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. -- Financial Management Service
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Full Text


Monthly Treasury Statement
of Receipts and Outlays of the United States Government For Fiscal Year 1997 Through December 31, 1996, and Ot




Highlight I


This issue includes the semi-annual interest payment to trust funds invest ent
securities.


RECEIPTS, OUTLAYS, AND SURPLUS/DEFICIT
THROUGH DECEMBER 1996

500- Contents
Summary, page 2
B Receipts, page 6

L 300- OUTLAYS Outlays, page 7
L Means of financing, page 20
1, 2Receipts/outlays by month, page 28
0
Federal trust funds/securities, page 30 S Receipts by source/outlays by
function, page 30
Explanatory notes, page 31
-100

Compiled and Published by

Department of the Treasury fr
Financial Management Service W"f






Introduction
The Monthly Treasury Statement of Receipts and Outlays of the United States of receipts are treated as deductions from gross receipts; revolving and manageGovernment (MTS) is prepared by the Financial Management Service, Department of ment 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 an the public debt (public 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 entities, disbursing officers, and Federal and Federal Reserve banks. Reserve banks.


Audience Triad 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 Daily Treasury in the cash position of the Treasury; Those who are responsible for or interested in Statement is published each working day of the Federal Government. It provides the Government's budget results; and individuals and businesses whose operations data on the cash and debt operations of the Treasury based upon reporting of the depend upon or are related to the Government's financial operations. Treasury account balances by Federal Reserve banks. The MTS is a report of
Government receipts and outlays, based on agency reporting. The U.S. Government 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 of f-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 the MTS and sources of information relevant to the MTS.











Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 1996 and 1997,
by Month
[$ millions]

Period Receipts Outlays Deficit/Surplus



FY 1996
October ....... ...................... ... 95,674 118,252 22,578
November .............. .............. 90,086 128,538 38,452
December ............ ............. 138,347 133,064 -5,283
January ................................... 142,999 123,543 -19,456
February ........... .................. -.. 89,428 133,775 44,346
March ................... ............... 89,087 136,158 47,071
April .... ............................ 203,468 131,064 -72,404
May ......................... ............ 90,122 143,173 53,051
June ...................................... 151,995 117,655 -34,340
July ............... ...... ............. 103,893 130,749 26,856
August ......... ......................... 99,996 141,828 41,831
September ............................... 157,668 122,243 -35,425
Year-to-Date ........................... 1,452,763 1,560,040 107,277
FY 1997
October ...................... ........... 199,656 1139,915 40,259
November ............ ................... 197,849 1135,727 37,878
December ............. .................. 148,489 129,126 -19,362
Year-to-Date ........................... 345,994 404,768 58,775

'Receipts and outlays have been decreased by $400 million and $68 million in October 1996 Note: Details may not add to totals due to rounding. and November 1996, respectively, to reflect an adjustment made by the Internal Revenue Service to the earned income credit.






Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, December 1996 and
Other Periods
[$ millions])___________________________Current Budget Prior Budget
ClsiiainThis FsaEstimates Fiscal Year Estimates
Month Full Fiscal to Date Next Fiscal
Year to Date Year' (1996) Year (1998)1



Total on-budget and off-budget results.
Total receipts ...........148,489 345,994 324,106
On-budget receipts ... ...........119,527 263,190 246,408
Off-budget receipts............ ............... .... 28,961 82,804 77,698
Total outlays ................................... 129,126 404,768 379,854

On-budget outlays ..................... ........... 119,889 339,506 315,731
Off -budget outlays ........... _...............9,237 65,262 64,123
Total surplus (+) or deficit -)....................... +19,362 -58,775 -55,748

On-budget surplus (+) or deficit ....-..) -362 -76,317 -69,323
Off -budget surplus (+) or deficit .-)..................+19,724 +1 7,542 +13,575
Total on-budget and off -budget financing .......-19,362 58,775 55,748

Means of financing:
Borrowing from the public........................ -12,321 48,726 33,335
Reduction of operating cash, increase (-) .....-6,487 11,431 17,454
By other means .. ... .......................... ..... -554 -1,382 4,958

'The estimates will be published after the release of the President's 1998 Budget.
..No Transactions.
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 1996 and 1997







$ billions



200- i N Outlays

180-\















96---- 976


1003




Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 1996 and 1997


$ billions

250]


200- A

Total Receipts



100 Social Security


50- Income Taxes

Othe Taes and ReceiptS 0-11 7_ I I
Oct. Dec. Feb. Apr. Jun. Aug. Oct. Dec.

FY FY
96 97



Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 1996 and 1997


$ billions
180

160- Total Outlays]

140-o

20
Social Security & Medcr 100-:-80
Other Non-Defense
60

[NaioalDefense

20- ltrt


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

FY FY
96 97






Table 3. Summary of Receipts and Outlays of the U.S. Government, December 1996 and Other Periods [$ millions)

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

Budget Receipts
Individual income taxes ..................... ...... ........... 59,423 2159,294 144,542
Corporation income taxes ........ ....... ................. 38,956 42,158 41,895
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget) ............ 28,961 82,804 77,698
Employment taxes and contributions (on-budget) ........ 11,096 28,647 24,893
Unemployment insurance ... ............. .................... 259 4,163 4,377
Other retirement contributions ... .............. ......... ..... 371 1,129 1,097
Excise taxes ... .............................. ................... 4,559 13,160 14,477
Estate and gift taxes ................................... ..... 1,371 4,313 3,891
Custom s duties .............. ................ ........ .......... 1,520 4,170 4,817
Miscellaneous receipts ....... .................................... 1,973 6,156 6,418
Total Receipts ................................................. 148,489 345,994 324,106
(On-budget) .................................................. 119,527 263,190 246,408

(Off-budget) ................................................. 28,961 82,804 77,698

Budget Outlays
Legislative Branch ...................... ............ 186 723 506
The Judiciary ........ ........................ ................... 209 826 619
Executive Office of the President ............................ 17 53 42
Funds Appropriated to the President ............................ 802 4,875 2,118
Department of Agriculture ............. ....... ....... 5,345 16,574 16,590
Department of Commerce ........ ................ ........ 332 996 884
Department of Defense-Military ................ ............... 21,896 66,830 61,343
Department of Defense-Civil ................ ............ ..... 2,805 8,392 7,960
Department of Education ........ ..................... ..... 1,970 7,636 6,283
Department of Energy .................... ....... ............... 1,304 3,949 4,376
Department of Health and Human Services .................... 27,854 84,913 77,013
Department of Housing and Urban Development ............... 1,395 7,834 6,138
Department of the Interior ... ................................... 615 1,933 1,617
Department of Justice ............................................ 1,141 3,323 2,632
Department of Labor ........ .................................. 2,707 6,672 7,748
Department of State ............................ ............... 843 1,844 1,311
Department of Transportation ........ ........................... 3,224 10,440 9,558
Department of the Treasury:
Interest on the Public Debt ................................... 63,993 112,263 108,313
Other ........................ ......... 311 21,203 62
Department of Veterans Affairs .................................. 3,074 11,588 9,297
Environmental Protection Agency ................................ 655 1,554 1,458
General Services Administration ................................. 610 208 1,205
National Aeronautics and Space Administration ................. 1,275 3,627 3,220
Office of Personnel Management ........................ ....... 3,950 11,185 10,570
Small Business Administration ................................... -101 -36 331
Social Security Administration .................................... 31,865 97,577 91,133
Other independent agencies ..................................... 1,209 -233 2,155
A llow ances ........................................................ ...... ...... ......
Undistributed offsetting receipts:
Interest .... ... .............................................. -43,522 -49,725 -46,617
Other ....... ...................... .............. -6,840 -12,255 -8,013
Total outlays ................................................... 129,126 404,768 379,854

(On-budget) .................................................. 119,889 339,506 315,731
(Off-budget) ................................................. 9,237 65,262 64,123
Surplus (+) or deficit (-) .................................... +19,362 -58,775 -55,748

(On-budget) .................................................. -362 -76,317 -69,323

(Off-budget) ................................................. +19,724 +17,542 +13,575

'The estimates %vill be published after the release of the President's 1998 Budget. 2Receipts and outlays have been decreased by $400 million and $68 million in October 1996
and November 1996, respectively, to reflect an adjustment made by the Intemal Revenue Service to the earned income credit.






Table 4. Receipts of the U.S. Government, December 1996 and Other Periods [$ millions)
This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross Refunds Gross Refunds Gross Refunds
Receipts Receipts Receipts
Receipts (Deduct) Receipts (Deduct Receipts (Deduct)

Individual income taxes:
W ithheld ..... .............. ............... 152,690 148,546 137,460
Presidential Election Campaign Fund ....... ...... ....... C *) 2 1
O ther ...................... ....................... 17,582 15,225 11,118
Total-individual income taxes ......................... 60,273 850 59,423 163,773 24,479 159,294 148,580 4,037 1",542
Corporation income taxes .................................... 40,436 1,479 38,956 49,612 7,454 42,158 46,823 4,928 41,895
Social insurance taxes and contributions:
Employment taxes and contributions:
Federal old-age and survivors ins. trust fund:
Federal Insurance Contributions Act taxes ............ 126,336 ...... 26,336 71,828 71,828 66,434 643 65,791
Self-Employment Contributions Act taxes ........... 1-1,716 ...... -1,716 -1,528 ...... -1,528 178 ...... 178
Deposits by States ........ ......................... 25 ...... 25 25 ... 25 -1 -1
O ther ........ ........................................... C I C I C 1) ..... C *) C *) ...... C *)
Total-FOASI trust fund ...... ................... 24,645 ...... 24,645 70,325 ...... 70,325 66,611 643 65,968
Federal disability insurance trust fund:
Federal Insurance Contributions Act taxes ............ 14,634 4,634 12,765 ...... 12,765 11,802 119 11,682
Self-Employment Contributions Act taxes ............. 1-312 ...... -312 -279 -279 48 1 ... 48
Receipts from railroad retirement account ............. ... ...... ...... ...... .... ......
Deposits by States ............ ........................ -6 .... -6 -6 ...... -6 ......
O th e r .... ............................ ......... ...... ...... ...... ...... ..... .... ...... ......
Total-FDI trust fund ........................ ....... 4,316 ... 4,316 12,479 ...... 12,479 11,850 119 11,730
Federal hospital insurance trust fund:
Federal Insurance Contributions Act taxes ........... 111,819 .... 11,819 28,592 ...... 28,592 23,914 -13 23,927
Self-Employment Contributions Act taxes ............. 1-975 .... -975 -900 ...... -900 100 100
Receipts from Railroad Retirement Board ....... ..... ...... ...... ...... ...... ... .... ...... ..... .... I .
Deposits by States ..................................... -19 ...... 19 19 ..... -19 .... ... I ......
Total-FHI trust fund ................................ 10,825 ...... 10,825 27,673 ...... 27,673 24,015 -13 24,028
Railroad retirement accounts:
Rail industry pension fund ............................. 112 ..... 112 480 C 1 480 456 37 420
Railroad Social Security equivalent benefit ............ 159 .... 159 495 495 446 .... 446

Total-Employment taxes and contributions ........ 40,057 ...... 40,057 111,452 111,452 103,377 786 102,591
Unemployment insurance:
State taxes deposited in Treasury ....................... 216 216 3,377 .... 3,377 3,597 ...... 3,597
Federal Unemployment Tax Act taxes ................... 43 ... 43 787 7 779 781 8 774
Railroad unemployment taxes ............................ C C *) 6 6 6 .... 6
Railroad debt repaym ent ........................... ...... ..... ...... ...... ...... ......
Total-Unemployment insurance ....................... 259 .... 259 4,170 7 4,163 4,384 8 4,377
Other retirement contributions:
Federal employees retirement employee
contributions .......... .......... ........................ 364 ...... 364 1,110 ...... 1,110 1,079 .... 1,079
Contributions for non-federal employees ................. 7 7 19 ...... 19 19 ...... 19
Total-Other retirement contributions .................. 371 ...... 371 1,129 ...... 1,129 1,097 1,097
Total-Social insurance taxes and
contributions ........................................ 40,687 ...... 40,687 116,751 7 116,743 108,859 794 108,065
Excise taxes:
Miscellaneous excise taxeS3 ... ............................. 2,229 47 2,182 6,445 -72 6,518 8,015 240 7,775
Airport and airway trust fund ............................... 429 ...... 429 1,388 11 1,377 1,363 6 1,357
Highway trust fund .......................... ............... 1,899 1 1,898 5,354 215 5,139 5,287 97 5,190
Black lung disability trust fund ............................. 50 ...... 50 126 ...... 126 155 ... 155
Total-Excise taxes ..................................... 4,606 48 4,559 13,313 154 13,160 14,820 343 14,477
Estate and gift taxes ......................................... 1,438 67 1,371 4,471 158 4,313 3,992 101 3,891
Customs duties ............................................... 1,618 98 1,520 5,124 954 4,170 5,124 306 4,817

Miscellaneous Receipts:
Deposits of earnings by Federal Reserve banks .......... 1,605 ...... 1,605 4,964 ... 4,964 5,261 ... 5,261
All other .............. ..................................... 367 C 367 1,193 1 1,192 1,159 3 1,157
Total Miscellaneous receipts ........................ 1,973 1,973 6,157 1 6,156 6,421 3 6,418
Total Receipts ........................................ 151,031 2,542 148,489 359,201 13,207 345,994 334,619 10,512 324,106
Total On-budget ...................................... 122,070 2,542 119,527 276,397 13,207 263,190 256,158 9,750 246,408
Total Off-budget ...................................... 28,961 ...... 28,961 82,804 ...... 82,804 78,461 763 77,698

'in accordance with the Social Security Act as amended: "Individual Income Taxes Withheld" 2Refunds have been increased by $400 million and $68 million in October 1996 and November have been decreased and "Federal Insurance Contribution Act taxes" correspondingly increased 1996, respectively, to reflect an adjustment made by the Internal Revenue Service to the earned by $4.085 million to correct estimates for the quarter ending December 31, 1995, "Individual income credit. Income Taxes Other" have been increased and "Self-Employment Contribution Act taxes" have 31ncludes amounts for the windfall profits tax pursuant to P.L. 96-223.
... No Transactions.
been correspondingly decreased by $3,361 million to correct estimates for the calendar year 1994 1* *) Less than $500,000. and prior, Note: Details may not add to totals due to rounding.

