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

Monthly Treasury Statement

of Receipts and Outlays of

the United States Government


For Fiscal Year 1988
Through February 29, 1988,
and O-e ds


"De tfie Treasury
1:N. `-' Financial Management Service

Nb...-.Z







:to
. ,,,..
li 11~111.00


Summary -
page 2





Receipts
Outlays
by Month -
page 26


Receipts -
page 6





Federal
Trust Funds
Securities -
page 28


Outlays -
page




Receipts
by Source
Outlays by.
Function -
page 29


Deficit
Financing -
page 20





Explanatory
Notes -
page 30








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 publishedtcr 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 os are related to the Governmant's financial operations


Disclosure Statemdnt
This statement suimmnries the financial activities of the Federal Government
and off-budget Fed.j, i ir, tiLR ",i*3r, in accordance with the Budget of the U S
Government, ie .. :,.i .na oulil,: i : '1 i surplus or deficit, and the means
of financing the deficit or d oi.ri.p,,1 o. ir*- L',- 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


FY 1987
October
November
December
January
February
March
April
May
June
July
August
September

Year-to-Date .. .. .......





FY 1988
October
November
December
January
February

Year-to-date .. .........


the administrative
the admin strativi'


'The FY i989 Budgel o1 Ihe United I -
Savings Fund ti 736 m- l on) i o a norn
( $19 million, wii be made in future mr
Note Detals m0y enot Idd to lotis *
Source Financai Ma naement Sei ,,


NOTE
Sotil Tnreasury Statement, t ," 'iy month for this table were adjusted to include notes issued by the
otn isRance Corporation (F, i, I of cash and not reported previously as outlays The pt. .- i
Int a Iolll adjuslienl of $920 million for FY 1987 will be distributed by month as the data is I i r I- i,. Ir
er y Th,', acirr nit year wiAI be adjusted by $1 565 million through February 1988

- I' i r l .> jr, y 1, i98 ) r* d 'r"in 198 r ras to $1 0, 1 004.,586 muilion and lhe defcit lo 5150 444 mnilon Ad ustmet$s r O re assiy Th r ft
',* *.', !' ,,1!r in^ tiiu-.li oy :im tr e 'in p 1irm nn of Aqn I cuy re i $757 miin oni and Ihe Department or Housin g a'i r U lrban Developmenl
''T i'-,,^ n*11 I-**^,n n,.' t l ftlct J dff 'r, nie fofth 1 S ,nal 9U in,.S A lminsliraliO n I S i m iEon)


Outlays


Deficit/Surplus ( )


Receipts




$59.012
52 967
78,035
81,771
55.463
56,515
122,897
47,691
82.945
64,223
60.213
92.410

854,143






62,354
56,987
85.525
81,791
60,355

$347,012


$84,210
79,925
90,049
83.888
83.533
84.283
83.755
83,324
83,423
86.419
81,890
76.980

11,001,680


93.095
83.920
109.741
65.706
84,257

S436,720


$25.198
26,958
12,014
2.117
28,071
27,767
-39,142
35.634
478
22,196
21,677
15.430

1147,537


30 741
26,934
24.216
S16,085
23.902

$89.707







Table 2. Summary of Budget and Off-Budget Results and
Other Periods (in millions)


Financing of the U.S. Government, February 1988 and


Classification


Current
Month


Total on-budget and off-budget results
Total receipts

On-budget receipts
1O tu.Jer receipts

Total outlays

On-budget outlays
Off-budget outlays

Total surplus (+) or deficit (-)

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

Total on-budget and off-budget financing

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


$60.355

40,610
19.745

84,257

66.504
17.753

23,902

-25,894
+ 1,992

23.902


20.157
11.002
-7.258


Actual
Fiscal Year
to Date


$347,012

255,523
91,489

436,720

354.902
81.818

89.707

99,379
9 9,672

89,707


87,515
7,513
-5.321


Budget
Estimates
Full Fiscal
Year'




$909.163

669,264
239,899

1,055,904

852.778
203,126

146,741

183,514
36,773

146,741


127,247
16.436
3,058


Actual
Previous
Fiscal Year
to Date
(1987)



S327 248

243,617
83 631

421,605

342.840
78 765

94,357

99.224
4,867

94,357


89.151
6,568
1.362


'Based on the FY 1989 Budget of the United States released by the Office of Management and Budget on February 18 1988
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

120 Outlays


90 -





30 Receipts



0


30


-60 -Deficit( -)/Surplus


-90


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


Dec. Feb.


Budget
Estimates
Next Fiscal
Year (1989)'


$964,674

706 193
258 481

1,094,215

880 873
213,342

129 542

174 680
45,139

129,542


127 021

2,521






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

In billions of dollars


L]Uier i axes aIa n ecelpts .. .........:: .: .....-: ....

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

0National Defense ":-'---*




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


Oct.
FY
88


Dec. Feb.







Table 3. Summary of Receipts and Outlays of the U.S. Government, February 1988 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 $25.651 $163,643 $158.101 $393.395
Corporation income taxes 975 25,876 22.376 105.567
Social insurance taxes and contributions
Employment taxes and contributions (off-budget) 19,745 91,489 83,631 239,899
Employment taxes and contributions (on-budget) 5.994 25.420 23,451 63,170
Unemployment Insurance 2,399 7,074 7,396 23.727
Other retirement contributions 362 1,974 2,004 4,717
Excise taxes 2,204 13.862 13,343 35.342
Estate and gift taxes 566 2,862 3.035 7.567
Customs duties 1,296 6,416 5,827 16.399
Miscellaneous receipts 1,164 8.397 8.082 19.380

Total Receipts ............ .................. 60.355 347,012 327,248 909,163

(On-budget) ...................................... 40,610 255,523 243,617 669,264

(Off-budget) .................. .................. 19,745 91,489 83,631 239,899

Budget Outlays
Legislative Branch 174 780 668 1.942
The Judiciary 86 428 419 1.359
Executive Office of the President 9 53 47 124
Funds Appropriated to the President 711 3,595 5,090 5,233
Department of Agriculture 643 21.716 27,206 50.715
Department of Commerce 139 909 929 2,485
Department of Defense-Military 23.066 116.582 110.675 277.275
Department of Defense-Civil 1,806 9.059 8,548 22.284
Department of Education 1,946 8,424 7,835 18.796
Department of Energy ..815 4,773 4,465 10,506
Department of Health and Human Services,
except Social Security.. 12,859 63,367 61.963 160.432
Department of Health and Human Services, Social Security 17.931 86.588 82.417 214.695
Department of Housing and Urban Development 1.396 8,040 6,461 18.553
Department of the Interior 336 2.181 2,196 5,407
Department of Justice 431 2,105 1,621 5.151
Department of Labor 2.174 8.755 9,574 22.009
Department of State 242 1.460 1,268 3.321
Department of Transportation 1.960 10,523 10,119 26,323
Department of the Treasury:
Interest on Public Debt 15,043 90.810 82,724 210.058
Other 141 -4.931 4.594 11,160
Environmental Protection Agency 389 1,990 1.992 4,853
General Services Administration 91 309 249 135
National Aeronautics and Space Administration 606 3.780 3.110 9.112
Office of Personnel Management .. 2,392 11,864 10.551 28,493
Small Business Administration 117 127 280
Veterans Administration .... 2.158 11,672 12.225 27,623
Other independent agencies ..... 15 25,845 '5.534 17,886
Allowances. undistributed
Undistributed :.i iie : receipts
Interest ...... .. -407 -19.494 -17.352 -41,592
Other -2,868 -13,963 13,965 -36,123

Total Outlays .................................... .. 84,257 2436,720 2421,605 1,055,904

(On-budget) .................. ................ 66,504 354,902 342,840 852,778

(Off-budget). .................................... 17,753 81,818 78,765 203,126

Surplus (+) or deficit ( -) ............................. -23,902 2 -89,707 2 94,357 -146,741

