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

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Monthly Treasury statement of receipts and outlays of the United States government for period from ..
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United States -- Dept. of the Treasury
United States -- Dept. of the Treasury. -- Financial Management Service
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Full Text

Monthly Treasury Statement

of Receipts and Outlays of the United States Government For Fiscal Year 1996 Through May 31, 1996, and Other Periods




Highlight "/ 104


Military active duty pay, veteran benefits, and supplement curity inco 0Wments for
June 1, 1996, were accelerated to May


RECEIPTS, OUTLAYS, AND SURPLUS/DEFICIT
THROUGH MAY 1996

1200- Contents
1000--- Summary, page 2
Receipts, page 6
I 800-'
L IOUTLAYS Outlays, page 7
600-' ""Means of financing, page 20 I 1
0 400- o RECEIPTS] Receipts/outlays by month, page 26
N Federal trust funds/securities, page 28
S2Receipts by source/outlays by function, page 29
Explanatory notes, page 30
-200 11'"

Compiled and Published by

Department of the Treasury
Financial Management Service






Introduction
The Monthly Treasury Statement of Receipts and Outlays of the United States of receipts are treated as deductions from gross receipts; revolving and managteGovernment (MTS) is prepared by the Financial Management Service, Department of mont fund receipts, reimbursements and refunds of monies previously expended are the Treasury, and after approval by the Fiscal Assistant Secretary of the Treasury, is treated as deductions from gross outlays; and interest on the public debt (pubic normally released on the 15th workday of the month following the reporting month. Issues) is recognized on the accrual basis. Major information sources include The publication is based on data provided by Federal entities, disbursing officers, accounting data reported by Federal enttes, isbursing officers, and Federal and Federal Reserve banks. Reserve banks.


Audience Trid of Publications
The MTS is published to meet the needs of: Those responsible for or interested The MTS Is part of a triad of Treasury financial reports. The Daky Treasury in the ash poition o the Teasury;Those ho arerespoStatementor istresblishedtaeeach iwoublngeddayc ofrthe dFederale Governmentrnm It. providese inthe cashrmeposo ofdgt resur;thoh are, reiidasponbsiblses fo oerstdins data on the cash and debt operations of t Treasury based upcn reporting of the dpnupnoarreaetothe Government's bugtreut;aninivdas aninessl s operations Treasury account balances by Federal Reserve banks. The MTS is a report of deped uon r ae rlatd t th Goernents fnanialopeatins.Government receipts and outlays, based on agency reporting. The U.S. Goverrirnt Annual Report is the official publication of the detailed receipts and outlays of the Disclosure Statement Government. It is published annually in accordance with legislative mandates given
This statement summarizes the financial activities of the Federal Government to the Secretary of the Treasury. and off-budget Federal entities conducted in accordance with the Budget of the U.S. Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means Data Sources and Information of financing the deficit or disposing of the surplus. Information is presented on a The Explanatory Notes section of this publication provides Information concernmodified cash basis: receipts are accounted for on the basis of collections; refunds Ing the flow of data into t 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 1995 and 1996,
by Month
millionsn]

Period Receipts outlays IDl oi


FY 1995
October.................................... 89,024 120,365 31,342
November.................................. 87,673 124,915 37,242
December .................................13,1 135.613 4,803
January..................................... 131,801 116,166 -15,635
February.................................... 82,544 120,899 38,355
March................ ..................... 92,532 143,074 50,543
April....................................... 165,392 115,673 --4,720
May........................................ 90,405 129,958 39,553
June....................................... 147,868 135,054 -12,814
July........................................ 92,749 106,328 13,579
August..................................... 96,560 130,411 33,851
September................................. 143,221 135,978 -7,243
Year-to-Date............................. 11,350,578 11,514,434 1163,11156
FY 1996
October.................................... 95,593 118,352 22,758
November.................................. 90,008 128,458 38,450
December.................................. 135,271 132,984 -5,288
January..................................... 142,922 123,647 -19274
February.................................... 89,349 133,644 44,295
March...................................... 89,011 136,288 47,275
April....................................... 203,386 130,993 -72,393
May........................................ 90,044 143,342 53,298
Year-to-Date ..............938,1564 1,047,707 109,123

'The receipt, outlay and deficit figures differ from the FY 1997 Budget, released by the Office of Management and Budget on March 19. 1996 by $64 million due mainly to revisions In data following the release of the Final September Monthly Treasury Statement.













2






Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 1996 and
Other Periods
_______________[$ millions])_________________Current Budget Prior Budget
ClsiiainThis FiclEstimates Fiscal Year Estimates
Cisiia~nMonth Y sal oDt Full Fiscal to Date Next Fiscal
Yer oDaeYear 1 (1995) Year (1997)1



Total on-budget and off-budget results:
Total receipts ..... ....... ......90,044 938,584 1.426,775 870,180 1,495.238
On-budget receipts 60,106 695,258 1,059,334 635,935 1,107,223
Off-budget receipts ........... ............... 29,938 243,327 367,441 234,245 388,015
Total outlays ... .............. .............143,342 1.047,707 1,572,411 1.006,663 1.635,329

On-budget outlays ....................114,485 847,420 1,270,292 815,326 1,317,655
Off-budget outlays........................28,656 200,287 302,119 191,337 317,674
Total surplus (+) or deficit (. .-53,298 -109,123 -145,636 -136,483 -140,091
On-budget surplus ()or deficit -. ...... -54,380 -152,162 -210,958 -179,390 -210,432
Oft-budget surplus +)or deficit ............ +1,082 +43,040 +65,322 +42,907 +70,341
Total on-budget and off-budget financing............... 53,298 109,123 145,636 136,483 140,091

Means of financing:
Borrowing from the public............ _..........20,633 98,966 165,272 142.717 164,326
Reduction of operating cash, increase (-) ....43,809 33,435 -2,051 9,714.. .
By other means ............ ............... ...... -11,145 -23,278 -17,585 -15,947 -24,235

'These figures are based on the FY' 1997 Budget, released by the Office of Management and ... No Transactions.
Budget on~ Marchi 19, 1996. Note: Details may not add to totals due to rounding.





Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 1995 and 1996





$ billions


220
200- uly
180
160
140


10 %V /-80- Receipts





-20




-60- Deficit(-)/Surplus


Oct. Dec. Feb. Apr. Jun. Aug. Oct. Dec. Feb. Apr. May


FY FY
95 96







3





Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 1995 and 1996


$ billions
250


200- Total Receipts


150
3ocial Security 100


so
Income Taxesj Other Taxes and Receipts 0*
Oct. Dec. Feb. Apr. Jun. Aug. Oct. Dec. Feb. AprMay

FY FY
95 96



Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 1995 and 1996


$ billions
180

160 Total Outlays

140

120
Social Security & Medicare 100

80
Other Non-Defense 60






404 4National Defense

20
IInterest
0
Oct. Dec. Feb. Apr. Jun. Aug. Oct. Dec. Feb. AprMay

FY FY
95 96


4






Table 3. Summary of Receipts and Outlays of the U.S. Government, May 1996 and Other Periods



Classification Cummt Comparable Budget
This Month Fiscal Prior Period Estimates

I Year to Date Full Fiscal Year'
Budget Receipts
Wvidual incorne, taxes ................. .............. 29,914 431 M 1 380,850 630,873
Corporation income taxes ......... ....... ........ ..... 2,570 91,713 82,324 167,108
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget) ......... 29,938 243,327 234,245 367,441
Employment taxes and contributions (on-budget) .... ... 8,166 71.821 67,465 105,745
Unemployment insurance ....... ...... ...................... 10,155 22,044 22,233 29,810
Other retirement contributions .............. __ ... .......... 417 3,057 2.985 4,539
Excise taxes ..... ............. ................. 4,113 35.849 37,052 53,886
Estate and gift taxes .......................................... 1,415 11,524 9,898 15,924
Customs duties ............... ................................ 1,427 12,099 12,686 19,313
Miscellaneous receipts .............. ............................. 1,929 16,140 20,442 32,136
Total Receipts ................................................. 90,044 938,584 870,180 1,426,775
(On-budget) .................................................. 60,106 695,258 635,935 1,059,334
(Off-budget) ................................................. 29,938 243,327 234,245 367,"l

Budget Outlays
Legislative Branch ............. ......................... ...... 205 1,506 1,833 2,695
The Judiciary .. ... ... ..................................... 385 2,080 1,809 3,297
Executive Office of the President ............................... 19 137 145 206
Funds Appropriated to the President ............................ 592 7,777 8,193 10.445
Deparitnent of Agriculture ........................................ 3,756 35,458 43,337 54,840
Department of Commerce ............ ................... ...... 335 2,499 2,284 3,789
Department of Defense-Military ........................ ....... 25,658 170,371 168,637 254,325
Department of Defense-Civil ...... ............................ 2,774 21,651 20,870 32,255
Department of Education ... .................................... 1,906 19,357 20,587 30,404
Department of Energy ...... ..................................... 1,200 10,358 11,467 14,678
Department of Health and Human Services .................... 31,391 214,278 198,227 327,429
Department of Housing and Urban Development ............... 2,384 18,760 19,203 26,432
Department of the Interior ............... ....................... 567 4,333 4,885 6,939
Department of Justice ............................................ 1,079 7,695 6,908 12,964
Department of Labor ........................................... 2,387 22,403 21,388 34,404
Department of State .......... .................................. 404 3,227 3,799 5,500
Department of Transportation .................................... 3,317 24,768 24,875 38,994
Department of the Treasury:
Interest on the Public Debt .................. ................ 26,902 219,335 209,637 344,628
Other ................. .................................... 1,686 19,132 14,801 20,328
Department of Veterans Affairs ......................... ........ 5,236 25,806 23,876 37,606
Environmental Protection Agency ....... ........................ 471 4,024 4,140 6,329
General Services Administration ................................. -520 332 483 469
National Aeronautics and Space Administration ................. 1,281 9,032 8,744 14,190
Office of Personnel Management ................................ 3,377 28,091 27,184 42,374
Small Business Administration .. ................................ 40 457 580 957
Social Security Administration .................................... 33,650 247,766 235,077 377,255
Other independent agencies ......... I ........ I .................. 1,801 3,957 -2,306 9,192
Allow ances ..................... ............ ................... ...... ...... ... 647
Undistributed offsetting receipts:
Interest ............................... .................. ...... -5,951 -54,793 -51,654 -97,598
Other ............. ............................................. -2,992 -22,093 -22,347 -42,268
Total outlays ................................................... 143,342 1,047,707 1,006,663 1,572,411
(On-budget) .................................................. 114,485 847,420 815,326 1,270,292
(Off-budget) ................................................. 28,856 200,287 191,337 302,119
Surplus (+) or deficit (-) .................................... -53,298 -109,123 -136,483 -145,636
(On-budget) .................................................. -54,380 -152,162 -179,390 -210,958
(Off-budget) ................................................. +1,082 +43,040 +42,907 +65,322

'These figures are based on the FY 1997 Budget, released by the Office of Management and
Budget on March 19, 1996.
Note: Details may not add to totals due to rounding.













5






Table 4. Receipts of the U.S. Government, May 1996 and fter Periods [$ millions]
This Month Current Fiscal Year to Date Prior Fisical Yew to Daft
Classification Gross Refunds Racal Gross Refunds R Gross Rohn" R...p.
Receipts I (Deduct) Pis Receipts (Deduct) ecelPts Receipts I (Deduct)

Individual income taxes:
W ithheld ..................................................... 45,399 365,696 339,539
Presidential Election Campaign Fund ....................... 12 50 52
Other ...... .................................................. 6,352 146,975 118A 58
Total-Individual income taxes ......................... 51,764 21,850 29,914 512,721 81,711 431,011 4157,948 T7,099 390,8W
Corporation income taxes .................................... 3,647 1,077 2,570 105,353 13,641 91,713 96,298 13,974 02,324
Social insurance taxes and contributions:
Employment taxes and contributions:
Federal old-age and survivors ins. trust fund:
Federal Insurance Contributions Act taxes ............ 24,945 ...... 24,945 196,407 643 195,764 172,813 ...... 172,813
Self-Employment Contributions Act taxes ............. 454 ...... 454 10,657 ...... 10,657 12,127 ...... 12,127
Deposits by States ..................................... V I ...... C 1 1 ...... 1 1 ...... I
Other ........... ........................................ V I ...... (* I V 1) ...... V I V I ...... C I
Total-FOASI trust fund ....................... I ..... 25,399 ...... 25,399 207,065 643 206,421 184,942 ...... 1 B4,942
Federal disability insurance trust fund:
Federal Insurance Contributions Act taxes ............ 4,458 ...... 4,458 35,002 119 34,882 46,548 ...... 46.548
Self-Employment Contributions Act taxes ............. 81 ...... 81 2,023 ...... 2,023 2,754 ...... 2,754
Receipts from railroad retirement account ............. ...... ...... ...... ...... ...... ...... ...... ...... ......
Deposits by States ..................................... C I ...... V I V I ...... V 1) V I ...... V I
O ther .................................................... ...... ...... ...... ...... ...... ...... ...... ....
Total-FDI trust fund ................................ 4,539 ...... 4,539 37,025 119 36,906 49,303 ...... 49,303
Federal hospital insurance trust fund:
Federal Insurance Contributions Act taxes ............ 7,598 ...... 7,598 64,769 -13 64,782 59,585 ...... 59,585
Self-Employment Contributions Act taxes ............. 171 ...... 171 4,265 ...... 4,265 4,983 ...... 4,983
Receipts from Railroad Retirement Board ............. ...... ...... ... ... ...... ...... ...... ...... ...... ......
Deposits by States ..................................... V I ...... C I V I ...... V I V I ...... r *)
Total-FHI trust fund ................................ 7,769 ...... 7,769 69,034 -13 69,047 64,569 ...... 64,569
Railroad retirement accounts:
Rail industry pension fund ............................. 267 5 262 1,606 91 1,515 1,619 is 1,605
Railroad Social Security equivalent benefit ............ 134 ..... 134 1,259 ...... 1,259 1,292 ...... 1,292
Total-Employment taxes and contributions ........ 38,108 5 38,104 315,989 841 315,148 301,724 15 301,710
Unemployment insurance:
State taxes deposited in Treasury ....................... 8,644 ...... 8,644 17,367 ...... 17,367 17,572 ...... 17,572
Federal Unemployment Tax Act taxes ................... 1,520 10 1,510 4,723 64 4,659 4,712 68 4,644
Railroad unemployment taxes ............................ 1 ...... 1 18 ...... 18 18 ...... 18
Railroad debt repaym ent ................................. ...... ...... ...... ...... ...... ...... ...... ...... ......
Total-Unemployment insurance ....................... 10,165 10 10,155 22,108 64 22,044 22,302 68 22,233
Other retirement contributions:
Federal employees retirement employee
contributions ....... ........................... .......... 411 ...... 411 3,003 ...... 3,003 2,924 ...... 2,924
Contributions for non-federal employees ................. 6 ...... 6 54 ...... 54 61 ...... 61
Total-Other retirement contributions .................. 417 ...... 417 3,057 ...... 3,057 2,985 ...... 2,985
Total-Social insurance taxes and
contributions ........................................ 48,690 15 48,676 341,154 905 340,249 327,011 93 329,92B
Excise taxes:
Miscellaneous excise taxes' ................................ 1,887 226 1,660 18,878 166 18,712 19,198 749 18,449
Airport and airway trust fund ... ............................ 396 ... 396 1,886 16 1.870 3,518 21 3,497
Highway trust fund .......................................... 2,006 ...... 2,006 15,533 662 14,871 15,196 SM 14,694
Black lung disability trust fund ............................. 51 ...... 51 396 ...... 396 412 ...... 412
Total-Excise taxes ..................................... 4,339 226 4,113 36,693 8" 35,849 38,325 I'm 37,052
jEstate and gift taxes ......................................... 1,445 31 1,415 11,795 271 11,524 10,159 261 9,8w
Customs duties ............................................... 1,549 122 1,427 12,878 779 12,099 13,83111 1,150 12,611111
Miscellaneous Receipts:
Deposits of earnings by Federal Reserve banks .......... 1,707 ...... 1,707 13,471 ...... 13,471 17.748 ...... 17,748
All other .... ................................................ 222 V 1 222 2,676 6 2,669 2,702 8 2,694
Total Miscellaneous receipts ........................ 1,929 (- -) 1,929 16,148 6 16,140 20,450 a 20,442
Total Receipts ........................................ 113,364 23,320 90,044 1,036,741 98,156 938,584 964,026 93,$U 870,180
Total On-budget ...................................... 83,426 23,320 60,106 792,651 97,394 695,258 729,782 93,846 05,935
Total Off-budget ...................................... 29,938 ...... 29,938 244,090 763 243,327 234,245 ...... 234,245

'includes amounts for the windfall profits tax pursuant to P.L. 96-221 1* *) Less than $500,000.
No Transactions. Note: Details may riot add to totals due to rour4N.




