Monthly Treasury statement of receipts and outlays of the United States government for period from ..

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Material Information

Title:
Monthly Treasury statement of receipts and outlays of the United States government for period from ..
Sept. issue of each year has title:
Final monthly Treasury statement of receipts and outlays of the United States government
Portion of title:
Monthly Treasury statement
Final monthly Treasury statement
Abbreviated Title:
Mon. Treas. statement receipts outlays U.S. gov.
Physical Description:
v. : ; 28 cm.
Language:
English
Creator:
United States -- Dept. of the Treasury
United States -- Dept. of the Treasury. -- Financial Management Service
Publisher:
Dept. of the Treasury
Place of Publication:
Washington, D.C.?
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Finance, Public -- Accounting -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Additional Physical Form:
Vol. for June 30, 1994 distributed to depository libraries in microfiche.
Additional Physical Form:
Available via Internet from the Financial Management Service web site. Address of current issue as of 5/20/04: http://www.fms.treas.gov/mts/index.html; address of back issues as of 5/20/04: http://www.fms.treas.gov/mts/backissues.html. Current access is available via PURL.
Dates or Sequential Designation:
Began with July/Nov. 1974; ceased with June 2008.
Issuing Body:
Vols. for <Oct. 1979>-Apr. 1986 issued by U.S. Dept. of Treasury; May 1986-<Mar. 1996>, <Jan. 1998-> by U.S. Dept. of Treasury, Financial Management Service.
General Note:
Title varies slightly.
General Note:
Effective July 2008, paper copies will only be available only upon request.
General Note:
Description based on: Oct. 1, 1979 through Feb. 29, 1980; title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 02520295
lccn - 97656143
issn - 0364-1007
ocm02520295
Classification:
lcc - HJ10.2 .M66
ddc - 336.73/05
System ID:
AA00010653:00063

Related Items

Preceded by:
Monthly statement of receipts and outlays of the United States government
Succeeded by:
Monthly Treasury statement of receipts and outlays of the United States government (Online)

Full Text




Sha~


Monthly Treasury Statement

of Receipts and Outlays of

the United States Governmen


N,~~ e iartment of the Treasury
SFinancial Management Service


Ii
: Summary i
page 2





Receipts
Outlays


Receipts -
page 6


Federal
Trust Funds


Outlays -
page 7


Receipts
by Source


by Month Securities Outlays by
page 26 page 28 Function-
Spage 29
. i .. I ,. ..._ -


Deficit
Financing-
page 20





Explanatory
Notes -
page 30


* .


For Fiscal Year 1987
Through December 31, 1987,
.and Other Periods


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Introduction


The Monthly Treasury Statement of Receipts and Outlays of the United States
Government (MTS) is prepared by the Department of the Treasury, Financial Manage-
ment Service, and after approval by the Fiscal Assistant Secretary of the Treasury,
is normally released on the 15th workday of the month following the reporting month.
The publication is based on data provided by Federal entities, disbursing officers,
and Federal Reserve banks.

Audience
The MTS is published to meet the needs of: Those responsible for or interested
in the cash position of the Treasury; Those who are responsible for or interested
in the Government's budget results; and individuals and businesses whose opera-
tions depend upon or are related to the Government's financial operations.


Disclosure Statement
This statement summarizes the financial activities of the Federal Government
and off-budget Federal entities conducted in accordance with the Budget of the U.S.
Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means
of financing the deficit or disposing of the surplus. Information is presented on a
modified cash basis: receipts are accounted for on the basis of collections; outlays


of receipts are treated as deductions from gross receipts; revolving and manage-
ment fund receipts, reimbursements and refunds of monies previously expended
are treated as deductions from gross outlays; and interest on the public debt (public
issues) is recognized on the accrual basis. Major information sources include ac-
counting data reported by Federal entities, disbursing officers, and Federal Reserve
banks.

Triad of Publications
The MTS is part of a triad of Treasury financial reports. The Daily Treasury State-
ment is published each working day of the Federal Government. It provides data
on the cash and debt operations of the Treasury based upon reporting of the
Treasury account balances by Federal Reserve banks. The MTS is a report of
Government receipts and outlays, based on agency reporting. The U.S. Govern-
ment Annual Report is the official publication of the detailed receipts and outlays
of the Government. It is published annually in accordance with legislative mandates
given to the Secretary of the Treasury.

Data Sources and Information
The Explanatory Notes section of this publication provides information concern-
ing the flow of data into the MTS and sources of information relevant to the MTS.


Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988,
by Month (in millions)

Period Receipts Outlays DeficitSurplus(


FY 1987
October ........ ............. $59,012 $84,302 $25,290
November .................. 52,967 80,054 27,087
December .................... 78,035 90,250 12,215
January .... 81,771 83,928 2,157
February .. ..... 55,463 83,842 28,979
March 56,515 84,547 28,032
April ......... 122,897 84,078 -38,819
May .... ..............47,691 83,149 35,459
June ............. 82,945 83,439 494
July ................... 64,223 86,431 22.208
August ..... ..... 60,213 81,940 21,727
September .... 92,410 77,140 -15.270

Year-to-Date .................... 8 854,143 11,002,147 1148,005




FY 1988
October.......... 62,354 93,095 30,741
November ......... .. 56,987 82,756 25,769
December ............... .... 85,525 109,401 23,876

Year-to-date ........................ $204,866 $285,252 $80,386





'Includes prior month adjustment of $954 million of interest from Unemployment Trust Fund
Note: Details may not add to totals due to rounding
Source Financial Management Service, Department of the Treasury.






Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, December 1987 and
Other Periods (in millions)


Total on-budget and off-budget results:
Total receipts ...... ...... $ 85,525 $204,866 $909,029 $190,014 $972,716

On-budget receipts .......... ........ 67,645 154,268 667,849 142,716 710.280
Off-budget receipts .17,880 50.598 241,180 47,298 262,436

Totaloutlays ............... .. ............ 109,401 285,252 1,032,294 254,606 1,085,367

On-budget outlays .............. ...... 77,505 220,401 829,703 208,297 872,080
Off-budget outlays .............. ...... 31,896 64,851 202,591 46,309 213,287

Total surplus (+) or deficit (-) ................... -23,876 -80,386 -123,266 -64,592 -112,651


On-budget surplus (+) or deficit(-) ...
Off-budget surplus (+) or deficit(-) ...

Total on-budget and off-budget financing ...

Means of financing:2
By Borrowing from the public ... ........
By Reduction of operating cash, increase (-).
By Other means ...... .... .......


-9,860
-14,016


23,876


9,766
-1,218
15,328


66,133
14,253


80,386


60,651
14,067
5.668


161,854
+38,589

123,266


102,231
20.000
1,035


-65,581
+989

64,592


161.800
+49.149

112,651


69,366
438
-5,212


1Based on the Mid-Session Review of the FY 1988 Budget released by the Office of Management and Budget on August 17, 1987.
2Estimates for FY 1989 are not currently available.
Note: Details may not add to total due to rounding.
Source: Financial Management Service, Department of the Treasury


Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988





In billions of dollars
150
Outlays
120 -




30 -



0
30 -


-30


60 Deficit(- )/Surplus


90


Oct. Dec. Feb. Apr.
FY
87


June Aug. Oct.

FY
88


Dec.


~






Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 1987 and 1988

In billions of dollars


140

120

100

80

60

40

20

0
Oct.
FY
87


Total Receipts

A


:iiiii::i:iti:i~ii:i:: :::::-- : Other Taxes and Receipts :

Dec. Feb. Apr. June Aug. Oct. Dec.
FY
88


Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 1987 and 1988

In billions of dollars
120
Total Outlays
100


80 Social Securit & Medicare

60

Other Non Defense
40
"f ....... ........... ...................... ...".Natio n al

20 :Cj:::: S ,'::::::::::::::::::::::::::::::::::::::::. Defens e :
::;::::: : ::: :i:: ..:. .National Defense ::::: :: :
20 .



Oct. Dec. Feb. Apr. June Aug. Oct. Dec.
FY FY
87 88






Table 3. Summary of Receipts and Outlays of the U.S. Government, December 1987 and Other Periods (in millions)


Actual Actual Actual Budget
Classification This Month This Fiscal Comparable Estimates
Year to Date Prior Period Full Fiscal Year'

Budget Receipts
Individual income taxes .. .................... $36,537 $94,005 $88.830 $396,121
Corporation income taxes .......... ....... 17.748 21.271 17,980 105.413
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget) .......... 17.880 50,598 47,298 241,180
Employment taxes and contributions (on-budget)....... 4,855 13,653 12,925 65,126
Unemployment Insurance .. ....... 170 3,792 3,746 22,040
Other retirement contributions ........ ...... 457 1,252 1.266 3,500
Excise taxes ... 3,838 9,266 8,198 32,733
Estate and gift taxes .......... ......... 540 1,765 1,830 7,917
Customs duties ............... ....... 1,361 3,925 3,512 15,814
Miscellaneous receipts ................ .... 2,141 5,340 4.428 19.185

Total Receipts .................. ................... 85,525 204,866 190,014 909,029

(On-budget) ...................................... 67,645 154,268 142,716 667,849

(Off-budget) ...................................... 17,880 50,598 47,298 241,180

Budget Outlays
Legislative Branch .... ...... ......... 182 463 401 2,215
The Judiciary ............ ... .......... 90 258 265 1,431
Executive Office of the President ............... 8 12 30 122
Funds Appropriated to the President ................ 341, 1,792 3,537 10,656
Department of Agriculture ..... .... ....... .......... 3,806 16,645 16,896 46,215
Department of Commerce .................... .. 243 576 561 2,427
Department of Defense-Military ........ 28.356 74,289 66,220 289,277
Department of Defense-Civil ........................ 1,797 5,441 5.164 22,270
Department of Education ......... .............. 1,420 4,866 4.815 19,223
Department of Energy ........... ........ 941 2,832 2,783 10,864
Department of Health and Human Services,
except Social Security .............. .......... 12.337 37,734 37,472 148,952
Department of Health and Human Services, Social Security 35.270 68,991 49,375 215,299
Department of Housing and Urban Development .......... 1,900 5,283 4,181 19,783
Department of the Interior ...... ...... ... 439 1,437 1.519 4.598
Department of Justice ...... ................ 529 1,267 1,012 5,827
Department of Labor ...... ................ 1.896 4.510 5.224 24.508
Department of State ................... 479 1.060 826 3,664
Department of Transportation ... ..... ........ 2.200 6,688 6,662 25,371
Department of the Treasury:
Interest on Public Debt ......... ....... 30.355 61,093 55,499 204,968
Other ........ .............. ... -1,271 4300 -4.139 -18,554
Environmental Protection Agency ......... 415 1,210 1,284 4,752
General Services Administration ... ............... 299 49 12 -385
National Aeronautics and Space Administration ..... .... 843 2.551 1.998 9.639
Office of Personnel Management ... ........... 2,324 6.918 6.253 27,115
Small Business Administration ........... -45 162 236 -393
Veterans Administration ......... .. .......... 3,771 8.303 7.918 28,486
Other independent agencies ........................... -108 2,553 3,471 10,552
Allowances, undistributed ............... .......... ...... -686
Undistributed offsetting receipts:
Interest ........ ..... 16.649 19,003 -16,053 -40.592
Other ... .......... ... ..................... 2,770 8.448 8,817 45,311

Total Outlays ...................................... .109,401 285,252 254,605 1,032,294

(On-budget) ................... ............... 77,505 220,401 208,297 829,703

(Off-budget) ..................................... 31,896 64,851 46,309 202,591

Surplus (+) or deficit (-) ........................... -23,876 -80,386 -64,592 -123,266

(On-budget) ..................................... -9,860 -66,133 -65,581 -161,854

(Off-budget)..................................... -14,016 -14,253 +989 +38,589

'Based on the Mid-Session Review of the FY 1988 Budget released by the Office of Management and Budget on August 17. 1987
SNo Transactions.
Source: Financial Management Service, Department of the Treasury







Table 4. Receipts of the U.S. Government, December 1987 and Other Periods (in millions)

This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross Refunds Gross Refunds Gross Refunds Rece
Receipts (Deduct) Re s Receipts (Deduct) ec s Receipts (Deduct)


Individual income taxes:
W withheld ....... .... ... .. ..
Presidential Election Campaign Fund .. ..
Other ... .
Total-Individual income taxes ...................

Corporation income taxes ...........................

Social insurance taxes and contributions:
Employment taxes and contributions:
Federal old-age and survivors ins. trust fund:
Federal Insurance Contributions Act taxes .......
Self-Employment Contributions Act taxes ...........
Deposits by States .. .....
O their .. .... ...
Total-FOASI trust fund ..... .
Federal disability insurance trust fund:
Federal Insurance Contributions Act taxes ..........
Self-Employment Contributions Act taxes ..
Receipts from Railroad Retirement Account ...
Deposits by States ............... ...
O their .... .....
Total- FDI trust fund ........ ... ..
Federal hospital insurance trust fund:
Federal Insurance Contributions Act taxes ..
Self-Employment Contributions Act taxes
Receipts from Railroad Retirement Board ....
Deposits by States .. ....... .
Total-FHI trust fund ..
Railroad retirement accounts:
Rail industry pension fund .. .. ..
Railroad social security equivalent benefit ..