(On-budget) ..................................... 25,894 99,379 -99,224 -183.514

(Off-budget) ..................................... 1,992 + 9,672 + 4,867 +36,773

'Based on the FY 1989 Budget of the United Stales released by the Office of Management and Budget on February 18. 1988
2The outlays for the Federal Savings and Loan Insurance Corporation (FSLIC) have been adjusted by $183 million tor the prior year and 51.504 million for the current year to reflect FSLIC notes
issued in lieu of cash and not reported previously as outlays The outlays will be adjusted again in the March 1988 Monthly Treasury Statement to reflect the latest available information
No Transactions
Source Financial Management Service, Department of the Treasury








Table 4. Receipts of the U.S. Government, February 1988 and Other Periods (in millions)


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

Gross Refunds Re s Gross Refunds R s Gross Refunds Rec
Receipts (Deduct) eip Receipts (Deduct) R s Receipts (Deduct) Rec


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

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


'$28,046
4
I I" -,

29,228

2,652


$3,577


1,677


$25,651


975


$142,054



171,036 $7,393 $163,643


$136.392

3 16,81
165,818


$7,718 $158,101


31,925 6,049 25,876 29,167 6,791


22,376


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
Other
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
Other
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
Other
Total-Unemployment trust fund
Federal employees retirement contributions
Civil service retirement and disability fund
Foreign service retirement and disability fund
Other
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
Al other

Total-Miscellaneous receipts .. ....

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

Total-On-budget ...

Total-Off-budget


'17,024
'996
(".)


18,019

'1,629
'96

(")

1,726

'5.369
'276

(")
5,645

195
154

25,739


1,701
2
665
33
2,401


348
2

35)
351


11

28,502


931
265
1.057
46
2,300

580

1.340

972
192

1.164

65,766

46.020

19.745


17,024
996
(* *)

18,019

1,629
96

(")


1,726

5,369
276



5,645

("C) 195
154

("C) 25.739


1.701
2
2 663
33
2 2.399


81,719
1,699
46
(* *)
83,463

7,857
164

5


8.026

23.544
469

-52
23.961

776
705

116,931


5,209
14
1,779
104
7.107


81.719
1,699
46
(")
83,463

7.857
164

5


8,026

23.544
469

52
23,961

21 755
705

21 116,909


5,209
14
33 1,746
104
33 7,074


69,391
1.336
5,483


76,210

6.673
132

617
(C *)
7,422

19.786
359

1,790
21.934

837
682

107.085


4,987
31
2,287
118
7.424


69.391
1.336
5.483
(")
76,210

6,673
132

617
('")
7.422

19.786
359

1.790
21.934

2 835
682

2 107.083


4,987
31
28 2,259
118
28 7.396


1,908 1.946
15 18
1 1
1,924 1,965


11 49

3 28,500 126,011


96 835
265
1.057
46
96 2,204

14 566

44 1,296

972
192
(**) 1.164

5,410 60,355

5,410 40,610

19 745


7.048
1,310
5,568
245
14,170

2,933

6,602

7,509
888
8,397

361,075

269.586

91.489


49 39 39

54 125,957 116,513 30 116,483


242 6,806 6.825 306 6.519
1 1.309 1,213 2 1.210
65 5.503 5,325 32 5.356
245 258 258
308 13,862 13.620 277 13,343

71 2,862 3.101 66 3.035

186 6.416 6.019 192 5.827


1

1

14,063

14,063


'oi tiioi *A' ( ,A th he pr )o i i'i1, r, 'i.S ( iil SI. urty ACt ,ii rendP e ind iv iiyl income Ti,,xs Wilrheid -nas been



N i r, hr i' ) r 0 s I n o rr0 n.


7,509 7,504
887 579 1

8,397 8.083 1

347,012 342,322 15.074

255,523 258,691 15,074

91,489 83.631 ..

deai Contributions ACA T xes
fri mploymen i Conlribulions Ac ..


7.504
578
8,082

327,248

243,617

83,631


Classification


~







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)


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

Classification Gross Applicable l Gross Applicable O .. Gross Applicable Out
Outlays Receipts Outlays Receipts u Outlays Receipts
Oula Ouly .....y


Legislative Branch:
Senate .
House of Representatives
Joint items ........
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 .. ..
Other

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

Executive Office of the President:
Compensation of the President and the
White House Office
Office of Management and Budget
Other

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
Military assistance
Peacekeeping operations
Other .. .. .
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
Other
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
Other
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.


$27 $1 $26
49 () 49
28 28
1 1
9 9
18 18

23 23
9 9
56 56
1 1
2 2
(") (")
1 1

175 1 174


$141 S3 $138 $119
239 ( 240 193
36 36 47
7 7 7
50 01 44
108 108 82

10 10 38
41 41 33
133 133 95
11 11 10
10 10 6
2 ?
2 2 2

785 5 780 673


$2 $117
1 192
47
7
44
82

38
33
95
10
6
2 2
2

5 668


400 391
21 21

428 419


10
16
21

47 ..


24 101


81 34 47
359 40 319
117 117
92 92
2 2
3 3
78 -78

653 152 501


101 109


295 219 76 314 303
1.720 1.110 610 1,595 283
2.045 2.045 2.048
229 229 36
10 10 19
14 14 17
125 125 244

4.314 1 455 2,859 4.029 831


165 120
100 110
347 112
87 114

699 455


19 2
42

157 45


11
20 18
(") 2


66 184


601 601 625

147 147 165

45
99 20 79 90 15
337 337 308

846 357 490 925 323


8 7
57 48
62 39 20 35
1 12 12 8
3 3

420 1.230 1.470 367


11
1.311
2,048
36
19
17
244

3.198




120
110
112
114

455


625

165

45
74
308

602

7
48
15
3
3

1.103








Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


This Month

Gross Applicable O
Outlays Receipts outlays


Current Fiscal Year to Date

Gross Applicable Ou
Outlays Receipts


Prior Fiscal Year to Date

Gross Applicable
Outlays Receipts Outlays


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

Total-Funds Appropriated to the President ....

Department of Agriculture:
Departmental Administration
Agricultural Researcn 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
Conservation Reserve Program
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


$42 -$651


765
$72 52
753 -753
("C)


3,676
93

19


$651 $442


3,676
$109 -17
3.622 3,622
19


$442


4.125
$108 11
3,049 -3,049
59


1,754 1,042 711 9,201 5,606 3,595 9,445 4,355 5,090


11
43
24
29
5
4
7
362
-9
10
30


11
43
24
29
5
4
7
362
9
10
8 22


69
216
125
135
19
19
35
112
23
81
138 153


47
207
115
123
22
16
34
411
31

115 271


1,623 835 787 17,533 4564 12,968 19.577 2,672
1 1 6 6 2
500 2,525 2.025 1.381 3,515 2.134 1,086 886


(")
994
1.026
506
59
162
25


2.003
1 166
1,195
70
143
19


16.905
2
200



(" )
611
1.089
202
70
143
19


579 432 147 4.899 4.179 720 4.596 4.641


1.137 5.419
430 1,855
155 712
29 116

1.750 8103


5,419 5.196
1.855 1.790
712 678
116 106

8,103 7.770


5196
1 790
678
106


Forest Service
National Forest system
Construct on
Forest research
Forest Serv ce permanent appropriations
Cooperative work
Other


Total-Forest Serv ce


Other
Propr etar rece pts rom the public
Intrabudgetary transactions

Total-Department of Agriculture


Table continued on next page,


12 4 8
116 116


66 16 50
603 603


4,563 3.921 643 34,732 13.016 21.716 36,130 8.924


Classification


129 1 020


1,020 807


27.206


f







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued

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

ClassificationGross Applicable Gross Applicable Gross Applicable .
Outlays Receipts tla ci Outlays Outlays Receipts
Outlays Receipts outlays Outlays Receipts


Department of Commerce:
General Administration
Bureau of the Census
Economic and Statistical Analysis
Economic Development Assistance
Promotion of Industry and Commerce
Science and technology
National Oceanic and Atmospheric Administration
Patent and Trademark Office
National Bureau of Standards
National Telecommunications and Information
Administration

Total-Science and technology

Proprietary receipts from the public
Intrabudgetary transactions

Total-Department of Commerce ..................

