[Federal Register Volume 62, Number 180 (Wednesday, September 17, 1997)]
[Notices]
[Pages 48905-48909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24749]


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OFFICE OF MANAGEMENT AND BUDGET


Cumulative Report on Rescissions and Deferrals

September 1, 1997.
    This report is submitted in fulfillment of the requirement of 
Section 1014(e) of the Congressional Budget and Impoundment Control Act 
of 1974 (Public Law 93-344). Section 1014(e) requires a monthly report 
listing all budget authority for the current fiscal year for which, as 
of the first day of the month, a special message had been transmitted 
to Congress.
    This report gives the status, as of September 1, 1997, of ten 
rescission proposals and seven deferrals contained in three special 
messages for FY 1997. These messages were transmitted to Congress on 
December 4, 1996, and on February 10 and March 19, 1997.

Rescissions (Attachments A and C)

    As of September 1, 1997, ten rescission proposals totaling $407 
million had been transmitted to the Congress. Congress approved six of 
the Administration's rescission proposals, totaling $285 million, in 
P.L. 105-18. Attachment C shows the status of the FY 1997 rescission 
proposals.

Deferrals (Attachments B and D)

    As of August 1, 1997, $882 million in budget authority was being 
deferred from obligation. Attachment D shows the status of each 
deferral reported during FY 1997.

Information From Special Messages

    The special messages containing information on the rescission 
proposals and deferrals that are covered by this

[[Page 48906]]

cumulative report is printed in the editions of the Federal Register 
cited below:

61 FR 66172, Monday, December 16, 1996
62 FR 8045, Friday, February 21, 1997
62 FR 14478, Wednesday, March 26, 1997
Franklin D. Raines,
Director.

               Attachment A--Status of FY 1997 Rescissions              
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                              Budgetary 
                                                              resources 
------------------------------------------------------------------------
Rescissions proposed by the President......................        407.1
Rejected by the Congress...................................       -122.0
Amounts rescinded by P.L. 105-18...........................       -285.1
                                                            ------------
Currently before the Congress..............................  ...........
------------------------------------------------------------------------


                Attachment B--Status of FY 1997 Deferrals               
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                              Budgetary 
                                                              resources 
------------------------------------------------------------------------
Deferrals proposed by the President........................      3,544.3
Routine Executive releases through September 1997 (OMB/                 
 Agency releases of $2,662.8 million.).....................     -2,662.8
Overturned by the Congress.................................  ...........
                                                            ------------
Currently before the Congress..............................        881.5
------------------------------------------------------------------------


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[FR Doc. 97-24749 Filed 9-16-97; 8:45 am]
BILLING CODE 3110-01-C