6






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods [$ millions]

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 Receipts Outlays Receipts

Legislative Branch:
Senate ...................... ....... ....... ...... 35 V 1 35 281 1 280 285 1 284
House of Representatives .. ....... __ ....... ........... 74 V 1 74 497 1 496 485 1 484
Joint item s ... .................. ....... .......... 6 ...... 6 52 .... I 52 51 ...... 51
Congressional Budget Office ......... ............ 2 ..... 1 2 14 ...... 14 14 14
Architect of the Capitol ....... ........ 13 1 12 104 5 99 122 6 116
Ubrary of Congress ............... ....................... 31 ...... 31 215 .... 215 511 ... 511
Government Printing Office:
Revolving fund (net) .......... ................... ....... V I V 1 -9 ...... -9 12 ...... 12
General fund appropriations ....... ....................... 9 ...... 9 66 .... 66 65 ... 65
General Accounting Office .................... .............. 34 ...... 34 276 276 270 ... 270
United States Tax Court ... ....... .................. 4 ...... 4 22 ..... 22 21 .... 21
Other Legislative Branch agencies .......................... 2 ...... 2 17 ...... 17 23 ..... 23
Proprietary receipts from the public ............... ......... 1 -1 1 ..... 10 -10 9 -9
Intrabudgetary transactions ..................... ............ -2 ........ -2 -14 ...... -14 -8 -8
Tatel -Lsgi3lative Branch ................................ 207 2 205 1,524 Is 1,506 1,851 17 1,833
The Judiciary:
Supreme Court of the United States ....................... 3 ...... 3 19 ... 19 16 16
Courts of Appeals, District Courts, and other judicial
services ......... ......... ................................. 370 2 369 1,985 5 1,980 1,720 4 1,716
O ther ............................. ...... .................... 14 ...... 14 81 ...... 81 76 ..... 1 76
Total,-The Judiciary ..................................... 387 2 385 2,085 5 2,080 1,812 4 1,809
Executive Office of the President:
Compensation of the President and the White House
Offi ce ......... ................ ....................... 4 ...... 4 27 ...... 27 25 25
Office of Management and Budget ......................... 6 ...... 6 38 ...... 38 37 ...... 37
O ther ......................................................... 9 9 72 ...... 72 84 ...... 84
Totsl -Executlve Office of the President .............. 19 ...... 19 137 ...... 137 145 ...... 145
Funds Appropriated to the President:
International Security Assistance:
Foreign military loan program ............................. 38 30 8 282 357 -75 586 390 196
Foreign military financing program ........................ 16 ...... 16 2,308 ... 2,308 2,664 ...... 2,W
Economic support fund and International Fund for
Ireland ..................................................... 82 ...... 82 1,817 ... 1,817 2,297 ...... 2,297
Peacekeeping Operations .................................. 3 ...... 3 34 ...... 34 54 54
O ther ............. ...... ....... ..................... 3 ..... 3 20 ...... 20 20 ...... 20
Proprietary receipts from the public ...................... ...... 1 -11 ...... 482 -482 ...... 430 -430
Total-International Security Assistance ......... ...... 143 41 101 4,461 839 3,622 5,621 819 4,802
International Development Assistance:
Multilateral Assistance:
Contribution to the International Development
Association .. ...... .......... ........................ ...... ..... ...... 859 ...... 859 743 ...... 743
International organizations and programs .............. ( ) ...... V 1 117 ... 117 443 ..... 443
O ther .......... .......... ............................... ...... ...... ...... 414 ...... 414 267 ...... 267
Total-Multilateral Assistance ........................ V I ...... V 1 1,390 ...... 1,390 1,453 ...... 1,453
Agency for International Development:
Sustainable development assistance program .......... 50 ...... 50 873 ...... 873 864 ...... 864
Assistance for eastern europe and the baltic States 29 ..... 29 226 ...... 226 239 ...... 239
Assistance for the new independent States of the
former soviet union .................................... 99 ...... 99 530 ...... 530 551 .... 551
Development fund for Africa ............................ 65 ...... 65 402 ...... 402 485 ..... 485
Operating expenses ................ .................... 40 ...... 40 312 ...... 312 331 ...... 331
Payment to the Foreign Service retirement and
disability fund ........ .............. ................... .... ...... ..... 44 ...... 44 45 ...... 45
Other ..................................................... 21 4 17 191 40 150 158 30 128
Proprietary receipts from the public .................... ...... 77 -77 ...... 555 -555 ..... 526 -526
Intrabudgetary transactions ............................. V I ...... V I V I ...... V I
Total-Agency for International Development ....... 304 81 223 2,578 596 1,982 2,673 556 2,117
Overseas Private Investment Corporation ................ 5 31 -26 50 187 -137 31 182 -151
Peace Corps ............................................... 29 ...... 29 144 ... 144 150 ...... 150
Other ....................................................... 14 ...... 14 47 ...... 47 63 ...... 63
Total-Intemational Development Assistance .......... 353 112 241 4,209 783 3,426 4,370 738 3,632
International Monetary Programs ... ........................ 83 ...... 83 643 ...... 643 -935 ... -935
Military Sales Programs:
Special defense acquisition fund .......................... 6 1 5 36 61 -24 108 118 -10
Foreign military sales trust fund .......................... 1,164 ...... 1,164 9,424 ..... 9,424 8,787 ...... 8,787
Kuwait civil reconstruction trust fund ..................... ...... ... ... V 1) V I V I V I
Proprietary receipts from the public ...................... ..... 1 1,007 -1,007 ...... 9,345 -9,345 .... I 8,105 -8,105
O ther .... .................................................... 5 5 31 ... ... 31 23 ...... 23
Total-Funds Appropriated to the President ........... 1,753 1,161 592 18,805 11,027 7,777 17,974 9,780 8,193

7








Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued [$ millions)

This Month Current Fiscal Year to Date Prior Face! Year to Date
Classification Gross Applicable Outlays Gross Applicable Outlays Gross jApplicable outlays
4 Receipts Outlays Receipts Outlays Receipts

Department of Agriculture:
Agricultural Research Service ................................ 59 ..... 59 488 .... 488 494 ....... 494
Cooperative State Research, Education, and Extension
Service:
Cooperative state research activities ..................... 36 ...... 36 273 ...... 273 287 ...... 287
Extension activities ........................................ 36 ...... 36 258 ...... 258 294 ...... 294
Other ................................... 6 ...... 6 22 ...... 22 27 ...... 27
Animal and Plant Health Inspection Service ................ 33 ...... 33 309 ...... 309 334 ...... 334
Food Safety and Inspection Service ........................ 39 ...... 39 334 ...... 334 346 ...... 346
Agricultural Marketing Service ............................... 18 ...... 18 441 ...... 441 509 ...... 509

Farm Service Agency:
Salaries and expenses .................................... 93 ...... 93 409 ...... 409 475 ...... 475
Conservation programs .................................... 20 ...... 20 1,805 ...... 1,805 1,828 ...... 1,828
Federal crop insurance corporation fund ................. 63 1 62 1,419 346 1,073 486 451 36
Commodity Credit Corporation:
Price support and related programs .................... 172 649 -477 7,317 5,535 1,782 15,689 6,870 8,8M
National Wool Act Program ............................. ...... ...... ...... -1 ...... -1 102 ...... 102
Agricultural credit insurance fund ......................... 80 167 -87 452 1,025 -573 901 1,076 -175
O ther ....................................................... 1 1 10 ...... 10 158 ...... ISO
Total-Farm Service Agency ........................... 429 816 -387 11,412 6,905 4,506 19,640 8,396 11.244

Natural Resources Conservation Service:
Conservation operations ................................... 53 ...... 53 416 ...... 416 376 ..... 376
Watershed and flood prevention operations .............. 20 ...... 20 163 ...... 163 187 ...... 187
O ther ....................................................... 16 ...... 16 110 ...... 110 81 ...... 81
Rural Utilities Service:
Rural water and waste disposal fund .................... 38 ..... 38 276 ..... 276 215 ...... 215
Rural electrification and telephone fund .................. 12 141 -129 1,501 2,460 -959 1,510 1,885 -374
Rural development insurance fund ........................ 80 31 49 534 326 268 587 309 278
Other ........................................................ 6 19 -13 99 170 -71 57 134 -77
Rural housing and Community Development Service:
Rural housing insurance fund ............................. 327 188 139 2,056 1,747 309 2,427 1,678 749
Rental assistance program ................................ 41 ...... 41 319 ...... 319 286 ...... 286
Other ....................................................... 46 ...... 46 -8 ...... -8 -159 ...... -159
Foreign Agricultural Service .................................. 120 ...... 120 431 ...... 431 715 ...... 715

Food and Consumer Service:
Food stamp program ...................................... 2,176 ...... 2,176 17,179 ...... 17,179 17,331 ...... 17,331
State child nutrition programs ............................. 774 ...... 774 5,855 ...... 5,855 5,543 ...... 5,543
Women, infants and children programs ................... 331 ...... 331 2,510 ...... 2,510 2,308 ...... 2,308
Other ....................................................... 31 ...... 31 351 ...... 351 377 ...... 377
Total-Food and Consumer Service ...... ............ 3,312 ...... 3,312 25,895 ...... 25,896 25,560 ...... 25,5W

Forest Service:
National forest system .................................... 92 ...... 92 849 ...... 849 870 ...... 870
Firefighting and protection funds .......................... 37 ...... 37 231 ...... 231 763 ...... 763
Forest service permanent appropriations ................. 31 ...... 31 532 ...... 532 570 ...... 570
Other ....................................................... 59 ...... 59 469 ...... 469 95 ...... 95
Total-Forest Service ................................... 219 ...... 219 2,080 ...... 2,080 2.297 ...... 2,297

Other ......................................................... 62 3 59 341 26 315 336 26 310
Proprietary receipts from the public ......................... ...... 53 -53 ...... 606 __M ...... 643 -443
Intrabudgetary transactions ....................... .......... V I ...... V 1 -50 .... I -50 V I ...... V I

Total-Department of Agriculture ....................... 51008 1,252 3,756 47,697 12,239 35,458 56,408 13,071 43,337

Department of Commerce:
Economic Development Administration ................... 39 V 1 38 311 6 305 225 9 217
Bureau of the Census ....................................... 20 ... 20 202 ...... 202 218 ...... 218
Promotion of Industry and.Commerce ...................... 31 ...... 31 217 ...... 217 251 ...... 251

Science and Technology:
National Oceanic and Atmospheric Administration ....... 169 2 166 1,380 9 1,371 1,293 15 1,278
National Institute of Standards and Technology ......... 58 ...... 58 359 ...... 359 286 ...... 286
Other ....................................................... 26 3 23 76 19 56 74 21 53
Total-Science and Technology ........................ 252 5 247 1,815 28 1.787 1,653 36 1,617

Other ...................................................... 9 ...... 9 73 ...... 73 64 V 1 64
Proprietary receipts from the public ....... ............... ...... 11 -11 ...... 86 -86 ...... 83 -83
Intrabudgetary transactions .................................. V I ...... V I V *) ...... C I V I ...... V I
Offsetting governmental receipts ............................ ...... ...... ...... ...... ...... ..... ...... ...... ......

Total-Department of Commerce ....................... 351 16 335 2,618 120 2,499 2,412 128 2,284

8






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Confinued 111 millions)

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

Department of Defense-Military:
Military personnel:
Department of the Army ....... .......... 3,138 3,138 16,532 16,532 15,982 15,982
Department of the Navy ........... 2,663 ..... 2,663 16,144 .... 16,144 16,504 16,504
Department of the Air Force .... ................. ....... 2,291 ...... 2,291 12,544 12.544 12,034 12,034
Total-Military personnel ... ............... 8,092 ...... 8,092 45,219 ... 45,219 44,521 44,521

Operation and maintenance:
Department of the Army ..................... .... 2,187 .... 2,187 14,909 ... 14,909 14,742 14,742
Department of the Navy .......... ......... ...... 2,247 ...... 2,247 15,010 .... 15,010 15,724 15,724
Department of the Air Force ............. ................ 2,087 ...... Z087 15,436 .... I 15,436 15,727 ..... 15,727
Defense agencies ... ......... ....... ....... .... 1,871 ...... 1,871 13,442 1 ..... 13,442 12,768 12,768
Total-Operation and maintenance .......... 8,392 ...... 8,392 58,797 ... 58,797 58,962 ...... 58,962

Procurement:
Department of the Army ... ............ ................. 743 ...... 743 4,790 .... 4,790 5,006 ...... 5,006
Department of the Navy .................. ......... 1,443 ..... 1 1,"3 12,481 ...... 12,481 14,844 ..' ... 14,8"
Department of the Air Force ....... ...................... 1,656 ...... 1,656 12,030 12,030 14,234 ...... 14,234
Defense agencies ... ....... ................. 342 ... 342 2,413 .... 2,413 2,575 2,575
Total-Procurement ............ .... 4,185 ... 4,185 31,713 ...... 31,713 36,660 ...... 36,660

Research, development, test, and evaluation:
Department of the Army ......... ........................ 414 ...... 414 3,405 ... 3,405 3,363 ...... 3,363
Department of the Navy .................................. 781 ...... 781 6,002 ...... 6,002 6,184 ...... 6,184
Department of the Air Force ........... ............. .... 1,325 ...... 1,325 8,664 ...... 8,664 8,314 ...... 8,314
Defense agencies ............... .................. 847 ...... 847 5,776 5,776 5,254 ...... 5,254
Total-Research, development, test and evaluation 3,368 ...... 3,368 23,847 ...... 23,847 23,115 23,115

Military construction:
Department of the Army ............ ..................... 117 .... 117 767 767 629 ...... 629
Department of the Navy .. ............. ........... ..... 59 .... 59 367 ...... 367 553 ...... 553
Department of the Air Force .............................. 155 ...... 155 859 ...... 859 861 ...... 861
Defense agencies .......................................... 345 ... 345 2,577 ...... 2,577 2,233 ..... 1 2,233
Total-Military construction ............................. 677 ...... 677 4,571 ...... 4,571 4,275 ...... 4,275

Family housing:
Department of the Army ...... ........................... 116 .... 116 856 ..... 856 769 ...... 769
Department of the Navy .................................. 123 ...... 123 897 897 715 ...... 715
Department of the Air Force .................... ......... 99 ...... 99 700 ..... 700 688 ...... 688
Defense agencies ...... ......................... 10 13 -3 91 57 33 102 33 69
Revolving and management funds:
Department of the Army .................................. -30 .... -30 53 ...... 53 -42 -42
Department of the Navy ................................. 140 ...... 140 868 ...... 868 203 ... 203
Departm ent of the Air Force .............................. ...... ...... ...... ...... ...... ...... ...... ...... .....
Defense agencies:
Defense business operations fund ..................... 678 ...... 678 2,950 ... 2,950 -480 ...... -480
Other ............................. ....................... -19 C 1 -19 -37 3 -41 -105 2 -107
Trust funds:
Department of the Army .... ............ ................ V I ...... V 1 1) ...... V I V I V I C I
Department of the Navy .................................. 3 1 2 25 11 14 17 3 15
Department of the Air Force .............................. 1 1 (* 1 6 5 V I C I V I C I
Defense agencies .......................................... 29 ...... 29 133 ... 133 160 ...... 160
Proprietary receipts from the public:
Department of the Army .............. ................... ...... 36 -36 ...... 277 -277 .... 210 -210
Department of the Navy ........ ......................... ...... 29 -29 ...... 142 -142 ..... 140 -140
Department of the Air Force .............................. ... 18 -18 ...... 194 -194 ...... 718 -718
Defense agencies .......................................... ...... 78 -78 ...... 179 -179 .... 244 -244
Intrabudgetary transactions:
Department of the Army ......................... ........ -15 ...... -15 35 ...... 35 14 ..... 14
Department of the Navy .................................. -9 .... -9 724 .... 1. 724 437 ..... 437
Department of the Air Force .............................. 5 ...... 5 98 ...... 98 121 ...... 121
Defense agencies ....... ................... .............. -11 -11 -299 ..... -299 -145 .... -145
Offsetting governmental receipts:
Department of the Army ..... ............................ ...... V I V I ...... 7 -7
Defense agencies .............. ........................... ...... ...... C I V I ...... V I