Department of Defense-Military:
Military personnel
Department of the Army
Department of the Navy
Department of the Air Force

Total-Military personnel

Operation and Maintenance
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies


Total-Operation and Maintenance

Procurement:
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies

Tntal-Propuremennt


Research. Development. Test.
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies

Total-Research. Develop

Military Construction
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies


and Evaluation





ment, Test, and Evaluation


Total-Military construction 428

Family housing 255
Revolving and Management Funds
Public Enterprise Funds (")
Intragovernmental Funds
Department of the Army ... -14
Department of the Navy 86
Department of the Air Force 22
Defense agencies 8
Other 35
Proprietary receipts from the public
Intrabudgetary transactions 15

Total-Department of Defense-Military ............ 23,072


$5 $16 $124
6 112
10 35
'")
17 92

1 83 491
1 41
9 53

2 12


95 596


149 10 139 957


2.344
1.900
1.785

6,029


2.010
2.158
1.922
701

6.791


1,485
2.288
2.435
149


2.344 11,677
1.900 10,493
1,785 8,606

6.029 30.775


2,010 10.161
2.158 11,467
1.922 9.863
701 3.129

6,791 34.621


1,485 6,907
2.288 11,950
2.435 12.824
149 722


$22 $103 $257
112 93
35 28
(" ) (" *)
92 97

5 485 429
41 39
53 45

12 15

5 591 528

21 21
2 3

48 909 1,000



11.677 11.399
10.493 10.180
8,606 8,699

30,775 30.278


10,161 8,642
11,467 10.009
9.863 8,055
3,129 3.321

34.621 30.025


6,907 6,656
11.950 11.232
12.824 13.627
722 714


6,357 6.357 32,404 32.404 32.229


399 399 1,932 1,932 1.777
659 659 3.344 3.344 3.504
1,422 1.422 5.666 5,666 5,521
596 596 2,776 2.776 2,227

3,077 3.077 13.718 13.718 13.029


123 779
120 694
131 744
54 312

428 2.529

255 1,211


14 287
86 621
22 239
8 126
25 9 147
19 19
15 303

6 23,066 116,981


779 816
694 615
744 693
312 155

2.529 2.278

1.211 1.130

("') 10


287 132
621 1.285
239 68
126 299
131 16 150
267 -267
303 362

398 116.582 111,139


Table continued on next page.


$40 $217
93
28
( *)
97

15 414
39
45

15

15 514

17 17
3

72 929


11,399
10.180
8,699

30.278


8,642
10.009
8.055
3.321

30,025


6.656
11.232
13.627
714

32.229


1 777
3,504
5,521
2.227

13.029


2.278


132
46 1.238
-68
299
130 20
287 287
362

465 110,675








Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


This Month

Gross Applicable
Outlays Receipts


Outlays


Current Fiscal Year ti

Gross Applicable
Outlays Receipts


o Date


Outlays


Prior Fiscal Year to Date

Gross Applicable
Outlays Receipts Outlays


Department of Defense-Civil
Corps of Engineers
General investigations
Construction, general
Operation and maintenance, general
Flood control and coastal emergencies
Other
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


$11
97
89
S1
12
$10 10


$50
451
512
116
163
$31 31


$48
388
473
120
135
$27 27


209 10 199 1.291 31 1,261 1.164 27 1 137


10,285 10,285 10.524 10,524
1.597 1.597 7.783 7,783 7,472 7 472
10.285 10.285 10.524 10,524
12 (') 12 21 (') 20 58 (') 58
2 2 4 4 2 2

1,818 12 1,806 9,095 35 9,059 8,578 30 8,548



449 449 1.602 1,602 1.229 1.229
2 2 218 218 399 399
47 47 199 199 338 338
7 7 20 20 22 22

506 506 2,040 2,040 1.987 1.987


27 27 95 95 82 82

138 138 691 691 767 767
132 132 768 768 614 614
7 7 35 35 42 42
184 184 514 514 530 530


1 4
400
453
45
12
3


919 1 918 4,170

9 9 65
29 29 120
5 5


63 30
2,469
1.425
193
58
9


129 -86
2,242
1.155
215
70
8


63 4.107 3,717 129 3,588


65
120
11 11


117
119
12 12


Total-Department of Education


. ... 1,952


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
Alternalive Fuels Productions
Nu, ear wasle disposal fund
Other

olalt-Energy Programs

Power Marketing Administration
Deipart nial Admm nstraiton
Propierary roie opts from the public
inltitabud etary Ira nsaci ons

Total--Department of Energy ... .


6 1.946 8,498 74 8.424 7,976 141 7,835


573 3,059


460 2,808


3059 3059


2.808 2401


528 63
178
1.140 1,140
69


483 9
155
1 141 1 141
18


1,155 340 815 6,441 1,668 4.773 6.089 1,623 4,465


Table continued on next page.


Classification








Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification
Gross Applicable Gross Applicable Out Gross Applicable .
Outlays ROutlays ceipts iuuaps 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
Other
Federal hospital insurance trust fund
Benefit payments
Administrative expenses and construction
Interest on normalized tax transfers

Total-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
Work 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 ............ ............


$39 ('') $39 $184 $1 $183 $167


$1 $166


12
640
374
234

613
409

204
200
226
228
160
350
142
31

2,562

518
76


2
624
354
167

508
335

187
177
152
189
135
262
109
18

2,071

442
74


930 () 930 4.601 1 4.599 3,902 1 3,901


2.476 2.476 11.956 11.956 10.903 10.903
2.380 2,380 10,450 10.450 8.085 8.085
14 14 32 32 30 30
(") (*) (") (") 3 1 2

4.382 4.382 20.539 20.539 20.897 20.897
90 90 321 321 336 336


4,472 4,472 20,860 20.860 21.232 21.232


2.684 2,684 13,352 13.352 11.730 11.730
90 90 463 463 413 413

2.774 2,774 13,816 13,816 12.143 12.143

12.117 12.117 57,115 57.115 52.391 1 52.391


191 191 2,097 2,097 2,061 2.061
78 78 387 387 400 400
940 940 4.693 4.693 5.260 5.260

1.209 1.209 7,177 7.177 7,721 7.721


7 7 26 26 19 19
813 813 4.290 4,290 4.516 4.516
282 282 1.035 1,035 1,229 1.229
24 24 147 147 188 188
40 40 136 136 148 148
9 9 36 36 41 41

1,175 1.175 5,670 5.670 6.142 6.142


343 343 1,134 1.134 1.241 1,241
191 191 899 899 834 834
82 82 465 465 350 350


617 617 2,498 2.498 2,425 2.425

-19 -19 45 45 56 56
$789 -789 3.288 3.288 2.587 2,587



-2,337 -2.337 -10.375 10.375 -8.027 8.027

-43 43 -76 -76 -58 58



13.648 790 12,859 66,656 3,289 63,367 64,551 2,588 61.963


Table continued on next page.








Table 5. Outlays of the U.S. Government, February 1988 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 Ou s Outlays Receipts Outlays Receipts ut


$16,106
152


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 transactions

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
Other
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
Supportive Housing Demonstration Program
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
Other

Total-Community Planning and Development

Management and administration
Other


Total-Department of Housing and Urban Development 1,991 594

Table continued on next page.


