4	Operation and maintenance of facilities	7	6	6
25.7	Operation and maintenance of equipment	57	69	66
26.0	Supplies and materials	6	8	8
31.0	Equipment	25	27	27
32.0	Land and structures	1	10	1
42.0	Insurance claims and indemnities	6

99.0	Reimbursable obligations	1,090	1,182	1,228

99.9	Total new obligations, unexpired accounts	1,090	1,182	1,228


Identification code 020–8413–0–8–373		2016 actual	2017 est.	2018 est.

2001	Reimbursable civilian full-time equivalent employment	3,845	3,938	4,041

Federal Funds


Identification code 020–0550–0–1–901		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities	429,963	474,506	507,005

0900	Total new obligations (object class 43.0)	429,963	474,506	507,005

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	429,963	474,506	507,005
1930	Total budgetary resources available	429,963	474,506	507,005

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	429,963	474,506	507,005
3020	Outlays (gross)	–429,963	–474,506	–507,005

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	429,963	474,506	507,005
	Outlays, gross:
4100	Outlays from new mandatory authority	429,963	474,506	507,005
4180	Budget authority, net (total)	429,963	474,506	507,005
4190	Outlays, net (total)	429,963	474,506	507,005

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


Identification code 020–0550–2–1–901		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities			76

0900	Total new obligations (object class 43.0)			76

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			76
1930	Total budgetary resources available			76

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			76
3020	Outlays (gross)			–76

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			76
	Outlays, gross:
4100	Outlays from new mandatory authority			76
4180	Budget authority, net (total)			76
4190	Outlays, net (total)			76


Identification code 020–0550–4–1–901		2016 actual	2017 est.	2018 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities			–1,503

0900	Total new obligations (object class 43.0)			–1,503

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–1,503
1930	Total budgetary resources available			–1,503

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–1,503
3020	Outlays (gross)			1,503

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–1,503
	Outlays, gross:
4100	Outlays from new mandatory authority			–1,503
4180	Budget authority, net (total)			–1,503
4190	Outlays, net (total)			–1,503

(1) the obligations made during the previous quarter by object class, office, and activity;

(2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity;

(3) the number of full-time equivalents within each office during the previous quarter;

(4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and

(5) actions taken to achieve the goals, objectives, and performance measures of each office.

(c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

(1) none of the funds made available in this or any other Act may be used by the Department of the Treasury, including the Internal Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other guidance not limited to a particular taxpayer relating to the standard which is used to determine whether an organization is operated exclusively for the promotion of social welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including the proposed regulations published at 78 Fed. Reg. 71535 (November 29, 2013)); and

(2) the standard and definitions as in effect on January 1, 2010, which are used to make such determinations shall apply after the date of the enactment of this Act for purposes of determining status under section 501(c)(4) of such Code of organizations created on, before, or after such date.

(a) in subsection (c)(2) by striking ", multiplied by an amount equal to the outstanding principal balance of issued notes or bonds"; and

(b) in subsection (e)(2)(B) by striking "$100,000,000" and inserting "$50,000,000".


		2016 actual	2017 est.	2018 est.