6






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

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

Legislative Branch:
Senate ....... ........ 35 C 34 102 1 101 103 C 103
House of Representatives ........... ........ .............. 62 C 1 61 194 V 194 176 C 176
Joint item s .. ...... ............. ................. 8 8 20 .... 20 20 ... 20
Congressional Budget Office ...... ........... 2 2 5 5 5 5
Architect of the Capitol ., ................ 11 C 11 48 2 47 40 2 38
Library of Congress ............ ....................... 32 32 221 .... 221 78 78
Government Printing Office:
Revolving fund (net) ....... ...... ...... ........ 2 .... 2 28 ...... 28 -24 -24
General fund appropriations ............................... 5 ...... 5 20 ...... 20 19 ... 19
General Accounting Office .... .............................. 30 ...... 30 82 I .... 82 78 ... 78
United States Tax Court ..... ................... 2 ... 2 8 .... 8 8 8
Other Legislative Branch agencies ................ ......... 1 1 4 ...... 4 7 7
Proprietary receipts from the public .... ...... ............ ...... -1 ... 1 -1 ..... 2 -2
Intrabudgetary transactions .............. .................. -3 ...... -3 -6 ...... -6 -1 -1
Total-Legislative Branch ................................ lee 1 186 727 4 723 510 4 506

The Judiciary:
Supreme Court of the United States ......... ............. 2 ...... 2 7 ...... 7 7 7
Courts of Appeals, District Courts, and other judicial
services ............... ............ 203 C 1 203 796 2 795 589 1 588
Other .... ................... .................. 5 5 24 24 24 24
Total-The Judiciary ..................................... 210 V 209 828 2 826 621 1 619

Executive Office of the President:
Compensation of the President and the White House
O ffice ....................... ........................... 3 ...... 3 11 11 8 8
Office of Management and Budget ......................... 4 ...... 4 15 ...... 15 12 12
Other ..... .... __ ........ ........... .......... 10 ...... 10 27 ...... 27 22 ... 22
Total-Executive Office of the President .............. 17 ...... 17 53 ...... 53 42 ...... 42

Funds Appropriated to the President:
International Security Assistance:
Foreign military loan program ................ ............ 43 70 -27 82 106 -24 87 86 1
Foreign military financing program ........................ 9 ...... 9 2,099 ...... 2,099 659 .... 659
Economic support fund and International Fund for
Ireland ....... ............ ........ ................. 79 ...... 79 1,416 .... 1,416 493 ... 493
Peacekeeping Operations ............. .................... 3 ...... 3 16 ...... 16 12 ... 12
O ther .. .... ......... ........................ ............ 2 2 8 ...... 8 7 7
Proprietary receipts from the public .... ................. .... 60 -60 ... 72 -72 .... I 49 -49
Total-international Security Assistance ................ 134 130 4 3,621 178 3,443 1,259 136 1,123
International Development Assistance:
Multilateral Assistance:
Contribution to the International Development
Association .............. ........................... ...... ...... ... 321 ... 321 314 ...... 314
International organizations and programs ....... ...... 4 ...... 4 10 ... ... 10 10 ...... 10
Other ........ .......... .......... ................ 94 ...... 94 265 .... 265 212 ...... 212
Total-Multilateral Assistance ........................ 98 ...... 98 597 597 535 535

Agency for International Development:
Sustainable development assistance program .......... -153 ...... -153 246 ...... 246 424 424
Assistance for eastern europe and the baltic States 106 ... 106 148 ...... 148 65 65
Assistance for the new independent States of the
former soviet union ......... ......................... 129 ..... 129 215 ...... 215 123 123
Development fund for Africa ............................ 117 .... 117 174 ...... 174 155 155
Operating expenses ................... ......... ....... 22 ...... 22 80 ...... 80 110 110
Payment to the Foreign Service retirement and
disability fund ........ ............... ...... ...... ...... ...... ...... ... ...... ...... ...
Other ... .... ........................................... 68 87 -19 113 215 -103 74 9 65
Proprietary receipts from the public .... ............. ...... 1 -1 ...... V I V I .... 185 -185
Intrabudgetary transactions ..... ....................... ... ...... ...... V *) ...... C I .... .11 ... ......
Total-Agency for International Development ....... 289 88 201 975 216 759 951 194 757
Overseas Private Investment Corporation ................ 7 21 -14 17 70 -53 21 84 -63
Peace Corps ...... ....... ............. 29 ...... 29 63 ..... 1 63 46 ... 46
O ther ...... ........ ............... 4 .... 4 14 .... 14 22 ... 22
Total-International Development Assistance .......... 427 109 318 1,665 286 1,380 1.575 278 1,297
International Monetary Programs ...... .............. 109 ...... 109 15 ..... 15 198 ... 198
Military Sales Programs:
Special defense acquisition fund .......... ............... 3 5 -2 4 5 -1 20 48 -28
Foreign military sales trust fund .... .... ........ ..... 1,440 ...... 1,440 3,926 ...... 3,926 3,851 ... 3,851
Kuwait civil reconstruction trust fund .... ......... ...... (* I ...... V I V I .... C I V *) .... C I
Proprietary receipts from the public ..................... ..... 1,070 -1,070 3,901 -3,901 4,329 -4,329
O ther ......... .......... ................................. 2 2 13 13 6 ...... 6
Total-Funds Appropriated to the President ........... 2,116 1,314 802 9,245 4,370 4,875 61909 4,791 2,118

7






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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Outlays Gross Appficabl Outlays Gross Applicable Outlays
Outlays Receipts Outlays T; receipt. Outlays I Receipts

Department of Agriculture:
Agricultural Research Service ...... 62 ...... 62 188 .... 188 181 181
Cooperative State Research, Education, and Extension
Service:
Cooperative state research activities ..................... 30 ... 30 95 95 97 97
Extension activities ......... ....... ................ 30 30 102 102 93 93
O ther .......... ...... ....... ...... 2 ... 2 16 ..... 16 6 .... 6
Animal and Plant Health Inspection Service .......... 35 35 117 117 110 110
Food Safety and Inspection Service ........... 41 ...... 41 127 ..... 127 124 124
Agricultural Marketing Service ........ ................. 71 71 258 ..... 258 292 292

Farm Service Agency:
Salaries and expenses ......... ...... ............... ... 78 ...... 78 52 .... 52 234 ..... 234
Conservation programs ............ ___ ........... 16 16 35 ..... 35 1,753 1.753
Federal crop insurance corporation fund ......... 142 44 98 488 477 11 694 334 360
Commodity Credit Corporation:
Price support and related programs .... ............... 2,456 554 1,902 6,581 1,265 5,315 4,716 1,546 3,171
National W ool Act Program ..... ............... ..... ...... ...
Agricultural credit insurance fund ....... __ ............. 14 58 -44 248 329 -81 30 303 -273
O ther .. ....... ......... ......... ....... 4 4 9 .... 9 6 6
Total-Farm Service Agency ... ........ ....... ...... 2,709 656 2,054 7,414 2,072 5,342 7,434 2,183 5,251

Natural Resources Conservation Service:
Conservation operations .................. 59 ...... 59 146 ...... 146 141 141
Watershed and flood prevention operations .............. 9 ...... 9 66 ...... 66 63 ...... 63
O ther .......... ....... ........................... 10 ...... 10 32 ... 32 30 30
Rural Utilities Service:
Rural water and waste disposal fund ....... 50 .... 50 153 .... 153 121 ... 121
Rural electrification and telephone fund ........... ...... 325 636 -311 429 1,187 -758 491 997 -506
Rural development insurance fund ... ...... ............. 20 53 -33 133 162 -29 177 146 32
Other .................... ................. ............ 17 2 15 14 495 -481 78 65 14
Rural housing and Community Development Service:
Rural housing insurance fund .. ............. ...... 47 65 -17 753 619 134 481 623 -143
Rental assistance program ....... .............. .... __ 42 ...... 42 125 ... 125 115 ...... 115
Other ............. ....................... ................. -317 -317 -234 ..... -234 137 ... 137
Foreign Agricultural Service ......... ............ -13 ..... -13 19 ..... 19 105 105

Food and Consumer Service:
Food stamp program ....... ............ ........... 1,966 .... 1,966 6,208 ..... 6,208 6,327 6,327
State child nutrition programs ........ ........ ........... 736 736 2,241 ...... 2,241 2,122 2,122
Women, infants and children programs ..... ............. 325 325 1,022 ...... 1,022 920 920
Other ................ ...... 25 .... 25 149 149 155 ..... 155
Total-Food and Consumer Service ............. 3,052 ..... 3,052 9,621 ...... 9,621 9,524 .... 9,524

Forest Service:
National forest system ............ ......... ......... 327 ..... 327 496 ..... 496 355 355
Firefighting and protection funds .................... ...... -462 .... -462 103 .... 103
Forest service permanent appropriations ... ............. 99 ...... 99 330 .... 330 347 347
Other ... ................... ......... ......... ..... 80 ... 80 886 .... 886 186 .... 186
Total- Forest Service .................. ................ 506 ...... 506 1,250 ...... 1,250 992 .... 992

Other ......... ..... 43 4 40 140 8 131 93 9 84
Proprietary receipts from the public ... ...... ........... ...... 71 -71 ..... 255 -255 ...... 227 -227
Intrabudgetary transactions ............... .................. ..... 409 409 -45 -45

Total-Department of Agriculture ....................... 6,832 1,486 5,345 21,372 4,798 16,574 20,840 4,250 16,590

Department of Commerce:
Economic Development Administration ...................... 38 1 38 122 2 120 113 2 ill
Bureau of the Census ....... ........... .......... 29 ..... 29 98 ...... 98 77 ... 77
Promotion of Industry and Commerce ....... .............. 39 ..... 39 94 ..... 94 69 69

Science and Technology:
National Oceanic and Atmospheric Administration .... 150 1 149 489 3 486 464 3 461
National Institute of Standards and Technology ........ 45 ...... 45 162 162 136 136
Other ................ ............ ...... ........... 36 3 33 35 7 28 39 7 32
Total-Science and Technology .... ................ 230 4 226 687 10 676 638 10 628

O ther .... ....................................... ........ 12 .... 12 38 .... 38 3 1 ... 31
Proprietary receipts from the public ... ....... ...... 11 -11 .... 31 -31 .... 32 -32
Intrabudgetary transactions ....... ............ ............. .... ...... V C V I V
Offsetting governmental receipts .. - ........... ...

Total-Department of Commerce ....................... 348 16 332 1,039 43 996 929 45 884


8






Table 5. Outlays of the U.S. Government, December 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 Applicable Outlays
Outlays Receipts Outlays Receipts Outlays Receipts

Department of Defense-Military:
Military personnel:
Department of the Army ...... ...... .... 2,039 2.039 7,414 7,414 6,180 6,180
Department of the Navy ...................... 2,094 2,094 6,729 6,729 6,040 6,040
Department of the Air Force ............ 1,546 ...... 1,546 5,457 5,457 4,748 4,748
Total-Military personnel ............... 5,678 5,678 19,600 .... 19,600 16,968 ... 16,968

Operation and maintenance:
Department of the Army .......... .............. 1,631 .... 1,631 5,416 .... 5,416 4,908 4,908
Department of the Navy ............... __ ... 2,178 .... 2,178 4,871 4,871 2,670 2,670
Department of the Air Force ....................... ...... 2,646 2,646 6,798 6,798 5,664 .... 5,664
Defense agencies .. ....... ... ........ ..... 1,626 ...... 1,626 5,281 ...... 5,281 4,596 4,596
Total-Operation and maintenance .... .... 8,081 .... 8,081 22,365 22,365 17,837 ... 17,837

Procurement:
Department of the Army ......... 720 ... 720 1,931 1,931 1 668 1,668
Department of the Navy ......... ___ .... 1,527 1,527 4,167 4,167 4,796 4,796
Department of the Air Force ............ .... 2,271 .... 2,271 4,504 ...... 4,504 3,427 3,427
Defense agencies ......... .......... __ ... ......... 294 ... 294 819 ..... 819 899 ... 899
Total- Procurement ... .... ............. .... 4,812 ..... 4,812 11,421 ...... 11,421 10,791 10,791

Research, development, test, and evaluation:
Department of the Army ....... .... 359 359 1,284 ... 1.284 1,234 1,234
Department of the Navy .............. 659 .... 659 1,840 1,840 2,021 ..... 2,021
Department of the Air Force ___ ............... 1,197 1,197 3,239 .... 3,239 2,964 ..... 2,964
Defense agencies .... ............ 757 ... 757 2,227 ... 2.227 2,020 2,020
Total-Research, development, test and evaluation ... 2,971 ... 2,971 8,590 8.590 8,239 8,239

Military construction:
Department of the Army ........................... 95 ...... 95 236 ... 236 269 269
Department of the Navy ...... 64 64 167 167 172 ... 172
Department of the Air Force ... .................... 75 ..... 75 265 ...... 265 330 ...... 330
Defense agencies ... ................. ............... 380 .... 380 941 941 1,010 1,010
Total-Military construction ......... 614 614 1,610 ... 1,610 1,781 ...... 1,781

Family housing:
Department of the Army ...... ...... ...... 133 ..... 133 323 323 290 290
Department of the Navy ............. 109 109 341 ...... 341 325 ...... 325
Department of the Air Force ............. ....... 98 ...... 98 275 .... 1 275 255 255
Defense agencies .... -9 6 -15 37 13 24 35 15 20
Revolving and management funds:
Department of the Army ..... ___ ......... 18 ..... 18 -3 -3 84 ...... 84
Department of the Navy .... ............................ 66 ...... 66 152 ... 152 219 219
Department of the Air Force ...... ..... ...... 1 1
Defense agencies:
Defense business operations fund ............. -512 -512 1,739 .... 1,739 2,334 2,334
Other .... ...... .................. 4 C 1 4 -11 1 -11 -33 2 -34
Trust funds:
Department of the Army ...... ......
Department of the Navy ..................... ............ 1 *) C 1 6 1 5 15 8 7
Department of the Air Force ... 1 1 *) 7 7 2 2 C I
Defense agencies ... ................. .............. 19 ... 19 47 47 -37 ..... -37
Proprietary receipts from the public:
Department of the Army ...... ............ -6 6 .... 46 -46 186 -186
Department of the Navy 158 -158 ...... 176 -176 -1,886 1,886
Department of the Air Force ............. ...... 7 -7 61 -61 ... 262
Defense agencies ... ................. ......... ..... ...... 12 12 ...... 195 195 -1 1
Intrabudgetary transactions:
Department of the Army ............ ...... ..... -16 ...... -16 24 24 22 22
Department of the Navy ............ ............... 29 ... 29 769 769 678 678
Department of the Air Force ..... 7 7 92 92 128 ...... 128
Defense agencies _. ...................... -20 ... -20 -46 ..... -46 V C
Offsetting governmental receipts:
Department of the Army ................. 9 -9 ..... 9 -9 ...... 2 -2
Defense agencies ...... ..............

