Monthly Treasury Statement 

of Receipts and Outlays 

of the United States Government 

 

For Fiscal Year 2012 Through May 31, 2012, and Other Periods 

Highlight 

The interest on Treasury debt securities is $31 billion, which is 10 percent 

of the total current month Federal Outlays. 

RECEIPTS

OUTLAYS

DEFICIT

-1,000

-500

0

500

1,000

1,500

2,000

2,500

B

I

L

L

I

O

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S

RECEIPTS, OUTLAYS, AND 

SURPLUS/DEFICIT THROUGH

 MAY 2012

 

Contents 

Summary, page 2 

Receipts, page 6 

Outlays, page 7 

Means of financing, page 20 

Receipts/outlays by month, page 32 

Federal trust funds/securities, page 34 

Receipts by source/outlays by 

 function, page 34 

Explanatory notes, page 35 

Compiled and Published by 

Department of the Treasury 

Financial Management Service 
2

Introduction 

The Monthly Treasury Statement of Receipts and Outlays of the United 

States Government (MTS) is prepared by the Financial Management 

Service, Department of the Treasury, and after approval by the Fiscal 

Assistant Secretary of the Treasury; is normally released on the 8th 

workday of the month following the reporting month. The publication is 

based on data provided by Federal entities, disbursing officers, and 

Federal Reserve banks. 

AUDIENCE 

The MTS is published to meet the needs of those responsible for or 

interested in the cash position of the Treasury, those who are responsible 

or interested in the Government's budget results; and individuals and 

businesses whose operations depend upon or are related to the 

Government's financial operations. 

DISCLOSURE STATEMENT 

This statement summarizes the financial activities of the Federal 

Government and off-budget Federal entities conducted in accordance 

with the Budget of the U.S. Government, i.e., receipts and outlays of 

funds, the surplus or deficit, and the means of financing the deficit or 

disposing of the surplus. Information is presented on a modified cash 

basis; receipts are accounted for on the basis of collections; refunds of 

receipts are treated as deductions from gross receipts; revolving and 

management fund receipts, reimbursements and refunds of monies 

previously expended are treated as deductions from gross outlays; and 

interest on the public debt (public issues) is recognized on the accrual 

basis. Major information sources include accounting data reported by 

Federal entities, disbursing officers, and Federal Reserve banks. 

TRIAD OF PUBLICATIONS 

The MTS is part of a triad of Treasury financial reports. The Daily 

Treasury Statement is published each working day of the Federal 

Government. It provides data on the cash and debt operations of the 

Treasury based upon reporting of the Treasury account balances by 

Federal Reserve banks. The MTS is a report of Government receipts and 

outlays, based on agency reporting. The Combined Statement of 

Receipts, Outlays, and Balances of the United States Government is the 

official publication of the detailed receipts and outlays of the 

Government. It is published annually in accordance with legislative 

mandates given to the Secretary of the Treasury. 

DATA SOURCES AND INFORMATION 

The Explanatory Notes section of this publication provides information 

concerning 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 2011 and 2012, 

 by Month 

[$ millions] 

Period Receipts Outlays Deficit/Surplus (-) 

FY 2011 

 October................................................................... 145,951 286,384 140,432 

 November............................................................... 148,970 299,364 150,394 

 December............................................................... 236,875 315,009 78,134 

 January................................................................... 226,550 276,346 49,796 

 February ................................................................. 110,656 333,163 222,507 

 March ..................................................................... 150,894 339,048 188,154 

 April ........................................................................ 289,543 329,929 40,387 

 May......................................................................... 174,936 232,577 57,641 

 June........................................................................ 249,658 292,738 43,080 

 July ......................................................................... 159,063 288,439 129,376 

 August .................................................................... 169,246 303,388 134,143 

 September.............................................................. 240,153 302,903 62,750 

 Year-to-Date ........................................................ 12,302,495 13,599,290 11,296,795 

FY 2012 

 October................................................................... 163,072 261,539 98,466 

 November............................................................... 152,402 289,704 137,302 

 December............................................................... 239,963 325,930 85,967 

 January................................................................... 234,319 261,726 27,407 

 February ................................................................. 103,413 335,090 231,677 

 March ..................................................................... 171,215 369,372 198,157 

 April ........................................................................ 318,807 259,690 -59,117 

 May......................................................................... 180,713 305,348 124,636 

 Year-to-Date ........................................................ 1,563,904 2,408,399 844,494 

1

The receipt, outlay and deficit figures differ from the FY 2013 Budget, released by the 

Office of Management and Budget on February 13, 2012. The deficit figure differs by 

-$2,800 million, due mainly to revisions in the data following the release of the Final 

Monthly Treasury Statement. 

Note: Details may not add to totals due to rounding. 
3

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 2012 and Other Periods 

[$ millions] 

Classification This 

Month 

Current 

Fiscal 

Year to Date 

Budget 

Estimates Full Fiscal 

Year1

Prior 

Fiscal Year 

to Date 

(2011) 

Budget 

Estimates 

Next Fiscal Year 

(2013)1

 

Total On-Budget and Off-Budget Results: 

Total Receipts....................................................................................................... 180,713 1,563,904 2,468,599 1,484,375 2,901,956 

 On-Budget Receipts .......................................................................................... 134,391 1,184,657 1,896,459 1,101,388 2,224,545 

 Off-Budget Receipts ........................................................................................... 46,322 379,248 572,140 382,987 677,411 

Total Outlays ........................................................................................................ 305,348 2,408,399 3,795,547 2,411,821 3,803,364 

 On-Budget Outlays ............................................................................................ 251,615 2,063,106 3,290,381 2,057,088 3,169,287 

 Off-Budget Outlays ............................................................................................. 53,733 345,292 505,166 354,732 634,077 

Total Surplus (+) or Deficit (-)................................................................................ -124,636 -844,494 -1,326,948 -927,445 -901,408 

 On-Budget Surplus (+) or Deficit (-) ................................................................... -117,224 -878,450 -1,393,922 -955,700 -944,742 

 Off-Budget Surplus (+) or Deficit (-) .................................................................... -7,411 +33,955 +66,974 +28,254 +43,334 

Total On-Budget and Off-Budget Financing.......................................................... 124,636 844,494 1,326,948 927,445 901,408 

Means of Financing: 

 Borrowing from the Public................................................................................... 89,621 884,076 1,449,877 700,849 1,058,618 

 Reduction of Operating Cash, Increase (-).......................................................... 54,251 -54,279 -1,910 190,215 ...... 

 By Other Means.................................................................................................. -19,236 14,697 -121,018 36,382 -157,210 

1

 These estimates are based on the FY 2013 Budget, released by the Office of 

Management and Budget on February 13, 2012. 

... 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 2011 and 2012 

Receipts

Outlays

Deficit (-) /Surplus

-300

-200

-100

0

100

200

300

400

Oct

FY

2011

Dec Feb Apr Jun Aug Oct

FY

2012

Dec Feb Apr

[$ billions]

May 
4

May 

Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2011 and 2012 

Other Taxes and Receipts

Income Taxes

Social Security & Retirement

Total Receipts

0

50

100

150

200

250

300

350

Oct

FY

2011

Dec Feb Apr Jun Aug Oct

FY

2012

Dec Feb Apr

[$ billions]

Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 2011 and 2012 

Total Outlays

-50

0

50

100

150

200

250

300

350

400

Oct

FY

2011

Dec Feb Apr Jun Aug Oct

FY

2012

Dec Feb Apr

[$ billions]

May 

Social Security & Medicare

Other Non-Defense

National Defense

Net Interest

May 
5

Table 3. Summary of Receipts and Outlays of the U.S. Government, May 2012 and Other Periods 

[$ millions] 

Classification This 

Month 

Current 

Fiscal 

Year to Date 

Comparable 

Prior Period 

Year to Date 

Budget 

Estimates 

Full Fiscal Year1

 

Budget Receipts 

Individual Income Taxes ......................................................................................................... 68,574 731,282 701,850 1,164,650 

Corporation Income Taxes...................................................................................................... 6,736 119,054 85,533 236,801 

Social Insurance and Retirement Receipts: 

 Employment and General Retirement (Off-Budget) .............................................................. 46,322 379,248 382,987 572,140 

 Employment and General Retirement (On-Budget) .............................................................. 15,470 137,354 127,596 207,034 

 Unemployment Insurance..................................................................................................... 20,393 49,256 44,031 57,138 

 Other Retirement .................................................................................................................. 351 2,523 2,712 4,338 

Excise Taxes .......................................................................................................................... 6,275 48,478 44,424 79,415 

Estate and Gift Taxes ............................................................................................................. 932 9,648 6,628 11,377 

Customs Duties ...................................................................................................................... 2,199 19,379 18,691 30,817 

Miscellaneous Receipts .......................................................................................................... 13,459 67,683 69,922 104,889 

 Total Receipts ................................................................................................................... 180,713 1,563,904 1,484,375 2,468,599 

 (On-Budget)..................................................................................................................... 134,391 1,184,657 1,101,388 1,896,459 

 (Off-Budget)..................................................................................................................... 46,322 379,248 382,987 572,140 

Budget Outlays 

Legislative Branch .................................................................................................................. 345 3,038 3,143 5,253 

Judicial Branch ....................................................................................................................... 590 4,706 4,731 7,581 

Department of Agriculture....................................................................................................... 10,320 99,327 96,805 150,680 

Department of Commerce....................................................................................................... 818 7,237 6,829 11,326 

Department of Defense-Military Programs.............................................................................. 54,675 434,007 449,368 688,254 

Department of Education ........................................................................................................ 5,584 42,377 66,295 98,467 

Department of Energy............................................................................................................. 2,981 22,201 22,317 38,998 

Department of Health and Human Services............................................................................ 78,117 552,506 581,987 871,836 

Department of Homeland Security.......................................................................................... 3,325 32,478 29,341 60,443 

Department of Housing and Urban Development ................................................................... 2,559 29,420 33,054 56,788 

Department of the Interior....................................................................................................... 1,018 8,077 8,452 11,241 

Department of Justice............................................................................................................. 3,183 21,604 20,607 34,556 

Department of Labor............................................................................................................... 8,977 73,854 92,762 127,157 

Department of State................................................................................................................ 2,199 16,630 15,576 29,937 

Department of Transportation................................................................................................. 6,186 47,726 47,275 84,135 

Department of the Treasury: 

 Interest on Treasury Debt Securities (Gross)........................................................................ 30,507 271,425 275,336 450,335 

 Other .................................................................................................................................... 3,513 124,657 86,721 129,283 

Department of Veterans Affairs............................................................................................... 10,771 81,210 81,273 129,186 

Corps of Engineers................................................................................................................. 730 5,404 7,233 9,184 

Other Defense Civil Programs ................................................................................................ 4,023 31,565 33,118 51,991 

Environmental Protection Agency........................................................................................... 881 6,771 7,472 9,352 

Executive Office of the President............................................................................................ 47 265 340 414 

General Services Administration............................................................................................. 356 965 1,247 1,083 

International Assistance Program........................................................................................... 2,109 16,161 12,784 25,554 

National Aeronautics and Space Administration ..................................................................... 1,338 10,591 11,533 17,637 

National Science Foundation.................................................................................................. 552 4,444 4,382 8,281 

Office of Personnel Management ........................................................................................... 6,381 52,575 49,362 87,462 

Small Business Administration................................................................................................ 72 2,570 5,752 3,157 

Social Security Administration ................................................................................................ 69,270 537,812 514,698 827,061 

Other Independent Agencies .................................................................................................. 2,784 26,317 4,048 48,079 

Allowances ............................................................................................................................. ...... ...... ...... 125 

Undistributed Offsetting Receipts: 

 Interest.................................................................................................................................. -2,706 -93,585 -99,227 -180,392 

 Other .................................................................................................................................... -6,154 -65,934 -62,795 -98,897 

 Total Outlays..................................................................................................................... 305,348 2,408,399 2,411,821 3,795,547 

 (On-Budget)..................................................................................................................... 251,615 2,063,106 2,057,088 3,290,381 

 (Off-Budget)..................................................................................................................... 53,733 345,292 354,732 505,166 

 Surplus (+) or Deficit (-).................................................................................................... -124,636 -844,494 -927,445 -1,326,948 

 (On-Budget)..................................................................................................................... -117,224 -878,450 -955,700 -1,393,922 

 (Off-Budget)..................................................................................................................... -7,411 +33,955 +28,254 +66,974 

1

These estimates are based on the FY 2013 Budget, released by the Office of 

Management and Budget on February 13, 2012. 

... No Transactions 

Note: Details may not add to totals due to rounding.
6

Table 4. Receipts of the U.S. Government, May 2012 and Other Periods 

[$ millions] 

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

Classification Gross 

Receipts 

Refunds 

(Deduct) Receipts Gross Receipts 

Refunds 

(Deduct) Receipts Gross Receipts 

Refunds 

(Deduct) Receipts 

 

Individual Income Taxes: 

 Withheld.......................................................................................................... 80,698 706,660 685,182 

 Presidential Election Campaign Fund ............................................................. 4 35 37 

 Other .............................................................................................................. 6,525 248,105 238,742 

 Total--Individual Income Taxes.................................................................. 87,228 18,653 68,574 954,799 223,518 731,282 923,961 222,111 701,850 

Corporation Income Taxes............................................................................. 8,293 1,557 6,736 150,949 31,895 119,054 138,424 52,891 85,533 

Social Insurance and Retirement Receipts: 

 Employment and General Retirement: 

 Federal Old-Age and Survivors Ins. Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 39,062 ...... 39,062 309,998 ...... 309,998 320,833 ...... 320,833 

 Self-Employment Contributions Act Taxes.................................................. 533 ...... 533 17,631 ...... 17,631 19,320 ...... 19,320 

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... -3,485 ...... -3,485 -12,732 ...... -12,732 

 Total--FOASI Trust Fund .......................................................................... 39,595 ...... 39,595 324,144 ...... 324,144 327,421 ...... 327,421 

 Federal Disability Insurance Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 6,636 ...... 6,636 52,659 ...... 52,659 54,446 ...... 54,446 

 Self-Employment Contributions Act Taxes.................................................. 91 ...... 91 2,995 ...... 2,995 3,279 ...... 3,279 

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... -551 ...... -551 -2,160 ...... -2,160 

 Total--FDI Trust Fund ............................................................................... 6,727 ...... 6,727 55,103 ...... 55,103 55,565 ...... 55,565 

 Federal Hospital Insurance Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 14,830 ...... 14,830 124,840 ...... 124,840 118,772 ...... 118,772 

 Self-Employment Contributions Act Taxes.................................................. 285 ...... 285 9,455 ...... 9,455 8,748 ...... 8,748 

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... 13 ...... 13 -3,133 ...... -3,133 

 Total--FHI Trust Fund ............................................................................... 15,115 ...... 15,115 134,308 ...... 134,308 124,387 ...... 124,387 

 Railroad Retirement : 

 Rail Pension and Supplemental Annuity ..................................................... 170 2 168 1,601 3 1,598 1,650 1 1,649 

 Social Security Equivalent Account............................................................. 190 2 188 1,451 3 1,448 1,561 1 1,560 

 Total--Employment and General Retirement:............................................ 61,796 4 61,792 516,607 6 516,602 510,586 3 510,583 

 Unemployment Insurance: 

 Deposits by States........................................................................................ 20,251 ...... 20,251 42,869 ...... 42,869 38,156 ...... 38,156 

 Federal Unemployment Tax Act Taxes......................................................... 143 10 133 6,275 51 6,224 5,808 48 5,761 

 Railroad Unemployment Taxes..................................................................... 10 ...... 10 164 ...... 164 114 ...... 114 

 Total--Unemployment Insurance................................................................. 20,404 10 20,393 49,307 51 49,256 44,079 48 44,031 

 Other Retirement: 

 Federal Employees Retirement - Employee Share ....................................... 349 ...... 349 2,504 ...... 2,504 2,693 ...... 2,693 

 Non-Federal Employees Retirement............................................................. 3 ...... 3 19 ...... 19 20 ...... 20 

 Total--Other Retirement.............................................................................. 351 ...... 351 2,523 ...... 2,523 2,712 ...... 2,712 

 Total--Social Insurance and Retirement Receipts................................ 82,551 14 82,537 568,438 57 568,381 557,376 50 557,326 

Excise Taxes: 

 Miscellaneous Excise Taxes........................................................................... 1,646 525 1,121 16,970 2,847 14,123 16,816 2,251 14,564 

 Airport and Airway Trust Fund ........................................................................ 1,307 4 1,303 7,982 12 7,970 6,955 11 6,944 

 Highway Trust Fund........................................................................................ 3,790 ...... 3,790 25,958 ...... 25,958 22,534 ...... 22,534 

 Black Lung Disability Trust Fund..................................................................... 61 ...... 61 426 ...... 426 382 ...... 382 

 Total--Excise Taxes .................................................................................... 6,804 529 6,275 51,337 2,860 48,478 46,687 2,262 44,424 

Estate and Gift Taxes ..................................................................................... 999 66 932 9,926 278 9,648 8,201 1,572 6,628 

Customs Duties .............................................................................................. 2,327 129 2,199 20,752 1,373 19,379 19,474 784 18,691 

Miscellaneous Receipts: 

 Deposits of Earnings by Federal Reserve Banks............................................ 10,700 ...... 10,700 53,153 ...... 53,153 56,598 ...... 56,598 

 Universal Service Fund................................................................................... 878 ...... 878 6,648 ...... 6,648 5,858 ...... 5,858 

 All Other.......................................................................................................... 1,882 2 1,881 7,897 16 7,881 7,491 24 7,467 

 Total -- Miscellaneous Receipts................................................................. 13,461 2 13,459 67,699 16 67,683 69,946 24 69,922 

 Total -- Receipts.......................................................................................... 201,663 20,950 180,713 1,823,900 259,996 1,563,904 1,764,070 279,694 1,484,375 

 Total -- On-Budget ...................................................................................... 155,341 20,950 134,391 1,444,652 259,996 1,184,657 1,381,083 279,694 1,101,388 

 Total -- Off-Budget ...................................................................................... 46,322 ...... 46,322 379,248 ...... 379,248 382,987 ...... 382,987 

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

... No Transactions 
7

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Legislative Branch: 

 Senate ..................................................................................................................... 72 (**) 72 601 2 599 605 2 604 

 House of Representatives........................................................................................ 108 (**) 108 928 2 926 918 2 916 