Total-Employment taxes and contributions
Unemployment insurance:
Unemployment trust fund:
State taxes deposited in Treasury ... ...
Railroad debt Repayment ...............
Federal Unemployment Tax Act taxes ......
O their ...... ...... .
Total-Unemployment trust fund
Federal employees retirement contributions:
Civil service retirement and disability fund ...
Foreign service retirement and disability fund
O their ... ........ .. .... ..
Total-Federal employees retirement contributions
Other retirement contributions:
Civil service retirement and disability fund

Total-Social insurance taxes and contributions ......
Excise taxes:
Miscellaneous excise taxes .. .
Airport and airway trust fund .........
Highway trust fund .....
Black lung disability trust fund ....... ......
Total-Excise taxes ...........................

Estate and gift taxes ............................ ..

Customs duties ....................................
Miscellaneous receipts:
Deposits of earnings by Federal Reserve banks ..
All other
Total-Miscellaneous receipts ....................

Total-Receipts ................................

Total-On-budget ...............................

Total-Off-budget ....... ................ ..

'Includes amounts received for Windfall Profit Tax pursuant to P L
No Transactions
("')Less than $500,000
Note Throughout this statement, details may not add to totals becau
Source Financial Management Service, Department of the Treasury


$34,020
3,309
3,309


$89 030
1
8,536


$84 531
I"1
7850


37,329 $793 $36,537 97,566 $3,561 $94,005 92,381 $3,551 $88,830

18,633 884 17,748 24,824 3,553 21,271 22,466 4,486 17,980




16,315 16,315 46,002 ...... 46,002 38,088 .... 38,088
.............. 107 .... 107 166 166
-4 ...... -4 43 ..... 43 4,944 4,944
("*) ... (*" ) (**) ...... ( *) (" ) (. ( )
16,311 ... 16,311 46,152 .... 46,152 43,199 .. 43,199

1,569 ...... 1569 4,430 ...... 4,430 3,662 .. 3,662
...... ..... 10 .. 10 18 18

(" ) ( ) 5 ...... 5 419 .. 419

1,569 1,569 4,446 .. 4,446 4,099 .. 4099

4,601 4,601 12,925 .... 12,925 10,817 ...... 10,817
... 27 ..... 27 39 39

(**) ( ) -53 ..... -53 1,214 .... 1,214
4,601 4,601 12,900 12,900 12,070 12,070

134 -4 138 377 18 360 436 1 435
116 116 394 .. 394 421 ... 421

22,730 -4 22,735 64,268 18 64,251 60,224 1 60,223


154 ...... 154 3,044 ... 3,044 2.928 .... 2,928
( ") (") 12 .. 12 38 .. 38
28 13 15 714 25 689 730 19 711
(") (*) 47 ... 47 69 69
182 13 170 3,817 25 3,792 3,765 19 3,746

443 443 1,212 1,212 1,230 1,230
4 4 10 .. 10 12 .... 12
( ) .. (* ) 1 ......1 1 ..... 1
448 .. 448 1,223 .. 1,223 1,243 1,243

9 9 29 29 23 ...... 23

23,370 8 23,361 69,337 42 69,295 65,255 20 65,234


2,382 52 2,434 5,082 89 4,993 3,778 115 3.663
230 1 229 793 1 792 732 2 730
1,194 65 1,129 3,396 65 3,331 3.617 -32 3,649
46 46 149 .. 149 156 .. 156
3,852 14 3,838 9,421 155 9,266 8,284 86 8,198

554 14 540 1,813 48 1,765 1,872 42 1,830

1,399 38 1,361 4,042 117 3,925 3,626 114 3,512

2,003 2,003 4,871 .. 4.871 4,083 4,083
138 (*) 138 469 (*) 469 346 1 345
2,141 (") 2,141 5,340 (") 5,340 4,429 1 4,428

87,278 1,752 85,525 212,343 7,477 204,866 198,314 8,300 190,014

69,398 1,752 67,645 161,745 7,477 154,268 151,016 8,300 142,716


17,880

96-223


se Of rounding


.... 17.880 50,598 ...... 50,598 47,298 .... 47,298






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross pplicGross Gross Applicable ut Gross Applicable Outlays
Outlays Receipts Outlays Outlays Receipts Ouays Outlays Receipts uas


Legislative Branch:
Senate .. .. ......... .. .
House of Representatives ... ........
Joint item s ................
Congressional Budget Office ............
Architect of the Capitol ... .... .
Library of Congress .. ...... ......
Government Printing Office:
Revolving fund (net) .. ...... .
General fund appropriations ........ ...........
General Accounting Office ...........
United States Tax Court .. ....
Other Legislative Branch agencies .................
Proprietary receipts from the public ...... .....
Intrabudgetary transactions .... ..

Total-Legislative Branch .................. .....

The Judiciary:
Supreme Court of the United States ..... .
Courts of appeals, district courts, and other
judicial services ........
O their .. ...... ........

Total-The Judiciary ............................

Executive Office of the President:
Compensation of the President and the
White House Office . ....
Office of Management and Budget ...........
O the r ...... ..... ... .... ........

Total-Executive Office of the President ...........

Funds Appropriated to the President:
Disaster relief .. . .

International security assistance:
Guarantee reserve fund .. ......
Foreign military sales credit ..... ..
Economic support fund ............ .......
M military assistance ................................
Peacekeeping operations ... ....
O their ...... ......
Proprietary receipts from the public .. .

Total-International security assistance ... .

International development assistance:
Multilateral assistance:
Contributions to international financial institutions:
International Development Association.......
Inter-American Development Bank ...........
O their .. .. .......
International organizations and programs .... .....

Total- Multilateral assistance .................

Agency for International Development:
Functional development assistance program ...
Operating expenses, Agency for
International Development ...... .
Payment to Foreign Service retirement and
disability fund .... .. ......... ..... .......
O their ... .......... .. ...
Proprietary receipts from the public ....... .

Total-Agency for International Development ....

Trade and Development Program ...............
Peace Corps .................. ... ........ ..
Overseas Private Investment Corporation ...... ...
Inter-American Foundation ... .. .
African Development Foundation .... ..... .

Total-International development assistance....

Table continued on next page.


$25 (*) $25 $85 $1 $85 $69
51 (") 51 138 (") 138 113
4 .... 4 7 .. 7 32
2 2 5 ..... 5 4
14 ..... 14 32 ..... 32 28
36 ...... 36 71 71 58

-18 -18 19 ..... 19 45
15 15 23 ...... 23 21
50 ...... 50 73 .. 73 25
2 .. 2 6 6 6
3 3 6 ...... 6 5
$1 -1 1 -1 ..


$1 $68
1 112
32
4
28
58

45
21
25
6
5
1 -1


. . I ) I I

183 1 182 466 2 463 405 4 401


1 1 4 4 4 ... 4

85 ... 85 240 240 248 .. 248
4 4 13 13 13 ... 13

90 ...... 90 258 ...... 258 265 ...... 265



2 .. 2 8 8 7 ... 7
3 .3 11 11 10 10
3 ..... 3 13 .13 13 .. 13

8 ...... 8 32 ...... 32 30 ... .. 30


19 19 35 35 69 69


96 93 3 166 148 18 112 224 -112
411 80 331 1,093 993 100 710 175 534
232 ...... 232 1,867 1,867 1,785 1,785
76 76 124 124 13 .. 13
3 ... 3 7 7 12 12
3 3 9 ... .. 9 21 21
. 1 -1 .. 22 -22 ..... 37 -37

821 174 647 3,265 1,162 2,102 2,651 435 2.216





11 ... 11 73 73 92 92
261 261 73 73
1 1 69 69 86 86

12 12 402 ... 402 251 ..... 251


97 .. 97 307 307 319 319

35 ...... 35 93 93 113 113

.. ..... 45 45
33 6 27 71 16 56 78 4 74
...... 88 -88 ...... 222 -222 187 -187

165 94 70 471 238 233 555 192 364

2 2 6 ... 6 4 .. 4
9 .. 9 33 .. 33 32 ... 32
12 18 -6 17 26 -9 1 16 -15
2 (') 2 9 1 8 9 1 8
1 ... 1 3 3 2 .. 2

203 112 91 940 265 675 853 208 645


Classification







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts ay Outlays Receipts Outlays Receipts Oay


Funds Appropriated to the President:-Continued
International Monetary Programs .
Military sales programs:
Foreign military sales trust fund
O their ... .......
Proprietary receipts from the public ......
Other .

Total-Funds Appropriated to the President ......

Department of Agriculture:
Departmental Administration
Agricultural Research Service ..
Cooperative State Research Service .......
Extension Service ......
National Agricultural Statistical Service .....
Economic Research Service ..............
Foreign Agricultural Service .
Foreign Assistance Programs .....
Agricultural Stabilization and Conservation Service ...
Federal Crop Insurance Corporation ...
Commodity Credit Corporation:
Price support and related programs ......
National Wool Act Program .. .
Rural Electrification Administration .

Farmers Home Administration:
Public enterprise funds:
Self-help housing land development fund ..
Rural housing insurance fund .
Agricultural credit insurance fund
Rural development insurance fund ..... .
Rural water and waste disposal grants ........
Salaries and expenses
Other ..

Total-Farmers Home Administration

Soil Conservation Service:
Conservation operations ... .......
Watershed and flood prevention operations
Other .
Animal and Plant Health Inspection Service ...
Agricultural Marketing Service:
Funds for strengthening markets, income, and supply...
Other .
Food Safety and Inspection Service
Food and Nutrition Service:
Food stamp program ...... ..
Child nutrition programs ..
Women, infants and children programs .
Other .

Total-Food and Nutrition Service

Forest Service:
National Forest system ... ....
Construction
Forest research ..
Forest Service permanent appropriations ...
Cooperative work .
O their .. .. .

Total-Forest Service ....

Other .
Proprietary receipts from the public ...
Intrabudgetary transactions

Total-Department of Agriculture ................


-$342 -$1,088


$1,088 -$83


794 794 2,277 2,277 2,494 ...... 2,494
17 (') 17 61 $46 15 77 $30 47
$888 -888 ...... 2.234 -2,234 ... 1,890 -1,890
3 .. 3 7 7 39 39

1,516 1,174 341 5,499 3,707 1,792 6,100 2,563 3,537


34 .. 34 46 46 13 .. 13
51 .. 51 134 ... 134 126 ..... 126
21 21 71 71 70 ..... 70
27 .. 27 76 76 72 ...... 72
2 ...... 2 13 13 15 15
7 7 11 11 8 ..... 8
8 .. 8 19 19 19 19
49 .. 49 230 ..... 230 293 ... 293
31 .. 31 7 ..... 7 21 21
84 80 4 204 120 84 241 102 139

2,620 1.126 1,494 12,676 2,966 9,709 12,289 1,700 10,589
1 1 1 ...... 1 1 1
560 591 -31 769 838 -70 544 387 158



(" ) .. (**) (") (" ) (*") ...... ( ) ("*)
288 185 103 1,358 611 747 1,328 904 424
113 534 -421 637 1,287 -650 714 1,391 -678
444 146 298 1,355 934 421 1.014 857 157
15 15 42 42 48 48
35 .. 35 102 102 92 92
6 6 16 .. 16 12 .12

900 865 36 3.510 2.833 678 3.208 3.153 55


45 ... 45 107 107 88 88
19 19 56 56 61 ... 61
7 7 18 18 18 ... 18
34 34 88 88 82 82

87 .. 87 124 124 88 88
10 .. 10 21 21 27 27
40 .40 102 102 95 95

1,055 1,055 3,153 3.153 3,084 3.084
395 395 1,062 1,062 1,064 .. 1,064
137 .137 412 412 403 ... 403
25 .. 25 69 69 64 64

1,613 1,613 4,696 .. 4.696 4.615 .4,615


126 126 468 468 406 .. 406
28 .28 80 80 63 63
15 15 36 36 29 29
93 93 107 107 119 119
13 .. 13 39 39 -72 -72
15 15 29 .. 29 25 25

289 289 759 759 570 570

20 4 16 40 9 31 46 7 39
87 87 366 -366 365 365


6,560


2,753 3,806 23,778 7,133 16.645 22,611 5,714 16,896


Table continued on next page.