Total -Department of Defense-Military ............. 22,083 187 21,896 67,339 509 66,830 59,934 -1,409 61,343







9






Table 5. Outlays of the U.S. Government, December 1996 and Other Periods-Confinued [$ 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 OudaysTR;eceipts Outlays Receipts

Department of Defense-Civil
Corps of Engineers:
Construction, general .... .............................. 82 ...... 82 245 245 295 .... 295
Operation and maintenance, general .... 82 .... 82 301 .... 301 402 402
Other ...... ................ ............... 177 177 505 ...... 505 308 308
Proprietary receipts from the public ...... ..... ...... 8 -8 ...... 38 -38 37 -37
Total-Corps of Engineers ............. ...... ........ 342 8 334 1,051 38 1,013 1,005 37 967

Military retirement:
Payment to military retirement fund ...... ........... ...... 15,151 .... 15,151 10,699 10,699
Military retirement fund ... ....... ..... 2,460 2,460 7,397 ...... 7,397 6,989 6,989
Intrabudgetary transactions .................. ............. ...... ...... -15,151 ... -15,151 -10,699 -10,699
Education benefits ............ ........................ 6 ...... 6 -32 ...... -32 -10 -10
Other ... ........ ............. 7 V 1 6 19 1 18 18 1 17
Proprietary receipts from the public ........... ............. ...... 1 -1 ...... 4 -4 4 -4

Total -Department of Defense-Civil ................... 2,815 10 2,805 8,435 43 8,392 8,002 42 7,960

Department of Education:
Office of Elementary and Secondary Education:
Education for the disadvantaged ........... ...... ....... 534 ...... 534 1,691 ...... 1,691 1,699 .... 1,699
Im pact aid ...... ............ ...... .............. 73 ...... 73 436 ...... 436 73 73
School improvement programs ........ I I ...... ....... 103 1 ..... 103 333 ...... 333 273 ... 273
O ther ........... ......................... ... 46 ...... 46 141 ... 141 60 ...... 60
Total-Office of Elementary and Secondary
Education .... ...... ........................... 757 ..... 757 2,602 ...... 2,602 2,104 ...... 2,104

Office of Bilingual Education and Minority Languages
A ffairs .... ........... ................................ 10 ...... 10 36 ...... 36 27 ... 27
Office of Special Education and Rehabilitative Services:
Special education ................... .................... 293 ..... 293 813 ...... 813 698 ...... 698
Rehabilitation services and disability research ............ 177 .... 177 582 1 ..... 582 548 548
Special institutions for persons with disabilities .......... 9 ...... 9 34 ...... 34 22 ... 22
Office of Vocational and Adult Education .................. 112 ...... 112 433 ...... 433 395 .... 395

Office of Postsecondary Education:
College housing loans ........ __ ......................... V 1 2 -2 V 1 21 -21 .... 22 -22
Student financial assistance ........ ...................... 446 446 1,769 ..... 1,769 1,593 ... 1,593
Higher education ...... ................................ 60 ...... 60 183 ...... 183 161 161
Howard University ............ .......................... 13 ...... 13 39 ..... 1 39 38 ... 38
Federal direct student loan program ............ 21 ...... 21 103 ...... 103 189 ...... 189
Federal family education loans ............... ........ 20 ...... 20 881 ...... 881 340 ...... 340
O ther .......... ...................................... 1 ...... 1 4 ...... 4 1 1
Total-Office of Postsecondary Education ............. 561 2 558 2,970 21 2,949 2,321 22 2,299

Office of Educational Research and Improvement ......... 29 29 100 ...... 100 82 ... 82
Departmental management .. ......... ................... 28 ...... 28 95 ..... 1 95 110 ...... 110
Proprietary receipts from the public ......................... ...... 3 -3 ...... 10 -10 3 -3

Total-Department of Education ........................ 1,975 5 1,970 7,666 30 7,636 6,307 24 6,283

Department of Energy:
Atomic energy defense activities ...................... 977 977 3,256 ..... 3,256 3,332 ..... 3,332

Energy programs:
General science and research activities .......... ....... 86 ...... 86 293 293 279 279
Energy supply. R and D activities ................. ..... 314 ...... 314 854 .... 854 889 ...... 889
Uranium supply and enrichment activities ... ..... 8 ... 8 24 ...... 24 28 ... 28
Fossil energy research and development -, ...... .... 34 ..... 1 34 112 ...... 112 131 ...... 131
Energy conservation .. ...... .......................... 17 ...... 17 102 ...... 102 159 .... 159
Strategic petroleum reserve ............................... 22 ...... 22 64 ...... 64 57 ... 57
C lean coal technology .......................... ..... ...... ...... ...... ..... ...... ......
Nuclear waste disposal fund ...... ......... ...... 13 ...... 13 37 ..... 37 65 .... 65
Uranium enrichment decontamination and
decommissioning fund ......... ...... ..... 13 ..... 13 47 ...... 47 56 56
Other ................ ................ ............ ..... 44 V 1) 44 141 C 141 141 C 1 141
Total-Energy programs ................................ 551 V *) 551 1,674 1,674 1,806 V *) t806

Power Marketing Administration ........................... 140 160 -20 418 424 -7 369 397 -28
Departmental administration ...... ......................... 2 ...... 2 41 ... 41 89 89
Proprietary receipts from the public ..... ............... ... 205 -205 ...... 561 -561 440 -440
Intrabudgetary transactions .. ................ ......... -1 ...... -1 -455 ...... -455 -381 -381
Offsetting governmental receipts ........ ................. .... I ...... ... ...... ...... ...... C I

Total-Department of Energy ............................ 1,669 365 1,304 4,934 995 3,949 5,214 838 4,376

10






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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross applicable
Outlays tic Outlays Ot Outlays
Outlays Receipts Outlays Rpepcaipts utlays Receipts

Department of Health and Human Services:
Public Health Service:
Food and Drug Administration ...... ... ..... 80 C 80 239 1 238 197 1 196
Health Resources and Services Administration ...... 49 ... 49 527 527 541 541
Indian Health Services ... .... .... ............ ... 167 167 833 ... 833 473 473
Centers for Disease Control and Prevention .... ..... 224 224 574 ... 574 446 446
National Institutes of Health .... ............ 1,121 ... 1,121 3,077 3,077 2,760 2,760
Substance Abuse and Mental Health Services
Administration .. .... ........................ 182 ... 182 472 ...... 472 549 549
Agency for Health Care Policy and Research ............ 14 ... 14 44 44 32 32

Total-Public Health Service .. .............. 1,838 C 1.837 5,767 1 5,766 4,999 1 4,998

Health Care Financing Administration:
Grants to States for Medicaid .- ......... 8,279 8.279 23,658 ... 23,658 22,024 22,024
Payments to health care trust funds .... ....... 4,826 4,826 14,504 14.504 11,160 11,160

Federal hospital insurance trust fund:
Benefit payments .... ... ............. 10,871 10,871 33,561 ...... 33,561 29,016 29,016
Administrative expenses .............. .......... ...... 101 101 305 ...... 305 237 237
Quinquennial military service credit adjustment
Total-FHI trust fund ......... _._ ................ 10,972 10 972 33,866 .... 33,866 29,254 29,254

Federal supplementary medical insurance trust fund:
Benefit payments .. .............. 5,777 ... 5,777 18,432 18,432 17,010 17,010
Administrative expenses .... ............. 90 90 341 341 302 ... 302
Total-FSMI trust fund ...... ..... 5,867 ...... 5,867 18,773 18,773 17,312 17.312

Other ............ ....... 62 ..... 62 88 .... 88 144 ... 144

Total-Health Care Financing Administration .... 30,006 ...... 30,006 90,889 .... 90,889 79,893 ..... 79,893

Administration for children and families:
Temporary assistance for needy families ................. 356 356 489 489
Family support payments to States ............... 758 ... 758 3,166 ... 3,166 4,492 ... 4,492
Low income home energy assistance ...... .... 125 ... 125 270 ... 270 215 215
Refugee and entrant assistance ......... __ ... 42 42 104 104 75 75
Payments to States for the job opportunities and basic
skills training program .... ____ ... __ .............. 51 ...... 51 148 148 215 215
Child care entitlement to States ........... 146 146 146 146 ......
Payments to States for the child care and development
block grant ....... -6 -6 219 219 262 262
Social services block grant ....... 296 296 644 .... 644 599 599
Children and families services programs ........ 422 ...... 422 1,300 1300 1,225 1,225
Payments to States for foster care and adoption
assistance ..... ............. 352 .... 352 888 ... 888 895 895
O ther ... ..... ........ .................. ............ 15 15 52 52 26 .... 26
Total-Administration for children and families ... 2,557 ... 2,557 7,427 ...... 7,427 8,006 8,006

Administration on aging ...... ....... 59 59 205 ..' ... 205 172 172
Other .. ...... ............ ............. -106 ... -106 126 ...... 126 158 158
Proprietary receipts from the public 1,674 -1,674 ..... 4,997 -4,997 5,053 -5.053
Intrabudgetary transactions:
Payments for health insurance for the aged:
Federal hospital insurance trust I und .... ...... ...... ..... ...
Federal supplementary medical insurance trust fund -4,826 -4,826 -14,504 -14,504 -11,170 -11,170
Payments for tax and other credits:
Federal hospital insurance trust fund ........ 10 ..... 10
Quinquennial adjustment for military service credits
fro m F H I ........ .............. .................

Total-Department of Health and Human Services 29,528 1,674 27,854 89,910 4,998 84,913 82,068 5,054 77,013














11






Table 5. Outlays of the U.S. Government, December 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 JApplicabl Outlays
Outlays I Receipts Outlays Receipts Dull Receipts

Department of Housing and Urban Development:
Housing programs:
Public enterprise funds ................ ......... 7 4 2 23 14 9 39 23 17
Credit accounts:
Federal housing administration fund ...... 376 890 -514 3,701 4,208 -507 2,650 3,592 -942
Housing for the elderly or handicapped fund ..... 4 67 -63 283 175 108 253 125 128
O ther ..... ...................... ............. ....... 69 ...... 69 204 .... 204 156 ..... 156
Rent supplement payments ............. ................. 5 ...... 5 14 ...... 14 14 .... 14
Homeownership assistance .... ...... .............. 7 ...... 7 22 ...... 22 27 ...... 27
Rental housing assistance ........ ............. ....... 53 ..... 53 164 1 ..... 164 160 .., ... 160
Rental housing development grants ... ................ ... .... ...... ...... ...... .... I ..... ......
Low-rent public housing ... ............... __ ....... 62 62 304 ...... 304 308 ... 308
Public housing grants ..... ........................... ... 295 ...... 295 958 ...... 958 1,030 ..... 1,030
College housing grants ................ ...... 2 ..... 2 5 .... I 5 5 5
Lower income housing assistance ... ......... .......... 577 ...... 577 3,710 ...... 3,710 1,739 ... 1,739
Section 8 contract renewals ................ .......... 69 ..... 1 69 195 .... I 195 989 ..... 989
O ther ........ .............................................. 44 ...... 44 128 ...... 128 75 75
Total-Housing programs ............. ................. 1,569 961 608 9,712 4,396 5,317 7,"5 3,740 3,705

Public and Indian Housing programs:
Low-rent public housing-Loans and other expenses ... 6 C 5 234 174 61 230 186 44
Payments for operation of low-income housing
projects .. ................ ............................. 207 207 662 ...... 662 676 ...... 676
Community Partnerships Against Crime .................. 26 ...... 26 67 ... 67 55 ... 55
O ther ... ............... ......... ................ ........ 17 ...... 17 52 ...... 52 20 20
Total-Public and Indian Housing programs ......... 255 255 1,015 174 841 981 186 795

Government National Mortgage Association:
Management and liquidating functions fund .............. .... ...... .... ...... ...... ......
Guarantees of mortgage-backed securities ............... 11 43 -32 64 181 -117 49 181 -132
Total-Government National Mortgage Association 11 43 -32 64 181 -117 49 181 -132

Community Planning and Development:
Community Development Grants ....... .................. 383 ... 383 1,189 1,189 1,215 ...... 1,215
Home investment partnerships program .................. 102 ... 102 305 ..... 305 298 ..... 298
Other ....................................................... 28 9 19 84 28 56 89 27 61
Total-Community Planning and Development .... .... 513 9 504 1,578 28 1,550 1,601 27 1,574

Management and Administration ................... ........ 79 ..... 79 273 ...... 273 229 .... 229
O ther ..... ............... ................................ 2 ...... 2 15 .... I 15 11 ...... 11
Proprietary receipts from the public ......................... ...... 21 -21 ...... 37 -37 ...... 44 -44
Offsetting governmental receipts ............................ ...... V V ...... 8 -8 ...... ...... ......

Total-Department of Housing and Urban
Development ............................................. 2,429 1,034 1,395 12,657 4,824 7,834 10,316 4,178 6,138

Department of the Interior:
Land and minerals management:
Bureau of Land Management:
Management of lands and resources .......... ....... 57 ...... 57 143 ...... 143 146 ...... 146
O ther ................................................ .... 40 ...... 40 130 ...... 130 71 I .... 71
Minerals Management Service ....................... .... 48 ...... 48 173 ...... 173 122 ...... 122
Office of Surface Mining Reclamation and
Enforcem ent ........ ...................... ...... ....... 18 ...... 18 100 ...... 100 114 ..... 114
Total-Land and minerals management ................ 164 ...... 164 547 ..... 547 453 ...... 453

Water and science:
Bureau of Reclamation:
Construction program ................................... 22 ..... 22 84 ...... 84 64 ..... 64
Operation and maintenance ............ I ...... ......... 13 ...... 13 54 ...... 54 56 .... 56
Other ... ........................... .................. 30 13 17 112 23 89 88 30 58
United States Geological Survey ...... ................... 58 ...... 58 174 ...... 174 126 126
O ther ....................................................... 24 ... 24 32 ...... 32 39 6 33
Total-Water and science .............................. 147 13 134 456 23 433 373 36 337

Fish and wildlife and parks:
United States Fish and Wildlife Service .............. 97 ...... 97 293 ...... 293 294 .... 294
National Park Service ...................................... 159 ...... 159 393 .... 393 327 ...... 327
Total-Fish and wildlife and parks ..................... 256 ... 256 686 ...... 686 621 .... 621




12






Table 5. Outlays of the U.S. Government, December 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 Applicable Outlays
Outlays Receipts Outlays Receipts Outlays Receipts

Department of the Interior.-Continued
Bureau of Indian Affairs:
Operation of Indian programs ........ ......... .... 166 166 436 ... 436 292 292
Indian tribal funds ........ ............ ... 82 82 115 ... 115 75 75
Other ..... ...... ........ _,__ ... ........ 19 1 19 122 1 121 72 4 68
Total-Bureau of Indian Affairs ............. ...... 267 1 266 674 1 673 440 4 436

Insular affairs ... ............. .................. 26 ... 26 162 ...... 162 128 ... 128
Other departmental offices ....... .................... -20 ..... -20 50 50 31 ... 31
Proprietary receipts from the public ... ........ ...... ...... 154 -154 479 -479 337 -337
Intrabudgetary transactions ... __ ......... ............ -57 ... -57 -138 ...... -138 -52 -52
Offsetting governmental receipts ............................ ...... C *) C *) I ... I C 1) C *) ......

Total-Department of the Interior ....................... 782 167 615 2,437 503 1,933 1,994 377 1,617

Department of Justice:
General Administration:
Community Oriented Policing Services .............. 28 ...... 28 93 93 40 ... 40
O ther ........ ........................................... -25 ...... -25 151 ... 151 69 ... 69
Legal activities .................. ....... ......... 159 ..... 159 546 ... 546 577 ... 577
Federal Bureau of Investigation ... ........ ........ ...... 213 ...... 213 667 667 513 513
Drug Enforcement Administration .... ............. 92 ...... 92 247 ...... 247 185 ...... 185
Immigration and Naturalization Service ............. ........ 212 .... 212 629 629 434 ... 434
Federal Prison System .. .... ....... ........ .... 260 13 247 779 42 738 762 33 729
Office of Justice Programs .......... ............. 219 219 340 ... 340 219 ...... 219
O ther ............................. ........ ......... 47 ...... 47 96 ..... 1 96 33 .... 33
Intrabudgetary transactions .............. .................. -7 ...... -7 -10 ...... -10 -8 -8
Offsetting governmental receipts ............................ ...... 45 -45 ..... 173 -173 ...... 159 -159
Total-Department of Justice ........................... 1,198 58 1,141 3,538 215 3,323 2,824 192 2,632

Department of Labor:
Employment and Training Administration:
Training and employment services ........................ 313 ...... 313 987 987 1,011 ..... 1,011
Community Service Employment for Older Americans ... 39 ...... 39 96 96 92 92
Federal unemployment benefits and allowances ... ... 25 25 78 ... 78 74 ..... 74
State unemployment insurance and employment service
operations .......... ............... ............ -19 ...... -19 30 ... 30 44 44
Advances to the unemployment trust fund and other
fund s ..... ............................................ ..... ...... ... 15 ...... 15 ..... ...... ....