 Joint Items ............................................................................................................... 1 ...... 1 11 ...... 11 11 ...... 11 

 Capitol Police........................................................................................................... 21 ...... 21 223 ...... 223 262 ...... 262 

 Congressional Budget Office ................................................................................... 3 ...... 3 31 ...... 31 31 ...... 31 

 Architect of the Capitol............................................................................................. 34 (**) 34 361 3 358 353 3 350 

 Library of Congress ................................................................................................. 49 1 48 444 5 439 458 6 452 

 Government Printing Office...................................................................................... 10 ...... 10 42 ...... 42 88 ...... 88 

 Government Accountability Office............................................................................ 39 ...... 39 357 ...... 357 378 ...... 378 

 United States Tax Court........................................................................................... 4 ...... 4 33 ...... 33 33 ...... 33 

 Other Legislative Branch Agencies .......................................................................... 5 ...... 5 42 ...... 42 44 ...... 44 

 Proprietary Receipts from the Public........................................................................ ...... 1 -1 ...... 12 -12 ...... 15 -15 

 Intrabudgetary Transaction...................................................................................... (**) ...... (**) -12 ...... -12 -11 ...... -11 

 Total--Legislative Branch.................................................................................... 347 3 345 3,062 24 3,038 3,170 27 3,143 

Judicial Branch: 

 Supreme Court of the United States ........................................................................ 9 ...... 9 57 ...... 57 60 ...... 60 

 Courts of Appeals, District Courts, and Other 

 Judicial Services..................................................................................................... 574 ...... 574 4,924 ...... 4,924 4,629 ...... 4,629 

 Other ....................................................................................................................... 23 ...... 23 250 ...... 250 240 ...... 240 

 Proprietary Receipts from the Public........................................................................ ...... 16 -16 ...... 87 -87 ...... 83 -83 

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) -438 ...... -438 -115 ...... -115 

 Total--Judicial Branch ......................................................................................... 605 16 590 4,793 87 4,706 4,814 83 4,731 

Department of Agriculture: 

 Agricultural Research Service.................................................................................. 98 ...... 98 792 ...... 792 847 ...... 847 

 National Institute of Food and Agriculture: 

 Research and Education Activities......................................................................... 54 ...... 54 422 ...... 422 412 ...... 412 

 Extension Activities................................................................................................ 45 ...... 45 303 ...... 303 275 ...... 275 

 Other ..................................................................................................................... 10 ...... 10 67 ...... 67 59 ...... 59 

 Animal and Plant Health Inspection Service ............................................................ 98 ...... 98 760 ...... 760 771 ...... 771 

 Food Safety and Inspection Service ........................................................................ 72 ...... 72 660 ...... 660 688 ...... 688 

 Agricultural Marketing Service ................................................................................. 36 ...... 36 567 ...... 567 699 ...... 699 

 Risk Management Agency: 

 Administrative and Operating Expenses ................................................................ 6 ...... 6 52 ...... 52 53 ...... 53 

 Federal Crop Insurance Corporation Fund............................................................. 155 8 148 7,226 2,980 4,246 5,107 2,018 3,088 

 Farm Service Agency: 

 Salaries and Expenses .......................................................................................... 98 ...... 98 887 ...... 887 1,094 ...... 1,094 

 USDA Supplemental Assistance............................................................................ 2 ...... 2 1 ...... 1 20 ...... 20 

 Agricultural Disaster Relief Fund............................................................................ 58 ...... 58 583 ...... 583 984 ...... 984 

 Commodity Credit Corporation .............................................................................. 696 740 -44 16,006 7,921 8,085 19,147 9,338 9,809 

 Tobacco Trust Fund............................................................................................... (**) ...... (**) 464 ...... 464 472 ...... 472 

 Agricultural Credit Insurance Fund......................................................................... 211 15 196 390 164 226 110 193 -83 

 Other ..................................................................................................................... 5 ...... 5 40 ...... 40 30 ...... 30 

 Total--Farm Service Agency ................................................................................ 1,070 755 316 18,372 8,085 10,286 21,857 9,531 12,326 

 Natural Resources Conservation Service: 

 Conservation Operations ....................................................................................... 51 ...... 51 588 ...... 588 570 ...... 570 

 Farm Security and Rural Investment Programs ..................................................... 70 ...... 70 1,909 ...... 1,909 1,838 ...... 1,838 

 Other ..................................................................................................................... 3 ...... 3 114 ...... 114 239 ...... 239 

 Rural Development.................................................................................................. 60 ...... 60 14 ...... 14 114 ...... 114 

 Rural Housing Service: 

 Rural Housing Insurance Fund .............................................................................. 13 65 -52 514 446 68 418 460 -42 

 Rental Assistance Program ................................................................................... 96 ...... 96 742 ...... 742 719 ...... 719 

 Other ..................................................................................................................... 15 ...... 15 125 ...... 125 174 ...... 174 

 Rural Utilities Service: 

 Rural Electrification and Telecommunications Fund .............................................. 51 120 -69 242 1,209 -967 213 1,530 -1,317 

 Other ..................................................................................................................... 126 17 110 1,035 149 885 648 141 508 

 Foreign Agricultural Service..................................................................................... -142 ...... -142 1,174 ...... 1,174 1,284 ...... 1,284 

 Food and Nutrition Service: 

 Supplemental Nutrition Assistance Program.......................................................... 6,760 ...... 6,760 53,725 ...... 53,725 51,193 ...... 51,193 

 Child Nutrition Programs........................................................................................ 1,754 ...... 1,754 14,298 ...... 14,298 13,350 ...... 13,350 

 Special Supplemental Nutrition Program for 

 Women, Infants, and Children (WIC) .................................................................... 566 ...... 566 4,630 ...... 4,630 4,454 ...... 4,454 

 Other ..................................................................................................................... 18 ...... 18 309 ...... 309 358 ...... 358 

 Total--Food and Nutrition Service ........................................................................ 9,099 ...... 9,099 72,962 ...... 72,962 69,356 ...... 69,356 

 Forest Service: 

 National Forest System.......................................................................................... 113 ...... 113 991 ...... 991 1,008 ...... 1,008 

 Capital Improvement and Maintenance ................................................................. 34 ...... 34 370 ...... 370 552 ...... 552 

 Wildland Fire Management.................................................................................... 133 ...... 133 1,143 ...... 1,143 1,280 ...... 1,280 

 Forest Service Permanent Appropriations ............................................................. 15 ...... 15 440 ...... 440 511 ...... 511 

 Other ..................................................................................................................... 75 ...... 75 548 ...... 548 561 ...... 561 

 Total--Forest Service ........................................................................................... 369 ...... 369 3,492 ...... 3,492 3,911 ...... 3,911 

 Other ....................................................................................................................... 562 4 558 1,126 29 1,097 805 37 768 

 Proprietary Receipts from the Public........................................................................ ...... 281 -281 ...... 799 -799 ...... 526 -526 

 Intrabudgetary Transactions .................................................................................... -451 ...... -451 -234 ...... -234 -6 ...... -6 

 Total--Department of Agriculture........................................................................ 11,568 1,248 10,320 113,025 13,698 99,327 111,047 14,242 96,805 

 
8

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Commerce: 

 Economic Development Administration ................................................................... 36 (**) 36 277 1 277 309 6 303 

 Bureau of the Census .............................................................................................. 106 ...... 106 845 ...... 845 1,118 ...... 1,118 

 International Trade Administration ........................................................................... 34 ...... 34 312 ...... 312 300 ...... 300 

 National Oceanic and Atmospheric Administration .................................................. 469 4 464 3,671 92 3,578 3,362 14 3,348 

 National Institute of Standards and Technology....................................................... 81 ...... 81 746 ...... 746 696 ...... 696 

 National Telecommunication and Information Administration................................... 133 ...... 133 1,248 ...... 1,248 731 ...... 731 

 Other ....................................................................................................................... -22 5 -27 291 38 253 299 31 267 

 Proprietary Receipts from the Public........................................................................ ...... 10 -10 ...... 13 -13 ...... 9 -9 

 Intrabudgetary Transactions .................................................................................... 1 ...... 1 -10 ...... -10 75 ...... 75 

 Total--Department of Commerce ........................................................................ 837 19 818 7,381 144 7,237 6,888 60 6,829 

Department of Defense-Military Programs: 

 Military Personnel: 

 Department of the Army......................................................................................... 5,174 ...... 5,174 44,202 ...... 44,202 47,216 ...... 47,216 

 Department of the Navy......................................................................................... 3,405 ...... 3,405 30,910 ...... 30,910 31,757 ...... 31,757 

 Department of the Air Force................................................................................... 2,808 ...... 2,808 23,541 ...... 23,541 24,311 ...... 24,311 

 Defense Agencies.................................................................................................. ...... ...... ...... 5,376 ...... 5,376 4,950 ...... 4,950 

 Total--Military Personnel ...................................................................................... 11,388 ...... 11,388 104,029 ...... 104,029 108,233 ...... 108,233 

 Operation and Maintenance: 

 Department of the Army......................................................................................... 8,561 ...... 8,561 63,210 ...... 63,210 69,354 ...... 69,354 

 Department of the Navy......................................................................................... 4,892 ...... 4,892 38,114 ...... 38,114 36,421 ...... 36,421 

 Department of the Air Force................................................................................... 4,990 ...... 4,990 38,417 ...... 38,417 37,805 ...... 37,805 

 Defense Agencies.................................................................................................. 6,327 ...... 6,327 45,418 ...... 45,418 44,561 ...... 44,561 

 Total--Operation and Maintenance .................................................................... 24,770 ...... 24,770 185,159 ...... 185,159 188,140 ...... 188,140 

 International Reconstruction and Other Assistance: 

 Department of the Army......................................................................................... 9 ...... 9 15 ...... 15 1 ...... 1 

 Procurement: 

 Department of the Army......................................................................................... 2,752 ...... 2,752 23,285 ...... 23,285 26,180 ...... 26,180 

 Department of the Navy......................................................................................... 3,465 ...... 3,465 27,523 ...... 27,523 28,336 ...... 28,336 

 Department of the Air Force................................................................................... 3,439 ...... 3,439 27,647 ...... 27,647 27,972 ...... 27,972 

 Defense Agencies.................................................................................................. 576 ...... 576 5,398 ...... 5,398 4,907 ...... 4,907 

 Total--Procurement.............................................................................................. 10,233 ...... 10,233 83,853 ...... 83,853 87,395 ...... 87,395 

 Research, Development, Test, and Evaluation: 

 Department of the Army......................................................................................... 787 ...... 787 5,858 ...... 5,858 6,922 ...... 6,922 

 Department of the Navy......................................................................................... 1,484 ...... 1,484 11,068 ...... 11,068 12,119 ...... 12,119 

 Department of the Air Force................................................................................... 2,797 ...... 2,797 17,834 ...... 17,834 16,064 ...... 16,064 

 Defense Agencies.................................................................................................. 1,704 ...... 1,704 12,502 ...... 12,502 13,230 ...... 13,230 

 Total--Research, Development, Test, and Evaluation.......................................... 6,772 ...... 6,772 47,263 ...... 47,263 48,334 ...... 48,334 

 Military Construction: 

 Department of the Army......................................................................................... 356 ...... 356 3,187 ...... 3,187 3,703 ...... 3,703 

 Department of the Navy......................................................................................... 271 ...... 271 1,872 ...... 1,872 1,723 ...... 1,723 

 Department of the Air Force................................................................................... 110 ...... 110 1,003 ...... 1,003 1,168 ...... 1,168 

 Defense Agencies.................................................................................................. 501 ...... 501 4,162 ...... 4,162 6,845 ...... 6,845 

 Total--Military Construction .................................................................................. 1,239 ...... 1,239 10,223 ...... 10,223 13,438 ...... 13,438 

 Family Housing: 

 Department of the Army......................................................................................... 92 ...... 92 456 ...... 456 408 ...... 408 

 Department of the Navy......................................................................................... 35 ...... 35 273 ...... 273 304 ...... 304 

 Department of the Air Force................................................................................... 60 ...... 60 572 ...... 572 654 ...... 654 

 Defense Agencies.................................................................................................. 31 20 11 341 118 224 1,198 206 991 

 Revolving and Management Funds: 

 Department of the Navy......................................................................................... 186 ...... 186 1,180 ...... 1,180 1,141 ...... 1,141 

 Defense Agencies: 

 Working Capital Fund .......................................................................................... 6 ...... 6 522 ...... 522 771 ...... 771 

 Other.................................................................................................................... -7 ...... -7 125 ...... 125 302 ...... 302 

 Allowances .............................................................................................................. -1 ...... -1 (**) ...... (**) -4 ...... -4 

 Trust Funds: 

 Department of the Army......................................................................................... (**) ...... (**) 2 ...... 2 3 ...... 3 

 Department of the Navy......................................................................................... 2 ...... 2 18 ...... 18 15 ...... 15 

 Department of the Air Force................................................................................... (**) ...... (**) 1 ...... 1 7 (**) 7 

 Defense Agencies.................................................................................................. 13 ...... 13 160 ...... 160 125 ...... 125 

 Proprietary Receipts from the Public: 

 Department of the Army......................................................................................... ...... 44 -44 ...... -257 257 ...... 194 -194 

 Department of the Navy......................................................................................... ...... 436 -436 ...... 597 -597 ...... 191 -191 

 Department of the Air Force................................................................................... ...... 15 -15 ...... -13 13 ...... 4 -4 

 Defense Agencies.................................................................................................. ...... 15 -15 ...... 645 -645 ...... 680 -680 

 Intrabudgetary Transactions: 

 Department of the Army......................................................................................... 326 ...... 326 885 ...... 885 251 ...... 251 

 Department of the Navy......................................................................................... -6 ...... -6 11 ...... 11 2 ...... 2 

 Department of the Air Force................................................................................... 60 ...... 60 45 ...... 45 -44 ...... -44 

 Defense Agencies.................................................................................................. -2 ...... -2 -37 ...... -37 -31 ...... -31 

 Offsetting Governmental Receipts: 

 Department of the Army......................................................................................... ...... ...... ...... ...... ...... ...... ...... (**) (**) 

 Defense Agencies.................................................................................................. ...... ...... ...... ...... (**) (**) ...... 1 -1 

 Total--Department of Defense--Military Programs .......................................... 55,205 530 54,675 435,096 1,089 434,007 450,644 1,276 449,368 

 
9

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Education: 

 Office of Elementary and Secondary Education: 

 Accelerating Achievement and Ensuring Equity..................................................... 1,530 ...... 1,530 11,143 ...... 11,143 13,045 ...... 13,045 

 Impact Aid.............................................................................................................. 36 ...... 36 1,161 ...... 1,161 1,125 ...... 1,125 

 Education Improvement Programs......................................................................... 393 ...... 393 3,246 ...... 3,246 3,527 ...... 3,527 

 State Fiscal Stabilization Fund, Recovery Act........................................................ 83 ...... 83 1,239 ...... 1,239 9,586 ...... 9,586 

 Other ..................................................................................................................... 333 ...... 333 2,729 ...... 2,729 4,107 ...... 4,107 

 Total--Office of Elementary and Secondary Education ........................................ 2,376 ...... 2,376 19,518 ...... 19,518 31,390 ...... 31,390 

 Office of Innovation and Improvement ..................................................................... 73 ...... 73 556 ...... 556 652 ...... 652 

 Office of English Language Acquisition.................................................................... 55 ...... 55 440 ...... 440 535 ...... 535 

 Office of Special Education and Rehabilitative Services: 

 Special Education.................................................................................................. 1,100 ...... 1,100 9,713 ...... 9,713 11,976 ...... 11,976 

 Rehabilitation Services and Disability Research .................................................... 295 ...... 295 2,312 ...... 2,312 2,385 ...... 2,385 

 Special Institutions for Persons with Disabilities .................................................... 17 ...... 17 149 ...... 149 139 ...... 139 

 Office of Vocational and Adult Education................................................................. 185 ...... 185 1,214 ...... 1,214 1,265 ...... 1,265 

 Office of Postsecondary Education: 

 Higher Education ................................................................................................... 187 ...... 187 1,523 ...... 1,523 1,615 ...... 1,615 

 Other ..................................................................................................................... -1 2 -3 171 14 157 173 11 162 

 Total--Office of Postsecondary Education............................................................ 187 2 185 1,694 14 1,681 1,788 11 1,777 

 Office of Federal Student Aid: 

 Student Financial Assistance................................................................................. 1,103 ...... 1,103 23,181 ...... 23,181 24,430 ...... 24,430 

 Student Aid Administration..................................................................................... 106 ...... 106 732 ...... 732 710 ...... 710 

 Federal Student Loan Reserve Fund ..................................................................... ...... ...... ...... 650 ...... 650 -551 ...... -551 

 Federal Direct Student Loans ................................................................................ (**) ...... (**) (**) ...... (**) 5 ...... 5 

 Federal Family Education Loans............................................................................ -59 ...... -59 -335 ...... -335 -206 ...... -206 

 Other ..................................................................................................................... (**) ...... (**) 19 ...... 19 755 ...... 755 

 Total--Office of Federal Student Aid..................................................................... 1,150 ...... 1,150 24,248 ...... 24,248 25,143 ...... 25,143 

 Institute of Education Sciences................................................................................ 61 ...... 61 449 ...... 449 444 ...... 444 

 Departmental Management ..................................................................................... 68 ...... 68 422 ...... 422 432 ...... 432 

 Other ....................................................................................................................... (**) ...... (**) 7 ...... 7 19 ...... 19 

 Proprietary Receipts from the Public........................................................................ ...... 849 -849 ...... 18,158 -18,158 ...... 9,878 -9,878 

 Intrabudgetary Transactions .................................................................................... 869 ...... 869 -173 ...... -173 15 ...... 15 

 Total--Department of Education ......................................................................... 6,435 851 5,584 60,549 18,172 42,377 76,184 9,889 66,295 

Department of Energy: 

 National Nuclear Security Administration: 

 Naval Reactors ...................................................................................................... 92 ...... 92 639 ...... 639 610 ...... 610 

 Weapons Activities ................................................................................................ 579 ...... 579 5,042 ...... 5,042 4,464 ...... 4,464 

 Defense Nuclear Nonproliferation.......................................................................... 244 ...... 244 1,670 ...... 1,670 1,406 ...... 1,406 

 Other ..................................................................................................................... 43 ...... 43 294 ...... 294 282 ...... 282 

 Environmental and Other Defense Activities: 

