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

MISSING IMAGE

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:
AA00010653:00070

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
'` : n^/-7


For Fiscal Year 1988
Jl i July 31, 1988,
j Periods


Monthly Treasury Statement 0 ,

of Receipts and Outlays of \t
the United States Government '

Department of the Treasury
Financial Management Service


,lo.
~ '~ Kg


: -* < ? "; I'**'-. t< ,' <.,
,,? =: k ^ ^ : % ,=,. ^
.. ... '+.."


Summary -
page 2




Receipts,'
Outlays
by Month -
page 26


Receipts -
page 6


Federal
Trust Funds
Securities -
page 28


Outlays -
page 7


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 ppro, ai 0, Iri F.scal a1 Z isa.. Serr-.,a., o ,fir., Treasury,
is normally released on t-.e titr,n ,or a, : inf i L~Tn iiLe llr., tr.,- '.c,ir,. month.
The publication is based on jart pro.aep b% Fedea efua; a7,1'.ur0 s-. officers.
and Federal Reserve bars .' **" "


Audience "' d' V.
The MTS is published :. m,: r ite m oi Trz:o e r,. ,,:,,-,t';. l o')i1 .reei .d
in the cash position of the TraSuf.Tr,r.j .,rio are i pons.c,.ie ,t or .-.ere:ie.j
in the Government's budget resultsa- d inidividu als- a'". cru- rieS ,5 Snc'.ie oer a.
tions depend upon or are eialteo the Governmenr nar,,a ,'ear,..r,;
-4 4
Disclosure Statement '" .-
This statement sumrrn '3,:e;, r,, j tr. -,ai:al act:i4a of ir.e Federal Government
and off-budget Federal eni.it c.:..n,]uciia ,r. i ,:..:.-r, ce .,r me 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 Deficit/Surplus


FY 1987
October .... ...
November .......
Decem ber .... .. ..... .. ...
January .
February
March ... .
April .......
May
June ...
July ....
August
September ......

Year-to-Date . ...





FY 1988
October .
November ........
December .. ...
January ...
February
March .... .
April
May
June ... ... .. .. .. ...
July ....

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


$59,012
52.967
78,035
81.771
55,463
56.515
122,897
47,691
82,945
64.223
60,213
92,410


$84,302
80,054
'90,404
83.928
83.842
84,446
84.000
83,328
83,568
86,562
82,009
77,206


$25,290
27,087
12,369
2,157
28,379
27,931
-38,897
35,637
623
22,339
21,796
-15,204


854,143 11,003,649 1149.506


62.354
56,987
85.525
81.791
60,355
65.730
109,323
59,711
299.205
60,690

$741,672


93,164
84,009
109.889
65.895
84,382
95.013
95.554
82,295
289,862
83,634

1 $883,697


30.810
27,022
24,363
-15.896
24.027
29,283
13.769
22,583
9,343
22,944

1S142,025


1The outlays by month for FY 1987 have been increased by a net of $582 million to reflect reclassilcation of the Thri t Savings Fund rece pts of $736 mlihon and Federal Ret recent Thrft invest.
ment Board (FRTIB) administrative expenses of $154 million to a non-budgetary status The Federal Retirement Thrift Investment Board outlays by month for 1988 have been adjusted by a net of $1 084
million Data for fiscal years 1987 and 1988 previously reported by Treasury for Federal Savings and Loan Insurance Corporatton and FRTIB have been reclassifted n consultation with the Othce of
Management and Budget resulting in revised totals as shown above Historical tables in the Budget will be changed to agree w'th Treasury totals with the exception of a difference of $7 million for
the Small Business Administration
includes an adjustment of $142 million for earned income credit payments for June 1988 and a corresponding increase o ret funds
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, July 1988 and
Other Periods (in millions)


Classification


Current
Month


Total on-budget and off-budget results:
Total receipts .

On-budget receipts ....
Off-budget 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 .


$60,690

40,980
19,710


Actual
Fiscal Year
to Date


$741,672

540,862
200,810


Budget
Estimates
Full Fiscal
Year



$913,411

671.225
242,186


Actual
Previous
Fiscal Year
to Date
(1987)



$701.519

523,476
178,044


Budget
Estimates
Next Fiscal
Year (1989)1


$974,045

711,958
262,087


83,634 883,697 1,065,759 844,434 1,096,740

66,818 716,328 863,303 684,113 885,877
16,816 167.369 202,456 160.321 210,863

-22.944 -142,025 -152,348 -142.914 -122,695

-25,838 -175,466 -192,078 -160,637 -173.919
+2,894 + 33,442 +39,730 +17.723 + 51,224


22,944


3,665
15,696
3,583


142,025


128,136
12,527
1,362


152,348


132,708
16,436
3,204


142,914


126,607
11,967
4,341


122,695


117,780

4,915


1Based on the Mid-Session Review of the FY 1989 Budget released by the Office of Management and Budget on July 28, 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








30 -

0


-30 -


-60 Deficit( -)/Surplus


90

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


I






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

In billions of dollars
IAn.-


A Total Receipts


Oct. Dec. Feb. Apr. June Aug. Oct. Dec. Feb. Apr. June July
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

20 ...... National Defense:-


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







Table 3. Summary of Receipts and Outlays of the U.S. Government, July 1988 and Other Periods (in millions)

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


Budget Receipts
Individual income taxes ............ $25,791 $327,455 $325,876 $405,188
Corporation income taxes .. .. ...... .... 1,499 72,067 61,853 93,361
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget) ...... 19,710 200,810 178,044 242,186
Employment taxes and contributions (on-budget) ... 5,254 52,816 49,765 63,601
Unemployment Insurance ..... .... 1,598 19,754 20.402 24,531
Other retirement contributions ........ 354 3,889 3,993 4,713
Excise taxes .... ........... ... ..... 3,250 28,892 26,970 34,669
Estate and gift taxes ........... 627 6,255 6,319 7,567
Customs duties .... 1,343 13,181 12,419 17,086
Miscellaneous receipts ... .... ... 1,265 16,554 15,878 20,510

Total Receipts ...................................... 60,690 741,672 701,519 913,411

(On-budget) ...................................... 40,980 540,862 523,476 671,225

(Off-budget) ...................................... 19,710 200,810 178,044 242,186

Budget Outlays
Legislative Branch ... ... 155 1,542 1,528 1,942
The Judiciary ..... .. .. . 92 1,076 944 1,409
Executive Office of the President ... .. ..... 25 118 94 124
Funds Appropriated to the President ............... ....... 1,105 8,156 9,005 9,429
Department of Agriculture ............ .. .. 2,300 39,018 45,535 46,907
Department of Commerce ...... ...... .... 165 1,866 1,896 2,489
Department of Defense-Military ........ .............. 23,856 237,128 228,831 277.275
Department of Defense-Civil ... 1,867 18,258 17,151 22,284
Department of Education ...... ... .. .......... ....... 1,012 15,018 13,949 18,970
Department of Energy .......... ..... ..... ..... 712 9,369 9,042 10,853
Department of Health and Human Services,
except Social Security . .... ..... 12,039 130,772 126,570 160.573
Department of Health and Human Services, Social Security .... 17.189 177,964 168,207 214,052
Department of Housing and Urban Development .......... 1,339 15,482 13,123 19,457
Department of the Interior ..... ......... .... 367 4,088 4,181 5,382
Department of Justice .. .. ............. ...... 519 4,544 3,502 5.159
Department of Labor .. .. .. .. .................... 1,918 18,304 20,099 22,016
Department of State ... ..... ........... 389 2,844 2,357 3,321
Department of Transportation ........... ........... 2,274 21,254 20,649 26,102
Department of the Treasury:
Interest on the Public Debt .. ......... ......... 14,534 183,639 167,143 213,654
Other . .. 1,243 -9,113 11,807 11,314
Environmental Protection Agency .... .......... ...... 394 4,038 4,076 4,859
General Services Administration .... ..... ........ 530 672 304 -22
National Aeronautics and Space Administration ... .... 805 7,845 6,249 9,112
Office of Personnel Management ... ................. 2,645 24,610 22,243 28,838
Small Business Administration . 20 14 -10 128
Veterans Administration ...... ............ ....... 2,355 23,892 23,642 28,754
Other independent agencies . 137 12,291 11,504 22,685
Allowances, undistributed ...........................
Undistributed offsetting receipts:
Interest. ........................ 62 41,003 35,331 41,937
Other ........... ................. ... 2,706 28,643 29,634 36,742

Total Outlays ....................................... 83,634 2883,697 2844,434 1,065,759

(On-budget) ............................. ........ 66,818 716,328 684,113 863,303

(Off-budget) ........................ ............ 16,816 167,369 160,321 202,456

Surplus (+) or deficit (-) ................... ......... -22,944 2 -142,025 2 -142,914 -152,348

(On-budget) ..................................... -25,838 -175,466 -160,637 -192,078

(Off-budget) ..................................... +2,894 +33,442 +17,723 +39,730

'Based on the Mid-Session Review of the FY 1989 Budget released by the Office of Management and Budget on July 28, 1988
2The outlays by month for FY 1987 have been increased by a net of $582 million to reflect reclassification of the Thrift Savings Fund receipts of $736 million and Federal Retirement Thrift Invest-
ment Board (FRTIB) administrative expenses of $154 million to a non-budgetary status.
Source: Financial Management Service, Department of the Treasury.
... No Transactions.