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued


Classification


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross applicable Outlays Gross Applicable utla
Outlays Rutlays R leceip s Outlays Receipts utas Outlays Receipts O y


Department of Commerce:
General Administration .......... $28 $4 $24 $78 $12 $66 $124 $24 $101
Bureau of the Census .. 30 30 76 76 66 .. 66
Economic and Statistical Analysis ....... ... 6 .6 19 19 18 18
Economic Development Assistance ......... (**) () (") (*)
Promotion of Industry and Commerce ..... ... 24 24 53 53 62 ..... 62
Science and technology:
National Oceanic and Atmospheric Administration 132 1 131 309 3 306 272 12 259
Patent and Trademark Office ...... 10 10 28 .... 28 24 ..... 24
National Bureau of Standards ............... 18 18 34 34 32 ...... 32
National Telecommunications and Information
Adm inistration .............. ....... 3 3 7 ...... 7 11 ...... 11

Total-Science and technology .. ......... 163 1 162 378 3 375 338 12 326

Proprietary receipts from the public ....... 2 -2 11 -11 9 -9
Intrabudgetary transactions ................ (") (") -2 -2 -2 .. -2

Total-Department of Commerce .................. 251 7 243 602 27 576 607 46 561

Department of Defense-Military:
Military personnel:
Department of the Army ..... ................. 3,428 3,428 8,148 .. 8,148 6,727 ...6,727
Department of the Navy ....... ... ......... 2,879 ... 2,879 7,114 7114 6,052 6,052
Department of the Air Force.......... .......... 2,518 2.518 5,835 ..... 5,835 5,185 ...... 5,185

Total-Military personnel .... ..... 8,825 .... 8,825 21,096 .... 21,096 17,963 17.963

Operation and Maintenance:
Department of the Army ...... ....... 2,193 ...... 2,193 6,143 6,143 5,360 .... 5,360
Department of the Navy .... .. 2,127 2,127 6,944 6,944 6,093 .... 6,093
Department of the Air Force ................... 1,928 ...... 1,928 5,936 .5,936 5,152 ...... 5,152
Defense agencies ............. .. 712 712 1,948 .. 1,948 1,912 .. 1,912

Total-Operation and Maintenance ...... ........ 6.961 ..... 6,961 20,971 20,971 18,516 ...... 18,516

Procurement:
Department of the Army .................. 1,516 1,516 4,146 4,146 4,224 4,224
Department of the Navy ....................... .. 2,754 ..... 2,754 7,307 7,307 6,702 6,702
Department of the Air Force ............. 3,234 3,234 8,262 8,262 7,992 ...... 7,992
Defense agencies ....................... 143 .... 143 409 409 469 469

Total-Procurement ................ 7,647 7,647 20,124 ..... 20,124 19,386 ..... 19,386

Research, Development, Test, and Evaluation:
Department of the Army ................... ... 434 .. 434 1,148 .. 1,148 998 ...... 998
Department of the Navy .......... ........ 695 .. 695 1,948 1,948 2,221 .. 2,221
Department of the Air Force ........... 1,103 1,103 3,296 .. 3,296 3,495 3,495
Defense agencies ............... .. 792 792 1,671 1,671 1,269 ..... 1,269

Total-Research, Development, Test, and Evaluation 3,024 .... 3.024 8.063 .... 8,063 7,983 ... 7,983

Military Construction:
Department of the Army .............. .... 187 187 520 .... 520 476 476
Department of the Navy .............. ...... 158 158 436 ... 436 392 392
Department of the Air Force.......... 152 152 476 .. 476 433 433
Defense agencies ... ....... 62 62 164 .. 164 85 ..... 85

Total-Military construction ......... ....... 560 560 1,595 .... 1.595 1,386 .... 1,386

Family housing ............. .............. 246 246 711 .711 675 675
Revolving and Management Funds:
Public Enterprise Funds ............ (") (") (") 1 1 (") 10 1 9
Intragovernmental Funds:
Department of the Army ...... ..... 140 140 268 .. 268 -9 -9
Department of the Navy .................. 424 .. 424 748 .. 748 470 25 445
Department of the Air Force ........ ......... 216 ... 216 262 262 -172 -172
Defense agencies .................. ...... 205 205 101 101 -388 ...- 388
Other ......... .... .. .. .. ....... 36 32 4 93 84 10 95 81 14
Proprietary receipts from the public ............. -156 156 -57 57 -88 88
Intrabudgetary transactions ........... .... -53 ...... -53 282 .. 282 325 325

Total-Department of Defense-Military ............ 28,232 -124 28,356 74,316 27 74,289 66,239 19 66,220

Table continued on next page.







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable s Gross Applicable
Outlays Receipts Ou s Outlays Receipts ys Outlays Receipts Outays


Department of Defense-Civil
Corps of Engineers:
General investigations.
Construction, general .. .....
Operation and maintenance, general ...
Flood control and coastal emergencies .
O their ......... .. ....... .
Proprietary receipts from the public ..........

Total-Corps of Engineers .. ..

Military retirement fund:
Payments to military retirement fund .....
Military retirement fund ........... ........
Intrabudgetary transactions ...
Other .
Proprietary receipts from the public ..... .

Total-Department of Defense-Civil ..............

Department of Education:
Office of Elementary and Secondary Education:
Compensatory education for the disadvantaged .......
Impact aid .. ....
Special Programs ..........
Indian Education .. .....

Total-Office of Elementary and Secondary Education

Office of Bilingual Education and Minority Languages
Affairs
Office of Special Education and Rehabilitative Services:
Education for the handicapped .. ... .. .
Rehabilitation services and handicapped research....
Payments to institutions for the handicapped ......
Office of Vocational and Adult Education ...........
Office of Postsecondary Education
College housing loans ...
Student financial assistance ......
Guaranteed student loans
Higher education ...
Howard University .....
Higher education facilities loans and insurance

Total-Office of Postsecondary Education ....

Office of Educational Research and Improvement......
Departmental Management
Proprietary receipts from the public ...

Total-Department of Education ..................

Department of Energy:
Atomic energy defense activities .
Energy programs-
General science and research activities ...
Energy supply, R and D activities .. .
Uranium supply and enrichment activities.......
Fossil energy research and development ...
Naval petroleum and oil shale reserves .
Energy conservation ....
Strategic petroleum reserve
Federal energy regulatory commission ...
Alternative Fuels Productions
Nuclear waste disposal fund ....
Other

Total-Energy Programs ....

Power Marketing Administration
Departmental Administration
Proprietary receipts from the public
Intrabudgetary transactions .

Total-Department of Energy ....................


$11
79
108
45
34


. $11 $29 ...... $29 $33 .
79 278 ...... 278 259
. 108 332 ...... 332 294
. 45 92 ...... 92 83
. 34 133 ...... 133 110


$12 -12 ...... $19 -19 ...... $28 -28

278 12 266 865 19 846 778 28 750


.. ........ ...... 10,285 ...... 10,285 10,524 ...... 10,524
1,531 ...... 1,531 4,585 ...... 4,585 4,456 ...... 4,456
. ....... -10,285 ...... -10,285 -10,524 ... -10,524
1 (") 1 12 (*) 12 -40 (**) -40
... .. 1 -1 ... 2 -2 ...... 2 -2

1,809 12 1,797 5,462 21 5,441 5,195 31 5,164



300 ...... 300 848 ...... 848 880 ..... 880
26 .. 26 148 ...... 148 319 ...... 319
108 ...... 108 187 ...... 187 18 ..... 18
-3 ... .. -3 12 ..... 12 212 ...... 212

431 ... .. 431 1,195 ...... 1,195 1,429 .. 1,429


15 ..... 15 44 ...... 44 42 ...... 42

167 .. 167 470 ...... 470 486 ...... 486
138 .. 138 474 ..... 474 358 ... 358
(" ) .. (* ) 20 .... 20 26 ...... 26
-2 ..... -2 219 ...... 219 253 ... 253

() 4 -4 4 57 -53 5 64 -59
308 ... 308 1,412 ..... 1,412 1,274 ..... 1,274
289 289 851 ... 851 730 ... 730
25 25 108 ...... 108 122 ...... 122
14 .... 14 25 .... 25 39 ... 39
-2 -2 -11 ...... -11 -14 ..... -14

634 4 630 2,389 57 2.331 2,156 64 2,092

19 .. 19 44 ...... 44 70 ... 70
22 22 76 .... 76 64 ...... 64
1 -1 .... 8 -8 6 -6

1,425 4 1,420 4,931 65 4,866 4,885 70 4,815


680 .... 680 1,961 ...... 1,961 1,948 ...... 1,948

54 ... 54 177 ...... 177 177 .... 177
197 ...... 197 601 ...... 601 576 ...... 576
72 ..... 72 244 ...... 244 214 ...... 214
28 28 80 ...... 80 82 .. 82
10 ...... 10 38 ..... 38 35 ... 35
-27 .. -27 36 ..... 36 -20 .... -20
69 69 169 ...... 169 163 ...... 163
10 10 26 ... 26 24 ... 24
.. (* ) .... ( ) ( ) .... (" )
31 31 99 ...... 99 103 .... 103
20 ..... 20 53 ..... 53 61 ..... 61

464 464 1,524 ..... 1,524 1.415 .... 1,415

119 100 19 293 311 -18 307 288 18
34 34 107 ... 107 80 80
254 -254 .... 695 -695 .... 657 -657
-2 ,, -2 -46 ...... -46 -21 -21

1.296 355 941 3,838 1.006 2,832 3,728 945 2,783


Table continued on next page.







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts O Outlays Receipts ays Outlays Receipts Outlays


Department of Health and Human Services, Except Social
Security:
Public Health Service:
Food and Drug Administration .................. ...
Health Resources and Services Administration:
Public enterprise funds:
Medical facilities guaranteed and loan fund........
Other ............ ......................... .
Health resources and services ..................
Indian health and facilities ................... .....
Centers for Disease Control ................. .....
National Institutes of Health:
Cancer Research .............. ...........
Heart, Lung, and Blood Research ............
National Institutes of Diabetes, and Digestive and
Kidney Diseases ............................
Neurological and Communicative Disorders and Stroke
Allergy and Infectious Diseases .................
General Medical Sciences ............... ......
Child Health and Human Development ..........
Other research institutes ................. ......
Research resources ..........................
Other ................... ..................

Total-National Institutes of Health .............

Alcohol, Drug Abuse, and Mental Health Administration.
Office of Assistant Secretary for Health ............

Total-Public Health Service ................ ..

Health Care Financing Administration:
Grants to States for Medicaid ......................
Payments to health care trust funds .................
Program management ............................
O other ...................................... ....
Federal hospital insurance trust fund:
Benefit payments ...............................
Administrative expenses and construction ..........
Interest on normalized tax transfers ...............

Tolal-FHI trust fund .... ........... ........

Federal supplementary medical ins. trust fund:
Benefit payments .......... ....................
Administrative expenses and construction ..........

Total-FSMI trust fund .................

Total-Health Care Financing Administration ........

Social Security Administration:
Payments to social security trust funds...........
Special benefits for disabled coal miners ............
Supplemental security income program ..............

Total-Social Security Administration ..............

Family Support Administration:
Program Administration ......... ..... ..
Family Support Payments to States.... ..........
Low Income Home Energy Assistance ...............
Refugee and Entrant Assistance .... ............
Community Services ............. ...........
W ork Incentives ... .......... .......... .....

Total-Family Support Administration ..............

Human Development Services:
Social services block grant .......................
Human development services ................. .
Family social services .... ......................
Other .......................................

Total-Human Development Services ..............

Departmental management ..........................
Proprietary receipts from the public ..................
Intrabudgetary transactions:
Payments for health insurance for the aged:
Federal hospital insurance trust fund...............
Federal supplementary medical insurance trust fund ..
Payments for tax and other credits:
Federal hospital insurance trust fund............
Other ............. ......................

Total-Department of Health and Human Services
Except Social Security ........................


$43 (") $43 $114 $1 $113 $105 (") $105


6
...... 6
.. 129
... .. 90
...... 50

... 107
... .. 70

. ... 37
. ..... 35
... 32
... 53
... 25
... 65
...... 29
.. 35
AQQ


10
369
232
141

374
242

129
124
128
145
91
217
79
57
1 585C


3
332
215
92

296
201

101
99
91
113
73
149
57
22
1 2n0


3
332
215
92

296
201

101
99
91
113
73
149
57
22
S202


91 ...... 91 297 297 240 .240
17 ...... 17 45 45 44 ... 44

915 (*) 914 2,794 1 2,793 2,233 ( ) 2,233


2,020 ...... 2,020 7,083 7,083 6,611 6,611
4,209 ..... 4,209 7,775 7,775 4,514 4,514
36 ...... 36 23 .... 23 41 41
-1 .... -1 -1 -1 -4 .-4

4,415 .. .... 4,415 12,381 ..... 12,381 12,851 12,851
64 64 144 144 183 183


4,479 ...... 4,479 12,525 12,525 13,034 ... 13,034


2,775 ... 2,775 8,208 .. 8,208 7.326 ..... 7:326
81 ...... 81 283 .. 283 267 267

2,856 ...... 2,856 8,491 8,491 7,592 .. 7,592

13,598 ..... 13,598 35,895 35,895 31,788 .. 31,788


60 .... 60 920 920 1,015 1,015
154 .... 154 309 309 240 ..... 240
1,809 ...... 1,809 3,620 3,620 3,506 ... 3,506

2,023 ...... 2,023 4,849 4,849 4,761 ...... 4,761


6 6 15 .... 15 11 11
567 ... .. 567 2,518 ... 2,518 2,601 2,601
177 ... 177 308 308 492 492
25 25 89 ... 89 105 105
26 ..... 26 73 73 84 84
17 .... 17 26 26 14 ...... 14

817 ..... 817 3,030 ..... 3,030 3.306 .... 3,306


186 ..... 186 491 491 638 638
151 ..... 151 499 499 477 477
92 ..... 92 287 287 207 207


430 ...... 430 1,277 ...... 1,277 1,322 1.322

13 .... 13 47 47 33 33
$1,251 -1,251 ... 2,382 -2.382 $1,457 -1.457



-4,209 ...... -4,209 -7,770 .. -7,770 -4,506 -4.506

.. .-5 .-5 -7 -7



13,588 1,251 12,337 40,117 2,383 37,734 38,929 1,457 37,472


Table continued on next page.


-----


---


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







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts utlays Outlays Receipts Outlays


Department of Health and Human Services, Social
Security:
Federal old-age and survivors insurance trust fund:
Benefit payments ......
Administrative expenses and construction ......
Payment to railroad retirement account .............
Interest expense on interfund borrowings ..
Interest on normalized tax transfers ...

Total-FOASI trust fund .. ... .. ..

Federal disability insurance trust fund:
Benefit payments .. .. ... ...
Administrative expenses and construction .... ......
Payment to railroad retirement account ....
Interest on normalized tax transfers ........

Total- FDI trust fund ....... ...... .

Proprietary receipts from the public .. ......
Intrabudgetary transactions2 .