Unemployment trust fund:
Federal-State unemployment insurance:
State unemployment benefits ............. ... 1,834 ...... 1,834 4,717 4,717 4,906 ...... 4,906
State administrative expenses .............. ......... 285 ...... 285 818 ..... 818 800 ...... 800
Federal administrative expenses ...................... 18 ... ... 18 25 ... 25 18 ...... 18
Veterans employment and training ... ............ 17 ...... 17 43 ..... 43 38 ... 38
Repayment of advances from the general fund ..... ...... ..... ......
O ther .... ................... ............ ........ C I ..... C *) C ...... ...... C I
Total-Unemployment trust fund ..................... 2,153 ... 2,153 5,604 ... 5,604 5,763 ... 5,763

O ther ............... ....................................... 12 .... 1 12 24 ...... 24 18 ...... 18

Total-Employment and Training Administration ....... 2,524 ...... 2,524 6,834 ...... 6,834 7,002 ... 7,002

Pension Benefit Guaranty Corporation .... ........ ... 81 28 53 238 246 -8 247 1 246
Employment Standards Administration:
Salaries and expenses ... ... 33 33 72 72 47 47
Special benefits ... .... .................... ....... ..... -16 ...... -16 -491 .... -491 199 ...... 199
Black lung disability trust fund ............................ 43 43 132 132 133 133
O ther .. .... ............................ ....... ........ 11 ...... 11 43 43 40 ..... 40
Occupational Safety and Health Administration ... .... 33 33 80 80 62 ... 62
Bureau of Labor Statistics .... ..... __ .............. 14 ...... 14 62 ..... 62 50 ... 50
Other .............. ......................... .......... 63 63 131 131 109 .... 109
Proprietary receipts from the public ...................... ... ". 3 -3 4 -4 -1
Intrabudgetary transactions ...... ........ .... -47 ...... -47 -179 -179 -140 .... -140

Total-Department of Labor ............................. 2,738 31 2,707 6,922 250 6,672 7,749 1 7,748









13






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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicabtel Gros Applicable
Outlays )utlays is Outlays
Outlays Receipts Outlays Receipts Outlavs] Receipts

Department of State:
Administration of Foreign Affairs:
Diplomatic and consular programs ..... .... 87 87 262 ..... 262 426 426
Acquisition and maintenance of buildings abroad ....... 78 .... 78 273 ... 273 145 145
Payment to Foreign Service retirement and disability
fund .... ...... ...... ...... ...... ...... 126 126 25 ...... 25
Foreign Service retirement and disability fund ......... 40 ...... 40 120 ..... 120 112 112
Other ....... ............ 64 .... I 64 173 ... 173 94 94
Total-Administration of Foreign Affairs ... ...... 268 ...... 268 954 I .... 954 803 803

International organizations and Conferences ...... ...... 440 ... 440 729 .... 729 315 ..... 315
Migration and refugee assistance ... ... 170 ...... 170 275 .... 275 169 ...... 169
Other .. ............. ........ 9 ... 9 64 .... 64 58 .... 58
Proprietary receipts from the public ... ... ............ ...... ... ... ...... ... ... .....
Intrabudgetary transactions ...... ...... ...... -44 -44 -178 ... -178 -34 -34
Offsetting governmental receipts .. ............ ............ ...... ...... ... ...... ... ... ... .... ......

Total -Department of State .............................. 843 ...... 80 1,844 ...... 1,844 1,311 ...... 1,311

Department of Transportation:
Federal Highway Administration:
Highway trust fund:
Federal-aid highways ................................. 1,479 ... 1,479 5,251 ...... 5,251 4,953 ... 4,953
O ther ... ......................................... ....... 11 11 44 ...... 44 43 ... 43
Other program s .... ........................... ....... 19 ...... 19 57 ...... 57 71 .... 1. 71
Total-Federal Highway Administration ................. 1,510 ... 1,510 5,352 ...... 5,352 5,067 ...... 5,067

National Highway Traffic Safety Administration ............. V 52 52 76 ...... 76

Federal Railroad Administration:
Grants to National Railroad Passenger Corporation 2 ... 2 239 ..... 239 308 308
Other ..................... ........ ...... ................. 38 1 38 96 2 93 60 3 58
Total-Federal Railroad Administration ................. 40 1 40 334 2 332 368 3 366

Federal Transit Administration:
Formula grants ............................................. -254 ..... -254 126 ...... 126 444 ...... 444
Discretionary grants .......... ............................ 199 ... 199 595 ...... 595 541 ..... 541
Trust fund share of expenses ..... ..................... 415 ...... 415 415 ...... 415 ... ...... ......
Other ................ ......... ..................... 49 .... 49 107 ...... 107 65 ...... 65
Total-Federal Transit Administration ............... 408 ..... 408 1,243 ... 1,243 1,050 ... 1,050

Federal Aviation Administration:
Operations ............................. ................. 84 ... 84 900 .... 900 1,035 1,035

Airport and airway trust fund:
Grants-in-aid for airports ...... ........................ 135 ...... 135 433 ..... 433 427 ...... 427
Facilities and equipment .................... ....... 219 ...... 219 544 ... 544 529 I .... 529
Research, engineering and development ... ........... 15 ...... 15 44 ... 44 51 ...... 51
Trust fund share of operations ... ......... ........... 411 .... 411 411 ... 411 V I ...... V *)
Total-Airport and airway trust fund ................ 779 ...... 779 1,431 ... 1,431 1,007 ...... 1,007

Other ............... ....................................... -2 -2 -2 -2 C I 1 1

Total-Federal Aviation Administration ................. 861 861 2,329 2,329 2,043 1 2,042

Coast Guard:
Operating expenses .. ............ ......... .............. 188 .... 188 673 ... 673 611 ...... 611
Acquisition, construction, and improvements ............. 27 27 75 ... 75 91 ..... 91
Retired pay ........ ................... ........... 46 .... 46 154 ... 154 133 ...... 133
Other ...... ... ............... ......... ...... .... 29 C 1 29 54 1 53 15 1 14
Total-Coast Guard .. ............ ......... 290 290 957 1 955 849 1 848

Maritime Administration ............... ................... 75 3 72 170 80 90 128 39 90
Other ........ ........................................ 50 1 50 107 2 105 40 1 39
Proprietary receipts from the public ......................... ...... C ...... 1 -1 ... 1 -1
Intrabudgetary transactions ........ .......... .............. ...... C C *) C *) ..... C *)
Offsetting governmental receipts .. ..................... ... ... 6 -6 18 -18 ... 19 -19

Total-Department of Transportation ................... 3,235 11 3,224 10,544 104 10,440 9,623 65 9,558






14






Table 5. Outlays of the U.S. Government, December 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 Applicable Outlays
Outlays Receipts Outlays Receipts Outlays Receipts

Department of the Treasury:
Departmental offices:
Exchange stabilization fund ......... -79 55 -134 -141 159 -299 -324 22 -346
Other 38 38 103 103 109 ... 109

Financial Management Service:
Salaries and expenses ... ......... 13 13 48 ... 48 52 52
Payment to the Resolution Funding Corporation .... .... 587 587 587 ... 587
Claims, judgements, and relief acts ...... __ .... ... 115 ...... 115 233 233 105 105
Net interest paid to loan guarantee financing accounts C *) ... C 1 27 ... 27 36 36
O ther ..... .......... ..................... 6 6 18 18 28 28
Total-Financial Management Service .... 134 .... 134 912 .... 912 808 808

Federal Financing Bank ............. .... ........ 555 ... 555 332 ...... 332 336 .... 336
Bureau of Alcohol, Tobacco and Firearms:
Salaries and expenses .... ............ ............ 24 .... 24 97 ...... 97 49 ... 49
Internal revenue collections for Puerto Rico 21 ...... 21 57 57 60 ... 60
United States Customs Service 123 123 461 461 413 413
Bureau of Engraving and Printing ...... -10 ... -10 -33 -33 2 2
United States Mint .......... ................. 36 95 -58 101 295 -194 77 217 -140
Bureau of the Public Debt ................. 44 ... 44 71 ...... 71 73 ...... 73

Internal Revenue Service:
Processing, assistance, and management ..... 138 ...... 138 343 .... 343 277 277
Tax law enforcement ......... 332 r .... 332 932 ...... 932 884 ..... 884
Information systems I ... I ... ........... ........... 79 ... 79 253 ... 253 310 ... 310
Payment where earned income credit exceeds liability
for tax ......... ............... 66 ...... 66 1253 253 203 ..... 203
Refunding internal revenue collections, interest ..... __ 225 ...... 225 730 .... 730 575 .... 575
Other .... ....... .......... -1 C I C 1 -1 C -1 C I C *)
Total-Internal Revenue Service ............ ......... 838 C *) 839 2,509 C 2,510 2,248 ...... 2,248

United States Secret Service ........... 38 ...... 38 152 ...... 152 122 .... 122
Comptroller of the Currency ...................... 29 3 27 82 6 76 87 6 82
Office of Thrift Supervison ... 10 3 7 35 5 29 52 4 48

Interest on the public debt
Public issues (accrual basis) ...... ....... .......... 20,728 20,728 61,546 ...... 61,546 60,832 .... 60,832
Special issues (cash basis) ........... ........ 43,265 ... 43,265 50,716 ..... 50,716 47,481 ...... 47,481
Total-interest on the public debt ... ........... ... 63,993 ...... 63,993 112,263 ... 112,263 108,313 ... 108,313

O ther ... ...... ............... ......... 6 ...... 6 26 ... 26 24 ...... 24
Proprietary receipts from the public ...... 455 -455 ...... 840 -840 ...... 973 -973
Intrabudgetary transactions ...................... -808 ...... -808 -1,935 -1,935 -2,554 ... -2,554
Offsetting governmental receipts ......... 78 -78 ...... 321 -321 ..... 299 -299

Total-Department of the Treasury ..................... 64,993 689 64,304 115,092 1,626 113,466 109,895 1,521 108,375






























15





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

This Month Current Fiscal Year to Date Prior Final Year to Daft
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Outlays Ot Outlays
Outlays Receipts Outlays Receipts outlays Receipts

Department of Veterans Affairs:
Veterans Health Administration:
Medical care .... ............... ............. 1.251 .... 1,251 4,234 4,234 3,642 ...... 3,642
Other ... ...... .............. ............... 63 20 43 168 50 117 154 52 102

Veterans Benefits Administration:
Public enterprise funds:
Guaranty and indemnity fund ........... ........ 20 66 -46 319 184 135 305 130 176
Loan guaranty revolving fund ..... ..................... -43 25 -68 65 75 -11 215 85 130
Other .... ... ........ ................ 8 26 -18 31 34 -3 31 38 -7
Compensation and pensions ...... ...... ................ 1,620 ...... 1,620 6,177 ...... 6,177 4,500 ... 4,500
Readjustment benefits ........ ......... ...... 143 ...... 143 391 ...... 391 336 .... 336
Post-Vietnam era veterans education account ........... 4 ... 4 13 .... 13 11
Insurance funds:
National service life ................................. 96 ... 96 267 267 255 ...... 255
United States government life .......................... 1 ...... 1 4 4 4 4
Veterans special life ........... .................. 11 75 -64 30 81 -51 28 81 -53
O ther ........................... ...... 1 ...... 1 11 ...... 11 -5 5
Total-Veterans Benefits Administration ..... ........ 1,862 193 1,668 7,285 374 6,911 5,680 333 5,347

Construction ................ ............................. 54 ...... 54 159 ...... 159 163 V 1 163
Departmental administration ........ ...................... 123 ...... 123 393 ... 393 271 ...... 271
Proprietary receipts from the public:
National service life ..... ........ ........................ ...... 13 -13 ...... 55 -55 ...... 53 -53
United States government life ................. ...... ...... C *) V *) V *) V *) I .... V *) V *)
O ther .................... ................... .............. ...... 52 52 ..... 171 171 ...... 169 169
Intrabudgetary transactions .................................. ...... V 1 -1 ... ... -1 -4 ...... -4

Total-Department of Veterans Affairs ................. 3,352 279 3,074 12,238 650 11,588 9,906 608 9,297

Environmental Protection Agency:
Program and research operations ........................... V V 1 39 ...... 39
Environmental programs and management .................. 184 ... 184 452 ..... 452 395 ...... 395
State and tribal assistance grants ...... ........... .... 260 ...... 260 646 ...... 646 617 ... 617
Hazardous substance superfund ........... .......... 164 ...... 164 374 ..... 374 309 ...... 309
Other ................... ................................... 305 305 373 373 145 V *) 145
Proprietary receipts from the public ......................... ...... 6 -6 ...... 37 -37 46 -46
Intrabudgetary transactions ......................... ..... -250 ...... -250 -250 ...... -250 ... ...... ......
Offsetting governmental receipts ............................ ...... 1 -1 ...... 2 -2 ...... 2 -2
Total-Environmental Protection Agency ............... 662 6 655 1,594 40 1,554 1,505 47 1,458

General Services Administration:
Real property activities .............. ....................... 512 ...... 512 150 ...... 150 1,134 ...... 1,134
Supply and technology activities ............................ -2 ...... -2 -71 .... -71 -61 .... -61
Information Technology Service ............ ............. 56 ... 56 27 ..... 27 59 ...... 59
O ther .... ....... ........ .................... ........ 45 ...... 45 103 ...... 103 80 ...... 80
Proprietary receipts from the public ......................... 1 -1 ...... 2 -2 ...... 7 -7
Total-General Services Administration ................ 611 1 610 209 2 208 1,212 7 1,205

National Aeronautics and Space Administration:
Human space flight .. .................................. .... 504 ..... 504 1,414 ...... 1,414 1,333 ...... 1,333
Science, aeronautics and technology ...... ........... 475 ...... 475 1,484 ... 1,484 991 ...... 991
Mission support .. ............................... ........... 264 ... 264 649 649 492 ...... 492
Research and development ... .............................. 15 ...... 15 26 ...... 26 207 ...... 207
Space flight, control and data communications ............. 1 ...... 1 6 6 124 ...... 124
Construction of facilities ..................................... 14 ...... 14 44 ..... 44 67 ...... 67
Research and program management .................. V *) ...... 2 .... 2 2 ..... 2
O ther ............ ...... ........... ....... 3 ...... 3 5 ...... 5 3 ...... 3
Total-National Aeronautics and Space
Administration ............................................ 1,275 ...... 1,275 3,627 ...... 3,627 3,220 ...... 3,220