 Defense Environmental Cleanup ........................................................................... 505 ...... 505 3,970 ...... 3,970 4,913 ...... 4,913 

 Other Defense Activities ........................................................................................ 71 ...... 71 497 ...... 497 522 ...... 522 

 Defense Nuclear Waste Disposal .......................................................................... 1 ...... 1 10 ...... 10 18 ...... 18 

 Other ..................................................................................................................... (**) ...... (**) (**) ...... (**) (**) ...... (**) 

 Energy Programs: 

 Science.................................................................................................................. 384 ...... 384 3,532 ...... 3,532 3,512 ...... 3,512 

 Energy Supply ....................................................................................................... 186 ...... 186 1,601 ...... 1,601 1,559 ...... 1,559 

 Energy Efficiency and Renewable Energy ............................................................. 550 ...... 550 4,842 ...... 4,842 4,777 ...... 4,777 

 Fossil Energy Research and Development............................................................ 91 ...... 91 728 ...... 728 599 ...... 599 

 Uranium Enrichment Decontamination and Decommissioning Fund...................... 31 ...... 31 334 ...... 334 489 ...... 489 

 Advanced Technology Vehicles Manufacturing Loan Program.............................. 2 ...... 2 576 ...... 576 636 ...... 636 

 Title 17 Innovative Technology Loan Guarantee Program ..................................... 32 ...... 32 834 ...... 834 224 ...... 224 

 Other ..................................................................................................................... 84 2 82 698 34 664 763 29 734 

 Total--Energy Programs....................................................................................... 1,360 2 1,358 13,145 34 13,111 12,559 29 12,530 

 Power Marketing Administration .............................................................................. 708 330 379 2,726 2,473 252 2,675 2,282 394 

 Departmental Administration.................................................................................... 21 ...... 21 156 ...... 156 230 ...... 230 

 Proprietary Receipts from the Public........................................................................ ...... 106 -106 ...... 2,422 -2,422 ...... 2,099 -2,099 

 Intrabudgetary Transactions .................................................................................... -205 ...... -205 -1,018 ...... -1,018 -953 ...... -953 

 Total--Department of Energy............................................................................... 3,418 438 2,981 27,131 4,930 22,201 26,727 4,410 22,317 

 
10

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Health and Human Services: 

 Food and Drug Administration ................................................................................. 218 1 217 1,404 5 1,398 1,415 5 1,409 

 Health Resources and Services Administration ....................................................... 730 ...... 730 5,774 5 5,769 5,552 6 5,546 

 Indian Health Services............................................................................................. 230 ...... 230 3,602 ...... 3,602 2,711 ...... 2,711 

 Centers for Disease Control and Prevention............................................................ 557 ...... 557 4,529 ...... 4,529 4,382 ...... 4,382 

 National Institutes of Health..................................................................................... 2,633 ...... 2,633 21,429 ...... 21,429 22,547 ...... 22,547 

 Substance Abuse and Mental Health Services Administration................................. 338 ...... 338 2,023 ...... 2,023 2,055 ...... 2,055 

 Agency for Healthcare Research and Quality .......................................................... 4 ...... 4 178 ...... 178 -40 ...... -40 

 Centers for Medicare and Medicaid Services: 

 Grants to States for Medicaid ................................................................................ 23,022 ...... 23,022 165,043 ...... 165,043 189,478 ...... 189,478 

 Payments to Health Care Trust Funds................................................................... 18,220 ...... 18,220 151,778 ...... 151,778 156,761 ...... 156,761 

 Children's Health Insurance Fund.......................................................................... 841 ...... 841 6,056 ...... 6,056 5,770 ...... 5,770 

 State Grants and Demonstrations.......................................................................... 38 ...... 38 339 ...... 339 422 ...... 422 

 Federal Hospital Insurance Trust Fund: 

 Benefit Payments................................................................................................. 23,988 ...... 23,988 163,949 ...... 163,949 163,257 ...... 163,257 

 Administrative Expenses...................................................................................... 368 ...... 368 3,106 ...... 3,106 1,726 ...... 1,726 

 Total--FHI Trust Fund ........................................................................................ 24,356 ...... 24,356 167,055 ...... 167,055 164,983 ...... 164,983 

 Health Care Fraud and Abuse Control................................................................... 127 ...... 127 985 ...... 985 900 ...... 900 

 Federal Supplementary Medical Insurance Trust Fund: 

 Benefit Payments................................................................................................. 21,166 ...... 21,166 146,394 ...... 146,394 143,695 ...... 143,695 

 Administrative Expenses...................................................................................... 426 ...... 426 3,042 ...... 3,042 1,768 ...... 1,768 

 Medicare Prescription Drugs: 

 Benefit Payments............................................................................................... 5,132 ...... 5,132 34,637 ...... 34,637 39,994 ...... 39,994 

 Administrative Expenses.................................................................................... (**) ...... (**) 11 ...... 11 122 ...... 122 

 Total--FSMI Trust Fund...................................................................................... 26,724 ...... 26,724 184,084 ...... 184,084 185,578 ...... 185,578 

 Other ..................................................................................................................... 182 ...... 182 3,286 ...... 3,286 3,162 ...... 3,162 

 Total--Centers for Medicare and Medicaid Services ............................................ 93,511 ...... 93,511 678,627 ...... 678,627 707,054 ...... 707,054 

 Administration for Children and Families: 

 Temporary Assistance for Needy Families............................................................. 1,192 ...... 1,192 10,629 ...... 10,629 11,763 ...... 11,763 

 Contingency Fund.................................................................................................. 34 ...... 34 449 ...... 449 1,729 ...... 1,729 

 Payments to States for Child Support Enforcement 

 and Family Support Programs .............................................................................. 316 ...... 316 2,121 ...... 2,121 2,219 ...... 2,219 

 Low Income Home Energy Assistance .................................................................. 214 ...... 214 2,933 ...... 2,933 3,495 ...... 3,495 

 Refugee and Entrant Assistance............................................................................ 80 ...... 80 478 ...... 478 441 ...... 441 

 Child Care Entitlement to States............................................................................ 205 ...... 205 1,755 ...... 1,755 2,028 ...... 2,028 

 Payments to States for the Child Care 

 and Development Block Grant .............................................................................. 183 ...... 183 1,506 ...... 1,506 1,995 ...... 1,995 

 Social Services Block Grant................................................................................... 136 ...... 136 1,187 ...... 1,187 1,157 ...... 1,157 

 Children and Families Services Programs ............................................................. 970 ...... 970 6,838 ...... 6,838 7,275 ...... 7,275 

 Payments to States for Foster Care and Adoption Assistance............................... 498 ...... 498 4,548 ...... 4,548 4,584 ...... 4,584 

 Other ..................................................................................................................... 51 ...... 51 351 ...... 351 309 ...... 309 

 Total--Administration for Children and Families ................................................... 3,878 ...... 3,878 32,794 ...... 32,794 36,996 ...... 36,996 

 Administration on Aging........................................................................................... 107 ...... 107 964 ...... 964 1,007 ...... 1,007 

 Departmental Management ..................................................................................... 279 ...... 279 2,122 ...... 2,122 1,703 ...... 1,703 

 Other ....................................................................................................................... 36 ...... 36 340 ...... 340 501 ...... 501 

 Proprietary Receipts from the Public........................................................................ ...... 6,265 -6,265 ...... 49,772 -49,772 ...... 46,964 -46,964 

 Intrabudgetary Transactions: 

 Payments for Health Insurance for the Aged: 

 Federal Supplementary Medical Insurance Trust Fund........................................ -18,195 ...... -18,195 -138,883 ...... -138,883 -146,132 ...... -146,132 

 Payments for Tax and Other Credits: 

 Federal Hospital Insurance Trust Fund................................................................ -16 ...... -16 -12,890 ...... -12,890 -10,622 ...... -10,622 

 Other ..................................................................................................................... 72 ...... 72 276 ...... 276 -167 ...... -167 

 Total--Department of Health and Human Services............................................ 84,382 6,265 78,117 602,288 49,782 552,506 628,962 46,975 581,987 

Department of Homeland Security: 

 Departmental Management and Operations ............................................................ 132 ...... 132 763 ...... 763 794 ...... 794 

 Citizenship and Immigration Services ...................................................................... 227 ...... 227 1,777 ...... 1,777 1,691 ...... 1,691 

 United States Secret Service ................................................................................... 116 ...... 116 1,218 ...... 1,218 1,190 ...... 1,190 

 Transportation Security Administration .................................................................... 399 ...... 399 3,800 ...... 3,800 3,702 ...... 3,702 

 Immigration and Customs Enforcement................................................................... 503 ...... 503 4,009 ...... 4,009 3,752 ...... 3,752 

 Customs and Border Protection............................................................................... 943 ...... 943 8,376 ...... 8,376 7,799 ...... 7,799 

 United States Coast Guard...................................................................................... 854 1 853 6,760 7 6,753 6,867 8 6,860 

 National Protection and Programs Directorate......................................................... 138 ...... 138 977 ...... 977 985 ...... 985 

 Federal Emergency Management Agency: 

 State and Local Programs ..................................................................................... 289 ...... 289 1,827 ...... 1,827 1,571 ...... 1,571 

 Firefighter Assistance Grants................................................................................. 54 ...... 54 480 ...... 480 489 ...... 489 

 Disaster Relief ....................................................................................................... 474 ...... 474 4,487 ...... 4,487 3,542 ...... 3,542 

 National Flood Insurance Fund.............................................................................. 49 238 -189 1,856 1,138 718 419 1,339 -920 

 Other ..................................................................................................................... 126 ...... 126 962 ...... 962 859 ...... 859 

 Total--Federal Emergency Management Agency................................................. 993 238 755 9,613 1,138 8,475 6,880 1,339 5,541 

 Science and Technology.......................................................................................... 66 ...... 66 564 ...... 564 637 ...... 637 

 Domestic Nuclear Detection Office .......................................................................... 32 ...... 32 239 ...... 239 271 ...... 271 

 Other ....................................................................................................................... 32 ...... 32 301 ...... 301 306 ...... 306 

 Proprietary Receipts from the Public........................................................................ ...... 10 -10 ...... 67 -67 ...... 236 -236 

 Intrabudgetary Transactions .................................................................................... 3 ...... 3 15 ...... 15 69 ...... 69 

 Offsetting Governmental Receipts ........................................................................... ...... 864 -864 ...... 4,722 -4,722 ...... 4,019 -4,019 

 Total--Department of Homeland Security .......................................................... 4,438 1,113 3,325 38,412 5,934 32,478 34,943 5,602 29,341 

 
11

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Tenant Based Rental Assistance........................................................................... 1,583 ...... 1,583 11,934 ...... 11,934 12,348 ...... 12,348 

 Housing Certificate Fund ....................................................................................... 62 ...... 62 617 ...... 617 839 ...... 839 

 Project-Based Rental Assistance........................................................................... 795 ...... 795 6,107 ...... 6,107 5,709 ...... 5,709 

 Public Housing Capital Fund.................................................................................. 222 ...... 222 1,847 ...... 1,847 2,878 ...... 2,878 

 Public Housing Operating Fund ............................................................................. 328 ...... 328 2,912 ...... 2,912 3,087 ...... 3,087 

 Revitalization of Severely Distressed 

 Public Housing (Hope VI)...................................................................................... 9 ...... 9 74 ...... 74 106 ...... 106 

 Native American Housing Block Grant................................................................... 70 ...... 70 504 ...... 504 499 ...... 499 

 Other ..................................................................................................................... 1 ...... 1 6 ...... 6 5 ...... 5 

 Total--Public and Indian Housing Programs......................................................... 3,070 ...... 3,070 24,000 ...... 24,000 25,471 ...... 25,471 

 Community Planning and Development: 

 Housing Opportunities for Persons with AIDS........................................................ 42 ...... 42 223 ...... 223 220 ...... 220 

 Community Development Fund.............................................................................. 492 ...... 492 4,631 ...... 4,631 4,576 ...... 4,576 

 Home Investment Partnership Program................................................................. 126 ...... 126 1,271 ...... 1,271 2,117 ...... 2,117 

 Neighborhood Stabilization Program ..................................................................... 53 ...... 53 448 ...... 448 824 ...... 824 

 Homeless Assistance Grants................................................................................. 160 ...... 160 1,308 ...... 1,308 1,546 ...... 1,546 

 Other ..................................................................................................................... 8 ...... 8 69 (**) 69 62 (**) 62 

 Total--Community Planning and Development..................................................... 881 ...... 881 7,950 (**) 7,950 9,346 (**) 9,346 

 Housing Programs: 

 Credit Accounts: 

 FHA-Mutual Mortgage Insurance Fund, Program Account................................... 12 ...... 12 68 ...... 68 62 ...... 62 

 FHA-Mutual Mortgage Insurance Capital Reserve Account ................................. -1,604 ...... -1,604 -4,521 ...... -4,521 -4,413 ...... -4,413 

 FHA-Mutual Mortgage and Cooperative Housing 

 Insurance Fund, Liquidating Account.................................................................. 3 2 1 23 16 7 33 13 20 

 FHA-General and Special Risk Fund, Program Account...................................... ...... ...... ...... 1 ...... 1 6 ...... 6 

 FHA-General and Special Risk Fund, Liquidating Account .................................. -3 3 -6 64 169 -105 79 239 -161 

 Housing for the Elderly or Handicapped Fund, 

 Liquidating Account ............................................................................................ (**) 37 -37 1 372 -371 1 393 -392 

 Home Ownership Preservation Equity Fund .......................................................... ...... ...... ...... (**) ...... (**) 4 ...... 4 

 Housing for the Elderly........................................................................................... 71 ...... 71 570 ...... 570 619 ...... 619 

 Housing for Persons with Disabilities ..................................................................... 53 ...... 53 424 ...... 424 510 ...... 510 

 Other Assisted Housing Programs......................................................................... 3 ...... 3 30 ...... 30 31 ...... 31 

 Other ..................................................................................................................... 17 8 9 212 31 181 162 20 142 

 Total--Housing Programs..................................................................................... -1,447 50 -1,498 -3,127 588 -3,715 -2,905 666 -3,571 

 Government National Mortgage Association: 

 Guarantees of Mortgage-Backed Securities .......................................................... 7 5 3 153 56 97 860 108 752 

 Management and Administration ............................................................................. 146 ...... 146 1,195 ...... 1,195 1,218 ...... 1,218 

 Other ....................................................................................................................... 15 ...... 15 173 ...... 173 173 ...... 173 

 Proprietary Receipts from the Public: 

 FHA-General and Special Risk Fund ..................................................................... ...... 41 -41 ...... 229 -229 ...... 321 -321 

 Other ..................................................................................................................... ...... 12 -12 ...... 31 -31 ...... 7 -7 

 Intrabudgetary Transactions .................................................................................... -5 ...... -5 -18 ...... -18 -5 ...... -5 

 Offsetting Governmental Receipts ........................................................................... ...... (**) (**) ...... 2 -2 ...... 2 -2 

 Total--Department of Housing and Urban Development................................... 2,667 109 2,559 30,326 906 29,420 34,158 1,103 33,054 

Department of the Interior: 

 Land and Minerals Management: 

 Bureau of Land Management: 

 Management of Lands and Resources ................................................................ 105 ...... 105 634 ...... 634 636 ...... 636 

 Other.................................................................................................................... 58 2 56 397 108 289 447 97 350 

 Bureau of Ocean Energy Management, 

 Regulation and Enforcement ................................................................................ -4 ...... -4 18 ...... 18 170 ...... 170 

 Office of Surface Mining Reclamation and Enforcement........................................ 39 ...... 39 578 ...... 578 540 ...... 540 

 Total--Land and Minerals Management ............................................................... 199 2 197 1,627 108 1,519 1,792 97 1,695 

 Water and Science: 

 Bureau of Reclamation: 

 Water and Related Resources............................................................................. 127 ...... 127 709 ...... 709 786 ...... 786 

 Other.................................................................................................................... 48 30 18 346 214 132 363 204 159 

 United States Geological Survey ........................................................................... 126 ...... 126 751 ...... 751 804 ...... 804 

 Other ..................................................................................................................... 1 ...... 1 29 ...... 29 28 ...... 28 

 Total--Water and Science .................................................................................... 302 30 272 1,835 214 1,621 1,981 204 1,778 

 Fish and Wildlife and Parks: 

 United States Fish and Wildlife Service ................................................................. 253 ...... 253 1,558 ...... 1,558 1,798 ...... 1,798 

 National Park Service ............................................................................................ 311 ...... 311 2,106 ...... 2,106 2,332 ...... 2,332 

 Total--Fish and Wildlife and Parks ....................................................................... 564 ...... 564 3,664 ...... 3,664 4,129 ...... 4,129 

 Bureau of Indian Affairs and 

 Bureau of Indian Education..................................................................................... 261 (**) 261 1,993 1 1,992 1,619 1 1,618 

 Departmental Offices: 

 Mineral Leasing and Associated Payments ........................................................... 202 ...... 202 1,416 ...... 1,416 1,202 ...... 1,202 

 Other ..................................................................................................................... 28 ...... 28 169 ...... 169 109 ...... 109 

 Insular Affairs........................................................................................................... 31 ...... 31 277 ...... 277 238 ...... 238 

 Office of the Special Trustee 

 for American Indians............................................................................................... 94 ...... 94 499 ...... 499 354 ...... 354 

 Department-Wide Programs .................................................................................... 82 ...... 82 910 ...... 910 801 ...... 801 

 Other ....................................................................................................................... 16 ...... 16 103 ...... 103 94 ...... 94 

 Proprietary Receipts from the Public........................................................................ ...... 598 -598 ...... 3,955 -3,955 ...... 3,433 -3,433 

 Intrabudgetary Transactions .................................................................................... -132 ...... -132 -139 ...... -139 -133 ...... -133 

 Total--Department of the Interior........................................................................ 1,648 630 1,018 12,354 4,277 8,077 12,187 3,734 8,452 

 
12

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Justice: 

 General Administration ............................................................................................ 192 ...... 192 1,399 ...... 1,399 1,579 ...... 1,579 

 Legal Activities and United States Marshals: 

 General Legal Activities ......................................................................................... 55 ...... 55 588 ...... 588 613 ...... 613 

 United States Attorneys ......................................................................................... 130 ...... 130 1,306 ...... 1,306 1,369 ...... 1,369 

 United States Marshals Service............................................................................. 91 ...... 91 899 ...... 899 867 ...... 867 