Total-Department of Health and Human Services,
Social Security ......................... ....

Department of Housing and Urban Development:
Housing Programs:
Public enterprise funds:
Federal Housing Administration fund .....
Housing for the elderly or handicapped fund
O their .
Rent supplement payments ...
Homeownership assistance
Rental housing assistance .......
Rental housing development grants ...... .
Low-rent public housing ...... .... .
Public housing grants ...... ..
College housing grants ....... .
Lower income housing assistance ... ...
Other .........

Total-Housing Programs ....

Public and Indian Housing,
Payments for operation of low-income housing projects
Low-rent housing-loans and other expenses

Total-Public and Indian Housing .. ..

Government National Mortgage Association:
Management and liquidating functions fund .
Guarantees of mortgage-backed securities ... .....
Participation sales fund .. .....

Total-Government National Mortgage Association

Community Planning and Development:
Public enterprise fund .
Community Development Grants .
Urban development action grants
Rental rehabilitation grants .. .
O their ......

Total-Community Planning and Development

Management and administration .....
Other ....

Total-Department of Housing and Urban Development

Table continued on next page.


'$31,376
144


$31,376 $62,101
144 374


$62,101 $44,542 .....
374 391 ..


387 387 387 ...... 387 274 ..... 274

31,907 ...... 31,907 62,862 62,862 45,208 ...... 45,208


3.316 3,316 6,743 6,743 4,998 ... 4,998
70 70 269 ...... 269 158 .. 158

37 .. 37 37 37 26 26

3,423 .. 3,423 7,050 7,050 5,182 ...... 5.182

(* ) ( ) (") (*") .... (") (" )
-60 -60 -920 -920 -1,015 ... -1,015


35,270 (*) 35,270 68,991 (*) 68,991 49,375 (') 49,375




769 $391 378 1,771 $1,272 500 1,251 $1,585 -334
32 46 -15 365 133 232 385 124 261
(") 5 -5 12 15 -3 (") 17 -17
5 .. 5 12 12 10 .... 10
20 ... 20 37 .. 37 47 47
82 ...... 82 180 180 163 163
4 ... 4 21 21 15 15
198 198 371 ...... 371 374 374
8 .. 8 10 ..... 10
2 2 6 .. 6 6 .... 6
794 794 2.239 .... 2,239 1.891 1,891
7 7 7 7 8 8

1,920 442 1,478 5,033 1,420 3,613 4,151 1,726 2,425


110 110 352 .. 352 342 342
53 2 51 505 52 453 503 11 491

164 2 162 858 52 806 844 11 833


12 18 -6 26 44 -17 43 57 -14
38 86 -48 160 249 -90 29 103 -74
7 7 -18 -18 -30 ... -30

57 104 -47 168 293 -125 41 159 -118


12 15 -3 25 35 -10 17 38 -21
308 308 827 827 852 8 844
21 21 59 .. 59 111 .. 111
8 8 24 24 24 24
.3 3 7 7

349 15 334 938 35 902 1.010 46 964

-29 -29 83 83 67 67
1 1 4 4 10 10

2,463 563 1,900 7,083 1,800 5,283 6,124 1,943 4,181


Classification


44.542
391






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Receipts Outlays Receipts Outlays


Department of the Interior:
Land and minerals management:
Bureau of Land Management:
Management of lands and resources ....... ..
Payments in lieu of taxes .......
Other ...
Minerals Management Service .... .........
Office of Surface Mining Reclamation and Enforcement

Total-Land and minerals management

Water and science:
Bureau of Reclamation:
Construction program ................
Operation and maintenance .....
Other
Geological Survey ..................
Bureau of Mines ........ ................

Total-Water and science ...... .

Fish and wildlife and parks:
United States Fish and Wildlife Service .
National Park Service ...

Total-Fish and wildlife and parks .

Bureau of Indian Affairs:
Operation of Indian programs .........
Construction ..............
Indian tribal funds ..... ...
O their ...............

Total-Bureau of Indian Affairs .. ..

Territorial and International Affairs .
Departmental offices ..... .. ....
Proprietary receipts from the public:
Receipts from oil and gas leases, national petroleum
reserve in Alaska .................
O their ... ....... ........
Intrabudgetary transactions .....

Total-Department of the Interior .................

Department of Justice:
Legal activities .. ..... ... ...
Federal Bureau of Investigation
Drug Enforcement Administration ....
Immigration and Naturalization Service ..........
Federal Prison System ... ......................
Office of Justice Programs .. ........
Other .....

Total-Department of Justice .................. ..

Department of Labor:
Employment and Training Administration:
Training and employment services .... .............
Community service employment for older Americans .
Federal unemployment benefits and allowances .
State unemployment insurance and employment
service operation .... .... ......... .
Advances to the unemployment trust fund and other
funds .................
Other ............. ......


$45 $45 $139 $139 $109 ... $109
("*) I(* *) -1 -1 (* ) ... ( *)
13 ... 13 93 93 97 .. 97
57 .. 57 138 138 137 .. 137
34 34 97 97 70 ..... 70

148 148 465 .465 413 .. 413



67 $19 47 224 $28 196 222 $22 200
13 13 38 38 33 33
15 15 46 .... 46 41 41
57 .. 57 118 .. 118 61 61
16 3 14 41 6 35 35 5 30

168 22 146 467 34 433 392 27 365


58 .. 58 156 156 134 ... 134
93 93 269 269 240 ... 240

151 ... 151 425 ...... 425 374 374


71 71 225 225 228 ..... 228
8 8 23 23 35 .. 35
60 60 94 94 69 69
5 2 3 17 3 14 18 2 16

144 2 142 358 3 355 350 2 348

2 .. 2 132 132 283 (") 283
37 37 48 ..... 48 50 ...... 50


1 1
187 -187 421 -421 .. 314 -314
(") .. (* ) ...) *") (") ... (*")

650 211 439 1,895 458 1,437 1,862 342 1,519


146 ... 146 302 302 217 ... 217
150 ... 150 312 312 279 .. 279
34 34 96 96 99 ..... 99
88 88 225 225 155 155
94 4 91 247 11 236 182 10 172
21 .. 21 64 (*) 64 55 ..... 55
-1 -1 33 33 34 .. 34

533 4 529 1,278 11 1,267 1,021 10 1,012



268 ...... 268 826 ... 826 711 ... 711
29 ..... 29 80 .. 80 134 ... 134
4 .. 4 27 27 51 ...... 51

-48 ...... -48 -21 .. -21 51 ...... 51


11 ". 11 19 19 14 ..... 14


Table continued on next page.







Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts las Outlays Receipts s Outlays Receipts Outlays


Department of Labor:-Continued
Employment and Training Administration:-Continued
Unemployment trust fund:
Federal-State unemployment insurance:
State unemployment benefits ...
State administrative expenses ..................
Federal administrative expenses ....... .
Veterans employment and training ... ..
Repayment of advances from the general fund .....
Railroad unemployment benefits ........
Other .. ....... .. ..

Total-Unemployment trust fund .............

Total-Employment and Training Administration ....

Labor-Management Services .. .. ......
Pension Benefit Guaranty Corporation .....
Employment Standards Administration:
Salaries and expenses ....... .
Special benefits .. ...............
Black lung disability trust fund ......
Special workers compensation expenses
Occupational safety and health administration
Mine safety and health administration .....
Bureau of Labor Statistics .... ... ..
Departmental management ...........
Proprietary receipts from the public ..........
Intrabudgetary transactions

Total-Department of Labor ....................

Department of State:
Administration of Foreign Affairs:
Salaries and expenses ......
Acquisition and maintenance of buildings abroad ..
Payment to Foreign Service retirement and disability
fu n d . . . .
Foreign Service retirement and disability fund ..
Other ..... .. .

Total-Administration of Foreign Affairs .

International Organizations and Conferences ........
International Commissions ... ......
Migration and Refugee Assistance ............ ..
International Narcotics Control. ......
Other .... ... ..
Proprietary receipts from the public ...................
Intrabudgetary transactions .

Total-Department of State ......................

Department of Transportation:
Federal Highway Administration:
Highway trust fund:
Federal-aid highways ........
Other
Other programs ...... .. .

Total-Federal Highway Administration ......

National Highway Traffic Safety Administration

Table continued on next page.


$1,243 ..... $1,243 $2,933 ...... $2,933 $3,655 ...... $3,655
200 ...... 200 593 ...... 593 556 ..... 556
-15 ... -15 -3 ...... -3 4 ...... 4
9 .... 9 28 ...... 28 32 ...... 32

11 ...... 11 29 ...... 29 47 47
1 .... 1 5 ...... 5 3 ...... 3

1,450 ...... 1,450 3,585 ...... 3,585 4,296 ...... 4,296

1,712 .. ... 1,712 4,515 ...... 4,515 5,257 ..... 5,257

7 ...... 7 20 ..... 20 14 ...... 14
31 $62 -31 91 $109 -18 86 $46 40

24 ...... 24 52 ...... 52 43 ...... 43
95 ...... 95 -344 ...... -344 -406 ...... -406
54 ...... 54 158 .. 158 156 .. .. 156
5 ... .. 5 16 ...... 16 18 ...... 18
23 ...... 23 52 ...... 52 49 ...... 49
15 ...... 15 44 .... 44 37 .... 37
14 .. .. 14 44 ...... 44 41 ...... 41
20 ...... 20 40 ... .. 40 34 ...... 34
S (* ) (* ) ...... 1 -1 ...... 1 -1
-43 ...... -43 -69 ...... -69 -58 ...... -58

1,958 62 1,898 4,620 110 4,510 5,270 47 5,224



198 ...... 198 466 .... 466 390 ... .. 390
37 .. 37 98 .... 98 73 .... 73

13 ...... 13 27 ...... 27 ...... ...
10 .... 10 54 ...... 54 64 ...... 64
4 ... 4 8 ...... 8 8 ...... 8

261 .... 261 652 ...... 652 535 ..... 535

175 ... 175 285 ...... 285 209 .. .... 209
3 3 7 ... 7 7 ... 7
32 .... 32 110 .... 110 87 .. 87
16 .... 16 25 ...... 25 11 ... 11
4 ..... 4 9 ...... 9 22 ...... 22
1 -1 ...... 1 -1 ...... ......
-13 ..... -13 -27 .... -27 -46 ...... -46

480 1 479 1,062 1 1,060 826 ...... 826




1,236 ..... 1,236 3,654 ...... 3,654 3.365 .... 3,365
10 ..... 10 17 ...... 17 14 ... 14
9 ...... 9 25 ...... 25 25 25

1,256 ...... 1,256 3,696 ...... 3,696 3.404 .... 3,404


17 51


51 49






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Oays Outlays Receipts Outlays


Department of Transportatlon:-Continued
Federal Railroad Administration:
Grants to National Railroad Passenger Corporation ....
O the r .... .... ........ ...... .

Total-Federal Railroad Administration ...... ..

Urban Mass Transportation Administration:
Formula grants ................... ........ .....
Discretionary grants ................ .. .. ......
O th e r .. .. .. .. .
Federal Aviation Administration:
O operations .. .. . ........ ..
Other .... ........... .....................
Airport and airway trust fund:
Grants-in-aid for airports .......................
Facilities and equipment ........ ........
Research, engineering and development ...........
Operations .................. .............. ...

Total-Airport and airway trust fund .. ...........

Total-Federal Aviation Administration .. ........ .

Coast Guard:
Operating expenses .. .. ....... .... .
Acquisition, construction, and improvements ..........
Retired pay ................. ....... .
O their ......... ..... ......

Total-Coast Guard .......... ... ..

Maritime Administration:
Public enterprise funds ............... ..
Operating-differential subsidies ................... .
O the r .... ... .......... ..... ....... ..
O their .... ....... .. ..... ... .............
Proprietary receipts from the public ............ .. .
Intrabudgetary transactions .... .......... ............

Total-Department of Transportation ............

Department of the Treasury:
Departmental Offices ...........................
Office of Revenue Sharing:
Salaries and expenses ...........................
General Revenue Sharing ........ ....... .........
Federal Law Enforcement Training Center ..............
Financial Management Service:
Salaries and expenses .... .......... ...........
Claims, Judgements, and Relief Acts ..... ..........
Energy Security Reserve .. ............ .
O their ........ .......... .

Total-Financial Management Service ..............

Federal Financing Bank:
Oregon Veterans Housing .....................
Other ................................. ... ..
Bureau of Alcohol, Tobacco and Firearms .............
United States Customs Service .............. ...
Bureau of Engraving and Printing ..... ........ .. ..
United States Mint .................. ...........
Bureau of the Public Debt .... ........ ... ..


.. $119 ...... $119 $159 $2 $157
-$73 ( -) $73 -44 $5 -49 51 (") 51

-73 (") -73 75 5 70 210 2 208


277
4

107
124
17
(*")

248


89
.. 75
49

. ..... 277
4
.... 4

.... 107
...... 124
. 17
..... (* )*)

. ..... 248

529


805 805 628
9 9 24 .....