Office of Personnel Management:
Government payment for annuitants, employees health
and life insurance benefits ......................... 363 ... 363 1,044 ...... 1,044 725 ...... 725
Payment to civil service retirement and disability fund ..... ...... ...... ... ..... ...... .... I ......
Civil service retirement and disability fund .................. 3,378 ...... 3,378 10,076 ... 10,076 9,780 ...... 9,780
Employees life insurance fund ......... .................... 290 169 121 572 733 -161 541 676 -135
Employees and retired employees health benefits fund .... 1,310 1,249 61 4,083 3,926 157 3,925 3,706 218
O ther ............ .............. ........................... 29 ...... 29 76 .... 76 13 ...... 13
Intrabudgetary transactions:
Civil service retirement and disability fund:
G eneral fund contributions ... ........... .............. ...... ...... ... ...... ...... ...... ...... ......
O ther .. ......... ........................................ 2 2 7 ..... 1 7 -7 ..... 7
Total-Office of Personnel Management ............... 5,368 1,418 3,950 15,945 4,659 11,185 14,952 4,382 10,STO

16






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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Applicable Outlays Gross Applica7be Outlays
Gross Applicable Outlays Gross
Outlays Receipts Jippf'iei l s Outlays Receipts

Small Business Administration:
Public enterprise funds:
Business loan fund ... .... ................. .... -108 54 -162 -40 129 -169 248 96 152
Disaster loan fund ..... .......... ........... 49 24 25 89 73 16 158 90 69
Other ... ...... ...... C *) 1 -1 3 3 C *) 3 4 -1
O ther .................... .................. 37 ..... 37 117 C *) 117 ill C *) 110
Total-Small Business Administration .................. -22 78 -101 168 204 -36 520 190 331

Social Security Administration:
Payments to Social Security trust funds ................... 22 22 1.716 1,716 979 .... 979
Special benefits for disabled coal miners ... ......... ..... 53 ...... 53 159 .... 159 170 170
Supplemental security income program ....... ............. 2,436 2,436 9,237 ...... 9,237 6,592 6,592
Office of the Inspector General ............ .............. C I ..... C -1 2 2

Federal old-age and survivors insurance trust fund (offbudget):
Benefit payments ........ ................................. 25,597 ..... 25,597 76,271 76,271 73,376 .... 73,376
Administrative expenses .. ......... ........ .............. 152 ... 152 530 530 516 516
Payment to railroad retirement account ..... ....... ...... ...... ...... ......
Quinquennial military service credit adjustment ........... ...... ...... .... 129 ..... 129
Total-FOASI trust fund ................................ 25,749 25,749 76,800 ...... 76,800 74,021 74,021

Federal disability insurance trust fund (off-budget):
Benefit payments ... ..................... ................ 3,711 ...... 3,711 11,262 ...... 11,262 10,339 10,339
Administrative expenses .... ......... ........ ..... 99 ...... 99 308 308 222 222
Paym ent to railroad retirement account .................. ..... ...... ...... ...... ..... ...... ....
Quinquennial military service credit adjustment .... ...... ...... ...... ... ...... 203 ... 203
Total- FDI trust fund ............................. ..... 3,810 ...... 3,810 11,570 ...... 11,570 10,764 10,764

Proprietary receipts from the public:
On-budget ......... ....................... 183 -183 ...... 189 -189 83 -83
Off-budget ... ......... ...... ........................ ...... C C ...... C I C I ..... C C
Intrabudgetary transactions:
On-budget:
Quinquennial Adjustment for Military Service
Credits from FOASI and FDI: .... .................. ...... ... ...... ...... -332 -332
Off-budget2 ...... ......... ............. ............... -22 ...... -22 -1,716 ...... -1,716 -979 ...... -979
Total-Social Security Administration ................... 32,048 183 31,865 97,766 190 97,577 91,216 84 91,133

Other independent agencies:
Appalachian Regional Commission ........... .............. 17 1 16 54 1 54 43 43
Corporation for National and Community Service .... ... 56 ...... 56 150 .... 150 91 .... 91
Corporation for Public Broadcasting ........ ............... ...... .... ...... 260 ...... 260 275 275
District of Columbia:
Federal paym ent ......... ................... ... ...... .... ...... 719 ..... 719 379 379
O ther ....... ......... ....... ................ ............ ...... ...... 5 12 8 1 12 13
Equal Employment Opportunity Commission ................ 23 C 1 23 62 C *) 62 44 C *) 44
Export-Import Bank of the United States .... ........... 68 164 -95 -18 192 -209 134 322 -188
Federal Communications Commission ......... ............. 96 2 93 291 8 283 387 7 380

Federal Deposit Insurance Corporation:
Bank insurance fund ...... ......... ....... ... 42 393 -351 352 856 -504 271 930 -659
Savings association insurance fund ....................... 20 -31 51 29 4,497 -4,468 4 140 -136
FSLIC resolution fund:
Resolution trust corporation closeout ........ .... 43 364 -321 219 1,635 -1,416 256 3,236 -2,980
Other ..... ...... ........................... ....... 19 75 -56 35 145 -110 738 315 423
Affordable housing and bank enterprise ... .............. C 1) ... C *) C I C *) 1 ...... 1
Total-Federal Deposit Insurance Corporation ............ 124 802 -678 635 7,133 -6,498 1,270 4,622 -3,352

Federal Emergency Management Agency:
Public enterprise funds ................. ............. 82 23 59 263 70 193 204 75 129
Disaster relief .............................................. 173 ... 173 685 ... 685 477 ... 477
Emergency management planning and assistance ...... 21 ... 21 32 32 60 60
Other ....... ......... ........ 41 41 70 70 34 34
Federal Trade Commission ............................... 7 7 20 ...... 20 21 ... 21
Legal Services Corporation ........ ......... ............. 46 ... 46 70 ... 70 28 ..... 28
National Archives and Records Administration ............. 20 C 20 41 C 41 29 C 1 29
National Credit Union Administration:
Credit union share insurance fund ...................... 6 38 -32 101 42 60 90 26 65
Central liquidity facility ........ ........ .... ...... ..... ... ...... .... I 1 1 .... ...
O ther ..... ........... ..................................... 3 C 1 3 12 2 10 10 1 8



17






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

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gros's Applicable
Outlays Outlays Ot outlays
Outlays Receipts Outlays I Receipts uttays I Receipts

Other independent agencies:-Continued
National Endowment for the Arts .. ......... ........... 8 ...... 8 26 26 25 ...... 25
National Endowment for the Humanities ..... .......... ... 10 ..... 10 31 ..... 31 31 31
National Labor Relations Board ............. ........ 12 ...... 12 41 41 34 ...... 34
National Science Foundation .......... ......... 229 .... 229 704 704 675 675
Nuclear Regulatory Commission ... 45 5 40 132 106 26 112 118 -6
Panama Canal Commission ............. ....... 56 56 V 1) 168 157 11 153 160 -7
Postal Service:
Public enterprise funds (off-budget) ..... ........ 5,334 35,486 -152 14,870 15,023 -154 13,783 14,442 -659
Payment to the Postal Service fund ..................... ... ...... ...... 57 ...... 57 58 ... 58

Railroad Retirement Board:
Federal windfall subsidy ........................... ....... 18 .... 18 56 ...... 56 60 .... 60
Federal payments to the railroad retirement accounts ... C ...... C 63 ... 63 41 ...... 41
Railroad unemployment insurance trust fund:
Benefit payments ... ................. 7 ...... 7 17 ..... 17 16 ...... 16
Administrative expenses .................. ........ ...... V 1 1 1 4 ..... 4
Rail industry pension fund:
Benefit payments ........................................ 240 ...... 240 715 ... 715 701 ... 701
Advances from FOASDI fund ........ ....... ... -93 -93 -275 ...... -275 -274 ...... -274
OASDI certifications .. ........................... 92 ... 92 275 ..... 275 275 ...... 275
Administrative expenses ................................. 7 7 22 ..... 22 16 ..... 16
Interest on refunds of taxes .. ...................... ... ...... ...... ...... V I ...... V 8 ...... 8
O ther ......... ..................................... ...... V 1 1 ...... 1
Intrabudgetary transactions:
Payments from other funds to the railroad
retirem ent trust funds .............. ......... ...... ...... ...... ...... ...... ...... ... ...... ......
O ther .. ... ................ ....................... ...... ...... ...... -63 ...... 63 -41 ... 41
Supplemental annuity pension fund:
Benefit paym ents ............. ............ ......... 7 ...... 7 21 ...... 21 22 ...... 22
Interest on refund of taxes ............................. ...... ...... ...... C I ...... V I V I ..... V I
Railroad Social Security equivalent benefit account:
Benefit payments ........................................ 407 ...... 407 1,232 ...... 1,232 1,222 ...... 1,222
Interest on refund of taxes ... ................ ...... ... ...... ... ... C I .... C 1 9 ...... 9
Other ........... .............................. ......... ( ) ...... V I V I ...... V I V I V I
Total-Railroad Retirement Board ..... ................ 685 ...... 685 2,064 ...... 2,064 2,061 2,061

Oversight Board ...... ............... ...... ................ V I ..... I V I V *) ..... I V 1 557 ...... 557
Securities and Exchange Commission ...................... 9 ...... 9 19 ...... 19 -6 ...... -6
Sm ithsonian Institution ....................................... 27 .... 1. 27 53 ...... 53 87 ...... 87
Tennessee Valley Authority .................................. 801 724 77 2,489 2,362 127 2,492 2,088 405
United States Enrichment Corporation Fund ................ 253 104 149 513 465 48 322 363 -41
United States Information Agency ........................... 105 ...... 105 318 V 1 318 293 ...... 293
Other ....... ............. ............................. 263 6 257 421 18 403 235 94 141

Total-Other independent agencies .................... 8,620 7,411 1,209 25,358 25,591 -233 24,486 22,330 2,155

Undistributed offsetting receipts:
O ther interest ......................... ................... ...... 3 -3 ...... V I V

Employer share, employee retirement:
Legislative Branch:
United States Tax Court:
Tax court judges survivors annuity fund ... ........ ...... ...... ...... ...... ...... ... ...... ...... ......
The Judiciary:
Judicial survivors annuity fund ........ ................. ...... ...... ...... ...... ...... ...... ...... ......
Department of Defense-Civil:
Military retirement fund ......... ............. .... -922 ... -922 -2,733 -2,733 -2,749 ...... -2,749
Department of Health and Human Services:
Federal hospital insurance trust fund:
Federal employer contributions ....................... -152 ...... -152 -456 ...... -456 -515 .... -515
Postal Service employer contributions ............ -51 1 .... -51 -153 ... -153 -99 ...... -99
Payments for military service credits ................ ...... ...... ..... ...... .... ...... ......
Department of State:
Foreign Service retirement and disability fund ......... -9 ...... -9 -26 ...... -26 -25 ...... -25
Office of Personnel Management:
Civil service retirement and disability fund ............. -840 ...... -840 -2,639 ...... -2,639 -2,516 ...... -2,516
Social Security administration (off-budget):
Federal old-age and survivors insurance trust fund:
Federal employer contributions .................... -405 ... -405 -1,214 ...... -1,214 -1,210 .... -1,210
Payments for military service credits ......... .... ..... ... ...... .... ...... ......
Federal disability insurance trust fund:
Federal employer contributions ....................... -72 ...... -72 -217 ...... -217 -216 .... -216
Payments for military service credits ..... ......... ... ...... ... ...... ...... ...... ......
Independent agencies:
Court of veterans appeals retirement fund .. .......... .... ...... .... ..... ... V I V I
Total-Employer share, employee retirement -2,451 ...... -2,451 -7,438 ... -7,438 -7,331 .... -7,331

18






Table 5. Outlays of the U.S. Government, December 1996 and Other Periods-Cwtinued [$ 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 I Receipts Outlays Receipts

Undistributed offsetting receipts:-Continued
Interest received by trust funds:
The Judiciary:
Judicial survivors annuity fund ....... ........... -1 -5 -5 -6
Department of Defense-Civil:
Corps of Engineers ... .... ............ ...... -1 -3 -3 -2 2
Military retirement fund ........... 28 28 -5,206 -5.206 -5,295 -5,295
Education benefits fund ... ....... ................ -1 -1 -12 -12 -13 ....
Soldiers' and airmen's home permanent fund ......... C C I C
Other ... ................... ........... C ...... C I C C I C C
Department of Health and Human Services:
Federal hospital insurance trust fund ......... ...... -4,767 ...... -4,767 -4,881 ... -4,881 -5,174 ...... -5,174
Federal supplementary medical insurance trust fund -931 .... -931 -968 ...... -968 -549 549
Department of Labor:
Unemployment trust fund ..... .............. -1,727 -1,727 -1,807 .... -1,807 -1,666 --1,666
Department of State:
Foreign Service retirement and disability fund ....... -328 ...... -328 -329 -329 -312 ...... 312
Department of Transportation:
Highway trust fund ...... ........ ....... -555 ... -555 -664 .... -664 -582 -582
Airport and airway trust fund .... ....... -241 .... -241 -254 ...... -254 -385 ... -385
Oil spill liability trust fund C I ...... C 1 -3 ...... -3 -2 -2
Department of Veterans Affairs:
National service life insurance fund ... -502 ...... -502 -508 ... -508 -525 -525
United States government life Insurance Fund .... -3 -3 -3 ...... -3 -4 -4
Environmental Protection Agency ..... ................... C ...... C V .... I C C C
National Aeronautics and Space Administration ... ...... C C C ...... C C C
Office of Personnel Management:
Civil service retirement and disability fund ............. -14,794 -14,794 -14,888 ...... -14,888 -14,082 ...... -14.082
Social Security administration (off-budget):
Federal old-age and survivors insurance trust fund ... -18,066 ...... -18,066 -18,185 ...... -18,185 -16,505 ...... -16,505
Federal disability insurance trust fund ....... ........ -1,604 .... -1,604 -1,623 ...... -1,623 -1,093 ...... -1,093
Independent agencies:
Railroad Retirement Board .............. ........ -29 ... -29 -352 .... -352 -438 -438
Other .. ... ........ ........ 5 5 V I .... C *) -8 -8
Other ................ ....................... -7 ... -7 -34 ...... -34 25 25
Total-Interest received by trust funds .... ....... -43,522 -43,522 -49,725 .... -49,725 -46,617 ... -46,617

Rents and royalties on the outer continental shelf lands .. ... 762 -762 ...... 1,187 -1,187 ...... 682 -682
Sale of m ajor assets ............ ... ... .... I I ...... I .... ...... .... ....
Spectrum auction proceeds ......................... ........ ...... 3,627 -3,627 ...... 3,627 -3,627 ......