 Assets Forfeiture Fund........................................................................................... 618 ...... 618 2,096 ...... 2,096 1,005 ...... 1,005 

 Other ..................................................................................................................... 38 ...... 38 352 ...... 352 352 ...... 352 

 Federal Bureau of Investigation ............................................................................... 492 ...... 492 5,319 ...... 5,319 5,175 ...... 5,175 

 Drug Enforcement Administration ............................................................................ 131 ...... 131 1,493 ...... 1,493 1,595 ...... 1,595 

 Bureau of Alcohol, Tobacco, Firearms, and Explosives ........................................... 87 ...... 87 764 ...... 764 747 ...... 747 

 Federal Prison System ............................................................................................ 558 31 527 4,733 242 4,491 4,637 231 4,406 

 Office of Justice Programs: 

 State and Local Law Enforcement Assistance ....................................................... 93 ...... 93 1,168 ...... 1,168 1,280 ...... 1,280 

 Community Oriented Policing Services.................................................................. 49 ...... 49 406 ...... 406 422 ...... 422 

 Crime Victims Fund ............................................................................................... 68 ...... 68 442 ...... 442 451 ...... 451 

 Other ..................................................................................................................... 117 ...... 117 806 ...... 806 855 ...... 855 

 Other ....................................................................................................................... 132 ...... 132 599 ...... 599 473 ...... 473 

 Proprietary Receipts from the Public........................................................................ ...... 59 -59 ...... 229 -229 ...... 133 -133 

 Intrabudgetary Transactions .................................................................................... 482 ...... 482 42 ...... 42 -111 ...... -111 

 Offsetting Governmental Receipts ........................................................................... ...... 62 -62 ...... 337 -337 ...... 337 -337 

 Total--Department of Justice .............................................................................. 3,335 152 3,183 22,412 808 21,604 21,309 702 20,607 

Department of Labor: 

 Employment and Training Administration: 

 Training and Employment Services ....................................................................... 330 ...... 330 2,467 ...... 2,467 3,002 ...... 3,002 

 Office of Job Corps ................................................................................................ 132 ...... 132 1,149 ...... 1,149 1,068 ...... 1,068 

 Community Service Employment for Older Americans .......................................... 45 ...... 45 324 ...... 324 507 ...... 507 

 Federal Unemployment Benefits and Allowances.................................................. 52 ...... 52 425 ...... 425 530 ...... 530 

 Federal Additional Unemployment Compensation 

 Program-Recovery Act.......................................................................................... -1 ...... -1 -6 ...... -6 1,663 ...... 1,663 

 State Unemployment Insurance and Employment 

 Service Operations ............................................................................................... -54 ...... -54 26 ...... 26 102 ...... 102 

 Payments to the Unemployment Trust Fund.......................................................... ...... ...... ...... 48,282 ...... 48,282 53,315 ...... 53,315 

 Advances to the Unemployment Trust Fund and 

 Other Funds.......................................................................................................... ...... ...... ...... 140 ...... 140 260 ...... 260 

 Program Administration ......................................................................................... 13 ...... 13 83 ...... 83 84 ...... 84 

 Unemployment Trust Fund: 

 Federal-State Unemployment Insurance: 

 State Unemployment Benefits............................................................................ 7,531 ...... 7,531 64,856 ...... 64,856 80,504 ...... 80,504 

 State Administrative Expenses ............................................................................ 438 ...... 438 2,982 ...... 2,982 3,069 ...... 3,069 

 Federal Administrative Expenses......................................................................... 33 ...... 33 297 ...... 297 291 ...... 291 

 Other.................................................................................................................... 219 ...... 219 247 ...... 247 129 ...... 129 

 Total--Unemployment Trust Fund ...................................................................... 8,222 ...... 8,222 68,382 ...... 68,382 83,993 ...... 83,993 

 Other ..................................................................................................................... 21 ...... 21 131 ...... 131 9 ...... 9 

 Total--Employment and Training Administration .................................................. 8,759 ...... 8,759 121,403 ...... 121,403 144,534 ...... 144,534 

 
13

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Labor:—Continued 

 Pension Benefit Guaranty Corporation .................................................................... 496 641 -145 3,904 3,904 (**) 3,933 4,628 -695 

 Employment Standards Administration .................................................................... 2 ...... 2 66 ...... 66 317 ...... 317 

 Office of Workers' Compensation Programs: 

 Special Benefits..................................................................................................... 249 ...... 249 -963 ...... -963 187 ...... 187 

 Energy Employees Occupational 

 Illness Compensation Fund .................................................................................. 113 ...... 113 705 ...... 705 862 ...... 862 

 Special Benefits for Disabled Coal Miners ............................................................. 14 ...... 14 114 ...... 114 130 ...... 130 

 Black Lung Disability Trust Fund............................................................................ 21 ...... 21 176 ...... 176 181 ...... 181 

 Other ..................................................................................................................... 34 ...... 34 243 ...... 243 180 ...... 180 

 Wage and Hour Division .......................................................................................... 5 ...... 5 26 ...... 26 12 ...... 12 

 Occupational Safety and Health Administration ....................................................... 50 ...... 50 380 ...... 380 368 ...... 368 

 Mine Safety and Health Administration .................................................................... 32 ...... 32 256 ...... 256 229 ...... 229 

 Bureau of Labor Statistics........................................................................................ 50 ...... 50 370 ...... 370 352 ...... 352 

 Departmental Management ..................................................................................... 14 ...... 14 308 ...... 308 379 ...... 379 

 Other ....................................................................................................................... 30 ...... 30 193 ...... 193 105 ...... 105 

 Proprietary Receipts from the Public........................................................................ ...... 2 -2 ...... 52 -52 ...... 19 -19 

 Intrabudgetary Transactions .................................................................................... -248 ...... -248 -49,370 ...... -49,370 -54,361 ...... -54,361 

 Total--Department of Labor................................................................................. 9,620 643 8,977 77,810 3,956 73,854 97,409 4,647 92,762 

Department of State: 

 Administration of Foreign Affairs: 

 Diplomatic and Consular Programs ....................................................................... 588 ...... 588 5,671 ...... 5,671 5,213 ...... 5,213 

 Educational and Cultural Exchange Programs....................................................... 48 ...... 48 407 ...... 407 390 ...... 390 

 Embassy Security, Construction, and Maintenance............................................... 4 ...... 4 1,085 ...... 1,085 374 ...... 374 

 Payment to Foreign Service Retirement and 

 Disability Fund ...................................................................................................... ...... ...... ...... 159 ...... 159 159 ...... 159 

 Foreign Service Retirement and Disability Fund .................................................... 74 ...... 74 580 ...... 580 556 ...... 556 

 Other ..................................................................................................................... 220 ...... 220 -282 ...... -282 413 ...... 413 

 Total--Administration of Foreign Affairs................................................................ 934 ...... 934 7,619 ...... 7,619 7,104 ...... 7,104 

 International Organizations and Conferences .......................................................... 319 ...... 319 2,037 ...... 2,037 1,778 ...... 1,778 

 Global Health and Child Survival ............................................................................. 614 ...... 614 4,426 ...... 4,426 4,251 ...... 4,251 

 Migration and Refugee Assistance .......................................................................... 208 ...... 208 1,040 ...... 1,040 1,109 ...... 1,109 

 International Narcotics Control and Law Enforcement ............................................. 132 ...... 132 1,219 ...... 1,219 978 ...... 978 

 Andean Counterdrug Programs ............................................................................... 9 ...... 9 83 ...... 83 139 ...... 139 

 Other ....................................................................................................................... 40 ...... 40 294 ...... 294 436 ...... 436 

 Proprietary Receipts from the Public........................................................................ ...... 16 -16 ...... 39 -39 ...... 15 -15 

 Intrabudgetary Transactions .................................................................................... -41 ...... -41 -49 ...... -49 -204 ...... -204 

 Total--Department of State.................................................................................. 2,215 16 2,199 16,669 39 16,630 15,591 15 15,576 

Department of Transportation: 

 Office of the Secretary ............................................................................................. 123 ...... 123 753 ...... 753 285 ...... 285 

 Federal Aviation Administration: 

 Operations............................................................................................................. 302 ...... 302 2,521 ...... 2,521 1,680 ...... 1,680 

 Airport and Airway Trust Fund: 

 Grants-In-Aid for Airports..................................................................................... 224 ...... 224 2,029 ...... 2,029 2,116 ...... 2,116 

 Facilities and Equipment...................................................................................... 237 ...... 237 1,843 ...... 1,843 1,777 ...... 1,777 

 Research, Engineering, and Development........................................................... 13 ...... 13 106 ...... 106 106 ...... 106 

 Trust Fund Share of FAA Operations................................................................... 700 ...... 700 4,150 ...... 4,150 4,550 ...... 4,550 

 Total--Airport and Airway Trust Fund ................................................................. 1,173 ...... 1,173 8,128 ...... 8,128 8,549 ...... 8,549 

 Other ..................................................................................................................... 23 14 9 -91 88 -179 278 219 59 

 Total--Federal Aviation Administration ................................................................. 1,499 14 1,484 10,558 88 10,470 10,507 219 10,288 

 Federal Highway Administration: 

 Highway Trust Fund: 

 Federal-Aid Highways.......................................................................................... 3,217 ...... 3,217 22,942 ...... 22,942 20,454 ...... 20,454 

 Other.................................................................................................................... 2 ...... 2 6 5 1 15 2 13 

 Highway Infrastructure Investment, Recovery Act.................................................. 255 ...... 255 2,330 ...... 2,330 5,806 ...... 5,806 

 Other Programs ..................................................................................................... 100 ...... 100 790 ...... 790 419 ...... 419 

 Total--Federal Highway Administration ................................................................ 3,573 ...... 3,573 26,069 5 26,064 26,694 2 26,692 

 Federal Motor Carrier Safety Administration............................................................ 61 ...... 61 358 ...... 358 312 ...... 312 

 National Highway Traffic Safety Administration ....................................................... 62 ...... 62 505 ...... 505 554 ...... 554 

 Federal Railroad Administration: 

 Operating Subsidy Grants to the National Railroad 

 Passenger Corporation......................................................................................... ...... ...... ...... 381 ...... 381 439 ...... 439 

 Capital and Debt Service Grants to the 

 National Railroad Passenger Corporation............................................................. 91 ...... 91 696 ...... 696 591 ...... 591 

 Capital Assistance for High Speed Rail Corridors 

 and Intercity Passenger Rail Service .................................................................... 34 ...... 34 277 ...... 277 176 ...... 176 

 Other ..................................................................................................................... 52 (**) 52 250 (**) 250 472 3 469 

 Total--Federal Railroad Administration................................................................. 178 (**) 177 1,605 (**) 1,605 1,679 3 1,675 

 
14

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Transportation: ─Continued 

 Federal Transit Administration: 

 Formula Grants...................................................................................................... 20 ...... 20 128 ...... 128 170 ...... 170 

 Capital Investment Grants ..................................................................................... 113 ...... 113 1,476 ...... 1,476 1,131 ...... 1,131 

 Transit Formula Grants.......................................................................................... 530 ...... 530 5,188 ...... 5,188 4,043 ...... 4,043 

 Transit Capital Assistance, Recovery Act .............................................................. 89 ...... 89 790 ...... 790 1,514 ...... 1,514 

 Other ..................................................................................................................... 31 ...... 31 229 ...... 229 352 ...... 352 

 Total--Federal Transit Administration................................................................... 784 ...... 784 7,811 ...... 7,811 7,209 ...... 7,209 

 Maritime Administration ........................................................................................... 59 1 58 177 19 158 175 28 147 

 Other ....................................................................................................................... 53 2 51 234 14 220 230 16 214 

 Proprietary Receipts from the Public........................................................................ ...... 135 -135 ...... 151 -151 ...... 100 -100 

 Intrabudgetary Transactions: 

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

 Offsetting Governmental Receipts ........................................................................... ...... 53 -53 ...... 66 -66 ...... 4 -4 

 Total--Department of Transportation.................................................................. 6,392 206 6,186 48,069 343 47,726 47,647 372 47,275 

Department of the Treasury: 

 Departmental Offices: 

 Exchange Stabilization Fund ................................................................................. ...... (**) (**) ...... 151 -151 ...... 191 -191 

 Grants for Specified Energy Property in Lieu of Tax Credit.................................... 281 ...... 281 2,558 ...... 2,558 2,032 ...... 2,032 

 Housing and Economic Recovery Programs.......................................................... 4 ...... 4 18,649 ...... 18,649 13,613 ...... 13,613 

 Troubled Asset Relief Programs ............................................................................ 426 ...... 426 29,070 ...... 29,070 23,431 ...... 23,431 

 Other ..................................................................................................................... 121 ...... 121 1,828 ...... 1,828 3,809 ...... 3,809 

 Financial Management Service: 

 Payment to the Resolution Funding Corporation.................................................... ...... ...... ...... 1,976 ...... 1,976 1,662 ...... 1,662 

 Financial Agent Services ....................................................................................... 67 ...... 67 424 ...... 424 425 ...... 425 

 Interest Paid to Credit Financing Accounts ............................................................ 1 ...... 1 1 ...... 1 (**) ...... (**) 

 Claims, Judgements, and Relief Acts .................................................................... 227 ...... 227 1,557 ...... 1,557 671 ...... 671 

 Other ..................................................................................................................... 17 (**) 17 1,968 (**) 1,968 611 (**) 611 

 Total--Financial Management Service.................................................................. 312 (**) 312 5,927 (**) 5,927 3,369 (**) 3,369 

 Federal Financing Bank........................................................................................... -4 ...... -4 -371 ...... -371 -281 ...... -281 

 Alcohol and Tobacco Tax and Trade Bureau: 

 Salaries and Expenses .......................................................................................... 7 ...... 7 70 ...... 70 68 ...... 68 

 Internal Revenue Collections for Puerto Rico ........................................................ 24 ...... 24 266 ...... 266 308 ...... 308 

 Bureau of Engraving and Printing ............................................................................ -1 ...... -1 -5 ...... -5 13 ...... 13 

 United States Mint ................................................................................................... 195 337 -142 2,852 2,836 16 3,386 3,553 -166 

 Bureau of the Public Debt........................................................................................ 11 ...... 11 173 ...... 173 179 ...... 179 

 Internal Revenue Service: 

 Taxpayer Services................................................................................................. 203 ...... 203 1,644 ...... 1,644 1,698 ...... 1,698 

 Enforcement .......................................................................................................... 416 ...... 416 3,649 ...... 3,649 3,748 ...... 3,748 

 Operations Support................................................................................................ 292 ...... 292 2,815 ...... 2,815 2,791 ...... 2,791 

 Build America Bond Payments, Recovery Act ....................................................... 366 ...... 366 2,634 ...... 2,634 2,371 ...... 2,371 

 Payment Where Earned Income Credit Exceeds Liability for Tax .......................... 1,467 ...... 1,467 53,964 ...... 53,964 54,767 ...... 54,767 

 Payment Where Child Tax Credit Exceeds Liability for Tax ................................... 731 ...... 731 21,279 ...... 21,279 21,789 ...... 21,789 

 Payment Where Tax Credits to Aid First Time Homebuyers 

 Exceeds Liability for Tax ....................................................................................... 15 ...... 15 43 ...... 43 2,024 ...... 2,024 

 Payment Where Making Work Pay Credit Exceeds Liability 

 for Tax, Recovery Act ........................................................................................... 27 ...... 27 264 ...... 264 13,521 ...... 13,521 

 Refunding Internal Revenue Collections, Interest .................................................. 311 ...... 311 2,171 ...... 2,171 1,926 ...... 1,926 

 Other ..................................................................................................................... 576 (**) 576 7,054 2 7,052 9,401 2 9,399 

 Total--Internal Revenue Service .......................................................................... 4,405 (**) 4,405 95,517 2 95,515 114,036 2 114,035 

 Comptroller of the Currency..................................................................................... 77 2 75 732 496 236 523 406 117 

 Office of Thrift Supervision....................................................................................... ...... ...... ...... ...... ...... ...... 171 119 52 

 Interest on the Public Debt: 

 Interest on Treasury Debt Securities (Gross): 

 Public Issues (Accrual Basis)............................................................................... 25,506 ...... 25,506 166,942 ...... 166,942 163,273 ...... 163,273 

 Special Issues (Cash Basis) ................................................................................ 5,001 ...... 5,001 104,484 ...... 104,484 112,062 ...... 112,062 

 Total--Interest on Treasury Debt Securities (Gross)........................................... 30,507 ...... 30,507 271,425 ...... 271,425 275,336 ...... 275,336 

 Total--Interest on the Public Debt .................................................................... 30,507 ...... 30,507 271,425 ...... 271,425 275,336 ...... 275,336 

 Other ....................................................................................................................... 11 ...... 11 66 ...... 66 69 ...... 69 

 Proprietary Receipts from the Public........................................................................ ...... 1,737 -1,737 ...... 27,639 -27,639 ...... 71,714 -71,714 

 Intrabudgetary Transactions .................................................................................... -279 ...... -279 -1,551 ...... -1,551 -2,022 ...... -2,022 

 Total--Department of the Treasury ..................................................................... 36,095 2,075 34,020 427,207 31,125 396,082 438,041 75,984 362,057 

 
15

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Veterans Affairs: 

 Joint DOD-VA Medical Facility Demonstration Fund................................................ 28 ...... 28 218 ...... 218 ...... ...... ...... 