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


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

Gross Refunds Gross Refunds Gross Refunds Receipts
Receipts (Deduct) Receipts Receipts (Deduct) Receipts Receipts (Deduct) Receipts
Recepts(Deuct) Rceits (edut)


Individual income taxes:
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
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.
State taxes deposited in Treasury
Federal Unemployment Tax Act taxes ..
Railroad Unemployment taxes
Railroad debt repayment
Total-Unemployment insurance
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
All other
Total-Miscellaneous receipts ......... ......

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

Total-On-budget. . .

Total-Off-budget . .


1 N".*-


$ *.r -


27,869 '12,078


$25,791 396,377


-i b "i- iSt


2$68,922 $327,455


395,640 $69,763 $325,876


3,101 1,602 1,499 85,926 13,859 72,067 78,674 16,821 61,853




17,986 17,986 172,752 512 172,240 148.270 405 147,865
10,938 10,938 9,023 9.023
(**) () 36 36 5.395 5,395
(* ) (**) (**) (**) (* *) *(")
17.986 17,986 183,727 512 183.215 162,689 405 162,283

1.724 1,724 16.583 48 16,534 14,257 32 14.225
1,052 1,052 879 879

(*) () 9 .9 656 656
. .. .__ .. (--( ) (- ')
1,724 1,724 17,644 48 17.595 15,792 32 15,760

4.885 4,885 46.658 147 46.511 42,139 120 42,019
2.993 2,993 2,495 2,495
332 332 330 .... 330
('*) ('') -43 -43 1,904 1,904
4,885 4,885 49,941 147 49,793 46,869 120 46,748

220 2 218 1,924 26 1,899 1,931 4 1,926
151 151 1,124 1,124 1,091 1,091

24,966 2 24,964 254,359 733 253,626 228,371 562 227,809

1,097 1,097 14,769 14,769 14,850 14.850
480 2 478 4,909 242 4,667 5,351 143 5,208
22 22 170 170 202 202
1 1 147 147 141 141
1,600 2 1,598 19.996 242 19,754 20,545 143 20,402

340 340 3.759 3,759 3,866 .... 3,866
2 2 29 29 41 41
(' ) ('') 2 2 2 2
342 342 3,790 .. 3,790 3.909 .. 3,909

11 11 99 99 84 84

26,920 4 26,915 278,243 975 277,269 252,909 705 252,204


1,799
246
1,265
26
3,335

642

1,383

1,049
216
1,265

64,515

44,805

19,710


85 1,713
246
1,265
26
85 3,250

15 627

40 1,343


(' *)

3,825

3,825


'Includes $63 million of estmnaed earned income credit payments in excess of tax hiabisiy
includes an adiustment of $142 million for earned income credit payments for June 1988.
includes amounts rece ved for windfall profits ax pursuant to P L 96-223
No Transactions
(" Less than $500 000
Note Detalis may not add to tas due to wounding
Source Financial Management Service Department of the Treasury


1.049
216
1,265

60,690

40,980

19,710


14,746
2,548
11.880
502
29,675

6,406

13,586

14.307
2,247
16,555

826,768

625,398

201,371


522
5
256

783

151

405


1
1

85,096

84,536

560


14.223
2,543
11,624
502
28,892

6,255

13,181

14,307
2.246
16,554

741.672

540,862

200,810


13,671
2.578
10.894
489
27,631

6,460

12,819

13,942
1.939
15,881

790.015

611,534

178.481


530
6
125

662

142

400



3
3

88,495

88,058

437


13,140
2.571
10,769
489
26,970

6,319

12,419

13.942
1.936
15,878

701,519

523,476

178,044


and a corresponding increase of refunds


Classification







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


Classification


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 ... .....
O their . .

Total-Executive Office of the President ...........
Funds Appropriated to the President:
International Security Assistance:
Guarantee reserve fund ..... .
Foreign military sales credit ...
Economic support fund .. .. .
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 ...
O th e r . . . .

Total-International Development Assistance .......
Table continued on next page.


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

Gross Applicable ^, Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts outlays


$28 (' ) $27 $280 (*) $279 $254 ('') $254
45 (C*) 45 475 $1 475 407 $1 407
8 8 75 75 77 77
1 1 14 14 14 14
10 $1 10 105 6 99 99 8 92
21 21 257 257 330 330

(") (") 29 -29 8 8
8 8 86 86 75 75
31 31 256 256 244 244
1 1 20 20 20 20
2 2 17 17 14 14
(") (") 4 -4 4 -4
2 -2 2 2

156 1 155 1,553 11 1,542 1,541 13 1,528


1 1 14 14 14 14

85 85 1.011 1.011 880 880
5 5 51 51 50 50

92 92 1,076 ...... 1,076 944 ...... 944



1 1 23 23 22 22
1 1 32 32 32 32
24 24 64 64 40 40

25 ...... 25 118 ...... 118 94 .. 94



49 -2 51 573 408 166 665 765 -100
489 70 419 3,898 1,437 2,461 3,596 625 2,971
181 181 2,816 2,816 3,069 3,069
24 24 520 520 165 165
8 8 30 .... 30 41 41
6 6 38 38 39 39
6 -6 201 -201 368 -368

757 75 683 7,874 2,045 5,829 7,577 1,758 5,819




210 210 620 620 387 387
39 39 138 138 221 221
41 41 441 .. 441 217 217
45 45 240 240 252 .. 252

335 335 1,439 1,439 1,077 1,077


166 166 1.086 1,086 1,157 1,157

32 32 362 362 300 300

45 ...... 45
26 3 23 237 33 204 246 26 219
87 -87 680 -680 654 -654

225 90 135 1.684 713 971 1,748 681 1,067

2 2 16 16 14 14
13 13 120 120 98 ... 98
5 20 -16 47 122 -75 46 88 -42
5 3 1 31 15 16 28 15 13

584 113 471 3,337 851 2,487 3.011 783 2,228







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

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


Funds Appropriated to the President:-Continued
International Monetary Programs .. .
Military Sales Programs:
Foreign n,h,r sales trust fund .
O their ......
Proprietary receipts from the public
O their ...... ....

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

Department of Agriculture:
Departmental Administration "
Agricultural Research Service ......
Cooperative State Research Service .
Extension Service
Foreign Agricultural Service .
Foreign Assistance Programs .
Agricultural Stabilization and Conservation Service:
Conservation Program ........ .. ....
Other
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:
Agricultural credit insurance fund .
Rural housing insurance fund ...
Rural development insurance fund .
Other
Rural water and waste disposal grants
Salaries and expenses .....
Other ..

Total-Farmers Home Administration ....

Soil Conservation Service:
Conservation operations ..
Water resource management and improvement
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 .
Nutrition assistance for Puerto Rico
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
Other

Total-Forest Service

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


$103


$103 -$180


$180 -$476


$476


782 782 7,680 7,680 8,309 ... 8,309
18 $35 -17 202 $251 -48 197 $211 -14
918 -918 7,633 -7,633 ... 6.959 -6,959
1 1 21 21 100 100


2,245 1,141 1,105 18,935 10,779 8,156 18,717 9,712 9,005


-3 3 87 87 84 84
42 42 449 449 436 .... 436
22 22 246 246 229 229
21 21 268 268 269 ... 269
6 6 72 .... 72 69 69
113 113 661 661 693 693

17 17 363 363 100 100
-18 -18 -24 -24 11 11
25 7 18 385 165 220 532 142 390

710 1,299 -589 22.392 9,101 13.291 26,262 6,998 19,264
1 1 126 126 146 146
99 138 -39 2,948 4,954 -2.006 2,093 1.889 204



782 40 742 5,147 2,653 2,494 5,585 3,180 2,405
734 135 599 5,064 2.136 2,928 4,816 2.921 1,895
157 656 -499 2,487 2,460 28 2,054 1,326 728
(*') (*') 1 (' ) -1 -2 (* ) -2
11 11 112 112 130 130
30 30 334 334 316 316
5 5 54 54 45 45

1,719 831 888 13.197 7,248 5.948 12,945 7,428 5,517


43 43 373 373 300 .... 300
17 17 164 164 186 186
4 4 39 39 35 35
26 26 292 292 272 272

20 20 310 310 308 308
38 38 148 148 95 3 92
30 30 331 331 313 ... 313

1,060 1,060 10,975 10,975 10.401 10,401
("*) ( ) 1 1 2 2
304 ..... 304 3,934 3934 3,767 3.767
149 149 1,521 1,521 1,418 1,418
20 ... 20 240 ...... 240 232 232

1,532 1,532 16,671 16,671 15,820 .... 15.820


115 115 1,155 1,155 1,000 .... 1,000
19 19 190 190 172 172
11 11 112 112 99 .... 99
18 18 201 201 190 190
23 23 155 155 31 31
24 24 137 137 130 130

211 211 1,950 1,950 1,623 1,623

22 3 19 237 31 205 235 26 209


118 -118 1.168 1.168
( ')


1.034 1,034
(")


Total-Department of Agriculture ................. 4,695

Table continued on next page.


2,395 2.300 61,685 22,666 39,018 63,055 17,520 45,535








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


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

Gross Applicable Gross Applicable Gross Applicable O
Outlays Receipts Outays Outlays Receipts Outlays Outlays Receipts lays


Department of Commerce:
General Administration $40
Bureau of the Census ... 39
Economic and Statistical Analysis ........ 5
Promotion of Industry and Commerce. 16
Science and technology:
National Oceanic and Atmospheric Administration 53
Patent and Trademark Office .
National Bureau of Standards ... 12
National Telecommunications and Information
Administration . 3

Total-Science and Technology .. 69

O their . ... 4
Proprietary receipts from the public .
Intrabudgetary transactions .. ( *).