Total-Undistributed offsetting receipts ................ -45,974 4,389 -50,362 -57,163 4A17 -1",11179 -53,948 682 -54,630

Total outlays ................................................. 149,941 20,815 129,126 464,224 59,456 404,768 428,157 48,303 379,854

Total on-budget ........................................... 135,218 15,329 119,889 383,938 44,432 339,506 349,591 33,861 315,731

Total off -budget ........................................... 14,724 5,486 9,237 80,286 15,024 65,262 78,566 14,443 64,123

Total surplus (+) or deficit ................................ +19,362 -58,775 -55,748

Total on-budget ........................................... -362 -76,317 -69,323

Total off -budget ........................................... +19,724 +17,542 +13,575

MEMORANDUM
Receipts off set against outlays 1$ millions]
Current
Fiscal Year Comparable Period
to Date Prior Fiscal Year
Proprietary receipts ...................... ..................... ......... 13,381 11,352
Intrabudgetary transactions ............. .............. ..... 90,799 79,625
Governmental receipts ........................................ 4,264 600
Total receipts offset against outlays ........... ............... 108,444 91,577

'Outlays have been decreased by $400 million and $68 million in October 1996 and November 3The Postal Service accounting is composed of thirteen 28-day periods To conform with the 1996, respectively, to reflect an adjustment made by the Internal Revenue Service to the earned IVITS calendar-month reporting basis used by all other Federal agencies, the IVITS reflects USPS income credit. results through December 6th and estimates for $1,783 million through December 31st
21ncludes FICA and SECA tax credits, non -contributory military service credits, special benefits ... No Transactions.
for the aged, and credit for unnegotiated OASI benefit checks. (* *) Less than $500,000
Note: Details may not add to totals due to rounding











19






Tablal 6. Mom of Financing the Deficit or Disposition of Surplus by the U.S. Government, December 1996 and Other Periods [$ millions]
Net Transactions
denotes net reduction of either Account Balances
Assets and Liabilities liability or asset accounts Current Fiscal Year
Directly Related to
Budget Off-budget Activity This Month Fiscal Year to Date Beginning of Close 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:
Obkjations of the United States, issued by:
United States Treasury .... ...................... .... 26,623 98,361 14,682 5,209,811 5,281,549 5,308,172
Federal Financing Bank ..................... __ ............... .... 15,000 15,000 15,000
Total, public debt securities ...................................... 26,623 98,361 14,682 5,224,811 5,296,549 5,323,172
Plus premium on public debt securities ....... -13 155 -23 1,509 1,676 1,664
Less discount on public debt securities ...... -306 -1,015 -857 79,442 78,733 78,426
Total public debt securities net of Premium and
discount ..... ........ ............... ............ 26,917 99,531 15,516 5,146,880 5,219,494 5,246,410
Agency securities, issued under special financing authorities (see
Schedule B. for other Agency borrowing, see Schedule C) .......... -136 -825 1,284 35,043 34,355 34,219
Total federal securities .............. ..................... 26,780 98,706 16,799 5,181,923 5,253,849 5,280,629
Deduct:
Federal securities held as investments of government accounts
(see Schedule D) ............................. .................. 39,225 50,175 -16,328 1,454,609 1,465,560 1,504,784
Less discount on federal securities held as investments, of
government accounts ..................................... 123 195 208 5,643 5,715 5,838
Net federal securities held as investments of government
accounts .................................................. 39,101 49,980 -16,536 1,448,967 1,459,845 1,498,947
Total borrowing from the public ............ ............. -12,321 48,726 33,335 3,732,957 3,794,003 3,781,682
Accrued interest payable to the public ............... 3,297 1,265 706 45,605 43,573 46,870
Allocations of special drawing rights .......................... ........ -33 -7 -97 7,052 7,078 7,045
Deposit funds ........................ ............ -106 -484 8,473 7,218 6,839 6,733
Miscellaneous liability accounts (includes checks Outstanding etc.) .... 369 1,149 -4,234 1,906 2,686 3,055
Total liability accounts .................................................... -8,793 50,648 38,183 3,794,738 3,854,179 3,8",3N
Asset accounts (deduct)
Cash and monetary assets:
U.S. Treasury operating cash:'
Federal Reserve account .......................................... ... 2,885 42 -2,641 7,700 4,857 7,742
Tax and loan note accounts ...................................... 3,602 -11,473 -14,814 36,525 21,449 25,052
Balance .............................................................. 6,487 -11,431 -17,454 44,225 26,306 32,794
Special drawing rights:
Total holdings ...................... ........................ -48 135 2 10,177 10,360 10,312
SOR certificates issued to Federal Reserve banks ........... ...... ...... -9,718 -9,718 -9,718
Balance ...................................... ........... -48 135 2 459 642 594
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 .... ............................ -271 -38 -535 6,420 6,653 6,382
Letter of credit issued to IMF ............. ........ 31 33 165 -22,835 -22,833 -22,802
Dollar deposits with the IMF .......................................... -3 -11 V 1) -87 -95 -98
Receivable/Payable (-) for interim maintenance of value
adjustments .... ................... ................................. 161 23 337 169 31 192
Balance ...... .................................................. .... -81 7 -33 15,428 15,517 15,436
Loans to International Monetary Fund .. ..... ... ...................... ... ...... V I V I V I
Other cash and monetary assets ....................................... 214 983 88 25,944 26,713 26,926
Total cash aid monetary assets ........ ........ ........ .......... 6,571 -10,306 -17,398 86,056 69,179 75,750
Net activity, guaranteed loan financing ........... ........................ 749 210 172 -14,022 -14,561 -13,813
Net activity, direct loan financing ................................ ......... 3,935 5,423 2,488 32,780 34,268 38,203
Miscellaneous asset accounts .... ........ ..................... -687 -3,453 -2,827 -1,655 -4,422 -5,109
Total asset accounts ..................................................... 10,569 -8,127 -17,565 103,159 $4,464 95,032
Excess of liabilities (+) or assets (-) .................................... -19,362 +58,775 +55,748 +3,691,579 +3,769,716 +3,750,354
Transactions not applied to current years surplus or deficit (see
Schedule a for Details) .... ............... ................... ... ...... ...... ...... ...... ......
Total budget and off-budget federal entities (financing of deficit (+)
or disposition of surplus (-)) ............................................ -19,362 +58,775 +55,748 +3,691,579 +3,769,716 +3,750,364

'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 (* *) 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, December 1996 and
Other Periods
[$ millions]

Fiscal Year to Date
Classification This Month
This Year Prior Year

Excess of liabilities beginning of period:
Based on composition of unified budget in preceding period ... 3,769,716 3,691.636 3,584,970
Adjustments during current fiscal year for changes in composition
of unified budget:
Revisions by federal agencies to the prior budget results ... ...... -57 -53
Excess of liabilities beginning of period (current basis) ....... ....... 3,769,716 3,691,579 3,584,917
Budget surplus (-) or deficit:
Based on composition of unified budget in prior fiscal yr ........ -19,362 58,775 55,748
Changes in composition of unified budget ..... ....... ....... ......
Total surplus (-) or deficit (Table 2) .... ........................... -19,362 58,775 55,748
Total-on-budget (Table 2) .... ........ .......... .............. 362 76,317 69,323
Total-off-budget (Table 2) .... .......... ....... -19,724 -17,542 -13,575
Transactions not applied to current year's surplus or deficit:
S seigniorage .. .................... ....... ............ ......
Total-transactions not applied to current year's Surplus or
d e ficit ........ ........ ...................................

Excess of liabilities close of period ................................... 3,750,354 3,750,354 3,640,665




Table6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, December 1996 and
Other Periods
[$ millions]

Net Transactions Account Balances
denotes net 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 I This Month

Agency securities, issued under special financing authorities: Obligations of the United States, issued by: Export-import Bank of the United States .............. ................. ...... ..... .... C C C
Federal Deposit Insurance Corporation:
FSLIC resolution fund ........ ....... ........... ... ...... ...... 126 126 126
Obligations guaranteed by the United States, issued by:
Department of Housing and Urban Development:
Federal Housing Administration ....................................... C 2 10 82 84 84
Department of the Interior:
Bureau of Land M anagement .......................................... .... ...... ... 13 13 13
Department of Transportation:
Coast Guard:
Family housing mortgages ....... ................ ....... .......... ... C C V I
Obligations not guaranteed by the United States, issued by:
Legislative Branch:
Architect of the Capitol ...... 1 4 4 181 183 185
Department of Defense:
Homeowners assistance mortgages ............. ........ ............ ...... C I C C I C
Independent agencies:
Farm Credit System Financial Assistance Corporation ... ............ ...... 1,261 1,261 1,261
National Archives and Records Administration ... __ ............. .... ..... 291 291 291
Postal Service ...................... ......................... ......... 4,406 4,406 4,406
Tennessee Valley Authority ... ........... ............ ........ ... -138 -830 1,269 28,683 27,991 27,853
Total, agency securities ........................................... -136 -825 1,284 35,043 34,355 34,219

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,
December 1996 and Other Periods
millions]

Transactions Account Balances
Current Fiscal Year
Classification

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

Borrowing from the Treasury:
Funds Appropriated to the President:
International Security Assistance:
Foreign military loan program .......... ........................... ...... 306 343 1,134 1,440 1,440
Agency for International Development:
International Debt Reduction ........ ................................. ...... 228 228 228
Housing and other credit guaranty programs ........................ ...... .... 110 110 110
Private sector revolving fund ... .............................. ..... ...... ...... 2 2 2
Overseas Private Investment Corporation ..... ......................... 1 4 13 73 77 78
Department of Agriculture:
Farm Service Agency:
Commodity Credit Corporation ............................. .......... -48 3,114 -6,916 1,347 4,509 4,461
Agricultural credit insurance fund ....... ........... ................. ...... 594 602 1,922 2,516 2,516
Natural Resources Conservation Service ... ........................... ...... 4 4 4
Rural Utilities Service:
Rural water and waste disposal fund ...................... ......... ... 525 ...... 425 950 950
Rural electrification and telephone revolving fund .................... 479 479 678 8,867 8,867 9,346
Rural Telephone Bank ........ ....................................... 22 17 -19 534 529 552
Rural development insurance fund .... ............................... ...... -30 220 2,481 2,451 2,451
Rural communication development fund ...................... ...... ...... 25 25 25
Rural housing and Community Development Service:
Rural Community Facility Loans Fund .. ..... ...................... ...... 130 ..... 84 214 214
Rural housing insurance fund ................ ........................ ...... 451 951 6,055 6,506 6,506
Rural Business and Cooperative Development Service:
Rural development loan fund ......................................... ...... 32 17 78 110 110
Rural economic development loan fund .............................. ..' ... .... I ...... 35 35 35
Foreign Agricultural Service .......... .................................. ...... ...... ...... 647 647 647
Department of Education:
Federal direct student loan program .................................... ...... 10,902 7,607 12,220 23,122 23,122
Federal family education loan program ................................. ...... .... ...... 680 680 680
College housing and academic facilities fund .......... ................ ...... 6 ...... 181 187 187
College housing loans ................................................... ...... ...... V 317 317 317
Department of Energy:
Bonneville power administration fund ................................... ...... 80 ..... 2,456 2,536 2,536
Department of Housing and Urban Development:
Housing programs:
Federal Housing Administration ....................................... .... ...... -68 3,123 3,123 3,123
Housing for the elderly and handicapped ............................. ...... ...... ...... 6,909 6,909 6,909
Public and Indian housing:
Low-rent public housing ............................................... ...... 20 -20 ...... 20 20
Department of the Interior:
Bureau of Reclamation Loans ....... ................................... ...... 16 9 29 45 45
Bureau of Mines, Helium Fund .............. ........... ...... ...... ...... 252 252 252
Bureau of Indian Affairs ................................................. ...... 32 ...... 26 59 59
Department of Justice:
Federal prison industries, incorporated .................................. ...... ..... 20 20 20
Department of Transportation:
Federal Highway Administration:
High priority quarters loan fund ...................................... ...... ...... 34 34 34
Federal Railroad Administration:
Railroad rehabilitation and improvement
financing funds ... ......................................... ...... ... .... C V I V 1
Amtrak corridor improvement loans .................................. ...... ...... 3 3 3
O ther ............. ............................................... ...... ...... .... V C I V I
Federal Aviation Administration:
Aircraft purchase loan guarantee program ........................... ...... ... C I C C I
Minority business resource center fund ............. ................ ...... ..... 14 17 17 17
Department of the Treasury:
Federal Financing Bank revolving fund ............................. -749 -3,874 -5,616 47,046 43,921 43,172
Department of Veterans Affairs:
Guaranty and indemnity fund ........ ................. ................ 1,404 1,404 ...... 500 500 1,904
Loan guaranty revolving fund ......................................... 880 880 I .... 1,270 1,270 2,150
Direct loan revolving fund ........................ ................. C *) C *) ...... C I C *) V I
Native american veteran housing fund .................................. 29 29 12 12 41
Vocational rehabilitation revolving fund ......................... ... ...... 1 -2 2 3 3







22






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

Transactions Account Balances
Current Fiscal Year
Classification

This Month Fiscal Year to Date Beginning of Close of
This month
This Yeer Prior Year This Year T This Month

Borrowing from the Treasury:-Continued
Environmental Protection Agency:
Abatement, control, and compliance loan program ................. 10 40 40 40
Small Business Administration:
Business loan and revolving fund .... ............ .......... 338 338 338
Disaster loan fund .......... ...... .......... 8,473 8,473 8,473
Independent agencies:
District of Columbia ... ....... ........... 173 -206 -51 379 173
Export-Import Bank of the United States ... ................ V 1 4 59 2,736 2.740 2,740
Federal communications commission:
Spectrum auction loan fund ........ ....... ....... ............ 2,719 2,719 ... 114 114 2.833
Federal Emergency Management Agency:
National insurance development fund ..................... ........... 58 138 125 630 710 768
Disaster assistance loan fund ............... ..................... ..... ...... .... 159 159 159
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 ......... ................. 506 771 761 2,890 3,155 3,661
Smithsonian Institution:
John F. Kennedy Center parking facilities .......................... 20 20 20
Tennessee Valley Authority .... ... .... ........... ................ ...... .... 150 150 150
O th e r .... .... .......... ...... ................................ ......
Total agency borrowing from the Treasury
financed through public debt securities issued .................. 5,473 18,544 -1,284 117,292 130,363 135,835

Borrowing from the Federal Financing Bank:
Funds Appropriated to the President:
Foreign military financing program .... ........ ........................ -31 -47 -35 3,247 3,232 3,200
Department of Agriculture:
Rural Utilities Service:
Rural electrification and telephone revolving fund ..... ....... -70 -49 -131 21,350 21,371 21,301
Rural development insurance fund ..... ............................. ...... ...... ...... 3,675 3,675 3,675
Rural housing and Community Development Service:
Rural housing insurance fund ......... ............................... ...... -375 -685 18,700 18,325 18,325
Department of Defense:
Department of the Navy .... ................. .......................... ...... ...... ...... 1,624 1,624 1,624
Defense agencies ........ ...................... ...... ...... ...... -242 -242 -242
Department of Education:
Historically black college and university capital
Loan fund .. ...... ............ ................ ............. ...... ... ...... C C C
Department of Health and Human Services:
Medical facilities guarantee and loan fund .............................. ...... .... ..... 25 25 25
Department of Housing and Urban Development:
Low rent housing loans and other expenses .......................... ...... -65 -62 1,627 1,561 1,561
Community Development Grants ............. ......................... C -1 -5 39 38 38
Department of Interior:
Territorial and international affairs .............. ............ ....... ... ..... 20 20 20
Department of Transportation:
Federal Railroad Administration .................... ......... ......... C C -1 13 12 12
General Services Administration:
Federal buildings fund ... ................................ .............. -15 -22 -16 1,856 1,850 1,834
Pennsylvania avenue activities ............ 9 72 ...... ... 63 72
Small Business Administration:
Business loan fund ........... .................... ................ -4 -10 -13 318 312 308
Independent agencies:
Export-Import Bank of the United States ....... ........... -390 -390 -463 1,822 1,822 1,432
FSLIC resolution fund:
Resolution trust corporation closeout ................ ................ -247 -1,439 -2,738 5,996 4,804 4,557
Pennsylvania Avenue Development Corporation ..................... ...... -48 24 476 429 429
Postal Service ......... ........ ............................. ...... 1,500 -1,500 1,500
Total borrowing from the Federal Financing Bank ................ -749 -3,874 -5,624 62,047 58,922 58,173

