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 $700,000 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, 2020, 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 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended). The amounts included for 2018 reflect the annualized level provided by the continuing resolution.


Identification code 020–0101–0–1–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Executive Direction	37	39	37
0002	International Affairs and Economic Policy	61	60	55
0003	Domestic Finance and Tax Policy	81	81	71
0004	Terrorism and Financial Intelligence	28	28
0005	Treasury-wide Management and Programs	43	43	39

0100	Subtotal, Direct programs	250	251	202

0799	Total direct obligations	250	251	202
0811	Salaries and Expenses (Reimbursable)	77	80	12

0900	Total new obligations, unexpired accounts	327	331	214

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	22	23	23
1012	Unobligated balance transfers between expired and unexpired accounts	1
1021	Recoveries of prior year unpaid obligations	1

1050	Unobligated balance (total)	24	23	23
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	224	223	202
1121	Appropriations transferred from other acct [020–1804]	28	28

1160	Appropriation, discretionary (total)	252	251	202
	Spending authority from offsetting collections, discretionary:
1700	Collected	55	80	12
1701	Change in uncollected payments, Federal sources	21

1750	Spending auth from offsetting collections, disc (total)	76	80	12
1900	Budget authority (total)	328	331	214
1930	Total budgetary resources available	352	354	237
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–2
1941	Unexpired unobligated balance, end of year	23	23	23

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	89	91	70
3010	New obligations, unexpired accounts	327	331	214
3011	Obligations ("upward adjustments"), expired accounts	7
3020	Outlays (gross)	–318	–352	–256
3040	Recoveries of prior year unpaid obligations, unexpired	–1
3041	Recoveries of prior year unpaid obligations, expired	–13

3050	Unpaid obligations, end of year	91	70	28
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–35	–32	–32
3070	Change in uncollected pymts, Fed sources, unexpired	–21
3071	Change in uncollected pymts, Fed sources, expired	24

3090	Uncollected pymts, Fed sources, end of year	–32	–32	–32
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	54	59	38
3200	Obligated balance, end of year	59	38	–4

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	328	331	214
	Outlays, gross:
4010	Outlays from new discretionary authority	256	299	188
4011	Outlays from discretionary balances	62	53	68

4020	Outlays, gross (total)	318	352	256
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–77	–80	–12
4033	Non-Federal sources	–1

4040	Offsets against gross budget authority and outlays (total)	–78	–80	–12
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–21
4052	Offsetting collections credited to expired accounts	23

4060	Additional offsets against budget authority only (total)	2

4070	Budget authority, net (discretionary)	252	251	202
4080	Outlays, net (discretionary)	240	272	244
4180	Budget authority, net (total)	252	251	202
4190	Outlays, net (total)	240	272	244

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		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	107	113	83
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	3	2	3

11.9	Total personnel compensation	112	117	88
12.1	Civilian personnel benefits	35	33	27
21.0	Travel and transportation of persons	3	4	3
23.1	Rental payments to GSA	3	1
23.2	Rental payments to others	1	1	1
23.3	Communications, utilities, and miscellaneous charges	3
25.1	Advisory and assistance services	28	20	9
25.2	Other services from non-Federal sources	11	8	4
25.3	Other goods and services from Federal sources	35	54	65
25.4	Operation and maintenance of facilities	1
25.5	Research and development contracts		2
25.7	Operation and maintenance of equipment	1	1
26.0	Supplies and materials	4	4	3
31.0	Equipment	9	6	3
32.0	Land and structures	4

99.0	Direct obligations	250	251	203
99.0	Reimbursable obligations	75	80	12
99.5	Adjustment for rounding	2		–1

99.9	Total new obligations, unexpired accounts	327	331	214


Identification code 020–0101–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	856	856	646
2001	Reimbursable civilian full-time equivalent employment	99	100	58

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, $159,000,000: Provided, That of the amounts appropriated under this heading, $10,000,000 shall remain available until September 30, 2020.


Identification code 020–1804–0–1–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Terrorism and Financial Intelligence	94	94	159
0811	Salaries and Expenses (Reimbursable)	6	8	8

0900	Total new obligations, unexpired accounts	100	102	167

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4	4	4
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	123	122	159
1120	Appropriations transferred to other acct [020–0101]	–28	–28

1160	Appropriation, discretionary (total)	95	94	159
	Spending authority from offsetting collections, discretionary:
1700	Collected	4	8	8
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	6	8	8
1900	Budget authority (total)	101	102	167
1930	Total budgetary resources available	105	106	171
	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	31	32	28
3010	New obligations, unexpired accounts	100	102	167
3011	Obligations ("upward adjustments"), expired accounts	4
3020	Outlays (gross)	–100	–106	–167
3041	Recoveries of prior year unpaid obligations, expired	–3

3050	Unpaid obligations, end of year	32	28	28
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–4	–3	–3
3070	Change in uncollected pymts, Fed sources, unexpired	–2
3071	Change in uncollected pymts, Fed sources, expired	3

3090	Uncollected pymts, Fed sources, end of year	–3	–3	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	27	29	25
3200	Obligated balance, end of year	29	25	25

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	101	102	167
	Outlays, gross:
4010	Outlays from new discretionary authority	72	85	139
4011	Outlays from discretionary balances	28	21	28

4020	Outlays, gross (total)	100	106	167
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–7	–8	–8
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–2
4052	Offsetting collections credited to expired accounts	3

4060	Additional offsets against budget authority only (total)	1

4070	Budget authority, net (discretionary)	95	94	159
4080	Outlays, net (discretionary)	93	98	159
4180	Budget authority, net (total)	95	94	159
4190	Outlays, net (total)	93	98	159

The Office of Terrorism and Financial Intelligence (TFI) 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. The Budget prioritizes funding for TFI's targeted financial tools and authorities, including sanctions programs and the Terrorist Financing Targeting Center, aimed at countering countries, organizations, and individuals that threaten U.S. interests.


Identification code 020–1804–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	45	46	60
11.3	Other than full-time permanent			1
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	46	47	62
12.1	Civilian personnel benefits	15	15	20
21.0	Travel and transportation of persons	2	2	2
22.0	Transportation of things			1
25.1	Advisory and assistance services	16	13	16
25.2	Other services from non-Federal sources	1	9	11
25.3	Other goods and services from Federal sources	6	3	44
25.7	Operation and maintenance of equipment	1
26.0	Supplies and materials	2	2	2
31.0	Equipment	3	1	1
32.0	Land and structures	1

99.0	Direct obligations	93	92	159
99.0	Reimbursable obligations	6	8	8
99.5	Adjustment for rounding	1	2

99.9	Total new obligations, unexpired accounts	100	102	167


Identification code 020–1804–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	395	421	518
2001	Reimbursable civilian full-time equivalent employment	33	36	36

For salaries and expenses for enhanced cybersecurity for systems operated by the Department of the Treasury, $25,208,000, to remain available until September 30, 2021: 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Treasury-wide	8	47	25

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		40	40
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	48	47	25
1930	Total budgetary resources available	48	87	65
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	40	40	40

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		8	40
3010	New obligations, unexpired accounts	8	47	25
3020	Outlays (gross)		–15	–53

3050	Unpaid obligations, end of year	8	40	12
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		8	40
3200	Obligated balance, end of year	8	40	12

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	48	47	25
	Outlays, gross:
4010	Outlays from new discretionary authority		9	5
4011	Outlays from discretionary balances		6	48

4020	Outlays, gross (total)		15	53
4180	Budget authority, net (total)	48	47	25
4190	Outlays, net (total)		15	53

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. This account allows Treasury to more proactively and strategically protect Treasury systems against cybersecurity threats. 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 allows 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		2017 actual	2018 est.	2019 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent		2	2
12.1	Civilian personnel benefits		1	1
25.1	Advisory and assistance services	7	14	6
25.2	Other services from non-Federal sources		9	2
25.3	Other goods and services from Federal sources		8	3
25.7	Operation and maintenance of equipment	1
31.0	Equipment		13	11

99.9	Total new obligations, unexpired accounts	8	47	25


Identification code 020–1855–0–1–808		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment		19	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, $4,000,000, to remain available until September 30, 2021: 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Department-wide Systems and Capital Investments Programs (Direct)	8	3	4

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	2	2
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3	3	4
1930	Total budgetary resources available	10	5	6
	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	2	6	7
3010	New obligations, unexpired accounts	8	3	4
3020	Outlays (gross)	–3	–2	–4
3041	Recoveries of prior year unpaid obligations, expired	–1

3050	Unpaid obligations, end of year	6	7	7
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	2	6	7
3200	Obligated balance, end of year	6	7	7

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3	3	4
	Outlays, gross:
4010	Outlays from new discretionary authority		1	2
4011	Outlays from discretionary balances	3	1	2

4020	Outlays, gross (total)	3	2	4
4180	Budget authority, net (total)	3	3	4
4190	Outlays, net (total)	3	2	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		2017 actual	2018 est.	2019 est.

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

99.9	Total new obligations, unexpired accounts	8	3	4

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $36,000,000, 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, 2020, 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Audits	22	28	28
0002	Investigations	11	9	8

0799	Total direct obligations	33	37	36
0801	Office of Inspector General (Reimbursable)	6	10	9

0900	Total new obligations, unexpired accounts	39	47	45

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	2	2
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	37	37	36
	Spending authority from offsetting collections, discretionary:
1700	Collected	2	10	9
1701	Change in uncollected payments, Federal sources	4

1750	Spending auth from offsetting collections, disc (total)	6	10	9
1900	Budget authority (total)	43	47	45
1930	Total budgetary resources available	44	49	47
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	2	2	2

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	12	10	11
3010	New obligations, unexpired accounts	39	47	45
3011	Obligations ("upward adjustments"), expired accounts	1
3020	Outlays (gross)	–38	–46	–45
3041	Recoveries of prior year unpaid obligations, expired	–4

3050	Unpaid obligations, end of year	10	11	11
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–4	–4	–4
3070	Change in uncollected pymts, Fed sources, unexpired	–4
3071	Change in uncollected pymts, Fed sources, expired	4

3090	Uncollected pymts, Fed sources, end of year	–4	–4	–4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	8	6	7
3200	Obligated balance, end of year	6	7	7

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	43	47	45
	Outlays, gross:
4010	Outlays from new discretionary authority	30	38	36
4011	Outlays from discretionary balances	8	8	9

4020	Outlays, gross (total)	38	46	45
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–6	–10	–9
	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)	37	37	36
4080	Outlays, net (discretionary)	32	36	36
4180	Budget authority, net (total)	37	37	36
4190	Outlays, net (total)	32	36	36

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. In addition, 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 2019 request for the OIG will be used to fund audit, investigative, and mission support activities to meet the requirements of the Inspector General Act, as well as other statutes relating to: 1) Cyber Threats, 2) Anti-Money Laundering and Terrorist Financing/Bank Secrecy Act Enforcement, 3) Spending Transparency and Improper Payments, and 4) Administration of the Gulf Coast Restoration Trust Fund. Specific mandates include audits of the Department's: financial statements, compliance with FISMA and actions in implementing cybersecurity information sharing. In its oversight of the Office of the Comptroller of the Currency (OCC), OIG conducts material loss reviews of failed FDIC-insured national banks and trusts. With resources available after mandated requirements are met, the OIG will conduct audits and reviews of the Department's highest risk programs and operations. 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 2019. The Office will provide oversight, on a reimbursable basis, of the Small Business Lending Fund created by the Small Business Jobs Act of 2010.

In 2019, the OIG Office of Investigations will continue to investigate all reports of fraud, waste, abuse, and 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		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	18	21	20
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	19	22	21
12.1	Civilian personnel benefits	7	6	6
21.0	Travel and transportation of persons	1	1	1
23.1	Rental payments to GSA		2	4
25.1	Advisory and assistance services	1
25.2	Other services from non-Federal sources	2	3	2
25.3	Other goods and services from Federal sources	2	3	2
31.0	Equipment	1

99.0	Direct obligations	33	37	36
99.0	Reimbursable obligations	6	10	9

99.9	Total new obligations, unexpired accounts	39	47	45


Identification code 020–0106–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	158	175	175
2001	Reimbursable civilian full-time equivalent employment	7	5	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, 2020; 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Audit	61	65	64
0002	Investigations	108	104	102

0799	Total direct obligations	169	169	166

0900	Total new obligations, unexpired accounts	169	169	166

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4	4	4
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	170	168	161
	Spending authority from offsetting collections, discretionary:
1700	Collected		1	1
1900	Budget authority (total)	170	169	162
1930	Total budgetary resources available	174	173	166
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	4	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	17	16	14
3010	New obligations, unexpired accounts	169	169	166
3011	Obligations ("upward adjustments"), expired accounts	1
3020	Outlays (gross)	–169	–171	–162
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	16	14	18
	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	16	15	13
3200	Obligated balance, end of year	15	13	17

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	170	169	162
	Outlays, gross:
4010	Outlays from new discretionary authority	154	156	149
4011	Outlays from discretionary balances	15	15	13

4020	Outlays, gross (total)	169	171	162
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources		–1	–1
4180	Budget authority, net (total)	170	168	161
4190	Outlays, net (total)	169	170	161

The Treasury Inspector General for Tax Administration (TIGTA), an independent office within the Department of the Treasury, is charged with providing oversight of the Internal Revenue Service (IRS), the IRS Chief Counsel, and the IRS Oversight Board. TIGTA conducts audit, investigative, and 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 2019, 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. OI protects the IRS's ability to process approximately 246 million tax returns and collect over $3.4 trillion in annual revenue for the Federal Government.

In 2019, 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 and implementing tax law changes; 2) minimizing identity theft and other fraud 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 Commissioner of Internal Revenue. The 2017 highlights of OA include issuing 104 audit reports, and identifying approximately $9.1 billion in potential financial benefits.

In 2019, TIGTA's Office of Inspections and Evaluations (I&E) will identify opportunities for improvement in IRS and TIGTA programs by performing inspections and evaluations that report timely, useful and reliable information to decisionmakers and stakeholders. The oversight activities of I&E include inspecting the 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		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	87	86	87
11.5	Other personnel compensation	9	8	8

11.9	Total personnel compensation	96	94	95
12.1	Civilian personnel benefits	38	37	38
21.0	Travel and transportation of persons	4	4	3
23.1	Rental payments to GSA	9	10	9
23.3	Communications, utilities, and miscellaneous charges	1	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	11	12	11
25.7	Operation and maintenance of equipment	3	3	3
26.0	Supplies and materials		1	1
31.0	Equipment	4	4	3

99.0	Direct obligations	169	169	166

99.9	Total new obligations, unexpired accounts	169	169	166


Identification code 020–0119–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	800	800	800
2001	Reimbursable civilian full-time equivalent employment	2	2	2


Identification code 020–0117–0–1–751		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Counterterrorism	1

0900	Total new obligations, unexpired accounts (object class 25.3)	1

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	1
1930	Total budgetary resources available	1

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

	Budget authority and outlays, net:
	Discretionary:
	Outlays, gross:
4011	Outlays from discretionary balances	1
4180	Budget authority, net (total)
4190	Outlays, net (total)	1

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Base Administrative Expenses	2	3	3
0003	Projected Payments to Insurers		43	124

0900	Total new obligations, unexpired accounts	2	46	127

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	46	127
1930	Total budgetary resources available	2	46	127

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	2	46	127
3020	Outlays (gross)	–2	–46	–127

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	46	127
	Outlays, gross:
4100	Outlays from new mandatory authority	2	46	127
4180	Budget authority, net (total)	2	46	127
4190	Outlays, net (total)	2	46	127

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 $60 million for 2019, $252 million over the 2019–2023 period, and $332 million over the 2019–2028 period.


Identification code 020–0123–0–1–376		2017 actual	2018 est.	2019 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	2	2
25.1	Advisory and assistance services	1	1	1
42.0	Insurance claims and indemnities		43	124

99.9	Total new obligations, unexpired accounts	2	46	127


Identification code 020–0123–0–1–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	5	9	9

Of the unobligated balances available under this heading, $400,000,000 are hereby permanently cancelled not later than September 30, 2019.