Total-Department of Defense-Military ............. 25,834 175 25,658 171,247 875 170,371 169,988 1,351 168,637







9






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued ($ millions]

This Month Cuwervt Fiscal Year to Date Prior Fiscal Yew to Date
Classification Gross ftpilwwe Outlays Gross jW 1caWe Ouft s Gross JAWio** outlays
Outlays R Pts Outlays Receipts Outlays Receipts

Department of Defense-Civil
Corps of Engineers:
Construction, general ...................................... 124 ...... 124 722 ...... 722 685 ...... 686
Operation and maintenance, general ...................... 135 ...... 135 751 ...... 751 894 ...... 894
Other ....................................................... 96 ...... 96 1,115 ...... 1,115 9W ...... 936
Proprietary receipts from the public ...................... ...... 34 -34 ...... 129 -129 ...... 88 _W
Total-Corps of Engineers ............................. 356 34 322 2,589 129 2,460 2,513 88 2,426

Military retirement:
Payment to military retirement fund ...................... ...... ...... ...... 10,699 ...... 10.699 11,470 ...... 11,470
Military retirement fund .................................... 2,438 ...... 2,438 19,118 ...... 19,118 18,335 ..... 18,335
Intrabudgetary transactions ................................ ...... ...... ...... -10,699 ...... -10.699 -11,470 ...... -11,470
Education benefits ........................................... 8 ...... 8 36 ...... 36 67 ...... 67
Other ......................................................... 8 V *) 7 50 3 48 53 3 50
Proprietary receipts from the public ......................... ...... 1 -1 ...... 11 -11 ...... 8 -8

Total-Department of Defense-Civil ................... 2,809 35 2,774 21,793 142 21,651 20,968 so "NO

Department of Education:
Office of Elementary and Secondary Education:
Education for the disadvantaged .......................... 734 ...... 734 4,929 ...... 4,929 4,757 ...... 4.757
Impact aid .................................................. 41 ...... 41 624 ...... 624 652 ...... 652
School improvement programs ............................ 97 ...... 97 890 ...... 890 942 ...... 942
Other ....................................................... 22 ...... 22 229 ...... 229 77 ...... 77
Total-Office of Elementary and Secondary
Education ............................................... 895 ...... 895 6,672 ...... 6,672 6,429 ...... 6,429

Office of Bilingual Education and Minority Languages
Affairs ....................................................... 17 ...... 17 129 ...... 129 147 ...... 147
Office of Special Education and Rehabilitative Services:
Special education .......................................... 245 ...... 245 2,294 ...... 2,294 2,187 ...... 2,187
Rehabilitation services and disability research ............ 193 ...... 193 1,585 ...... 1,585 1,569 ...... 1,569
Special institutions for persons with disabilities .......... 11 ...... 11 75 ...... 75 95 ...... 95
Office of Vocational and Adult Education .................. 92 ...... 92 1,051 ...... 1,051 1,026 ...... 1,026

Office of Postsecondary Education:
College housing loans ..................................... ...... 6 -6 5 42 -37 14 51 -37
Student financial assistance ............................... 325 ...... 325 4,874 ...... 4,874 5,037 ...... 5,037
Higher education ........ ......... ........................ 67 ...... 67 522 ...... 522 521 ...... 521
Howard University ......................................... 3 ...... 3 105 ...... 105 141 ...... 141
Federal direct student loan program ...................... 27 ...... 27 447 ...... 447 365 ...... 365
Federal family education loans ............................ -20 ...... -20 1,095 ...... 1,095 2,600 ...... 2,600
O ther ....................................................... 4 ...... 4 4 ...... 4 2 2
Total-Office of Postsecondary Education ............. 406 6 400 7,051 42 7,009 8,681 51 8,630

Office of Educational Research and Improvement ......... 34 ...... 34 296 ...... 296 273 ...... 273
Departmental management .................................. 27 ...... 27 295 ...... 295 296 ...... 296
Proprietary receipts from the public ......................... ...... 8 -8 ...... 49 -49 ...... 65

Total-Department of Education ........................ 1,920 14 1,906 19,448 91 19,357 20,703 lie 20,587

Department of Energy:
Atomic energy defense activities ............................ 954 ...... 954 7,856 ...... 7.856 7,989 ...... 7,989

Energy programs:
General science and research activities .................. 93 ...... 93 716 ...... 716 956 ...... 956
Energy supply, R and D activities ........................ 249 ...... 249 2,032 ...... 2,032 2,145 ...... 2,145
Uranium supply and enrichment activities ................ 9 ...... 9 so .. I ... 80 73 ...... 73
Fossil energy research and development ................. 35 ...... 35 303 ...... 303 288 ..... 288
Energy conservation ....................................... 53 ...... 53 431 ...... 431 430 ...... 430
Strategic petroleum reserve ............................... 25 ...... 25 162 ...... 162 140 ...... 140
Clean coal technology ..................................... ...... ...... ...... ...... ...... ...... ...... ...... ......
Nuclear waste disposal fund .............................. 14 ...... 14 141 ...... 141 228 ...... 228
Uranium enrichment decontamination and
decommissioning fund .................................... 25 ...... 25 169 ...... 169 205 .... 205
Other ...................................................... 61 V 1 61 422 1 421 448 1 448
Total-Energy programs ................................ 565 V 1 565 4,456 1 4,455 4,912 1 4.912

Power Marketing Administration ............................. 104 165 -62 948 1,384 -437 1,161 1,359 -199
Departmental administration ................................. 42 ...... 42 284 ...... 284 319 ...... 319
Proprietary receipts from the public ......................... ...... 197 -197 ...... 1,343 -1,343 ...... 1,186 -1,186
Intrabudgetary transactions .................................. -92 ...... -92 ...... -359 ...... -359
Offsetting governmental receipts ............................ ...... 10 -10 ...... 14 -14 ...... 9 -9

Total-Department of Energy ............................ 1,573 373 1,200 13,100 2,741 10,358 14,022 2,S55 11,467

10






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued 1$ millions]

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

Department of Health and Human Services:
Public Health Service:
Food and Drug Administration ............. 102 V 1) 102 558 3 555 552 3 548
Health Resources and Services Administration .......... 329 ... 329 2,536 ... 2,536 1,633 1,633
Indian Health Services ... ...... ................ ..... 147 ..... 147 1,475 1,475 1,412 1,412
Centers for Disease Control and Prevention .......... 147 ... 147 1,535 ... 1.535 1,175 ... 1,175
National Institutes of Health ........ ......... ...... 697 ...... 697 6 540 ... 6,540 7,164 7,164
Substance Abuse and Mental Health Services
Administration ..... ... ....... ........ ...... 176 ... 176 1,326 .... 1,326 1,587 1,587
Agency for Health Care Policy and Research ...... 13 ..... 13 83 ...... 83 82 ...... 82

Total-Public Health Service ......... .... 1,612 1,611 14,052 3 14,049 13,604 3 13,600

Health Care Financing Administration:
Grants to States for Medicaid .................... ....... 9,144 ...... 9,144 60,949 ..... 60,949 58,722 ... 58,722
Payments to health care trust funds ....... ............. 4,781 ... 4,781 45,842 .... 45,842 31,573 31,573

Federal hospital insurance trust fund:
Benefit payments ........ ........ ........ ........ 12,213 ..... 12,213 83,052 ...... 83,052 73,401 73,401
Administrative expenses ......... ....................... 120 ...... 120 770 ..... 770 844 ...... 844
Quinquennial military service credit adjustment ........ 2,366 ...... 2,366 2,366 ... 2,366 .... ...... ......
Total-FHI trust fund ...................... .......... 14,699 ...... 14,699 86,188 ..... 86,188 74,245 74,245

Federal supplementary medical insurance trust fund:
Benefit payments ........ ............................... 6,666 ...... 6,666 44,951 .... 44,951 40,745 ... 40,745
Administrative expenses ........ ........................ 209 ...... 209 1,198 ...... 1,198 1,123 ...... 1,123
Total-FSMI trust fund ........................ ...... 6,875 ...... 6,875 46,148 ...... 46,148 41,867 .... 41,867

O ther ............ ....... ...... ........................ -44 ...... -44 -21 ...... -21 22 ..... 22

Totat-Health Care Financing Administration ........... 35,455 ...... 35,455 239,107 ...... 239,107 206,429 .... 206,429

Administration for children and families:
Family support payments to States ............... ...... 1,349 ...... 1,349 11,505 ...... 11,505 11,676 ...... 11,676
Low income home energy assistance .................... 98 ...... 98 873 ...... 873 1,181 .... 1,181
Refugee and entrant assistance .. .......... .......... 26 ...... 26 235 ..... 235 247 ...... 247
Payments to States for the job opportunities and basic
skills training program ............... .................... 82 ...... 82 647 ...... 647 646 .... 646
Payments to States for the child care and development
block grant ............................................... 78 ...... 78 644 ...... 644 617 ...... 617
Social services block grant ...... ..................... ... 200 ...... 200 1,797 1,797 1,912 ...... 1,912
Children and families services programs ................. 483 ...... 483 3,451 ...... 3,451 3,424 ... 3,424
Payments to States for foster care and adoption
assistance .................... ................. ..... 540 ...... 540 2,540 ... 2,540 2,149 ...... 2,149
O ther ..... ........................ ............ ........... 10 ... 10 61 ...... 61 159 ...... 159
Total--Administration for children and families ........ 2,867 ...... 2,867 21,753 ...... 21,753 22,011 .... 22,011

Administration on aging ... .................................. 115 ...... 115 560 ...... 560 604 ...... 604
O ther ......................................................... 131 ...... 131 478 ...... 478 391 ...... 391
Proprietary receipts from the public ......................... ..... 1,641 -1,641 ...... 13,461 -13,461 ... 13,235 -13,235
Intrabudgetary transactions:
Payments for health insurance for the aged:
Federal hospital insurance trust fund ......... ........ ...... ...... ...... ...... ...... ... ....
Federal supplementary medical insurance trust fund -4,781 .... -4,781 -42,414 ..... -42,414 -28,173 ..... -28,173
Payments for tax and other credits: I
Federal hospital insurance trust fund ... ....... ...... ...... ..... ...... -3,428 ..... -3,428 -3,400 ..... -3,400
Quinquennial adjustment for military service credits
from FHI ................ ............................... -2,366 ...... -2,366 -2,366 .... -2,366 ...... .... ......

Totall-Department of Health and Human Services 33,032 1,641 31,391 227,742 13,464 214,278 211,465 13,238 198,227
















11






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Confinued [$ millions]

This Month Current Fiscal Year to Date Prior Fiscal Yew to Doe
Gross JApplicablel outlays
Classification Outlays Receipts Outlays Receipts Z_ Outlays Receipts
Gross Applicable Outlays Gross Applicable ys


Department of Housing and Urban DevelopmentHousing programs:
Public enterprise funds .................................... 5 7 -1 73 48 25 119 87 31
Credit accounts:
Federal housing administration fund .................... 1,601 1,509 92 6,907 8,343 -1,436 4,998 5,= -310
Housing for the elderly or handicapped fund .......... -10 55 -65 479 403 76 541 442 99
Other ..................................................... 63 ...... 63 5 ...... 445 383 ...... 383
Rent supplement payments ............................... 5 ...... 5 66 ...... 66 107 ...... 107
Homeownership assistance ................................ 8 ...... 8 68 ...... 68 79 ...... 79
Rental housing assistance ................................. 101 ...... 101 475 ...... 475 433 ...... 433
Rental housing development grants ...................... ...... ...... ...... ...... ...... ...... V *) ..... V *)
Low-rent public housing ................................... 62 ...... 62 506 ... ... 506 525 ...... 525
Public housing grants ..................................... 307 ...... 307 2,629 ...... 2,629 2,416 ...... 2,416
College housing grants .................................... 2 ...... 2 11 V I 11 12 (1 1 12
Lower income housing assistance .. ..................... 796 ...... 796 6,052 ...... 6,052 6,625 ...... 6,625
Section 8 contract renewals .............................. 477 ...... 477 3,898 ...... 3,898 3,267 ...... 3,267
Other ....................................................... 40 ...... 40 253 ...... 253 113 ...... 113
Total-Housing programs ............................... 3,456 1,570 1,885 21,864 8,794 13,071 19,619 5,837 13.782

Public and Indian Housing programs:
Low-rent public housing-Loans and other expenses ... 3 V 1 3 249 187 63 259 197 62
Payments for operation of low-income housing
projects ........... ....................................... 219 ...... 219 1,834 ...... 1,834 1,790 ...... 1.790
Community Partnerships Against Crime .................. 22 ...... 22 155 ...... 155 108 ...... 108
Other ....................................................... 7 ...... 7 57 ...... 57 14 ...... 14
Total-Public and Indian Housing programs ........... 250 V 1 250 2,296 187 2,109 2,171 197 1,973

Government National Mortgage Association:
Management and liquidating functions fund .............. ...... ...... ...... ...... V V I ...... V I V I
Guarantees of mortgage-backed securities ............... 16 64 -48 135 518 -3.82 234 525 -291
Total-Government National Mortgage Association .... 16 64 -48 135 518 -383 234 525 -291

Community Planning and Development:
Community Development Grants .......................... 362 ...... 362 3,014 ...... 3,014 2,792 ...... 2.792
Home investment partnerships program .................. 115 ...... 115 786 ...... 786 749 ...... 749
Other ....................................................... 36 8 28 248 76 172 214 78 135
Total-Community Planning and Development ......... 513 8 505 4,048 76 3,972 3,754 78 3,676

Management and Administration ............................ -166 ...... -166 288 ...... 288 331 ..... 331
Other ......................................................... 6 ...... 6 36 ...... 36 38 ...... 38
Proprietary receipts from the public ......................... ...... 41 -41 ...... 319 -319 ...... 301 -301
Offsetting governmental receipts ............................ ...... 7 -7 ...... 13 -13 ...... 5 __5

Total-Department of Housing and Urban
Development ............................................. 4,075 1,691 2,384 28,667 9,907 18,760 26,147 6,9" 19,203

Department of the Interior;
Land and minerals management:
Bureau of Land Management:
Management of lands and resources .................. 45 ...... 45 367 ..... 367 426 426
Other ..................................................... 24 ...... 24 186 ...... 186 333 ...... 333
Minerals Management Service ............................ 58 ...... 58 433 ...... 433 462 ..... 462
Office of Surface Mining Reclamation and
Enforcement .............................................. 22 ...... 22 220 ...... 220 207 ..... 207
Total-Land and minerals management ................ 148 ...... 148 1,206 ...... 1,206 1,428 ...... 1,428

Water and science:
Bureau of Reclamation:
Construction program ......... ......................... 31 ...... 31 168 ...... 168 199 ...... 199
Operation and maintenance ............................. 19 ...... 19 160 ...... 160 169 ...... 169
Other ..................................................... 20 4 15 251 85 166 277 116 162
United States Geological Survey .......................... 64 ...... 64 350 ...... 350 372 ..... 372
Other ....................................................... 19 3 is 210 18 192 227 17 210
Total-Water and science ........ ..................... 152 8 144 1,140 103 1,037 1.244 133 1,112

Fish and wildlife and parks:
United States Fish and Wildlife Service .................. 95 ...... 95 797 ...... 797 840 ...... 840
National Park Service ...................................... 118 ...... 118 941 ...... 941 1,010 ...... 1,010
Total-Fish and wildlife and parks ..................... 213--- 213 1,738 ...... 1,738 1,850 ...... 1,8W




12






Table 5. Outlays of the U.S. Government May 1996 and Other Periods-Continued j$ millions)

This Month Current Final Year to Date Prior Final Yew to Do%
Classification Gross Applicable Outlays Gross Applicable Outlays Gross jAppiliciablel outlays
Outlays Receipts Outlays Receipts Outlays Recisipts