249 249 321
238 238 200
34 34 66
(") (**) 132

521 ... 521 719


191 ... 191 512 512 445 445
6 6 86 86 111 111
27 ...... 27 82 82 84 84
16 (") 16 42 1 40 25 1 24

241 (") 241 721 1 720 665 1 664


36 $57 -21 81 115 -33 199 72 128
32 ... 32 67 67 69 69
7 ..... 7 22 ..... 22 22 22
3 2 1 42 4 38 47 4 43
1 -1 ... 10 -10 19 -19
(**) ...... (') -4 -4 1 ... 1

2,260 59 2,200 6,822 134 6,688 6,759 97 6,662


-503 .. -503 -1,058 -1.058 -44 -44

(* *) ...... (* ) (* *) (* ) 1 1
.. .. .. (**) (" ) 2 2
3 ...... 3 7 7 4 4

19 ... 19 55 55 52 52
21 .. 21 42 42 58 58
4 4 14 .14 14 14
(*") ...... (") 11 11 61 61

44 ... 44 121 121 185 185



2,114 1,430 684 3,511 3,129 382 1,748 1.721 27
13 .. 13 56 56 47 47
85 ..... 85 346 346 209 209
-15 ..... -15 -19 -19 -15 -15
12 ..... 12 48 48 47 47
11 ... 11 38 38 45 ..... 45


Table continued on next page.






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Out Gross Applicable Outlays Gross Applicable Outlays
Outlays Receipts a Outlays Receipts Outlays Receipts

Department of the Treasury:-Continued
Internal Revenue Service:
Salaries and expenses .. ......... $6 $6 $24 ... $24 $23 $23
Processing tax returns ... 98 98 351 ..... 351 299 .. 299
Examinations and appeals ....... ....... 120 .. 120 460 460 388 .... 388
Investigation, collection and taxpayer service 102 102 334 .. 334 277 277
Payment where credit exceeds liability for tax ..... 4 .4 13 13 17 17
Refunding internal revenue collections, interest ..... 134 ... 134 344 344 465 .... 465
Internal revenue collections for Puerto Rico .... 33 33 65 ...... 65
Other .......... ........ .. 1 (" ) ( ") 3 $1 1 1 $1 ( *)

Total-Internal Revenue Service ........ 4. 464 (") 464 1,563 1 1,562 1,534 1 1,534

United States Secret Service. ....... 25 25 92 .... 92 80 .. 80
Comptroller of the Currency... ......... 18 $2 16 55 3 53 50 8 42
Interest on the public debt:
Public issues (accrual basis) .. .. 14,237 14,237 41,586 ... 41,586 38,906 ...... 38,906
Special issues (cash basis) ....... ..... 16,118 ... 16,118 19,506 19,506 16,593 ..... 16.593

Total-Interest on the public debt ......... 30,355 30,355 61.093 ... 61,093 55.499 55,499

Proprietary receipts from the public ............ .. 206 -206 .... 694 -694 .... 993 -993
Receipts from off-budget Federal entities .. 424 .... -424 -424 -424 -300 ..... 300
Intrabudgetary transactions ......... -1,481 ...... -1,481 -4,811 -4,811 -5,006 ...... -5,006

Total-Department of the Treasury ................ 30,722 1,638 29,084 60,620 3,827 56,793 54,084 2,723 51,361

Environmental Protection Agency:
Salaries and expenses. ...... 75 75 195 195 175 175
Research and development .. ...... 17 17 50 50 54 54
Abatement, control, and compliance .. ... 43 43 129 129 114 .. 114
Construction grants .. ... ..... .. 212 212 662 662 834 ...... 834
Hazardous substance superfund ..... .. 68 68 174 174 109 109
Other .. ........ ..... ... .1 (") 1 -111 (') -111 201 (") 201
Proprietary receipts from the public .. 1 -1 ... 3 -3 ... 3 -3
Intrabudgetary transactions ..... (*) ( ") 114 114 -200 .. -200

Total-Environmental Protection Agency ........... 416 1 415 1,214 3 1,210 1,287 3 1,284

General Services Administration:
Real property activities ..... .. .... 241 241 54 54 10 10
Personal property activities ... 22 22 15 15 -146 .. -146
Information Resources Management Service ....40 40 -24 -24 4 .... 4
Federal Property Resources Activities .. .. 8 .. 8 13 13 116 116
General activities .. .. ........ .. 16 16 36 36 30 30
Proprietary receipts from the public ... ... 3 -3 51 -51 .. 8 -8
Other. .............. ....... ... 25 -25 -5 5 -7 7

Total-General Services Administration ............ 327 28 299 95 46 49 14 2 12

National Aeronautics and Space Administration:
Research and development ........ .. 259 259 851 .. 851 627 .. 627
Space flight, control, and data communications .424 .424 1,278 .... 1,278 977 .. 977
Construction of facilities ...... ..... 14 14 34 .. 34 42 .. 42
Research and program management ..... .... 146 146 387 387 352 ...... 352
Other .... ..
Total-National Aeronautics and Space
Administration ................. .... ........ 843 .... 843 2,551 ..... 2,551 1,998 ...... 1,998

Office of Personnel Management:
Government payment for annuitants, employees
health benefits ... .... 144 144 432 432 319 319
Payment to civil service retirement and disability fund .
Civil service retirement and disability fund 2.203 2.203 6,646 6.646 6,027 .. 6,027
Employees health benefits fund .... .... 649 667 17 1,940 1,943 -3 1,671 1,627 44
Employees life insurance fund .. .. ..77 92 15 254 425 -171 235 404 169
Retired employees health benefits fund .... 1 1 (") 3 2 (") 4 4 (")
Other .. 13 13 22 22 40 40
Intrabudgetary transactions
Civil service retirement and disability fund:
General fund contributions
Other .. -3 3 -8 -8 -9 9

Total-Office of Personnel Management ........... 3,084 760 2,324 9,289 2.371 6,918 8,288 2,035 6,253
Table continued on next page.






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts Outlays


Small Business Administration:
Public enterprise funds:
Business loan and investment fund
Disaster loan fund .. .. .....
Other .............. .
O their .. .........


$71 -$13
75 -62
1 1
30


$322 $225 $97 $500 $355 $145
166 187 -21 220 206 15
11 4 8 9 5 3
79 79 73 ...... 73


Total-Small Business Administration .............

Veterans Administration:
Public enterprise funds:
Loan guaranty revolving fund ...
Direct loan revolving fund .....
Other
Compensation and pensions
Readjustment benefits ...........
Medical care ...... ..........
Medical and prosthetic research
General operating expenses. .....
Construction projects ...........
Post-Vietnam era veterans education account
Insurance funds:
National service life
United States government life ..
Veterans special life ...........
O their ........
Proprietary receipts from the public:
National service life .
United States government life
Other
Intrabudgetary transactions

Total-Veterans Administration ...................

Independent agencies:
A action .. .... .. .........
Board for International Broadcasting .
Corporation for Public Broadcasting
District of Columbia:
Federal payment ..
Proprietary receipts from the public ....
Equal Employment Opportunity Commission
Export-Import Bank of the United States
Federal Communications Commission
Federal Deposit Insurance Corporation .
Federal Emergency Management Agency:
Public Enterprise Funds .
Salaries and expenses .. .....
Emergency management and planning assistance
Emergency food distribution and shelter program
Federal Home Loan Bank Board:
Public enterprise funds:
Federal Home Loan Bank Board revolving fund
Federal Savings and Loan Insurance Corp. fund
Federal Trade Commission .. ..
Federal Retirement Thrift Investment Board .
Intragovernmental agencies:
Appalachian Regional Commission .. ...
Washington Metropolitan Area Transit Authority ...
Other .. ....
Legal Services Corporation .......
National Archives and Record Administration .. .
National Credit Union Administration:
Central liquidity facility ...
O the r ....... ... ........


102 147 -45 577 416 162 802 565 236



217 72 145 680 381 299 489 414 76
2 4 -2 5 11 -5 6 13 -7
27 68 -41 111 139 -28 121 146 -24
2,342 2. 342 4,738 ...... 4,738 4,708 ..... 4,708
128 128 224 ..... 224 273 ..... 273
1,032 .... 1,032 2,617 2,617 2,426 ... 2,426
21 .21 56 56 49 ..... 49
69 69 222 222 200 .... 200
48 48 137 137 124 ..... 124
48 48 97 97 95 95

84 84 247 247 236 ...... 236
3 3 9 9 10 ...... 10
7 57 -50 17 65 -49 16 61 -45
12 .. 12 28 ... 28 37 ..... 37

33 -33 ... 99 -99 ..... 109 -109
('') ( *) (' ) ( ) .. ( ) (" )
36 -36 111 111 ..... 91 -91
(') ).... -79 .. -79 -38 ... -38


4,040


269 3,771 9,109 806 8,303 8,752 834


15 37
1 37
214


230
30
19 46 .. .
173 553 1,139
8 27 5
260 3,337 2,200


24 -7
12
21
2


4 (**)
1,694 -1,442
5
81 -80

(*) 9
26
(" ) (*)
2
16


7,918


37 37
37 45
214 200


230 179
-30 ...... 33
46 41 ..
-587 634 976
22 24 .
1,136 1,609 1,591


79 -39
39
71
1


14 13
728 2,748
17 .
2 231

39 (*")
26
1 (")
30
22


59 119
30
65 .
-1


1 1 11
2,019 1,371 661
17 21 ..
-229 (*) ...

39 37 (")
26 26
1 1
30 66 ..
22 20 ..


17 21 -5 104 98 7 40 41 -1
6 6 (*) 85 11 73 21 14 7


Table continued on next page.


1






Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable O
Outlays Receipts Outlays Outlays Receipts a Outlays Receipts Oay


Independent agencies:-Continued
National Foundation on the Arts and the Humanities:
National Endowment for the Arts ....................
National Endowment for the Humanities ..............
Institute of Museum Services .................... .
National Labor Relations Board ......................
National Science Foundation ........................
Nuclear Regulatory Commission ......................
Panama Canal Commission ..........................
Postal Service:
Public Enterprise Funds ...........................
Payment to the Postal Service Fund .................

Railroad Retirement Board:
Federal windfall subsidy ...................... ...
Federal payments to the railroad retirement accounts...
Milwaukee railroad restructuring, administration .......
Railroad retirement accounts:
Social Security Equivalent Benefit Account..........
Benefits payments and claims ............... ....
Advances to the railroad retirement account from the
FOASI trust fund ............. .......... ..
Advances to the railroad retirement account from the
FD I trust fund .................................
Disbursements for the payment of FOASI benefits....
Disbursements for the payment of FDI benefits ......
Administrative expenses .........................
Interest on refunds of taxes ... ............. .
Other ................. ...... ...............
Intrabudgetary Transactions:
Railroad retirement account:
Payments from other funds to railroad retirement
trust funds .... ...........
Interest on advances to railroad accounts..........
Repayment of advances by railroad retirement board .
Federal payments to the railroad social security
equivalent benefit account .....................
Federal payments to the rail industry pension fund ...

Total-Railroad Retirement Board ...................

Securities and Exchange Commission .................
Smithsonian Institution ................. .... .........
Tennessee Valley Authority ..........................
United States Information Agency ................... ..
United States Railway Association .................. .
Other independent agencies ...........................

Total-Independent agencies ....................

Undistributed offsetting receipts:
Other Interest ................
Employer share, employee retirement:
Legislative Branch:
United States Tax Court:
Tax court judges survivors annuity fund ..........
The Judiciary:
Judicial survivors annuity fund ...................
Department of Defense-Civil:
Military retirement fund .............. .. ....
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund
(OFF-BUDGET) .... ................ ... ..
Federal disability insurance trust fund
(OFF-BUDGET) ..... ......... ...............
Federal hospital insurance trust fund ..............
Department of State:
Foreign Service retirement and disability fund ......
Office of Personnel Management:
Civil Service retirement and disability fund ........
Independent Agencies:
Federal Retirement Thrift Investment Board:
Thrift Savings fund ....... ........

Subtotal .. ...... ....

Table continued on next page.


8 ...... 8 29 .. ...
( *) ...... (* ) 5 .....
12 ..... 12 36 ......
94 ...... 94 349 ..
26 ...... 26 96 ..
37 $37 (*) 115 $113

32,829 2,915 -85 8,795 8,505
... ...... 129 ......


962
577

-193

-10
195
10
15
2
("")


...... $38
28
...... 5
.. 33
.. 351
.. .... 94
$109 15


290 8,300
129 163


962
577

-193

-10
195
10
15
2
("*)


947
565

-185

-12
185
11
14
(* )
(")


...... ...... ...... 12 -12 -84 ...... -84
...... ...... ...... 100 ... -100 17 .. -17

546 ...... 546 1.649 ...... 1,649 1,621 ..... 1,621

12 ...... 12 31 31 28 .... 28
25 ...... 25 62 ..... 62 57 57
529 425 104 1,588 1,249 339 1,679 1,211 469
66 ("*) 66 195 (") 195 193 (*) 193
.... ... .. .. .... 12 (" ) 12
42' 4 38 168 10 157 262 13 249

6,272 6,380 -108 18,985 16,432 2,553 17,513 14,042 3,471


...... (" ) (* ) ...... (") ( ) .. 901 -901



..... (" ) (* ) ( ) (**)

.... .- ...... 1

-1,489 .... -1,489 -4,538 ...... -4,538 4,411 ... 4,411


-308 ...... -308 -924 ..... -924 -687 ...... -687

-29 ..... -29 -87 .... -87 -66 .... -66
-136 ...... -136 -408 ..... -408 -408 ...... -408

-6 ...... -6 -15 .... -15 -13 .. -13

-538 ...... -538 -1,629 ...... -1.629 -1,174 ... -1,174


-29 ...... -29 -75 ...... -75. .