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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	1,041	1,125	1,126
	Receipts:
	Current law:
1110	Forfeited Cash and Proceeds from Sale of Forfeited Property, Treasury Forfeiture Fund	497	453	429
1140	Earnings on Investments, Treasury Forfeiture Fund	19	24	9

1199	Total current law receipts	516	477	438

1999	Total receipts	516	477	438

2000	Total: Balances and receipts	1,557	1,602	1,564
	Appropriations:
	Current law:
2101	Treasury Forfeiture Fund	–516	–477	–438
2103	Treasury Forfeiture Fund	–1,000	–1,084	–1,085
2132	Treasury Forfeiture Fund		988
2132	Treasury Forfeiture Fund	1,084
2132	Treasury Forfeiture Fund		97

2199	Total current law appropriations	–432	–476	–1,523

2999	Total appropriations	–432	–476	–1,523

5099	Balance, end of year	1,125	1,126	41


Identification code 020–5697–0–2–751		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Mandatory	479	490	450
0002	Strategic Support	40
0003	Secretary's Enforcement Fund	7	26	10

0900	Total new obligations, unexpired accounts	526	516	460

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,035	669	355
1021	Recoveries of prior year unpaid obligations	41	40	30
1033	Recoveries of prior year paid obligations	1

1050	Unobligated balance (total)	1,077	709	385
	Budget authority:
	Appropriations, discretionary:
1130	Appropriations permanently reduced		–314	–400
1132	Appropriations temporarily reduced		–988

1160	Appropriation, discretionary (total)		–1,302	–400
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	516	477	438
1203	Appropriation (previously unavailable)	1,000	1,084	1,085
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–314
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–1,084
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–97

1260	Appropriations, mandatory (total)	118	1,464	1,523
1900	Budget authority (total)	118	162	1,123
1930	Total budgetary resources available	1,195	871	1,508
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	669	355	1,048

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	653	559	489
3010	New obligations, unexpired accounts	526	516	460
3020	Outlays (gross)	–579	–546	–648
3040	Recoveries of prior year unpaid obligations, unexpired	–41	–40	–30

3050	Unpaid obligations, end of year	559	489	271
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	653	559	489
3200	Obligated balance, end of year	559	489	271

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross		–1,302	–400
	Outlays, gross:
4010	Outlays from new discretionary authority		–651	–200
4011	Outlays from discretionary balances			–326

4020	Outlays, gross (total)		–651	–526
	Mandatory:
4090	Budget authority, gross	118	1,464	1,523
	Outlays, gross:
4100	Outlays from new mandatory authority	34	542	548
4101	Outlays from mandatory balances	545	655	626

4110	Outlays, gross (total)	579	1,197	1,174
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–1
	Additional offsets against gross budget authority only:
4143	Recoveries of prior year paid obligations, unexpired accounts	1

4160	Budget authority, net (mandatory)	118	1,464	1,523
4170	Outlays, net (mandatory)	578	1,197	1,174
4180	Budget authority, net (total)	118	162	1,123
4190	Outlays, net (total)	578	546	648

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	2,690	2,317	1,934
5001	Total investments, EOY: Federal securities: Par value	2,317	1,934	1,343

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 $400 million of unobligated balances. The Budget also proposes to return to the General Fund of the Treasury $39 million from a judicial settlement, made unavailable to the Fund by the Consolidated Appropriations Act, 2016 (P.L. 114–113).


Identification code 020–5697–0–2–751		2017 actual	2018 est.	2019 est.

	Direct obligations:
25.2	Other services from non-Federal sources	56	60	52
25.3	Other goods and services from Federal sources	159	120	104
41.0	Grants, subsidies, and contributions	221	209	200
44.0	Refunds	44	65	56
94.0	Financial transfers	47	62	48

99.0	Direct obligations	527	516	460
99.5	Adjustment for rounding	–1

99.9	Total new obligations, unexpired accounts	526	516	460


Identification code 020–5590–0–2–376		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	7	6	5
	Receipts:
	Current law:
1110	Fees and Assessments, Financial Research Fund	88	72	68
1130	Interest, Financial Research Fund	1

1199	Total current law receipts	89	72	68

1999	Total receipts	89	72	68

2000	Total: Balances and receipts	96	78	73
	Appropriations:
	Current law:
2101	Financial Research Fund	–89	–72	–68
2103	Financial Research Fund	–7	–6	–5
2132	Financial Research Fund	6	5

2199	Total current law appropriations	–90	–73	–73

2999	Total appropriations	–90	–73	–73

5099	Balance, end of year	6	5


Identification code 020–5590–0–2–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0002	FSOC	6	7	7
0003	FDIC Payments	5	4	4

0091	FSOC subtotal	11	11	11
0101	OFR	89	83	75

0900	Total new obligations, unexpired accounts	100	94	86

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	81	74	57
1021	Recoveries of prior year unpaid obligations	3	4	4

1050	Unobligated balance (total)	84	78	61
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	89	72	68
1203	Appropriation (previously unavailable)	7	6	5
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–6	–5

1260	Appropriations, mandatory (total)	90	73	73
1930	Total budgetary resources available	174	151	134
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	74	57	48

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	36	31	34
3010	New obligations, unexpired accounts	100	94	86
3020	Outlays (gross)	–102	–87	–80
3040	Recoveries of prior year unpaid obligations, unexpired	–3	–4	–4

3050	Unpaid obligations, end of year	31	34	36
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	36	31	34
3200	Obligated balance, end of year	31	34	36

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	90	73	73
	Outlays, gross:
4100	Outlays from new mandatory authority		19	22
4101	Outlays from mandatory balances	102	68	58

4110	Outlays, gross (total)	102	87	80
4180	Budget authority, net (total)	90	73	73
4190	Outlays, net (total)	102	87	80

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	114	101	85
5001	Total investments, EOY: Federal securities: Par value	101	85	79

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 the heads of 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.

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.

The Budget proposes to impose appropriate congressional oversight of these functions by subjecting Council and OFR activities to the normal appropriations process. The Budget reflects continued reductions in OFR spending commensurate with the renewed fiscal discipline being applied across the Federal Government. Treasury is also working to increase the transparency of Council decision-making procedures and to implement more rigorous cost-benefit analysis standards.


Identification code 020–5590–0–2–376		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	35	33	29
11.3	Other than full-time permanent	1	1	1
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	37	35	31
12.1	Civilian personnel benefits	14	12	10
25.1	Advisory and assistance services	11	9	9
25.2	Other services from non-Federal sources	1	1	1
25.3	Other goods and services from Federal sources	27	28	27
26.0	Supplies and materials	7	6	6
31.0	Equipment	4	4	4

99.0	Direct obligations	101	95	88
99.5	Adjustment for rounding	–1	–1	–2

99.9	Total new obligations, unexpired accounts	100	94	86


Identification code 020–5590–0–2–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	236	208	158


Identification code 020–5081–0–2–808		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	2	2	26
	Receipts:
	Current law:
1110	Presidential Election Campaign Fund	27	50	50

2000	Total: Balances and receipts	29	52	76
	Appropriations:
	Current law:
2101	Presidential Election Campaign Fund	–27	–26	–25
2103	Presidential Election Campaign Fund	–2	–2	–2
2132	Presidential Election Campaign Fund	2	2

2199	Total current law appropriations	–27	–26	–27

2999	Total appropriations	–27	–26	–27

5099	Balance, end of year	2	26	49


Identification code 020–5081–0–2–808		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0003	NIH Pediatric Research Fund Transfer			41

0900	Total new obligations (object class 41.0)			41

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	316	343	369
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	27	26	25
1203	Appropriation (Sequestration pop-up, Authorizing Committee)	2	2	2
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–2

1260	Appropriations, mandatory (total)	27	26	27
1930	Total budgetary resources available	343	369	396
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	343	369	355

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			41
3020	Outlays (gross)			–41

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	27	26	27
	Outlays, gross:
4100	Outlays from new mandatory authority			2
4101	Outlays from mandatory balances			39

4110	Outlays, gross (total)			41
4180	Budget authority, net (total)	27	26	27
4190	Outlays, net (total)			41

Individual Federal income tax returns include an optional Federal income tax designation of $3 that an individual may elect to be paid to the Presidential Election Campaign Fund (PECF). In recent years, fewer than 5 percent of individuals have elected to make this designation, resulting in less than $30 million being paid into the PECF annually.

The Department of the Treasury collects the income tax designations and makes distributions from the PECF to qualified presidential candidates and to the 10-Year Pediatric Research Initiative Fund. 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. For the 2016 Presidential election, $1,679,865 was paid out to two eligible candidates ($1,544,965 in fiscal year 2016 and $134,900 in 2017).

Candidates for General Elections.—By statute, eligible candidates of each major party in a presidential election are entitled to equal payments in an amount that may not exceed $20 million (adjusted for inflation since 1974) per party. In 2016, this amounted to $96.1 million for each candidate, but neither major party candidate accepted general election funding. Eligibility for this funding depends on meeting several criteria, such as agreeing to limit spending to amounts specified by campaign finance laws. In addition, 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.

10-Year Pediatric Research Initiative Fund.—On April 3, 2014, the Gabriella Miller Kids First Research Act (Public Law 113–94) was enacted. The Act established the 10-Year Pediatric Research Initiative Fund and directs that certain PECF moneys be transferred to that Fund.


Identification code 020–4444–0–3–155		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Direct program activity	659

0900	Total new obligations, unexpired accounts (object class 25.2)	659

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	39,774	39,502	39,765
1026	Adjustment for change in allocation of trust fund limitation or foreign exchange valuation	258

1050	Unobligated balance (total)	40,032	39,502	39,765
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	128	263	434
1801	Change in uncollected payments, Federal sources	1

1850	Spending auth from offsetting collections, mand (total)	129	263	434
1930	Total budgetary resources available	40,161	39,765	40,199
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	39,502	39,765	40,199

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	54,499	55,158	55,158
3010	New obligations, unexpired accounts	659

3050	Unpaid obligations, end of year	55,158	55,158	55,158
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1		–1	–1
3070	Change in uncollected pymts, Fed sources, unexpired	–1

3090	Uncollected pymts, Fed sources, end of year	–1	–1	–1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	54,499	55,157	55,157
3200	Obligated balance, end of year	55,157	55,157	55,157

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	129	263	434
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4121	Interest on Federal securities	–143	–261	–432
4123	Non-Federal sources	15	–2	–2

4130	Offsets against gross budget authority and outlays (total)	–128	–263	–434
	Additional offsets against gross budget authority only:
4140	Change in uncollected pymts, Fed sources, unexpired	–1
4170	Outlays, net (mandatory)	–128	–263	–434
4180	Budget authority, net (total)
4190	Outlays, net (total)	–128	–263	–434

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	22,680	22,090	22,251
5001	Total investments, EOY: Federal securities: Par value	22,090	22,251	22,533

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 8 and 9 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		2016 actual	2017 actual

	ASSETS:
	Federal assets:
	Investments in US securities:
1102	Treasury securities, par	22,680	22,090
1106	Receivables, net		1
1201	Non-Federal assets: Foreign Currency Investments	21,598	21,192
1801	Other Federal assets: Special Drawing Rights	50,058	51,491

1999	Total assets	94,336	94,774
	LIABILITIES:
2207	Non-Federal liabilities: Other	54,499	55,158
	NET POSITION:
3100	Unexpended appropriations	200	200
3300	Cumulative results of operations	39,637	39,416

3999	Total net position	39,837	39,616

4999	Total liabilities and net position	94,336	94,774


Identification code 020–4560–0–4–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0802	Financial Management Administrative Support Service	157	158	160
0804	Information Technology Services	196	198	194
0806	Shared Services Program	236	237	225
0808	Centralized Treasury Administrative Services			148

0900	Total new obligations, unexpired accounts	589	593	727

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	175	183	194
1021	Recoveries of prior year unpaid obligations	6	21	23

1050	Unobligated balance (total)	181	204	217
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	591	583	721
1930	Total budgetary resources available	772	787	938
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	183	194	211

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	156	140	119
3010	New obligations, unexpired accounts	589	593	727
3020	Outlays (gross)	–599	–593	–721
3040	Recoveries of prior year unpaid obligations, unexpired	–6	–21	–23

3050	Unpaid obligations, end of year	140	119	102
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–24	–24	–24

3090	Uncollected pymts, Fed sources, end of year	–24	–24	–24
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	132	116	95
3200	Obligated balance, end of year	116	95	78

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	591	583	721
	Outlays, gross:
4010	Outlays from new discretionary authority	491	501	620
4011	Outlays from discretionary balances	108	92	101

4020	Outlays, gross (total)	599	593	721
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–591	–583	–721
4180	Budget authority, net (total)
4190	Outlays, net (total)	8	10

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. In 2019, the Treasury Franchise Fund plans to add a fourth business line, Centralized Treasury Administrative Services (CTAS) transferred from Treasury Departmental Offices Salaries and Expenses.


Identification code 020–4560–0–4–803		2017 actual	2018 est.	2019 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	140	145	171
11.3	Other than full-time permanent	1	1	1
11.5	Other personnel compensation	5	5	7

11.9	Total personnel compensation	146	151	179
12.1	Civilian personnel benefits	49	53	64
21.0	Travel and transportation of persons	2	2	2
23.1	Rental payments to GSA		5	39
23.3	Communications, utilities, and miscellaneous charges	64	68	69
25.1	Advisory and assistance services	91	32	33
25.2	Other services from non-Federal sources	31	31	41
25.3	Other goods and services from Federal sources	89	94	137
25.4	Operation and maintenance of facilities			1
25.7	Operation and maintenance of equipment	78	124	124
26.0	Supplies and materials	1	1	3
31.0	Equipment	39	33	35

99.0	Reimbursable obligations	590	594	727
99.5	Adjustment for rounding	–1	–1

99.9	Total new obligations, unexpired accounts	589	593	727


Identification code 020–4560–0–4–803		2017 actual	2018 est.	2019 est.

2001	Reimbursable civilian full-time equivalent employment	1,702	1,770	1,977


Identification code 020–0140–0–1–271		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Grants for Specified Energy Property in Lieu of Tax Credits, Rec (Direct)	1,003	47

0900	Total new obligations (object class 41.0)	1,003	47

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1,072	50
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–69	–3

1260	Appropriations, mandatory (total)	1,003	47
1930	Total budgetary resources available	1,003	47

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	32
3010	New obligations, unexpired accounts	1,003	47
3020	Outlays (gross)	–1,035	–47
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	32

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,003	47
	Outlays, gross:
4100	Outlays from new mandatory authority	1,003	47
4101	Outlays from mandatory balances	32

4110	Outlays, gross (total)	1,035	47
4180	Budget authority, net (total)	1,003	47
4190	Outlays, net (total)	1,035	47

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 with final disbursements expected to occur in 2018.

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 2019, 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 through December 31, 2019: Provided further, That such section 114A shall remain in effect until December 31, 2019.


Identification code 020–1881–0–1–451		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0009	General Administrative Expenses	26	26	14
0012	Financial Assistance	164	164
0014	Native American/Hawaiian Program	16	16
0026	Healthy Food Initiative	22	22
0028	Bank Enterprise Award	19	23	19
0050	Mandatory No Year Account	3	2	2

0091	Direct program activities, subtotal	250	253	35
	Credit program obligations:
0701	Direct loan subsidy	1	3
0706	Interest on reestimates of direct loan subsidy	1	2

0791	Direct program activities, subtotal	2	5

0900	Total new obligations, unexpired accounts	252	258	35

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	34	33	26
1001	Discretionary unobligated balance brought fwd, Oct 1	28	28
1021	Recoveries of prior year unpaid obligations	1	1	1

1050	Unobligated balance (total)	35	34	27
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	248	246	14
	Appropriations, mandatory:
1200	Appropriation	2	4	1
1900	Budget authority (total)	250	250	15
1930	Total budgetary resources available	285	284	42
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	33	26	7

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	223	258	246
3010	New obligations, unexpired accounts	252	258	35
3020	Outlays (gross)	–214	–269	–213
3040	Recoveries of prior year unpaid obligations, unexpired	–1	–1	–1
3041	Recoveries of prior year unpaid obligations, expired	–2

3050	Unpaid obligations, end of year	258	246	67
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	223	258	246
3200	Obligated balance, end of year	258	246	67

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	248	246	14
	Outlays, gross:
4010	Outlays from new discretionary authority	20	26	14
4011	Outlays from discretionary balances	193	238	198

4020	Outlays, gross (total)	213	264	212
	Mandatory:
4090	Budget authority, gross	2	4	1
	Outlays, gross:
4100	Outlays from new mandatory authority	1	4	1
4101	Outlays from mandatory balances		1

4110	Outlays, gross (total)	1	5	1
4180	Budget authority, net (total)	250	250	15
4190	Outlays, net (total)	214	269	213

	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	17

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


Identification code 020–1881–0–1–451		2017 actual	2018 est.	2019 est.

	Direct loan levels supportable by subsidy budget authority:
115001	Community Development Financial Institutions Prog Fin Assist.	7	25
115002	Bond Guarantee Program	245	500	500

115999	Total direct loan levels	252	525	500
	Direct loan subsidy (in percent):
132001	Community Development Financial Institutions Prog Fin Assist.	11.53	10.72	0.00
132002	Bond Guarantee Program	–2.81	0.00	0.00

132999	Weighted average subsidy rate	–2.41	0.51	0.00
	Direct loan subsidy budget authority:
133001	Community Development Financial Institutions Prog Fin Assist.	1	3
133002	Bond Guarantee Program	–7

133999	Total subsidy budget authority	–6	3
	Direct loan subsidy outlays:
134002	Bond Guarantee Program	–4

134999	Total subsidy outlays	–4
	Direct loan reestimates:
135001	Community Development Financial Institutions Prog Fin Assist.	–1	–1
135002	Bond Guarantee Program	–6	–4

135999	Total direct loan reestimates	–7	–5

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, 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 2019 Budget eliminates new program funding for discretionary programs including the Bank Enterprise Award Program, CDFI Program, the Native American CDFI Assistance Program, and the Healthy Food Financing Initiative. The 2019 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.