$16,106 $78,332
152 769


$78.332 $74,852
769 685


$74.852
685


387 387 274 274

16,258 16.258 79.488 79,488 75,812 75,812


1.806 1.806 8.749 8.749 8,423 8.423
58 58 412 412 249 249

37 37 26 26

1,864 1.864 9,197 9,197 8,698 8.698

(**) ('') ( ) ( ) $32 -32
-191 -191 -2,097 -2.097 -2.061 2.061


17,931 (") 17,931 86,588 (') 86,588 82.449 32 82,417




544 $446 98 2.908 $2,106 802 2,081 2,542 461
16 38 -22 399 209 190 445 208 237
20 4 15 32 25 8 22 27 -5
5 5 20 20 20 20
14 14 65 65 76 76
57 57 251 251 259 259
3 3 30 30 26 26
38 38 415 415 418 418
18 18 38 38
1 1 9 9 9 9
737 737 3.676 3,676 3,388 3.388

-14 -14 -1 -1 -9 -9

1.437 488 949 7,841 2.340 5,501 6.734 2.777 3,957


119 119 577 577 531 531
97 2 94 676 57 619 682 70 611

216 2 213 1,252 57 1.195 1,212 70 1.142


7 21 13 40 83 43 66 134 -68
52 75 -23 264 383 120 42 168 126
16 16 -6 -6 21 21

76 96 -20 298 466 168 88 301 -214


9 2 38
212 1,257
24 104
8 39
4


53 16 30
1.257 1,282
104 175
39 41
4 6


251 9 242 1,442 53 1.388 1,535


11 112
1 10

1,396 10,956 2,916


63 -33
18 1,264
175
41
6

81 1,453


112 110
10 13


8,040 9,691 3.230







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


Classification


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

Gross Applicable O Gross Applicable O ia Gross Applcable'
Outlays Receipts Outlays Receipts Outlays Receipts j'3
ou, 1s n t' I


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
Other ... .

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
Other ..
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


$32 $202
( *) 1
8 112
42 224
24 151

106 688


688 619


$8 39 323 $47
9 60
16 76
20 165
2 12 65 9


$24 299
53
60
142
8 55


105 9 96 689 56 633 643 31 611


66 282
76 416

142 698


282 240
416 388

698 628


91 91 421 421 394 394
4 4 37 37 45 45
20 20 127 127 69 69
5 1 5 26 5 21 17 4 13

121 1 120 610 5 605 525 4 521

9 9 179 179 296 I') 295
-23 23 44 44 47 47


1 1 1 1
112 -112 665 -665 527 527
-2 -2 -2 -2 () (')

458 122 336 2,906 725 2,181 2,758 562 2.196


105 105 483 483 302 302
118 118 535 535 481 481
34 34 185 185 161 161
69 69 370 370 257 257
86 3 83 400 18 382 294 16 278
27 (') 27 115 (') 115 88 (") 88
-4 4 35 35 55 55

435 3 431 2.123 18 2,105 1,636 16 1.621


249 1,299
27 128
14 62

-19 36

10 11
4 28


1,299
128
62

36

11
28


Table continued on next page.







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


This Month


Gross Applicable
Outlays Receipts


Outlays


Current Fiscal Year to Date

Gross Applicable O
Outlays Receipts outlays


Prior Fiscal Year to Date

Gross Applicable
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
fund
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


$1,514
208
25
19

14
(")


$1,514
208
25
19

14
(")


$5,724
932
74
58

58
6


$5,724
932
74
58

58
6


$6,843
923
27
55
316
84
9


$6,843
923
27
55
316
84
9


1,780 1,780 6,852 6,852 8.257 8,257

2.064 2,064 8.416 8.416 9,778 9.778

5 5 30 30 23 23
29 $71 42 154 $188 -35 158 $98 60

17 17 83 83 72 72
68 68 -194 194 480 480
48 48 257 257 257 .. 257
6 6 28 28 28 28
21 21 89 89 85 85
12 12 70 70 61 61
5 5 68 68 68 68
20 20 63 63 50 50
(") (") 1 -1 1 1
49 49 119 -119 -428 -428

2,246 72 2,174 8,944 189 8,755 9,673 99 9,574



143 143 636 636 629 629
8 8 122 122 120 120

27 27 127 127
23 23 114 114 135 135
2 2 9 9 20 20

159 159 908 908 1,031 1,031

44 44 361 361 242 242
2 2 13 13 11 11
26 26 149 149 113 113
9 9 40 40 19 19
2 2 18 18 26 26
(") (") 1 1
(") (") 27 27 173 173

242 (") 242 1,462 1 1,460 1,268 .. .. 1,268


5,420
33
39


954 5,492

22 80


5,420 4,808
33 20
39 42

5.492 4,870

80 82


Table continued on next page.


Classification







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


Classification


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

Gross Applicable Gross Appcabe Gross Applicable Outlas
Outlays Receipts Ouas Outlays Receipts ""l Outlays Receipts oua


Department of Transportation:-Continued
Federal Railroad Administration
Grants to National Railroad Passenger Corporation
Other

Total-Federal Railroad Administration

Urban Mass Transportation Administration
Formula grants
Discretionary grants
Other
Federal Aviation Administration
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
Other

Total-Coast Guard

Maritime Administration:
Public enterprise funds
Operating-differential subsidies
Other
Other
Proprietary receipts from the public
Intrabudgetary transactions


Total-Department of Transportatior

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
Other

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

Table continued on next page.


n . .


$292
$8 $1 $7 66

8 1 7 226


140 661
55 275
73 294

-102 998
(') 3 13

44 358
75 387
19 59
344 344


$292 $316
$5 72 88

5 220 404


661 650
275 223
294 384

998 964
("*) 13 35

358 449
387 287
59 79
344 227


$11 $327


$11 $327
) 88

10 415


481 481 1.148 1,148 1,042 1,042

382 (") 382 2.159 (") 2,159 2,041 2.041


154 154 778 778 719 719
28 28 145 145 174 174
34 34 145 145 141 141
6 (*) 5 69 2 67 50 2 48

221 (") 221 1,138 2 1,136 1,084 2 1.082


77 17 60 176 159 17 305 91 213
21 21 97 97 102 102
20 20 49 49 32 32
7 (") 6 65 5 60 57 5 52
1 1 11 -11 26 26
-1 -1 -6 -6 1 1

1,979 19 1,960 10,705 182 10,523 10,233 114 10.119


-51 -51 -1.195 -1,195 200 200

(") (**) (**) (") 2 2
(**) (') (**) (") 72 72
3 3 11 11 6 6

18 18 94 94 90 90
21 21 88 88 167 167
11 11 32 32 19 19
6 6 15 .15 56 56

56 56 229 229 334 334



454 575 -121 4.506 4,401 105 2.709 2.888 179
17 17 86 86 70 70
97 97 549 549 397 397
1 1 -9 9 -12 12
4 4 41 41 64 64
31 31 86 86 93 93








Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


This Month

Gross Applicable
Outlays Receipts


Outlays


Current Fiscal Year t

Gross Applicable
Outlays Receipts


o Date

Outlays


Prior Fiscal Year to Date

Gross Applicable
Outlays Receipts Outlays


Department of the Treasury:-Continued
Internal Revenue Service:
Salaries and expenses
Processing tax returns
Examinations and appeals
Investigation, collection and taxpayer service
Payment where credit exceeds liability for tax
Refunding internal revenue collections, interest
Internal revenue collections for Puerto Rico
Other

Total-Internal Revenue Service

United States Secret Service
Comptroller of the Currency
Interest on the public debt
Public issues (accrual basis)
Special issues (cash basis)

Total-Interest on the public debt


("' (") (") 3 $3 (") 1 $1 (")

691 (") 691 2.823 3 2.820 2.542 1 2,541

26 26 150 150 125 125
18 $7 11 91 101 -10 76 105 -29

13,975 13.975 69,898 69,898 64.858 64,858
1,068 1,068 20,912 20,912 17,866 17.866


15,043


15.043 90,810


90,810 82.724


82,724


Proprietary receipts from the public
Receipts from off-budget Federal entities
Intrabudgetary transactions -531


Total-Department of the Treasury ................