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 totals 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, December 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

This month
This Year Prior Year This Year I This Month I

Federal funds:
Departm ent of Agriculture ..... ........................................... ...... 9 V I ...... 9 9
Department of Commerce ........ ...... ............ ....... ...... V 1 1 11 11 11
Department of Defense-Military:
Defense cooperation account ........................................... ......
Department of Energy .................. ........ ........... -21 674 547 5,790 6,486 6,464
Department of Housing and Urban Development:
Housing programs:
Federal housing administration fund .................... ............ 1 1,946 370 7,736 9,682 9,683
Government National Mortgage Association:
Guarantees of mortgage-backed securities:
Public debt securities ............................................... 31 121 124 4,772 4,862 4,893
O ther ..................................................................... ...... 27 7 158 185 185
Department of the Interior ................................................ -60 -33 -277 3,640 3,667 3,607
Department of Labor ...... ................................................ -41 6 -316 6,605 6,652 6,611
Department of Transportation .................. .......................... 1 1 12 126 126 127
Department of the Treasury ........... ............................. 120 7 534 12,143 12,030 12,150
Department of Veterans Affairs:
Canteen service revolving fund ................................. ....... 1 -3 2 42 38 39
Veterans reopened insurance fund ...................................... 20 14 14 525 519 538
Servicemen's group life insurance fund ...... .......................... V I I V 1 4 4 4
Independent agencies:
Export-import Bank of the United States .............................. -275 -95 -67 473 653 378
Federal Deposit Insurance Corporation:
Bank insurance fund .................................................. 326 484 688 22,186 22,344 22,670
Savings association insurance fund ................................... -101 4,412 137 4,676 9,189 9,088
FSLIC resolution fund ... ................. ......... ................. 50 103 -258 694 747 797
National Credit Union Administration .................................... 29 -69 -80 3,508 3,410 3,439
Postal Service ............................................................ 201 -577 -269 860 83 283
Tennessee Valley Authority ........................................... 255 -696 904 951 ...... 255
O ther ............. ....................................................... 3 9 76 1,871 1,878 1,881
Other .. ..... .............................................................. 44 51 18 3,387 3,394 3,438
Total public debt securities ........................................... 584 6,390 2,168 80,161 85,967 86,551
Total agency securities ................................................ ...... ...... ..... ...... ...... ......

Total Federal funds ............................................. S84 6,390 2,168 80,161 85,967 86,651

Trust funds:
Legislative Branch:
Library of Congress ..................................................... 1 V 1 2 18 17 17
United States Tax Court ................................................ ...... V I V 1 6 6 6
O ther ..................................................................... 1 V 1 33 33 33
The Judiciary:
Judicial retirement funds .............. .................................. -21 34 5 333 388 367
Department of Agriculture ................................ ................ V I V 1) 2 6 6 6
Department of Commerce ................................................. ...... V V I V I ...... ......
Department of Defense-Military:
Voluntary separation incentive fund ..................................... -19 -19 37 811 812 793
O ther ..................................................................... 2 17 68 70 70
Department of Defense-Civil:
Military retirement fund .................................................. -1,536 16,157 10,216 116,888 134,581 133,045
Other ......... .............................................. ............ -20 53 80 1,789 1,861 1,842




















24






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

Net Purchases or Sales H Securities Held as Investments
Current Fiscal Year
Classification Fiscal Year to Date Beginning of Close of
This Month This month
This Year Prior Year This Year This Month

Trust Funds-Continued
Department of Health and Human Services:
Federal hospital insurance trust fund ..................... .......... 6,671 904 1,579 125,805 120,038 126 709
Federal supplementary medical insurance trust fund ..... ........ __ 1,644 1,314 -479 27,175 26.845 28,489
O ther ......... .......... ........... .......................... ........ 7 9 1 1,109 1,125 1,118
Department of the Interior ............................ ......... ....... 7 123 38 332 448 455
Department of Justice ......... .............................. ...... -12 47 60 47
Department of Labor:
Unemployment trust fund ................... .................... -109 428 897 53,893 54,430 54,321
Other ............... ....... ............. ....... -11 -35 -30 79 56 44
Department of State:
Foreign Service retirement and disability fund ........ ........ ........ 344 412 265 8,396 8,465 8,808
O ther .... .... ............. ........ ...................... ............ ... ...... 27 3 3 3
Department of Transportation:
Highway trust fund ...... ............ ............................. 374 -440 -24 21,184 20369 20,743
Airport and airway trust fund .................................... ...... -125 296 1,036 7,682 8,103 7,978
Other .. ......... ......... ............. .......... -7 2 1 1,999 2,007 2,001
Department of the Treasury ...................................... ... -32 -79 -109 250 202 170
Department of Veterans Affairs:
General post fund, national homes ......... ........... ............... ... 40 40 40
National service life insurance ....... ........ ........ ....... 416 285 286 12,007 11,876 12,293
United States government life Insurance Fund ........ ............. 2 V *) -3 99 96 98
Veterans special life insurance fund ...................... ............. 63 49 47 1,580 1,567 1,630
Environmental Protection Agency ..................... .................... -144 -334 261 7,475 7,284 7,140
National Aeronautics and Space Administration .......................... 16 17 16
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities ..... ......................... ............... 12,717 8,616 -45,850 385,443 381,342 394,059
Agency securities .............. ............ ......................... 7,606 7,606 7,606
Employees life insurance fund .......................................... -768 -457 134 16,962 17,272 16,505
Employees and retired employees health benefits fund ...... ........ -558 -1,365 -200 8,183 7,376 6,819
Social Security Administration:
Federal old-age and survivors insurance trust fund ........... ........ 17,233 14,491 10,666 499,403 496,661 513,894
Federal disability insurance trust fund ............ ..................... 2,162 2,861 2,421 50,100 50,799 5Z961
Independent agencies:
Harry S. Truman memorial scholarship trust fund ............. ....... V 55 55 54
Japan-United States Friendship Commission ........................... -2 -1 16 17 15
Railroad Retirement Board ...................................... ...... 330 385 279 17,122 17,177 17,507
Other ............... ....................... ............................. 46 46 10 484 485 530
Total public debt securities ........................... .......... 38,641 43,785 -18,496 1,366,842 1,371,986 1,410,627
Total agency securities ................................................ ...... ...... ... 7,606 7,606 7,606

Total trust funds ................................................. 38,641 43,785 -18,496 1,374,448 1,379,592 1,418,233

Grand total .................................................................. 39,225 50,175 -16,328 1,454,609 1,465,560 1,504,784

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





























25






Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, December 1996 and Other Periods millions]

Not Transactions Account Balances
H donates net reduction of Current Fiscal Year
asset accounts
Classification

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

Guaranteed Loan Financing Activity: .......................................
Funds Appropriated to the President: ............... ......................
Agency for International Development: ... .................. .............
Assistance for the new independent states of the former Soviet
Union: export credit insurance ........................................ -1 -2 ...... -1 -3 -4
Loan guarantees to Israel ...... ...................... ................ ...... ...... ...... -341 -341 -341
Housing and other credit guaranty programs ... ....... ............. ( ) -1 V 1 -34 -35 -35
Private sector loan fund .................. ... __ ........ ............. V I (* 1) V 1 -2 -2 -2
Overseas Private Investment Corporation ................................ -11 -18 -8 -107 -114 -125
Departm ent of Agriculture: ..... .................................. .........
Farm Service Agency: ....................................................
Commodity Credit Corporation export fund ........................... -49 -50 8 162 161 112
Agricultural credit insurance fund ...................................... 2 8 V 1) -227 -221 -218
R ural U tilities Service: ..................... ............... ..............
Rural development insurance fund ..................................... ...... ...... -1 -24 -24 -24
Rural Housing and Community Development: ...........................
Rural housing insurance fund ............ ............................. -1 -3 -3 -64 -66 -67
Rural community facility loans .......................................... C I C -3 -3 -3
Rural Business and Cooperative Development Service: .................
Rural Business and industry loans .................................. -1 -3 ...... -9 -10 -11
Department of Commerce: ............. ...........................
Science and Technology: .................................................
National Oceanic and Atmospheric Administration: ....................
Federal ship financing ............................ ................... C 1 -1 C -4 -4 -5
Department of Education: ........................... .....................
Office of Postsecondary Education: .....................................
Guaranteed student loans ................................ ............. 237 -105 330 -7,580 -7,922 -7,685
College housing and academic facilities ............... ............... 2 3 12 13 13
Department of Health and Human Services: ......................... I .....
Public Health Service: ......................... ...........................
Health Resources and Services Administration: .......................
Health professions graduate student loan guarantees ......... C -4 -230 -230 -230
Department of Housing and Urban Development: .........................
Public and Indian Housing Programs: ....................................
Indian housing guaranteed loans ....................................... C C I V
Community Planning and Development: ..................................
Community development loans ......................................... ...... ...... ..... V C C
Housing Program s: ............... ........................................
Mutual mortgage insurance/Cooperative management insurance ..... 195 126 -79 1,744 1,674 1,870
FHA-General and special risk fund .................................... 279 249 33 -268 -298 -18
Government National Mortgage Association: .............................
Guarantees of mortgaged-backed securities ............. ............. -2 -6 -14 -127 -132 -133
Department of the Interior: ...............................................
Bureau of Indian Affairs .................................................. V 36 -3 -24 12 12
Department of Transportation: ................. ......................
M aritim e Adm inistration: .. ........................ ......................
Military useful vessel obligation guarantee ............................ -4 -4 2 -166 -166 -171
Department of Veterans Affairs: ............................................
Veterans Benefits Administration: ......... ........................
Guaranty and indemnity fund .............................. ........ -74 -130 -43 -3,784 -3,840 -3,914
Loan guaranty fund ......................................... .......... C C I .... -1 -1 -1
Sm all Business Adm inistration: .............................................
Business loan and investment fund .................................. ... 228 222 -15 -1,256 -1,262 -1,035
Independent agencies: ..... ..... ............... ......................
Export-import Bank of the United States ................................ -50 -111 -35 -1,688 -1,749 -1,799
Net Activity, Guaranteed Loan Financing ........................ 749 210 172 -14,022 -14,561 -13,813

Direct Loan Financing Activity: .............................................
Funds Appropriated to the President: ......................................
International Security Assistance: ...... .......................... .......
Foreign military financing fund ......................................... 14 79 140 974 1,039 1,054
International Development Assistance: ......... .........................
Debt restructuring under the Enterprise for the Americas ............ ...... -8 15 227 219 219
Agency for International Development: ... ............... .............
Private sector loan fund ................................................ ...... ...... C
Overseas Private Investment Corporation ......................... -1 6 12 59 66 64






26






Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, December 1996 and Other Periods -Continued [$ millions)

Net Transactions Account Balances
H denotes net reduction of Current Fiscal Year
asset accounts
Classification
I
Fiscal Year to Date Beginning of
Close of
This Month
This month
This Year Prior Year This Year I This Month
Direct Loan Financing Activity:-Continued
Department of Agriculture: ... ............ ........ ...................
Farm Service Agency: .. .......... ......... ......... .............
Agricultural credit insurance fund .. ... ... ........ ....... 14 -92 -68 1,551 1,445 1,459
Natural Resources Conservation Service: ................................
Agricultural resource conservation demonstration program 2 2 2 -7
R ural Utilities Service: ... .......... ......... ...... ........ ........
Rural water and waste disposal loans ... 33 133 456 556 589
Rural electrification and telephone fund ........... ................ 104 243 169 3,125 3,264 3,368
Rural telephone bank fund .... ... ............ ........ ........ -13 -16 (* 1) 146 143 129
Rural development insurance fund ..................................... ... 143 1,065 1,065 1,065
Rural Housing and Community Development Service: ... ...........
Rural housing insurance fund ................. ........... ............ 57 128 44 5,616 5,687 5,744
Rural community facility loans ...... ....... ............ ........ 11 26 ... 86 100 112
Self-help housing land development fund ..... ............ C
Rural Business and Cooperative Development Service: ........ ........
Rural development loan fund ... ............ ....... ............ 1 4 5 61 64 65
Rural economic development loan fund ......... ..................... V 2 1 27 28 29
Foreign Agricultural Service: ....... .........
P.L. 480 direct loan fund ............. ............. .................. 10 323 323 323
P.L. 480, Title 1, Food for progress credits ....... ........ .......... -12 -14 -2 189 187 176
Enterprise for the Americas initiative ....... ............ ...... -1 36 36 36
Departm ent of Education: .................... ................ .............
Office of Postsecondary Education: ....... ..................
Federal direct loan demonstration program ............................ 443 1,821 1,858 11,566 12,944 13,387
Department of Housing and Urban Development: .. ............ ___ ...
Housing Program s: ..... ...... .... .... ....... ....... .......
Mutual mortgage insurance .......... .................... ............ 2 2 2
FHA-General and special risk fund ............... ....... ........ ...... V V
Department of the Interior: ...............................................
W ater and Science: ... .... ... ............. ...........................
Bureau of Reclamation ... ....... ....... ....... ...... 4 5 6 28 28 32
Bureau of Indian Affairs .. ....... .......... .......................... V -1 26 26 26
Departm ent of State: ., ........ ...... ..........................
Administration of Foreign Affairs: ... ........ ............. ..........
Repatriation loans .... ... ........ .......................... V V -2 -2 -2
Department of Transportation: .. ..... ...... ............ .................
Federal Highway Administration: ...................... .................
High priority corridors loan fund ... ................ ................ ..... -24 ...... 34 9 9
Federal Railroad Administration: ............. ...........................
Railroad rehabilitation and improvement .. ......... .................. V 2 2 2
Amtrak corridor improvement loans ....... ....... ....... ............ ...... ...... ...... 3 3 3
Office of the Secretary: ... ._ ......... ..............................
Minority business resource center ..................... ............ ...... 1 3 7 8 8
Departm ent of the Treasury ................ ............................. ...... ...... V ......
Department of Veterans Affairs: ........... ___ .......... ...............
Veterans Benefits Administration: ........ ....... ..................
Guaranty and indemnity fund ........... .............................. 161 160 4 408 407 569
Loan guaranty fund ... ...... ..... .................... 91 89 -2 376 375 465
Direct loan fund ........... ..................................... V (* I .... C C
Native American veteran housing ... ................................ V C V 12
Vocational rehabilitation ........................ ....... ................ V V
Environmental Protection Agency: .... ........ ........... ....... .......
Abatement, control, and compliance ...... ........... ....... -1 -3 3 40 38 37
Small Business Administration: ... ................................
Business loan and investment fund .......... ..... ....... ....... -6 -9 -3 98 96 90
Disaster loan fund ............... ......... .......... ........ .......... 55 74 -12 3,672 3,691 3,746
Independent agencies: ...... ............ ........ ......................
District of Columbia .................... ....... .... __ .............. 173 -206 -51 379 ... 173
Exporl-Import Bank of the United States ..... ....... .................. 82 291 222 1,991 2,201 2,282
Federal Communications Commission: ............ ...........
Spectrum Auction .. ... ........ ....................................... 2,695 2,694 .... 114 112 2,808
Federal Emergency Management Agency: ........ ..... ............
Disaster assistance .... ........ ......... ....... .................... 27 37 -11 89 99 126
Net Activity, Direct Loan Financing .............................. 3,93S S,423 2,488 32,780 34,268 38,203