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 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		2017 actual	2018 est.	2019 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	7	3
25.3	Other goods and services from Federal sources	6	7	5
25.7	Operation and maintenance of equipment		3	2
31.0	Equipment	4	1
41.0	Grants, subsidies, and contributions	223	232	21

99.0	Direct obligations	252	258	35

99.9	Total new obligations, unexpired accounts	252	258	35


Identification code 020–1881–0–1–451		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	74	74	42


Identification code 020–4088–0–3–451		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0710	Direct loan obligations	252	525	500
0713	Payment of interest to Treasury	3	3	3
0715	Payments of interest to FFB	15	25	29
0740	Negative subsidy obligations	7
0742	Downward reestimates paid to receipt accounts	8	7

0900	Total new obligations, unexpired accounts	285	560	532

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	2	1
1023	Unobligated balances applied to repay debt	–1	–2	–1
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	268	525	500
	Spending authority from offsetting collections, mandatory:
1800	Collected	34	59	63
1801	Change in uncollected payments, Federal sources	1	1	1
1825	Spending authority from offsetting collections applied to repay debt	–16	–24	–31

1850	Spending auth from offsetting collections, mand (total)	19	36	33
1900	Budget authority (total)	287	561	533
1930	Total budgetary resources available	287	561	533
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	805	886	897
3010	New obligations, unexpired accounts	285	560	532
3020	Outlays (gross)	–204	–549	–428

3050	Unpaid obligations, end of year	886	897	1,001
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–1	–2	–3
3070	Change in uncollected pymts, Fed sources, unexpired	–1	–1	–1

3090	Uncollected pymts, Fed sources, end of year	–2	–3	–4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	804	884	894
3200	Obligated balance, end of year	884	894	997

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	287	561	533
	Financing disbursements:
4110	Outlays, gross (total)	204	549	428
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–2	–1
4122	Interest on uninvested funds	–4	–5	–7
4123	Non-Federal sources - Interest repayments	–12	–28	–25
4123	Non-Federal sources - Principal Repayments	–16	–25	–31

4130	Offsets against gross budget authority and outlays (total)	–34	–59	–63
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	–1	–1	–1

4160	Budget authority, net (mandatory)	252	501	469
4170	Outlays, net (mandatory)	170	490	365
4180	Budget authority, net (total)	252	501	469
4190	Outlays, net (total)	170	490	365


Identification code 020–4088–0–3–451		2017 actual	2018 est.	2019 est.

	Position with respect to appropriations act limitation on obligations:
1111	Direct loan obligations from current-year authority	252	525	500

1150	Total direct loan obligations	252	525	500

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	76	70	530
1231	Disbursements: Direct loan disbursements	2	490	427
1251	Repayments: Repayments and prepayments	–7	–28	–42
1263	Write-offs for default: Direct loans	–1	–2	–1

1290	Outstanding, end of year	70	530	914


Identification code 020–4088–0–3–451		2016 actual	2017 actual

	ASSETS:
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	76	70
1405	Allowance for subsidy cost (-)	–15	–11

1499	Net present value of assets related to direct loans	61	59
1801	Other Federal assets: Cash and other monetary assets	1	1

1999	Total assets	62	60
	LIABILITIES:
	Federal liabilities:
2103	Debt	62	59
2105	Other Liabilities without Related Budgetary Offset		1

2999	Total liabilities	62	60

4999	Total liabilities and net position	62	60


Identification code 020–0128–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Office of Financial Stability (Direct)	103	79	63

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	122	79	63
1930	Total budgetary resources available	122	79	63
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–19

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	89	59	21
3010	New obligations, unexpired accounts	103	79	63
3011	Obligations ("upward adjustments"), expired accounts	2
3020	Outlays (gross)	–115	–117	–66
3041	Recoveries of prior year unpaid obligations, expired	–20

3050	Unpaid obligations, end of year	59	21	18
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	89	59	21
3200	Obligated balance, end of year	59	21	18

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	122	79	63
	Outlays, gross:
4100	Outlays from new mandatory authority	73	63	50
4101	Outlays from mandatory balances	42	54	16

4110	Outlays, gross (total)	115	117	66
4180	Budget authority, net (total)	122	79	63
4190	Outlays, net (total)	115	117	66

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		2017 actual	2018 est.	2019 est.

11.1	Direct obligations: Personnel compensation: Full-time permanent	7	5	3

11.9	Total personnel compensation	7	5	3
12.1	Civilian personnel benefits	2	1	1
25.1	Advisory and assistance services	12	12	9
25.2	Other services from non-Federal sources	70	50	40
25.3	Other goods and services from Federal sources	12	11	10

99.9	Total new obligations, unexpired accounts	103	79	63


Identification code 020–0128–0–1–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	52	34	24


Identification code 020–0132–0–1–376		2017 actual	2018 est.	2019 est.

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

0900	Total new obligations (object class 41.0)	10

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

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

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

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


Identification code 020–0132–0–1–376		2017 actual	2018 est.	2019 est.

	Direct loan reestimates:
135001	Automotive Industry Financing Program	8	–5

135999	Total direct loan reestimates	8	–5

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0742	Downward reestimates paid to receipt accounts	2	4
0743	Interest on downward reestimates		1

0900	Total new obligations, unexpired accounts	2	5

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	5	5
1023	Unobligated balances applied to repay debt	–3

1050	Unobligated balance (total)	2	5
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Offsetting collections	15
1825	Spending authority from offsetting collections applied to repay debt	–10

1850	Spending auth from offsetting collections, mand (total)	5
1900	Budget authority (total)	5
1930	Total budgetary resources available	7	5
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	5

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

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

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

4160	Budget authority, net (mandatory)	–10
4170	Outlays, net (mandatory)	–13	5
4180	Budget authority, net (total)	–10
4190	Outlays, net (total)	–13	5

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		2016 actual	2017 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	5	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	5	5
	LIABILITIES:
	Federal liabilities:
2104	Resources payable to Treasury	5	5
2105	Other

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

4999	Total liabilities and net position	5	5


Identification code 020–0134–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy	4
0706	Interest on reestimates of direct loan subsidy	2

0900	Total new obligations (object class 41.0)	6

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

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

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

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


Identification code 020–0134–0–1–376		2017 actual	2018 est.	2019 est.

	Direct loan reestimates:
135001	Capital Purchase Program	–37	–5
135005	Legacy Securities Public-Private Investment Program		–1
135006	Community Development Capital Initiative	–42	–2

135999	Total direct loan reestimates	–79	–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 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	11	4	1
0742	Downward reestimates paid to receipt accounts	41	4
0743	Interest on downward reestimates	44	4

0900	Total new obligations, unexpired accounts	96	12	1

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	46	33	23
1023	Unobligated balances applied to repay debt	–33

1050	Unobligated balance (total)	13	33	23
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	421	84	3
1825	Spending authority from offsetting collections applied to repay debt	–305	–82	–2

1850	Spending auth from offsetting collections, mand (total)	116	2	1
1900	Budget authority (total)	116	2	1
1930	Total budgetary resources available	129	35	24
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	33	23	23

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	96	12	1
3020	Outlays (gross)	–96	–12	–1

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	116	2	1
	Financing disbursements:
4110	Outlays, gross (total)	96	12	1
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources	–6
4122	Interest on uninvested funds	–4	–2
4123	Dividends	–4	–2	–1
4123	Warrants	–4	–12	–2
4123	Redemption	–403	–68

4130	Offsets against gross budget authority and outlays (total)	–421	–84	–3

4160	Budget authority, net (mandatory)	–305	–82	–2
4170	Outlays, net (mandatory)	–325	–72	–2
4180	Budget authority, net (total)	–305	–82	–2
4190	Outlays, net (total)	–325	–72	–2


Identification code 020–4278–0–3–376		2017 actual	2018 est.	2019 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	630	123	28
1251	Repayments: Repayments and prepayments	–403	–68
1263	Write-offs for default: Direct loans	–104	–27	–1

1290	Outstanding, end of year	123	28	27

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		2016 actual	2017 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	46	33
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	630	123
1405	Allowance for subsidy cost (-)	–220	–28
1405	Allowance for subsidy cost (-)	80	–2

1499	Net present value of assets related to direct loans	490	93

1999	Total assets	536	126
	LIABILITIES:
	Federal liabilities:
2103	Debt	457	119
2105	Other	79	7

2999	Total liabilities	536	126

4999	Total liabilities and net position	536	126


Identification code 020–0136–0–1–604		2017 actual	2018 est.	2019 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	42
1021	Recoveries of prior year unpaid obligations	41	4,000
1031	Other balances not available		–4,042

1050	Unobligated balance (total)	42
1930	Total budgetary resources available	42
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	42

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	15,171	10,999	4,567
3020	Outlays (gross)	–4,131	–2,432	–1,573
3040	Recoveries of prior year unpaid obligations, unexpired	–41	–4,000

3050	Unpaid obligations, end of year	10,999	4,567	2,994
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	15,171	10,999	4,567
3200	Obligated balance, end of year	10,999	4,567	2,994

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	4,131	2,432	1,573
4180	Budget authority, net (total)
4190	Outlays, net (total)	4,131	2,432	1,573

	Memorandum (non-add) entries:
5103	Unexpired unavailable balance, SOY: Fulfilled purpose	8,159	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		2017 actual	2018 est.	2019 est.

	Guaranteed loan levels supportable by subsidy budget authority:
215001	FHA Refi Letter of Credit	8
	Guaranteed loan subsidy (in percent):
232001	FHA Refi Letter of Credit	0.80	0.00	0.00

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

Treasury's Home Affordable Modification Program (HAMP) offered mortgage modifications to homeowners at risk of foreclosure under the authority of sections 101 and 109 of the Emergency Economic Stabilization Act of 2008, as amended (EESA) (P.L. 110–343). The HAMP application window closed on December 31, 2016, but incentive payments continue to be made to homeowners in the program. Additionally, the Hardest Hit Fund (HHF) has allocated $9.6 billion under EESA to state housing finance agencies in 18 states and the District of Columbia for foreclosure prevention programs. Funds under EESA also support a Federal Housing Administration (FHA) refinance program that helps homeowners refinance into a new FHA-insured loan if their existing mortgage holders agree 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0711	Default claim payments on principal		1	1
0742	Downward reestimates paid to receipt accounts	3	2

0900	Total new obligations, unexpired accounts	3	3	1

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	9	6	3
1930	Total budgetary resources available	9	6	3
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	6	3	2

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

	Financing authority and disbursements, net:
	Mandatory:
	Financing disbursements:
4110	Outlays, gross (total)	3	3	1
4180	Budget authority, net (total)
4190	Outlays, net (total)	3	3	1


Identification code 020–4329–0–3–371		2017 actual	2018 est.	2019 est.

	Position with respect to appropriations act limitation on commitments:
2111	Guaranteed loan commitments from current-year authority	8

2150	Total guaranteed loan commitments	8

	Cumulative balance of guaranteed loans outstanding:
2210	Outstanding, start of year	416	392	368
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	392	368	344

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


Identification code 020–4329–0–3–371		2016 actual	2017 actual

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

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

2999	Total liabilities	8	8

4999	Total liabilities and net position	8	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), $17,500,000.


Identification code 020–0133–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Special Inspector General for the Troubled Asset Relief Program (Direct)	40	41	26

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	18	17	17
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	41	41	18
1900	Budget authority (total)	41	41	18
1930	Total budgetary resources available	59	58	35
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–2
1941	Unexpired unobligated balance, end of year	17	17	9

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	15	15	13
3010	New obligations, unexpired accounts	40	41	26
3020	Outlays (gross)	–40	–43	–27

3050	Unpaid obligations, end of year	15	13	12
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	15	15	13
3200	Obligated balance, end of year	15	13	12

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	41	41	18
	Outlays, gross:
4010	Outlays from new discretionary authority	34	33	14
4011	Outlays from discretionary balances	5	6	8

4020	Outlays, gross (total)	39	39	22
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	1	4	5
4180	Budget authority, net (total)	41	41	18
4190	Outlays, net (total)	40	43	27

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 2019, 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 2019 Budget requests $17.5 million for SIGTARP, a reduction of 56 percent from the 2017 enacted level. Less than 1 percent of TARP investments remain outstanding, over 90 percent of Housing Finance Agency Hardest Hit Funds have been disbursed, and the application periods for the Federal Housing Administration Refinance program and Making Home Affordable initiative have ended.


Identification code 020–0133–0–1–376		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	16	16	8
11.3	Other than full-time permanent	2	2	2
11.5	Other personnel compensation	2	2	2

11.9	Total personnel compensation	20	20	12
12.1	Civilian personnel benefits	6	6	3
21.0	Travel and transportation of persons	1	1	1
25.1	Advisory and assistance services	2	1	1
25.3	Other goods and services from Federal sources	10	13	8
31.0	Equipment	1

99.0	Direct obligations	40	41	25
99.5	Adjustment for rounding			1

99.9	Total new obligations, unexpired accounts	40	41	26


Identification code 020–0133–0–1–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	139	140	85


Identification code 020–0141–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0705	Reestimates of direct loan subsidy		42
0706	Interest on reestimates of direct loan subsidy		7
0709	Administrative expenses	5	8	6

0900	Total new obligations, unexpired accounts	5	57	6

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			1
1021	Recoveries of prior year unpaid obligations	8
1029	Other balances withdrawn to Treasury	–8

1050	Unobligated balance (total)			1
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	6	58	6
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1

1260	Appropriations, mandatory (total)	5	58	6
1930	Total budgetary resources available	5	58	7
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		1	1

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	16	8	8
3010	New obligations, unexpired accounts	5	57	6
3020	Outlays (gross)	–5	–57	–5
3040	Recoveries of prior year unpaid obligations, unexpired	–8

3050	Unpaid obligations, end of year	8	8	9
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	16	8	8
3200	Obligated balance, end of year	8	8	9

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	5	58	6
	Outlays, gross:
4100	Outlays from new mandatory authority	3	49	3
4101	Outlays from mandatory balances	2	8	2

4110	Outlays, gross (total)	5	57	5
4180	Budget authority, net (total)	5	58	6
4190	Outlays, net (total)	5	57	5

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


Identification code 020–0141–0–1–376		2017 actual	2018 est.	2019 est.

	Direct loan reestimates:
135001	Small Business Lending Fund Investments	–25	49

	Administrative expense data:
3510	Budget authority	13	8	6
3580	Outlays from balances	2	4	2
3590	Outlays from new authority	3	4	3

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		2017 actual	2018 est.	2019 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	1	1
25.3	Other goods and services from Federal sources	3	6	5
94.0	Financial transfers Reestimates		49

99.0	Direct obligations	4	56	6
99.5	Adjustment for rounding	1	1

99.9	Total new obligations, unexpired accounts	5	57	6


Identification code 020–0141–0–1–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	8	8	6


Identification code 020–4349–0–3–376		2017 actual	2018 est.	2019 est.

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

0900	Total new obligations, unexpired accounts	34	7	7

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	33	44	58
1023	Unobligated balances applied to repay debt	–33

1050	Unobligated balance (total)		44	58
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	145	106	81
1825	Spending authority from offsetting collections applied to repay debt	–67	–85	–81

1850	Spending auth from offsetting collections, mand (total)	78	21
1930	Total budgetary resources available	78	65	58
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	44	58	51

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

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	78	21
	Financing disbursements:
4110	Outlays, gross (total)	34	7	7
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources - Upward Reestimates		–49
4122	Interest on uninvested funds	–1	–2	–2
4123	Non-Federal sources - Principal	–144	–42	–68
4123	Non-Federal sources - Dividends		–13	–11

4130	Offsets against gross budget authority and outlays (total)	–145	–106	–81

4160	Budget authority, net (mandatory)	–67	–85	–81
4170	Outlays, net (mandatory)	–111	–99	–74
4180	Budget authority, net (total)	–67	–85	–81
4190	Outlays, net (total)	–111	–99	–74


Identification code 020–4349–0–3–376		2017 actual	2018 est.	2019 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	409	287	245
1251	Repayments: Repayments and prepayments	–122	–42	–68

1290	Outstanding, end of year	287	245	177


Identification code 020–4349–0–3–376		2016 actual	2017 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	33	45
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	409	287
1405	Allowance for subsidy cost (-)	20	30

1499	Net present value of assets related to direct loans	429	317

1999	Total assets	462	362
	LIABILITIES:
2103	Federal liabilities: Debt	462	362

4999	Total liabilities and net position	462	362


Identification code 020–0142–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Administrative Costs	11

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	15
1021	Recoveries of prior year unpaid obligations	3

1050	Unobligated balance (total)	18
1930	Total budgetary resources available	18
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–7

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	45	25
3010	New obligations, unexpired accounts	11
3020	Outlays (gross)	–28	–25
3040	Recoveries of prior year unpaid obligations, unexpired	–3

3050	Unpaid obligations, end of year	25
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	45	25
3200	Obligated balance, end of year	25

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	28	25
4180	Budget authority, net (total)
4190	Outlays, net (total)	28	25

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 expired on September 27, 2017, at which time states retained any funds transferred by Treasury.


Identification code 020–0142–0–1–376		2017 actual	2018 est.	2019 est.

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

99.0	Direct obligations	10
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	11


Identification code 020–0142–0–1–376		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	9


Identification code 020–0125–0–1–371		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment to GSEs pursuant to PSPAs		5,065

0900	Total new obligations, unexpired accounts (object class 41.0)		5,065

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	258,050	258,050	252,985
1930	Total budgetary resources available	258,050	258,050	252,985
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	258,050	252,985	252,985

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts		5,065
3020	Outlays (gross)		–5,065

	Budget authority and outlays, net:
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances		5,065
4180	Budget authority, net (total)
4190	Outlays, net (total)		5,065

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. Based on publicly available information as of year-end 2017, this amount is expected to increase by approximately $5.1 billion in 2018 due to an accounting-related write-down of deferred tax assets resulting from the enactment of tax reform legislation. The PSPAs also require the GSEs to pay dividends to Treasury that are recorded as offsetting receipts and are not reflected in this expenditure account. Through December 31, 2017, the GSEs have paid $278.8 billion in dividend payments to Treasury on the senior preferred stock.


Identification code 020–0126–0–1–371		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0010	Financial Agent Services	1	2	2

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

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	1	2	2
3020	Outlays (gross)	–1	–2	–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	2	2
	Outlays, gross:
4100	Outlays from new mandatory authority	1	2	2
4180	Budget authority, net (total)	3	2	2
4190	Outlays, net (total)	1	2	2

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


Identification code 020–0126–0–1–371		2017 actual	2018 est.	2019 est.