Environmental Protection Agency:
Salaries and expenses
Research and development
Abatement, control, and compliance
Construction grants
Hazardous substance superfund
Other
Proprietary receipts from the public
Intrabudgetary transactions

Total-Environmental Protection Agency...........

General Services Administration:
Real property activities
Personal property activities
Information Resources Management Service
Federal Property Resources Activities
General activities
Proprietary receipts from the public
Other

Total-General Services Administration ..........


National Aeronautics and Space Administration:
Research and development
Space flight, control, and data communications
Construction of facilities
Research and program management
Other

Total-National Aeronautics and Space
Administration .. ............. .. .....

Office of Personnel Management:
Government payment for annuitants, employees
health benefits
Payment to civil service retirement and disability fund
Civil service retirement and disability fund
Employees health benefits fund
Employees life insurance fund
Retired employees health benefits fund
Other
Intrabudgetary transactions
Civil service retirement and disability fund
General fund contributions
Other

Total-Office of Personnel Management.......


91 -91

-531


-424
6.393


977 977
-424
6,393


300
6.115


15,857 673 15,184 91,361 5.482 85,879 82,585


47
15
39
197
92
("*) 240
3 -3
239


325
79
206
1,074
320
("*) 131
19 -19
125


392 3 389 2,010 20 1,990 1,996


132
15
-46
3
8
3 3
18 18


262
43
-75
(")
55
59 -59
11 11


1,462 1,462
-300
6.115

4.456 78.129


280
82
214
1.243
174
(") 502
3 3
-500

4 1,992


3 198
77
11
12
41
30 30
15 15


112 21 91 238 70 309 230 19 -249


1,209 971
1.882 1,494
60 69
628 576


606


197
(")
2.393
733
72
1
20


...... 606 3,780


197
(")
2,393
34
181
20
20


773

11 325
3,405
412
5
61


... 3,780 3.110


773
("--
11 325
64
345
1
61


S() (")
3 15


576
('*)
10,240
2 759
374
6
63


2,728
720
4


3,110



576
(")
10.240
31
346
6
63


(") ")
15 14


3,414 1,021 2,392 15,967 4.103 11,864 14,004 3.453 10,551


Table continued on next page.


Classification







Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued

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

Classification Gross Applicable Gross ApplicaDle Gross Applicable Outla
Outlays Receipts utays Outlays Receipts Outays Outlay
outlays lays Recei Outlays Receipts


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

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
Other
Proprietary receipts from the public
National service life
United States government life
Other
Intrabudgetary transactions


$88 $77 $11 $460 $375 $85 $718 $628
17 53 36 195 310 115 262 346
4 1 3 22 6 17 11 6
22 22 131 131 115

131 131 (") 808 691 117 1,107 980


209 289
2 3
34 36
1,192
76
787
16
63
53
28

82
2
7 4
10

35
(S")
28
7


79 1,126 741 385 811 753
-2 8 17 9 9 21
2 196 216 20 189 218
1,192 5,974 5,974 7,119
76 312 312 408
787 4,188 4,188 3,895
16 90 90 78
63 357 357 332
53 244 244 211
28 135 135 138


82 428
2 14
3 35
10 43


-35
('')
28
-7


428 402
14 15
75 40 32
43 37


402
15
72 40
37


171 171
( *) (' )
168 168
89


Total-Veterans Administration ................... 2,554 395 2,158 13.059 1.387 11.672 13,630 1,405 12,225


Independent agencies:
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 ...
Other


16
19




16
46
8
930 1,

8
10
23
7


5
594
8
4

17

(")
26
14


16 64
19 75
214

534
30
16 79
113 672 1,507
5 43 9
636 5.512 4,744


159
2
566


25 -17 58 126
10 61
23 114
7 13


5 (*) 23 22
718 -124 33.178 3.561
8 28
85 81 7 391

( ") 17 63 1
26
(") 2 (")
26 104
14 45


37 42 -5 149 147
4 12 8 93 262


64 65
75 72
214 200

534 358
30 293
79 67
835 766 1,510
34 39
768 4,505 5,282

68 91 167
61 48
114 106
13 15


1 9 20
382 32,666 687
28 30
384 ('*)

62 57 1
26 26
2 1
104 127
45 37

2 88 111
169 21 192


Table continued on next page.


-10
1,979
30
(C )







Table 5. Outlays of the U.S. Government, February 1988 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 as Outlays Receipts ays Outlays Receipts Oua


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
FDI 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.


42,419 $2.653 233 13,920
259


264 1,562
269 1,042

- 67 -327

3 17
67 329
3 17
6 24
(") 2
(") 1


13 25
-69 -169

569 2,785


5,647 5,662


(") ("*)


1,521


134

13
152


$113

13,554


366 13.167
259 325


$183

14,011


1,562
1,042

327

17
329
17
24
2
1


25 96
169 66


2.785 2,711

52 45
105 96
2,420 195 2.606
(C*) 338 329
12
17 363 341


15 32,749 26,904 5,845 30,134 24,600 5,534


901 901


7.506


(") (")



1,521 7.581


134 1,456

13 138
152 707

5 25

543 2,689


32 134

2.400 12,730


2,400


7581 7.506


1.456 1.177

138 114
707 694

25 20

2,689 2,166


134

12.730 11.678


2.166




11 678


--- ~






Table 5. Outlays of the U.S. Government, February 1988 and Other Periods (in millions)-Continued


Classification



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-Undistributed offsetting receipts ............

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

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

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

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

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

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


This Month Current Fiscal Year to Date

Gross Applicable Gross Applcable utl
Outlays Receipts Outlays Outlays Receipts uays


Prior Fiscal Year to Date

Gross Applcale O
Outlays Receipts ays


2.857 1.961

320 400
2,348 1,867
379 517

1,075 -913

173 151

431 421
538 581

(") (.")
1 1

8,442 7,477

-8 -9
-485 -469


-38

-335
-32

19,502


19


-38

335 -225 -225
-32 -21 -21

,502 16,448 -16,448


7 7 8 8 -3
$468 -468 $1.232 -1,232 $2,088 -2.01
200 2

-2,806 468 -3,275 -32,224 1,233 -33,457 -28,128 3,189 -31,3

99,570 15,313 84,257 504,780 68,060 436,720 481,965 60,360 421,6(

81,817 15,313 66,504 422,962 68,060 354,902 403,168 60,328 342,8'

17,753 (' ) 17.753 81,818 (**) 81,818 78,797 32 78,71


23 902

25.894

- 1.992


89

99


9


707 94.357

379 99 224

672 4 867


Proprietary receipts
Receipts from off-budget Federal entities
Intrabudgetary transactions .......

Total receipts offset against outlays


MEMORANDUM

ceipts offset against outlays (In millions)

Current
Fiscal Year
to Date

$13,310
424
61,927

..75,661


Comparable Period
Prior Fiscal Year

$14,344
300
56.006

70,650


includes quarterly adjustment
"Includes FICA and SECA tax credits, non-contributary military service credits, special benefits for the aged, and credit for unnegotiated OASI benefit checks
3The outlays for the Federal Savlngss and Loan Insurance Corporation (FSLIC) have been adjusted by $183 million for the prior year and $1 504 million for the current year to reflect FSLIC notes
issued in lieu of cash and not reported previously as outlays. The outlays will be adjusted again in the March 1988 Monthly Treasury Statement to reflect Ihe latest available information
4The Postal Service figure represents reporting for the full calendar month of February and is partially estimated This estimate includes $550 million for postal money orders between February
13th and 291h


3
88
00

17

05

40

65







Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, February 1988 and Other Periods
(in millions)

Net Transactions A t
denotes net reduction of either 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 This month
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

Premium & discount on public debt securities'

Total borrowing from the public less premium & discount

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 2
Federal Reserve account
Tax and loan note accounts

Balance

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

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 ( )] .. .........