-2,536 ..... -2,536 -7.675 -7.675 -6,760 6,760





Table 5. Outlays of the U.S. Government, December 1987 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gros Applicable Gross Applicable Gross Applicable ays
Outlays Receipts Out Outlays Receipts Outlays Receipts Ou


Undistributed offsetting receipts:-Continued
Interest received by trust funds:
The Judiciary:
Judicial survivors annuity fund ....................
Department of Defense-Civil:
Education benefits fund .. ...........
Military retirement fund .. ............... ......
Soldiers' and Airmen's Home permanent fund .... .
Corps of Engineers ................. .........
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund
(OFF-BUDGET) .... ........ .........
Federal disability insurance trust fund
(OFF-BUDGET) ...............................
Federal hospital insurance trust fund ..............
Federal supplementary medical insurance trust fund..
Department of Labor:
Unemployment trust fund ................. .. ..
Department of State:
Foreign Service retirement and disability fund .......
Department of Transportation:
Airport and airway trust fund ....................
Highway trust fund ............ ................
Environmental Protection Agency:
Other ................................. .... .
Post-closure liability trust fund ................. .
Office of Personnel Management fund:
Civil Service retirement and disability fund ..........
Veterans Administration:
United States government life insurance fund........
National service life insurance fund ................
Independent agencies:
Federal Retirement Thrift Investment Board:
Thrift savings fund ................. ... ......
Railroad Retirement Board:
Railroad retirement account ....................
Other .....................................

Subtotal .............. ....... .......... .

Unrealized Discount on trust fund investments ..........
Rents and Royalties on the Outer Continental Shelf lands .
Sale of major assets .... ....... ........

Total-Undistrlbuted offsetting receipts ............

Total outlays ..................................

Total On-Budget ..............................

Total Off-Budget ......... .................

Total Surplus (+) or Deficit ......................

Total On-Budget ............... ........ .

Total Off-Budget.............................


(* )
$13
5
-16


-2,741

-297
-2.285
-319

-1,134

-172

-414
-466

(")
-1

-8,296

-8
-478


-8

-31
-6

-16.654

6



-19,185

125,192

93,296

31,896


(*"*)
$13
5
-16


-2,741

-297
2,285
-319

.. -1,134

S..... -172

.... -414
... .. -466
...... (* *)
-1

.. -8,296

-8
...... -478


-8

-31
-6

...... -16,654

..... 6
$234 -234


234 -19,419

15,791 109,401

15,791 77,505

(** ) 31,896

-23,876
- -----:'-'i:-:
9.860

14.016


-$2

-13
-1,832

-16


2,823

-306
-2,329
-360

-1,100

-173

-424
-523

(**)
-1

-8,381

-8
-481


-21

-194
-18

-19,005

2



-26,678

326,812

261,960

64,851


S -$2

-13
.... -1.832

-16


-2,823

-306
-2,329
-360

-1,100

.. -173

-424
.. -523

...... (* *)
-1

-8.381

-8
-481


$772


773

41,559

41,559

(")


-21

-194
-18

-19,005

2
-772


-27,451

285,252

220,401

64,851

- 80.386

-66.133

- 14.253


-$2

-8
-1,351
-4
9


-$2

-8
. -1,351
-4
9


1,927 ......

-386 ......
1,841 ....
-503 ...

47 ...

-151 ...

-420 ......
-575 ..




-7,416 ......

9 ......
-465 ......


-101
-7

-15,149

-2



-21,911

291,057

244,748

46,309


-1,927

-386
-1,841
-503

7

-151

-420
-575


1

-7,416

-9
-465


...... 101
.. -7

...... -15,149

. ..... -2
$1,857 -1,857
200 -200

2,959 -24,869

36,451 254,606

36,451 208,297

(**) 46,309

64.592

-65.581

S989


MEMORANDUM

Receipts offset against outlays (In millions)
Current
Fiscal Year Comparable Period
to Date Prior Fiscal Year

Proprietary receipts ................. ...................... $8,443 $9,183
Receipts from off-budget Federal entities .................... 424 300
Intrabudgetary transactions ............... ................. 50,444 43,185

Total receipts offset against outlays ........... ...... ..... 59,311 52,668

'Social Security payments for January 1988 paid in December 1987.
includes FICA and SECA tax credits, non-contributary military service credits, special benefits for the aged, and credit for unnegotiated OASI benefit checks.
3The Postal Service figure represents reporting for the full calendar month of December and is partially estimated. This estimate includes $532 million for postal money orders between December
19th and 31th
41nterest of $954 million for the month of December 1986 was included in January 1987.


r111


~_r_~

1 _


I


t


I






Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, December 1987 and Other Periods
(in millions)

Net Transactions Account Balances
Assets and Liabilities (-) denotes net reduction of either Current Fiscal Year
Directly Related to liability or asset accounts
Budget and Off-budget Activity
Fiscal Year to Date Beginning of
This Month Close of
This Year Prior Year This Year This Month


Liability accounts
Borrowing from the public:
Public debt securities, issued under general financing authorities:
Obligations of the United States, issued by:
United States Treasury ...... ...... .... ........ ..
Federal Financing Bank .. .. .. ...

Total public debt securities .................. .........

Agency securities, issued under special financing authorities
(See Schedule B. For other agency borrowing, see Schedule C) .....

Total federal securities ............................ ........

Deduct:
Federal securities held as investments of government accounts
(See Schedule D) ............ ....... ... ....

Total borrowing from the public ................ ........

Accrued interest payable to the public ... .........
Allocations of special drawing rights ....... .. ... ....
Deposit funds ................................. ...........
Miscellaneous liability accounts (includes checks outstanding etc.).......

Total liability accounts .................................

Asset accounts (deduct)
Cash and monetary assets:
U.S. Treasury operating cash:'
Federal Reserve account ....... ........... ..
Tax and loan note accounts ... ...

B balance ... .................

Special drawing rights:
Total holdings .... .... ... . ... ..
SDR certificates issued to Federal Reserve Banks .........

B balance .. ... ... .............. ... ..

Reserve position on the U.S. quota in the IMF:
U.S. subscription to International Monetary Fund:
Direct quota payments ........ .. .. ......
Maintenance of value adjustments ..........................
Letter of credit issued to IMF .. ... .......
Dollar deposits with the IMF .... ..... ..... .......
Receivable/payable (-) for interim maintenance of value adjustments

Balance ........................................

Loans to International Monetary Fund ............. ........
Other cash and monetary assets .................... ..

Total cash and monetary assets ... ......

Miscellaneous asset accounts ... ............. .........

Total asset accounts ............... ................

Excess of liabilities (+) or assets (-) ....... .... ... ..........

Transactions not applied to current year's surplus or deficit
(See Schedule A for details) .. .. .....

Total budget and off-budget federal entities
[Financing of deficit (+) or disposition of surplus (-)] ............


$22,144 $81,593
1ZC


$89.531 $2.335,277 $2,394,727 $2,416,870


. .-.. . 15,000 1484 14845

22,144 81,438 89,531 2,350,277 2,409,572 2,431,715


-362 -491 71 4,009 3,880 3,518

21,781 80,947 89,603 2,354,286 2,413,452 2,435.233



12,016 20,296 20.236 458,172 466,452 478,468

9,766 60,651 69,366 1,896,114 1,947,000 1,956,766

5,869 -1,345 -1,347 31,712 24,498 30,368
220 681 48 6,270 6,731 6,951
866 -262 -1,684 9.104 7,977 8,842
8,313 4,747 -5,465 14,039 10,472 18,785

25,034 64,472 60,918 1,957,239 1,996,678 2,021,712




1,718 -3,807 74 9,120 3,595 5,313
-501 -10,260 -512 27,316 17,556 17,056

1,218 -14,067 -438 36.436 21,151 22,369


346 1,204 100 9,078 9,937 10,283
.............. ... -5,018 -5,018 -5,018

346 1,204 100 4,060 4,919 5,265



....... ...... .. 19,699 19,699 19,699
804 2,491 175 3,230 4,917 5,721
-321 -601 -170 -12,855 -13,135 -13,456
-8 4 5 -66 -54 -62
-462 -1,403 -90 257 -684 -1,146

13 491 -80 10,265 10.742 10,756

-33 -54 -104 642 621 589
490 -1,302 -137 9,408 7.616 8,106

2,035 -13,727 -659 60,811 45.049 47.084

-837 -2,049 -2,904 15,822 14,610 13,773

1,198 -15,776 -3,563 76,633 59,659 60,857

+23,836 + 80,248 +64,481 +1,880,606 +1,937,019 +1,960,854


40 139 111 98 139


+23,876 +80,386 +64,592 +1,880,606 +1,937,117 +1,960,993


'Major sources of information used to determine Treasury's operating cash include the Daily Balance Wires from Federal Reserve Banks. reporting from the Bureau of Public Debt. electronic
transfers through the Treasury Financial Communications System and reconciling wires from Internal Revenue Service Centers Operating cash is presented on a modified cash basis, deposits are
reflected, as received, and withdrawals are reflected as processed
No transactions
Note Details may not add to totals because of rounding
Source Financial Management Service, Department of the Treasury







Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, December 1987 and
Other Periods (in millions)

Fiscal Year to Date
Classification This Month
This Year Prior Year


Excess ol liabilities beginning of period
Based on composition ot unlied oudgel in preceadng perioo $1 93' 019 $1 880606 $1 "32 82'
Adjustments during Current IScal ,ear for changes ,r,
composition of unified buOgel
Classaicalton of FDIC securities as budgetary transacltons 442

Excess of IaDoIte beginning of perioo iturrent Das-si 1 93'019 1 880 606 1 733 270
Budget surplus I I or deltcil
Based on composltion of unified Duogei in prior fiscal year 23 8'6 80 386 64 592
Changes ,n composition o' un.iied Duagei

Total surplus I I or aeliclI TalDe 21 23 876 80 386 64 592

Total-on Dudget iTable 21 9 860 66 133 65 581

Total-oh budget iTabie 21 14 016 14 253 989

Transactions not applied to current year s surplus or delicit
Seign.orage 31 120 109
Increment on Gold
Proceeds from currency
Profit on sale of gold
Net gain losss for IMF loan .aluatlon adjustment -9 19 3

Total-triansaclons not Ipplied t10 current year 9
surplus or deficIt -40 139 -111

Excess of liabilities close of period 1.960.854 1.960.854 1.797.751




Table 6. Schedule B-Securities issued by Federal Agencies Under Special Financing Authorities, November 1987 and
Other Periods (in millions)

Net Transactions
(-)denotes net reduction of Account Balances
liability accounts Current Fiscal Year
Classification
Fiscal Year to Date Beginning of
This Month This month
This Year Prior Year This Year This Month


Agency securities, issued under special financing authorities:
Obligations of the United States, issued by:
Export-Import Bank of the United States ..... ..... ... ...... (" ) (") (") (")
Federal Deposit Insurance Corporation ................... -$12 -$145 $255 $200 $67 $56
Obligations guaranteed by the United States, issued by:
Department of Defense:
Family housing mortgages ....... .. ......... -2 -2 -4 15 15 13
Department of Housing and Urban Development:
Federal Housing Administration ........ .............. 1 5 21 178 182 183
Department of the Interior:
Bureau of Land Management .................... ............... -1 13 13 13
Department of Transportation:
Coast Guard:
Family housing mortgages ................... .. ........ (") ( ) (")
Obligations not guaranteed by the United States, issued by:
Department of Defense:
Homeowners assistance mortgages ........ .......... ... ......... 1 (") 7 8 8
Department of Housing and Urban Development:
Government National Mortgage Association ................ 350 -350 .. .. 1,965 1,965 1.615
Independent agencies:
Postal Service ........ ................... ..... .. .. 250 250 250
Tennessee Valley Authority ...... ........................ .................. -200 1,380 1.380 1.380

Total agency securities ................................. -362 -491 71 4,009 3,880 3,518

S.No transactions.
(")Less than $500,000
Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.







Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
December 1987 and Other Periods (in millions)


Borrowing from the Treasury:
Housing and Other Credit Guarantee Program, AID .................
Commodity Credit Corporation .............. .. .............
Commerce Fishing Vessels NOAA ........................
Export-Import Bank of the United States ......... ..........
Federal Emergency Management Agency:
National Insurance Development Fund ..........................
Federal Financing Bank .................. .............. ... .
Federal Housing Administration:
General insurance ......................... .........
Special risk insurance ...... ... ... ... .....
General Services Administration:
Pennsylvania Avenue Development Corporation ................
Rural Communication Development Fund .. ......... ......
Rural Electrification Administration ............... .... .....
Rural Telephone Bank ........................ .... ....... .
Secretary of Agriculture, Farmers Home Administration:
Rural housing insurance fund .............. .........
Agricultural credit insurance fund ................... .... .....
Rural development insurance fund ..... .....................
Federal Crop Insurance Corp .... .. ..... ....... .
Secretary of Education:
College housing loans ..... ... ..... ..... ..........
Secretary of Energy:
Alternative fuel production, DOE ..........................
Bonneville Power Administration .................. ........
Secretary of Housing and Urban Development:
Housing for the elderly or handicapped .. .. .........
Low-Rent Public housing .................. ..................
Urban renewal fund .......................
Secretary of the Interior:
Bureau of Mines, helium fund ................ .............
Railroad retirement account............. .....................
Railroad retirement social security equivalent fund ..... ... ....
Secretary of Transportation:
Aircraft purchase loan guarantee program ..... ...
Federal ship revolving fund ... .... ...............
Railroad revitalization and improvement .......................
Rail service assistance .. ....................... ....
Regional rail reorganization ............. ... .... .........
Smithsonian Institution:
John F. Kennedy Center parking facilities .......... .........
Tennessee Valley Authority .............. ..................
Veterans Administration:
Veterans direct loan program .. ....... ........
O cean Freight ............ ........ ........ ...........