	Direct loan reestimates:
135002	New Issue Bond Program SF	–36	–79
135003	New Issue Bond Program MF	–2	–19

135999	Total direct loan reestimates	–38	–98

The authority for the three programs displayed in this account: Fannie Mae and Freddie Mac's mortgage-backed securities purchase program, which purchased and then liquidated mortgage backed securities; the Temporary Credit and Liquidity Program, which provided liquidity to state housing financing agencies (HFAs); and the New Issue Bond Program, which purchased securities backed by new HFA housing bonds 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 these programs, which are treated as direct loans for budget execution. The subsidy amounts are estimated on a present value basis.


Identification code 020–0126–0–1–371		2017 actual	2018 est.	2019 est.

	Direct obligations:
25.2	Other services from non-Federal sources	1
41.0	Grants, subsidies, and contributions		2	2

99.9	Total new obligations, unexpired accounts	1	2	2


Identification code 020–4272–0–3–371		2016 actual	2017 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
	Credit program obligations:
0713	Payment of interest to Treasury	205	175	175
0742	Downward reestimates paid to receipt accounts	30	73
0743	Interest on downward reestimates	9	25

0900	Total new obligations, unexpired accounts	244	273	175

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	340	172	171
1023	Unobligated balances applied to repay debt	–340

1050	Unobligated balance (total)		172	171
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,656	506	354
1825	Spending authority from offsetting collections applied to repay debt	–1,240	–234	–181

1850	Spending auth from offsetting collections, mand (total)	416	272	173
1900	Budget authority (total)	416	272	173
1930	Total budgetary resources available	416	444	344
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	172	171	169

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		1	2
3010	New obligations, unexpired accounts	244	273	175
3020	Outlays (gross)	–243	–272	–175

3050	Unpaid obligations, end of year	1	2	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year		1	2
3200	Obligated balance, end of year	1	2	2

	Financing authority and disbursements, net:
	Mandatory:
4090	Budget authority, gross	416	272	173
	Financing disbursements:
4110	Outlays, gross (total)	243	272	175
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4122	Interest on uninvested funds	–21	–12	–21
4123	Non-Federal sources - Interest	–159	–129	–120
4123	Non-Federal sources - Principal	–1,476	–365	–213

4130	Offsets against gross budget authority and outlays (total)	–1,656	–506	–354

4160	Budget authority, net (mandatory)	–1,240	–234	–181
4170	Outlays, net (mandatory)	–1,413	–234	–179
4180	Budget authority, net (total)	–1,240	–234	–181
4190	Outlays, net (total)	–1,413	–234	–179


Identification code 020–4298–0–3–371		2017 actual	2018 est.	2019 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	6,508	5,032	4,667
1251	Repayments: Repayments and prepayments	–1,476	–365	–213

1290	Outstanding, end of year	5,032	4,667	4,454


Identification code 020–4298–0–3–371		2016 actual	2017 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	340	173
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	6,508	5,032
1405	Allowance for subsidy cost (-)	–791	–669

1499	Net present value of assets related to direct loans	5,717	4,363

1999	Total assets	6,057	4,536
	LIABILITIES:
2103	Federal liabilities: Debt	6,057	4,536

4999	Total liabilities and net position	6,057	4,536

Trust Funds


Identification code 020–8524–0–7–451		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	7	8
	Receipts:
	Current law:
1130	Affordable Housing Allocation, Capital Magnet Fund	119		129
	Proposed:
1230	Affordable Housing Allocation, Capital Magnet Fund			–129

1999	Total receipts	119

2000	Total: Balances and receipts	126	8
	Appropriations:
	Current law:
2101	Capital Magnet Fund, Community Development Financial Institutions	–119		–129
2103	Capital Magnet Fund, Community Development Financial Institutions	–7	–8
2132	Capital Magnet Fund, Community Development Financial Institutions	8

2199	Total current law appropriations	–118	–8	–129
	Proposed:
2201	Capital Magnet Fund, Community Development Financial Institutions			129

2999	Total appropriations	–118	–8

5099	Balance, end of year	8


Identification code 020–8524–0–7–451		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	CDFI Allocations		119	129
0002	CMF Administration	1	2	2

0900	Total new obligations	1	121	131

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2	119	6
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	119		129
1203	Appropriation (previously unavailable)	7	8
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–8

1260	Appropriations, mandatory (total)	118	8	129
1930	Total budgetary resources available	120	127	135
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	119	6	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	91	1	1
3010	New obligations, unexpired accounts	1	121	131
3020	Outlays (gross)	–91	–121	–131

3050	Unpaid obligations, end of year	1	1	1
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	91	1	1
3200	Obligated balance, end of year	1	1	1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	118	8	129
	Outlays, gross:
4100	Outlays from new mandatory authority	1	2	129
4101	Outlays from mandatory balances	90	119	2

4110	Outlays, gross (total)	91	121	131
4180	Budget authority, net (total)	118	8	129
4190	Outlays, net (total)	91	121	131


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	118	8	129
	Outlays	91	121	131
Legislative proposal, subject to PAYGO:
	Budget Authority			–129
	Outlays			–129
Total:
	Budget Authority	118	8
	Outlays	91	121	2

The Capital Magnet Fund (CMF) provides financial assistance grants to Community Development Financial Institutions 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) (P.L. 110–289), which directed the program to be funded from assessments on Fannie Mae and Freddie Mac (the GSEs). The 2019 Budget includes a proposal to eliminate new funding for CMF effective in 2019. The Budget also assumes no funds will be provided to the CMF in 2018 in accordance with the Federal Housing Finance Agency's 2014 stated policy that funds will not be transferred if the transfer would cause the GSEs to draw on the Treasury funding commitment under the Preferred Stock Purchase Agreements (PSPAs). The Budget anticipates that such a draw will occur in 2018 as a result of the enactment of tax reform legislation.


Identification code 020–8524–0–7–451		2017 actual	2018 est.	2019 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	1	1	1
25.1	Advisory and assistance services		1	1
41.0	Grants, subsidies, and contributions		119	129

99.9	Total new obligations, unexpired accounts	1	121	131


Identification code 020–8524–0–7–451		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	4	5	5


Identification code 020–8524–4–7–451		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	CDFI Allocations			–129

0900	Total new obligations (object class 41.0)			–129

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)			–129
1930	Total budgetary resources available			–129

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–129
3020	Outlays (gross)			129

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–129
	Outlays, gross:
4100	Outlays from new mandatory authority			–129
4180	Budget authority, net (total)			–129
4190	Outlays, net (total)			–129


Identification code 020–8790–0–7–803		2017 actual	2018 est.	2019 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 $12,000 for official reception and representation expenses; and for assistance to Federal law enforcement agencies, with or without reimbursement, $117,800,000, of which not to exceed $34,335,000 shall remain available until September 30, 2021.


Identification code 020–0173–0–1–751		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	BSA administration and Analysis	115	114	118
0801	Reimbursable program activity	3	3	3

0900	Total new obligations, unexpired accounts	118	117	121

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	44	44	43
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	115	114	118
	Spending authority from offsetting collections, discretionary:
1700	Collected	1	2	2
1701	Change in uncollected payments, Federal sources	2

1750	Spending auth from offsetting collections, disc (total)	3	2	2
1900	Budget authority (total)	118	116	120
1930	Total budgetary resources available	162	160	163
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	44	43	42

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	47	47	40
3010	New obligations, unexpired accounts	118	117	121
3011	Obligations ("upward adjustments"), expired accounts	2
3020	Outlays (gross)	–117	–124	–125
3041	Recoveries of prior year unpaid obligations, expired	–3

3050	Unpaid obligations, end of year	47	40	36
	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	45	45	38
3200	Obligated balance, end of year	45	38	34

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	118	116	120
	Outlays, gross:
4010	Outlays from new discretionary authority	63	88	90
4011	Outlays from discretionary balances	54	36	35

4020	Outlays, gross (total)	117	124	125
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–2	–2	–2
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–2
4052	Offsetting collections credited to expired accounts	1

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

4070	Budget authority, net (discretionary)	115	114	118
4080	Outlays, net (discretionary)	115	122	123
4180	Budget authority, net (total)	115	114	118
4190	Outlays, net (total)	115	122	123

The Federal Crimes Enforcement Network (FinCEN) safeguards the financial system from illicit use, combats money laundering, and promotes 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		2017 actual	2018 est.	2019 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	4	4	4
23.3	Communications, utilities, and miscellaneous charges	2	2	2
25.1	Advisory and assistance services	2	1	1
25.2	Other services from non-Federal sources	31	16	20
25.3	Other goods and services from Federal sources	11	9	9
25.7	Operation and maintenance of equipment	16	18	18
31.0	Equipment	3	7	7

99.0	Direct obligations	115	113	117
99.0	Reimbursable obligations	2	3	3
99.5	Adjustment for rounding	1	1	1

99.9	Total new obligations, unexpired accounts	118	117	121


Identification code 020–0173–0–1–751		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	274	304	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, 2021, 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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	1	2	29
	Receipts:
	Current law:
1130	Debt Collection, Non-federal Receipts	152	173	175
1140	Debt Collection Improvement Fund, Federal Receipts	21	30	30

1199	Total current law receipts	173	203	205
	Proposed:
1230	Debt Collection, Non-federal Receipts			32
1230	Debt Collection, Non-federal Receipts			8

1299	Total proposed receipts			40

1999	Total receipts	173	203	245

2000	Total: Balances and receipts	174	205	274
	Appropriations:
	Current law:
2101	Salaries and Expenses	–173	–175	–218
2103	Salaries and Expenses	–1	–2	–1
2132	Salaries and Expenses	2	1

2199	Total current law appropriations	–172	–176	–219

2999	Total appropriations	–172	–176	–219

5099	Balance, end of year	2	29	55


Identification code 020–0520–0–1–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Collections	35	36	36
0002	Debt Collection	177	175	218
0005	Accounting and Reporting	115	108	92
0006	Payments	134	126	121
0007	Retail Securities Services	62	62	62
0009	Wholesale Securities Services	17	19	20

0799	Total direct obligations	540	526	549
0801	Salaries and Expenses (Reimbursable)	184	203	203

0900	Total new obligations, unexpired accounts	724	729	752

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	88	71	72
1001	Discretionary unobligated balance brought fwd, Oct 1	17	12
1012	Unobligated balance transfers between expired and unexpired accounts	1
1021	Recoveries of prior year unpaid obligations	6

1050	Unobligated balance (total)	95	71	72
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	353	351	331
	Appropriations, mandatory:
1201	Special Fund 20–5445	173	175	218
1203	Appropriation (previously unavailable)	1	2	1
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2	–1
1235	Capital transfer of appropriations to general fund	–8

1260	Appropriations, mandatory (total)	164	176	219
	Spending authority from offsetting collections, discretionary:
1700	Collected	175	203	203
1701	Change in uncollected payments, Federal sources	9

1750	Spending auth from offsetting collections, disc (total)	184	203	203
1900	Budget authority (total)	701	730	753
1930	Total budgetary resources available	796	801	825
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	71	72	73
	Special and non-revolving trust funds:
1951	Unobligated balance expiring	1
1952	Expired unobligated balance, start of year	17
1953	Expired unobligated balance, end of year	12

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	108	102	101
3010	New obligations, unexpired accounts	724	729	752
3011	Obligations ("upward adjustments"), expired accounts	7
3020	Outlays (gross)	–721	–730	–753
3040	Recoveries of prior year unpaid obligations, unexpired	–6
3041	Recoveries of prior year unpaid obligations, expired	–10

3050	Unpaid obligations, end of year	102	101	100
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–37	–12	–12
3070	Change in uncollected pymts, Fed sources, unexpired	–9
3071	Change in uncollected pymts, Fed sources, expired	34

3090	Uncollected pymts, Fed sources, end of year	–12	–12	–12
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	71	90	89
3200	Obligated balance, end of year	90	89	88

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	537	554	534
	Outlays, gross:
4010	Outlays from new discretionary authority	481	463	447
4011	Outlays from discretionary balances	69	91	87

4020	Outlays, gross (total)	550	554	534
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–209	–203	–203

4040	Offsets against gross budget authority and outlays (total)	–209	–203	–203
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–9
4052	Offsetting collections credited to expired accounts	34

4060	Additional offsets against budget authority only (total)	25

4070	Budget authority, net (discretionary)	353	351	331
4080	Outlays, net (discretionary)	341	351	331
	Mandatory:
4090	Budget authority, gross	164	176	219
	Outlays, gross:
4100	Outlays from new mandatory authority	82	125	157
4101	Outlays from mandatory balances	89	51	62

4110	Outlays, gross (total)	171	176	219
4180	Budget authority, net (total)	517	527	550
4190	Outlays, net (total)	512	527	550

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. In addition to supporting the National Critical Financial Infrastructure of the Federal Government, the Fiscal Service plays a key role in achieving the Department's goals to transform government-wide financial stewardship and achieve operational excellence. Specifically, Fiscal Service is responsible for 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 converting disbursement checks to electronic payments; centralizing Federal disbursing; reducing improper payments; expanding electronic invoicing; reducing collections lockboxes while increasing digitization; improving the effectiveness of debt collection activities; developing new solutions for streamlining government-wide accounting; and expanding mobile processes to allow the public to interact with the Government how they want. The Budget also provides resources to support the Bureau's government-wide leadership role in spending transparency including continued operational support for execution of the Digital Accountability and Transparency Act of 2014.


Identification code 020–0520–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	184	184	181
11.3	Other than full-time permanent		1	1
11.5	Other personnel compensation	5	6	6
11.8	Special personal services payments		24	24

11.9	Total personnel compensation	189	215	212
12.1	Civilian personnel benefits	63	63	61
13.0	Benefits for former personnel		3
21.0	Travel and transportation of persons	3	3	3
23.1	Rental payments to GSA	31	26	26
23.3	Communications, utilities, and miscellaneous charges	18	16	15
25.1	Advisory and assistance services	46	43	38
25.2	Other services from non-Federal sources	20	18	56
25.3	Other goods and services from Federal sources	146	115	116
25.4	Operation and maintenance of facilities	3	3	3
25.7	Operation and maintenance of equipment	9	9	9
26.0	Supplies and materials	5	5	5
31.0	Equipment	5	5	4
32.0	Land and structures	2	2	1

99.0	Direct obligations	540	526	549
99.0	Reimbursable obligations	184	203	203

99.9	Total new obligations, unexpired accounts	724	729	752


Identification code 020–0520–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	2,084	2,110	2,089
2001	Reimbursable civilian full-time equivalent employment	10	10	10


Identification code 020–0562–0–1–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Reimbursements to Federal Reserve Banks (Direct)	147	149	158

0900	Total new obligations (object class 25.2)	147	149	158

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	9
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	138	149	158
1930	Total budgetary resources available	147	149	158

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	37	39	37
3010	New obligations, unexpired accounts	147	149	158
3020	Outlays (gross)	–136	–151	–155
3040	Recoveries of prior year unpaid obligations, unexpired	–9

3050	Unpaid obligations, end of year	39	37	40
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	37	39	37
3200	Obligated balance, end of year	39	37	40

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	138	149	158
	Outlays, gross:
4100	Outlays from new mandatory authority	99	112	118
4101	Outlays from mandatory balances	37	39	37

4110	Outlays, gross (total)	136	151	155
4180	Budget authority, net (total)	138	149	158
4190	Outlays, net (total)	136	151	155

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 020–1851–0–1–908		2017 actual	2018 est.	2019 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 have included 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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	7	9	1
	Receipts:
	Current law:
1110	GSE Assessments, Hope Reserve Fund	114

2000	Total: Balances and receipts	121	9	1
	Appropriations:
	Current law:
2101	Hope Reserve Fund	–114
2103	Hope Reserve Fund	–6	–8
2132	Hope Reserve Fund	8

2199	Total current law appropriations	–112	–8

2999	Total appropriations	–112	–8

5099	Balance, end of year	9	1	1


Identification code 020–5581–0–2–371		2017 actual	2018 est.	2019 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	50	78	86
1022	Capital transfer of unobligated balances to general fund	–50

1050	Unobligated balance (total)		78	86
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	114
1203	Appropriation (previously unavailable)	6	8
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–8
1235	Capital transfer of appropriations to general fund	–34

1260	Appropriations, mandatory (total)	78	8
1930	Total budgetary resources available	78	86	86
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	78	86	86

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	78	8
4180	Budget authority, net (total)	78	8
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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Federal Reserve Bank services	577	586	608

0900	Total new obligations (object class 25.2)	577	586	608

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	53
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	524	586	608
1930	Total budgetary resources available	577	586	608

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	150	160	179
3010	New obligations, unexpired accounts	577	586	608
3020	Outlays (gross)	–514	–567	–601
3040	Recoveries of prior year unpaid obligations, unexpired	–53

3050	Unpaid obligations, end of year	160	179	186
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	150	160	179
3200	Obligated balance, end of year	160	179	186

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	524	586	608
	Outlays, gross:
4100	Outlays from new mandatory authority	364	407	422
4101	Outlays from mandatory balances	150	160	179

4110	Outlays, gross (total)	514	567	601
4180	Budget authority, net (total)	524	586	608
4190	Outlays, net (total)	514	567	601

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		2017 actual	2018 est.	2019 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Financial agent services	802	841	831

0900	Total new obligations (object class 25.2)	802	841	831

	Budgetary resources:
	Unobligated balance:
1021	Recoveries of prior year unpaid obligations	11
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	794	843	833
1220	Appropriations transferred to other accts [020–0126]	–3	–2	–2