 Veterans Health Administration: 

 Medical Services.................................................................................................... 3,375 ...... 3,375 26,499 ...... 26,499 26,503 ...... 26,503 

 Medical Support and Compliance .......................................................................... 403 ...... 403 3,281 ...... 3,281 3,448 ...... 3,448 

 Medical Facilities ................................................................................................... 478 ...... 478 3,508 ...... 3,508 3,297 ...... 3,297 

 Other ..................................................................................................................... 93 33 60 723 266 457 715 258 456 

 Benefit Programs: 

 Public Enterprise Funds: 

 Housing Accounts................................................................................................ (**) 1 -1 4 9 -5 5 11 -6 

 Other.................................................................................................................... 88 92 -4 802 776 26 766 762 4 

 Compensation and Pensions ................................................................................. 5,015 ...... 5,015 34,269 ...... 34,269 34,950 ...... 34,950 

 Readjustment Benefits........................................................................................... 966 ...... 966 7,261 ...... 7,261 7,147 ...... 7,147 

 Veterans Housing Benefit Program Fund............................................................... 12 ...... 12 1,613 ...... 1,613 1,422 ...... 1,422 

 Insurance Funds: 

 National Service Life............................................................................................ 96 ...... 96 720 ...... 720 750 ...... 750 

 Veterans Special Life........................................................................................... 15 2 13 107 72 35 101 75 26 

 Other ..................................................................................................................... 2 ...... 2 44 ...... 44 61 ...... 61 

 Total--Benefit Programs....................................................................................... 6,194 95 6,099 44,819 857 43,962 45,202 847 44,354 

 Departmental Administration: 

 Construction .......................................................................................................... 90 ...... 90 843 ...... 843 968 ...... 968 

 Information Technology Systems........................................................................... 360 ...... 360 2,314 ...... 2,314 2,267 ...... 2,267 

 General Operating Expenses................................................................................. 202 (**) 202 1,634 (**) 1,634 1,686 (**) 1,686 

 Other ..................................................................................................................... -87 (**) -88 777 1 776 367 ...... 367 

 Proprietary Receipts from the Public: 

 National Service Life.............................................................................................. ...... 6 -6 ...... 50 -50 ...... 63 -63 

 Other ..................................................................................................................... ...... 241 -241 ...... 2,230 -2,230 ...... 2,002 -2,002 

 Intrabudgetary Transactions .................................................................................... 9 ...... 9 -2 ...... -2 -9 ...... -9 

 Total--Department of Veterans Affairs ............................................................... 11,146 375 10,771 84,614 3,404 81,210 84,443 3,170 81,273 

Corps of Engineers: 

 Construction ............................................................................................................ 186 ...... 186 1,733 ...... 1,733 2,833 ...... 2,833 

 Operation and Maintenance..................................................................................... 182 ...... 182 1,286 ...... 1,286 2,240 ...... 2,240 

 Flood Control and Coastal Emergencies ................................................................. 123 ...... 123 842 ...... 842 1,237 ...... 1,237 

 Harbor Maintenance Trust Fund .............................................................................. 69 ...... 69 556 ...... 556 ...... ...... ...... 

 Rivers and Harbors Contributed Funds.................................................................... 42 ...... 42 327 ...... 327 269 ...... 269 

 Other ....................................................................................................................... 178 ...... 178 986 ...... 986 997 ...... 997 

 Proprietary Receipts from the Public........................................................................ ...... 50 -50 ...... 325 -325 ...... 344 -344 

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) (**) ...... (**) (**) ...... (**) 

 Total--Corps of Engineers................................................................................... 780 50 730 5,730 325 5,404 7,576 344 7,233 

Other Defense Civil Programs: 

 Military Retirement: 

 Payment to Military Retirement Fund..................................................................... ...... ...... ...... 64,751 ...... 64,751 61,404 ...... 61,404 

 Military Retirement Fund........................................................................................ 4,438 ...... 4,438 31,077 ...... 31,077 33,909 ...... 33,909 

 Retiree Health Care: 

 Payment to Department of Defense 

 Medicare-Eligible Retiree Health Care Fund......................................................... ...... ...... ...... 6,716 ...... 6,716 9,785 ...... 9,785 

 Department of Defense Medicare-Eligible 

 Retiree Health Care Fund..................................................................................... 667 ...... 667 5,996 ...... 5,996 5,782 ...... 5,782 

 Educational Benefits ................................................................................................ 37 ...... 37 288 ...... 288 309 ...... 309 

 Other ....................................................................................................................... 22 ...... 22 164 ...... 164 142 ...... 142 

 Proprietary Receipts from the Public........................................................................ ...... 1 -1 ...... 12 -12 ...... 7 -7 

 Intrabudgetary Transactions .................................................................................... -1,139 ...... -1,139 -77,415 ...... -77,415 -78,204 ...... -78,204 

 Total--Other Defense Civil Programs ................................................................. 4,024 1 4,023 31,576 12 31,565 33,126 7 33,118 

Environmental Protection Agency: 

 Science and Technology.......................................................................................... 90 ...... 90 556 ...... 556 563 ...... 563 

 Environmental Programs and Management............................................................. 301 ...... 301 1,832 ...... 1,832 1,796 ...... 1,796 

 State and Tribal Assistance Grants.......................................................................... 381 ...... 381 3,352 ...... 3,352 4,026 ...... 4,026 

 Payment to the Hazardous Substance Superfund ................................................... ...... ...... ...... 1,075 ...... 1,075 680 ...... 680 

 Hazardous Substance Superfund ............................................................................ 134 ...... 134 912 ...... 912 919 ...... 919 

 Other ....................................................................................................................... -2 (**) -2 155 22 133 244 23 221 

 Proprietary Receipts from the Public........................................................................ ...... 14 -14 ...... 25 -25 ...... 34 -34 

 Intrabudgetary Transactions .................................................................................... -7 ...... -7 -1,047 ...... -1,047 -676 ...... -676 

 Offsetting Governmental Receipts ........................................................................... ...... 2 -2 ...... 17 -17 ...... 23 -23 

 Total--Environmental Protection Agency........................................................... 897 16 881 6,835 65 6,771 7,552 80 7,472 

Executive Office of the President: 

 The White House..................................................................................................... 4 ...... 4 39 ...... 39 39 ...... 39 

 Office of Management and Budget .......................................................................... 7 ...... 7 60 ...... 60 62 ...... 62 

 Unanticipated Needs ............................................................................................... 11 ...... 11 13 ...... 13 81 ...... 81 

 Other ....................................................................................................................... 25 ...... 25 154 ...... 154 158 ...... 158 

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... (**) (**) ...... (**) (**) 

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) (**) ...... (**) (**) ...... (**) 

 Total--Executive Office of the President ............................................................ 47 (**) 47 266 (**) 265 340 (**) 340 

 
16

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

General Services Administration: 

 Real Property Activities............................................................................................ 154 ...... 154 1,037 ...... 1,037 1,148 ...... 1,148 

 Supply and Technology Activities ............................................................................ 214 ...... 214 -58 ...... -58 -16 ...... -16 

 General Activities..................................................................................................... 13 ...... 13 169 ...... 169 190 ...... 190 

 Proprietary Receipts from the Public........................................................................ ...... 24 -24 ...... 178 -178 ...... 67 -67 

 Intrabudgetary Transactions .................................................................................... -1 ...... -1 -6 ...... -6 -7 ...... -7 

 Total--General Services Administration............................................................. 380 24 356 1,142 178 965 1,314 67 1,247 

International Assistance Programs: 

 Millennium Challenge Corporation........................................................................... 119 ...... 119 987 ...... 987 1,007 ...... 1,007 

 International Security Assistance: 

 Foreign Military Financing Program....................................................................... 62 ...... 62 4,828 ...... 4,828 4,938 ...... 4,938 

 Economic Support Fund ........................................................................................ 870 ...... 870 3,333 ...... 3,333 3,900 ...... 3,900 

 Other ..................................................................................................................... 95 7 89 852 84 767 783 111 672 

 Total--International Security Assistance............................................................... 1,027 7 1,020 9,012 84 8,928 9,621 111 9,510 

 Multilateral Assistance: 

 Contribution to the International Development 

 Association ........................................................................................................... ...... ...... ...... ...... ...... ...... 120 ...... 120 

 Other ..................................................................................................................... 165 ...... 165 1,512 ...... 1,512 1,007 ...... 1,007 

 Total--Multilateral Assistance............................................................................... 165 ...... 165 1,512 ...... 1,512 1,127 ...... 1,127 

 Agency for International Development: 

 Development Assistance Program......................................................................... 91 ...... 91 1,138 ...... 1,138 971 ...... 971 

 Assistance for Europe, Eurasia and Central Asia................................................... 68 ...... 68 365 ...... 365 291 ...... 291 

 International Disaster Assistance........................................................................... -72 ...... -72 562 ...... 562 871 ...... 871 

 Operating Expenses .............................................................................................. -39 ...... -39 853 ...... 853 684 ...... 684 

 Other ..................................................................................................................... -10 28 -38 393 252 140 373 273 99 

 Proprietary Receipts from the Public...................................................................... ...... 8 -8 ...... 53 -53 ...... 88 -88 

 Intrabudgetary Transactions .................................................................................. -12 ...... -12 23 ...... 23 -20 ...... -20 

 Total--Agency for International Development....................................................... 26 35 -9 3,334 306 3,028 3,169 361 2,808 

 Overseas Private Investment Corporation: 

 Overseas Private Investment Corporation Accounts.............................................. 5 25 -20 50 155 -106 55 148 -93 

 Proprietary Receipts from the Public...................................................................... ...... 1 -1 ...... 44 -44 ...... 26 -26 

 Total--Overseas Private Investment Corporation ................................................. 5 26 -21 50 199 -150 55 174 -120 

 Peace Corps............................................................................................................ 29 (**) 29 248 (**) 248 256 (**) 255 

 International Monetary Programs............................................................................. 607 ...... 607 787 ...... 787 -296 ...... -296 

 Military Sales Programs: 

 Foreign Military Sales Trust Fund .......................................................................... 2,089 ...... 2,089 17,271 ...... 17,271 14,022 ...... 14,022 

 Other ..................................................................................................................... ...... ...... ...... ...... 100 -100 (**) ...... (**) 

 Proprietary Receipts from the Public...................................................................... ...... 1,896 -1,896 ...... 16,423 -16,423 ...... 15,618 -15,618 

 Other ....................................................................................................................... 7 (**) 7 74 1 73 89 1 88 

 Total--International Assistance Programs ......................................................... 4,074 1,965 2,109 33,273 17,113 16,161 29,050 16,266 12,784 

National Aeronautics and Space Administration: 

 Science.................................................................................................................... 384 ...... 384 3,108 ...... 3,108 3,093 ...... 3,093 

 Aeronautics.............................................................................................................. 47 ...... 47 392 ...... 392 394 ...... 394 

 Exploration............................................................................................................... 334 ...... 334 2,272 ...... 2,272 2,188 ...... 2,188 

 Cross Agency Support............................................................................................. 241 ...... 241 1,927 ...... 1,927 2,064 ...... 2,064 

 Space Operations.................................................................................................... 288 ...... 288 2,511 ...... 2,511 3,389 ...... 3,389 

 Other ....................................................................................................................... 45 ...... 45 378 ...... 378 407 ...... 407 

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 2 -2 ...... 3 -3 

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) 6 ...... 6 (**) ...... (**) 

 Total--National Aeronautics and Space 

 Administration .................................................................................................... 1,339 (**) 1,338 10,593 2 10,591 11,536 3 11,533 

National Science Foundation: 

 Research and Related Activities .............................................................................. 460 ...... 460 3,565 ...... 3,565 3,596 ...... 3,596 

 Education and Human Resources ........................................................................... 49 ...... 49 499 ...... 499 459 ...... 459 

 Other ....................................................................................................................... 46 ...... 46 410 ...... 410 355 ...... 355 

 Proprietary Receipts from the Public........................................................................ ...... 2 -2 ...... 30 -30 ...... 29 -29 

 Total--National Science Foundation................................................................... 554 2 552 4,474 30 4,444 4,410 29 4,382 

Office of Personnel Management: 

 Government Payment for Annuitants, Employees 

 Health and Life Insurance Benefits ......................................................................... 913 ...... 913 7,118 ...... 7,118 6,709 ...... 6,709 

 Civil Service Retirement and Disability Fund ........................................................... 6,189 ...... 6,189 48,984 ...... 48,984 46,928 ...... 46,928 

 Employees Life Insurance Fund .............................................................................. 247 604 -357 1,787 3,070 -1,283 1,680 3,095 -1,415 

 Employees and Retired Employees Health Benefits Fund....................................... 3,717 4,071 -354 28,324 29,719 -1,395 26,546 28,608 -2,062 

 Other ....................................................................................................................... -4 ...... -4 19 ...... 19 23 ...... 23 

 Proprietary Receipts from the Public........................................................................ ...... 1 -1 ...... 14 -14 ...... 4 -4 

 Intrabudgetary Transactions: 

 Postal Service Contributions.................................................................................. ...... ...... ...... -821 ...... -821 -783 ...... -783 

 Civil Service Retirement and Disability Fund: 

 Other.................................................................................................................... -5 ...... -5 -34 ...... -34 -33 ...... -33 

 Total--Office of Personnel Management ............................................................ 11,056 4,675 6,381 85,378 32,803 52,575 81,068 31,707 49,362 

 
17

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Small Business Administration: 

 Salaries and Expenses ............................................................................................ 66 ...... 66 267 ...... 267 202 (**) 202 

 Business Loans Program......................................................................................... 12 12 1 2,798 17 2,782 5,274 5 5,269 

 Disaster Loans Program .......................................................................................... 4 (**) 4 373 1 372 425 2 424 

 Other ....................................................................................................................... 3 1 2 24 6 17 16 6 10 

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 868 -868 ...... 153 -153 

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) (**) ...... (**) (**) ...... (**) 

 Total--Small Business Administration ............................................................... 85 13 72 3,462 892 2,570 5,918 165 5,752 

Social Security Administration: 

 Payments to Social Security Trust Funds ................................................................ 9,186 ...... 9,186 95,579 ...... 95,579 60,162 ...... 60,162 

 Supplemental Security Income Program.................................................................. 4,789 ...... 4,789 32,201 ...... 32,201 34,834 ...... 34,834 

 Federal Old-Age and Survivors Insurance Trust Fund 

 (Off-Budget): 

 Benefit Payments................................................................................................... 52,956 ...... 52,956 414,033 ...... 414,033 392,383 ...... 392,383 

 Administrative Expenses........................................................................................ 267 ...... 267 2,268 ...... 2,268 2,521 ...... 2,521 

 Other ..................................................................................................................... ...... ...... ...... ...... ...... ...... 113 ...... 113 

 Total--FOASI Trust Fund ..................................................................................... 53,222 ...... 53,222 416,301 ...... 416,301 395,017 ...... 395,017 

 Federal Disability Insurance Trust Fund 

 (Off-Budget): 

 Benefit Payments................................................................................................... 11,261 ...... 11,261 89,163 ...... 89,163 84,918 ...... 84,918 

 Administrative Expenses........................................................................................ 227 ...... 227 1,871 ...... 1,871 1,964 ...... 1,964 

 Other ..................................................................................................................... ...... ...... ...... ...... ...... ...... 3 ...... 3 

 Total--FDI Trust Fund .......................................................................................... 11,488 ...... 11,488 91,034 ...... 91,034 86,885 ...... 86,885 

 Other ....................................................................................................................... 17 ...... 17 136 ...... 136 155 ...... 155 

 Proprietary Receipts from the Public: 

 On-Budget ............................................................................................................. ...... 235 -235 ...... 1,780 -1,780 ...... 1,993 -1,993 

 Off-Budget ............................................................................................................. ...... 12 -12 ...... 81 -81 ...... 85 -85 

 Intrabudgetary Transactions: 

 On-Budget: 

 Quinquennial Adjustment for Military Service Credits 

 from FOASI and FDI ........................................................................................... ...... ...... ...... ...... ...... ...... -116 ...... -116 

 Off-Budget1 ............................................................................................................ -9,186 ...... -9,186 -95,578 ...... -95,578 -60,161 ...... -60,161 

 Total--Social Security Administration .............................................................. 69,517 246 69,270 539,673 1,861 537,812 516,776 2,078 514,698 

Other Independent Agencies: 

 Broadcasting Board of Governors............................................................................ 53 2 51 460 -2 462 485 -2 487 

 Bureau of Consumer Financial Protection................................................................ 17 ...... 17 139 (**) 139 22 ...... 22 

 Corporation for National and Community Service .................................................... 74 (**) 74 659 1 658 685 (**) 685 

 Corporation for Public Broadcasting ........................................................................ ...... ...... ...... 444 ...... 444 430 ...... 430 

 District of Columbia: 

 Courts.................................................................................................................... 27 ...... 27 218 ...... 218 215 ...... 215 

 General and Special Payments.............................................................................. 19 (**) 19 408 (**) 408 346 1 345 

 Equal Employment Opportunity Commission........................................................... 28 1 27 233 1 232 253 1 251 

 Export-Import Bank of the United States.................................................................. -72 4 -76 243 726 -483 -345 -11 -334 

 Federal Communications Commission: 

 Universal Service Fund.......................................................................................... 755 ...... 755 6,121 ...... 6,121 5,876 ...... 5,876 

 Spectrum Auction Program Account...................................................................... (**) ...... (**) 20 ...... 20 41 ...... 41 

 Other ..................................................................................................................... 41 2 39 215 19 196 193 19 175 

 Federal Deposit Insurance Corporation: 

 Deposit Insurance Fund......................................................................................... 725 15 710 3,996 12 3,985 -1,139 37 -1,176 

 FSLIC Resolution Fund.......................................................................................... 1 (**) (**) 54 57 -3 31 27 4 

 Total--Federal Deposit Insurance Corporation ..................................................... 725 15 710 4,051 69 3,982 -1,108 63 -1,172 

 Federal Drug Control Programs............................................................................... 25 ...... 25 279 ...... 279 195 ...... 195 

 Federal Housing Finance Agency............................................................................ 17 ...... 17 155 ...... 155 104 ...... 104 

 Intelligence Community Management Account........................................................ 95 ...... 95 427 ...... 427 432 ...... 432 

 Legal Services Corporation...................................................................................... 29 ...... 29 235 ...... 235 278 ...... 278 

 National Archives and Records Administration ........................................................ 35 2 33 271 19 252 318 12 306 

 National Credit Union Administration ....................................................................... 168 46 121 2,792 979 1,812 11,548 23,062 -11,515 

 National Endowment for the Arts ............................................................................. 13 (**) 13 101 1 101 111 (**) 111 

 National Endowment for the Humanities.................................................................. 13 (**) 13 99 1 98 94 1 93 

 Institute of Museum and Library Services ................................................................ 18 (**) 19 164 1 163 174 (**) 174 

 National Labor Relations Board ............................................................................... 22 (**) 22 180 (**) 180 194 (**) 194 

 Nuclear Regulatory Commission.............................................................................. 86 153 -67 695 648 47 717 604 113 

 Postal Service: 

 Off-Budget: 

 Public Enterprise Funds....................................................................................... 5,117 5,379 -261 47,274 47,162 113 47,109 46,042 1,066 

 Other.................................................................................................................... ...... ...... ...... 256 ...... 256 259 ...... 259 