Total-Department of Commerce .................. 173

Department of Defense-Military:
Military personnel:
Department of the Army ... ...... ... 2,669
Department of the Navy .. .. .... 2,295
Department of the Air Force .............. ..... 1,910

Total-Military personnel ....... .. 6.874

Operation and Maintenance:
Department of the Army .... .. 1,933
Department of the Navy .. 2,313
Department of the Air Force 1,929
Defense agencies 549

Total-Operation and Maintenance ........... 6,724

Procurement:
Department of the Army 1,412
Department of the Navy 2,602
Department of the Air Force 2,398
Defense agencies ........ ....... .... 162

Total-Procurement 6,574

Research, Development, Test, and Evaluation:
Department of the Army 315
Department of the Navy 8. ...... 872
Department of the Air Force. 1,005
Defense agencies ... 548

Total-Research, Development, Test, and Evaluation 2,741

Military Construction:
Department of the Army ... 156
Department of the Navy ..... 132
Department of the Air Force .. .... 119
Defense agencies ........ ... 63

Total-Military construction .. ..... 470

Fam ily housing .. ..... .. .. .. ........ 246
Revolving and Management Funds:
Public Enterprise Funds ..... .. ....... ( *)
Intragovernmental Funds:
Department of the Army 141
Department of the Navy ..... .. ...... .. 46
Department of the Air Force 25
Defense agencies .. ..... 245
O their ................ ... ........ .. ....... ... 29
Proprietary receipts from the public ...........
Intrabudgetary transactions .............- 8

Total-Department of Defense-Military ............ 23,823


$3 $37 $256
39 276
5 64
16 177

1 52 1.031
2 71
12 97

3 27

1 69 1,227

4 21
4 4
(*) 4

8 165 2,016


2,669 24,074
2,295 21,267
1,910 17,721

6,874 63,062


$97 $160 $408
276 181
64 54
177 203

10 1.021 983
71 73
97 96

27 28

10 1,216 1,180

21 ("**
43 -43
4 -5

150 1,866 2,021


$67 $341
181
54
203

20 963
73
96

28

20 1 160


37 37
5

125 1,896


24,074 23,530
21,267 20,639
17,721 17,639

63,062 61,809


23.530
20,639
17,639

61 809


1,933 20.599 20,599 18,038 20,038
2,313 23.728 23,728 20.433 20.433
1,929 19,872 19,872 17,059 17.059
549 6.101 6,101 6.963 6,963

6,724 70,300 70,300 62,493 62,493


1,412 13,788 13,788 13.211 13,211
2,602 24,514 24,514 24,005 24,005
2,398 25,851 25,851 27.752 27,752
162 1.539 1,539 1,551 1,551

6,574 65,692 65,692 66,519 66.519


315 3,942 3,942 3,799 3,799
872 7,521 7,521 7,535 7 535
1.005 11,628 11.628 11.254 11,254
548 5,767 5,767 5,140 5,140

2,741 28.857 28.857 27,728 27,728


156 1,465 1.465 1,594 1,594
. 132 1.428 1,428 1,288 1.288
119 1,361 1,361 1,420 1 420
63 629 629 409 409

470 4,882 4.882 4,710 4,710

246 2,534 2,534 2,342 2,342

(**) ('*) 2 2 (**) 11 2 9

-141 323 323 394 394
46 767 767 2,023 46 1,977
25 558 558 436 4 36
245 121 121 809 809
26 2 308 267 41 293 266 28
-59 59 333 -333 755 755
-8 324 324 332 332

-32 23,856 237,730 602 237,128 229,900 1,068 228,831


Table continued on next page.


Classification







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

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


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

Total-Corps of Engineers ...... ..

Military retirement fund:
Payments to military retirement fund
Military retirement fund .
Retired pay ..
Intrabudgetary transactions ... .
Education benefits fund
O their .. . .
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 .
Chicago litigation .
Indian education .

Total-Office of Elementary and Secondary Education

Office of Bilingual Education and Minority Languages
A 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
Other ... .

Total-Office of Postsecondary Education ..

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

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


$10
96
127
20
67


$10 $105 $105 $102
96 860 860 777
127 1,041 1,041 1,039
20 217 217 223
67 387 387 164


$102
777
1,039
223
164


$55 -55 .. $149 149 $61 -61

319 55 264 2.610 149 2,461 2.305 61 2,244


S. 10.285 10.285 10,524 10,524
1,605 1,605 15.785 15,785 15,036 15,036
(**) .. (*) 2 2 2 ... 2
.. 10,285 10.285 -10,524 10,524
-11 -11 -44 -44 -165 -165
10 (**) 10 60 1 60 41 (*') 40
......) (**) 6 -6 ... 5 -5

1,922 55 1,867 18,413 155 18,258 17,218 67 17,151



271 271 3,533 3,533 2,769 2.769
19 19 586 586 631 631
58 ... 58 354 354 630 630

4 4 20 20 15 15

352 352 4,493 4,493 4.045 4 .045


-4 .. -4 129 129 100 100

'-39 -39 1,149 1,149 1,019 1.019
108 108 1.330 1.330 1.205 1.205
7 7 74 74 93 93
146 146 998 998 1,200 1.200

5 4 1 54 353 -299 56 560 -504
276 276 4.264 4,264 4,005 4,005
120 120 2,210 2,210 2.044 2,044
18 18 253 253 282 282
13 13 132 132 182 182
-4 -4 66 66 -76 -76
4 4 23 23

431 4 427 6.871 353 6.518 6,493 560 5,933

5 5 142 142 174 174
17 17 239 239 242 242
8 -8 55 -55 63 -63

1,023 12 1,012 15,426 408 15,018 14,572 623 13,949


Department of Energy:
Atomic energy defense activities 556 556 6,293 6.293 6,152 6,152
Energy programs:
General science and research activities ... 63 .... 63 606 606 568 568
Energy supply, R and D activities 174 174 1,711 1,711 1,676 1,676
Uranium supply and enrichment activities 53 53 1.016 1,016 865 865
Fossil energy research and development 27 27 266 266 264 264
Naval petroleum and oil shale reserves 16 16 155 155 121 121
Energy conservation 22 22 270 270 209 209
Strategic petroleum reserve 33 33 485 485 648 648
Federal energy regulatory commission 9 9 84 84 80 80
Alternative Fuels Productions (") (") 1 1 1 1
Nuclear waste disposal fund 30 30 347 347 366 366
Other 21 21 259 259 215 215

Total-Energy Programs 448 448 5,199 5,199 5,013 5.013

Power Marketing Administration 88 105 17 1,056 1,064 7 1 023 965 58
Departmental Administration 46 46 332 332 332 332
Proprietary receipts from the public 296 -296 2,288 2,288 2.428 2,428
Intrabudgetary transactions 24 24 160 160 85 85

Total-Department of Energy .................... 1.114 401 712 12,722 3,352 9,369 12,435 3,393 9,042


Table continued on next page.








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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable O Gross Applicable Outla Gross Applicable
Outlays Receipts Ouulays Outlays Receipts u s Outlays Receipts uays


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
O their ... .. .. .
Health resources and services .
Indian Health Service ..
Centers for Disease Control .
National Institutes of Health:
Cancer Research .
Heart, Lung, and Blood Research ....
Diabetes, Digestive and Kidney Diseases ..
Ne-jrI.ga.; ,1 .-.d Communicative Disorders and Stroke
Alleru j.n' irnectious Diseases .
Genieri lMed.c al 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 .
O their ........ ..... .
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 Eneir, As-istance .. .....
Refugee and Enrar.i A:-. n e .....
Community Services ......
Interim assistance to states for legalization ...
O th e r . . .. . .. . .

Total-Family Support Administration .. ....

Human Development Services:
Social services ........ .......
Human development services .......
Payments to states for foster care and adoption assistance
O their ..... .......

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 ......
O their ........ ........

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


$42 ('') $42 $384 $2 $382 $344


$2 $342


-6 6
-2 2 26 26 20 20
90 90 1,274 1,274 1,228 1,228
78 78 773 773 726 726
52 52 498 498 365 365
117 117 1,171 1,171 1,053 1,053
88 88 807 807 694 694
42 42 436 436 396 396
42 42 422 422 367 367
48 48 454 454 332 332
49 49 475 475 389 389
30 30 306 306 271 271
72 72 741 741 558 558
22 22 283 283 239 239
-13 -13 126 .. 126 75 75

498 498 5,222 5,222 4,375 4,375

86 ...... 86 1,067 1,067 982 .... 982
25 .. 25 205 205 169 169
867 (**) 867 9,450 2 9,447 8,203 2 8,202

2,328 2,328 24.868 24,868 22,911 22,911
2,322 ... 2,322 23,028 23,028 17,855 17.855
35 35 55 55 67 1 66

3,725 3,725 42,761 42.761 42.102 42,102
-13 .... -13 524 524 736 736

3,712 3,712 43,285 43,285 42,838 42,838

2,481 2.481 27,364 27,364 24,955 24,955
166 166 1,094 1,094 744 744

2,647 2,647 28,457 28,457 25,698 25,698
11,045 ...... 11,045 119,694 119,694 109,368 1 109,367

786 .... 786 5,417 5,417 5,446 5,446
76 76 769 769 799 799
1,004 1,004 9,606 9,606 9.873 9.873

1,866 1,866 15.791 15,791 16,117 16,117

6 6 60 60 44 44
950 ... 950 9,041 9,041 8,946 8,946
32 .. 32 1,521 1,521 1,760 1,760
8 .... 8 258 258 349 349
33 ... 33 342 342 301 301
(* *) (* *) (* *) (* *)
9 9 73 73 116 116

1,037 ..... 1,037 11,297 11,297 11,516 11,516

152 152 2,186 .. 2,186 2,240 2,240
110 ..... 110 1,666 .... 1,666 1,612 1,612
65 65 854 ... 854 697 697

327 327 4,706 4,706 4,548 ...... 4,548
80 .... 80 168 168 89 89
$780 -780 7,222 -7,222 5,415 -5.415


-2.322 ... 2.322 -22,071 -22,071 16.909 -16,909

-80 .... -80 -1,037 -1.037 -946 -946


12,819 780 12,039 137,996 7,224 130,772 131,988 5,418 126,570


Table continued on next page.