1260	Appropriations, mandatory (total)	791	841	831
1930	Total budgetary resources available	802	841	831

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	63	64	76
3010	New obligations, unexpired accounts	802	841	831
3020	Outlays (gross)	–790	–829	–829
3040	Recoveries of prior year unpaid obligations, unexpired	–11

3050	Unpaid obligations, end of year	64	76	78
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	63	64	76
3200	Obligated balance, end of year	64	76	78

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	791	841	831
	Outlays, gross:
4100	Outlays from new mandatory authority	727	765	753
4101	Outlays from mandatory balances	63	64	76

4110	Outlays, gross (total)	790	829	829
4180	Budget authority, net (total)	791	841	831
4190	Outlays, net (total)	790	829	829

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Interest of uninvested funds	8	9	9

0900	Total new obligations (object class 43.0)	8	9	9

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1			3
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	8	12	12
1930	Total budgetary resources available	8	12	15
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year		3	6

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	57	52	49
3010	New obligations, unexpired accounts	8	9	9
3020	Outlays (gross)	–13	–12	–12

3050	Unpaid obligations, end of year	52	49	46
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	57	52	49
3200	Obligated balance, end of year	52	49	46

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	8	12	12
	Outlays, gross:
4101	Outlays from mandatory balances	13	12	12
4180	Budget authority, net (total)	8	12	12
4190	Outlays, net (total)	13	12	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		2017 actual	2018 est.	2019 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:
	Unobligated balance:
1029	Other balances withdrawn to Treasury	–2
1033	Recoveries of prior year paid obligations	2
	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
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–2
	Additional offsets against gross budget authority only:
4143	Recoveries of prior year paid obligations, unexpired accounts	2

4160	Budget authority, net (mandatory)		1	1
4170	Outlays, net (mandatory)	–2	1	1
4180	Budget authority, net (total)		1	1
4190	Outlays, net (total)	–2	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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Interest paid to credit financing accounts	8,352	10,835	11,367

0900	Total new obligations (object class 43.0)	8,352	10,835	11,367

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	8,352	10,835	11,367
1930	Total budgetary resources available	8,352	10,835	11,367

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	13
3010	New obligations, unexpired accounts	8,352	10,835	11,367
3020	Outlays (gross)	–8,365	–10,835	–11,367
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	13

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	8,352	10,835	11,367
	Outlays, gross:
4100	Outlays from new mandatory authority	8,352	10,835	11,367
4101	Outlays from mandatory balances	13

4110	Outlays, gross (total)	8,365	10,835	11,367
4180	Budget authority, net (total)	8,352	10,835	11,367
4190	Outlays, net (total)	8,365	10,835	11,367

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Claims for damages	2	2	2
0003	Claims for contract disputes	563	240	240

0091	Total claims adjudicated administratively	565	242	242
0101	Judgments, Court of Claims	1,932	1,437	1,437
0102	Judgments, U.S. courts	823	576	576

0191	Total court judgments	2,755	2,013	2,013

0900	Total new obligations (object class 42.0)	3,320	2,255	2,255

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,320	2,255	2,255
1930	Total budgetary resources available	3,320	2,255	2,255

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	692	203
3010	New obligations, unexpired accounts	3,320	2,255	2,255
3020	Outlays (gross)	–3,809	–2,458	–2,255

3050	Unpaid obligations, end of year	203
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	692	203
3200	Obligated balance, end of year	203

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,320	2,255	2,255
	Outlays, gross:
4100	Outlays from new mandatory authority	3,117	2,255	2,255
4101	Outlays from mandatory balances	692	203

4110	Outlays, gross (total)	3,809	2,458	2,255
4180	Budget authority, net (total)	3,320	2,255	2,255
4190	Outlays, net (total)	3,809	2,458	2,255


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	3,320	2,255	2,255
	Outlays	3,809	2,458	2,255
Legislative proposal, subject to PAYGO:
	Budget Authority			–3
	Outlays			–3
Total:
	Budget Authority	3,320	2,255	2,252
	Outlays	3,809	2,458	2,252

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 020–1895–4–1–808		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0102	Judgments, U.S. courts			–3

0191	Total court judgments			–3

0900	Total new obligations (object class 42.0)			–3

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

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–3
	Outlays, gross:
4100	Outlays from new mandatory authority			–3
4180	Budget authority, net (total)			–3
4190	Outlays, net (total)			–3

The Budget proposes to reform medical liability and reduce defensive medicine beginning in 2019 by implementing a set of provisions to reduce the number of high dollar awards, limit liability, reduce provider burden, promote evidence-based practices, and strengthen the physician-patient relationship. These reforms are expected to reduce healthcare costs for all Americans and reduce health insurance premiums.


Identification code 020–1875–0–1–908		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Restitution of Forgone Interest (Direct)	1,587	732

0900	Total new obligations (object class 43.0)	1,587	732

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1,587	732
1930	Total budgetary resources available	1,587	732

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	1,587	732
3020	Outlays (gross)	–1,587	–732

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,587	732
	Outlays, gross:
4100	Outlays from new mandatory authority	1,587	732
4180	Budget authority, net (total)	1,587	732
4190	Outlays, net (total)	1,587	732

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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	3	3	13
	Receipts:
	Current law:
1110	Antidumping and Countervailing Duties, Continued Dumping and Subsidy Offset	47	50	50

2000	Total: Balances and receipts	50	53	63
	Appropriations:
	Current law:
2101	Continued Dumping and Subsidy Offset	–47	–40	–40
2103	Continued Dumping and Subsidy Offset	–3	–3	–3
2132	Continued Dumping and Subsidy Offset	3	3

2199	Total current law appropriations	–47	–40	–43

2999	Total appropriations	–47	–40	–43

5099	Balance, end of year	3	13	20


Identification code 020–5688–0–2–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Continued dumping and subsidy offset	47	46	43

0900	Total new obligations (object class 41.0)	47	46	43

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	141	141	135
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	47	40	40
1203	Appropriation (previously unavailable)	3	3	3
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–3	–3

1260	Appropriations, mandatory (total)	47	40	43
1930	Total budgetary resources available	188	181	178
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	141	135	135

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	47	46	43
3020	Outlays (gross)	–47	–46	–43

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	47	40	43
	Outlays, gross:
4100	Outlays from new mandatory authority		43	43
4101	Outlays from mandatory balances	47	3

4110	Outlays, gross (total)	47	46	43
4180	Budget authority, net (total)	47	40	43
4190	Outlays, net (total)	47	46	43

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 certain of 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		2017 actual	2018 est.	2019 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	2	7	7
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	5
	Spending authority from offsetting collections, mandatory:
1800	Collected	10	10	10
1900	Budget authority (total)	15	10	10
1930	Total budgetary resources available	17	17	17
	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	10	10	10
3020	Outlays (gross)	–10	–10	–10

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	15	10	10
	Outlays, gross:
4100	Outlays from new mandatory authority	8	10	10
4101	Outlays from mandatory balances	2

4110	Outlays, gross (total)	10	10	10
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–10	–10	–10
4180	Budget authority, net (total)	5
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		2017 actual	2018 est.	2019 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		2017 actual	2018 est.	2019 est.

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

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

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	1	1
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	1	1	1
1930	Total budgetary resources available	2	2	2
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	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:
4101	Outlays from mandatory balances	1	1	1
4180	Budget authority, net (total)	1	1	1
4190	Outlays, net (total)	1	1	1

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

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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	10	22	12
	Receipts:
	Current law:
1110	Administrative and Civil Penalties, Gulf Coast Restoration Trust Fund	303	152	303
1140	Earnings on Investments, Gulf Coast Restoration Trust Fund	6	14	21

1199	Total current law receipts	309	166	324

1999	Total receipts	309	166	324

2000	Total: Balances and receipts	319	188	336
	Appropriations:
	Current law:
2101	Gulf Coast Restoration Trust Fund	–309	–166	–324
2103	Gulf Coast Restoration Trust Fund	–9	–21	–11
2132	Gulf Coast Restoration Trust Fund	21	11

2199	Total current law appropriations	–297	–176	–335

2999	Total appropriations	–297	–176	–335

5099	Balance, end of year	22	12	1


Identification code 020–8625–0–7–452		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Direct Component	53	88	130
0002	Comprehensive Plan Component	163	71	49
0003	Oil Spill Restoration Impact Component	71	147	163
0004	NOAA RESTORE Act Science Program	8	6	6
0005	Centers of Excellence Research Grants	1	2

0900	Total new obligations	296	314	348

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	883	884	746
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	309	166	324
1203	Appropriation (previously unavailable)	9	21	11
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–21	–11

1260	Appropriations, mandatory (total)	297	176	335
1900	Budget authority (total)	297	176	335
1930	Total budgetary resources available	1,180	1,060	1,081
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	884	746	733

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	34	281	480
3010	New obligations, unexpired accounts	296	314	348
3020	Outlays (gross)	–49	–115	–120

3050	Unpaid obligations, end of year	281	480	708
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	34	281	480
3200	Obligated balance, end of year	281	480	708

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	297	176	335
	Outlays, gross:
4101	Outlays from mandatory balances	49	115	120
4180	Budget authority, net (total)	297	176	335
4190	Outlays, net (total)	49	115	120

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	927	1,190	1,237
5001	Total investments, EOY: Federal securities: Par value	1,190	1,237	1,431

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		2017 actual	2018 est.	2019 est.

	Direct obligations:
41.0	Grants, subsidies, and contributions	54	224	218
94.0	Financial transfers	242	90	130

99.9	Total new obligations, unexpired accounts	296	314	348

Federal Funds


Identification code 020–4521–0–4–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0801	Administrative Expenses	11	12	12
0802	Interest on borrowings from Treasury	1,283	1,407	1,557
0803	Interest on borrowings from CRSDF	401	340	296

0900	Total new obligations, unexpired accounts	1,695	1,759	1,865

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	598	130	474
1023	Unobligated balances applied to repay debt	–598

1050	Unobligated balance (total)		130	474
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	2,029	2,103	2,371
1825	Spending authority from offsetting collections applied to repay debt	–204

1850	Spending auth from offsetting collections, mand (total)	1,825	2,103	2,371
1930	Total budgetary resources available	1,825	2,233	2,845
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	130	474	980

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	1	1	1
3010	New obligations, unexpired accounts	1,695	1,759	1,865
3020	Outlays (gross)	–1,695	–1,759	–1,865

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	1,825	2,103	2,371
	Outlays, gross:
4100	Outlays from new mandatory authority	1,695	1,759	1,865
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–2,029	–2,103	–2,371
4180	Budget authority, net (total)	–204
4190	Outlays, net (total)	–334	–344	–506

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 2017, as a result of this provision, the FFB received $10 million less than it was contractually entitled to receive. In 2016, the FFB's net inflows were $247 million. In 2017, FFB's net inflows were $407 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.


	2017 Actual	2018 Estimate	2019 Estimate

A. Department of Agriculture:
1. Rural Utilities Service:
Lending, net	1,741	1,084	1,125
Loans outstanding	45,080	46,164	47,289
B. Department of Education:
1. Historically black colleges and universities:
Lending, net	124	103	103
Loans outstanding	1,560	1,663	1,766
C. Department of Energy:
1. Title 17 innovative technology loans:
Lending, net	–144	1,695	1,295
Loans outstanding	11,395	13,090	14,385
2. Advanced technology vehicles manufacturing loans:
Lending, net	–1,060	–591	–591
Loans outstanding	2,800	2,209	1,618
D. Department of Housing and Urban Development:
1. Multifamily Risk Share Program:
Lending, net	638	1,135	101
Loans outstanding	1,192	2,327	2,428
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	163	435	395
Loans outstanding	490	925	1,320
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	1,462	3,861	2,428
Loans outstanding	77,521	81,382	83,810


Identification code 020–4521–0–4–803		2017 actual	2018 est.	2019 est.

	Reimbursable obligations:
25.2	Other services from non-Federal sources	11	12	12
43.0	Interest and dividends	1,684	1,747	1,853

99.9	Total new obligations, unexpired accounts	1,695	1,759	1,865

Federal Funds

For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002, including hire of passenger motor vehicles, $114,427,000, of which $5,000,000 shall remain available until September 30, 2020; of which not to exceed $6,000 shall be available for official reception and representation expenses; and of which not to exceed $50,000 shall be available 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Protect the Public	54	57	57
0002	Collect revenue	53	53	57

0192	Total direct program	107	110	114

0799	Total direct obligations	107	110	114
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	113	117	121

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1		4	4
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	111	110	114
	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)	117	117	121
1930	Total budgetary resources available	117	121	125
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	4	4	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	23	22	22
3010	New obligations, unexpired accounts	113	117	121
3011	Obligations ("upward adjustments"), expired accounts	1
3020	Outlays (gross)	–114	–117	–120
3041	Recoveries of prior year unpaid obligations, expired	–1

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

3090	Uncollected pymts, Fed sources, end of year	–3	–3	–3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	21	19	19
3200	Obligated balance, end of year	19	19	20

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	117	117	121
	Outlays, gross:
4010	Outlays from new discretionary authority	94	97	101
4011	Outlays from discretionary balances	20	20	19

4020	Outlays, gross (total)	114	117	120
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–2	–1	–1
4033	Non-Federal sources	–3	–6	–6

4040	Offsets against gross budget authority and outlays (total)	–5	–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	1

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

4070	Budget authority, net (discretionary)	111	110	114
4080	Outlays, net (discretionary)	109	110	113
4180	Budget authority, net (total)	111	110	114
4190	Outlays, net (total)	109	110	113

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. Additionally, the Budget proposes legislation to transfer primary jurisdiction over federal tobacco and alcohol anti-smuggling laws from the Department of Justice and the Bureau of Alcohol, Tobacco, Firearms and Explosives to the Department of the Treasury and TTB. Under the proposal, TTB would be responsible for the administration and enforcement of the Jenkins Act of 1949 (as amended by the Prevent All Cigarette Trafficking Act of 2009), 15 U.S.C. Chapter 10A, the Contraband Cigarette Trafficking Act of 1978, 18 U.S.C. Chapter 114, and the criminal statutes involving Liquor Trafficking, 18 U.S.C. Chapter 59. The Budget request for TTB includes $5 million as an initial investment for start-up costs to initiate this transfer.


Identification code 020–1008–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	47	51	48
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	48	52	49
12.1	Civilian personnel benefits	16	15	15
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	10
25.2	Other services from non-Federal sources	11	25	29
25.3	Other goods and services from Federal sources	8	8	9
25.7	Operation and maintenance of equipment	3
26.0	Supplies and materials			1
31.0	Equipment	4	2	3

99.0	Direct obligations	107	110	114
99.0	Reimbursable obligations	6	7	7

99.9	Total new obligations, unexpired accounts	113	117	121


Identification code 020–1008–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	478	507	492
2001	Reimbursable civilian full-time equivalent employment	10	10	10


Identification code 020–5737–0–2–806		2017 actual	2018 est.	2019 est.

0100	Balance, start of year
	Receipts:
	Current law:
1110	Deposits, Internal Revenue Collections for Puerto Rico	365	379	391

2000	Total: Balances and receipts	365	379	391
	Appropriations:
	Current law:
2101	Internal Revenue Collections for Puerto Rico	–365	–379	–391

5099	Balance, end of year


Identification code 020–5737–0–2–806		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Internal revenue collections for Puerto Rico	365	379	391

0900	Total new obligations (object class 41.0)	365	379	391

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	365	379	391
1930	Total budgetary resources available	365	379	391

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	365	379	391
3020	Outlays (gross)	–365	–379	–391

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	365	379	391
	Outlays, gross:
4100	Outlays from new mandatory authority	365	379	391
4180	Budget authority, net (total)	365	379	391
4190	Outlays, net (total)	365	379	391

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 applicable distilled spirits rate. (26 U.S.C. 5001(a)(1) and (c)(1)). Excise tax collections on imported rum are covered-over to Puerto Rico and the U.S. Virgin Islands 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) (determined as if subsection (c)(1) of such section did not apply), on each proof gallon. (26 U.S.C. 7652(f)). After December 31, 2017, and before January 1, 2020, the cover-over payment associated with any particular proof gallon of rum, may exceed the taxes collected on such proof gallon, depending on the applicable distilled spirits rate.

Federal Funds


Identification code 020–4502–0–4–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0801	Currency program	712	832	887
0803	Other programs		7	9

0900	Total new obligations, unexpired accounts	712	839	896

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	134	73	73
1020	Adjustment of unobligated bal brought forward, Oct 1	–67
1021	Recoveries of prior year unpaid obligations	12

1050	Unobligated balance (total)	79	73	73
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	718	839	896
1701	Change in uncollected payments, Federal sources	–12

1750	Spending auth from offsetting collections, disc (total)	706	839	896
1930	Total budgetary resources available	785	912	969
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	73	73	73

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	114	181	9
3001	Adjustments to unpaid obligations, brought forward, Oct 1	67
3010	New obligations, unexpired accounts	712	839	896
3020	Outlays (gross)	–700	–1,011	–896
3040	Recoveries of prior year unpaid obligations, unexpired	–12

3050	Unpaid obligations, end of year	181	9	9
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–51	–39	–39
3070	Change in uncollected pymts, Fed sources, unexpired	12

3090	Uncollected pymts, Fed sources, end of year	–39	–39	–39
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	130	142	–30
3200	Obligated balance, end of year	142	–30	–30

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	706	839	896
	Outlays, gross:
4010	Outlays from new discretionary authority	577	839	896
4011	Outlays from discretionary balances	123	172

4020	Outlays, gross (total)	700	1,011	896
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–718	–839	–896

4040	Offsets against gross budget authority and outlays (total)	–718	–839	–896
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	12
4080	Outlays, net (discretionary)	–18	172
4180	Budget authority, net (total)
4190	Outlays, net (total)	–18	172

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, 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, 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. In 2019, BEP requests legislative authority to purchase land and construct a new, smaller, and more efficient currency production facility in the National Capital Region. The Federal Reserve Board supports this project. Alternatively, BEP would need to use existing legislative authorities to renovate the existing Main and Annex Buildings in order to ensure its ability to meet its mission.