 Other ..................................................................................................................... ...... ...... ...... 74 ...... 74 101 ...... 101 

 

 
18

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Other Independent Agencies: ―Continued 

 Railroad Retirement Board: 

 Federal Windfall Subsidy ....................................................................................... 4 ...... 4 33 ...... 33 38 ...... 38 

 Federal Payments to the Railroad Retirement Accounts........................................ 28 ...... 28 593 ...... 593 480 ...... 480 

 Railroad Unemployment Insurance Trust Fund: 

 Benefit Payments................................................................................................. 5 ...... 5 56 ...... 56 67 ...... 67 

 Transfer to Administrative Funds ......................................................................... 1 ...... 1 10 ...... 10 10 ...... 10 

 Rail Industry Pension Fund: 

 Benefit Payments................................................................................................. 400 ...... 400 3,164 ...... 3,164 3,048 ...... 3,048 

 Advances from FOASDI Fund.............................................................................. -118 ...... -118 -929 ...... -929 -912 ...... -912 

 OASDI Certifications............................................................................................ 118 ...... 118 929 ...... 929 912 ...... 912 

 Transfer to Administrative Funds ......................................................................... 5 ...... 5 44 ...... 44 44 ...... 44 

 Other.................................................................................................................... (**) ...... (**) (**) ...... (**) (**) ...... (**) 

 National Railroad Retirement Investment Trust: 

 Administrative Expenses...................................................................................... 2 ...... 2 49 ...... 49 49 ...... 49 

 Transfers to the Railroad Retirement Trust Funds from 

 the National Railroad Retirement Investment Trust............................................. 187 ...... 187 1,234 ...... 1,234 1,190 ...... 1,190 

 Railroad Social Security Equivalent Benefit Account: 

 Benefit Payments................................................................................................. 547 ...... 547 4,312 ...... 4,312 4,189 ...... 4,189 

 Transfer to Administrative Funds ......................................................................... 2 ...... 2 20 ...... 20 21 ...... 21 

 Other ..................................................................................................................... 2 ...... 2 6 ...... 6 12 ...... 12 

 Proprietary Receipts from the Public...................................................................... ...... -71 71 ...... 1,344 -1,344 ...... 4,828 -4,828 

 Intrabudgetary Transactions: 

 Other.................................................................................................................... -215 ...... -215 -1,827 ...... -1,827 -1,671 ...... -1,671 

 Total--Railroad Retirement Board ...................................................................... 968 -71 1,039 7,695 1,344 6,352 7,475 4,828 2,647 

 Securities and Exchange Commission..................................................................... 89 (**) 89 307 (**) 306 183 (**) 183 

 Smithsonian Institution............................................................................................. 76 (**) 76 656 (**) 656 616 (**) 616 

 Tennessee Valley Authority ..................................................................................... 3,646 4,207 -561 28,142 27,765 377 22,114 21,983 131 

 Other ....................................................................................................................... 449 9 440 2,302 266 2,036 1,852 313 1,539 

 Total--Other Independent Agencies ................................................................... 12,533 9,749 2,784 105,315 78,998 26,317 100,966 96,918 4,048 

Undistributed Offsetting Receipts: 

 Other Interest........................................................................................................... ...... ...... ...... ...... (**) (**) ...... ...... ...... 

 Employer Share, Employee Retirement: 

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -297 ...... -297 -2,325 ...... -2,325 -2,220 ...... -2,220 

 Postal Service Employer Contributions.............................................................. -48 ...... -48 -390 ...... -390 -438 ...... -438 

 Department of State: 

 Foreign Service Retirement and Disability Fund .................................................. -36 ...... -36 -218 ...... -218 -197 ...... -197 

 Other Defense Civil Programs: 

 Military Retirement Fund...................................................................................... -1,608 ...... -1,608 -19,877 ...... -19,877 -18,678 ...... -18,678 

 Department of Defense Medicare-Eligible 

 Retiree Health Care Fund ................................................................................... ...... ...... ...... -11,145 ...... -11,145 -11,315 ...... -11,315 

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund ....................................................... -2,390 ...... -2,390 -17,285 ...... -17,285 -15,883 ...... -15,883 

 Social Security Administration (Off-Budget): 

 Federal Old-Age and Survivors Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -1,175 ...... -1,175 -8,719 ...... -8,719 -8,402 ...... -8,402 

 Federal Disability Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -199 ...... -199 -1,478 ...... -1,478 -1,426 ...... -1,426 

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

 Total--Employer Share, Employee Retirement..................................................... -5,754 ...... -5,754 -61,438 ...... -61,438 -58,560 ...... -58,560 

 
19

Table 5. Outlays of the U.S. Government, May 2012 and Other Periods ―Continued 

[$ millions] 

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

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Undistributed Offsetting Receipts: ─Continued 

 Interest Received by Trust Funds: 

 Judicial Branch: 

 Judicial Survivors Annuity Fund........................................................................... -1 ...... -1 -6 ...... -6 -9 ...... -9 

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund................................................................ -10 ...... -10 -5,807 ...... -5,807 -6,709 ...... -6,709 

 Federal Supplementary Medical Insurance Trust Fund........................................ -11 ...... -11 -1,511 ...... -1,511 -1,646 ...... -1,646 

 Department of Homeland Security: 

 Oil Spill Liability Trust Fund ................................................................................. -9 ...... -9 -23 ...... -23 -20 ...... -20 

 Other.................................................................................................................... (**) ...... (**) -8 ...... -8 6 ...... 6 

 Department of Labor: 

 Unemployment Trust Fund .................................................................................. -10 ...... -10 -258 ...... -258 -366 ...... -366 

 Department of State: 

 Foreign Service Retirement and Disability Fund .................................................. (**) ...... (**) -363 ...... -363 -374 ...... -374 

 Department of Transportation: 

 Airport and Airway Trust Fund ............................................................................. -1 ...... -1 -108 ...... -108 -102 ...... -102 

 Department of Veterans Affairs: 

 National Service Life Insurance Fund .................................................................. -2 ...... -2 -192 ...... -192 -217 ...... -217 

 United States Government Life Insurance Fund .................................................. (**) ...... (**) (**) ...... (**) -1 ...... -1 

 Corps of Engineers ................................................................................................ -32 ...... -32 -11 ...... -11 -118 ...... -118 

 Other Defense Civil Programs: 

 Military Retirement Fund...................................................................................... -2,387 ...... -2,387 -11,033 ...... -11,033 -12,945 ...... -12,945 

 Educational Benefits Fund................................................................................... -17 ...... -17 -47 ...... -47 -56 ...... -56 

 Armed Forces Retirement Home ......................................................................... -1 ...... -1 -4 ...... -4 -6 ...... -6 

 Environmental Protection Agency .......................................................................... (**) ...... (**) -42 ...... -42 -88 ...... -88 

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund ....................................................... -36 ...... -36 -17,507 ...... -17,507 -17,959 ...... -17,959 

 Social Security Administration (Off-Budget): 

 Federal Old-Age and Survivors Insurance Trust Fund ......................................... -107 ...... -107 -52,704 ...... -52,704 -53,907 ...... -53,907 

 Federal Disability Insurance Trust Fund............................................................... -38 ...... -38 -3,851 ...... -3,851 -4,513 ...... -4,513 

 Independent Agencies: 

 Railroad Retirement Board .................................................................................. -8 ...... -8 -46 ...... -46 -56 ...... -56 

 Other.................................................................................................................... -3 ...... -3 -12 ...... -12 -15 ...... -15 

 Other ..................................................................................................................... -35 ...... -35 -53 ...... -53 -125 ...... -125 

 Total--Interest Received by Trust Funds.............................................................. -2,706 ...... -2,706 -93,585 ...... -93,585 -99,227 ...... -99,227 

 Rents and Royalties on the Outer Continental Shelf Lands ..................................... ...... 401 -401 ...... 4,497 -4,497 ...... 4,127 -4,127 

 Sale of Major Assets................................................................................................ ...... ...... ...... ...... ...... ...... ...... 108 -108 

 Total--Undistributed Offsetting Receipts ........................................................... -8,460 401 -8,861 -155,023 4,497 -159,519 -157,787 4,235 -162,022 

 Total Outlays.......................................................................................................... 337,180 31,832 305,348 2,683,891 275,493 2,408,399 2,736,010 324,190 2,411,821 

 Total On-Budget................................................................................................... 278,057 26,441 251,615 2,291,356 228,250 2,063,106 2,335,151 278,063 2,057,088 

 Total Off-Budget .................................................................................................. 59,123 5,390 53,733 392,535 47,243 345,292 400,859 46,127 354,732 

 Total Surplus (+) or Deficit.................................................................................... -124,636 -844,494 -927,445 

 Total On-Budget................................................................................................... -117,224 -878,450 -955,700 

 Total Off-Budget .................................................................................................. -7,411 +33,955 +28,254 

MEMORANDUM 

 Receipts Offset Against Outlays (In Millions) 

Current 

Fiscal Year 

to Date 

Comparable 

Period Prior 

Fiscal Year 

 Proprietary Receipts...................................................................... 133,343 166,227 

 Receipts from Off-Budget Federal Entities .................................... ...... ...... 

 Intrabudgetary Transactions.......................................................... 535,758 514,333 

 Governmental Receipts................................................................. 5,793 4,990 

 Total Receipts Offset Against Outlays ...................................... 674,893 685,550 

1Includes FICA and SECA tax credits, non-contributory military service credits, special 

benefits for the aged, and credit for the unnegotiated OASI benefit checks. 

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

... No Transactions 

(**) Less than $500,000
20

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, May 2012 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of either 

liability or asset accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Assets and Liabilities 

Directly Related to 

Budget Off-Budget Activity This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Liability Accounts: 

 Borrowing from the Public: 

 Treasury Securities, Issued Under General 

 Financing Authorities: 

 Debt Held by the Public .................................................................................................... 90,180 879,220 700,648 10,127,031 10,916,070 11,006,251 

 Intragovernmental Holdings .............................................................................................. -11,863 101,125 82,398 4,663,309 4,776,297 4,764,434 

 Total Treasury Securities Outstanding............................................................................ 78,317 980,345 783,045 14,790,340 15,692,368 15,770,685 

 Plus Premium on Treasury Securities........................................................................... 436 6,547 2,560 20,743 26,855 27,291 

 Less Discount on Treasury Securities........................................................................... 506 758 1,756 73,848 74,099 74,605 

 Total Treasury Securities Net Of 

 Premium and Discount............................................................................................... 78,247 986,134 783,850 14,737,235 15,645,123 15,723,370 

 Agency Securities, Issued Under Special Financing 

 Authorities (See Schedule B. for Other Agency 

 Borrowing, See Schedule C)............................................................................................. -529 -489 655 24,988 25,028 24,499 

 Total Federal Securities.................................................................................................... 77,717 985,645 784,505 14,762,223 15,670,151 15,747,868 

 Deduct: 

 Federal Securities Held As Investments 

 of Government Accounts (See Schedule D) ................................................................ -12,004 100,817 82,637 4,658,307 4,771,128 4,759,124 

 Less Discount on Federal Securities Held As 

 Investments of Government Accounts ....................................................................... -100 -752 -1,020 23,688 23,036 22,936 

 Net Federal Securities Held As Investments 

 of Government Accounts.......................................................................................... -11,904 101,569 83,657 4,634,619 4,748,092 4,736,188 

 Total Borrowing from the Public .............................................................................. 89,621 884,076 700,849 10,127,604 10,922,059 11,011,680 

 Accrued Interest Payable to the Public ................................................................................. -16,317 -6,724 -2,383 51,527 61,120 44,803 

 Allocations of Special Drawing Rights................................................................................... -1,423 -1,814 1,574 55,150 54,759 53,336 

 Deposit Funds ...................................................................................................................... -926 4,783 60,528 12,167 17,876 16,950 

 Miscellaneous Liability Accounts (Includes Checks 

 Outstanding Etc.)................................................................................................................. -4,720 757 5,278 10,941 16,418 11,697 

 Total Liability Accounts .................................................................................................. 66,235 881,078 765,846 10,257,388 11,072,231 11,138,466 

Asset Accounts (Deduct) 

 Cash and Monetary Assets: 

 U.S. Treasury Operating Cash:1 

 Federal Reserve Account ................................................................................................. -54,251 56,084 4,757 56,284 166,619 112,369 

 Supplementary Financing Program Account..................................................................... ...... ...... -194,962 ...... ...... ...... 

 Tax and Loan Note Accounts............................................................................................ ...... -1,805 -10 1,805 ...... ...... 

 Balance........................................................................................................................... -54,251 54,279 -190,215 58,090 166,619 112,369 

 Special Drawing Rights: 

 Total Holdings................................................................................................................... -1,432 -1,796 -266 55,875 55,512 54,080 

 SDR Certificates Issued to Federal Reserve Banks.......................................................... ...... ...... ...... -5,200 -5,200 -5,200 

 Balance........................................................................................................................... -1,432 -1,796 -266 50,675 50,312 48,880 

 Reserve Position on the U.S. Quota in the IMF: 

 U.S. Subscription to International Monetary Fund: 

 Direct Quota Payments................................................................................................... ...... ...... 7,899 54,424 54,424 54,424 

 Maintenance of Value Adjustments................................................................................. -1,697 -2,164 1,718 11,356 10,889 9,192 

 Letter of Credit Issued to IMF ........................................................................................... 100 928 4,094 -44,675 -43,847 -43,747 

 Dollar Deposits with the IMF ............................................................................................. -8 -15 -3,765 -153 -160 -168 

 Receivable/payable (-) for Interim Maintenance 

 of Value Adjustments....................................................................................................... 1,090 1,396 -1,238 1,705 2,012 3,102 

 Balance........................................................................................................................... -515 146 8,708 22,657 23,318 22,802 

 Loans to International Monetary Fund ................................................................................ ...... 4,781 ...... 6,230 11,011 11,011 

 Other Cash and Monetary Assets....................................................................................... -239 -367 -243 25,501 25,373 25,134 

 Total Cash and Monetary Assets...................................................................................... -56,437 57,043 -182,016 163,153 276,633 220,196 

 Non-Federal Securities of the National Railroad 

 Retirement Investment Trust................................................................................................ -234 -6 4,330 22,946 23,175 22,940 

 Net Activity, Guaranteed Loan Financing (See Schedule E)................................................. 164 3,189 -1,289 -22,110 -19,086 -18,922 

 Net Activity, Direct Loan Financing (See Schedule E) .......................................................... 1,756 -24,664 13,514 792,423 766,004 767,759 

 Miscellaneous Asset Accounts ............................................................................................. -3,649 1,021 3,861 -332 4,338 689 

 Total Asset Accounts ...................................................................................................... -58,401 36,584 -161,600 956,079 1,051,064 992,663 

Excess of Liabilities (+) or Assets (-)....................................................................................... 124,636 844,494 927,445 9,301,309 10,021,168 10,145,803 

Transactions Not Applied to Current Year's Surplus 

Or Deficit (See Schedule A for Details)................................................................................... ...... ...... ...... ...... ...... ...... 

Total Budget and Off-Budget Federal Entities 

 (Financing of Deficit (+) or Disposition Of Surplus (-)) .................................................... 124,636 844,494 927,445 9,301,309 10,021,168 10,145,803 

1

Major sources of information used to determine Treasury’s operating cash balance include 

Federal Reserve Banks, the Treasury Regional Finance Centers, the Internal Revenue 

Service Centers, the Bureau of the Public Debt and various electronic systems. Deposits 

are reflected as received and withdrawals are reflected as processed.

... No Transactions 

Note: Details may not add to totals due to rounding. 
21

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, May 2012 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 ................................................................................................................. 10,021,168 9,302,250 8,003,515 

 Adjustments During Current Fiscal Year for 

 Changes in Composition of Unified Budget: 

 Revisions by Federal Agencies to the Prior Budget Results ............................................. (**) -941 999 

Excess of Liabilities Beginning of Period (Current Basis)........................................................ 10,021,168 9,301,309 8,004,514 

Budget Surplus (-) or Deficit: 

 Based on Composition of Unified Budget in Prior Fiscal Year........................................... 124,636 844,494 927,445 

Total Surplus (-) or Deficit (Table 2)........................................................................................ 124,636 844,494 927,445 

 Total-On-Budget (Table 2).................................................................................................... 117,224 878,450 955,700 

 Total-Off-Budget (Table 2).................................................................................................... 7,411 -33,955 -28,254 

Transactions Not Applied to Current Year's Surplus or Deficit: 

 Total-Transactions Not Applied to Current Year's Surplus of Deficit: ...... ...... ...... 

Excess of Liabilities Close of Period .................................................................................. 10,145,803 10,145,803 8,931,959 

... No Transactions 

(**) Less than $500,000 

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

Table 6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, May 2012 and 

 Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

liability accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Agency Securities, Issued Under Special Financing 

 Authorities: 

 Obligations Guaranteed by the United States, 

 Issued By: 

 Department of Housing and Urban Development: 

 Federal Housing Administration........................................................................................ ...... ...... 2 29 29 29 

 Obligations Not Guaranteed by the United States, 

 Issued By: 

 Legislative Branch: 

 Architect of the Capitol...................................................................................................... 1 -1 -1 133 131 132 

 Independent Agencies: 

 Federal Communications Commission.............................................................................. ...... ...... ...... (**) (**) (**) 

 National Archives and Records Administration ................................................................. ...... -7 -7 166 158 158 

 Tennessee Valley Authority .............................................................................................. -530 -481 661 24,660 24,710 24,179 

 Total Agency Securities ............................................................................................... -529 -489 655 24,988 25,028 24,499 

... No Transactions 

(**) Less than $500,000 

Note: Details may not add to totals due to rounding. 
22

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

 May 2012 and Other Periods 

[$ millions] 

Transactions Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Borrowing from the Treasury: 

 Department of Agriculture: 

 Farm Service Agency: 

 Commodity Credit Corporation.......................................................................................... ...... ...... -689 705 705 705 

 Agricultural Credit Insurance Fund.................................................................................... -18 -181 225 7,647 7,484 7,466 

 Farm Storage Facility Loans ............................................................................................. ...... 169 189 997 1,165 1,165 

 Emergency Boll Weevil Loan Fund ................................................................................... ...... ...... (**) ...... ...... ...... 