Table 5. Outlays of the U.S. Government, July 1988 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 Outlays Outlays Receipts Outlays


Department of Health and Human Services,
Social Security:
Federal old-age and survivors insurance trust fund:
Benefit paym ents . .................... .
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 2 .. ..................

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 ..... ........ ..
O th e r . . .. . ..

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 Dvelopment:
Public enterprise fund ... ........... . .
Community Development Grants ....... .. ..........
Urban development action grants .. ..............
Rental rehabilitation grants .......... ... ........ ..
O the r .. ...... .. .. .. .. ...... ...

Total-Community Planning and Development .......

Management and administration .. ......... ....
O their ... .. ..... .. ... ........... .

Total-Department of Housing and Urban Development


$16,295
112




1R 4A7


$16,295
112




1R 4n7


$159,923
1,479
2,790

836

IR r R


$159,923
1,479
2,790

836

165 NR


$151,376
1,381
2,557

625

1559 QQ


$151,376
1,381
2,557

625

1 5K QQ


1,812 1,812 17,802 ...... 17,802 17,064 17,064
67 ...... 67 721 .. 721 565 ... 565
. . .... 61 ...... 61 57 57
...... .... ...... 80 ...... 80 60 ...... 60

1,879 .. 1,879 18,663 18,663 17,746 .. 17,746

. ("* ) ("*) ...... ("*) (") $33 -33
-1,097 ...... -1,097 -5,728 ...... -5,728 -5,446 ...... -5,446


17,189 (*) 17,189 177,964 ("*) 177,964 168,240 33 168,207




498 $556 -58 6,064 $4,927 1,137 4,744 5,240 -496
20 43 -23 774 413 361 868 435 433
1 5 -4 37 52 -15 83 54 29
2 ...... 2 38 ...... 38 39 ...... 39
(V*) ... ( ) 146 ...... 146 150 ...... 150
50 ...... 50 484 .... 484 562 562
6 6 55 ...... 55 58 .... 58
54 .. .... 54 680 .. 680 732 ...... 732
39 ... 39 177 ...... 177 (**) ... .. (**)
1 ...... 1 18 ...... 18 18 ..... 18
776 ...... 776 7,553 ...... 7,553 6,866 6,866
5 ...... 5 8 ...... 8 -53 -53

1,452 604 848 16,035 5,392 10,642 14,068 5,729 8,339


117 ..... 117 1,175 1,175 1,070 1,070
91 5 86 1,119 82 1,037 1,261 101 1,160

208 5 203 2,294 82 2,212 2,331 101 2,230


1 14 -13 103 377 -273 112 489 -377
85 37 48 507 592 -86 140 353 -214
(* ) ...... (**) -63 .... -63 28 .... 28

86 51 35 547 969 -422 280 843 -563


6 9 -3 85 112 -27 62 136 -73
199 ...... 199 2,479 ...... 2,479 2,506 26 2,480
11 11 192 .... 192 317 317
9 ...... 9 84 ... 84 83 83
6 ...... 6 38 ...... 38 21 21

231 9 222 2,879 112 2,766 2,990 162 2,828

31 31 270 .... 270 267 .... 267
1 ...... 1 14 ...... 14 23 ...... 23

2,008 669 1,339 22,038 6,556 15,482 19,958 6,835 .13,123


Table continued on next page.


Classification







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

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


Department of the Interior:
Land and minerals management:
Bureau of Land Management:
Management of lands and resources ...............
Payments in lieu of taxes .......... .
O the r ....... ... ........... ... .. ...
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 .. ...............
O the r .. ..... .......................... ....
Geological Survey ... .... ....................
Bureau of M ines ...... ... ............

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 ....... ......................
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..................... .
O the r .... .. .. ... ..... ... .....

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
fund s .... ........ .. .......... ... ...... .
O their .. ....... ..... .. .. ......... .. ...


.... $52
(**)
. .. 7
... 43
. ... 27

1 0


$407
..... 1
153
468
292

1 391Q


$358
(' *)
148
450
267

1 224


60 $5 55 551 $53 499 623 $52 571
13 13 122 .... 122 110 110
-36 ...... -36 98 ...... 98 150 ..... 150
49 ...... 49 389 389 333 333
11 2 9 131 17 114 126 17 109

98 6 91 1,291 70 1,222 1,342 69 1,273


56 ...... 56 582 .. 582 499 499
85 ...... 85 822 .. 822 794 794

142 ...... 142 1,404 ..... 1,404 1,293 1,293


69 ...... 69 799 .. .. 799 778 778
9 ..... 9 72 72 97 ...... 97
69 ...... 69 361 .. 361 262 262
8 17 -9 80 25 54 58 9 48

156 17 139 1,312 25 1,286 1.194 9 1,185

28 .... 28 259 ..... 259 380 1 379
-3 ...... -3 64 ...... 64 70 70


. .. (' ) ( *) ...... (**) (* ) ... 1 1
... 159 -159 ...... 1,462 -1,462 .. 1,208 -1,208
(**) (**) -3 .... -3 -34 ...... -34

549 182 367 5,646 1,558 4,088 5,469 1,288 4,181


97 ...... 97 994 ...... 994 674 674
144 ...... 144 1,167 ...... 1,167 1,025 1,025
43 .... 43 424 ...... 424 353 353
89 .. 89 798 ... 798 570 570
81 4 77 828 36 792 635 33 602
29 ...... 29 272 (") 272 198 (*) 198
42 ...... 42 97 ... 97 81 81

523 4 519 4,579 36 4,544 3,536 33 3,502



426 ...... 426 2,950 ...... 2,950 2,810 2.810
23 .. 23 271 ..... 271 307 307
13 .... 13 144 144 76 76

(V*) ...... (") 25 .... 25 27 27

2 ...... 2 30 30 140 140
4 ...... 4 53 ... 53 53 53


Table continued on next page.







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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Outlays Gross Applicable Outlays ross Applicable Outlays
Outlays Receipts Outlays Receipts 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 .
O their ..... ... .. ..

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
:r ..ipnri.r, 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
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


$923
210
10
9

4
2

1,158

1,626


$923 $11,556
210 1,988
10 110
9 112

4 101
2 28

. 1.158 13.894

1,626 17.368


$11,556 $13,288 $13,288
1,988 1,931 1.931
.... 110 62 62
.... 112 110 110
803 803
... 101 147 147
28 19 19

13,894 16.360 16,360

... 17,368 19,775 19,775


5 .. 5 54 ..... 54 48 48
46 $9 37 329 $571 -242 443 $343 99

15 .... 15 164 164 146 146
158 .. 158 -4 -4 -33 -33
49 49 530 530 533 533
6 6 60 60 59 59
16 16 183 183 176 176
12 .... 12 138 138 124 124
15 15 145 145 138 138
12 12 124 .... 124 113 113
(**) (**) 3 -3 .... 2 -2
-31 ..... -31 -215 ... -215 -1,076 .... 1,076

1,928 10 1,918 18,878 574 18,304 20,445 345 20,099



165 165 1,383 1,383 1,278 1,278
26 26 266 266 210 .... 210

86 86 127 127
26 26 236 236 216 216
1 1 19 19 31 31

218 .. 218 1,990 ...... 1,990 1,862 1,862

30 30 517 517 293 293
122 122 325 325 285 285
9 9 76 76 47 47
10 10 59 ... 59 44 44
( ) ( ) 2 -2 .. ( ) (**)
(*) () 122 -122 -174 .174

389 ( *) 389 2,845 2 2,844 2,357 ( *) 2.357




1,224 1,224 10,612 10,612 9,837 9,837
7 7 73 73 35 22 13
8 8 69 69 81 81

1,240 1,240 10.754 ... 10,754 9,954 22 9,931

17 17 169 169 174 174


Table continued on next page.