Note: Federal credit programs provide benefits to the public in the form of direct loans and loan expenses and subsidy payments are reported on a cash basis and included within each program's guarantees, This table reflects cash transactions and balances of the nonbudgetary financing fund budgetary totals in Table 5. accounts that result from the disbursement of loans, collection of fees, repayment of principle, sale ... No Transactions of collateral, interest, and subsidy received from the credit program accounts at net present value (* ') Less than $500,000in accordance with the Credit Reform Act of 1990. Unreimbursed costs such as administrative Note: Details may not add to totals due to rounding






27





Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1997 [$ millions]

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

Receipts:
Individual income taxes ........... 53,600 46,271 59,423 159,294 144,542
Corporation income taxes ... ......... 863 2,339 38,956 42,158 41,895
Social insurance taxes and
contributions:
Employment taxes and
contributions ..... __ .......... .... 34,428 36,967 40,057 111,452 102,591
Unemployment insurance ............. 1,330 2,574 259 4,163 4,377
Other retirement contributions ........ 346 411 371 1,129 1,097
Excise taxes .. ........................... 3,923 4,678 4,559 13,160 14,477
Estate and gift taxes ................... 1,547 1,394 1,371 4,313 3,891
Customs duties .... ............ 1,432 1,219 1,520 4,170 4,817
Miscellaneous receipts ........... 2,187 1,997 1,9731 1 1 1 6,156 6,418
Total-Receipts this year ........... 99,656 97,849 148,489 345,994 ......
(On-budget) ........................ 73,644 70,018 119,527 263,190 ......
(Off-budget) ........................ 26,012 27,831 28,961 82,804 ......
Total-Receipts prior year .... 95,674 90,086, 138,347 324,106
(On budget) .......... 72,280 63,729 110,398 246,408
(Oft hudget) ......... 23,393 26,357 27,949 77,698

Outlays
Legislative Branch .............. 328 209 186 723 506
The Judiciary ....... .......... 216 401 209 826 619
Executive Office of the President ..... 14 22 17 53 42
Funds Appropriated to the President:
International Security Assistance ..... 3,222 218 4 3,443 1,123
International Development
Assistance ................... ..... 728 333 318 1,380 1,297
Other .. ....... ................ -357 -71 480 52 -302
Department of Agriculture:
Commodity Credit Corporation and
Foreign Agricultural Service ......... 2,014 1,432 1,889 5,334 3,276
Other ................... ........ ..... 3,971 3,812 3,457 11,240 13,315
Department of Commerce ............... 313 351 3321 1 1 1 1 996 884
Department of Defense:
Military:
Military personnel ................... 5,809 8,112 5,678 19,600 16,968
Operation and maintenance ........ 6,648 7,636 8,081 22,365 17,837
Procurement ........................ 3,286 3,323 4,812 11,421 10,791
Research, development, test, and
evaluation ..... ................... 2,647 2,972 2,971 8,590 8,239
Military construction ................ 481 515 614 1,610 1,781
Family housing ..................... 312 326 325 963 890
Revolving and management
funds ......... .................... 1,250 1,053 -424 1,878 2,603
Other ............................. 786 -222 -1611 1 1 1 402 2,234
Total Military ................... 21,218 23,716 21,896 66,830 61,343
Civil __ ............... ............ 2,755 2,831 2,805 8,392 7,960
Department of Education .... __ ........ 2,362 3,303 1,970 7,636 6,283
Department of Energy .................. 1,380 1,265 1,304 3,949 4,376
Department of Health and Human
Services
Public Health Service ........ ........ 1,618 2,310 1,837 5,766 4,998
Health Care Financing Administration:
Grants to States for Medicaid 8,194 7,184 8,279 23,658 22,024
Federal hospital ins. trust fund .... 11,377 11,517 10,972 33,866 29,254
Federal supp. med. ins. trust
fund ....... ... ___ ............. 6,348 6,558 5,867 18,773 17,312
Other ..... ....... ............ 4,808 4,896 4,888 14,592 11,304
Administration for children and
families ............... ...... ..... 2,198 2,672 2,557 7,427 8,006
Other .................. __ .......... -6,370 -6,252 -6,547 -19,169 -15,883
Department of Housing and Urban
Development ..... ......... 3,103 3,336 1,395 7,834 6,138
Department of the Interior .............. 640 679 615 1,933 1,617
Department of Justice ........ 919 1,263 1,141 3,323 2,632
Department of Labor:
Unemployment trust fund ............. 1,790 1,661 2,153 5,604 5,763
Other ............... ............. 649 -135 554 1,068 1,985
Department of State ..... ... ........ 700 301 843 1,844 1,311
Department of Transportation:
Highway trust fund .............. 2,078 1,725 1,491 5,294 4,996


28






Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1997-Continued [$ millions)

Fiscal ComYear Parable
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. To Period
Deft Prior
F.Y.

Outlays-Continued
Other ...................... ...... 1,788 1,623 1,733 5,145 4,563
Department of the Treasury:
Interest on the public debt 21,695 26,574 63,993 112,263 108,313
Other ............ ...... ....... 558 335 311 1,203 62
Department of Veterans Affairs:
Compensation and pensions ..... .... 1,559 2,997 1,620 6,177 4,500
National service life ...... ............ 67 62 84 212 202
United States government life ........ 1 1 1 4 4
Other ..... .............. ...... ...... 1,747 2,079 1,369 5,196 4,592
Environmental Protection Agency ...... 442 457 655 1,554 1,458
General Services Administration ....... 285 -687 610 208 1,205
National Aeronautics and Space
Administration .............. .......... 1,115 1,237 1,275 3,627 3,220
Office of Personnel Management ... 3,762 3,474 3,950 11,185 10,570
Small Business Administration .... ..... 25 40 -101 -36 331
Social Security Administration:
Federal old-age and survivors ins.
trust fund (off-budget) ............... 25,548 25,504 25,749 76,800 74,021
Federal disability ins. trust fund (offbudget) ....... ............... 3,805 3,955 3,810 11,570 10,764
Other ..... -- ...... 2,459 4,440 2,306 9,206 6,348
Independent agencies:
Fed. Deposit Ins. Corp:
Bank insurance fund ............... 42 -195 -351 -504 -659
Savings association insurance
fund ............................. -22 -4,498 51 -4,468 -136
FSLIC resolution fund:
RTC closeout .................... -109 -986 -321 -1,416 -2,980
Other ... ............ ....... -32 -22 -56 -110 423
Affordable housing and bank
enterprise ....... .................. V 1 1
Postal Service:
Public enterprise funds (offbudget) ...... .................... -506 505 -152 -154 -659
Payment to the Postal Service
fund ..... .... ............... 57 ...... .... 57 58
Oversight Board .... ...... .......... (* I V *) (* I (* 1 557
Tennessee Valley Authority ........... -29 79 77 127 405
Other independent agencies .......... 2,567 1,706 1,962 6,235 5,147
Undistributed offsetting receipts:
Employer share, employee
retirement ...... ........ .......... -2,407 -2,580 -2,451 -7,438 -7,331
Interest received by trust funds .... -347 -5,855 -43,522 -49,725 -46,617
Rents and royalties on outer
continental shelf lands .. ....... .... -370 -55 -762 -1,187 -682
Other ...... ............. ............. ...... -3 -3,627 1 1 1 1 -3,630 V I

Totals this year:
Total outlays ......................... 139,915 135,727 129,126 404,768 ......
(On-budget) ........................ 113,290 106,327 119,889 339,506 ......
(Off-budget) ........................ 26,625 29,400 9,237 65,2621 .....
Total-surplus (+) or deficit (-) ..... -40,259 -37,878 +19,362 -58,775 ......
(On-budget) ........................ -39,646 -36,309 -362 -76,317 ......
(Off-budget) ........................ -613 -1,569 +19,724 +17,542 ......
Total borrowing from the public .... 15,588 45,459,-12,321 48,726 33,335
Total-outlays prior year ... ...... ... 118,252 128,538 133,064 379,854
(On-budget) ...... 92,051 101,847 121,833 ... 315,731
(Off-budget) ........... 26,201 26,691 11,231 64,123
Total-surplus (+) or deficit prior ...... -55,748
year ..... ........ ......... -22.578 -38,452 +5,283
(On-budget) ..... .............. -19,771 -38,117 -11,435 -69,323
(Off-budget) ..... ........... -2,807, -334,+16,717 +13,575

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





29





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

This Month Fiscal Year to Date Securities held as investments
Classification Current Fiscal Year

Receipts Outlays Excess Receipts Outlays Excess Beginning of Close of
This Year This Month This Month
Trust receipts, outlays, and investments hold:
Airport and airway ........................ 670 780 -110 1,631 1,435 196 7,682 8,103 7,978
Black lung disability ... ...... ............ 53 43 10 145 132 13 ...... .....
Federal disability insurance ................... 5,994 3,810 2,184 14,411 11,570 2,841 50,100 50,799 52,961
Federal employees life and health .... ...... ...... 182 -182 ...... -4 4 25,145 24,648 23,323
Federal employees retirement ................ 16,387 3,420 12,967 19,221 10,201 9,020 401,784 397,806 410,846
Federal hospital insurance ... : ............ 15,907 10,972 4,935 33,470 33,866 -396 125,805 120,038 126,709
Federal old-age and survivors insurance .... 43,136 25,749 17,388 91,347 76,800 14,547 499,403 496,661 513,894
Federal supplementary medical insurance ... 7,316 5,867 1,449 20,152 18,773 1,378 27,175 26,845 28,489
Hazardous substance superfund ............. 262 164 99 295 374 -79 6,376 6,188 6,049
Highways ..................................... 2,452 2,119 333 5,803 6,344 -541 21,184 20,369 20,743
Military advances .............. 1,070 1,440 -370 3,901 3,926 -25 ..... ..... ......
Military retirement ........................... 894 2,460 -1,566 23,090 7,397 15,693 116,888 134,581 133,045
Railroad retirement ... .................... 299 660 -360 1,390 1,991 -601 17,122 17,177 17,507
Unemployment ................................ 2,033 2,160 -127 6,131 5,622 509 53,893 54,430 54,321
Veterans life insurance ................... ... 518 34 485 566 220 347 13,686 13,539 14,020
All other trust .... ...................... 258 502 -244 402 1,322 -920 8,206 8,407 8,348
Total trust fund receipts and outlays and
investments held from Table 6-D .......... 97,250 60,362 36,888 221,955 179,970 41,985 1,374,448 1,379,592 1,418,233
Less: Interfund transactions ... .......... 51,267 51,267 ...... 89,060 89,060 ......
Trust fund receipts and outlays on the basis
of Tables 4 & 5 ............................... 45,983 9,095 36,888 132,895 90,910 41,985
Total Federal fund receipts and outlays ........ 106,363 122,888 -17,526 222,384 323,144 -100,760
Less: Interfund transactions .................. 19 19 ...... 83 83 .....
Federal fund receipts and outlays on the
basis of Table 4 & 5 ............. ........... 105,343 122,869 -17,526 222,301 323,060 -100,760
Less: Offsetting proprietary receipts ........... 2,838 2,838 ...... 9,202 9,202 ....
Net budget receipts & outlays ................... 146,489 129,126 19,362 345,"4 404,768 -58,775

Note: Interfund receipts and outlays are transactions between Federal funds and trust funds such transactions is offset against budget outlays. In this table, Interfund receipts are shown as an such as Federal payments and contributions, and interest and profits on investments in Federal adjustment to arrive at total receipts and outlays of trust funds respectively, securities. They have no net effect on overall budget receipts and outlays since the receipts side of


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

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

RECEIPTS
Individual income taxes ........................................... 59,423 159,294 144,542
Corporation income taxes .......................................... 38,956 42,158 41,895
Social insurance taxes and contributions:
Employment taxes and contributions ............................ 40,057 111,452 102,591
Unemployment insurance ........................................ 259 4,163 4,377
Other retirement contributions ................................... 371 1,129 1,097
Excise taxes ..... ......................... ........................ 4,559 13,160 14,477
Estate and gift taxes ............................................ 1,371 4,313 3,891
Custom s ............. .............................................. 1,520 4,170 4,817
Miscellaneous ....................................................... 1,973 6,156 6,418
Total ......................................................... 148,489 345,994 324,106
NET OUTLAYS
National defense .................................................... 23,085 70,280 64,727
International affairs ................................................. 1,371 6,297 3,121
General science, space, and technology .......................... 1,590 4,623 4,174
Energy .............................................................. 201 103 674
Natural resources and environment ................................ 2,150 5,796 6,791
Agriculture .......................................................... 2,240 5,992 4,109
Commerce and housing credit .. ................................... -1,335 -6,037 -3,340
Transportation .................................................... 3,209 10,465 9,529
Community and Regional Development ............................ 706 2,944 3,001
Education, training, employment and social services ............. 3,799 12,948 11,438
Health .. ... .......... ............................................. 10,558 30,996 28,478
Medicare ... .................. .............................. 15,220 47,766 41,522
Income security .................................... ................ 17,278 55,069 52,258
Social Security ....... :.. I .... I ....... ................... 29,559 88,370 84,454
Veterans benefits and services .................................. 3,088 11,579 9,309
Administration of justice .. .......................... .............. 1,563 4,770 3,714
General government ................................................ 1,687 3,651 4,351
Interest .. .... ... ................ ............................ 19,997 61,613 59,556
Undistributed offsetting receipts ................................... -6,839 -12,251 -8,013
Total ......................................................... 129,126 404,768 379,854


No transactions.
Note: Details may not add to totals due to rounding,
30






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 (including 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 from 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- S. Other Sources of Information About Federal Government 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. 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) intragovernmental 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 e 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 Treasury Bulletin (Available from GPO, Washington, D.C. 20402, by group; (2) Federal intrafund transactions, where the payments and
receipts both occur within the Federal fund group; and (3) trust intrafund subscription or single copy). Quarterly. Contains a mix of narrative, tables, transactions, where the payments and receipts both occur within the trust and charts on Treasury issues, Federal financial operations, international fund group. statistics, and special reports.
Offsetting receipts are generally deducted from budget authority and 9 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 -Histoncal 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. 20227). 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.



31









UNIVERSITY OF FLORIDA


3 1262 090518225 Scheduled Release

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