Department of the Interior-Continued
Bureau of Indian Affairs:
Operation of Indian programs ...... ............ ....... 96 ... 96 928 .... 928 992 ...... 992
Indian tribal funds .. .......... .................. 20 .... 20 172 172 180 .... lee
Other .. ................. ........... 25 1 24 252 11 241 279 8 272
Totat-Bureau of Indian Affairs ...... ........ 140 1 140 1,352 11 1,341 1,459 a 1,451

Insular affairs ..... ........ ...... ................. 6 6 201 201 370 ...... 370
Other departmental offices ....................... .... 76 ...... 76 149 ...... 149 79 ..... 1 79
Proprietary receipts from the public ............ ...... 155 -155 ... ... 1,165 -1,165 .... 1.233 -1,233
Intrabudgetary transactions ... ........ ........ -5 ... -5 -175 ... -175 -167 .... I -167
Offsetting governmental receipts ............................ V *) V I .... I V 1) V 1) ...... 3 -3

Total-Departinent of the Interior ....................... 730 163 567 5,612 1,279 4,333 6,262 1,377 4,865

Department of Justice:
General Administration:
Community Oriented Policing Services ... ...... ......... 26 ...... 26 161 ...... 161 214 ...... 214
Other ............ ....................... ............. 99 ...... 99 191 ...... 191 101 ...... 101
Legal activities .............................................. 137 ... 137 1,702 ...... 1,702 1,781 ...... 1,781
Federal Bureau of Investigation ...... ................. 179 ...... 179 1,486 .... I 1,486 1,347 ...... 1,347
Drug Enforcement Administration ........................... 99 I .... 99 549 ...... 549 510 ...... 510
Immigration and Naturalization Service ...................... 210 ...... 210 1,391 ...... 1,391 1,119 ...... 1,119
Federal Prison System ....................................... 264 12 252 2,037 91 1,946 1,850 86 1,764
Office of Justice Programs .................................. 129 ... 129 770 ...... 770 446 ...... 446
Other ............ .......... ................ .............. 54 ...... 54 136 .... I 136 224 ...... 224
Intrabudgetary transactions .................................. -11 ...... -11 -33 ...... -33 -39 ...... -39
Offsetting governmental receipts ............................ ...... 95 -95 ...... 604 -604 ...... 561 -561
Total-Department of Justice ........................... 1,186 107 1,079 8,390 695 7,695 7,555 6" 6,we

Department of Labor:
Employment and Training Administration:
Training and employment services .......... ............. 332 ...... 332 2,666 ...... 2,666 2,827 .... 2,827
Community Service Employment for Older Americans 31 ...... 31 261 .... I 261 260 ...... 260
Federal unemployment benefits and allowances ......... 24 ...... 24 201 ...... 201 139 ...... 139
State unemployment insurance and employment service
operations ................................................. 1 48 ...... 48 39 ...... 39
Advances to the unemployment trust fund and other
funds ...................................................... ...... ...... ...... ...... ...... ...... 6 19 ...... 6 19

Unemployment trust fund:
Federal-State unemployment insurance:
State unemployment benefits ......................... 1,792 ...... 1,792 15,995 ...... 15,995 14,871 ...... 14,871
State administrative expenses ........................ 307 .... 307 2,185 ...... 2,185 2.135 ...... 2,135
Federal administrative expenses ...................... 12 ...... 12 152 .... I 152 150 ...... 150
Veterans employment and training ................... 18 ...... 18 108 ...... 108 120 ...... 120
Repayment of advances from the general fund ..... ...... ... I., I .... ...... ...... .... ...... ...... ......
Railroad unemployment insurance ...................... 5 ...... 5 50 I .... 50 44 ...... 44
O ther ............................... ........ ............ 2 2 13 ...... 13 12 ...... 12
Total-Unemployment trust fund .................... 2,136 ..... 2,136 18,503 ...... 18,503 17,333 ...... 17,333

O ther ............................ .......................... 6 ...... 6 49 ..... 1 49 56 ...... 56

Total-Employment and Training Administration ....... 2,527 ...... 2,527 21,727 ...... 21,727 21,272 ...... 21,272

Pension Benefit Guaranty Corporation ...................... 80 56 24 646 799 -153 981 1,185 -204
Employment Standards Administration:
Salaries and expenses .................................... 23 ...... 23 148 148 159 ...... 159
Special benefits ............................................ -232 ...... -232 -14 ...... -14 5 ...... 5
Black lung disability trust fund ....... .................... 45 ...... 45 361 ... 361 382 ...... 382
Other ....................................................... 15 15 95 ...... 95 94 ...... 94
Occupational Safety and Health Administration ............. 27 ...... 27 188 ... 188 197 ...... 197
Bureau of Labor Statistics .................................. 17 ...... 17 161 ...... 161 182 ...... 182
Other ....................................................... 44 ...... 44 307 ...... 307 314 ...... 314
Proprietary receipts from the public ................. V I V I ...... 4 -4 5 -5
Intrabudgetary transactions ............... .................. -103 ..... -103 -413 ...... -413 -1,010 ...... -1,010

Total-Department of Labor ............................. 2,443 56 2,387 23,206 803 22,403 22,578 1,190 21,3111411








13






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued [$ millions]

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

Department of State:
Administration of Foreign Affairs:
Diplomatic and consular programs ........................ 148 .... 148 1,192 ...... 1,192 1,022 ...... 1,022
Acquisition and maintenance of buildings abroad ........ 36 ...... 36 351 ...... 351 345 ...... 345
Payment to Foreign Service retirement and disability
fund ....................................................... 55 ...... 55 125 ...... 125 129 ...... 129
Foreign Service retirement and disability fund ........... 40 ...... 40 307 ...... 307 297 ...... 297
Other ....................................................... 46 ...... 46 269 ...... 269 334 ...... 334
Total-Administration of Foreign Affairs ............... 325 ...... 325 2,245 ...... 2,245 2,126 ...... 2,126

International organizations and Conferences ................ 23 ...... 23 579 ...... 579 1,311 ...... 1,311
Migration and refugee assistance ........................... 93 ...... 93 425 .. .... 425 460 ...... 460
Other ......................................................... 18 ...... 18 150 ...... 150 84 ...... 84
Proprietary receipts from the public ......................... ...... ...... ... ... ...... ...... .... ...... ...... ......
Intrabudgetary transactions .................................. -55 ...... -55 -170 ... ... -170 -182 ...... -182
Offsetting governmental receipts ............................ ...... ...... ...... ...... ...... ...... ...... ......

Total-Department of State .............................. 404 ...... 404 3,227 ...... 3,227 3,799 ...... 3,799

Department of Transportation:
Federal Highway Administration:
Highway trust fund:
Federal-aid highways .................................... 1,620 ...... 1,620 12,105 ...... 12,105 11,757 ...... 11.757
Other ..................................................... 29 ...... 29 141 ...... 141 119 ...... 119
Other programs ............................................ 24 ...... 24 148 ...... 148 126 ...... 126
Total-Federal Highway Administration ................. 1,673 ...... 1,673 12,394 ...... 12,304 12,003 ...... 12.003

National Highway Traffic Safety Administration ............. 21 ...... 21 167 ...... 167 178 ...... 178

Federal Railroad Administration:
Grants to National Railroad Passenger Corporation ..... 1 ...... 1 520 ...... 5 O 708 ...... 708
Other ........................................................ 60 1 59 229 8 220 151 7 144
Total-Federal Railroad Administration ................. 61 1 60 748 8 740 859 7 852

Federal Transit Administration:
Formula grants ............................................. -127 ..... -127 390 ...... 390 439 ...... 439
Discretionary grants ....................................... 205 ...... 205 1,478 ..... 1 1,478 1,332 ...... 1.332
Trust fund share of expenses ............................ 278 ...... 278 833 ...... 833 863 ...... 863
Other ....................................................... 30 ...... 30 203 ...... 203 344 ...... 344
Total-Federal Transit Administration .................. 386 ...... 386 2,904 ...... 2,904 2,977 ...... 2,977

Federal Aviation Administration:
Operations ................................................. 217 ...... 217 1,582 ..... 1,582 1,294 ...... 1,294

Airport and airway trust fund:
Grants-in-aid for airports ................................ 129 ...... 129 1,077 ...... 1,077 1,164 ...... 1,164
Facilities and equipment ................................ 176 ...... 176 1,530 ...... 1,530 1,749 ...... 1,749
Research, engineering and development ............... 21 ...... 21 153 ...... 153 151 ...... 151
Trust fund share of operations ......................... 185 ..' ... 185 1,482 ...... 1,482 1,729 ...... 1,729
Total-Airport and airway trust fund ................ 511 ...... 511 4,242 ...... 4,242 4,793 ...... 4,793

Other ....................................................... V *) V I V I V *) 2 -2 V *) 1 -1

Total-Federal Aviation Administration ................. 728 V 1 728 5,825 2 5,823 6,088 1 6,086

Coast Guard:
Operating expenses ....................................... 258 ...... 258 1,678 ...... 1,678 1,640 .... 1,640
Acquisition, construction, and improvements ............. 61 ...... 61 264 ...... 264 164 ...... 164
Retired pay ... ..................... .................... 49 ...... 49 374 ...... 374 352 ...... 352
Other ....................................................... 24 V 24 141 3 138 195 4 191
Total-Coast Guard ..................................... 393 V 393 2,458 3 2,464 2,351 4 2,347

Maritime Administration .................. ................... 55 22 33 410 271 140 458 186 272
Other ................... ..................................... 34 2 31 229 8 221 242 6 236
Proprietary receipts from the public ......................... ...... 3 -3 ...... 7 -7 ...... 3 -3
Intrabudgetary transactions .................................. ..... ...... ...... 5 ...... 5 V I C I
Offsetting governmental receipts ............................ ...... 6 -6 ...... 71 -71 .... 73 -73

Total-Department of Transportation ................... 3,352 35 3,317 25,139 371 24J68 25,155 280 24,875






14






Table 5. Outlays of the U.S. Government May 1996 and Other Periods-Continued IS millions]

IN* Month Current Fiscal Year to Date Prior Fiscal Year to Date
Clasaftation Gross Applicable outlays Gross Applicable Outlays Gross Applicable Outlays

I Outlays Recelpts Outlays Receipts Outlays Receipts
Deparonent of the Treasury:
Departmental offices:
Exchange stabilization fund ......... -127 18 -146 -1,153 106 -1,258 -1,844 14 -1,858
Other ...... .... 1_ -1 ....... ......... I... ...... 24 ...... 24 215 ... 215 118 118

Financial Management Service:
Salaries and expenses ... ....... ........ ......... 7 ...... 7 ISO ..... 150 162 ... 162
Payment to the Resolution Funding Corporation ......... ...... ...... ...... 1,751 .... 1,751 1,751 .... 1,751
Claims, judgements, and relief acts ...................... 36 ...... 36 523 ... 523 480 480
Not interest paid to loan guarantee financing accounts 331 ...... 331 379 ...... 379 766 ... 766
Other ............ ........... ........ ..................... 2 2 586 ...... 586 63 .... 63
Total-Firowial Management Service ............... 376 ...... 376 3,390 ..... 3,390 3,223 3,223

Federal Financing Bank ... ..................... .......... -113 ...... -113 -219 ..... -219 -216 .... -216
Bureau of Alcohol. Tobacco and Firearms:
Salaries and expenses ... ...... ......................... 40 ...... 40 232 ...... 232 250 .... 250
Internal revenue collections for Puerto Rico .............. 16 ...... 16 141 ...... 141 136 .... 136
United States Customs Service ............................. 169 ...... 169 1,240 ... 1,240 1,195 ...... 1,195
Bureau of Engraving and Printing ........................... -4 ...... -4 21 ...... 21 V I ...... V I
United States Mint ...... ........................... .... 41 63 -22 345 824 -479 -110 ..... -110
Bureau of the Public Debt ............ .................... 21 ...... 21 186 ...... 186 191 ... 191

Internal Revenue Service:
Processing, assistance, and management ................ 175 ...... 175 1,012 ...... 1,012 1,196 ...... 1,196
Tax taw enforcement ...................................... 356 ...... 356 2,756 ... ... 2,756 2,729 ...... 2,729
Information systems .... ....... .......................... 107 ...... 107 978 ...... 978 1,016 ..... 1,016
Payment where earned income credit exceeds liability
for tax .......... ...................................... 1,689 ...... 1,689 18,281 ..... 18,281 14,252 ...... 14,252
Refunding internal revenue collections, interest .......... 198 ...... 198 1,481 ...... 1,481 2,030 ... 2,030
Other .. ........ ............................ I .......... I ... V I ...... C I V I ...... V 1 2 V 1 2
Total--Intemal Revenue Service ........................ 2,525 ...... 2,525 24,508 ... ... 24,508 21,225 V 1 21,225

United States Secret Service ................................ 42 ...... 42 353 ...... 353 348 ...... 348
Comptroller of the Currency ................................. 29 1 27 267 218 49 273 199 74
Office of Thrift Supervison ....... .......................... 13 1 12 113 101 12 108 81 27

Interest on the public debt:
Public issues (accrual basis) .............................. 20,244 ...... 20,244 161,257 ...... 161,257 154,225 ...... 154,225
Special issues (cash basis) ................................ 6,659 ...... 6,659 58,078 ...... 58,078 55,412 ... ... 55,412
Total-interest on the public debt ..................... 26,902 ...... 26,902 219,335 .... 219,335 209,637 ...... 209,637

O ther ......................................................... 11 ...... 11 65 .... 65 37 ... 37
Proprietary receipts from the public ......................... ...... 767 -767 ...... 3,154 -3,154 ...... 2.870 -2,870
Intrabudgetary transactions ....................... .......... -376 ...... -376 -5,370 ...... -5,370 -6,257 ...... -6,257
Offsetting governmental receipts ............................ ...... 149 -149 ...... 800 -800 711 -711

Total--Department of the Treasury ..................... 29,589 1,000 28,589 243,671 5,203 238,467 228,314 3,876 224,438





























15






Table 5. Outlays of the U.S. Govemmen% May 1996 and Other Periods-Continued [$ millions]

This Month Current Fiscal Year to Date Prior Fiscal Yew to Dub
Classification Gross Applicable Outlays Gross Applicable Outlays Gross JApplicatile 0~
Outlays Receipts Outlays Receipts Outlays Receipts

Department of Veterans Affairs:
Veterans Health Administration:
Medical care ............................................... 1,670 ...... 1,670 10,854 ...... 10,854 10,481 .. 10,481
Other ....................................................... 49 17 32 394 131 263 464 181 282

Veterans Benefits Administration:
Public enterprise funds:
Guaranty and indemnity fund ........................... 125 64 60 336 439 -102 628 w 280
Loan guaranty revolving fund ........................... 5 29 -24 277 228 48 313 270 43
Other ................. :"" .... *"*'* ... ------ 18 14 4 97 81 16 120 74 46
Compensation and pensions .............................. 3,047 ...... 3,047 12,335 ...... 12,335 10,464 ...... 10,464
Readjustment benefits ..................................... 146 ...... 146 921 ...... 921 871 ...... 871
Post-Vietnam era veterans education account ........... 6 ...... 6 33 ...... 33 ......
Insurance funds:
National service life ..................................... 106 ...... 106 819 ...... 819 832 ...... 832
United States government life .......................... 1 ...... 1 10 .... 1. 10 12 ...... 12
Veterans special life ..................................... 13 3 10 99 95 4 98 95 3
Other ....................................................... 14 ...... 14 27 ...... 27 23 ...... 23
Total-Veterans Benefits Administration ............... 3,482 ill 3,371 14,954 844 14.111 13,404 787 12,618

Construction .................................................. 57 ...... 57 453 (* 1 453 417 V 1 417
Departmental administration ................................. 198 ...... 198 760 ...... 760 754 ...... 754
Proprietary receipts from the public:
National service life ........................................ ...... 19 -19 ...... 157 -157 ...... 182 -182
United States government life ............................ ...... (* I (* I ...... (* I (* I ...... C *) C I
Other ....................................................... ...... 72 -72 ...... 470 -470 ...... 477 -477
Intrabudgetary transactions .................................. -1 ...... -1 -8 ...... -8 -17 ...... -17