Table 5. Outlays of the U.S. Government, July 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 Outlays Outlays Receipts ays Outlays Receipts Outlays


Department of Transportation:-Continued
Federal Railroad Administration:
Grants to National Railroad Passenger Gorporation $148
Other .. 14

Total-Federal Railroad Administration 163

Urban Mass Transportation Administration:
Formula grants .... .... 133
Discretionary grants .. 62
Other ... .. 30
Federal Aviation Administration-
Operations .. ..... .. .... 155
O their .. .... ... 4
Airport and airway trust fund:
Grants-in-aid for airports 75
Facilities and equipment 94
Research, engineering and development 17
Operations 69

Total-Airport and airway trust fund 255

Total-Federal Aviation Administration 414

Coast Guard:
Operating expenses 146
Acquisition, construction, and improvements 38
Retired pay .. ... 31
O their ... .... ..... 15

Total-Coast Guard ... ... 230

Maritime Administration:
Public enterprise funds 9
Operating-differential subsidies ......... 15
Other 7
O their ............ .... .... 8
Proprietary receipts from the public ....... .....
Intrabudgetary transactions ...... 1


Total-Department of Transportation ............ 2,309

Department of the Treasury:
Departmental Offices 43
Financial Management Service:
Salaries and expenses ..... .. 14
Claims, Judgements, and Relief Acts 17
Energy Security Reserve ... 8
O the r .. ... .... ... .. .. .. .. ... ... 2

Total-Financial Management Service ...... 40

Federal Financing Bank .. ... ..... 1,676
Bureau of Alcohol, Tobacco and Firearms:
Salaries and expenses . 8
Internal Revenue collections for Puerto Rico 19
United States Customs Service ...... 59
Bureau of Engraving and Printing ..... .... 6
United States Mint .. ............. 5
Bureau of the Public Debt ....... 8


$148 $591 $591 $597 $597
14 -10 $13 23 170 -$6 176

163 581 13 568 767 6 773


133 1,661 1,661 1,554 1,554
62 554 554 514 514
30 515 515 697 697

155 1,957 1,957 1,841 1,841
4 38 (*) 38 67 (") 67

75 639 639 707 707
94 851 851 695 695
17 130 130 139 ...... 139
69 688 688 559 559

255 2.308 2,308 2,101 2.101

414 4.304 (**) 4.304 4.009 (*) 4,009


146 1,507 1,507 1,419 1,419
..... 38 322 322 347 347
31 299 ... 299 289 289
$1 14 133 4 129 108 4 105

1 230 2,261 4 2,256 2,164 4 2,160


33 -24 381 284 98 716 195 522
.... 15 182 182 196 196
7 98 98 89 89
1 -9 122 9 113 101 11 90
(*) (**) 4 -4 54 -54
1 -13 .. -13 -7 .... -7


35 2,274 21,568 314 21,254 20,929 280 20,649


43 -1,264

14 205
..... 17 1,203
8 62
2 28

..... 40 1,498

1,795 -119 13,375

8 165
19 177
.. 59 1,087
-6 -24
5 88
8 163


13,259


1,264 -1,169

205 187
1,203 320
62 40
28 196 ......

1.498 744

116 11.355 11,503

165 147
177 190
1,087 859
-24 -33
88 87
163 161


Table continued on next page.







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

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


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

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

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 -*,. i control, and data communications ...
Construction of facilities .
Research and program management ...
Other
Total-National Aeronautics and Space
Adm inistration . ..... ......

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


$6 $6 $74
129 129 1,425
183 183 1,537
129 129 1,199
363 63 42,672
199 199 1,376
1 (") ("') 7


$74 $75
1,425 1,156
1,537 1,334
1,199 976
2,672 1,403
1,376 1,511
$5 2 3


$75
1,156
1,334
976
1,403
1,511
$3 (**)


709 (') 708 8,291 5 8,286 6,459 3 6,455

21 21 301 301 264 264
4 $86 -82 172 193 -22 154 200 -46

14,145 14,145 140,227 ... 140,227 130,472 130,472
389 ... 389 43,412 43.412 36,672 36,672

14,534 14,534 183,639 183,639 167,143 167.143

2 2 27 27 97 97
271 271 2,595 -2.595 2,381 -2,381
-916 -916 -685 -685
-1,679 -1,679 -16,199 -16,199 -16,350 ... -16,350

15,443 2,152 13,291 190,579 16,052 174,527 169,423 14,087 155,336


66 66 650 650 582 582
14 14 166 166 173 173
54 54 490 490 477 477
198 198 2,072 2.072 2,444 2,444
61 61 676 676 411 411
3 ('*) 3 143 1 142 655 1 654
1 1 34 -34 16 16
-125 125 -650 -650

396 1 394 4,072 35 4,038 4,093 16 4,076


-489 -489 -753 -753 -414 6 -421
-14 -14 156 156 167 167
-33 -33 -124 -124 -92 -92
1 1 16 16 -14 -14
7 7 114 114 107 107
2 -2 84 -84 57 -57
('*) (*) .-3 3 -6 6

-528 2 -530 -592 80 -672 -247 57 -304


289 289 2,449 .. 2,449 1,921 1.921
368 368 3,891 3,891 3,013 3,013
16 16 133 133 123 123
132 ...... 132 1,372 1,372 1,192 1,192



805 .. 805 7,845 .... 7,845 6,249 ... 6,249


189
(* *)
2,394
778 755
104 82
1 1
21


(")
2


189 1.730 1.730 1.316
(") 1 1 1
2,394 23,443 23,443 21.280
22 7,245 7,340 95 5,985 5,891
21 882 1,412 -531 815 1 325
('') 10 10 1 11 9
21 88 ... 88 88


(" ) 1
2 -28


1,316
1
21,280
95
510
2
88


1 1
28 27


Total--Office of Personnel Management ............ 3,484 839

Tatbe co- rued or next page.


2,645 33,372 8,762 24,610 29,468 7,224 22,243







Table 5. Outlays of the U.S. Government, July 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 Outlays Outlays Receipts Outlays Outlays Receipts Outlays


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


$17 $780 $765 $15 $1,233 $1,211
-31 272 556 -284 347 631
2 37 13 23 28 11
26 260 .... 260 236


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

Veterans Administration:
Public enterprise funds:
Loan guaranty revolving fund .
Direct loan revolving fund .
O their .... ........ .
Compensation and pensions .. ..........
Readjustment benefits ... ..
M 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 the r ........... .... ...... ..
Proprietary receipts from the public:
National service life .. .. ......................
United States government life .... .. .. ....
O their ............. .
Intrabudgetary transactions .. .. .....


93 114 20 1,349 1,335


14 1,843 1,853


93 2,341 1,496 845 1,880 1,649
-2 13 34 20 15 43
23 415 412 4 398 429
1,232 12,277 12,277 13,180 ..
46 641 .. 641 747
780 8,402 8,402 7,933
17 161 161 161
93 699 699 633
57 528 528 446 ......
18 268 268 254 ......


93 920
4 32 .
4 2 71 152
8 96


33 -33 .. ..
('* ) ('*)
31 -31 .
-42 -173


920 869 .. ..
32 34
-82 65 146
96 67


351 -351
( *) ( *)
357 -357
-173


Total-Veterans Administration ................... 2,578


Independent agencies:
A ctio n ....... ... ..... ....... .
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 .. .. ..
Disaster Relief ..... .. ..
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 .. ... ...
Intragovernmental agencies:
Appalachian Regional Commission ......... .
Washington Metropolitan Area Transit Authority. .
O the r .... ... .... ... .. ..... .
Interstate Commerce Commission ...... ...
Legal Services Corporation ... . .
National Archives and Records Administration ......
National Credit Union Administration:
Credit union share insurance fund ...... ......
Central liquidity facility .......... .......
O their ... ........ .


10
13


8

15
89
10
1,249

12
6
5
29
5


5
469
3

12


4
26
6

13
6
-2


223 2,355 26,693 2,801 23,892 26,595 2,954 23,642


10 123
13 159
214


123 128
159 134
214 200


8 550 550 560 560
30 30 293 293
..... 15 155 155 132 132
205 -115 1,709 2,642 -932 2.051 3,831 -1,780
4 6 86 22 64 76 6 69
1,248 1 12,083 9,744 2,340 7,882 8,515 -632

35 -24 154 294 -140 173 329 -156
. 6 164 .... 164 181 181
. 5 112 ...... 112 102 102
. 29 256 256 246 246
. 5 109 .... 109 101 101


6 -1 50 50 (C*) 31 43 -12
793 -325 7.810 6,571 1,239 6,934 1,947 4.937
3 54 54 54 54

(*) 12 128 2 127 123 1 122
49 49 52 52
(*") 2 (**) 2 2 .. 2
4 37 ... 37 37 .. 37
. .... 26 257 257 256 ...... 256
6 83 83 83 83

15 -1 290 306 -16 187 194 7
12 -6 99 295 -196 57 205 -149
(**) -2 -9 1 -10 -5 2 -7


Table continued on next page.


231
28
-32
13,180
747
7,933
161
633
446
254

869
34
-81
67

-368

-319
-85







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

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


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 .
Payment to railroad unemployment insurance trust fund .
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 .
O their ............ ..
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 .. ......
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

Subtotal

Table continued on next page.


$14
13
5
6
150
41
-5

52,271
129


$129
104
21
107
1,321
350
165

26,860
517


$3.010


$120
106
20
109
1,230
328
386

25,379
650


$113

27,400


294
247
-1


3,211
2,058

-666

-35
669
34
51
24
1


$365

26,286


294
247
-1
(**)

3.211
2,058

-666

-35
669
34
51
24
1


2,851 -2,614
-10 -7


33
-2

573

16
19
467
65
41

5,795


224
-242

3.009

111
213
5,059
703
568

63,959


328

2

5,657


4,168
(")
32

51,669


224
-242

3.009

111
213
891
703
536

12,291


162
-13

3.067

91
204
5,144
674
512

57,797


4.234
1
39

46,293


3,195
1,895

-629

-37
628
35
47
1
1



-2,614
-7


162
13

3,067

91
204
910
673
473

11,504


( *) ( ) 1 -1 903 -903



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

.. ... 1 ..... 1

-1,536 -1,536 15,243 15.243 -15,237 15.237


-327 327 -3,062 3.062 -2,456 2.456

-31 -31 -293 -293 236 ..... -236
-159 -159 -1,486 1,486 -1.427 1,427

5 5 -53 -53 48 48

-526 526 -5,507 5,507 4.799 4.799

2.584 2.584 25,645 25,645 24.204 24,204







Table 5. Outlays of the U.S. Government, July 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 Outlays Outlays Receipts lays Outlays Receipts Outlays


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:
Railroad Retirement Board:
Railroad retirement account .
O their .....