$23.587 $121,736
-155


$115.805 $2,335.277 $2,433,426 $2,457,013
15.000 14.845 14,845


23,587 121,581 115,805 2,350,277 2,448,271 2,471.858


-247 588 206 7.234 8,069 7,823

23.340 122,170 116,011 2.357.511 2,456,341 2.479,681



3.183 34,655 26.860 458.172 489,644 492,827

20,157 87,515 89,151 1.899,340 1,966,697 1 986,854

303 -618 14 -9.702 10.623 10.320

20,461 86,897 89,165 1.889.638 1,956,074 1.976,535

8,301 4,880 2,774 31,712 35.134 26.833
-27 399 249 6.270 6.695 6.668
334 -1.400 -2.082 9,104 8,039 7.705
642 16,311 415 13.633 7,723 7,082

11,157 74,465 84,973 1,950,357 2,013,665 2,024,822




-7,803 -6,647 -4.032 9.120 10,276 2.473
-3,199 -866 -2.536 27,316 29.648 26.450

-11.002 -7,513 -6.568 36,436 39.924 28.922


-3 683 320 9.078 9,765 9.761
-5,018 5.018 5.018

3 683 320 4,060 4,747 4,743


1,458 910
-987 527
3 11
-807 -466

-333 73

-137 -138
2,857 1,207


-10,086

2.608

12,695

23,852


10,157

-4.863

15,020

S89,485


-7,665

-1,516

9,182

S94,155


19.699
3.230
12.855
66
257

10.265

642
9.408

60.811

5,714

66,525

1.883.832


19,699
4.785
13.568
64
605

10,246

548
5,275

60,740

3,459

64.199

S1,949,465


19.699
4.688
13,842
63
550

9.932

505
6.552

50.654

851

51.505

1.973.317


50 222 203


S23,902 89.707 -94.357 1,883,832 1,949.637 1,973,539


iRepresenis prernrum and discount related to public debt securities held by nhe public b *. i.sstlbed as miscellane. i i i'. *i a ssel accounts, i
SMajor sou rces of rnlorrmaton ised T' rt,.t.rm'i Tr-.I.ir.'' .5pertiig cash include ihe 'i, >' Wires from Federal i. eporining m )I Publhc Debli e-lectronic
trainsnfs through he Trers.i.y Fntncl! .. .. i ind I econcilng wires from internal Revenue Servce Centers Operatng cash is presented on modfd cadd sh basIs deposits ire
relicted, as received fInd withd 0 d wauis
No transactnonr
Note Deails may riotl add toi totals be,
Source Financ ai Manaqement Servic, *e 'The rfaisufv







Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, February 1988 and
Other Periods (in millions)


Classification


Fiscal Year to Date
This Month
This Year Prior Year


Excess of liabilities beginning of period:
Based on composition of unified budget in preceding period
Adjustments during current fiscal year for changes in
composition of unified budget:
Classification of FDIC securities as budgetary transactions
Classification of FSLIC securities as budgetary transactions

Excess of liabilities beginning of period (current basis)

Budget surplus (-) or deficit
Based on composition of unified budget in prior fiscal year
Changes in composition of unified budget

Total surplus (-) or deficit (Table 2)

Total-on-budget (Table 2)

Total-off-budget (Table 2)

Transactions not applied to current year's surplus or deficit
Seigniorage
Increment on Gold
Proceeds from currency
Profit on sale of gold
Net gain (-)/loss for IMF loan valuation adjustment

Tot31-- tr3gnr 3ctin ns not 31- lied trp current ','3r


Excess ol liabilities close ol period


$1,949,465 $1,880.606 $1,732,827


3.225


442
3.693


1,949.465 1.883.832 1,736.962


23.902 89.707 94,357


23.902 89.707 94.357

25,894 99.379 99.224

-1.992 -9,672 4.867


43 -193 185


-8
-7 29 -9




1 973 317 1 973 317 1 831 117


S Table 6. Schedule B-Securities issued by Federal Agencies Under Special Financing Authorities, February 1988 and
Other Periods (in millions)


Net Transactions
( ) denotes net reduction of
liability accounts

Fiscal Year to Date


This Month


This Year Prior Year


Account Balances
Current Fiscal Year


Beginning of


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
Federal home loan bank board:
Federal savings and loan insurance corporation
Obligations guaranteed by the United States, issued by
Department of Defense
Family housing mortgages
Department of Housing and Urban Development:
Federal Housing Administration .. ..
Department of the Interior
Bureau of Land Management
Department of Transportation
Coast Guard:
Family housing mortgages
Ot.Li.al.ji- not guaranteed by the United States, issued by
Department of Defense:
Homeowners assistance mortgages
Department of Housing and Urban Development
Government National Mortgage Association
Independent agencies
Postal Service
Tennessee Valley Authority

Total agency securities .................................


-$2 -$153

202 1,620


1 3


-$6 (")
255 $200

183 3,225


- 10 15

31 178


4 643


2 (")


450 -800


1.965


250
245 1.380


247 588 206 7,234


1.615

250
1,380

8.069


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


Classification


Close of
This month


4.845


. j








Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
February 1988 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 .
Ocean Freight ....

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


.. $20 $20
$6,274 -$10,578 -$4,084 20.969 16,665


5
-1,921 -6,909

225
60


1.221


90
45 -1,855
320


12 97
551 140.786

-70 1,521
-50 1.915


50
25
7.924
759

3,986
9,457
2.396
113

2,049


-50 1,844

275 5.901
10 1.300


252
S.. .. .... .. .... 2 ,128
197 996 943 2,128
197 996 943 2,144


102
135.800

1.746
1,975

50
25
6,703
759

4.076
7,557
2,716
113

2,049


1,844

6,051
1,600


252
2,128
2,943

1
420


$20
10.391



102
133.879

1,746
1.975

50
25
6,703
759

4,076
7,602
2,716
113

2,049


1.848

6.051
1.600


252
2.128
3.140


128 128


1,730
16


7,g34 18,3g2 6,758 208,106 197,648 189,714


6,758 208,106 197,648


189,714


7,934 -18,392






Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
February 1988 and Other Periods (in millions)-Continued


Transactions Account Balances
Current Fiscal Year

Fiscal Year to Date Beginning of
This Month Close of
This Year Prior Year This Year This Month s mon


Borrowing from the Federal Financing Bank:
Funds Appropriated to the President
Foreign military sales
Overseas Private Investment Corporation
Department of Agriculture
Rural Electrification Administration
Farmers Home Administration
Agriculture Credit Insurance Fund
Rural Housing Insurance Fund
Rural Development Insurance Fund
Department of the Navy
Department of Education
Student Loan Marketing Association
Department of Health and Human Services, Except Social Security
Medical Facilities Guarantee and Loan Fund
Department of Housing and Urban Development
Low Rent Housing Loans and Other Expenses
Community Development Grants
Department of Interior
Territorial and International Affairs
Department of Transportation
Grants to National Railroad Passenger Corporation
General Services Administration
Federal Buildings Fund
National Aeronautics and Space Administration
Space Flight, Control and Data Communications
Small Business Administration
Business Loan and Investment Fund
Independent Agencies
Export-Import Bank of the United States
National Credit Union Administration
Postal Service
Tennessee Valley Authority
Washington Metropolitan Transit Authority

Total borrowing from the Federal Financing Bank ..........