Total-Department of Veterans Affairs ................. 5,454 218 5,236 27,409 1,602 25,806 25,503 1,628 23,876

Environmental Protection Agency:
Program.and research operations ........................... ...... 44 ...... 44 585 ...... 585
Environmental programs and management .................. 131 ...... 131 1,126 ...... 1,126 944 ...... 9"
State and tribal assistance grants .......................... 195 ...... 195 1,732 ...... 1,732 1,563 ...... 1,56.3
Hazardous substance superfund ............................ 114 ...... 114 892 ...... 892 941 ...... 941
Other ......................................................... 47 V 1 47 630 (* 1 630 557 (1 1 556
Proprietary receipts from the public ......................... ...... 15 -15 ...... 143 -143 ...... 194 -194
Intrabudgetary transactions .................................. ...... ...... ...... -250 ...... -250 -250 ...... -250
Offsetting governmental receipts ............................ ...... ...... 6 -6 ...... 6 -6
Total-Environmental Protection Agency ............... 486 16 471 4,174 ISO 4,024 4,340 200 4,140

General Services Administration:
Real property activities ...................................... -692 ...... -692 -87 ...... -87 63 ...... 63
Supply and technology activities ............................ 161 ...... 161 133 ...... 133 190 ...... 190
Information Technology Service ............................. 13 ...... 13 170 ...... 170 127 ...... 127
Other ......................................................... -1 ...... 1 131 ...... 131 103 ...... 103
Proprietary receipts from the public ......................... ...... V I I ...... is -15 ...... C V I
Total-General Services Administration ................ -520 -520 347 is 332 483 V 1 483

National Aeronautics and Space Administration:
Human space flight .......................................... 481 ...... 481 3,545 ...... 3,545 1,760 ...... 1,760
Science, aeronautics and technology ........................ 529 ...... 529 3,207 ...... 3,207 1,291 ...... 1,291
Mission support .............................................. 196 ...... 196 1,498 ...... 1,498 1,277 ...... 1,277
Research and development .................................. 24 ...... 24 377 ...... 377 2,807 ...... 2,807
Space flight, control and data communications ............. 27 ...... 27 201 ...... 201 1,297 ...... 1,297
Construction of facilities ..................................... 22 ...... 22 190 ...... 190 210 ...... 210
Research and program management ........................ I ...... V 1 4 ...... 4 94 ...... 94
O ther ......................................................... I ...... 1 11 ...... I 1 10 ...... 10
Total-National Aeronautics and Space
Administration ............................................ 1,281 1,281 9,032 ...... 9,032 8,7" ...... 8,744

Office of Personnel Management:
Government payment for annuitants, employees health
and life insurance benefits ................................. 342 ...... 342 2,425 ...... 2,425 2,658 ...... 2,658
Payment to civil service retirement and disability fund ..... ...... ...... ...... ... ... ...... ...... ...... ...... ......
Civil service retirement and disability fund .................. 3,376 ...... 3,375 26,287 ...... 26,287 25,443 ...... 25,443
Employees life insurance fund ............................... 136 393 -257 1,087 1,901 -814 1,070 1,789 -719
Employees and retired employees health benefits fund .... 1,382 1,464 -82 10,606 10,418 188 10,355 10,584 -229
O ther ......................................................... 1 ..... 1 23 ...... 23 52 ...... 52
Intrabudgetary transactions:
Civil service retirement and disability fund:
General fund contributions .............................. ...... ...... ...... ...... ...... ...... ...... ...
Other ..................................................... -2 ...... -2 -18 ...... -18 -22 ......
Total-Office of Personnel Management ............... 5,234 1,857 3,377 40,410 12,319 28,091 39,557 12,373 27,184

16






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Confinued [$ millions)

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

Small Business Administration:
Public enterprise funds:
Business loan fund ........... ....... .................... 32 36 -4 385 308 78 258 264 -6
Disaster loan fund ............... .... 27 24 3 278 220 58 355 161 194
Other ............................. 1 1 -1 10 9 1 14 10 4
Other .......... .............. .............. 41 ... 41 322 V 1 321 389 1 389
Total-Small Business Administration .................. 102 62 40 994 537 457 11016 436 580

Social Security Administration:
Payments to Social Security trust funds ...... ............ 17 ...... 17 4,393 ...... 4,393 3,852 ..... 3,852
Special benefits for disabled coal miners ............... ... 57 .... I 57 451 ... 451 484 .... I 484
Supplemental security income program ..................... 4,540 ...... 4,540 18,557 ...... 18,557 15,340 ... 15,340
Office of the Inspector General .... ... ................... 1 ...... 1 7 ...... 7 V I V I

Federal old-age and survivors insurance trust fund (offbudget):
Benefit payments .................. ........ ...... ....... 25,148 ...... 25,148 198,991 ...... 198,991 191,376 ..... 191,376
Administrative expenses ................ ................. 181 ...... 181 1,197 ... 1,197 1,157 ..... 1,157
Payment to railroad retirement account .................. ...... ...... ...... ...... ...... ...... ...... ......
Quinquennial military service credit adjustment ........... ... ... ...... ... 129 ...... 129 ..... ......
ToW-FOASI trust fund .... .............. ....... 25,329 ...... 25,329 200,317 ... 200,317 192,534 ...... 192,534

Federal disability insurance trust fund (off-budget):
Benefit payments .................. ................. 3,704 ...... 3,704 28,468 ...... 28,468 26,423 .... 26,423
Administrative expenses .. ................................ 126 ..... 126 712 ...... 712 718 ...... 718
Payment to railroad retirement account ........ ......... ..... ...... ...... ...... ...... ...... ...... ...... ......
Quinquennial military service credit adjustment ........... ...... ...... ...... 203 ...... 203 ...... ...... ......
Total-FDI trust fund ................................... 3,830 .... 3,830 29,383 ...... 29,383 27,141 ...... 27,141

Proprietary receipts from the public:
On-budget .... ..................... ............... .... 103 -103 ...... 599 -599 .... 412 -412
Off-budget ....... ........ ................................ ...... 4 -4 ... 17 -17 ...... 8 -8
Intrabudgetary transactions:
On-budget:
Quinquennial Adjustment for Military Service
Credits from FOASI and FDI: ........................ ...... ...... ...... -332 ... -332 ...... ...... ......
Off-budget' ............... ....... ......................... -17 ...... -17 -4,393 ...... -4,393 -3,853 ...... -3,853
Total-Social Security Administration ................... 33,757 107 33,650 248,383 617 247,766 235,496 420 235,077

Other independent agencies:
Appalachian Regional Commission .......................... 23 ...... 23 92 1 92 107 ...... 107
Corporation for National and Community Service .......... 45 1 ..... 45 309 .... 309 271 271
Corporation for Public Broadcasting ........................ ...... ...... ...... 275 ...... 275 286 ...... 286
District of Columbia:
Federal payment ....... ................................ V I ...... V 712 ...... 712 714 ...... 714
Other ...... ....................... ..................... -2 ...... -2 2 12 -11 5 12 -7
Equal Employment Opportunity Commission ................ 29 V 1 28 159 V 1 159 158 V *) 157
Export-Import Bank of the United States ................... 203 100 103 676 1,113 -437 838 675 163
Federal Communications Commission ....................... 19 3 16 115 19 96 107 34 73

Federal Deposit Insurance Corporation:
Bank insurance fund .... .................... ....... 95 98 -3 799 1,654 -855 1,609 6,850 -5,242
Savings association insurance fund ...................... 2 23 -21 42 610 -569 34 578 -544
FSLIC resolution fund:
Resolution trust corporation closeout ................. 86 441 -355 791 6,608 -5,817 3,812 11,369 -7,557
Other ....... ............ ............................... 16 122 -106 819 618 201 1,610 667 943
Affordable housing and bank enterprise .................. V *) ...... C 1 1 1 3 ...... 3
Total-Federal Deposit Insurance Corporation .............. 199 684 -485 2,452 9,490 -7,038 7,068 19,464 -12,396

Federal Emergency Management Agency:
Public enterprise funds .. .................... ............ 38 32 6 633 199 434 300 233 66
Disaster relief ............. ......................... ..... 220 ...... 220 1,415 ...... 1,415 1,626 .... 1,626
Emergency management planning and assistance ....... 28 .... I 28 164 ... ... 164 185 185
Other .. ... ....... ............ ......................... 41 2 39 181 11 169 203 14 189
Federal Trade Commission .................................. 10 ...... 10 66 ...... 66 55 ...... 55
Legal Services Corporation ............ ..................... 42 ...... 42 183 ...... 183 295 ...... 295
National Archives and Records Administration .............. 21 V 21 133 C 1 133 155 C 1 155
National Credit Union Administration:
Credit union share insurance fund ........................ -8 2 -10 89 194 -105 11 238 -227
Central liquidity facility .. .................................. ...... ..... I ...... ...... ...... .... I 5 5 V I
Other ....... ....... ...................................... 3 V 1 2 -35 3 -39 -11 3 -14



17






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued IS millions]

This Month Curren Fiscal Year to Date Prior Fiscal Year to Date
Classification Applicable Gross Applicabile Outlays Gross JApplicablel Outlays

14 1 Receipts outlays Outlays Recelpts Outlays Receipts
Other independent agencies:-Confinued
National Endowment for the Arts ........................... 12 ...... 12 98 ...... 98 118 ...... 118
National Endowment for the Humanities .................... 13 ...... 13 95 ...... 95 108 ...... 108
National Labor Relations Board ............................. 17 ...... 17 'I'll ...... 'I'll 115 ...... 115
National Science Foundation ................................. 210 ...... 210 1,789 ...... 1,789 1,709 ...... 1,709
Nuclear Regulatory Commission ............................. 46 48 -2 336 341 -5 356 381 -25
Panama Canal Commission .................................. 57 56 1 405 441 -36 368 415 -47
Postal Service:
Public enterprise funds (off-budget) ....................... 5,251 24,814 438 35,785 38,564 -2,779 32,519 36,677 -4,158
Payment to the Postal Service fund ...................... ...... ...... ...... 101 ...... 101 107 ...... 107

Railroad Retirement Board:
Federal windfall subsidy ................................... 19 ...... 19 158 ...... 158 170 ...... 170
Federal payments to the railroad retirement accounts ... V ...... V 1 165 ...... 165 172 ...... 172
Rail industry pension fund:
Benefit payments ........................................ 240 ...... 240 1,890 ...... 1,890 1,876 ...... 1.876
Advances from FOASDI fund ........................... -93 ...... -93 -741 ...... -741 -732 ...... -732
OASDI certifications ..................................... 93 ...... 93 741 ...... 741 732 ...... 732
Administrative expenses ................................. 9 ...... 9 49 ...... 49 47 ...... 47
Interest on refunds of taxes ............................ V I ...... V 1 11 ...... 11 16 ...... 16
O ther ..................................................... 1 ...... 1 4 ...... 4 4 ...... 4
Intrabudgetary transactions:
Payments from other funds to the railroad
retirem ent trust funds ............................... ...... ...... ...... ...... ...... ...... ...... ...... ......
Other .................................................. ...... ...... ...... 165 ...... 165 -172 ...... 172
Supplemental annuity pension fund:
Benefit payments ........................................ 7 ...... 7 58 ...... 58 61 ...... 61
Interest on refund of taxes ............................. V ...... V 1 22 ...... 22 1 ...... 1
Railroad Social Security equivalent benefit account: 0
Benefit payments ........................................ 411 ...... 411 3,298 ...... 3,298 3.262 ...... 3,262
Interest on refund of taxes ............................. V ...... V 8 ...... 8 V .....
O ther ....................................................... V ...... V 1 ...... 1 .....
Total-Railroad Retirement Board ...................... 688 ...... 688 5,500 ...... 5,500 5,439 ...... 5,439

Oversight Board .............................................. V *) ...... V 1 558 ...... 558 -3 ...... -3
Securities and Exchange Commission ...................... 3 ...... 3 9 ...... 9 85 ...... 85
Smithsonian Institution ....................................... 36 ...... 36 279 ...... 279 282 ...... 282
Tennessee Valley Authority .................................. 820 718 102 6,118 5,694 424 6,340 5.262 1,078
United States Enrichment Corporation Fund ................ 134 131 3 876 1,005 -129 757 1,165
United States Information Agency ........................... 100 ...... 100 779 C 1 779 746 C *) 746
Other ......................................................... 95 1 94 836 252 584 1,114 264 850

Total-Other independent agencies .................... 8,393 6,593 1,801 61,297 57,339 3,957 62,535 OW 1 -4306

Undistributed offsetting receipts:
Other interest ................................................ ...... V V ...... V I V ...... V I C I

Employer share, employee retirement:
Legislative Branch:
United States Tax Court:
Tax court judges survivors annuity fund ............ ...... ...... ...... V ...... C I V I ..... C
The Judiciary:
Judicial survivors annuity fund .......................... .... ...... ...... ...... ...... ...... ...... ...... ......
Department of Defense-Civil:
Military retirement fund ................................. -939 ...... -939 -7,411 ...... -7,411 -8,157 ...... ---8.157
Department of Health and Human Services:
Federal hospital insurance trust fund:
Federal employer contributions ....................... -144 ...... -144 -1,198 ...... -1 198 -1,214 ...... -1,214
Postal Service employer contributions ............... -43 ...... -43 -327 1 ..... -327 -372 ...... -372
Payments for military service credits ................ ...... ...... ...... ...... ...... ...... ...... ...... ......
Department of State:
Foreign Service retirement and disability fund ......... -8 ...... -8 -71 ...... -71 -72 ...... -72
Office of Personnel Management:
Civil service retirement and disability fund ............. -935 ...... -935 -6,760 ...... -6,760 -6,446 ...... -6,445
Social Security administration (off-budget):
Federal old-age and survivors Insurance trust fund:
Federal employer contributions ....................... ...... -436 -3,314 ...... -3,314 -3,416 ...... -3.416
Payments for military service credits ................ ...... ..... ...... ...... ...... ...... 17 ...... 17
Federal disability Insurance trust fund:
Federal employer contributions ....................... -78 ..... -78 -592 ...... -592 -610 ...... -610
Payments for military service credits ............... ...... ...... ...... ...... ...... ...... -17 ...... -17
Independent agencies:
Court of veterans appeals retirement fund ............ ...... ..... ...... ......
Total-Employer share, employee retirement .......... -2,583 ...... -2,583 -19,675 ...... -19,675 -20,285 ...... -20,285

18






Table 5. Outlays of the U.S. Government, May 1996 and Other Periods-Continued [$ millions)

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

Undistributed offsetting receipts:-Contnued
Interest received by trust funds:
The Judiciary:
Judicial survivors annuity fund ,,,.,-5 -5 -15 -15 -14 ..-14
Department of Defense-Civil:
Corps of Engineers ..-2 -2 -15 .. -15 -13 -13
Military retirement fund -5,204 ... -5,204 -11,030 -11,030 -10,789 -10,789
Education benefits fund...............-11 -11 -30 -30 -35 ...-35
Soldiers' and airmen's home permanent fund C I C 1 -4 ..-4 -6 -6
Other ....... ............ ........ ....... ...... ..................-1 -1 -1 -1
Department of Health and Human Services:
Federal hospital insurance trust fund.............. -37.. -37 -5,290 ... -5,290 -5,407 ... -5,407
Federal supplementary medical insurance trust fund -80 ... -80 -730 -730 -984 -984
Department of Labor:
Unemployment trust fund ...... .............-7 -7 -1,735 ... -1,735 -1,443 .. -1,443
Department of State:
Foreign Service retirement and disability fund ..... -6 -6 -319 .. -319 -301 -301
Department of Transportation.
Highway trust fund...... ............... ........ ... -15 ... -15 -624 ... -624 -625 -.. -625
Airport and airway trust fund....... ......... ........ -6 -6 -423 .. -423 -410 -.. -410
Oil spill liability trust fund ........................-3 ...-3 -7 .... -7 -6 ....-6
Department of Veterans Affairs:
National service life insurance fund...............-2 .... -2 -531 .... -531 -540 .... -540
United States government life Insurance Fund ( .... V I)... -4 ...1 -4 -4 ....-4
Environmental Protection Agency .... .................. ( C I C) -2 ... -2 -1
National Aeronautics and Space Administration ...... ( .... C 1 -1 -1Office of Personnel Management:
Civil service retirement and disability fund.............. -258 ... -258 -14.860 ... -14,860 -14,036 ... -14,036
Social Security administration (off-budget):
Federal old-age and survivors insurance trust fund -171 ... -171 -17,108 ....-17,108 -15,423 .. -15,423
Federal disability insurance trust fund................... -36 ... -36 -1,210 ... -1,210 -869 .. -669
Independent agencies:
Railroad Retirement Board ..... ................. ... -91 .. -91 -765 ... -765 -553.. -553
Other ................. ........................... -5 ... -5 -23 ... -23 -15 -15
Other .. .................... ................... ... -13 ... -13 -68 ... -68 -176 ... -176
Total-interest received by trust funds............-5,951 -5,951 -54,793 ....-54,793 -51,654 .... -51,654