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...........................


$7

37
- 4,323
-13
-32


- 6,599

-641
-5,103
-777

-2,313

-357

884
-1,136

1
2

17.255

-16
-977


-456
-61

40,989

-12


-2,646 122 -2,767 -66,647

98,405 14,771 83,634 1,021,819 1

81,589 14,771 66,818 854,450 1

16,816 (") 16,816 167,369

22.944

25 838

2.894


MEMORANDUM

Receipts offset against outlays (In millions)


-$7

-37
4,323
-13
32


6,599

641
5.103
-777

-2,313

357

-884
1,136

1
-2

17,255

-16
977


$7

24
-3.114
18
-6


4,415

779
-3,949
986

1,909

313

871
-1,223

('*)
(* *)

15,442

-18
-942


4,415

779
-3,949
986

1 909

313

871
- 1,223

(")
(* *)

15,442

18
-942


456 -366 366
-61 -47 -47

-40,989 -34,429 -34.429

... 12 (' ) (**)
$2998 -2,998 $3,556 -3,556
1.875 1,875

3,000 69,646 -58,632 6,333 -64,965

38,122 6883,697 970,004 125,571 6844,434

38,122 716,328 809,650 125.537 684,113

(") 167,369 160,354 33 160,321

142.025 E 142.914

175 466 160.637

33.442 17.723


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

Total receipts offset against outlays .


Current
Fiscal Year
to Date

$27,838
916
125,562

154,316


Comparable Period
Prior Fiscal Year

$29,216
685
113.310

143.210


'Prior month adjustment.
2Includes FICA and SECA tax credits, non-contributary military service credits, special benefits for the aged. and credit for unnegotiated OASI benefit checks
3Represents estimated earned income credit payments in excess of tax liability
4Includes an adjustment of $142 million for earned income credit payments for June 1988, and a corresponding increase of refunds
5The Postal Service figure represents reporting for the full calendar month of July and is partially estimated This estimate includes $913 million for postal money orders between July 2nd and 31st
8The outlays by month for FY 1987 have been increased by a net of $582 million to reflect reclassification of the Thrift Savings Fund receipts of $736 million and Federal Retirement Thrift invest-
ment Board (FRTIB) administrative expenses of $154 million to a non-budgetary status
... No transactions
(" ) Less than $500,000
Note: Details may not add to totals due to rounding.
Source: Financial 1.13,.-.3A.m.r.m Service, Department of the Treasury







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

Net Transactions Acu Bln
Assets and Liabilities (-) denotes net reduction of either Account Balances
DirAssets and Liabilitiested to liability or asset accounts Current Fiscal Year
Directly Related to
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:
Cr i-.- ,:.. 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 ..: .. .. .. .
D eposit funds2 . . . .
Miscellaneous liability accounts (includes checks outstanding etc.) ......

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

Asset accounts (deduct)
Cash and monetary assets:
U.S. Treasury operating cash:1
Federal Reserve account .. ...... ..........
Tax and loan note accounts .......

B a la nce .. ...... ... ... ... ... ...

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

B a la nce .. .. .. .... .... ... .....

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


$6.291 $203,670 $181,674 $2,335,277 $2,532,656 $2.538,947
........ .. 15,000 15,000 15,000

6,291 203,670 181,674 2,350,277 2,547,656 2,553,947


-582 1,920 452 4,929 7,430 6,849

5,709 205,590 182,125 2,355,206 2,555,086 2,560,795



2,044 77,454 55,519 457,444 532,854 534,898

3,665 128,136 126,607 1,897,761 2,022,232 2,025,897

3 -2,558 318 -9,702 -12,263 -12.259

3,668 125,578 126,925 1,888,060 2,009,970 2,013,638

4,876 4,428 2,498 31,712 31,264 36,140
-69 83 264 6,270 6,421 6,352
-406 -120 -2,072 9,114 9,400 8,994
-230 -5,240 -2,202 13,633 8,623 8,393

7,838 124,729 125,413 1,948,788 2,065,679 2,073,517




1 -5,852 -5,210 -2,149 9,120 9,762 3,910
-9,843 -7,317 -9.818 27,316 29,842 19.998

-15,696 -12,527 -11,967 36,436 39,604 23,908


-196 -94 518 9,078 9,180 8,984
S..... ... ... -5,018 -5,018 -5,018

-196 -94 518 4,060 4,162 3,966



19,699 19,699 19.699
-253 302 964 3,230 3.785 3,532
-99 -1,835 -2,307 -12,855 -14,591 -14,690
8 12 4 -66 -63 -55
150 674 711 257 781 931

-194 -848 -628 10,265 9,611 9,417

-17 -286 -318 642 373 356
-229 -3,517 -2,632 9,408 6,121 5,892

-16,332 -17,272 -15,026 60,811 59,871 43,539

1,265 415 -2,059 5,714 4.864 6.129

-15,067 -16,857 -17,086 66,525 64,735 49,668

+22,905 +141,586 +142,499 + 1,882,263 +2,000,944 +2,023,849


39 439 415 ....... 400 439


+ 22,944 + 142,025


+ 142,914 + 1,882,263 +2,001,344 + 2,024,288


'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
month for FY 1987 have been increased by a net of $582 million to reflect reclassification of the Thrift Savings Fund receipts of $736 million and Federal Retirement Thrift mvest.
menr i ,i '** i administrative expenses of $154 million to a non-budgetary status
No transactions
Note Details may not add due to rounding
Source Financal Management Service, Department of the Treasury 20







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


Classification


Excess of liabilities beginning of period
Based on comDostion of unified Dudgeit n preceding period
Adjustments during current fiscal year tor changes in
composition of unified budgel
Clias5sfcaiton of FDIC securities as Dudgelarv transactions
Classilicaton of FSLIC securities as Dudgetary transactions
Reclassa.cai.on of Federal Retirement Tnriti In.estment
Board to a non budgetary status

Excess of liaDbiltes Deginning 01 period icurreni basis
Budget surplus I I or deficit
Based on composition of unified Dudget n prior I.scal year
Changes in composition ot unified budget


Total surpluS I or aeiot iTaoDle 21

Total-on-Duogel iTaDie 21

Tolai-olf .Duget iTable 2)

Transactions not applihe to current year s surplus or deficit
Se.gniorage
Increment on Gold
Proceeds from currency
PrOht on sale 01 gold
Net gain I )licss iOi IMF loan valuation adjustment

Total-iransactions nol applied to current year E
surplus or delicil

Excess of liabilities close of period .. .


Fiscal Year to Date
This Month
This Year Prior Year



1i 999 123 1 880606 1O 1 -3 -'4 6-


4412


2000 944 1 882 263 1 7j 33

22 944 142 025 14.; 14


2' 9.44 i4 i" 1J;' .1

25 838 1"5 4366 hl0 63'

2 894 33 44a 1 "3


36 386 381



-- 2 -.3 3


39 -.39 4.15

. 2.023.849 2.023.849 1.875.769


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

Net Transactions
(-) denotes net reduction of Account Balances
liability accounts Current Fiscal Year
Classification j
Fiscal Year to Date Beginning of
This Month IClose of
ThsMnhThis 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 .. ................ -$6 (") (") (' )
Federal Deposit Insurance Corporation. .. ... ..... $8 $816 -159 $200 $1,008 $1.016
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation ...... ....... -590 2,302 1,022 920 3.811 3,221
Obligations guaranteed by the United States, issued by:
Department of Defense:
Family housing mortgages ........ ...... ............ ( ) -4 -19 15 11 11
Department of Housing and Urban Development:
Federal Housing Administration . ... (") 63 58 178 116 116
Department of the Interior:
Bureau of Land Management... ............. 2 13 13 13
Department of Transportation:
Coast Guard:
Family housing mortgages .... . . (") ") (C ")
Obligations not guaranteed by the United States, issued by:
Department of Defense:
Homeowners assistance mortgages .................. (") 4 2 7 11 11
Department of Housing and Urban Development:
Government National Mortgage Association ............ 1,.135 200 1,965 830 830
Independent agencies:
Postal Service .. ................ ....... ... ..... .... 250 250 250
Tennessee Valley Authority ................ ................ .......... ... 245 1,380 1,380 1,380

Total agency securities................................. 582 1,920 452 4,929 7,430 6,849

....No transactions.
(")Less than $500,000,
Note: Details may not add to totals due to rounding.
Source: Financial Management Service, Department of the Treasury 1't








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


$9 $22 $8 $20 $33 $42
-650 -9,446 -6,871 20,969 12,173 11,523


21 97 107
-760 140,952 134,757


20 380
38






595 -410
840 -434
-30


-944


133

325
100 700


115 1,596
3 1,935

50
25
220 7,865
759

-250 5,981
2,130 10,756
-90 2,896
113

2,049


252
2,128
197 -316 -263 2,144

9 -14 1
95 -991 420
1


1,956
1,973

50
25
7,865
759

4,976
9,482
2,866
113

1,105


1,977

6,226
600


252
2,128
1,631


113
134,957

1,976
1,973

50
25
7,865
759

5,571
10,322
2,866
113

1,105


1,977

6,226
700


252
2.128
1,828


128 128

20 20
150 150


1,317 15,879 5,330 210,803 193,607 194,924


1,317 -15,879


5,330 210,803 193,607


194,924







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


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 Admiristration:
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 Energy ....... .. .
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 ..........


$17 $154 $135 $19,164 '$18,993
1 1 1 ........