Identification code 020–4502–0–4–803		2017 actual	2018 est.	2019 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	165	164	189
11.5	Other personnel compensation	20	15	17

11.9	Total personnel compensation	185	179	206
12.1	Civilian personnel benefits	47	48	67
21.0	Travel and transportation of persons	1	2	2
23.1	Rental payments to GSA	2	2	2
23.2	Rental payments to others		1	1
23.3	Communications, utilities, and miscellaneous charges	16	14	14
24.0	Printing and reproduction	1	1	1
25.1	Advisory and assistance services	3	4	5
25.2	Other services from non-Federal sources	75	133	145
25.4	Operation and maintenance of facilities		9	10
25.5	Research and development contracts		15	17
25.7	Operation and maintenance of equipment		12	12
26.0	Supplies and materials	315	274	260
31.0	Equipment	66	145	154

99.0	Reimbursable obligations	711	839	896
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	712	839	896


Identification code 020–4502–0–4–803		2017 actual	2018 est.	2019 est.

2001	Reimbursable civilian full-time equivalent employment	1,818	1,842	1,836

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 2019 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0806	Total Operating	2,165	2,904	2,929
0807	Circulating and Protection Capital	29	30	30
0808	Numismatic Capital	10	11	11

0900	Total new obligations, unexpired accounts	2,204	2,945	2,970

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	435	617	441
1020	Adjustment of unobligated bal brought forward, Oct 1		–194
1021	Recoveries of prior year unpaid obligations	18	18	18
1022	Capital transfer of unobligated balances to general fund	–19

1050	Unobligated balance (total)	434	441	459
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	2,387	2,945	2,970
1930	Total budgetary resources available	2,821	3,386	3,429
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	617	441	459

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	293	202	428
3001	Adjustments to unpaid obligations, brought forward, Oct 1		194
3010	New obligations, unexpired accounts	2,204	2,945	2,970
3020	Outlays (gross)	–2,277	–2,895	–2,980
3040	Recoveries of prior year unpaid obligations, unexpired	–18	–18	–18

3050	Unpaid obligations, end of year	202	428	400
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	293	396	428
3200	Obligated balance, end of year	202	428	400

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	2,387	2,945	2,970
	Outlays, gross:
4010	Outlays from new discretionary authority	2,203	2,680	2,703
4011	Outlays from discretionary balances	74	215	277

4020	Outlays, gross (total)	2,277	2,895	2,980
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–2,235	–2,945	–2,970
4034	Offsetting governmental collections	–152

4040	Offsets against gross budget authority and outlays (total)	–2,387	–2,945	–2,970
4080	Outlays, net (discretionary)	–110	–50	10
4180	Budget authority, net (total)
4190	Outlays, net (total)	–110	–50	10

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 2017, the Mint transferred $269 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 2019 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 cap for FY 2018 and 2019 is $30 million each year.

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, platinum and palladium 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		2017 actual	2018 est.	2019 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	130	147	147
11.3	Other than full-time permanent	1
11.5	Other personnel compensation	12	13	13

11.9	Total personnel compensation	143	160	160
12.1	Civilian personnel benefits	49	52	53
13.0	Benefits for former personnel		1	1
21.0	Travel and transportation of persons	2	3	3
22.0	Transportation of things	29	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	4	2	2
25.1	Advisory and assistance services	46	53	55
25.2	Other services from non-Federal sources	21	29	30
25.3	Other goods and services from Federal sources	19	21	22
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	8	8	8
26.0	Supplies and materials	1,806	2,508	2,528
31.0	Equipment	29	31	31
32.0	Land and structures	12	12	12

99.0	Reimbursable obligations	2,204	2,945	2,970

99.9	Total new obligations, unexpired accounts	2,204	2,945	2,970


Identification code 020–4159–0–3–803		2017 actual	2018 est.	2019 est.

2001	Reimbursable civilian full-time equivalent employment	1,645	1,705	1,705

The Internal Revenue Service (IRS) collects the revenue that funds the Government and administers the Nation's tax laws. During 2017, the IRS processed 246 million tax forms and collected $3.4 trillion in taxes (gross receipts before tax refunds), totaling 94 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 2019 Budget provides $11 million for the IRS to administer the tax code and implement key strategic priorities. In addition, the Budget proposes to establish and fund a new adjustment to the discretionary caps for program integrity activities starting in 2019, including a $362 million cap adjustment in 2019. The activities through 2028 are estimated to generate $44 billion in additional revenue over 10 years and cost approximately $15 billion resulting in an estimated net savings of $29 billion. Once these investments are fully operational, these initiatives are expected to generate roughly $4 in additional revenue for every $1 in IRS expenses.

Taxpayer Service Account. 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 2017, there were more than 490 million visits to www.IRS.gov, and taxpayers checked their refund status more than 278 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 2017.

Enforcement Account. 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. In addition to the base resources, this account also includes $205 million for activities for additional tax enforcement and compliance activities.

Operations Support Account. The Budget includes funding for the overall planning, direction, operations and critical infrastructure activities, including the IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the Nation's revenues, and the physical infrastructure and security of IRS facilities. In addition to the base resources, this account also includes $157 million to support additional tax enforcement and compliance activities.

Modernization Account. IRS modernization efforts focus on building and deploying advanced information technology systems, processes, and tools to improve efficiency and enhance productivity.

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, and other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $2,241,000,000; of which not less than $8,890,000 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; of which not less than $15,000,000, to remain available until September 30, 2020, shall be available for a Community Volunteer Income Tax Assistance matching grants program for tax return preparation assistance; and 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Pre-filing taxpayer assistance and education	600	604	608
0002	Filing and account services	1,821	1,855	1,701

0100	Subtotal, direct programs	2,421	2,459	2,309

0799	Total direct obligations	2,421	2,459	2,309
0801	Taxpayer Services (Reimbursable)	63	74	37

0900	Total new obligations, unexpired accounts	2,484	2,533	2,346

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	5	46	5
1011	Unobligated balance transfer from other acct [020–5432]		64	64
1012	Unobligated balance transfers between expired and unexpired accounts	5

1050	Unobligated balance (total)	10	110	69
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	2,366	2,350	2,241
1121	Appropriations transferred from other acct [020–0913]	90
1121	Appropriations transferred from other acct [020–5432]	4	4	4

1160	Appropriation, discretionary (total)	2,460	2,354	2,245
	Spending authority from offsetting collections, discretionary:
1700	Collected	63	74	37
1900	Budget authority (total)	2,523	2,428	2,282
1930	Total budgetary resources available	2,533	2,538	2,351
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	46	5	5

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	152	168	193
3010	New obligations, unexpired accounts	2,484	2,533	2,346
3011	Obligations ("upward adjustments"), expired accounts	21
3020	Outlays (gross)	–2,483	–2,498	–2,340
3041	Recoveries of prior year unpaid obligations, expired	–6	–10	–10

3050	Unpaid obligations, end of year	168	193	189
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	152	168	193
3200	Obligated balance, end of year	168	193	189

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	2,523	2,428	2,282
	Outlays, gross:
4010	Outlays from new discretionary authority	2,316	2,272	2,133
4011	Outlays from discretionary balances	167	226	207

4020	Outlays, gross (total)	2,483	2,498	2,340
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–69	–76	–42
4033	Non-Federal sources	–14	–9	–7

4040	Offsets against gross budget authority and outlays (total)	–83	–85	–49
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	20	11	12

4070	Budget authority, net (discretionary)	2,460	2,354	2,245
4080	Outlays, net (discretionary)	2,400	2,413	2,291
4180	Budget authority, net (total)	2,460	2,354	2,245
4190	Outlays, net (total)	2,400	2,413	2,291

This appropriation primarily funds staffing for the processing of tax returns and related documents, and assistance for taxpayers in filing returns and paying taxes in a timely manner. It also supports a number of other activities, including forms, publications, and taxpayer advocacy services.


Identification code 020–0912–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,523	1,523	1,406
11.3	Other than full-time permanent	43	32	32
11.5	Other personnel compensation	65	72	72

11.9	Total personnel compensation	1,631	1,627	1,510
12.1	Civilian personnel benefits	600	627	581
13.0	Benefits for former personnel	29	27	27
21.0	Travel and transportation of persons	9	11	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	9	10
25.1	Advisory and assistance services	36	41	50
25.2	Other services from non-Federal sources	9	14	14
25.3	Other goods and services from Federal sources	55	59	60
26.0	Supplies and materials	5	6	6
41.0	Grants, subsidies, and contributions	36	36	36

99.0	Direct obligations	2,421	2,459	2,308
99.0	Reimbursable obligations	63	74	37
99.5	Adjustment for rounding			1

99.9	Total new obligations, unexpired accounts	2,484	2,533	2,346


Identification code 020–0912–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	28,692	27,804	24,668
1001	Direct civilian full-time equivalent employment	71	75	71
2001	Reimbursable civilian full-time equivalent employment	708	895	423

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)), and to provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the Commissioner, $4,628,204,000, of which not to exceed $50,000,000 shall remain available until September 30, 2020, and of which not less than $60,257,000 shall be for the Interagency Crime and Drug Enforcement program: Provided, That of the funds provided under this paragraph, $4,628,204,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $204,643,000 for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.


Identification code 020–0913–0–1–999		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Investigations	611	596	593
0002	Exam and Collections	3,941	3,871	3,876
0003	Regulatory	144	155	156
0004	Program Integrity Cap Adjustment			205

0100	Subtotal, Direct program	4,696	4,622	4,830

0799	Total direct obligations	4,696	4,622	4,830
0801	Enforcement (Reimbursable)	34	34	34

0900	Total new obligations, unexpired accounts	4,730	4,656	4,864

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	48	28	32
1011	Unobligated balance transfer from other acct [020–5432]	10
1012	Unobligated balance transfers between expired and unexpired accounts	5
1033	Recoveries of prior year paid obligations	4	3	3

1050	Unobligated balance (total)	67	31	35
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	4,860	4,827	4,833
1120	Appropriations transferred to other accts [020–0912]	–90
1120	Appropriations transferred to other acct [020–0919]	–130	–220

1160	Appropriation, discretionary (total)	4,640	4,607	4,833
	Spending authority from offsetting collections, discretionary:
1700	Collected	24	26	27
1701	Change in uncollected payments, Federal sources	27	24	24

1750	Spending auth from offsetting collections, disc (total)	51	50	51
1900	Budget authority (total)	4,691	4,657	4,884
1930	Total budgetary resources available	4,758	4,688	4,919
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	28	32	55

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	299	322	319
3010	New obligations, unexpired accounts	4,730	4,656	4,864
3011	Obligations ("upward adjustments"), expired accounts	25
3020	Outlays (gross)	–4,716	–4,643	–4,842
3041	Recoveries of prior year unpaid obligations, expired	–16	–16	–16

3050	Unpaid obligations, end of year	322	319	325
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–26	–28	–52
3070	Change in uncollected pymts, Fed sources, unexpired	–27	–24	–24
3071	Change in uncollected pymts, Fed sources, expired	25

3090	Uncollected pymts, Fed sources, end of year	–28	–52	–76
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	273	294	267
3200	Obligated balance, end of year	294	267	249

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	4,691	4,657	4,884
	Outlays, gross:
4010	Outlays from new discretionary authority	4,399	4,389	4,601
4011	Outlays from discretionary balances	316	254	241

4020	Outlays, gross (total)	4,715	4,643	4,842
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–50	–54	–55
4033	Non-Federal sources	–22	–16	–16

4040	Offsets against gross budget authority and outlays (total)	–72	–70	–71
	Additional offsets against gross budget authority only:
4050	Change in uncollected pymts, Fed sources, unexpired	–27	–24	–24
4052	Offsetting collections credited to expired accounts	44	41	41
4053	Recoveries of prior year paid obligations, unexpired accounts	4	3	3

4060	Additional offsets against budget authority only (total)	21	20	20

4070	Budget authority, net (discretionary)	4,640	4,607	4,833
4080	Outlays, net (discretionary)	4,643	4,573	4,771
	Mandatory:
	Outlays, gross:
4101	Outlays from mandatory balances	1
4180	Budget authority, net (total)	4,640	4,607	4,833
4190	Outlays, net (total)	4,644	4,573	4,771

This appropriation primarily funds staffing 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. In addition to the base resources, the Budget proposes $205 million in a cap adjustment for additional tax enforcement and compliance activities.


Identification code 020–0913–0–1–999		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	3,087	3,008	3,126
11.3	Other than full-time permanent	30	31	31
11.5	Other personnel compensation	115	113	115
11.8	Special personal services payments	20	23	23

11.9	Total personnel compensation	3,252	3,175	3,295
12.1	Civilian personnel benefits	1,167	1,137	1,183
13.0	Benefits for former personnel	1	1	1
21.0	Travel and transportation of persons	58	61	82
22.0	Transportation of things	8	8	18
23.3	Communications, utilities, and miscellaneous charges	3	2	2
24.0	Printing and reproduction	2	2	2
25.1	Advisory and assistance services	85	98	110
25.2	Other services from non-Federal sources	33	38	41
25.3	Other goods and services from Federal sources	34	50	34
25.7	Operation and maintenance of equipment	2	3	9
26.0	Supplies and materials	22	24	26
31.0	Equipment	20	17	20
32.0	Land and structures	1
42.0	Insurance claims and indemnities	1	1	1
91.0	Unvouchered	7	4	4

99.0	Direct obligations	4,696	4,621	4,828
99.0	Reimbursable obligations	34	34	34
99.5	Adjustment for rounding		1	2

99.9	Total new obligations, unexpired accounts	4,730	4,656	4,864


Identification code 020–0913–0–1–999		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	36,552	34,662	36,158
1001	Direct civilian full-time equivalent employment	90
2001	Reimbursable civilian full-time equivalent employment	59	53	55
3001	Allocation account civilian full-time equivalent employment	1	1	1

For necessary expenses of the Internal Revenue Service to support taxpayer services and enforcement programs, including rent payments; facilities services; printing; postage; physical security; headquarters and other IRS-wide administration activities; research and statistics of income; telecommunications; information technology development, enhancement, operations, maintenance, and security; the hire of passenger motor vehicles (31 U.S.C. 1343(b)); 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; $4,155,796,000, of which not to exceed $250,000,000 shall remain available until September 30, 2020; 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, 2021, 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: Provided further, That of the funds provided under this paragraph, $4,155,796,000 is provided to meet the terms of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.

In addition, not less than $156,928,000 for tax activities under this heading, including tax compliance to address the Federal tax gap: Provided, That such amount is additional new budget authority for tax activities, including tax compliance to address the Federal tax gap, as specified for purposes of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.


Identification code 020–0919–0–1–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0002	Infrastructure	876	848	870
0003	Shared Services and Support	981	1,004	997
0004	Information Services	2,238	2,478	2,687
0005	Program Integrity Cap Adjustment			157

0100	Subtotal, direct programs	4,095	4,330	4,711

0799	Total direct obligations	4,095	4,330	4,711
0801	Operations Support (Reimbursable)	55	66	43

0900	Total new obligations, unexpired accounts	4,150	4,396	4,754

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	113	88	80
1011	Unobligated balance transfer from other acct [020–5432]	97	263	175
1012	Unobligated balance transfers between expired and unexpired accounts	20
1021	Recoveries of prior year unpaid obligations	12	11	11

1050	Unobligated balance (total)	242	362	266
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	3,719	3,694	4,313
1121	Appropriations transferred from other acct [020–0913]	130	220
1121	Appropriations transferred from other acct [020–5432]	93	134	222

1160	Appropriation, discretionary (total)	3,942	4,048	4,535
	Spending authority from offsetting collections, discretionary:
1700	Collected	55	66	43
1900	Budget authority (total)	3,997	4,114	4,578
1930	Total budgetary resources available	4,239	4,476	4,844
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	88	80	90

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	999	986	1,138
3010	New obligations, unexpired accounts	4,150	4,396	4,754
3011	Obligations ("upward adjustments"), expired accounts	17
3020	Outlays (gross)	–4,108	–4,172	–4,552
3040	Recoveries of prior year unpaid obligations, unexpired	–12	–11	–11
3041	Recoveries of prior year unpaid obligations, expired	–60	–61	–60

3050	Unpaid obligations, end of year	986	1,138	1,269
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–4
3071	Change in uncollected pymts, Fed sources, expired	4
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	995	986	1,138
3200	Obligated balance, end of year	986	1,138	1,269

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	3,997	4,114	4,578
	Outlays, gross:
4010	Outlays from new discretionary authority	3,121	3,287	3,621
4011	Outlays from discretionary balances	987	885	931

4020	Outlays, gross (total)	4,108	4,172	4,552
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Federal sources	–61	–67	–47
4033	Non-Federal sources	–11	–9	–6

4040	Offsets against gross budget authority and outlays (total)	–72	–76	–53
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	17	10	10

4060	Additional offsets against budget authority only (total)	17	10	10

4070	Budget authority, net (discretionary)	3,942	4,048	4,535
4080	Outlays, net (discretionary)	4,036	4,096	4,499
4180	Budget authority, net (total)	3,942	4,048	4,535
4190	Outlays, net (total)	4,036	4,096	4,499

This appropriation provides resources for overall planning, direction, operations, and critical infrastructure activities for the IRS. These activities include IT and cybersecurity that keep tax systems running and protect taxpayer data, the financial management activities that ensure effective stewardship of the nation's revenues, and the physical infrastructure and security that help IRS employees serve customers in office, campus, and Taxpayer Assistance Center sites. Telecommunications, human resource, and communications infrastructure are also critical components of this appropriation and are vital to maintaining adequate levels of customer service and the post-filing processes necessary for the tax system to function. In addition to the base resources, the Budget proposes $157 million in a cap adjustment to support additional tax enforcement and compliance activities.