Rents and royalties on the outer continental shelf lands .... 408 -408 .... 2,214 -2,214 ..- 1,451 -1,451
Sale of major assets .................. ................ .... ...... ...... ...... ...... ...... .... .................
Spectrum auction proceeds ........................ ......... ..... ... ... ... ...... ...... 205 -205 610 -610

Total-Undistributed offsetting receipts ................ -8,535 408 -8,943 -74,467 2,419 -76,886 -71,939 2,061 -74,001

Total outlays .......................................... 160,325 16,983 143,342 1,181,685 133,978 1,047,707 1,143,294 136,631 1,006,663

Total on-budget ..................................... 126,651 12,165 114,485 942,816 95,396 847,420 915,272 99,946 815,326

Total off-budget...................................... 33,674 4,818 28,856 238,869 38,582 200,287 228,022 36,685 191,337

Total surplus (+) or deficit .................-53,298 -109,123 -136,483

Total on-budget............................................... -54,380 -152,162 -179,390

Total off-budget.............................................. +1,082 +43,040 +42,907

MEMORANDUM
Receipts offset against outlays [$ millions]
Current
Fiscal Year Comparable Period
to Date Prior Fiscal Year
Proprietary receipts ........................................... 33,404 31,860
Intrabudgetary transactions................... .................... 144,972 127,174
Governmental receipts.............................................. 2,072 2,374
Total receipts offset against outlays...... ............... ..... 180,449 161,408

'includes FICA and SEGA tax credits, non-contributory military service credits, special benefits (* *) Less than $500,000
for the aged, and credit for unnegotiated OASI benefit checks. Note: Details may not add to totals due to rounding
tThe Postal Service accounting is composed of thirteen 28-day periods. To conform with the MTS calendar-month reporting basis used by all other Federal agencies, the MTS reflects USPS results through May 24th and estimates for $364 million through May 31st,











19






Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government May 1996 and Other Periods [$ millions]
Net Transactions Account Balances
Assets and Liabilities I(-) denotes not reduction of either Current Fiscal Year
Directly Related to liability or asset accounts
Budget Off-budget Activity This Month Fiscal Year to Date Beginning of Clow of

This month
This Year I Prior Year This Year I This Month
Liability accounts:
Borrowing from the public:
Public debt securities, issued under general Financing authorities:
Obligations of the United States, issued by:
United States Treasury ............................................. 26,460 154,525 211,176 4,958,983 5,087,049 5,113.509
Federal Financing Bank ............................................. ...... .... 1. ...... 15,000 15,000 15,000
Total, public debt securities ...................................... 26,460 154,525 211,176 4,973,983 5,102,049 5.128,5W
Plus premium on public debt securities ....................... -12 -65 -63 1,236 1,182 1.171
Less discount on public debt securities ....................... -241 -1,894 1,937 81,231 79,578 79,337
Total public debt securities net of Premium and
discount ..................................................... 26,689 156,355 209,176 4,893,989 5,023,655 5,050,343
Agency securities, issued under special financing authorities (see
Schedule B. for other Agency borrowing, see Schedule C) .......... -365 8,336 -1,522 26,962 35,663 35,298
Total federal securities ................................................ 26,324 164,691 207,654 4,920,950 5,059,317 5,085,641
Deduct:
Federal securities held as investments of government accounts
(see Schedule D) ................................................ 6,093 67,425 65,514 1,320,800 1.382,132 1,388,225
Less discount on federal securities held as investments of
government accounts ......................................... 403 1,700 578 3,188 4,485 4,M
Net federal securities held as investments of government
accounts ..................................................... 5,691 65,725 64,937 1,317,612 1,377,647 1.383,337
Total borrowing from the public .......................... 20,633 98,966 142,717 3,603,338 3,681,670 3.702,304
Accrued interest payable to the public .................................... -14,686 -14,174 -7,780 50,611 51,123 36,437
Allocations of special drawing rights ...................................... -39 -314 532 7,380 7,105 7,066
Deposit funds .............................................................. 552 -175 1,919 8,186 7,458 8,010
Miscellaneous liability accounts (includes checks Outstanding etc.) ...... 2,960 5,083 7,385 4,790 6.914 9,873
Total liability accounts .................................................... 9,421 89,385 144,772 3,674,305 3,7S4,270 3,763,690
Asset accounts (deduct)
Cash and monetary assets:
U.S. Treasury operating cash:'
Federal Reserve account .............................................. -7,285 -4,863 -2,202 8,620 11,042 3,757
Tax and loan note accounts .......................................... -36,524 -28,572 -7,512 29,329 37,281 757
Balance .............................................................. -43,809 -33,435 -9,714 37,949 48,323 4,514
Special drawing rights:
Total holdings .......................................................... 74 2 1,952 11,035 10,963 11,037
SDR certificates issued to Federal Reserve banks ................... ...... ...... ...... -10,168 -10,168 -10,168
Balance .............................................................. 74 2 1,952 867 795 869
Reserve position on the U.S. quota in the IMF:
U.S. subscription to International Monetary Fund:
Direct quota payments ............................................ ...... ...... ...... 31,762 31,762 31,762
Maintenance of value adjustments ................................. -209 -1,701 2,879 8,196 6,703 6,495
Letter of credit issued to IMF ........................................ 2,264 3,261 1,230 -26,315 -25,319 -23,054
Dollar deposits with the IMF .......................................... 10 8 44 -105 -107 -97
Receivable/Payable (-) for interim maintenance of value
adjustments ........................................................... -1,951 -1,019 -1,944 1,145 2,077 126
Balance .............................................................. 114 548 2,208 14,682 15,117 15,231
Loans to International Monetary Fund .................................. ...... ...... ...... V I V I V I
Other cash and monetary assets ....................................... -856 4,718 10,753 30,525 36,099 35,243
Total cash and monetary assets ..................................... -44,478 -28,167 5,200 84,023 100,334 55,856
Net activity, guaranteed loan financing .................................... 131 178 -1,360 -12,714 -12,667 -12,536
Net activity, direct loan financing .......................................... 1,069 8,818 4,443 19,732 27,481 28,550
Miscellaneous asset accounts ...... .................................. -599 -567 452 -1,748 -1,716 -2,315
Total asset accounts ..................................................... -43,877 -19,736 8,735 89,293 113,432 69,555
Excess of liabilities (+) or assets (-) .................................... +53,298 +109,123 +136,038 +3,585,012 +3,640,837 +3,694,135
Transactions not applied to current year's surplus or deficit (see
Schedule a for Details) ...................................................... ...... ...... 446 ...... ...... ......
Total budget and off-budget federal entities (financing of deficit (+)
or disposition of surplus (-)) ............................................ +53,298 +109,123 +136,483 +3,585,012 +3,640,837 +3,694,135

'Major sources of information used to determine Treasury's operating cash Income include ... No Transactions.
Federal Reserve Banks, the Treasury Regional Finance Centers, the Internal Revenue Service I* *) Less than $500,000 Centers, the Bureau of the Public Debt and various electronic systems. Deposits are reflected as Note: Details may not add to totals due to rounding received and withdrawals are reflected as processed.



20






Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, May 1996 and
Other Periods
[$ millions)
Fiscal Year to Date
Classification This Month
T Prior Year

Excess of liabilities beginning of period:
Based on composition of unified budget in preceding period .... 3,640,837 3.584,970 3,422,146
Adjustments during current fiscal year for changes in composition
of unified budget:
Revisions by federal agencies to the prior budget results ...... ... 43 -268
Excess of liabilities beginning of period (current basis) ................ 3,640,837 3,585,012 3,421,878

Budget surplus (-) or deficit:
Based on composition of unified budget in prior fiscal yr ........... 53,298 109,123 136,483
Changes in composition of unified budget ............................ ...... ......
Total surplus (-) or deficit (Table 2) ..................... .............. 53,298 109,123 136,483

Total-on-budget (Table 2) ..................................... 54,380 152,162 179,390
Total-off-budget (Table 2) ................. ...................... -1,082 -43,040 -42,907
Transactions not applied to current year's surplus or deficit:
Seigniorage ............... ....................................... ..... .... ...... 446
Profit on sale of gold .................................... ............. ... ...... V I
Total-transactions not applied to current year's Surplus or
deficit ........................................... ..... ... 446

Excess of liabilities close of period ................................... 3,694,135 3,694,135 3,557,916




Table. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, May 1996 and
Other Periods
[$ millions)

Net Transactions Account Balances
denotes not reduction of Current Fiscal Year
liability accounts
Classification

This Month Fiscal Year to Date Beginning of Close of
This month
This Year I 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 ............................. V I C I V I
Federal Deposit Insurance Corporation:
FSLIC resolution fund 12 -32 -32 158 114 126
Obligations guaranteed by the United States, issued by: Department of Defense:
Fam ily housing mortgages ............................................. ...... .... ...... 6 6 6
Department of Housing and Urban Development:
Federal Housing Administration ........................................ 1 -31 -34 87 56 56
Department of the Interior:
Bureau of Land Management ...... ................. ....... .... ...... ...... 13 13 13
Department of Transportation:
Coast Guard:
Family housing mortgages ................... ............ .......... ...... ..... ...... C C I V I
Obligations not guaranteed by the United States, issued by: Legislative Branch:
Architect of the Capitol ................................................ 1 2 2 182 183 184
Department of Defense:
Homeowners assistance mortgages ................................... ...... V I ...... ...... V 1) V I
Independent agencies:
Farm Credit System Financial Assistance Corporation ................ ...... ...... .... 1,261 1,261 1,261
National Archives and Records Administration ........................ ...... -2 -2 295 293 293
Postal Service .................................................. ....... -258 4,406 ...... 4,665 4,406
Tennessee Valley Authority ............................................ -120 3,992 -1,457 24,960 29,072 28,952
Total, agency securities ........................................... -365 8,336 -1,522 26,962 3S,663 3S,298

... No Transactions.
(* ') Less than $500,000.
Note: Details may not add to totals due to rounding.










21






Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
May 1996 and Other Periods
[$ millions]

Transactions Account sailances
Current Fiscal Yew
Classification

This Month Fiscal Year to Date Beonrift of ch" Of
This Year I Prior Year This Year I Ti"is This inond

BorrovAng ftom the Treasury:
Funds Appropriated to the President:
International Security Assistance:
Foreign military loan program ......................................... ...... 343 337 788 1,131 1,131
Agency for International Development:
International Debt Reduction .......................................... ...... ...... ...... 335 336 335
Housing and other credit guaranty programs ........................ ...... ...... ...... 125 125 125
Private sector revolving fund ......................................... ...... ...... ...... 1 1 1
Overseas Private Investment Corporation ............................... ...... 21 22 52 73 73
Department of Agriculture:
Farm Service Agency:
Commodity Credit Corporation ........................................ ...... -6,836 -7,570 6,987 151 151
Agricultural credit insurance fund .: *' * * * ' 77 681 -1,748 1,605 2.209 2.286
Natural Resources Conservation Service ............................... ...... ...... ...... 4 4 4
Rural Utilities Service:
Rural electrification and telephone revolving fund .................... V 683 688 8,666 9,349 9.349
Rural Telephone Bank ................................................ -38 -58 84 664 644 606
Rural development insurance fund .................................... ...... 220 715 2,806 3,026 3,026
Rural communication development fund .............................. ...... ...... ...... 25 25 25
Rural housing and Community Development Service:
Rural housing insurance fund ......................................... ...... 951 1,192 5,353 6,304 6,304
Self-help housing land development fund ............................ ...... ...... 1 V I C I C I
Rural Business and Cooperative Development Service:
Rural development loan fund ......................................... ...... 17 40 61 78 78
Rural economic development loan fund .............................. ...... ...... 8 30 30 30
Foreign Agricultural Service .............................................. ...... ...... 97 563 563 563
Department of Education:
Federal direct student loan program .................................... ...... 7,607 4,868 5,067 12,674 12,674
Federal family education loan program ................................. ...... ...... ...... 1,134 1,134 1,134
College housing and academic facilities fund ........................... ...... ...... 18 184 184 184
College housing loans ................................................... ...... V I ...... 360 359 359
Department of Energy:
Isotope production and distribution fund ............................... ...... ...... -14 ......
Bonneville power administration fund ................................... -50 -165 35 2,563
Department of Housing and Urban Development:
Housing programs:
Federal Housing Administration ....................................... ...... -68 -21 1,647 11579 1,579
Housing for the elderly and handicapped ............................. ...... -805 -770 7,714 6,909 6.W9
Public and Indian housing:
Low-rent public housing ............................................... ...... ...... -135 20 20 20
Department of the Interior:
Bureau of Reclamation Loans ........................................... ...... 9 2 17 26 26
Bureau of Mines, Helium Fund ......................................... ...... ...... ...... 252 252 252
Bureau of Indian Affairs:
Revolving funds for loans ............................................. ...... ...... 8 28 28 28
Department of Justice:
Federal prison industries, incorporated .................................. .... ...... ...... 20 20 20
Department of Transportation:
Federal Highway Administration:
High priority quarters loan fund .............................. ....... ...... ...... 21 32 32 32
Federal Railroad Administration:
Railroad rehabilitation and improvement
financing funds ....................................................... ...... ...... V 1) C I C I C I
Amtrak corridor improvement loans .................................. ...... ...... V 1 3 3 3
O ther ................................................................... ...... ...... ...... V I C I C I
Federal Aviation Administration:
Aircraft purchase loan guarantee program ........................... ..... ...... V I V I (I I C I
Minority business resource center fund ................................. ...... 7 14 is 22 22
Department of the Treasury:
Federal Financing Bank revolving fund ................................ -1,148 -19,367 -16,618 69,297 51.079 49,931
Department of Veterans Affairs:
Guaranty and indemnity fund ....... ........................... ..... 1,161 586 302 1,463 1,463
Loan guaranty revolving fund ........................................... ... 1.. 722 903 1,272 1,994 1,994
Direct loan revolving fund ............................................... ...... V I V I I I I
Native american veteran housing fund .................................. ...... 18 12 7 25 25
Vocational rehabilitation revolving fund ........ ........................ 1 V I C 1 2 2 2






22






Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
May 1996 and Other Periods-Continued
I$ millions]

Transactions Account Balancelli
Current Fiscal Year
Classification
Fiscal Year to Date Beginning of Close of
This Month I This month
This Year Prior Year This Year This Month

Borrowing from the Treasury:-Continuod
Environmental Protection Agency:
Abatement, control, and compliance loan program ..... ......... ...... 10 11 37 47 47
Small Business Administration:
Business loan and revolving fund ................................ 51 38 ...... 342 329 380
Disaster loan fund ...... ............ ....................... 852 852 ..... 7,999 7,999 8,851
Independent agencies:
District of Columbia ..... ............................... ...... 232 ... i6 147 379 379
Export-Import Bank of the United States .............................. 71 2,665 2,736 2,736
Federal Emergency Management Agency:
National insurance development fund ......... ....................... 5 424 .... 268 687 692
Disaster assistance loan fund .... ............ .......... ......... 10 -28 169 222 185 195
Pennsylvania Avenue Development Corporation:
Land acquisition and development fund ........ .............. ...... ...... ...... 85 85 85
Railroad Retirement Board:
Rail industry pension fund .................. .............. .......... ...... ...... ...... 2,128 2,128 2,128
Social Security equivalent benefit account ........................... 258 2,075 1,783 2,828 4,644 4,902
Smithsonian Institution:
John F. Kennedy Center parking facilities ..... ..................... ...... ...... ...... 20 20 20
Tennessee Valley Authority .............................................. ...... ..... ...... 150 ISO 150
Total agency borrowing from the Treasury
financed through public debt securities issued .................. 17 -11,184 -15,230 134,892 123,691 123,708