$19 $861
1 1


$72 $19.164 $18.322
1 1 1

268 25,438 25,259


28.010
8,048
28.951
40 1,788

4.940


27,835
5,868
25,971
1.759

4940


$18.303


23,264

27.835
5,868
25,971
1.759

4.940


192 192


37 2,074
9 355


( ) (") 60 59

-2 2 55 54

4 3 395 392

141 79 809 949


32 90 1,662


492
5 2
1,500
111 264


7,073


12.463
111
4,353
18,210
177


1.634

11,971
118
5,853
18,363
177


865 157,258 152,107


949

1.630

11,971
113
5,853
18,474
177

150,186


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 behall ol 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 Of issuing their own securities

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


Classification








Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, February 1988 and
Other Periods (in millions)

Net Purchases or ales Securities Held as Invi
Net Purchaseas or Sa Current Fiscal Y
Current Fiscal Yn

Classification Frc-iI vp-, tn n.at. a-, ^f


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
Other
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
Other

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.


() $6 $6 $6
(") $3 (") 15 18 19
$12 114 $66 1,506 1.632 1,620
-2 11 12 10 10


1 231
-43 72


5 44
6

22 135
2 8

466 763
12


743 6,482
(* ') 134


6.251
105


26 2,164
12


( ")
2 305 2,802
51 46 58


8 160 171


489 1,711


394 2.945


5.146


19 627 646


113 598 678 443 928 1,041


534 4,568
85 144

620 4,425


196

826
55
4,588
1,561
1,242

26,098
290


251

2.538
55
5.560
1,739
1,276

31.200
232


30,666
146

30,812


1,456 26,388 31.432


(* ) ( ) ( ")
(**) 2 2


1 119
( ) 1


4


1
87
8


2.137


12


(")
9.203
82


10.225


14


8
30.637
769


7
39.753
843


5 734 58 356 66.444


48 552 753 7,193


6.087
140
384
2


50 374
405
6,166
5


6,689

55,154
330
6,221
5


8
39.840
851


68.581

6,641

56,461
265
6.550
6






Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, February 1988 and Other Periods
(in millions)-Continued


Net Purchases or Sa


Fiscal Ye
This Month -
This Year


s Securities Held as Investments
Current Fiscal Year

ar to Date Beginning of
Prior Year ThClose of
Prior Year This Year This Month This month


Trust funds:-Continued
Department of the Interior
Department of Labor
Unemployment trust fund
Other
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
Other

Total public debt securities
Total agency securities

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

Grand total .................................................


$1 $25 $151


$237


460 27.917 27,849
17 33 17


14 138
(.*)


259 3,474
(* *)


579
2,052
20
36
42


6,709

31
346
1


9,937
12.691
363
134
737


176,748
175
1.208
8,078
2


3.626
(")

10,706
13.697
359
109
957


180.096
100
1.114
8,267
2


6 222 218


57 223 246 9.990
135
-3 40 40 1.093
( ) (* *) 21

341 -896 1.053 17,040
1 1 45
* ) 1 ( ) 17
118 582 727
175 384 410 6,688
3 4 42 47


30,510
280


28.315 431,069
715


10,270
135
1,136
21

15.503
46
18
1,191
6.897
49

457.647
565


$236

28,500
12

3,611
('")

10,479
13,730
374
144
879


178.702
35
1.148
8.448
2

216

10,213
135
1,132
21

16.144
46
18
1,309
7.073
52

461.580
435


3,802 30,230 28,315 431,784 458,212 462,015

3,183 34,655 26,860 458,172 489,644 492,827


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


Classification








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


Classification


Receipts


_ ,, ,. II,.- : ar,,

Employment taxes and
contributions
Unemployment insurance
Other retirement contributions
Excise taxes
Estate and gift taxes
Customs duties
Miscellaneous receipts

Total-budget receipts this year ..

(On-budget) .................

(Otff-budget) ......... .........

Trul-hud t'ci receipts prior ear


(On-bud'etl1)


Outlays
Legislative Branch
The Judiciary
Executive Office of the President
Funds Appropriated to the President
International security assistance
International development assistance
Other
Department of Agriculture
Foreign assistance, special export
programs and Commodity Credit
Corporation
Other
Department of Commerce
Department of Defense
Military
Department of the Army
Department of the Navy
Department of the Air Force
Defense agencies

Total Military

Civil
Department of Education
Department of Energy
Department of Health and Human
Services, except Social Security
Public Health Service
Health Care Financing
Administration
Grants to States for Medicaid
Federal hospital ins trust fund
Federal supp med ins trust
fund
Other
Social Security Administration
Family Support Administration
Human Development Service
Other
Department of Health and Human
Services. Social Securty
Federal old age and survivors ins
trust fund
Federal disability ins trust
fund
Other

Table continued on next page.
Table continued on next page.


Oct.


i l 1 I II-



20,791 20,725 22.735 26.920 25.739
956 2.667 170 883 ??
431 364 457 360 j3 i
2.574 2,854 3,838 2.393 2,204
..1 -.1 rE
1 1 I '" I "I I I 4I 1 r.
4 i I 1 1 .1 1 I 1 i

62 354 56 987 85 5251 81 791' 60 355

45992 40630 67 645 60 645 40 610
-4- _
16 362; 16 357 17 880' 21 146 19 745


... 1
4 -

4- -L t

4 ,
-:-- 4-- t ---r--
1 t i J

I I' 1 I



871 584 647 255 501
464 121 91 371 184
84 505 397 466 26



5,115 3.283 1.543 2,495 426
2.530 1911 "1' IP 1 11 ?1i
153 1 4 i 1' i- i


7,423 -
8.506 1' I' i ~
8.060 ,'u,. i -i. l i ,.:j, i T.,' J


952


970


2.444
4,119

3.022
1.775
2.640
950
413
2,324



15,507

1 895
824


I i I ',4 1 1 1 11. 4 1
:,, r, .


9 1 9 1 12 1 81

939 941 1 126 815


909 914


2,619
3.926

2.613
1 778
186
1.263
434
2.339



15.447

1731
36


2,020
4,479

2.856
4,244
2 023
817
430
5.447



31 907

3423
60


8761


2,398
3,863

2,550
292
1 120
1.466
605
395



368

284
986


930


2476
4 472

2.774
2.394
1 209
1,175
617
3.189



16 258

1 864
191


j


...


June


Sept.


Corn-
Fiscal Com-
Year parable
Year Period
To Prior
Date F.Y
F.V.


March April


Pr8

-i 47

2,859 3,198
i o~n i1 n


7
I i


494 789



12.862 17.318
I Rt.I q oBi








8it 1 I i' -
.4









4.773 4.465


4.599 3901


11 956
20.860

13816
10.483
7177:
5670
2498
13693


10.903
21 232

12143
8.113
7 721
6.142
2,425
10,617


79.488: 75812

9197i 8,698
2097 2.093


116,909 107.083
7.074 7.396
1,974 2.004
13.862 13,343


I n 411.4

347 012'

255 523

91 489
91 489



i-
I
!+ ,.'.'J,- -


I





I






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


Classification




Outlays-Continued
Department of Housing and Urban
Development
Department of the Interior
Department of Justice
Department of Labor:
Unemployment trust fund
Other
Department of State
Department of Transportation
Highway trust fund
Other
Department of the Treasury
Interest on the public debt
Other
Environmental Protection Agency
General Services Administration
National Aeronautics and Space
Administration
Office of Personnel Management
Small Business Administration
Veterans Administration
Compensation and pensions
National service life
Government service life
Other
Independent agencies
Postal b.r... -
Tennes-; il Aijln.:.rr,
O t h e r i r p -- r .i i, .,-, ,. .,
U ndistrlbu i,1 .. ,~-: i ,-i ,i _.. ,pr:,
Employe- injr. r:mrl.-.,-.
retirenr. ri
Interest r-.e'f .. '., I'u:' Ijr.
R e n ts E ,'o r, 1,:i .:... -'u r
Contin.-, 1i in-i lai-.:
Other

Totals th s year
Total outlays

(On-budgetl

(Off-budget

Total-surplus I I or deficlI I

(On-buageti

(Off-budgell



(O)n h,



Toal- ,
prior it



(Off t ....