 Rural Housing Service: 

 Rural Housing Insurance .................................................................................................. 104 541 850 15,511 15,948 16,051 

 Rural Community Facility Loans Fund .............................................................................. 72 331 464 3,714 3,973 4,045 

 Multifamily Housing Revitalization Loan Account.............................................................. 4 -9 75 214 201 205 

 Rural Business - Cooperative Service: 

 Rural Business and Industry Loans .................................................................................. ...... -9 (**) 53 44 44 

 Rural Development Loan Fund ......................................................................................... 1 -3 9 308 304 305 

 Rural Economic Development Loan Fund......................................................................... 1 5 16 112 116 117 

 Renewable Energy Guaranteed Loan Account ................................................................. ...... (**) ...... 7 7 7 

 Rural Microenterprise Investment Loans........................................................................... (**) 2 5 8 10 11 

 Biorefinery Assistance Loan Account................................................................................ ...... -36 ...... 36 ...... ...... 

 Rural Utilities Service: 

 Rural Water and Waste Disposal Fund............................................................................. 123 577 735 10,310 10,764 10,887 

 Rural Electrification and Telecommunications Fund ......................................................... 139 217 371 13,424 13,502 13,641 

 Rural Telephone Bank ...................................................................................................... (**) -8 14 405 397 397 

 Distance Learning and Telemedicine Program ................................................................. 24 197 169 744 916 940 

 Foreign Agricultural Service................................................................................................ ...... ...... ...... 1,163 1,163 1,163 

 Department of Commerce: 

 National Oceanic and Atmospheric Administration: 

 Fisheries Finance ............................................................................................................. 1 37 41 539 576 577 

 Fishing Vessel Obligations................................................................................................ ...... ...... ...... 1 1 1 

 Department of Defense - Military Programs: 

 Arms Initiative Loans .......................................................................................................... ...... (**) ...... (**) (**) (**) 

 Family Housing Improvement Loans................................................................................... 45 107 103 778 841 886 

 Department of Education: 

 College Housing and Academic Facilities Loans................................................................. ...... -7 ...... 57 50 50 

 Federal Direct Student Loans ............................................................................................. 1,351 150,191 112,754 436,233 585,073 586,424 

 Teach Grant Loans ............................................................................................................. ...... 78 86 281 358 358 

 Temporary Student Loan Purchase Authority ..................................................................... ...... -50 -3,255 80,265 80,215 80,215 

 Federal Family Education Loans......................................................................................... ...... ...... ...... 29,484 29,484 29,484 

 Department of Energy: 

 Bonneville Power Administration Fund ............................................................................... 165 475 535 2,943 3,253 3,418 

 Western Area Power Administration - Recovery Act........................................................... ...... 28 73 161 189 189 

 Department of Health and Human Services: 

 Health Education Assistance Loans.................................................................................... ...... ...... ...... 1 1 1 

 Consumer Operated and Oriented Plan.............................................................................. ...... 150 ...... ...... 150 150 

 Department of Homeland Security: 

 National Flood Insurance Fund........................................................................................... ...... ...... -750 17,750 17,750 17,750 

 Disaster Assistance Loan Fund .......................................................................................... ...... ...... ...... 4 4 4 

 Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Low-Rent Public Housing - Loans and Other Expenses ................................................... ...... ...... ...... 20 20 20 

 Housing Programs: 

 Emergency Homeowners' Relief Fund.............................................................................. -1 -18 ...... 23 6 5 

 Federal Housing Administration........................................................................................ ...... ...... ...... 6,032 6,032 6,032 

 Green Retrofit Program for Multifamily Housing-Recovery Act ......................................... ...... ...... ...... 15 15 15 

 

 
23

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

 May 2012 and Other Periods 

[$ millions] 

Transactions Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Borrowing from the Treasury: ―Continued 

 Department of the Interior: 

 Helium Fund ....................................................................................................................... ...... ...... ...... 224 224 224 

 Bureau of Reclamation Loan Fund ..................................................................................... (**) (**) 19 36 36 37 

 Bureau of Indian Affairs ...................................................................................................... ...... -1 ...... 7 5 5 

 Assistance to American Samoa Loan Fund ........................................................................ ...... ...... ...... 10 10 10 

 Department of Labor: 

 Black Lung Disability Trust Fund......................................................................................... ...... ...... ...... 5,533 5,533 5,533 

 Department of State: 

 Repatriation Loans.............................................................................................................. ...... (**) (**) 3 3 3 

 Department of Transportation: 

 Federal Aviation Administration: 

 Aircraft Purchase Loan Guarantee Program ..................................................................... ...... (**) ...... (**) ...... ...... 

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. 140 379 808 3,633 3,873 4,013 

 Federal Railroad Administration: 

 Railroad Rehabilitation and Improvement Loan Fund ....................................................... 23 152 23 509 637 660 

 Other................................................................................................................................. ...... ...... ...... (**) (**) (**) 

 Maritime Administration: 

 Ocean Freight Differential ................................................................................................. ...... -83 -124 95 13 13 

 Maritime Guaranteed Loan (Title XI) Fund........................................................................ ...... -35 ...... 104 69 69 

 Department of Treasury: 

 Departmental Offices: 

 Community Development Financial Institutions Fund ....................................................... ...... 3 ...... 36 39 39 

 Housing and Economic Recovery Programs..................................................................... -71,950 -71,890 -11,634 71,890 71,950 ...... 

 Temporary Credit and Liquidity Program .......................................................................... ...... 139 -616 14,852 14,990 14,990 

 Troubled Assets Insurance Financing Fund...................................................................... -13 -73 -1,600 833 773 760 

 Troubled Asset Relief Program......................................................................................... -48,165 -65,306 -7,458 128,664 111,523 63,358 

 Small Business Lending Financing Fund .......................................................................... ...... 376 16,140 3,736 4,112 4,112 

 Federal Financing Bank Revolving Fund ............................................................................ 391 6,246 -4,386 45,257 51,112 51,503 

 Department of Veterans Affairs: 

 Veterans Housing Benefit Program Fund............................................................................ ...... 1,278 1,438 1,599 2,877 2,877 

 Native American Veteran Housing Fund............................................................................. ...... 11 29 74 85 85 

 Vocational Rehabilitation Loan Fund .................................................................................. ...... 3 1 1 4 4 

 Corps of Engineers: 

 Washington Aqueduct......................................................................................................... ...... -1 (**) 5 5 5 

 Environmental Protection Agency: 

 Abatement, Control, and Compliance Loan Program.......................................................... ...... ...... (**) 3 3 3 

 General Services Administration: 

 Land Acquisition and Development Fund............................................................................ ...... (**) ...... (**) ...... ...... 

 International Assistance Program: 

 International Security Assistance: 

 Foreign Military Loan Program.......................................................................................... ...... ...... ...... 11 11 11 

 Military Debt Reduction..................................................................................................... ...... ...... ...... 32 32 32 

 Agency for International Development: 

 International Debt Reduction ............................................................................................ ...... ...... ...... 478 478 478 

 Development Credit Authority Loan Fund ......................................................................... ...... ...... ...... (**) (**) (**) 

 Overseas Private Investment Corporation .......................................................................... 17 241 240 1,828 2,052 2,069 

 International Monetary Programs........................................................................................ ...... 4,072 1,929 1,948 6,020 6,020 

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... ...... -2,287 -307 3,905 1,619 1,619 

 Disaster Loan Fund ............................................................................................................ ...... -919 -407 7,284 6,366 6,366 

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. 72 3,734 618 8,279 11,941 12,013 

 Federal Communications Commission: 

 Spectrum Auction Loan Fund ........................................................................................... -33 -50 -40 50 33 ...... 

 National Credit Union Administration .................................................................................. ...... -300 ...... 3,500 3,200 3,200 

 Presidio Trust Fund ............................................................................................................ ...... ...... ...... 50 50 50 

 Railroad Retirement Board: 

 Social Security Equivalent Benefit Account....................................................................... 235 2,395 2,522 3,484 5,644 5,879 

 Smithsonian Institution: 

 John F. Kennedy Center Parking Facilities ....................................................................... ...... ...... ...... 20 20 20 

 Total Agency Borrowing from the Treasury 

 Financed Through Treasury Securities Issued ............................................................ -117,273 30,869 109,214 937,923 1,086,064 968,791 

 
24

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

 May 2012 and Other Periods 

[$ millions] 

Transactions Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Borrowing from the Federal Financing Bank: 

 Department of Agriculture: 

 Rural Utilities Service: 

 Rural Electrification and Telecommunications Fund ......................................................... 435 2,349 1,708 34,178 36,092 36,527 

 Department of Defense - Military Programs: 

 Department of the Navy...................................................................................................... ...... ...... ...... 1,624 1,624 1,624 

 Defense Agencies............................................................................................................... ...... ...... ...... -1,624 -1,624 -1,624 

 Department of Education: 

 Historically Black College and University Capital 

 Financing Fund.................................................................................................................. 41 76 44 778 814 855 

 Department of Energy: 

 Title 17 Innovative Technology Loans................................................................................. 198 3,432 2,306 6,921 10,155 10,353 

 Department of Health and Human Services: 

 Health Maintenance Organization Loan and 

 Loan Guarantee Fund........................................................................................................ ...... ...... ...... (**) (**) (**) 

 Department of Transportation: 

 Railroad Rehabilitation and Improvement Loan Fund ......................................................... ...... (**) (**) 1 1 1 

 Department of Veterans Affairs: 

 Guaranteed Transitional Housing for Homeless Veterans .................................................. ...... (**) (**) 5 5 5 

 General Services Administration: 

 Federal Buildings Fund....................................................................................................... (**) -50 -46 1,897 1,846 1,846 

 International Assistance Program: 

 Foreign Military Financing Program .................................................................................... -1 -49 -69 294 247 246 

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... (**) (**) -1 1 (**) (**) 

 Independent Agencies: 

 National Credit Union Administration .................................................................................. ...... ...... -10,101 ...... ...... ...... 

 Postal Service..................................................................................................................... -282 -257 865 13,000 13,024 12,743 

 Total Borrowing from the Federal Financing Bank....................................................... 391 5,500 -5,294 57,075 62,185 62,575 

Note: This table includes lending by the Federal Financing Bank accomplished by the 

purchase of agency financial assets, by the acquisition of agency debt securities, and by 

direct loans on behalf of an agency. The Federal Financing Bank borrows from Treasury 

and issues its own securities and in turn may loan these funds to agencies in lieu of 

agencies borrowing directly through Treasury or issuing their own securities. 

... No Transactions 

(**) Less than $500,000 

Note: Details may not add to totals due to rounding. 
25

This Page Left Blank Intentionally 
26

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2012 and Other Periods 

[$ millions] 

Net Purchases or Sales (-) Securities Held as Investments 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Federal Funds: 

 Department of Agriculture..................................................................................................... ...... 12 -2 134 146 146 

 Department of Commerce..................................................................................................... ...... 3 3 ...... 3 3 

 Department of Defense-Military Programs: 

 Defense Cooperation Account ............................................................................................ ...... ...... 1 8 8 8 

 Department of Energy........................................................................................................... 105 658 516 53,274 53,827 53,932 

 Department of Health and Human Services.......................................................................... ...... 2 3 2,093 2,096 2,096 

 Department of Housing and Urban Development: 

 Housing Programs: 

 Federal Housing Administration Fund............................................................................... 572 3,492 4,069 4,161 7,081 7,652 

 Government National Mortgage Association: 

 Guarantees of Mortgage-Backed Securities ..................................................................... -2 9 -31 2,134 2,144 2,142 

 Department of the Interior..................................................................................................... 84 537 -84 6,808 7,261 7,345 

 Department of Labor............................................................................................................. 266 143 171 15,793 15,671 15,936 

 Department of Transportation ............................................................................................... 104 132 102 1,675 1,703 1,806 

 Department of the Treasury.................................................................................................. -19 32 2,222 24,799 24,850 24,831 

 Department of Veterans Affairs: 

 Veterans Reopened Insurance Fund .................................................................................. -4 -21 -20 281 265 260 

 Servicemen's Group Life Insurance Fund ........................................................................... ...... (**) (**) 1 1 1 

 Other Defense Civil Programs: 

 Uniformed Services Retiree Health Care Fund ................................................................... 769 16,258 19,896 161,741 177,230 177,999 

 Office of Personnel Management: 

 Postal Service Contributions............................................................................................... ...... 821 783 43,708 44,528 44,528 

 Independent Agencies: 

 Federal Deposit Insurance Corporation: 

 Deposit Insurance Fund.................................................................................................... -709 -3,984 1,169 42,227 38,952 38,242 

 FSLIC Resolution Fund..................................................................................................... (**) 48 -13 3,374 3,422 3,422 

 Federal Housing Finance Agency ....................................................................................... -14 53 74 78 145 131 

 National Credit Union Administration .................................................................................. -122 -2,080 1,363 15,075 13,117 12,995 

 Postal Service..................................................................................................................... (**) -758 -392 1,815 1,057 1,057 

 Tennessee Valley Authority ................................................................................................ (**) (**) 400 25 25 25 

 Other .................................................................................................................................. -161 214 358 14,849 15,224 15,062 

 Other .................................................................................................................................... -22 -161 383 8,083 7,944 7,922 

 Total Treasury Securities.................................................................................................. 846 15,407 30,971 402,135 416,697 417,542 

 Total Federal Funds...................................................................................................... 846 15,407 30,971 402,135 416,697 417,542 

Trust Funds: 

 Legislative Branch: 

 Library of Congress ............................................................................................................ 4 4 4 40 41 44 

 United States Tax Court...................................................................................................... ...... (**) (**) 11 11 11 

 Other .................................................................................................................................. -1 3 2 33 38 36 

 Judicial Branch: 

 Judicial Retirement Funds .................................................................................................. -1 65 66 918 984 983 

 Department of Agriculture..................................................................................................... ...... ...... -26 ...... ...... ...... 

 Department of Defense-Military Programs: 

 Voluntary Separation Incentive Fund.................................................................................. -10 11 13 358 380 369 

 Other .................................................................................................................................. -17 -27 -5 859 850 832 

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund............................................................................... -8,145 -8,638 -18,585 245,939 245,447 237,301 

 Federal Supplementary Medical Insurance Trust 

 Fund .................................................................................................................................. -3,184 5,271 7,383 70,446 78,901 75,717 

 Other .................................................................................................................................. 49 65 131 3,137 3,153 3,202 

 

 
27

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2012 and Other Periods 

[$ millions] 

Net Purchases or Sales (-) Securities Held as Investments 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Trust Funds: ─Continued 

 Department of Homeland Security........................................................................................ 46 218 447 4,108 4,280 4,326 

 Department of the Interior..................................................................................................... 7 -13 -10 58 38 45 

 Department of Labor: 

 Unemployment Trust Fund ................................................................................................. 9,538 4,782 4,965 16,030 11,275 20,813 

 Other .................................................................................................................................. -10 -22 -20 62 50 40 

 Department of State: 

 Foreign Service Retirement and Disability Fund ................................................................. -34 179 191 16,397 16,610 16,576 

 Other .................................................................................................................................. ...... -10 -6 36 26 26 

 Department of Transportation: 

 Airport and Airway Trust Fund ............................................................................................ 153 892 26 8,641 9,380 9,533 

 Highway Trust Fund............................................................................................................ 438 -43 -277 16,302 15,820 16,259 

 Department of Treasury........................................................................................................ -74 -6 -116 1,239 1,308 1,234 

 Department of Veterans Affairs: 

 General Post Fund, National Homes .................................................................................. -9 -28 2 81 63 53 

 National Service Life Insurance .......................................................................................... -87 -475 -468 7,541 7,152 7,066 

 United States Government Life Insurance Fund ................................................................. (**) -3 -3 17 14 14 

 Veterans Special Life Insurance Fund ................................................................................ -12 -34 -26 1,981 1,959 1,947 

 Corps of Engineers ............................................................................................................... 97 475 1,035 6,377 6,755 6,852 

 Other Defense Civil Programs: 

 Military Retirement Fund..................................................................................................... -300 57,799 52,783 326,040 384,140 383,840 

 Other .................................................................................................................................. -14 -153 -88 2,171 2,032 2,018 

 Environmental Protection Agency......................................................................................... -120 338 -83 6,959 7,417 7,297 

 National Aeronautics and Space Administration ................................................................... ...... (**) (**) 15 15 15 

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund: 

 Treasury Securities........................................................................................................... -3,410 -11,641 -28,631 803,813 795,582 792,172 

 Employees Life Insurance Fund.......................................................................................... 356 1,287 1,420 39,678 40,609 40,965 

 Employees and Retired Employees Health Benefits Fund.................................................. 354 1,398 2,064 19,194 20,238 20,592 

 Social Security Administration: 

 Federal Old-Age and Survivors Insurance Trust 

 Fund .................................................................................................................................. -4,797 53,749 47,503 2,492,531 2,551,077 2,546,280 

 Federal Disability Insurance Trust Fund.............................................................................. -3,462 -20,016 -17,583 161,965 145,412 141,950 

 Independent Agencies: 

 Harry S. Truman Memorial Scholarship Trust Fund............................................................ (**) 6 -2 48 53 53 

 Japan-United States Friendship Commission ..................................................................... ...... (**) (**) 39 38 38 

 Railroad Retirement Board: 

 Treasury Securities........................................................................................................... -113 -163 -606 2,157 2,107 1,994 

 Agency Securities............................................................................................................. ...... ...... 3 6 6 6 

 Other .................................................................................................................................. -88 140 161 946 1,173 1,085 

 Total Treasury Securities.................................................................................................. -12,850 85,409 51,663 4,256,166 4,354,425 4,341,576 

 Total Agency Securities .................................................................................................... ...... ...... 3 6 6 6 

 Total Trust Funds ......................................................................................................... -12,850 85,409 51,666 4,256,172 4,354,431 4,341,582 

Grand Total ........................................................................................................................... -12,004 100,817 82,637 4,658,307 4,771,128 4,759,124 

... No Transactions 

(**) Less than $500,000 

Note: Investments are in Treasury securities unless otherwise noted..