Identification code 020–0919–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	1,089	1,153	1,191
11.3	Other than full-time permanent	6	8	8
11.5	Other personnel compensation	21	23	24

11.9	Total personnel compensation	1,116	1,184	1,223
12.1	Civilian personnel benefits	365	383	396
21.0	Travel and transportation of persons	13	18	20
22.0	Transportation of things	10	15	16
23.1	Rental payments to GSA	593	593	603
23.2	Rental payments to others	12	12	13
23.3	Communications, utilities, and miscellaneous charges	313	350	363
24.0	Printing and reproduction	18	19	19
25.1	Advisory and assistance services	875	946	1,116
25.2	Other services from non-Federal sources	51	43	47
25.3	Other goods and services from Federal sources	77	78	87
25.4	Operation and maintenance of facilities	186	181	189
25.6	Medical care	15	14	15
25.7	Operation and maintenance of equipment	58	73	79
26.0	Supplies and materials	8	9	10
31.0	Equipment	355	393	498
32.0	Land and structures	29	20	17
42.0	Insurance claims and indemnities	1	1	1

99.0	Direct obligations	4,095	4,332	4,712
99.0	Reimbursable obligations	55	66	43
99.5	Adjustment for rounding		–2	–1

99.9	Total new obligations, unexpired accounts	4,150	4,396	4,754


Identification code 020–0919–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	10,869	10,813	11,154
2001	Reimbursable civilian full-time equivalent employment	86	85	74

For necessary expenses of the Internal Revenue Service's business systems modernization program, $110,000,000, to remain available until September 30, 2021, 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Business Systems Modernization	315	278	258

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	186	190	238
1021	Recoveries of prior year unpaid obligations	4	4	4

1050	Unobligated balance (total)	190	194	242
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	290	288	110
1121	Appropriations transferred from other acct [020–5432]	25	34	34

1160	Appropriation, discretionary (total)	315	322	144
1930	Total budgetary resources available	505	516	386
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	190	238	128

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	208	99	95
3010	New obligations, unexpired accounts	315	278	258
3020	Outlays (gross)	–418	–276	–221
3040	Recoveries of prior year unpaid obligations, unexpired	–4	–4	–4
3041	Recoveries of prior year unpaid obligations, expired	–2	–2	–2

3050	Unpaid obligations, end of year	99	95	126
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	208	99	95
3200	Obligated balance, end of year	99	95	126

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	315	322	144
	Outlays, gross:
4010	Outlays from new discretionary authority	143	133	103
4011	Outlays from discretionary balances	275	143	118

4020	Outlays, gross (total)	418	276	221
4180	Budget authority, net (total)	315	322	144
4190	Outlays, net (total)	418	276	221

This appropriation provides resources for the planning and capital asset acquisition of information technology to modernize key tax administration systems. 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. This account provides funding to support: The Customer Account Data Engine (CADE2); the taxpayer's online experience and secure digital communications and capabilities; and fraud detection, resolution, and prevention through the Return Review Program.


Identification code 020–0921–0–1–803		2017 actual	2018 est.	2019 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	69	64	64
11.3	Other than full-time permanent	1
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	71	65	65
12.1	Civilian personnel benefits	21	19	19
25.1	Advisory and assistance services	219	189	169
31.0	Equipment	3	5	5

99.0	Direct obligations	314	278	258
99.5	Adjustment for rounding	1

99.9	Total new obligations, unexpired accounts	315	278	258


Identification code 020–0921–0–1–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment	557	516	516


Identification code 020–0935–0–1–806		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Build America Bond Payments, Recovery Act (Direct)	3,629	3,645	3,903

0900	Total new obligations (object class 41.0)	3,629	3,645	3,903

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,899	3,903	3,903
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–270	–258

1260	Appropriations, mandatory (total)	3,629	3,645	3,903
1930	Total budgetary resources available	3,629	3,645	3,903

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3,629	3,645	3,903
3020	Outlays (gross)	–3,629	–3,645	–3,903

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,629	3,645	3,903
	Outlays, gross:
4100	Outlays from new mandatory authority	3,629	3,645	3,903
4180	Budget authority, net (total)	3,629	3,645	3,903
4190	Outlays, net (total)	3,629	3,645	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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)	59,749	56,763	57,148

0900	Total new obligations (object class 41.0)	59,749	56,763	57,148

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	59,749	56,763	57,148
1930	Total budgetary resources available	59,749	56,763	57,148

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	59,749	56,763	57,148
3020	Outlays (gross)	–59,749	–56,763	–57,148

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	59,749	56,763	57,148
	Outlays, gross:
4100	Outlays from new mandatory authority	59,749	56,763	57,148
4180	Budget authority, net (total)	59,749	56,763	57,148
4190	Outlays, net (total)	59,749	56,763	57,148


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	59,749	56,763	57,148
	Outlays	59,749	56,763	57,148
Legislative proposal, subject to PAYGO:
	Budget Authority			–13
	Outlays			–13
Total:
	Budget Authority	59,749	56,763	57,135
	Outlays	59,749	56,763	57,135

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Earned Income Credit Exceeds Liability for Tax (Direct)			–13

0900	Total new obligations (object class 41.0)			–13

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–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 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)	19,408	18,995	34,729

0900	Total new obligations (object class 41.0)	19,408	18,995	34,729

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	19,408	18,995	34,729
1930	Total budgetary resources available	19,408	18,995	34,729

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	19,408	18,995	34,729
3020	Outlays (gross)	–19,408	–18,995	–34,729

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	19,408	18,995	34,729
	Outlays, gross:
4100	Outlays from new mandatory authority	19,408	18,995	34,729
4180	Budget authority, net (total)	19,408	18,995	34,729
4190	Outlays, net (total)	19,408	18,995	34,729


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	19,408	18,995	34,729
	Outlays	19,408	18,995	34,729
Legislative proposal, subject to PAYGO:
	Budget Authority			–1,178
	Outlays			–1,178
Total:
	Budget Authority	19,408	18,995	33,551
	Outlays	19,408	18,995	33,551

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. P.L. 115–97 increases the maximum child tax credit from $1,000 to $2,000 per qualifying child (up to $1,400 per qualifying child for the refundable credit) for tax years 2018–2025. P.L. 115–97 also lowers the earned income threshold for the refundable portion of the credit from $3,000 to $2,500 and provides that, in order to receive the child tax credit (both the refundable and non-refundable portion), a taxpayer must include a Social Security number for each qualifying child for whom the credit is claimed on the tax return. P.L. 115–97 also raised the adjusted gross income thresholds at which the child tax credit begins to phase-out to $400,000 for married taxpayers filing jointly and $200,000 for all other taxpayers. P.L. 115–97 also includes a new non-refundable credit of $500 for dependents that do not qualify for the child tax credit for tax years 2018–2025.


Identification code 020–0922–4–1–609		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Child Tax Credit Exceeds Liability for Tax (Direct)			–1,178

0900	Total new obligations (object class 41.0)			–1,178

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–1,178
1930	Total budgetary resources available			–1,178

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–1,178
3020	Outlays (gross)			1,178

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–1,178
	Outlays, gross:
4100	Outlays from new mandatory authority			–1,178
4180	Budget authority, net (total)			–1,178
4190	Outlays, net (total)			–1,178


Identification code 020–0923–0–1–551		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Health Coverage Tax Credit Exceeds Liability for T (Direct)	25	29	31

0900	Total new obligations (object class 41.0)	25	29	31

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	25	29	31
1930	Total budgetary resources available	25	29	31

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	25	29	31
3020	Outlays (gross)	–25	–29	–31

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	25	29	31
	Outlays, gross:
4100	Outlays from new mandatory authority	25	29	31
4180	Budget authority, net (total)	25	29	31
4190	Outlays, net (total)	25	29	31

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Small Business Health Insurance Tax Credit Exceeds (Direct)	6	18	16
0002	State Innovation Waivers		1	1

0900	Total new obligations (object class 41.0)	6	19	17

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	7	20	17
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–1	–1

1260	Appropriations, mandatory (total)	6	19	17
1930	Total budgetary resources available	6	19	17

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	6	19	17
3020	Outlays (gross)	–6	–19	–17

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	6	19	17
	Outlays, gross:
4100	Outlays from new mandatory authority	6	19	17
4180	Budget authority, net (total)	6	19	17
4190	Outlays, net (total)	6	19	17

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.

Estimates include state innovation waiver pass-through payments in lieu of the Small Business Health Insurance Tax Credit to qualifying states under section 1332(a)(3) of the PPACA.


Identification code 020–0931–0–1–376		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where Certain Tax Credits Exceed Liability for Corporate (Direct)	626	594	520

0900	Total new obligations (object class 41.0)	626	594	520

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	673	636	520
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–47	–42

1260	Appropriations, mandatory (total)	626	594	520
1930	Total budgetary resources available	626	594	520

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	626	594	520
3020	Outlays (gross)	–626	–594	–520

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	626	594	520
	Outlays, gross:
4100	Outlays from new mandatory authority	626	594	520
4180	Budget authority, net (total)	626	594	520
4190	Outlays, net (total)	626	594	520

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.

P.L. 115–97 repealed the corporate alternative minimum tax. To conform to this repeal, the election to accelerate AMT credits in lieu of taking bonus depreciation is repealed, effective for property placed in service after September 27, 2017.


Identification code 020–0932–0–1–502		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment Where American Opportunity Credit Exceeds Liability for (Direct)	3,469	3,859	4,028

0900	Total new obligations (object class 41.0)	3,469	3,859	4,028

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	3,469	3,859	4,028
1930	Total budgetary resources available	3,469	3,859	4,028

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	3,469	3,859	4,028
3020	Outlays (gross)	–3,469	–3,859	–4,028

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3,469	3,859	4,028
	Outlays, gross:
4100	Outlays from new mandatory authority	3,469	3,859	4,028
4180	Budget authority, net (total)	3,469	3,859	4,028
4190	Outlays, net (total)	3,469	3,859	4,028


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	3,469	3,859	4,028
	Outlays	3,469	3,859	4,028
Legislative proposal, subject to PAYGO:
	Budget Authority			–35
	Outlays			–35
Total:
	Budget Authority	3,469	3,859	3,993
	Outlays	3,469	3,859	3,993

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		2017 actual	2018 est.	2019 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–35
1930	Total budgetary resources available			–35
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			–35

	Change in obligated balance:
	Unpaid obligations:
3020	Outlays (gross)			35

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

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–35
	Outlays, gross:
4100	Outlays from new mandatory authority			–35
4180	Budget authority, net (total)			–35
4190	Outlays, net (total)			–35

The Budget includes a proposal to provide the IRS with expanded authority to correct certain errors on tax returns.


Identification code 020–0948–0–1–272		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Energy Conservation Bonds (Direct)	39	36	39

0900	Total new obligations (object class 41.0)	39	36	39

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	42	39	39
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	39	36	39
1930	Total budgetary resources available	39	36	39

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	39	36	39
3020	Outlays (gross)	–39	–36	–39

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	39	36	39
	Outlays, gross:
4100	Outlays from new mandatory authority	39	36	39
4180	Budget authority, net (total)	39	36	39
4190	Outlays, net (total)	39	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 million to $3.2 billion.

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment to Issuer of New Clean Renewable Energy Bonds (Direct)	40	37	40

0900	Total new obligations (object class 41.0)	40	37	40

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	43	40	40
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–3	–3

1260	Appropriations, mandatory (total)	40	37	40
1930	Total budgetary resources available	40	37	40

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	40	37	40
3020	Outlays (gross)	–40	–37	–40

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	40	37	40
	Outlays, gross:
4100	Outlays from new mandatory authority	40	37	40
4180	Budget authority, net (total)	40	37	40
4190	Outlays, net (total)	40	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 $2.4 billion.

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified School Construction Bonds (Direct)	673	743	795

0900	Total new obligations (object class 41.0)	673	743	795

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	723	795	795
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–50	–52

1260	Appropriations, mandatory (total)	673	743	795
1930	Total budgetary resources available	673	743	795

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	673	743	795
3020	Outlays (gross)	–673	–743	–795

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	673	743	795
	Outlays, gross:
4100	Outlays from new mandatory authority	673	743	795
4180	Budget authority, net (total)	673	743	795
4190	Outlays, net (total)	673	743	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 billion 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Payment to Issuer of Qualified Zone Academy Bonds (Direct)	52	58	62

0900	Total new obligations (object class 41.0)	52	58	62

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	56	62	62
1230	Appropriations and/or unobligated balance of appropriations permanently reduced	–4	–4

1260	Appropriations, mandatory (total)	52	58	62
1930	Total budgetary resources available	52	58	62

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	52	58	62
3020	Outlays (gross)	–52	–58	–62

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	52	58	62
	Outlays, gross:
4100	Outlays from new mandatory authority	52	58	62
4180	Budget authority, net (total)	52	58	62
4190	Outlays, net (total)	52	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 $1.4 billion 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 million. The American Taxpayer Relief Act of 2012 (P.L. 112–240), section 310, extended the calendar year limitation of $400 million 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 million 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 million 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.


Identification code 020–0904–0–1–908		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Refunding Internal Revenue Collections, Interest (Direct)	1,148	1,267	1,483

0900	Total new obligations (object class 43.0)	1,148	1,267	1,483

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1,148	1,267	1,483
1930	Total budgetary resources available	1,148	1,267	1,483

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	1,148	1,267	1,483
3020	Outlays (gross)	–1,148	–1,267	–1,483

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,148	1,267	1,483
	Outlays, gross:
4100	Outlays from new mandatory authority	1,148	1,267	1,483
4180	Budget authority, net (total)	1,148	1,267	1,483
4190	Outlays, net (total)	1,148	1,267	1,483

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Premium assistance tax credit	35,029	36,620	35,786
0002	Advanced cost sharing reductions	6,270
0003	Basic Health Program	4,330	3,110	3,300
0004	State Innovation Waivers		179	285

0900	Total new obligations (object class 41.0)	45,629	39,909	39,371

	Budgetary resources:
	Unobligated balance:
1029	Other balances withdrawn to Treasury	–6,484
1033	Recoveries of prior year paid obligations	6,484
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	45,629	39,909	39,371
1900	Budget authority (total)	45,629	39,909	39,371
1930	Total budgetary resources available	45,629	39,909	39,371

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1		1	1
3010	New obligations, unexpired accounts	45,629	39,909	39,371
3020	Outlays (gross)	–45,628	–39,909	–39,371

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	45,629	39,909	39,371
	Outlays, gross:
4100	Outlays from new mandatory authority	45,628	39,909	39,371
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–6,484
	Additional offsets against gross budget authority only:
4143	Recoveries of prior year paid obligations, unexpired accounts	6,484

4160	Budget authority, net (mandatory)	45,629	39,909	39,371
4170	Outlays, net (mandatory)	39,144	39,909	39,371
4180	Budget authority, net (total)	45,629	39,909	39,371
4190	Outlays, net (total)	39,144	39,909	39,371


		2017 actual	2018 est.	2019 est.

Enacted/requested:
	Budget Authority	45,629	39,909	39,371
	Outlays	39,144	39,909	39,371
Legislative proposal, subject to PAYGO:
	Budget Authority			–2,818
	Outlays			–2,818
Total:
	Budget Authority	45,629	39,909	36,553
	Outlays	39,144	39,909	36,553

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.

Estimates include state innovation waiver pass-through payments in lieu of the Premium Tax Credit to qualifying states under section 1332(a)(3) of the PPACA, as well as payments to states under the Basic Health Program established under section 1331 of PPACA.


Identification code 020–0949–4–1–551		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Premium assistance tax credit			–2,818

0900	Total new obligations (object class 41.0)			–2,818

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–2,818
1900	Budget authority (total)			–2,818
1930	Total budgetary resources available			–2,818

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–2,818
3020	Outlays (gross)			2,818

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–2,818
	Outlays, gross:
4100	Outlays from new mandatory authority			–2,818
4180	Budget authority, net (total)			–2,818
4190	Outlays, net (total)			–2,818


Identification code 020–5432–0–2–803		2017 actual	2018 est.	2019 est.