Oct.







$1,962
592
397

1,012
95
302

1.276
1,024

14,115
2,318
393
545

936
2,400
241

2,352
52
3
1.232



a"'..'


m -:,8







93.095


76 910

16 185


Nov.







$1.421
406
340

1,122
574
280

1,149
1,039

16,623
711
403
294

772
2,193
-34

44
45
3
802




I

2411


44-0


'0


$1,900
439
529

1.450
447
479

1,246
954

30.355
-1.271
415
299

843
2.324
-45

2,342
51
3
1.374

"5

iJ




;':l4r

rJ


Jan. Feb.


$1.361
408
407

1.488
582
159

837
1.037

14,674
-773
391
-448

622
2,554
-45

44
62
3
1.102

439?

1 653

at?

? 655


$1 3'r
336
431

1,780

9?4

915
1,016

15,043
141
389
91

606
2.392


1,192
4'
2
917

33
'145



.' 1,01


468


March


June


-


83.920


67 15

16 7


109.741 65.706

77.845, 66.493


84.257

66.504


-4 4 4 I t -~- I'


31 896


17.753


30 741 26 934 24 216 16085 23.902

30918, 26520 -10200 5848 25 894

1761 414 14.016 -21 933 1 992





-_ __ _____ ---- __ __ __ -_ ---- --- K 4 = --__


. a


___ ___ i_ __i ___ __ __ __ i _~


* j ,-


__ __ 1 1 F


'a, 2 .'i -ii...L L


July Aug. Sept.







-I


Corn-
Fiscal Com-
Fsal parable
Year Period
Prior
Date FY





$8.040 $6,461
2.181 2.196
2,105 1,621

6,852 8.257
1 903 1.318
1,460 1.268

5.453 4,829
5,070 5.290

90.810 82,724
4.931 -4,595
1,990 1.992
309 249

3.780 3,110
11 864 10.551
117 127

5.974 7.119
257 214
14 15
5,427 4.877






41
I 1 1
I ass

1 .an


41


16 720

,4 902

1 818

89 .0.

99 3q9

9 6721


NOTE
In the January 1988 Monthly Treasury Statement, the outlays by month for this table were adjusted to include notes issued by the
Federal Savings and Loan Insurance Corporation (FSLIC) in lieu of cash and not reported previously as outlays The previous adjust-
ment will be reversed and a total adjustment of $920 million for FY 1987 will be distributed by month as the data is available from
the Administrative Agency. The current year will be adjusted by $1,565 million through February 1988


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


--- -____


S 35

1 8


0O


I
J.
r~ ---i


. .t


I







Table 8. Trust Fund Impact on Budget Results and Investment Holdings (in millions) as of February 29, 1988

Securities held as Investments
Current Month Fiscal Year to Date ecuries hel vmets
Current Fiscal Year
Classification
Beginning of
Close of
Receipts Outlays Excess Receipts Outlays Excess This Month
This Year This Month


Trust receipts, outlays, and investments held:
Airport
Black lung disability
FDIC
Federal disability, insurance
Federal employees life and health
Federal employees retirement
Federal hospital insurance
Federal old-age and survivors insurance
Federal supplementary medical insurance
Highways
Military advances .
Railroad retirement
Military retirement
Unemployment
Thrift savings
Veterans life insurance
All other trust


$272 $481 -$210 $1,741 $1,148 $592 $9,937 $10.706
49 48 (**) 257 257 -1
-636 636 768 -768 17.040 15,503
1.768 1,864 97 8,601 9,197 -597 7.193 6.689
-215 215 -280 280 9,287 9,383
983 2.417 -1,434 13.368 11,440 1.927 180,516 183,942
5.857 4.472 1.385 27,108 20,860 6.248 50,779 55.484
18.346 16.258 2.088 89,756 79,488 10,268 58,356 66,444
3,128 2,774 354 14,015 13,816 199 6.166 6,221
1,069 945 124 6,041 5,453 588 12,691 13,697
753 765 -12 3.622 3,676 -54
529 538 -10 1.988 2,633 -645 6.688 6,897
1.694 1,597 96 19,857 7,783 12.074 30.637 39.753
2,416 1.780 636 8,258 6.852 1,405 27.917 27,849
127 4 123 565 8 557 727 1.191
39 87 48 665 402 263 11,440 11,759
414 354 60 1,466 1.409 57 2,409 2.694


Total trust fund receipts and outlays and
investments held from Table 6-D ..... 37,443 33,534 3,909 197,305 164,911 32,394 431,784 458,212


Interfund transactions


-5,766 -5.766


55,677 -55,677


Trust fund receipts and outlays on the basis
of tables 4 & 5


31,677 27,768 3,909 141.628 109,234 32.394


Total federal fund receipts and outlays ..... 30,460 58,271 27,811 213,619 335,720 122,101


Interfund transactions
Federal fund receipts & outlays on the basis
of table 4 & 5


43 -43


-265 -265


30.417 58.228 -27.811 213.354 335.455 -122.101


Offsetting proprietary receipts

Net budget receipts & outlays


1.739 -1.739


7.970 7.970


60 355 84 257 23.902 347 012 436 720 89 707


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


$10,479

16,144
6.641
9,598
182.469
56.726
68,581
6,550
13,730

7,073
39,840
28,500
1.309
11.696
2.679


462,015







Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, February 1988
and Other Periods (in millions)


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

RECEIPTS
Individual income taxes $25.651 $163,643 $158101
Corporation income taxes 975 25,876 22,376
Social insurance taxes and contributions
Employment taxes and contributions 25,739 116,909 107,083
Unemployment insurance 2,399 7,074 7,396
Other retirement contributions 362 1,974 2,004
Excise taxes 2,204 13,862 13,343
Estate and gift taxes 566 2.862 3.035
Customs 1,296 6.416 5,827
Miscellaneous 1,164 8,397 8,082

Total ......................................... 60.355 347,012 327,248

NET OUTLAYS
National defense 23.670 119,928 114.058
International affairs 516 3,177 6,015
General science, space, and technology 749 4,444 3.698
Energy.. 1,635 256 2,021
Natural resources and environment .... 969 5,894 5,296
Agriculture 1.014 12.883 16,842
Commerce and housing credit 866 3.376 1.286
Transportation 1,995 10.882 10,483
Community and regional development 459 2,805 2,619
Education, training, employment and social services 3,041 13.612 12.779
Health 3,650 17,760 15.746
Medicare 6,463 31,397 30,805
Income security 11.264 52,806 52.974
Social security 18.122 88.262 84,177
Veterans benefits and services 2,170 11,695 12.159
Administration of justice 704 3,507 2,829
General government 806 3.185 2,277
General purpose fiscal assistance 45 966 608
Interest 13.988 64.361 58,898
Undistributed offsetting receipts 2.868 13,963 -13.965

Total ..... .. .... .......... 84,257 436,720 421,605


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






GPO 932 838








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.
Onserrin 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 irut,i:c 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
:ntis.-ing 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 -:,~,...-r,

3. Notes on Outlays
Outlays are :j. -- i 1 ii. accounted for on the basis of checks issued by
Government 1' r-., .q 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 aS,.tur -.ng: .:,in r -
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, G aiier, u'r g
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, V /.-r,,nnton
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, V.' rr -,i.-.n
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 Bref, 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


The scheduled release date for the March 1988 Statement
will be 2:00 p.m. EST April 21, 1988.


























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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