2,161

-175
-2,180
2.980
-29


50


-37
9 -34


13 25,438 23,275


28,010
8.048
28,951
1,788


27,835
5,868
25,971
1,759


4,940 4,940
50

25 192 192


37 2,074
32 355


2,037
330


$19,010


23,277

27,835
5,868
25,971
1,759

4.940
50

182

2,037
321


-7 395 387

79 809 949


-8 -89 -132 1,662


1.237
-1 -16
1,238
113 830


104 -6,860


12.463
111
4.353
18,210
177


11,226
96
5,592
18,927
177


11.226
95
5.592
19,040
177


442 157,258 150,294 150,398


'The closing balance as of June 30, 1988 was adjusted by $453 million This reflected the recognized gain on rescheduled loan payments
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 due to 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, July 1988 and
Other Periods (in millions)


Federal funds:
Department of -'. .
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

Department of Agriculture

Department of Commerce
Department of [D. '..i1, i .
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.


$2 $2 $6 $8 $8
(C) 3 1 15 18 18
$75 239 116 1,506 1,671 1,746
- 2 -12 3 12 2


29 -405 985 6,482
-84 (C') 134


13 286
-6

-47 99
-7

("*) -1,040
-12




54 240
- 37 245


6.049
50


6.078
50


71
72

1.522
17


67 2,164
12


( *)
2,790
-94


18 160 174


1,978


358 2,709


2.945


3,303


26 627 648


41 918 443 279


151

-3,972
-12
996
154
-74


2,482


324

2.050

5.589
1,776
1,399


349

1.974

5,971
1,784
1,452
28,743
126

28,869


-719 26,098 30,120
-6 290 126

726 26,388 30,246


(* *) (**)


3 119 125


(* *)

11.114
208


3,093 33.424


('')
1
9,642
250


(" )
8 8
30,637 41,819
769 950


125


( ')
8
41.751
977


91,779

7,380

64,715
230
7.803
6


19.214 58.356 88,687


148 187 778 7.193


14,341
175
1,637
1


9.899
50
2.200
35


50,374
405
6.166
5


7.528

63,449
230
7,677
6






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


Net Purchases or Sales I(-) Securities Held as Investments
Net Purchases or Saes Current Fiscal Year

Classification Fiscal Year to Date Beginning of
This Month Close of
This Year Prior Year This Year This Month This month


Trust funds:-Continued
Department of the Interior ...... ......... $6 -$42 $52 $212 $164 $169
Department of Labor:
Unemployment trust fund ......... .... ....... .. 576 6,443 5,110 27.917 33.785 34.360
Other ............... 1 -19 -15 33 15 14
Department of State:
Foreign service retirement and disability fund ...... 22 316 387 3,474 3,767 3,789
O their ......... ....... .............. (**) (**) (* *)
Department of Transportation:
Airport and airway trust fund ............. .... -51 1,068 1.327 9,937 11,056 11,005
Highway trust fund ... ............ ....... .. .. 58 2,005 2,669 12,691 14,638 14,696
Other ...... ............ ( *) 52 8 363 415 415
Department of the Treasury ........... ..... .. ..... 63 19 49 134 90 153
Environmental Protection Agency ............... ... -51 545 176 737 1,333 1,282
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities ... .. .......... ...... 1,464 3,436 8.371 176,748 181,648 180,185
Agency securities ..... .......... ............... ........ 175 175
Employees health benefits fund. .... .......... ... -22 100 -95 1,208 1.330 1,307
Employees life insurance fund ....... -18 559 511 8,078 8,655 8,637
Retired employees health benefits fund .............- 1 2 2 2 2
Veterans Administration:
Government life insurance fund ........ ........... .... 1 -16 -16 222 208 206
National service life insurance:
Public debt securities ... -39 451 446 9,990 10,479 10,441
Agency securities ................. .... ..... ..... -35 135 100 100
Veterans special life insurance fund ...... ........ ..... -1 82 82 1,093 1,175 1,174
General Post Fund National Homes ........... ........ 1 1 21 22 22
Independent agencies:
Federal Deposit Insurance Corporation ....................... 35 -1,495 532 17,040 15,510 15,545
Federal Emergency Management Agency ...... ( ) (_ ') 1 1 1
Harry S. Truman Memorial Scholarship Trust Fund ............... ( ) 2 (* ) 45 47 47
Japan-United States Friendship Commission .. ............ ( ) 1 1 17 19 18
Railroad Retirement Board .. ........ 13 895 645 6,688 7,570 7,584
O their .... ..... ..... .............. .......... (" *) 16 41 47 63 63

Total public debt securities ......... .... 3,421 75,357 56.295 430,342 502,278 505,699
Total agency securities ....... .. .......... ... 385 50 715 330 330

Total trust funds ...................................... 3,421 74,972 56,245 431,057 502,608 506,029

Grand total ................................................ 2,044 77,454 55,519 457,444 532,854 534,898

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






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


Classification


Receipts
Individual income taxes ...
Corporation income taxes ...
Social insurance taxes and
contributions:
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) .............. .

(Off-budget) ..................

Total-budget receipts prior year ....

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

(Off-budget) .......

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

Total Military .

C ivil ... .....
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 ....
O their .. ..........
Department of Health and Human
Services, Social Security:
Federal old-age and survivors ins.
trust fund ....
Federal disability ins. trust
fund ..
Other


Oct. Nov. Dec.






1 8 i 1 1 t ,16 1 4 6


20 -91i -2 "35
i go, 1-0


4:11 V.1 4-:.-

I 39 8f1: I, 14l

62.354 56987, 85525'

45.992 40.630 67 645


Jan.


Feb.


March April


May June July


13 I 2 51 :-." : :,-' 5,: 1 3 A 1 1-, 9 6 4 :0.2 i. I91
3 .:i30 12 ,' I' 026 I r,.> i 834- 1 .99



i6 9 '3 1 i .34 41r 24 928 20:,' .-4 964
883 :; 1-9 '_ 4"- 8, '3 35. 1 598
I 36 3561 1- 3-I 415 3541
I- 1 :" i:- 6 30 3 : 3 '50
-_1 5 .r. 6I. "4' .1 ".1 t,41 .2"
1 I ,1 '1 1 4 i : 1 2 13 1 343
1 93, 1 1 4, 1 -ir. 1 68E i 6F 1 5,90 1 "c


81.791 60.355. 65.730,109.3231 59.711

60,645 40 610 44.9581 81.993! 39 764


16.3621 16.357 17 880' 21.146 19.745


Ji~,'.


157
83
8

871
464
-82



5.115
2.530
153


124
85
15

584
121
-523



3,283
1,911
1 ,


S194 1 14


20.772 27 330


99.205' 60.690

77.643, 40.980


Aug.


Sept.


________________-t ________


19,947 21 5621 19 710


I-- IZ i
$ I.


I.


Fiscal
Year


Com-
parable
Period
Prior
F.Y.


;3 -J 4: : 3i. 876
S06" 61 853



2." 3 ,:.2, 22' 809
19 -4 20 ,0;
889 3 993
6v,. 26 "' 70
-. 2'i 6 319
13 181 I 419


741.672

540.862


200.810'


t f 4 A ___ -


141
222
8

704
93
-144



995
3,363
2',"


195
90
13

459
386
517



900
3,549
1 1l


-475
2,775
(


1.528
944
94

5,819
2,228
959


14,078 20.103
24,940 25.432
l 86. 1 896


7,423 5,356 7,990 5,084 6,487 6,814 7,336 5,471 6.908 6.433 65,302 61,714
8,506 7.183 9,283 6,673 7.307 8,592 9,161 6,728 8,301 8.426 80,159 76,278
8.060 7,015 9,172 6.194 7,783 8,627 8.525 6,628 8,096 433 77,533 75,983
"1 : 5 1 h.. 1 1 1 6 1 1 691 1 100, 1 i U 1 "i 1 4. 14 14 3 14 '"I

:5 4' ,- .,,:1, ; 8',e 19i 2 O 4 "6 1:, '0 i : '' 128 228 831'
. .. i.. -- .. I_ '_ __ _


970


2,444
4.119

3.022
1.775
2,640
950
413
-2,324



15.507

1,895
82.4


2.060
939


909


2,619
3.926

2,613
1,778
186
1,263
434
2.339



15,447

1.731
36


914


2,020
4.479

2.856
4.244
2.023
817
430
5.447



31,907

3,423
60


1813
1.612
1,126


876


2.398
3,863

2.550
292
1,120
1,466
605
-395



368

284
986


930


2,476
4.472

2,774
2.394
1.209
1.175
617
-3.189



16,258

1.864
191


1 B'i
1,545
993


864


2,673
5.245

3,168
2,359
1.149
1,311
449
-3,133



16.654

1,863
122


1 8:
1.308
836


981


2,606
4,432

2,914
3,037
3,941
1,157
506
- 3,857



16,434

1,920
2.026


1 iv.
1,304
1.018


1.045


2,475
4,130

2,867
2.416
363
1,179
535
3,117



16.411

1.856
137


1,091


2.830
4.906

3.045
2.431
1,295
943
391
3,259



19.634

1.948
249


16.41,'-

1.879
1,097


18 2'8
15,018
9.369


17 1 51
13,949
9.042


9.447 8.202


24,868
43.285

28,457
23,083
15.791
11,297


22.911
42.838

25,698
17.920
16,117
11,516


4,706 4,548
30.163 23,181



165,028 155 939

18.663 17.746
5.728 -5.479


Table continued on next page.


i


. ,j ". -- I -,J J


I -". ,,J J


J


,,, ,,j-' f, tj







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 ..
O their ..... . .
Department of the Treasury:
Interest on the public debt ..
O their .. .. .. ....
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 .
O their .. ... .....
Independent agencies:
Postal Service ...
Tennessee Valley Authority ..
Other independent agencies
Undistributed offsetting receipts:
Employer share, employee
retirem ent . .
Interest received by trust funds
Rents and royalties on Outer
Continental Shelf lands ...
O their .. .....