Total agency borrowing from the Treasury
financed through issues of public debt securities ..........


....... ... ... -$7,452 $20 $20 $20
$1,532 -$6,787 ......... 20,969 12,650 14,182


. .. 1
-6,303 -6,538

150 225
40 60


47


90

320


106


-1,845
-1,298
-135


S150
100 200


20 20
150 150


1,730
16


-3,812 -15,276 -10,587 211,875 200,411


98
140,551


50
25
7,924
759

4,081
9,457
2,441
113

2,049


98
134,248


50
25
7,971
759

4,171
9,457
2,761
113


39


-1,975
-945
-345







275
-90


97
140,786

1,521
1,915

50
25
7,865
759

6,016
10,755
2,896
113

2,049


1,844

5.901
1,300


252
2,128
2,144

6
420


128


212 590 558


45


1,844

6,051
1,400


252
2,128
2,522


128


196,599







Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
December 1987 and Other Periods (in millions)-Continued

Transacts Account Balances
Current Fiscal Year
Classification Fiscal Year to Date Beginning of Close of

TsM tThis month
This Year Prior Year This Year This Month


Borrowing from the Federal Financing Bank:
Funds Appropriated to the President:
Foreign military sales ......................... ........ -$4 -$810 $48 $19,164 $18,358 $18,354
Overseas Private Investment Corporation ......... .. .... ................. 1 1 1
Department of Agriculture:
Rural Electrification Administration ............................ -193 -176 220 25,438 25,456 25,262
Farmers Home Administration:
Agriculture Credit Insurance Fund ............. ......... -100 -175 ......... 28,010 27,935 27,835
Rural Housing Insurance Fund ... ........................ -2,980 -2,980 ....... 28,951 28,951 25,971
Rural Development Insurance Fund ................ ....... -2,180 -2,180 ......... 8,048 8,048 5,868
Department of the Navy .... .. ............ .......... -16 1,788 1,788 1,788
Department of Education:
Student Loan Marketing Association ................ ................ 4,940 4,940 4,940
Department of Health and Human Services, Except Social Security:
Medical Facilities Guarantee and Loan Fund .......... ... ..... ......... ......... 192 192 192
Department of Housing and Urban Development:
Low Rent Housing Loans and Other Expenses .................. ......... -39 -37 2,074 2,035 2.035
Community Development Grants .......... ... ............. -2 -1 16 355 356 354
Department of Interior:
Territorial and International Affairs ........ .......... (") (*) (") 60 60 60
Department of Transportation:
Grants to National Railroad Passenger Corporation ........... 1 -2 1 55 53 54
General Services Administration:
Federal Buildings Fund .................. ..... ..... -3 -4 -3 395 395 392
National Aeronautics and Space Administration:
Space Flight, Control and Data Communications .................. ......... 141 -79 809 949 949
Small Business Administration:
Business Loan and Investment Fund ... .......... ........ -8 -18 -41 1,662 1,652 1.644
Independent Agencies:
Export-Import Bank of the United States ........................ -492 -492 -64 12,463 12,463 11.971
National Credit Union Administration ..... ........ ...... -5 7 -1 111 123 118
Postal Service ............. ... ................... ..... 1,500 1,500 ...... 4,353 4,353 5,853
Tennessee Valley Authority ................................... 34 396 594 18.210 18,572 18,606
Washington Metropolitan Transit Authority .................. .... ........ ................. 177 177 177

Total borrowing from the Federal Financing Bank .......... -4,433 -4,833 635 157,258 156,858 152,425

Note: This table has been expanded to include lending by the Federal Financing Bank accomplished by the purchase of agency financial assets, by the acquisition of agency debt securities,
and by direct loans on behalf of an agency. The Federal Financing Bank borrows from Treasury and issues its own securities and in turn may loan these funds to agencies in lieu of agencies borrowing
directly through Treasury or issuing their own securities.

Note: Details may not add to totals because of rounding.
Source: Financial Management Service. Department of the Treasury.
No transactions
(*) Less than $500.000







Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 1987 and
Other Periods (in millions)


Federal funds:
Department of Agriculture ........
Department of Commerce ........ ....
Department of Energy .. ...
Department of Health and Human Services ...
Department of Housing and Urban Development:
Federal Housing Administration:
Federal Housing Administration fund:
Public debt securities .. ...
Agency securities .........
Government National Mortgage Association:
Management and liquidating functions fund:
Public debt securities .. ..
Agency securities ... .
Guarantees of mortgage-backed securities:
Public debt securities ... .
Agency securities .. ..
Participation sales fund:
Public debt securities
Agency securities ..
Housing Management:
Community disposal operations fund:
Agency securities .
O th e r .. . .
Department of the Interior .
Department of Labor .............

Department of Transportation ..............

Department of the Treasury .. .
Veterans Administration:
Veterans reopened insurance fund

Independent agencies:
Export-Import Bank of the United States
Federal Emergency Management Agency:
National insurance development fund .......
Federal Savings and Loan Insurance Corporation-
Public debt securities ......
Agency securities .....
Postal Service.
National Credit Union Administration ..
O their .... .......

Total public debt securities
Total agency securities .

Total Federal funds ......................

Trust funds:
Legislative Branch:
United States Tax Court
Library of Congress ..

The Judiciary:
Judicial survivors annuity fund .. .
Funds Appropriated to the President .

Department of Agriculture

Department of Commerce
Department of Defense-Military
Department of Defense-Civil
Other ........
Department of Health and Human Services
Federal old-age and survivors insurance trust fund:
Public debt securities
Agency securities
Federal disability insurance trust fund
Federal hospital insurance trust fund:
Public debt securities
Agency securities
Federal supplementary medical insurance trust fund
Other
Table continued on next page.


$1 $6 $6
$1 $2 -1 15 19
12 74 30 1,506 1,592
-5 -2 10 12 15


$6
18
1,580
10



6,399
105


-83 672 6,482
-29 (**) 134


24 14
(**)

89 70
3 4


32 2,164
12


S (")
-330 -2,820
20 -39


1,150


9

1,618

17


274

50

2,055

801
-56
24


2,206
12



(")
1,234
468


2 160 164


187 2,945


3,413


19 627 620


1,862




(")
919
499

169

4,563

644


717

246

2,881
55
5,389
1,505
1,267


1,456

231

941
55
3.596
1,506
1,323


3.335 4,283 -1,874 26,098 27,045 30,380
-26 -38 4 290 278 252

3,309 4,245 -1,870 26,388 27,323 30,632


(" ) (")
(") 1 2


2 1 119
S1 (**) 1


-1
-72
7


4.396


-2
9,131
55


4,048


434 -1,061


2,979
75
2.908
('')


8 8
30,637 39.841
769 816


1,751 58.356 58,704


531 7,193


3,271
75
2.242
1


50.374
405
6,166
5


6.566

50,666
405
5.500
5


6
39.769
823


54.308

6,132

53,646
330
8,408
5






Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 1987 and Other Periods
(in millions)-Continued


Trust funds:-Continued
Department of the Interior ........ .
Department of Labor:
Unemployment trust fund ...........
O the r . . . .
Department of State:
Foreign service retirement and disability fund ..
Other ... .... ........ ...
Department of Transportation:
Airport and airway trust fund .. ....
Highway trust fund ................... ..
Other ......... ....... ........
Department of the Treasury .......
Environmental Protection Agency.......
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities ......... ... .
Agency securities ............ .
Employees health benefits fund. .........
Employees life insurance fund .................
Retired employees health benefits fund .......
Veterans Administration:
Government life insurance fund .......
National service life insurance:
Public debt securities ............
Agency securities .. .
Veterans special life insurance fund ....
General Post Fund National Homes .. ..
Independent agencies:
Federal Deposit Insurance Corporation .
Harry S. Truman Memorial Scholarship Trust Fund.
Japan-United States Friendship Commission ..
Federal Retirement Thrift Investment Board ...
Railroad Retirement Board ............
O their .......... .. ........


$4 $20 -$25 $212 $235 $232


160 165
(* ) (*")

440 684
398 665
5 6
-20 -55
-9 102


.238 4.753
-75 -75
23 8
15 196
(**)


397 27,917
-9 33

109 3,474
("*)


418
1,300
-36
-35
-57


9,131

-45
169
-2


9,937
12,691
363
134
737


176,748
175
1.208
8,078
2


29.062
27

3,479
1

10,181
12,958
364
99
849


174,262
175
1,192
8,258
2


3 222 216


411 320 313 9,990
135
48 47 44 1,093
(*) (") 21

272 -1,264 234 17,040
1 1 (") 45
(") 17
122 358 727
-34 132 206 6,688
2 2 2 47


9,899
135
1,091
21

16,049
45
17
963
6,854
48


Total public debt securities .. .........
Total agency securities .. ..

Total trust funds ......................................

G rand total ..................................................


8,857 16.201 22,106 431,069 438.414 447,270
-150 -150 715 715 565

8,707 16,051 22,106 431,784 439,129 447,835

12,016 20,296 20.236 458,172 466,452 478,468


... No transactions
(")Less than $500,000
Note: Investments are in public debt securities unless otherwise noted.
Note: Details may not add to totals because of rounding
Source: Financial Management Service, Department of the Treasury


28,401
19

3,639
(*")

10,621
13,356
369
80
839


181,501
100
1,215
8,274
2

218

10,310
135
1.139
21

15,776
46
17
1,086
6,820
50






Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)


Com-
Fiscal
Year parable
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. o Period
Prior
Date F.Y.


Receipts
Individual income lanes
Corporalion incomee taxes
Social insurance taxes ana
ContrlDulionS
Employment tlaes and
ConiriDutions
Unemployment insurance
Other retirement contruulions
Excise taxes
Estate and gift taxes
Customs duties
Miscellaneous receipts

Total-budget receipts this year

(On-budget) .

(Off-budgel)

Todta-oudei rt 'erpt pesur "cj,

lO.n udgec J



Outlays
Legislative Brancn
The Juadicary
Executive Ofttce of Ite Presoent
Funds Appropr,aled to ine President
International securilv assistance
International deelopmenlt ssslan:ce
Otner
Department of Agriculture
Foreign assistance special export
programs and Commoadty Creail
Corporation
Other
Department of Commerce
Department oi Defense
Military
Department of the Army
Department of me Navi
Department or trie Air Force
Defense agencies

Total Military

C l'l
Department of Educatlon
Depanment of Energ,
Department of Health ana Human
Ser..ces except Socal Securl.,
Public Health Serv.ce
Health Care Financing
Aaminstraton
Grants to States lor Medcao
Federal hO.-opit ins trust furn
Federal SuPD med ins trust
fund
Otner
Social Secur.l Aam.rnstraton
Family Support Admnistlra3lon
Human Development Serv~ce
Other
Department of Healnt and Human
Services Soc.al Securily
Federal old age and sur.vors ins
trust lund
Federal o5S.,Dhltif ,ns IruSl
tund
Other


$32 429 $25 039 36 53
1 855 1 667 1 '48


20 '91
956
431
2 574
608
1 317
1 392


20 725
2667
364
2854
61'
1 247
1 80'


22 735
170
45'
3838
540
1 361
2 141


$94 005 $88.830
21 271 17980


64 251
3.792
1 252
9266
1 765
3925
5340


60.223
3.746
1.266
8 198
1.830
3.512
4 428


62.354 56.987 85.525 204.866

45.992 40.630 67,645 154.268

16.362 16.357 17.880 50.598

v9.1'.' .' 'f '. /9 u. 14



/.'. tj" ,J I II J' ,.1



157 124 182 463 401
83 85 90 258 265
8 15 8 32 30

871 584 64 2 102 2.216
464 121 91 675 645
84 505 39" -986 676



5115 3283 1 543 9941 10.883
2530 1 911 2 263 6 704 6.013
153 179 243 576 561


'423 5356 7990 20770 18 167
8506 7183 9283 24 973 22503
8 060 '015 9 172 24246 22.195
1 285 1 105 1 911 4301 3355

25 2'4 20 660 28 356 74 289 66 220
....- =i


970


2 444
4 119

3022
1 7-5
2 641







15 50Ci

S895
8;4


31 90-'

3 423


7083
12525

8491
' 796
4 849
3030
1 277
10 110



62 862

'050
920


2233


6611
13034

'592
4 550
4 761
3 306
1 322
5938



45 208

5 182
1 015


Table continued on next page.


....~..... ..1... ...~






Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)-Continued


Com-
Fiscal p
Year parable
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. To Period
Date Prior
Date
F.Y.

Outlays-Continued
Department of Hous.ng ana Urban
Development 1t 962 $1 421 S1 900 $5283 $4 181
Department of the Interior 592 406 4-39 1 437 1 519
Department of Jushlce 397 340 529 1 267 1 012
Department of Labor
Unemployment trust tuna 1 012 1 122 1 450 3585 4296
Other -95 ,74 44d' 926 927
Department of State 302 280 4'9 1 060 826
Department of Transporta9ton
Highway trust tuna 1 276 1 149 1 246 3671 3 379
Other.... 1 024 1 039 954 3017 3283
Department of fre Treasury
Interest on the puoblc aeot 14 '5 16 623 30 355 61 093 55 499
Other ... -2318 711 1 2 1 -4300 138
Environmental Protection Agenc, 393 403 415 1 210 1 284
General Services Aam.ntraton 545 294 299 49 12
National Aeronaultcs and Space
Administration 936 772 843 2551 1 998
Office of Personnel Management 2 400 2 193 2 324 6918 6253
Small Business Admn,straton 241 34 45 162 236
Veterans Adm nstral.on
Compensation and pensions 2 352 44 2 342 4 736 4 708
National sern.ce lfe 52 45 51 148 126
Government ser-,ce ile 3 3 3 9 10
Other ..... 1 232 802 1 374 3408 3074
Independent agencies
Postal Service 355 149 85 419 799
Tennessee Valley Aumor.I? 138 9" 104 339 469
Other independent agencies 870 1 051 126 1 795 3801
Undistributed otfseirng receipts
Employer share employee
retirement -2.589 -2 551 -2 536 -7675 -6760
Interest rece-ved Do trust luna 235 2 116 16654 19005 15 149
Rents and royalites on Outer
Continental Snell lands -99 -440 -234 -772 1 857
Other ..... 3 5 2 1 103


Totals this year
Total outlays .