0100	Balance, start of year	2	2
	Receipts:
	Current law:
1110	Enrolled Agent Fee Increase, IRS Miscellaneous Retained Fees	7	7	8
1110	Tax Preparer Registration Fees, IRS Miscellaneous Retained Fees	24
1130	New Installment Agreements, IRS Miscellaneous Retained Fees	176	204	194
1130	Restructured Installment Agreements, IRS Miscellaneous Retained Fees	57	73	68
1130	General User Fees, IRS Miscellaneous Retained Fees	125	125	140
1130	Photocopying and Historical Conservation Easement Fees, IRS Miscellaneous Retained Fees	4	4	4

1199	Total current law receipts	393	413	414

1999	Total receipts	393	413	414

2000	Total: Balances and receipts	395	415	414
	Appropriations:
	Current law:
2101	IRS Miscellaneous Retained Fees	–393	–413	–414
2103	IRS Miscellaneous Retained Fees	–2	–2
2132	IRS Miscellaneous Retained Fees	2

2199	Total current law appropriations	–393	–415	–414

2999	Total appropriations	–393	–415	–414

5099	Balance, end of year	2


Identification code 020–5432–0–2–803		2017 actual	2018 est.	2019 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	245	406	319
1010	Unobligated balance transfer to other accts [020–0919]	–97	–263	–175
1010	Unobligated balance transfer to other accts [020–0913]	–10
1010	Unobligated balance transfer to other accts [020–0912]		–64	–64

1050	Unobligated balance (total)	138	79	80
	Budget authority:
	Appropriations, discretionary:
1120	Appropriations transferred to other accts [020–0919]	–93	–134	–222
1120	Appropriations transferred to other accts [020–0921]	–25	–34	–34
1120	Appropriations transferred to other accts [020–0912]	–4	–4	–4

1160	Appropriation, discretionary (total)	–122	–172	–260
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	393	413	414
1203	Appropriation (previously unavailable)	2	2
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced	–2

1260	Appropriations, mandatory (total)	393	415	414
1900	Budget authority (total)	271	243	154
1930	Total budgetary resources available	409	322	234
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	406	319	231

	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	–122	–172	–260
	Mandatory:
4090	Budget authority, gross	393	415	414
	Outlays, gross:
4101	Outlays from mandatory balances	3	3	3
4180	Budget authority, net (total)	271	243	154
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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year
	Receipts:
	Current law:
1130	Gifts to the United States for Reduction of the Public Debt	3	3	3

2000	Total: Balances and receipts	3	3	3
	Appropriations:
	Current law:
2101	Gifts to the United States for Reduction of the Public Debt	–3	–3	–3

5099	Balance, end of year


Identification code 020–5080–0–2–808		2017 actual	2018 est.	2019 est.

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	3	3	3
1236	Appropriations applied to repay debt	–3	–3	–3
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		2017 actual	2018 est.	2019 est.

0100	Balance, start of year			2
	Receipts:
	Current law:
1110	Private Collection Agent Program	3	29	30

2000	Total: Balances and receipts	3	29	32
	Appropriations:
	Current law:
2101	Private Collection Agent Program	–3	–29	–30
2103	Private Collection Agent Program			–2
2132	Private Collection Agent Program		2

2199	Total current law appropriations	–3	–27	–32

2999	Total appropriations	–3	–27	–32

5099	Balance, end of year		2


Identification code 020–5510–0–2–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Direct program activity (Collection Activities)	1
0002	Payments to Private Collection Agencies	1	14	15
0003	Special Compliance Personnel Program		4	14

0900	Total new obligations, unexpired accounts	2	18	29

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	2	11
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	3	29	30
1203	Appropriation (previously unavailable)			2
1232	Appropriations and/or unobligated balance of appropriations temporarily reduced		–2

1260	Appropriations, mandatory (total)	3	27	32
1930	Total budgetary resources available	4	29	43
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	2	11	14

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	6	1	4
3010	New obligations, unexpired accounts	2	18	29
3020	Outlays (gross)	–7	–15	–31

3050	Unpaid obligations, end of year	1	4	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	6	1	4
3200	Obligated balance, end of year	1	4	2

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	3	27	32
	Outlays, gross:
4100	Outlays from new mandatory authority	1	13	17
4101	Outlays from mandatory balances	6	2	14

4110	Outlays, gross (total)	7	15	31
4180	Budget authority, net (total)	3	27	32
4190	Outlays, net (total)	7	15	31

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 one-third 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		2017 actual	2018 est.	2019 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent		1	8
12.1	Civilian personnel benefits			3
25.1	Advisory and assistance services	2	16	18

99.0	Direct obligations	2	17	29
99.5	Below Reporting Threshold		1

99.9	Total new obligations, unexpired accounts	2	18	29


Identification code 020–5510–0–2–803		2017 actual	2018 est.	2019 est.

1001	Direct civilian full-time equivalent employment		10	110


Identification code 020–5433–0–2–803		2017 actual	2018 est.	2019 est.

0100	Balance, start of year
	Receipts:
	Current law:
1140	Underpayment and Fraud Collection	22	34	32

2000	Total: Balances and receipts	22	34	32
	Appropriations:
	Current law:
2101	Informant Payments	–22	–34	–32

5099	Balance, end of year


Identification code 020–5433–0–2–803		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Informant Payments	22	32	32

0900	Total new obligations (object class 91.0)	22	32	32

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1201	Appropriation (special or trust fund)	22	34	32
1230	Appropriations and/or unobligated balance of appropriations permanently reduced		–2

1260	Appropriations, mandatory (total)	22	32	32
1930	Total budgetary resources available	22	32	32

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	22	32	32
3020	Outlays (gross)	–22	–32	–32

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	22	32	32
	Outlays, gross:
4100	Outlays from new mandatory authority	22	32	32
4180	Budget authority, net (total)	22	32	32
4190	Outlays, net (total)	22	32	32

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		2017 actual	2018 est.	2019 est.

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	8	8
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1
1930	Total budgetary resources available	8	8	8
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	8	8	8

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–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 2019 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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0881	Bank Supervision	1,110	1,356	1,256

	Budgetary resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1,400	1,510	1,395
1021	Recoveries of prior year unpaid obligations	4

1050	Unobligated balance (total)	1,404	1,510	1,395
	Budget authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,216	1,241	1,279
1930	Total budgetary resources available	2,620	2,751	2,674
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1,510	1,395	1,418

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	267	282	289
3010	New obligations, unexpired accounts	1,110	1,356	1,256
3020	Outlays (gross)	–1,091	–1,349	–1,279
3040	Recoveries of prior year unpaid obligations, unexpired	–4

3050	Unpaid obligations, end of year	282	289	266
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–7	–7	–7

3090	Uncollected pymts, Fed sources, end of year	–7	–7	–7
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	260	275	282
3200	Obligated balance, end of year	275	282	259

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1,216	1,241	1,279
	Outlays, gross:
4100	Outlays from new mandatory authority	970	1,074	997
4101	Outlays from mandatory balances	121	275	282

4110	Outlays, gross (total)	1,091	1,349	1,279
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4120	Federal sources	–17	–23	–23
4121	Interest on Federal securities	–20	–23	–23
4123	Non-Federal sources	–1,179	–1,195	–1,233

4130	Offsets against gross budget authority and outlays (total)	–1,216	–1,241	–1,279
4170	Outlays, net (mandatory)	–125	108
4180	Budget authority, net (total)
4190	Outlays, net (total)	–125	108

	Memorandum (non-add) entries:
5000	Total investments, SOY: Federal securities: Par value	1,656	1,791	1,683
5001	Total investments, EOY: Federal securities: Par value	1,791	1,683	1,683

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. Income of the 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 Federal savings associations. The prior regulator, the Office of Thrift Supervision, was integrated into OCC at this time.

As of September 30, 2017, the OCC supervised 944 national bank charters, 50 Federal branches of foreign banks, and 353 Federal savings associations. In total, the OCC supervises approximately 12.1 trillion in financial institution assets.

At September 30, 2017, the net position of the OCC was $1.39 billion. Of this amount, the OCC set aside $179.7 million for ongoing operations. Since early 2017, the OCC has also maintained a contingency of $100 million within its net position to act as receiver of those national trust banks which are not FDIC-insured.


Identification code 020–8413–0–8–373		2017 actual	2018 est.	2019 est.

	Reimbursable obligations:
	Personnel compensation:
11.1	Full-time permanent	538	577	607
11.3	Other than full-time permanent	8	7	7
11.5	Other personnel compensation	3	4	4

11.9	Total personnel compensation	549	588	618
12.1	Civilian personnel benefits	239	434	302
21.0	Travel and transportation of persons	56	61	62
22.0	Transportation of things	3	3	2
23.2	Rental payments to others	67	69	67
23.3	Communications, utilities, and miscellaneous charges	18	18	19
24.0	Printing and reproduction	1	1	1
25.1	Advisory and assistance services	35	31	32
25.2	Other services from non-Federal sources	26	30	28
25.3	Other goods and services from Federal sources	10	10	10
25.4	Operation and maintenance of facilities	6	7	8
25.7	Operation and maintenance of equipment	68	73	75
26.0	Supplies and materials	7	8	8
31.0	Equipment	25	23	24

99.0	Reimbursable obligations	1,110	1,356	1,256

99.9	Total new obligations, unexpired accounts	1,110	1,356	1,256


Identification code 020–8413–0–8–373		2017 actual	2018 est.	2019 est.

2001	Reimbursable civilian full-time equivalent employment	3,908	3,945	3,987

Federal Funds


Identification code 020–0550–0–1–901		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities	456,955	504,213	559,437

0900	Total new obligations (object class 43.0)	456,955	504,213	559,437

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	456,955	504,213	559,437
1930	Total budgetary resources available	456,955	504,213	559,437

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts	456,955	504,213	559,437
3020	Outlays (gross)	–456,955	–504,213	–559,437

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	456,955	504,213	559,437
	Outlays, gross:
4100	Outlays from new mandatory authority	456,955	504,213	559,437
4180	Budget authority, net (total)	456,955	504,213	559,437
4190	Outlays, net (total)	456,955	504,213	559,437

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		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities		67	270

0900	Total new obligations (object class 43.0)		67	270

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation		67	270
1930	Total budgetary resources available		67	270

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts		67	270
3020	Outlays (gross)		–67	–270

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross		67	270
	Outlays, gross:
4100	Outlays from new mandatory authority		67	270
4180	Budget authority, net (total)		67	270
4190	Outlays, net (total)		67	270


Identification code 020–0550–4–1–901		2017 actual	2018 est.	2019 est.

	Obligations by program activity:
0001	Interest on Treasury Debt Securities			–695

0900	Total new obligations (object class 43.0)			–695

	Budgetary resources:
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation			–695
1930	Total budgetary resources available			–695

	Change in obligated balance:
	Unpaid obligations:
3010	New obligations, unexpired accounts			–695
3020	Outlays (gross)			695

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross			–695
	Outlays, gross:
4100	Outlays from new mandatory authority			–695
4180	Budget authority, net (total)			–695
4190	Outlays, net (total)			–695

(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 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".


		2017 actual	2018 est.	2019 est.

Governmental receipts:
010–086400	Filing Fees, P.L. 109–171, Title X	54	54	54
020–015800	Transportation Fuels Tax	–3,400	–947	–998
020–065000	Deposit of Earnings, Federal Reserve System	81,287	72,097	55,102
020–065000	Deposit of Earnings, Federal Reserve System: Legislative proposal, subject to PAYGO			159
020–085000	Registration, Filing, and Transaction Fees	4	4	4
345–086900	Fees for Legal and Judicial Services, not Otherwise Classified	46	46	46
096–089100	Miscellaneous Fees for Regulatory and Judicial Services, not Otherwise Classified	520	484	484
020–101000	Fines, Penalties, and Forfeitures, Agricultural Laws	4	4	4
020–102000	Fines, Penalties, and Forfeitures, Economic Stabilization Laws	251	4	4
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws	167	165	165
021–103000	Fines, Penalties, and Forfeitures, Immigration and Labor Laws: Legislative proposal, subject to PAYGO			13
034–104000	Fines, Penalties, and Forfeitures, Customs, Commerce, and Antitrust Laws	6,117	6,117	6,117
020–105000	Fines, Penalties, and Forfeitures, Narcotic Prohibition and Alcohol Laws	38	27	27
096–106000	Forfeitures of Unclaimed Money and Property	11	17	17
010–108000	Fines, Penalties, and Forfeitures, Federal Coal Mine Health and Safety Laws	47	60	60
020–109600	Penalties on Employers Who Do not Offer Health Coverage or Delay Eligibility for New Employees		2,612	8,681
020–109700	Penalties on Individuals Who Do not Have Health Coverage		4,112	1,347
020–241100	User Fees for IRS	19	9	6
020–249200	Premiums, Terrorism Risk Insurance Program			64
020–309400	Recovery from Airport and Airway Trust Fund for Refunds of Taxes	15	19	19
020–309500	Recovery from Leaking Underground Storage Tank Trust Fund for Refunds of Taxes, EPA		6	6
020–309990	Refunds of Moneys Erroneously Received and Recovered (20X1807)	–50	–50	–50
075–086600	Transitional Reinsurance Contributions to the General Fund	400	277
050–085015	Registration, Filing, and Transaction Fees, SEC	495	617	657
220–109900	Fines, Penalties, and Forfeitures, not Otherwise Classified	5,112	4,554	4,557
901–011050	Individual Income Taxes	1,587,090	1,659,984	1,686,962
901–011050	Individual Income Taxes: Legislative proposal, not subject to PAYGO			–14
901–011050	Individual Income Taxes: Legislative proposal, subject to PAYGO			739
999–011100	Corporation Income and Excess Profits Taxes	297,048	217,648	225,295
999–011100	Corporation Income and Excess Profits Taxes: Legislative proposal, not subject to PAYGO			–3
999–011100	Corporation Income and Excess Profits Taxes: Legislative proposal, subject to PAYGO			62
901–015250	Other Federal Fund Excise Taxes	–944	1,774	1,855
999–015300	Estate and Gift Taxes	22,768	24,650	16,824
901–015500	Tobacco Excise Tax	13,804	13,669	13,534
901–015600	Alcohol Excise Tax	9,924	10,208	10,377
901–015700	Telephone Excise Tax	558	510	463
901–015913	Fee on Health Insurance Providers	68	14,281	15,026
901–015914	Tax on Indoor Tanning Services	70	68	67
901–015915	Excise Tax on Medical Device Manufacturers	–202	1,572	2,309
901–031050	Other Federal Fund Customs Duties	22,619	27,923	31,334
General Fund Governmental receipts		2,043,940	2,062,575	2,081,375


Offsetting receipts from the public:
020–129900	Gifts to the United States, not Otherwise Classified	10	10	10
020–143500	General Fund Proprietary Interest Receipts, not Otherwise Classified	3	3	3
020–145000	Interest Payments from States, Cash Management Improvement	4	1	1
020–146310	Interest on Quota in International Monetary Fund	26	26	26
020–146320	Interest on Loans to International Monetary Fund	26	26	26
020–149900	Interest Received from Credit Financing Accounts	41,630	48,955	51,126
020–168200	Gain by Exchange on Foreign Currency Denominated Public Debt Securities	34
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401	3,224	3,550	3,822
020–248500	GSE Fees Pursuant to P.L. 112–78 Sec. 401: Legislative proposal, subject to PAYGO			212
020–267710	Community Development Financial Institutions Fund, Negative Subsidies	4
020–276330	Community Development Financial Institutions Fund, Downward Re-estimate of Subsidies	9	7
020–278430	Small Business Lending Fund Direct Loans, Downward Reestimates of Subsidies	25
020–279030	GSE Mortgage-backed Securities Direct Loans, Downward Reestimates of Subsidies	38	98
020–279230	Troubled Asset Relief Program, Downward Reestimates of Subsidies	90	15
020–289400	Proceeds, GSE Equity Related Transactions	25,349	6,147	18,297
020–289400	Proceeds, GSE Equity Related Transactions: Legislative proposal, not subject to PAYGO			439
020–322000	All Other General Fund Proprietary Receipts	392	713	713
020–387500	Budget Clearing Account (suspense)	42
086–289100	Proceeds, Grants for Emergency Mortgage Relief Derived from Emergency Homeowners' Relief Fund	1
General Fund Offsetting receipts from the public		70,907	59,551	74,675


Intragovernmental payments:
089–142400	Interest on Investment, Colorado River Projects		4	4
020–133800	Interest on Loans to the Presidio	3	2	2
020–135100	Interest on Loans to BPA	946	233	245
020–136000	Interest on Loans to Western Area Power Administration	2	3	3
020–136300	Interest on Loans for College Housing and Academic Facilities Loans, Education	2	2	2
020–140100	Interest on Loans to Commodity Credit Corporation	79	152	177
020–141300	Interest on Loans to Temporary Corporate Credit Union Stabilization Fund, NCUA	1
020–141500	Interest on Loans to Federal Deposit Insurance Corporation		9	44
020–141800	Interest on Loans to Federal Financing Bank	1,283	1,407	1,557
020–143300	Interest on Loans to National Flood Insurance Fund, DHS	394	389	430
020–149500	Interest Payments on Repayable Advances to the Black Lung Disability Trust Fund	153	188	92
020–149700	Payment of Interest on Advances to the Railroad Retirement Board	99	104	118
020–150110	Interest on Loans or Advances to the Extended Unemployment Compensation Account	154	30
020–241600	Charges for Administrative Expenses of Social Security Act As Amended	696	678	690
020–310100	Recoveries from Federal Agencies for Settlement of Claims for Contract Disputes	61	83	83
020–311200	Reimbursement from Federal Agencies for Payments Made As a Result of Discriminatory Conduct	40	13	13
020–320000	Receivables from Cancelled Accounts	1	1	1
020–388500	Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts	–197
073–142800	Interest on Advances to Small Business Administration		1

General Fund Intragovernmental payments		3,717	3,299	3,461

(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.

(a) in subsection (a)(2) of section 2107, strike "the head of such agency has certified in writing to the Archivist" and substitute "the Archivist determines, after consulting with the head of such agency,";

(b) in subsection (d) of section 2904, strike the first instance of "digital or electronic";

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

Claims, Judgments, and Relief Acts

(Legislative proposal, subject to PAYGO)

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