Totals this year:
Total outlays .............. .

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

(Off-budget) .............. .

Total-surplus (+) or deficit (-)..

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

(Off-budget) ..................

Totals-outlays prior year ... .....

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

(Off-budget) . .....

Total-surplus (+) or deficit ( )
prior year ............. ..

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

fOffth,.Afiot


$1,962
592
397

1.012
95
302

1,276
1,024

14,115
-2,318
393
-544

936
2,400
241

2.352
52
3
1,232

355
138
908


$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

149
97
2.292


-2,528
-2.109

-440


Dec. Jan. I Feb. March I April May I June July


$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

-85
104
343


2,506
-16,647

-234
5


$1,361
408
407

1.488
582
159

837
1.037

14,674
773
391
452

622
2,554
-45

44
62
3
1,102

439
289
1,848


- 2,628
-75

8
-2


$1,396
336
431

1,780
395
242

945
1,016

15.043
141
389
93

606
2.392


1,192
47
2
917

-233
145
182


- 2,367
405

468
7


$1.605
348
407

1,843
28
221

741
1.049

14,436
-536
423
175

804
2,510
-29

1.334
79
4
1,138

347
57
2.793


-2.57C
145

195
1


$1,698
335
513

1,427
429
222

800
1,191

14,856
152
392
-454

816
2,773
-2

2.422
66
3
1.257

11
167
1,411


- 2,654
187

208
-3


$1.327
356
445

1.328
591
230

1.203
1.154

17,407
726
360
169

777
2,326
-7

73
52
3
1,304

405
140
1.010


- 2,687
- 2,873

-584
4


$1,474
502
554

1,287
698
321

1,257
1,061

31,595
1,524
478
277

863
2.492
-45

1,243
55
4
828

8
193
27


-2,554
-18.252

-657
28


$1 33.1
3-



61.
389,

1,232
1,043

14,534
-1,243
394
-530

805
2,645
-20

1.232
60
3
1.060

-610
139
608


-2,584
-69


7


Aug.


Sept.


Fiscal
Year
To
Date





$15.482
4,088
4,544

13,894
4,410
2,844

10,685
10,569

183.639
9,113
4,038
672

7,845
24.610
14

12.277
569
32
11,013

-23
891
11.423


25,645
-40.989

2.998
, -13


Com-
parable
Period
Prior
F.Y.




$13,123
4,181
3,502

16,360
3,739
2,357

9,850
10,799

167,143
11.807
4.076
-304

6,249
22,243
-10

13,180
502
34
9.926

-258
910
10,852


24,204
34,429

3,556
-2,777


93.164 84.009 109 8891 65.895 84 382 95013 95.554 82.295 89.862 83.634! '883 697

76 979 67.239 77 993 66.682 66 629 76.994 79.629 64.688 72.678 66 818 716.328-

16.185 16.770 31.896 7871 17.753 18 020 15925 17.607 17.184 16.816 167.369'

30.810 27.022 24 363 15896 24.027 -29.283 13.769 22 583 -9.343 -22.944 142 025'

30.986: 26.609 10.347 6.037 26.019 32 036 -2 364 -24.924 4 965 25 838 175 .166
|I -. t-

176 414 14016 .21 933 1992 .2.752 .11.405 .2.340 +4.379 .2.894 -.33442

1 j ,.. tj jjf j i ..i J. i 4,



1 -- -. F Iv



'. ..... .'_ __.._ J ,-- J
- .' ;.: -, : hie n ,, .,' -.'.'


tThe outlays by month for FY 1987 have been increased by a net of $582 million to reflect reclassification of the Thrift Savings Fund receipts of $736 million and Federal Retirement Thrift Invest.
ment Board (FRTIB) administrative expenses of $154 million to a non-budgetary status The Federal Retirement Thrift Investment Board outlays by month for 1988 have been adjusted by a net of $1,084
million Data for fiscal years 1987 and 1988 previously reported by Treasury for Federal Savings and Loan Insurance Corporation and FRTIB have been reclassified in consultation with the Office of
Management and Budget resulting in revised totals as shown above. Historical tables in the Budget will be changed to agree with Treasury totals with the exception of a difference of $7 million for
the Small Business Administration
No transactions
(")Less than $500.000
Note: Details may not add to totals due to rounding
Source: Financial Management Service. Department of the Treasury







Table 8. Trust Fund Impact on Budget Results and Investment Holdings (in millions) as of July 31, 1988


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 ...... .. .
Veterans life insurance .
All other trust .


$247 $255 -$7
29 49 -20
1 1
1,708 1,879 -171
44 -44
893 2,420 -1,528
5,148 3,712 1,436
19,472 16,407 3,065
3,099 2,647 452
1,270 1,232 38
918 782 136
354 544 -191
1,524 1,605 -82
1,635 1,158 478
34 97 -65
345 300 46


$3,427 $2,308 $1,119
535 530 5
2,340 -2,340
18,853 18,663 190
-625 625
27,256 23,683 3,573
57,456 43,285 14,171
201,131 165,028 36,103
30,017 28,457 1,560
12,760 10,685 2,074
7,633 7,680 47
3,655 5,348 -1,694
29,852 15,785 14,066
22,104 13,894 8,210
1,348 871 477
3,084 3,137 -52


Total trust fund receipts and outlays and
investments held from Table 6-D ..... 36,673


33,134


3,540 419,110 341,071 78,040


431,057 502,607


Inl.rrifu irdransacons

Tru-l fund rePC.pit and OuIlays or, ine .,ai s
L'I al~.i, ,4 & *.

Total federal lund receipts and outlays

Irveriur.l iranria.:1.on:.

FeIra l Tjrai r,.'C pt5 & cutlav; on the tea-,~
r,It Iai.l, 4 & ,


COfMill'.rg prooreltary receipti

Net budget receipts & outlays


$11,005

15,545
7,380
9,946
184,099
64,945
91,779
7,803
14.696

7,584
41,751
34,360
11,921
3,214


506,029


-6207 -6207 -109462 -109.462


30 466 26 926 3 540 309 648 231 608 78.040

32.085 58.567 -26.483 448.647 668,711 -220,065

2 2 396 -396


32 08" 58 569 --26483 448251 668 315 -220.065


- 1 863 1 863 16 227 16.227

60.690 83.634 -22.944 741,672 883.697 142.025


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.


$9,937

17,040
7,193
9,287
180,516
50,779
58,356
6,166
12,691

6,688
30,637
27,917
11,440
2,409


$11,056

15,510
7,528
9,986
185,541
63,679
88,687
7,677
14,638

7,570
41,819
33,785
11,962
3,171







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


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

RECEIPTS
Individual income taxes ................... ......... ... ... $25,791 $327,455 $325,876
Corporation income taxes ......... ......... ........... 1,499 72,067 61,853
Social insurance taxes and contributions:
Employment taxes and contributions ...................... 24,964 253,626 227,809
Unemployment insurance ................ ............. 1,598 19,754 20,402
Other retirement contributions ... ...... ............... .. 354 3,889 3,993
Excise taxes .................................... ........ 3,250 28,892 26,970
Estate and gift taxes ..................................... 627 6,255 6,319
Customs .............................................. 1,343 13,181 12,419
Miscellaneous ........................................ ..1,265 16,554 15,878

Total .......................................... 60,690 741,672 701,519

NET OUTLAYS
National defense ........................................ 24,449 243,876 235,466
International affairs ...................................... 1,568 10,304 9,904
General science, space, and technology ...... ....... 961 9,244 7,505
Energy................................................ 257 1,944 4,032
Natural resources and environment ...................... 1,096 11,700 10,993
Agriculture.......... ................................... 311 17,777 23,774
Commerce and housing credit............................ 337 8,702 6,448
Transportation ........................... ........ ...... 2,335 21,932 21,318
Community and regional development ...................... -109 4,551 5,472
Education, training, employment and social services .......... 1,984 25,235 23,786
Health ............................................... 3,502 36,678 33,216
Medicare .............................................. 5,500 64,456 63,151
Income security......................................... 10,907 108,367 105,203
Social security .......................................... 17,975 182,465 172,967
Veterans benefits and services ...................... .... 2,354 23,914 23,511
Administration of justice. ....................... .... .. 735 7,595 6,119
General government.. ................................... 174 7,951 6,268
General purpose fiscal assistance ........... ........ ... ... .. ............. 30 -293
Interest ................... ... ......................... 12,677 125,679 115,227
Undistributed offsetting receipts .......................... 2,706 28,643 29,634

Total ................ .. .......... ........... 83,634 883,697 844,434


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


GPO 934-923







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 tu.ge,-ii

3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued by
Government Ist:ur':,'.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 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,
by subscription or single copy). Quarterly. Contains a mix of narrative,
tables, and charts on Treasury issues, Federal financial operations, in-
ternational statistics, 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 A',',i,. (Available
from Financial Management Service, U.S Department of the Treasury,
,'.a:rnr,. -, 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 August 1988 Statement
will be 2:00 p.m. EST September 22, 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.






UNIVERSITY OF FLORIDA
3l 1262 lllllil9IlllllllIIIIII 1 786l I
3 1262 09051 4786