(On-budget)

(Off-budget) .

Total-surplus ( .* or deficit -)

(On-budget)

(Off-budget)

Totals-outla;. prw ri .

(On-budget,

(Off-budgetl

Total-surplu. ,r er;'lr i
prior year..

(On-budget i


93.095 82.756 109.401 285.252

76.910 65.986 77.505 220.401

16.185 16.770 31.896 64.851

30.741 -25.769 23.876 -80.386

-30.918 25.356 -9.860 66.133

176 -414 -14.016 14.253

.rj .. J 9 .' 1i.1 .it'



i /f. l5 .f.iJ J.' Jr, ivy


.'. i '' 1 : '.

_' := .' -_..^. l .<..


(Off-budgeri J 1 -j I I:5J I .'. .' dig

No transactions
(")Less than $500,000.
Note: Details may not add to totals because of rounding.
Source Financial Management Service. Department of the Treasury





Table 8. Trust Fund Impact on Budget Results and Investment Holdings (in millions) as of December 31, 1987


Current Month Fiscal Year to Date Securiti held as investments
Current Fiscal Year
Classification
Beginning of
Receipts Outlays Excess Receipts Outlays Excess Close of
This Year This Month


Trust receipts, outlays, and investments held:
Airport .............. .... ...... $643 $248 $394 $1,216 $521 $695 $9,937 $10,181 $10,621
Black lung disability ....... .... ... 54 54 (*) 158 158 (*) .. ..
FDIC ............................. ...... 260 -260 .... 1,136 -1,136 17,040 16,049 15,776
Federal disability, insurance ........... 1,895 3,423 -1,528 4,881 7,050 -2,168 7,193 6,566 6,132
Federal employees life and health ......... ...... -32 32 ..... -174 174 9,287 9,452 9,491
Federal employees retirement ... .. 9,486 2,212 7,274 11,496 6,700 4,796 180,516 178,037 185,360
Federal hospital insurance ............. 7,026 4,479 2,547 15,652 12,525 3,127 50,779 51,071 53,976
Federal old-age and survivors insurance .... 19,420 31,907 -12,488 50,777 62,862 -12,085 58,356 58,704 54,308
Federal supplementary medical insurance... 5,774 2,856 2,918 10,500 8,491 2,009 6,166 5,500 8,408
Highways ............... ...... 1,595 1,246 349 3,854 3,671 183 12,691 12,958 13,356
Military advances ........... 889 794 94 2,234 2,277 -44 ...........
Railroad retirement .............. 285 516 -231 1,060 1,558 -498 6,688 6,854 6,820
Military retirement .... ..... 1,476 1,531 -54 16,655 4,585 12,070 30,637 39,841 39,769
Unemployment ........................ 1,338 1,450 -112 4,953 3,585 1,369 27,917 29,062 28,401
Thrift savings ..................... 118 2 117 327 2 325 727 963 1,086
Veterans life insurance ................ 518 37 482 589 208 382 11,440 11,342 11,803
All other trust ........... .......... 275 376 -101 736 906 -170 2,409 2,547 2,529

Total trust fund receipts and outlays and
investments held from Table 6-D ..... 50,793 51,361 -568 125,088 116,061 9,027 431,784 439,129 447,835

Inleriund tranracon 23 524 23 524 -45 866 45866

TruSt 'uno receDpIS ana Outlays On [he DaSs
-I laoiei 4 & 5 2' 268 2' 837 568 79222 70 195 9 027

Total federal fund receipts and outlays 60.686 83.994 -23.308 130.987 220.401 -89.413

Intertunoa ransacions 19 19 57 -57
Few-.ral lund receipli & outlays on ine as3s
ot able 4 & 5 60667 83975 -23 308 130930 220344 -89413


Citt.ert.ng pro.reliary rece-pts -2 410 -2410 5286 -5 286

Net budget receipts & outlays 85.525 109.401 -23.876 204.866 285,252 -80.386


No transactions
(*)Less than $500,000
Note Interfund receipts and outlays are transactions between Federal funds and trust funds such as Federal payments and contributions, and interest and profits on investments in Federal securities.
They have no net effect on overall budget receipts and outlays since the receipt side of such transactions is offset against budget outlays. In this table, interfund receipts are shown as an adjustment
to arrive at total receipts and outlays of trust funds respectively.
Note: Details may not add to totals because of rounding
Source Financial Management Service. Department of the Treasury







Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, December 1987
and Other Periods (in millions)


Classification This Month Fiscal Year Comparable Period
To Date Prior Fiscal Year

RECEIPTS
Individual income taxes ................ .. ........... $36,537 $94,005 $88,830
Corporation income taxes ...... ...... 17,748 21,271 17,980
Social insurance taxes and contributions:
Employment taxes and contributions ................. 22,735 64,251 60,223
Unemployment insurance ............ ......... 170 3,792 3,746
Other retirement contributions .......... .. ....... 457 1,252 1,266
Excise taxes ...................................... 3,838 9,266 8,198
Estate and gift taxes .......... 540 1,765 1,830
Customs .... .... ... ........ ........ ...... 1,361 3,925 3,512
Miscellaneous ............... ........... 2,141 5,340 4,428

Total .......................................... 85,525 204,866 190,014

NET OUTLAYS
National defense ............. ....... .... 29,070 76,364 68,525
International affairs ........... ............... 517 1,586 4,349
General science, space, and technology ................. 937 2,922 2,346
Energy .................. ...... ....... ..... 316 1,131 1,442
Natural resources and environment ........ ........... 1,371 3,828 3,424
Agriculture ........... .... .......... .... 1,278 9,594 10,486
Commerce and housing credit .................. .... ..... -688 1,522 718
Transportation ...... .. ...... .. .. .. ..... .... .. 2,287 6,897 6,916
Community and regional development ..................... 701 1,893 1,761
Education, training, employment and social services .......... 2,301 7,801 7,752
Health ...... ..... ....... ... ...... ... ...... 3,176 10,533 9,432
Medicare ............... ... ....... .. ..... ...... 6,085 18,636 19,173
Income security. ................. ........... .... 11,485 31,322 31,122
Social security ............... ............. 34,907 69,487 50,089
Veterans benefits and services ....... .... ...... ... 3,773 8,317 7,878
Administration of justice ........ ......... ....... 774 2,097 1,728
General government ...... ........ .. .. .... ...... 1,577 2,431 1,471
General purpose fiscal assistance ......... ........ 129 518 509
Interest ........... .. ............ 12,177 36,822 34,302
Undistributed offsetting receipts ......... ...... -2,770 -8,448 -8,817

Total ......................... ................. 109,401 285,252 254,606


Note: Details may not add to totals because of rounding
Source: Financial Management Service. Department of the Treasury


GPO 931-954






Explanatory Notes


1. Flow of Data Into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data in the
central accounting system. The major sources of data include monthly
accounting reports by Federal entities and disbursing officers, and daily
reports from the Federal Reserve banks. These reports detail account-
ing transactions affecting receipts and outlays of the Federal Government
and off-budget Federal entities, and their related effect on the assets and
liabilities of the U.S. Government. Information is presented in the MTS
on a modified cash basis.

2. Notes on Receipts
Receipts included in the report are classified into the following major
categories: (1) budget receipts and (2) offsetting collections (also called
applicable receipts). Budget receipts are collections from the public that
result from the exercise of the Government's sovereign or governmental
powers, excluding receipts offset against outlays. These collections, also
called governmental receipts, consist mainly of tax receipts (including
social insurance taxes), receipts from court fines, certain licenses, and
deposits of earnings by the Federal Reserve System. Refunds of receipts
are treated as deductions from gross receipts.
Offsetting collections are from other Government accounts or the public
that are of a business-type or market-oriented nature. They are classified
into two major categories: (1) offsetting collections credited to appropria-
tions or fund accounts, and (2) offsetting receipts (i.e., amounts deposited
in receipt accounts). Collections credited to appropriation or fund accounts
normally can be used without appropriation action by Congress. These
occur in two instances: (1) when authorized by law, amounts collected
for materials or services are treated as reimbursements to appropriations
and (2) in the three types of revolving funds (public enterprise, intragovern-
mental, and trust); collections are netted against spending, and outlays
are reported as the net amount.
Offsetting receipts in receipt accounts cannot be used without being
appropriated. They are subdivided into two categories: (1) proprietary
receipts-these collections are from the public and they are offset against
outlays by agency and by function, and (2) intragovernmental funds-
these are payments into receipt accounts from Governmental appropria-
tion or fund accounts. They finance operations within and between Govern-
ment agencies and are credited with collections from other Government
accounts. The transactions may be intrabudgetary when the payment and
receipt both occur within the budget or from receipts from off-budget
Federal entities in those cases where payment is made by a Federal en-
tity whose budget authority and outlays are excluded from the budget
totals.
Intrabudgetary transactions are subdivided into three categories:
(1) interfund transactions, where the payments are from one fund group
(either Federal funds or trust funds) to a receipt account in the other fund
group; (2) Federal intrafund transactions, where the payments and receipts
both occur within the Federal fund group; and (3) trust intrafund transac-
tions, where the payments and receipts both occur within the trust fund
group.
Offsetting receipts are generally deducted from budget authority and
outlays by function, by subfunction, or by agency. There are four types
of receipts, however, that are deducted from budget totals as undistributed
offsetting receipts. They are: (1) agencies' payments (including payments
by off-budget Federal entities) as employers into employees retirement
funds, (2) interest received by trust funds, (3) rents and royalties on the
Outer Continental Shelf lands, and (4) other interest (i.e., interest collected
on Outer Continental Shelf money in deposit funds when such money
is transferred into the budget).

3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued by
Government disbursing officers, and cash payments made. Certain in-


tragovernmental outlays do not require issuance of checks. An example
would be charges made against appropriations representing a part of
employees' salaries which are withheld for individual income taxes, and
for savings bond allotments. Outlays are stated net of offsetting collec-
tions and refunds representing reimbursements as authorized by law,
refunds of money previously expended, and receipts of revolving and
management funds. Interest on the public debt (public issues) is recog-
nized on the accrual basis. Outlays of off-budget Federal entities are ex-
cluded from budget outlay totals.

4. Processing
The data on payments and collections are reported by account sym-
bol into the central accounting system. In turn, the data are extracted from
this system for use in the preparation of the MTS.
There are two major checks which are conducted to assure the con-
sistency of the data reported:
1. Verification of payment data. The monthly payment activity reported
by Federal entities on their Statements of Transactions is compared to
the payment activity of Federal entities as reported by disbursing officers.
2. Verification of collection data. Reported collections appearing on
Statements of Transactions are compared to deposits as reported by
Federal Reserve banks.


5. Other Sources of Information About Federal Government
Financial Activities

A Glossary of Terms Used in the Federal Budget Process, March 1981
(Available from the U.S. General Accounting Office, Gaithersburg,
Md. 20760). This glossary provides a basic reference document of stan-
dardized definitions of terms used by the Federal Government in the
budgetmaking process.

Daily Treasury Statement (Available from GPO, Washington,
D.C. 20402, on a subscription basis only). The Daily Treasury Statement
is published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available
from GPO, Washington, D.C. 20402 on a subscription basis only). This
publication provides detailed information concerning the public debt.

Treasury Bulletin (Available from GPO, Washington, D.C. 20402).
This quarterly publication provides a summary of statistics concerning
the Federal Government's financial operations, international statistics,
cash management/debt collection, and special reports.

Annual Budget Publications (Available from GPO, Washington,
D.C. 20402). There are five annual publications which provide informa-
tion concerning the budget:

-The Budget of the United States Government, FY 19
-Appendix, The Budget of the United States Government, FY 19
-The United States Budget in Brief, FY 19
-Special Analyses
-Historical Tables

United States Government Annual Report and Appendix (Available
from Financial Management Service, U.S. Department of the Treasury,
Washington, D.C. 20226). This annual report presents budgetary results
at the summary level. The appendix presents the individual receipt and
appropriation accounts at the detail level.















Scheduled Release

Listed below are the scheduled release dates for the 1988 Statements.
The release time will be 2:00 p.m. EST.

Month Release Date


January 1988 2-25-88
February 1988 3-21-88
March 1988 4-21-88
April 1988 5-20-88
May 1988 6-21-88
June 1988 7-22-88
July 1988 8-19-88
August 1988 9-22-88
September 1988 10-24-88
October 1988 11-22-88
November 1988 12-21-88
December 1988 1-23-89





For sale by the Superintendent of Documents, U.S. Government Printing
Office. Washington, D.C. 20402 (202) 783-3238. The subscription price is
$22.00 per year (domestic), $27.50 per year (foreign).
No single copies are sold.









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