Borrowing from the Federal Financing Bank:
Funds Appropriated to the President:
Foreign military financing program ................ ................. ... -16 -157 -173 3,493 3,351 3,336
Department of Agriculture:
Farm Service Agency:
Agriculture credit insurance fund ..................................... -580 -875 -2,610 1,470 1,175 595
Rural Utilities Service:
Rural electrification and telephone revolving fund .................... 4 -331 -4 21,875 21,539 21,543
Rural development insurance fund .................................... ...... ... ...... 3,675 3,675 3,675
Rural housing and Community Development Service:
Rural housing insurance fund .................... ............ .... -685 -760 21,700 21,015 21,015
Department of Defense:
Department of ft Navy ........ ............ ........................... ...... ...... ...... 1,624 1,624 1,624
Defense agencies ......... .............................................. ...... -49 -47 -192 -242 -242
Department of Health and Human Services:
Medical facilities guarantee and loan fund .............................. .... ...... -23 33 33 33
Department of Housing and Urban Development:
Low rent housing loans and other expenses .......................... ...... -62 -58 1,689 1,627 1,627
Community Development Grants .... ...... ............................ V 1 -8 -14 89 81 81
Department of Interior:
Territorial and international affairs ........................................ -1 -1 21 20 20
Department of Transportation:
Federal Railroad Administration ......................................... V 1 -1 -4 14 13 13
Federal Transit Administration ........................................... ...... ...... -665 ...... ......
General Services Administration:
Federal buildings fund ......................................... ......... -6 -16 113 1,893 1,884 1,878
Small Business Administration:
Business loan fund .......... ................ ....................... -3 -30 -116 361 334 331
Independent agencies:
Export-Import Bank of the United States .............................. -498 -777 2,506 2,008 2,008
FSLIC resolution fund:
Resolution trust corporation closeout ................................. -259 -6,262 -10,001 13,209 7,205 6,947
Pennsylvania Avenue Development Corporation ........................ 18 74 79 374 429 447
Postal Service ........... ................................................ -300 -7,265 -1,358 7,265 300
Tennessee Valley Authority ..... ..................................... ...... -3,200 -200 3,200 .....
Total borrowing from the Federal Financing Bank ................ -1,141 -19,367 -16,619 84,298 66,073 64,932

Note: This table includes lending by the Federal Financing Bank accomplished by the purchase ... No Transactions.
of agency financial assets, by the acquisition of agency debt securities, and by direct loans on (* *) Less than $500,000 behalf of an agency, The Federal Financing Bank borrows from Treasury and issues its own Note: Details may not add to totaJs due to rounding securities and in turn may loan these funds to agencies in lieu of agencies borrowing directly through Treasury or issuing their own securities.












23






Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 1996 and
Other Periods
1$ millions]

Not Purchases or Sales Securities Hold as Investments
Current Fiscal Year
Classification This Month Fiscal Year to Date Beginning of Close Of
I This month
This Year Prior Year This Year This Month

Federal funds:
Department of Agriculture ................................................. 3 5 1 ...... 1 5
Department of Commerce ................................................. -6 -5 3 20 21 15
Department of Defense-Military:
Defense cooperation account ........................................... ...... V 1 -4 1 1 1
Department of Energy ..................................................... 100 724 474 4,951 5,575 5,675
Department of Housing and Urban Development:
Housing programs:
Federal housing administration fund .................................. 334 1,158 6,678 7,502 7,836
Government National Mortgage Association:
Management and liquidating functions fund:
Agency securities ................................................... ...... -15 ...... 15 ...... ......
Guarantees of mortgage-backed securities:
Public debt securities ............................................... 41 370 323 4,210 4,539 4,580
Agency securities ................................................... ...... 1 ...... 1 ...... ......
Other ..................................................................... -51 -72 -9 209 188 137
Department of the Interior ................................................. -14 193 687 3,431 3,637 3,623
Department of Labor ....................................................... -19 106 236 5,796 5,921 5,902
Department of Transportation ............................................. 6 45 481 412 418
Department of the Treasury ............................................... is 1,844 -6,417 2,559 4,386 4,403
Department of Veterans Affairs:
Canteen service revolving fund ......................................... 2 4 6 38 40 42
Veterans reopened insurance fund ...................................... -6 -10 -7 526 521 516
Servicemen's group life insurance fund ................................. ...... V 1 -38 4 4 4
Independent agencies:
Export-Import Bank of the United States .............................. 84 403 176 135 454 538
Federal Deposit Insurance Corporation:
Bank insurance fund .................................................. 42 936 5,233 21,017 21,912 21,9W
Savings association insurance fund ................................... 27 581 550 3,600 4.153 4,181
FSLIC resolution fund ................................................. 118 -910 528 342 460
Federal Emergency Management Agency:
National flood insurance fund ......................................... ...... ...... -152 ...... ...... ......
National Credit Union Administration .................................... 8 134 244 3,325 3,452 3,460
Postal Service ............................................................ -1,056 290 3,116 1,249 2,596 1,539
Tennessee Valley Authority .............................................. -214 154 -2,712 1,242 1,609 1,395
Other ........................................ I ............................. -3 183 197 1,422 1,608 1.605
Other ....................................................................... 86 348 239 2,978 3,240 3,326
Total public debt securities ........................................... -499 7,216 611 64,399 72,113 71,613
Total agency securities ................................................ ...... -16 ...... 16 ...... ......

Total Federal funds ............................................. -499 7,1" 611 64,415 72,113 71,613

Trust funds:
Legislative Branch:
Library of Congress ..................................................... 2 17 9 13 27 29
United States Tax Court ................................................ V I V I V 1 5 5 6
Other ..................................................................... 1 1 4 31 32 31
The Judiciary:
Judicial retirement funds ................................................. 5 46 39 287 328 333
Department of Agriculture ................................................. V 1 68 is 310 379 379
Department of Commerce ................................................. V I V I V I C I V I ......
Department of Defense-Military:
Voluntary separation incentive fund ..................................... 5 205 9 685 886 891
Other ..................................................................... 1 19 88 68 69
Department of Defense-Civil:
Military retirement fund .................................................. 3,995 9.244 12,515 112,963 118,212 122,207
Other .................. ..................... ............................ 58 170 90 1,495 1,606 1,665















24






Table 6. Schedule D-Investments of Federal Government Accounts In Federal Securities, May 1996 and
Other Periods-Continued
1111 millions)

Not Purchases or Sales Securities Hold as Investments
Cuffent Fiscal Year
Classification This Month Fiscal Year to Date Beginning of Close of

This month
This Year Prior Year This Month

Trust Funds-Continued
Department of Health and Human Services:
Federal hospital insurance trust fund ...................... ...... -6,019 -5,526 2,507 129,864 130,357 124,339
Federal supplementary medical insurance trust fund ................... -680 9,064 -1,041 13,513 23,258 22,577
Other ............ ..... ........ ...................................... 10 72 105 992 1,055 1,065
Department of ft Interior ..... ..... .... ...... ....................... -40 41 70 315 396 356
Department of Justice .... ...... ..................... ................ .... 77 56 .... 77 77
Department of Labor:
Unemployment trust fund ............................. ............ 9,075 6,226 7,331 47,141 44,292 53,367
Other ....... ......... ............. __ ....... ..................... -15 -18 -17 77 73 58
Department of State:
Foreign Service retirement and disability fund ........................ -256 -15 274 7,801 8,042 7,786
Other ... ................. .... __ .................................... 2 -27 -16 29 V 1 2
Department of Transportation:
Highway trust fund ............................. ....................... -214 1,466 1,463 18,531 20,211 19,997
Airport and airway trust fund .. .. ............ ........................ -157 -1,930 -852 11,145 9,373 9,216
Other .......... ................... .............................. 9 35 224 1,880 1,906 1,915
Department of the Treasury ............................................... -29 -49 -71 235 215 186
Department of Veterans Affairs:
General post fund, national homes .............. ...................... ...... 1 -1 36 37 37
National service life insurance .......................................... -82 -129 -104 11,954 11,906 11,825
United States government life Insurance Fund ......................... -1 -6 -7 106 101 100
Veterans special life insurance fund .................................... -8 -3 -3 1,546 1,551 1,543
Environmental Protection Agency .......................................... 24 169 633 7,243 7,388 7,412
National Aeronautics and Space Administration .......................... V I V I V 1 16 16 16
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities ......... ........................................ -935 -9,280 -2,061 366,126 357,781 356,846
Agency securities ...... ........... ................................... -258 7,606 ...... ..... 7,865 7,606
Employees life insurance fund .......................................... 285 844 713 15,839 16,398 16,683
Employees and retired employees health benefits fund ................ -121 -344 237 7,890 7,667 7,546
Social Security Administration:
Federal old-age and survivors insurance trust fund .................... 714 30,650 17.722 447,947 477,883 478,596
Federal disability insurance trust fund .................................. 845 9,605 24.256 35,225 43,985 ",830
Independent agencies:
Harry S. Truman memorial scholarship trust fund ............. ....... V 1 1 1 54 54 55
Japan-United States Friendship Commission ........................... V I V I V 1) 16 16 16
Railroad Retirement Board ........................... .......... ... 376 1,965 735 14,440 16,030 16,405
Other ...... ................... ............ ........................ 1 1 131 5" 544 545
Total public debt securities ............ ........ ............ ........ 6,851 52,621 64,903 1,256,385 1,302,155 1,309,006
Total agency securities ............................................. -258 7,606 .... I ...... 7,865 7,606
Total trust funds ................................................. 6,592 60,227 64,903 1,256,385 1,310,020 1,316,612

Grand total .................................................................. 61M 67,425 65,514 1,320,600 1,382,132 1,388,225

No Transactions Note: Investments are In public debt securities unless othermse noted.
Less than $500,000. Note: Details may not add to totals due to rounding.




























25






Table 7. Receipts and Outlays of the U.S. Government b Month, Fiscal Year 1996 [I millions)

Fiscal ;cmYew parable
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. SePL TO Period
Date Prior
F.Y.

Receipts:
Individual income taxes ................. 51,840 39,524 53,179 86,192 40,327 22,523 107,513 29,914 431,011 380,&50
Corporation income taxes ............... 2,180 1,694 38,021 5,158 1,692 15,460 24,937 2,570 91,713 82,324
Social insurance taxes and
contributions:
Employment taxes and
contributions ......................... 30,549 34,919 37,123 40,742 36,011 41,086 56,615 38,104 315,148 301,710
Unemployment insurance ............. 1,214 2,940 223 1,081 2,546 258 3,628 10,155 22,044 22=
Other retirement contributions ........ 342 340 416 374 403 419 346 417 3,057 2,985
Excise taxes ............................. 4,453 5,154 4,870 4,241 4,308 4,133 4,577 4,113 35,1149 37,052
Estate and gift taxes ................... 1,160 1,349 1,383 1,288 1,090 1,137 2,704 1,415 11.524 9,898
Customs duties .......................... 1,786 1,593 1,439 1,482 1,456 1,528 1,388 1,427 12.D99 12.686
Miscellaneous receipts ................... 2,070 2,496 1,6181 2,364 1,5171 2,467 1,6801 1,929 1 1 16.140 20,442
Total-Receipts this year ........... 95,593 90,W8 138,271 142,922 89,349 89,011 203,386 90,044 938,5114 ......
(On-budget) ........................ 72,200 63,651 110,322 110,615 60,913 56,677 160,774 60,106 695,258 ......
(Off-budget) ........................ 23,393 26,357 27,949 32,307 28,437 32,334 42,613 29,938 243,327 ......
Total-Receipts prior year ........... 89,024 87,673. 130,810 131,801 82,544, 92,532 165,392 90,405 ..... 870,180
(On budget) ........................... 65,384 62,083 103,860 101,036 54,405 61,970 126,170 61,027 635,935
(Off budget) ........................... 23,639 25,590 26,950 30,765 28,139 30,562 39,222 29,378 ..... 234,245

Outlays
Legislative Branch ....................... 175 173 158 262 199 162 172 205 1,506 1.833
The Judiciary ............................ 197 196 226 320 212 215 329 385 2,080 1,809
Executive Office of the President ....... 14 14 14 18 15 25 19 19 137 145
Funds Appropriated to the President:
International Security Assistance ..... 120 764 239 138 2,012 104 143 101 3,622 4,802
International Development
Assistance ........................... 801 256 240 585 261 416 626 241 3,426 3,632
Other .................................. -199 183 -286 350 67 305 58 250 729 -241
Department of Agriculture:
Commodity Credit Corporation and
Foreign Agricultural Service ......... 820 2,104 352 112 -31 -313 -473 -356 2,213 9,638
Other .................................. 4,990 4,436 3,888 4,138 3,713 4,229 3,738 4,113 33,245 33,700
Department of Commerce ............... 353 280 250, 363 307, 287 322, 335 2.499 2.284
Department of Defense:
Military:
Military personnel ................... 3,033 5,927 8,009 3,325 5,760 5,552 5,522 8,092 45,219 44,521
Operation and maintenance ........ 5,957 6,721 7,265 7,723 7,579 7,562 7,598 8,392 58,797 58,962
Procurement ........................ 3,616 3,250 3,924 4,579 3,396 4,562 4,201 4,185 31,713 36,660
Research, development, test, and
evaluation ......................... 2,645 2,689 2,905 2,985 2.878 3,199 3,179 3,368 23,847 23,115
Military construction ................ 535 611 635 543 429 517 625 677 4,571 4,275
Family housing ..................... 307 287 296 337 283 327 314 336 2AW 2,241
Revolving and management
funds .............................. 796 1,105 702 -145 182 -61 482 769 3,830 -426
Other ............................... 381 -328 253 24 -28, -101 -133, -160 _W -711
Total Military ................... 17,270 20,262 23,988 19,371 20,478 21,556 21,787 25,658 170,371 168,637
Civil ................................... 2,660 2,707 2,593 2,718 2,853 2,664 2,683 2,774 21,651 20,870
Department of Education ................ 2,056 2,336 1.891 3,624 2,568 2,620 2,356 1,906 19.357 20.587
Department of Energy .... 1,495 1,383 1,498 1,139 1,285 1,222 1,136 1,20D 10,358 11,467
Department of Health and
Services:
Public Health Service ................. 1,873 1,672 1,453 1,616 1,789 2,032 2,004 1,611 14,049 13,600
Health Care Financing Administration:
Grants to States for Medicaid ..... 7,252 8,071 6,702 6,730 7,411 7,787 7,853 9,144 60,949 58,722
Federal hospital Ins. trust fund .... 9,082 9,869 10,302 10,169 10,709 10,410 10,947 14,699 86,188 74,245
Federal supp. mod. Ins. trust
fund ............................... 5,367 5,913 6.032 5,758 5,043 5,367 5,793 6,875 46,148 41,867
Other ............................... 3,934 3,792 3,577 6,161 4,814 12,356 6,450 4,737 45,822 31,595
Administration for children and
families ............................... 2.426 2,972 2,607 3,051 2,795 2,306 2,729 2,867 21,763 22,011
Other .................................. -5,516 -5,462 -4,906 -8,033 -6,357 -13,892 -7.924 -8,542 -60,631 -43,814
Department of Housing and Urban
Development ........................... 1,087 2,350 2,701 2,646 2,162 3.122 2,308 2,384 18,760 19,203
Department of the Interior .............. 641 477 499 536 624 485 50.4 567 4,333 4,885
Department of Justice ................... 809 985 838 1,112 933 920 1.020 1,079 7,695 6.908
Department of Labor:
Unemployment trust fund ............. 1,786 1,864 2,133 2,872 2,596 2,613 2,503 2,136 18,503 17,333
Other .................................. 730 957 298 661 -76 377 702 252 3,9DO 4,054
Department of State .................... 631 341 439 300 423 432 357 404 3,227 3,799
Department of Transportation:
Highway trust fund ................... 1,632 1,873 1,492 1,315 1,401 1,471 1,414 1,649 12,246, 11,876


26






Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1996-Continued
______ f$l mIllonsi ______ __________Fiscal ComnClassification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. TO period