Governmental receipts:
010–086400	Filing Fees, P.L. 109–171, Title X: Enacted/requested	54	54	54
020–015800	Transportation Fuels Tax: Enacted/requested	–4,755	–3,456	–987
020–065000	Deposit of Earnings, Federal Reserve System: Enacted/requested	115,672	97,002	69,964
020–065000	Legislative proposal, subject to PAYGO			160
020–085000	Registration, Filing, and Transaction Fees: Enacted/requested	4	4	4
345–086900	Fees for Legal and Judicial Services, not Otherwise Classified: Enacted/requested	47	47	47
096–089100	Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified: Enacted/requested	477	605	605
012–101000	Fines, Penalties, and Forfeitures, Agricultural Laws: Enacted/requested	4	4	4
020–102000	Fines, Penalties, and Forfeitures, Economic Stabilization Laws: Enacted/requested	4	4	4
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Enacted/requested	167	162	162
034–104000	Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws: Enacted/requested	4,997	4,997	4,997
020–105000	Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws: Enacted/requested	14	19	19
096–106000	Forfeitures of Unclaimed Money and Property: Enacted/requested	27	17	17
010–108000	Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws: Enacted/requested	56	70	70
020–109600	Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees: Enacted/requested		1,434	7,228
020–109700	Penalties on Individuals Who Do not Have Health Coverage: Enacted/requested		6,338	5,430
020–241100	User Fees for IRS: Enacted/requested	24	14	12
020–249200	Premiums, Terrorism Risk Insurance Program: Enacted/requested			93
020–309400	Recovery from Airport and Airway Trust Fund for Refunds of Taxes: Enacted/requested	13	18	18
020–309500	Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA: Enacted/requested	5	6	6
020–309990	Refunds of Moneys Erroneously Received and Recovered (20X1807): Enacted/requested	–57	–57	–57
075–086600	Transitional Reinsurance Contributions to the General Fund: Enacted/requested		722	199
050–085015	Registration, Filing, and Transaction Fees, SEC: Enacted/requested	441	575	610
220–109900	Fines, Penalties, and Forfeitures, not Otherwise Classified: Enacted/requested	3,074	6,503	6,503
901–011050	Individual Income Taxes: Enacted/requested	1,546,046	1,659,875	1,835,670
901–011050	Legislative proposal, subject to PAYGO			290
020–011100	Corporation Income and Excess Profits Taxes: Enacted/requested	299,571	323,614	354,851
020–011100	Legislative proposal, subject to PAYGO			75
901–015250	Other Federal Fund Excise Taxes: Enacted/requested	1,026	1,550	1,559
020–015300	Estate and Gift Taxes: Enacted/requested	21,354	23,139	24,331
901–015500	Tobacco Excise Tax: Enacted/requested	14,103	13,977	13,851
901–015600	Alcohol Excise Tax: Enacted/requested	9,799	9,942	10,058
901–015700	Telephone Excise Tax: Enacted/requested	548	555	505
901–015913	Fee on Health Insurance Providers: Enacted/requested	11,239	68	14,281
901–015914	Tax on Indoor Tanning Services: Enacted/requested	79	78	76
901–015915	Excise Tax on Medical Device Manufacturers: Enacted/requested	619	–23	1,551
901–031050	Other Federal Fund Customs Duties: Enacted/requested	22,891	21,854	27,307
General Fund Governmental receipts		2,047,543	2,169,711	2,379,567


Offsetting receipts from the public:
020–129900	Gifts to the United States, not Otherwise Classified: Enacted/requested	8	8	8
020–143500	General Fund Proprietary Interest Receipts, not Otherwise Classified: Enacted/requested	1	1	1
020–145000	Interest Payments from States, Cash Management Improvement: Enacted/requested		1	1
020–146310	Interest on Quota in International Monetary Fund: Enacted/requested	3	3	3
020–146320	Interest on Loans to International Monetary Fund: Enacted/requested	4	4	4
020–149900	Interest Received from Credit Financing Accounts: Enacted/requested	41,475	45,046	46,682
020–168200	Gain by Exchange on Foreign Currency Denominated Public Debt Securities: Enacted/requested	13
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401: Enacted/requested	2,797	3,196	3,463
020–267710	Community Development Financial Institutions Fund, Negative Subsidies: Enacted/requested	5
020–276330	Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies: Enacted/requested	1	9
020–278430	Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies: Enacted/requested	44	25
020–279030	GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies: Enacted/requested	17	38
020–279230	Troubled Asset Relief Program, Downward Reestimates of Subsidies: Enacted/requested	855	90
020–289400	Proceeds, GSE Equity Related Transactions: Enacted/requested	11,522	23,405	16,797
020–289400	Legislative proposal, not subject to PAYGO			455
020–322000	All Other General Fund Proprietary Receipts: Enacted/requested	672	845	845
020–387500	Budget Clearing Account (suspense): Enacted/requested	–45
086–289100	Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund: Enacted/requested	1
General Fund Offsetting receipts from the public		57,373	72,671	68,259


Intragovernmental payments:
089–142400	Interest on Investment, Colorado River Projects: Enacted/requested		4	4
020–133800	Interest on Loans to the Presidio: Enacted/requested	3	3	3
020–135100	Interest on Loans to BPA: Enacted/requested	988	240	260
020–136000	Interest on Loans to Western Area Power Administration: Enacted/requested	2	2	2
020–136300	Interest on Loans for College Housing and Academic Facilities Loans, Education: Enacted/requested	2	2	2
020–140100	Interest on Loans to Commodity Credit Corporation: Enacted/requested	74	59	124
020–141300	Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA: Enacted/requested	5	37	33
020–141500	Interest on Loans to Federal Deposit Insurance Corporation: Enacted/requested		8	39
020–141800	Interest on Loans to Federal Financing Bank: Enacted/requested	1,939	1,336	1,616
020–143300	Interest on Loans to National Flood Insurance Fund, DHS: Enacted/requested	345	377	393
020–149500	Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund: Enacted/requested	123	152	187
020–149700	Payment of Interest on Advances to the Railroad Retirement Board: Enacted/requested	97	99	138
020–150110	Interest on Loans or Advances to the Extended Unemployment Compensation Account: Enacted/requested	328	130	30
020–150120	Interest on Loans and Repayable Advances to the Federal Unemployment Account: Enacted/requested	3
020–241600	Charges for Administrative Expenses of Social Security Act As Amended: Enacted/requested	579	732	694
020–310100	Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes: Enacted/requested	115	85	84
020–311200	Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct: Enacted/requested	13	13	13
020–320000	Receivables from Cancelled Accounts: Enacted/requested	1	1	1
020–388500	Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts: Enacted/requested	203
073–142800	Interest on Advances to Small Business Administration: Enacted/requested	1	1	1