Other ...................... 1,506 1,427 1,630 1,800 1,578 1,443 1.471 1,667 12,523 12.999
Deparmet of the Treasury:
Interest on the public debt ....._ 21,631 26,006 60,676 20,923 20,977 20,739 21,481 26,902 219,335 209,637
Other ................. 30 -1,053 1,146 405 6,870 7,171 2,939 1,686 19,132 14,801
Department of Veterans Affairs:
Compensation and pensions ... 101 1.488 2,911 83 1,561 1,569 1,575 3,047 12,335 .10,464
National service ffe ........._ 75 63 63 83 91 105 95 87 662 650
United States government life ..... 1 1 1 1 1 2 1 1 10 12
Other ............_ .... 1,4.42 1,710 1,441 1,985 1,231 1,612 1,279 2,100 12.799 12,750
Envinmental Protection Agency .... 484 538 435 595 526 481 494 471 4,024 4,140
General Services Administration .... 339 389 477 -393 382 396 -739 -520 332 483
National Aeronautics and Space
Administration ...... ....... 1,128 1,119 973 1,208 1,073 1,057 1,193 1,281 9,032 8,744
Office of Personnel Management .... 3,576 3,418 3,576 3,379 3,252 3,758 3,756 3,377 28,091 27,184
Small Business Administration ...... 16 238 76 -9 23 41 31 40 457 580)
Social Security Administration:
Federal old-age and survivors ins.
trust fund (oft-budget)............. 24,544 24,413 25,064 25,126 25,163 25,337 25,342 25,329 200,317 192,534
Federal disability ins, trust fund (offbudget)..... ................... 3,516 3,475 3,773 3,581 3,671 3,786 3,751 3,830 29,383 27,141
Other ...................174 2,233 3,941 254 2,372 2,261 2,340 4,491 18,066 15,402
Independent agencies:
Fed. deposit ins. oorp:
Bank Insurance fund............. -609 -69 20 -110 -10 59 -132 -3 -855 -5,242
Savings association insurance
fund......... .......... ........ 40 -14 -82 -235 -2 -142 -33 -21 -569 -544
FSLIC resolution fund:
RTC closeout ... .......-1,502 -840 -638 -797 -676 -638 -370 -355 -5,817 -7,557
Other ........ ...... .......... 407 87 -71 -37 -27 -33 -19 -106 201 943
Affordable housing and bank
enterprise ....................... (* V I** -** V*' I** I** V(*VI V*V 1 3
Posa Servce:
Public enterprise funds (offbudget) ......... ..... -374 -618 333 -883 -280 -674 -721 438 -2,779 -4,158
Payment to the Postal Service
fund............................ 55 2.... 21 .... .... 21...... 101 107
Oversight Board.... ................ 556 V) I ( ) V(I () () V) I(*I V 558 -3
Tennessee Valley Authority ...... 123 186 96 106 -108 -106 25 102 424 1,078
Other independent agencies ..... 2,026 1,792 1,069 1,408 1,655 1,417 1,577 1,746 12,691 13,065
Undistibuted offsetting receipts:
Employer share, employee
retirement ................. -2,404 -2,365 -2,562 -2,491 -2,559 -2,282 -2,428 -2,583 -19,675 -20,285
Interest received by trust funds .... -415 -5,736 -40,465 -65 -1,028 -143 -990 -5,951 -54,793 -51,654
Rents and royalties on outer
continental shelf lands ....... -361 -200 -121 -322 -295 -8 -499 -408 -2,214 -1,451
Other ........ ......... ..... -200 -51 (" -205 -610

Totals this year.
Total outlays ..................... 118,352 128,458 132,984 123,647 133,644 138,286 130,99 143,342 ___ 1,047,7071 ..
(On-budget)..................... 92,151 101,767 121,753 98,056 105,711 108,365 105,131 114,485 ___ 847,420 ...
(Off-budget) .................... 26,201 26,691 11,231 25,591 27,933 27,921 25,863 28,856 ___ 200,287 ...
Total-surplus (+) or deficit (-)..-22,758 -38,450 +5,286 +19,274 -44,295 -47,275 +72,393 -53,298 ____-109,123 ...
(On-budget) .................... -19,951 -38,116 -11,431 +12,558 -44,799 -51,688 +55,643 -54,380 ___ ______ -152,162 ...
(Off-budget) .................... -2,807 -334 +16,717 +6,716 +504 +4,413 +16,750 +1,082 +43,040 ...
Total borrowing from the public .... 13,353 38,339 -18,358, -4,747 47,022 38,189 -35,466, 20,633 ____98,966 142,717
Total-outlays prior year ....... ..... 120,365 124,915 135,613 116,166 120,899 143,074 115,673 129,958 .....................1006,663
(On-budget)..................95,307 99.464 124,316 90,883 94,421 117,123 90,628 103.184................ ....815,326
(Off-budge,) ..................... 25,059 25,452 11,297 25,282 26,478 25,951 25,045 26,773 ................... ....191,337
Total-surplus (+) or deficit (-) prior
year ....................... -31,342 -37,2421 -4,8031+ 15,6351-38.3551-50.543 +49,7201-39,55311 .......................136,483
(On-budget) ......... .......... -29,922 -3 7.381 -_20,4561+10,152 -4.1 55.153 +35,54 -42157....................... 179,390
(Off-budget)................ ..... -1,420 +1381+15,6531 +5,4831 +1,6611 +4,610 +14,1 781 +2,6041 ___ 1 1 1 1+42,907

..No transactions.
( ) Less than $500,000.
Note: Details may not add to totals due to rounding.





27






Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of May 31, 1996 [$ millions)

This Month Fiscal Year to Date securities held as Investments
Classification Current Fiscal Yew

Receipts Outlays EXCO33 Receipts Outlays Excess Beginning Of Close Of
This Year This Month This Month
Trust receipts, outlays, and investments
hold:
Airport and airway ............................ 402 511 -110, 2,293 4,242 -1,949 11,145 9,373 9,216
Black lung disability .......................... 51 45 6 399 361 37 ...... ......
Federal disability insurance ................... 4,655 3,830 825 38,988 29,383 9,605 35,225 43,985 44,830
Federal employees life and health ........... ...... -339 339 ...... -626 626 23,729 24,065 24,229
Federal employees retirement ................ 1,685 3,416 -1,731 25,296 26,607 -1,312 374,219 374,021 372,577
Federal hospital insurance ................... 8,087 14,699 -6,611 80,014 86,188 -6,174 129,864 130,357 124,339
Federal old-age and survivors insurance .... 26,023 25,329 694 230,972 200,317 30,655 447,947 477,883 478,596
Federal supplementary medical insurance ... 6,404 6,875 -471 55,855 46,148 9,707 13,513 23,258 22,577
Hazardous substance superfund ............. 29 114 -85 966 892 75 6,181 6,317 6,349
Highways ..................................... 2,021 2,161 -140 15,497 14,773 725 18,531 20,211 19,997
Military advances ............................. 1,007 1,164 -157 9,345 9,424 -79
Military retirement ............................ 6,143 2,438 3,706 29,141 19,118 10,022 112,963 118,212 122,207
Railroad retirement ........................... 487 669 -182 3,704 5,342 -1,638 14,440 16,030 16.405
Unemployment ................................ 10,264 2,136 8,128 24,183 18,503 5,680 47,141 44,292 53,367
Veterans life insurance ....................... 21 117 -96 693 833 -140 13,606 13,559 13,468
All other trust ................................. 317 400 -83 2,313 2,461 -148 7,880 8,458 8,455
Total trust fund receipts and outlays
and investments held from Table 60 .......................................... 67,597 63,564 4,032 519,659 463,966 55,692 1,256,385 1,310,020 1,316,612
Less: Interfund transactions .................... 13.504 13,504 ...... 136,952 136,952 ......
Trust fund receipts and outlays on the basis
of Tables 4 & 5 ............................... 54,093 50,061 4,032 382,706 327,014 65,692
Total Federal fund receipts and outlays .... 38,725 96,054 -57,330 579,765 7",580 -164,81S
Less: Interfund transactions .................. 12 12 ...... 235 235 ......
Federal fund receipts and outlays on the
basis of Table 4 & 5 ......................... 38,713 96,043 -57,330 579,530 7",345 -164,815
Less: Offsetting proprietary receipts ........... 2,762 2,762 ...... 23,651 23,651 ......
Not budget receipts & outlays ............... 90,044 143,342 -53,298 938,584 1,047,707 -109,123

... No transactions. Note: Details may riot add to totals due to rounding.
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 receipts 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.






































28






Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, May 1996
and Other Periods
[$ millions]

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

RECEIPTS
Individual income taxes .... .................. ....... ......... 29,914 431,011 380,850
Corporation income taxes ....... ....... .......................... 2,570 91,713 82.324
Social insurance taxes arid contributions:
Employment taxes and contributions ..................... ...... 38,104 315,148 301.710
Unemployment insurance ................ ........... 10,155 22,044 22.233
Ottw retirement contributions ...... ......... ......... 417 3,057 2,985
Excise taxes ............ ............... ........ .............. 4,113 35,849 37,052
Estate and gift taxes ... ........................... .............. 1,415 11,524 9,898
Customs .... ......... ..................... ... ................. 1,427 12,099 12,686
Miscellaneous ............... ................ -- ........... 1,929 16,140 20,442
Total ......................................................... 90,044 938,584 870,180

NET OUTLAYS
National defense ........................ ................. ....... 26,609 178,574 177,031
International affairs ................................................. 1,165 10,359 11,829
General science, space, and technology .......................... 1,584 11,536 11,408
Energy ........ .......... .......................... 216 1,208 3,017
Natural resources and environment .................. ............. 1,757 15,486 15,788
Agriculture ..... .......................................... .... -175 4,302 11,138
Commerce and housing credit ............................. ..... 256 -9,542 -14.864
Transportation .......... ....... .......... ........................ 3,324 24,634 24,721
Community and Regional Development ..... ...... .............. 826 7,341 7,008
Education, training, employment and social services ............. 3,961 33,672 34,908
Health ........... ...... .......................................... 11,201 78,673 75,776
Medicare ......... .................................................. 17,571 116,536 102,905
Income security ..................................................... 21,407 161,958 151,678
Social Security ............ ........ ......... ... I .................. 29,156 229,357 219,665
Veterans benefits and services .................................... 5,254 25,903 24,007
Administration of justice ...... ..................................... 1,683 11,408 10,428
General government ......... ...................................... 180 7,237 8,802
Interest ....... .................................... ................. 20,359 161,159 153,764
Undistributed offsetting receipts ......... ..... I ............. -2,991 -22,093 -22,347
Total ......................................................... 143,342 1,047,707 1,006,N3


Note: Details may not add to totals due to rounding.









































29






Explanatory Notes
1. Flow of Data Into Monthly Treasury Statement the employee and credits for whatever purpose the money was withheld.
The Monthly Treasury Statement (MTS) is assembled from data in the Outlays are stated net of offsetting collections includingg receipts of central accounting system. The major sources of data include monthly revolving and management funds) and of refunds. Interest on the public accounting reports by Federal entities and disbursing officers, and daily debt (public issues) is recognized on the accrual basis. Federal credit reports from the Federal Reserve banks. These reports detail accounting programs subject to the Federal Credit Reform Act of 1990 use the cash transactions affecting receipts and outlays of the Federal Government basis of accounting and are divided into two components. The portion of and off-budget Federal entities, and their related effect on the assets and the credit activities that involve a cost to the Government (mainly liabilities of the U.S. Government. Information is presented in the MTS on subsidies) is included within the budget program accounts. The remaining a modified cash basis. portion of the credit activities are in non-budget financing accounts.
Outlays of off-budget Federal entities are excluded by law from budget
2. Notes on Receipts totals. However, they are shown separately and combined with the onReceipts included in the report are classified into the following major budget outlays to display total Federal outlays. categories: (1) budget receipts and (2) offsetting collections (also called
applicable receipts). Budget receipts are collections from the public that 4. Processing result from the exercise of the Government's sovereign or governmental The data on payments and collections are reported by account symbol powers, excluding receipts offset against outlays. These collections, also into the central accounting system. In turn, the data are extracted hom called governmental receipts, consist mainly of tax receipts (including this system for use in the preparation of the MTS. social insurance taxes), receipts from court fines, certain licenses, and There are two major checks which are conducted to assure the deposits of earnings by the Federal Reserve System. Refunds of receipts consistency of the data reported: are treated as deductions from gross receipts.
Offsetting collections are from other Government accounts or the 1. Verification of payment data. The monthly payment activity reported by public that are of a business-type or market-oriented nature. They are Federal entities on their Statements of Transactions is compared to the classified into two major categories: (1) offsetting collections credited to payment activity of Federal entities as reported by disbursing officers. appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts 2. Verification of collection data. Reported collections appearing on deposited in receipt accounts). Collections credited to appropriation or Statements of Transactions are compared to deposits as reported by fund accounts normally can be used without appropriation action by Federal Reserve banks. Congress. These occur in two instances: (1) when authorized by law,
amounts collected for materials or services are treated as reimburse- 5. Other Sources of Information About Federal Governimenit ments to appropriations and (2) in the three types of revolving funds Financial Activities (public enterprise, intergovernmental, and trust); collections are netted
against- spending, and outlays are reported as the net amount. 9 A Glossary of Terms Used in the Federal Budget Process, January
Offsetting receipts in receipt accounts cannot be used without being 1993 (Available from the U.S. General Accounting Office, P.O. Box 6015, appropriated. They are subdivided into two categories: (1) proprietary Gaithersburg, Md. 20877). This glossary provides a basic reference receipts-these collections are from the public and they are offset against document of standardized definitions of terms used by the Federal outlays by agency and by function, and (2) intergovernmental funds- Government in the budgetmaking process. these are payments into receipt accounts from Governmental appropriation or funds accounts. They finance operations within and between Daily Treasury Statement (Available from GPO, Washington, D.C. Government agencies and are credited with collections from other 20402, on a subscription basis only). The Daily Treasury Statement is Government accounts. The transactions may be intrabudgetary when the published each working day of the Federal Government and provides data payment and receipt both occur within the budget or from receipts from on the cash and debt operations of the Treasury. off-budget Federal entities in those cases where payment is made by a *Monthly Statement of the Public Debt of the United States Federal entity whose budget authority and outlays are excluded from the
budget totals. (Available from GPO, Washington, D.C. 20402 on a subscription basis
Intrabudgetary transactions are subdivided into three categories: only). This publication provides detailed information concerning the public
(1) interfund transactions, where the payments are from one fund group debt. (either Federal funds or trust funds) to a receipt account in the other fund 9 Treasury Bulletin (Available from GPO, Washington, D.C. 20402, by group; (2) Federal intrafund transactions, where the payments and subscription or single copy). Quarterly. Contains a mix of narrative, tables, receipts both occur within the Federal fund group; and (3) trust intrafund and charts on Treasury issues, Federal financial operations, international transactions, where the payments and receipts both occur within the trust statistics, and special reports. fund group.
Offsetting receipts are generally deducted from budget authority and Budget of the United States Government, Fiscal Year 19
outlays by function, by subfunction, or by agency. There are four types of (Available from GPO, Washington, D.C. 20402). This publication is a receipts, however, that are deducted from budget totals as undistributed single volume which provides budget information and contains: offsetting receipts. They are: (1) agencies' payments (including payments
by off-budget Federal entities) as employers into employees retirement -Appendix, The Budget of the United States Government, FY 19 funds, (2) interest received by trust funds, (3) rents and royalties on the -The United States Budget in Brief, FY 19 Outer Continental Shelf lands, and (4) other interest (i.e., interest collected -Special Analyses on Outer Continental Shelf money in deposit funds when such money is -Historical Tables transferred into the budget). -Management of the United States Government
Major Policy Initiatives
3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued, United States Government Annual Report and Appendix (Available electronic funds transferred, or cash payments made. Certain outlays do from Financial Management Service, U.S. Department of the Treasury, not require issuance of cash or checks. An example is charges made Washington, D.C. 20224 This annual report represents budgetary against appropriations for that part of employees' salaries withheld for results at the summary level. The appendix presents the individual receipt taxes or savings bond allotments these are counted as payments to and appropriation accounts at the detail level.



30



















The release date for the June 1996 Statement
will be 2:00 pmn EST July 22, 1996.




























For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 (202) 512-1800. The subscription price is
$35.00 per year (domestic), $43.75 per year (foreign).
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