General Fund Intragovernmental payments		4,821	3,281	3,624

(1) any official background investigation report on any individual from the Federal Bureau of Investigation; or

(2) a determination with respect to the treatment of an organization as described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code from the Department of the Treasury or the Internal Revenue Service.

(1) in the case of an official background investigation report, if such individual has given express written consent for such request not more than 6 months prior to the date of such request and during the same presidential administration; or

(2) if such request is required due to extraordinary circumstances involving national security.

(2) Any such agency with authority to enter into an emergency lease may do so during any period declared by the President to require emergency leasing authority with respect to such agency.

(b) For purposes of this section, the term "Executive agency covered by this Act" means any Executive agency provided funds by this Act, but does not include the General Services Administration or the United States Postal Service.

(A) with respect to the health benefits of retired employees, as authorized by chapter 89 of title 5, United States Code, and the Retired Federal Employees Health Benefits Act (74 Stat. 849); and

(B) with respect to the life insurance benefits for employees retiring after December 31, 1989 (5 U.S.C. ch. 87).

(4) Payment to finance the unfunded liability of new and increased annuity benefits under the Civil Service Retirement and Disability Fund (5 U.S.C. 8348).

(5) Payment of annuities authorized to be paid from the Civil Service Retirement and Disability Fund by statutory provisions other than subchapter III of chapter 83 or chapter 84 of title 5, United States Code.

(b) Nothing in this section may be construed to exempt any amount appropriated by this section from any otherwise applicable limitation on the use of funds contained in this Act.

(b) Amounts appropriated for any executive branch agency funded by this Act that are available for information technology shall be allocated within the agency, consistent with the provisions of appropriations Acts and budget guidelines and recommendations from the Director of the Office of Management and Budget, in such manner as specified by, or approved by, the Chief Information Officer of the agency in consultation with the Chief Financial Officer of the agency and budget officials.

(1) is not less comprehensive than the complimentary identity protection coverage that the Office provided to affected individuals before the date of enactment of this Act;

(b) Definition.—In this section, the term "affected individual" means any individual whose Social Security Number was compromised during—

(1) the 2015 data breach of personnel records of current and former Federal employees, at a network maintained by the Department of the Interior; or

(2) the 2015 data breach of systems of the Office of Personnel Management containing information related to the background investigations of current, former, and prospective Federal employees, and of other individuals.

DEPARTMENT OF THE TREASURY

Departmental Offices

Federal Funds

salaries and expenses

Office of Terrorism and Financial Intelligence

salaries and expenses

Cybersecurity Enhancement Account

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

Counterterrorism Fund

Terrorism Insurance Program

Treasury Forfeiture Fund

(Cancellation)

(Including Return of Funds)

Financial Research Fund

Presidential Election Campaign Fund

Exchange Stabilization 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

Financial Innovation for Working Families Fund

Office of Financial Stability

Troubled Asset Relief Program Account

Troubled Asset Relief Program Direct 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

Allotment for Puerto Rico EITC Payments

State Small Business Credit Initiative

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 Development Financial Institutions

Capital Magnet Fund, Community Development Financial Institutions

(Legislative proposal, subject to PAYGO)

Gifts and Bequests

Financial Crimes Enforcement Network

Federal Funds

salaries and expenses

Fiscal Service

Federal Funds

Salaries and Expenses

Reimbursements to Federal Reserve Banks

Payment to the Resolution Funding Corporation

Hope Reserve Fund

Federal Reserve Bank Reimbursement Fund

Payment of Government Losses in Shipment

Financial Agent Services

Interest on Uninvested Funds

Federal Interest Liabilities to States

Interest Paid to Credit Financing Accounts

Claims, Judgments, and Relief Acts

Restitution of Forgone Interest

Continued Dumping and Subsidy Offset

Check Forgery Insurance Fund

Trust Funds

Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund

Gulf Coast Restoration Trust Fund

Federal Financing Bank

Federal Funds

Federal Financing Bank

Alcohol and Tobacco Tax and Trade Bureau

Federal Funds

salaries and expenses

Internal Revenue Collections for Puerto Rico

Bureau of Engraving and Printing

Federal Funds

Bureau of Engraving and Printing Fund