Note: Details may not add to totals due to rounding. 
28

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2012 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

assets accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Guaranteed Loan Financing Activity: 

 Department of Agriculture: 

 Farm Service Agency: 

 Commodity Credit Corporation Export Fund ..................................................................... -81 -116 14 524 490 409 

 Agricultural Credit Insurance Fund.................................................................................... 87 91 -6 -285 -280 -193 

 Natural Resource Conservation Demonstration Program: 

 Agricultural Resource Conservation Demonstration Program ........................................... ...... ...... ...... (**) (**) (**) 

 Rural Housing Service: 

 Rural Community Facility Loans ....................................................................................... -1 4 -3 -56 -51 -52 

 Rural Housing Insurance Fund ......................................................................................... 22 12 -120 -2,022 -2,032 -2,010 

 Rural Business-Cooperative Service: 

 Rural Business and Industry Loans .................................................................................. 13 64 21 -323 -272 -258 

 Renewable Energy Guaranteed Loan Account ................................................................. (**) -5 -2 -15 -19 -19 

 Biorefinery Assistance Loan Account................................................................................ ...... 13 ...... -63 -50 -50 

 Rural Utilities Service: 

 Rural Water and Waste Disposal Fund............................................................................. (**) (**) (**) -24 -24 -24 

 Department of Commerce: 

 General Administration: 

 Emergency Oil, Gas, and Steel Account........................................................................... ...... ...... ...... 5 5 5 

 National Oceanic and Atmospheric Administration: 

 Fishing Vessel Obligations................................................................................................ -1 -1 -1 1 1 (**) 

 Department of Defense-Military Programs............................................................................ ...... ...... (**) -17 -17 -17 

 Department of Education: 

 Office of Student Financial Assistance: 

 Federal Family Education Loans....................................................................................... -394 -1,884 -1,931 15,755 14,265 13,871 

 Department of Energy: 

 Title 17 Innovative Technology Loans............................................................................... -1 -38 -14 -77 -114 -115 

 Department of Health and Human Services: 

 Health Resources and Services Administration: 

 Health Center Loans......................................................................................................... ...... (**) (**) -3 -3 -3 

 Health Education Assistance Loans.................................................................................. (**) 7 5 -72 -66 -66 

 Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Indian Housing Loans ....................................................................................................... -2 -5 2 -29 -32 -34 

 Native Hawaiian Housing Loans ....................................................................................... ...... (**) (**) -7 -7 -7 

 Community Planning and Development: 

 Community Development Loans ....................................................................................... ...... 7 (**) -90 -83 -83 

 Housing Programs: 

 FHA-Mutual Mortgage Insurance Loans ........................................................................... 1,137 6,411 6,030 -25,467 -20,193 -19,056 

 FHA-General and Special Risk Fund ................................................................................ 147 818 785 -7,140 -6,469 -6,322 

 Home Ownership Preservation Entity Fund ...................................................................... (**) (**) -5 -19 -19 -19 

 Government National Mortgage Association: 

 Guarantees of Mortgaged-Backed Securities ................................................................... -98 248 -1 5,698 6,045 5,947 

 
29

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2012 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

assets accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Guaranteed Loan Financing Activity: ―Continued 

 Department of the Interior: 

 Bureau of Indian Affairs ...................................................................................................... -1 22 -2 -69 -47 -47 

 Department of Transportation: 

 Office of the Secretary: 

 Minority Business Resource Center Fund......................................................................... ...... (**) (**) (**) (**) (**) 

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. ...... ...... ...... (**) (**) (**) 

 Maritime Administration: 

 Maritime Guaranteed Loan (Title XI) Fund........................................................................ (**) -122 2 -93 -215 -215 

 Department of the Treasury: 

 Departmental Offices: 

 Air Transportation Stabilization Fund ................................................................................ ...... ...... ...... (**) (**) (**) 

 Troubled Assets Insurance Financing Fund...................................................................... ...... -36 -1,621 773 737 737 

 Troubled Asset Relief Program......................................................................................... ...... (**) ...... -1 -1 -1 

 Department of Veterans Affairs: 

 Veterans Benefits Administration: 

 Veterans Housing Benefit Program Fund.......................................................................... -810 -1,423 -906 -3,492 -4,105 -4,915 

 International Assistance Program: 

 Agency for International Development: 

 Loan Guarantees to Israel ................................................................................................ ...... ...... ...... -1,972 -1,972 -1,972 

 Urban and Environmental Credit Guaranteed Loans ........................................................ 1 4 1 -74 -71 -71

 Microenterprise and Small Enterprise Development ......................................................... ...... (**) (**) ...... (**) (**) 

 Development Credit Authority Loan Fund ......................................................................... -2 -5 -6 -37 -41 -43 

 Loan Guarantees to Egypt................................................................................................ ...... ...... ...... -201 -201 -201 

 Overseas Private Investment Corporation .......................................................................... 38 -46 -27 -83 -167 -129 

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... 164 -992 -3,359 -1,824 -2,980 -2,816 

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. -55 159 -146 -1,310 -1,095 -1,151 

 Net Activity, Guaranteed Loan Financing ..................................................................... 164 3,189 -1,289 -22,110 -19,086 -18,922 

 
30

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2012 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

assets accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Direct Loan Financing Activity: 

 Department of Agriculture: 

 Farm Service Agency: 

 Agricultural Credit Insurance Fund.................................................................................... -34 -140 6 6,780 6,674 6,640 

 Farm Storage Facility Loans ............................................................................................. -5 35 92 683 723 718 

 Apple Loans Fund............................................................................................................. ...... (**) (**) (**) (**) (**) 

 Emergency Boll Weevil Loan Fund ................................................................................... ...... ...... (**) -1 -1 -1 

 Rural Housing Service: 

 Rural Community Facility Loans Fund .............................................................................. 36 202 275 3,387 3,552 3,588 

 Rural Housing Insurance Fund ......................................................................................... 1 -106 58 15,307 15,200 15,201 

 Multifamily Housing Revitalization Loan Account.............................................................. 2 22 32 159 179 181 

 Rural Business-Cooperative Service: 

 Rural Business and Industry Loan Fund ........................................................................... (**) -3 -1 15 12 12 

 Rural Development Loan Fund ......................................................................................... -2 -12 -9 297 288 286 

 Rural Economic Development Loan Fund......................................................................... -1 3 4 100 105 103 

 Rural Microenterprise Investment Loans........................................................................... (**) 3 4 7 10 11 

 Rural Utilities Service: 

 Rural Water and Waste Disposal Loans ........................................................................... 39 55 280 9,283 9,299 9,338 

 Rural Electrification and Telecommunications Fund ......................................................... 292 1,451 1,477 42,218 43,377 43,669 

 Rural Telephone Bank ...................................................................................................... -5 -34 -25 393 364 359 

 Distance Learning and Telemedicine Program ................................................................. 18 181 107 714 877 895 

 Rural Development Insurance Fund ................................................................................. ...... ...... ...... 1,065 1,065 1,065 

 Foreign Agricultural Service: 

 P.L. 480 Direct Loan Fund................................................................................................ -1 -79 -134 917 838 838 

 International Debt Reduction ............................................................................................ -1 -26 -6 28 3 2 

 Department of Commerce: 

 National Oceanic and Atmospheric Administration: 

 Fisheries Finance ............................................................................................................. -12 -14 -3 539 537 526 

 Department of Defense-Military Programs............................................................................ -3 37 63 778 818 815 

 Department of Education: 

 Office of Postsecondary Education: 

 College Housing and Academic Facilities Loans............................................................... (**) (**) -1 7 7 6 

 Historically Black College and University Capital 

 Financing Fund................................................................................................................ 41 76 43 437 473 513 

 Office of Student Financial Assistance: 

 Federal Direct Student Loans ........................................................................................... 5,729 86,797 81,259 374,758 455,826 461,555 

 Teach Grant Loans ........................................................................................................... 6 69 76 253 316 322 

 Temporary Student Loan Purchase Authority ................................................................... -657 -5,852 -3,147 118,457 113,262 112,605 

 Department of Energy: 

 Advanced Technology Vehicles Manufacturing Loans........................................................ 7 1,938 1,481 3,359 5,291 5,297 

 Title 17 Innovative Technology Loans................................................................................. 197 1,342 761 1,700 2,845 3,042 

 Department of Health and Human Services: 

 Consumer Operated and Oriented Plan.............................................................................. 6 19 ...... ...... 13 19 

 Department of Homeland Security: 

 Disaster Assistance Loan Fund .......................................................................................... -1 -6 -10 -11 -17 -17 

 Department of Housing and Urban Development: 

 Housing Programs: 

 Emergency Homeowners' Relief Fund.............................................................................. (**) 1 ...... (**) 1 1 

 FHA-Mutual Mortgage Insurance Loans ........................................................................... ...... (**) (**) -5 -5 -5 

 FHA-General and Special Risk Fund ................................................................................ ...... ...... ...... (**) (**) (**) 

 Green Retrofit Program for Multifamily Housing Fund....................................................... (**) -2 5 15 13 13 

 

 
31

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2012 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

assets accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Direct Loan Financing Activity: ─Continued 

 Department of the Interior: 

 Bureau of Reclamation ....................................................................................................... 20 16 12 18 15 35 

 Bureau of Indian Affairs ...................................................................................................... (**) 1 -1 3 5 5 

 Assistance to American Samoa Loan Fund ........................................................................ -1 -1 -2 10 10 9 

 Department of State: 

 Administration of Foreign Affairs: 

 Repatriation Loans............................................................................................................ (**) -1 (**) -9 -9 -10 

 Department of Transportation: 

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. 140 327 719 3,600 3,787 3,927 

 Tiger Tifia Loan Fund........................................................................................................ ...... (**) (**) (**) (**) (**) 

 Federal Railroad Administration: 

 Railroad Rehabilitation and Improvement Loan Fund ....................................................... 6 86 6 491 571 577 

 Department of the Treasury: 

 Departmental Offices: 

 Community Development Financial Institutions Fund ....................................................... (**) -1 -3 36 35 34 

 GSE Mortgage-Backed Securities Purchase Program...................................................... ...... -65,730 -56,192 69,107 3,377 3,377 

 Temporary Credit and Liquidity Program .......................................................................... -318 -1,172 -2,052 14,338 13,484 13,166 

 Troubled Asset Relief Program......................................................................................... -4,528 -47,006 -11,668 103,363 60,885 56,357 

 Small Business Lending Program..................................................................................... -7 290 ...... 3,736 4,033 4,026 

 Financial Management Service........................................................................................... ...... ...... ...... (**) (**) (**) 

 Department of Veterans Affairs: 

 Veterans Benefits Administration: 

 Veterans Housing Benefit Program Fund.......................................................................... 728 -108 -158 1,423 587 1,315 

 Native American Veteran Housing Fund........................................................................... 8 (**) 2 65 57 65 

 Transitional Housing Loans .............................................................................................. (**) (**) (**) (**) (**) (**) 

 Vocational Rehabilitation Loan Fund ................................................................................ (**) (**) (**) 1 1 1 

 Environmental Protection Agency: 

 Abatement, Control, and Compliance Loan Program.......................................................... (**) -2 -2 2 1 1 

 International Assistance Program: 

 International Security Assistance: 

 Foreign Military Loan Program.......................................................................................... ...... -37 ...... 11 -26 -26 

 Military Debt Reduction..................................................................................................... ...... ...... ...... 32 32 32 

 Agency for International Development: 

 International Debt Reduction ............................................................................................ -10 -27 -63 141 124 114 

 Microenterprise and Small Enterprise Development ......................................................... ...... ...... (**) ...... ...... ...... 

 Overseas Private Investment Corporation .......................................................................... -52 32 103 1,369 1,453 1,401 

 International Monetary Programs........................................................................................ -1 -23 -185 -29 -51 -52 

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... 1 2 -4 98 99 99 

 Disaster Loan Fund ............................................................................................................ -50 -400 -586 6,163 5,813 5,763 

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. 171 3,152 944 6,800 9,781 9,952 

 Federal Communications Commission: 

 Spectrum Auction Loan Fund ........................................................................................... (**) -18 -40 13 -4 -4 

 Net Activity, Direct Loan Financing................................................................................. 1,756 -24,664 13,514 792,423 766,004 767,759 

Note: Federal credit programs provide benefits to the public in the form of direct loans and 

loan guarantees. This table reflects cash transactions and balances of the nonbudgetary 

financing fund accounts that result from the disbursement of loans, collection of fees, 

repayment of principle, sale of collateral, interest, and subsidy received from the credit 

program accounts at net present value in accordance with the Credit Reform Act of 1990. 

Unreimbursed costs such as administrative expenses and subsidy payments are reported 

on a cash basis and included within each program’s budgetary totals in Table 5. 

... No Transactions 

(**) Less than $500,000 

Note: Details may not add to totals due to rounding. 
32

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2012 

[$ millions] 

Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 

Fiscal 

Year 

to 

Date 

Comparable

Period

Prior 

F.Y. 

 

Receipts: 

Individual Income Taxes ........................................................ 86,747 70,671 112,952 133,424 21,460 58,890 178,565 68,574 731,282 701,850 

Corporation Income Taxes..................................................... 2,466 1,637 51,510 4,549 405 23,970 27,782 6,736 119,054 85,533 

Social Insurance And Retirement Receipts: 

 Employment and General Retirement.................................. 54,528 58,501 54,691 74,823 60,552 69,262 82,451 61,792 516,602 510,583 

 Unemployment Insurance.................................................... 2,745 4,878 3,711 4,169 3,924 636 8,801 20,393 49,256 44,031 

 Other Retirement ................................................................. 293 347 318 290 290 346 288 351 2,523 2,712 

Excise Taxes ......................................................................... 4,870 6,708 6,220 5,771 4,907 6,303 7,424 6,275 48,478 44,424 

Estate and Gift Taxes ............................................................ 1,021 967 1,003 947 1,278 941 2,558 932 9,648 6,628 

Customs Duties ..................................................................... 2,844 2,626 2,217 2,268 2,339 2,270 2,616 2,199 19,379 18,691 

Miscellaneous Receipts ......................................................... 7,558 6,067 7,341 8,079 8,260 8,597 8,322 13,459 67,683 69,922 

 Total--Receipts This Year.................................................. 163,072 152,402 239,963 234,319 103,413 171,215 318,807 180,713 1,563,904 ...... 

 (On-Budget)...................................................................... 123,769 110,346 201,911 178,871 57,954 119,308 258,106 134,391 1,184,657 ...... 

 (Off-Budget)...................................................................... 39,303 42,056 38,052 55,448 45,459 51,906 60,701 46,322 379,248 ...... 

 Total--Receipts Prior Year ................................................... 145,951 148,970 236,875 226,550 110,656 150,894 289,543 174,936 ...... 1,484,375

 (On Budget)......................................................................... 99,702 99,222 197,098 171,448 67,556 105,897 229,912 130,554 ...... 1,101,388

 (Off Budget)......................................................................... 46,249 49,748 39,778 55,102 43,100 44,997 59,631 44,382 ...... 382,987

Outlays: 

Legislative Branch ................................................................. 413 394 384 366 368 378 390 345 3,038 3,143 

Judicial Branch ...................................................................... 580 556 567 572 561 743 537 590 4,706 4,731 

Department of Agriculture: 

 Commodity Credit Corporation and 

 Foreign Agricultural Service................................................ 6,315 2,060 1,051 466 -98 -327 -22 -186 9,259 11,093 

 Other ................................................................................... 11,687 9,037 12,928 13,031 10,782 10,879 11,220 10,505 90,068 85,712 

Department of Commerce...................................................... 899 931 940 811 989 938 910 818 7,237 6,829 

Department of Defense: 

 Military Programs: 

 Military Personnel .............................................................. 23,231 12,034 16,032 6,560 11,675 16,228 6,882 11,388 104,029 108,233 

 Operation and Maintenance............................................... 20,458 22,764 24,608 21,799 23,410 25,789 21,561 24,770 185,159 188,140 

 International Reconstruction 

 and Other Assistance ....................................................... (**) (**) (**) (**) (**) (**) 6 9 15 1 

 Procurement ...................................................................... 8,811 9,794 10,749 12,997 11,182 12,237 7,849 10,233 83,853 87,395 

 Research, Development, Test, 

 and Evaluation.................................................................. 3,890 5,992 7,339 4,371 5,167 7,904 5,827 6,772 47,263 48,334 

 Military Construction .......................................................... 1,351 1,491 1,431 1,154 1,145 1,265 1,147 1,239 10,223 13,438 

 Family Housing.................................................................. 168 195 222 131 221 197 192 199 1,524 2,357 

 Revolving and Management Funds ................................... -191 724 1,243 299 -491 306 -247 185 1,827 2,214 

 Other ................................................................................. 336 139 -541 110 -216 -271 675 -119 113 -746 

 Total Military Programs.................................................. 58,055 53,132 61,084 47,420 52,093 63,656 43,892 54,675 434,007 449,368 

Department of Education ....................................................... 4,075 6,628 6,438 367 10,108 7,279 1,899 5,584 42,377 66,295 

Department of Energy............................................................ 2,983 2,835 3,233 2,593 2,677 2,367 2,533 2,981 22,201 22,317 

Department of Health and Human Services: 

 National Institutes of Health................................................. 2,577 2,688 2,638 2,603 2,610 2,944 2,738 2,633 21,429 22,547 

 Centers for Medicare And Medicaid Services: 

 Grants to States for Medicaid ............................................ 19,652 20,881 20,756 17,885 19,908 22,108 20,831 23,022 165,043 189,478 

 Federal Hospital Ins. Trust Fund........................................ 15,174 20,989 20,347 20,018 21,926 28,285 15,960 24,356 167,055 164,983 

 Federal Supp. Med. Ins. Trust Fund .................................. 14,529 24,843 23,995 21,859 23,496 33,874 14,765 26,724 184,084 185,578 

 Other ................................................................................. 15,934 20,414 20,102 21,167 19,094 22,064 24,261 19,408 162,444 167,015 

 Administration for Children and Families.............................. 4,005 4,347 4,418 3,785 4,021 4,538 3,801 3,878 32,794 36,996 

 Other ................................................................................... -18,722 -22,213 -21,996 -23,894 -20,455 -24,204 -26,956 -21,905 -180,344 -184,611 

Department of Homeland Security......................................... 5,002 4,578 4,754 3,397 3,236 4,244 3,942 3,325 32,478 29,341 

Department of Housing and Urban Development .................. 3,921 4,090 4,180 3,626 3,867 3,698 3,480 2,559 29,420 33,054 

Department of the Interior...................................................... 1,019 1,213 1,013 940 995 1,017 861 1,018 8,077 8,452 

Department of Justice............................................................ 3,049 2,562 2,587 2,463 2,379 2,267 3,115 3,183 21,604 20,607 

Department of Labor: 

 Unemployment Trust Fund .................................................. 7,779 8,791 8,432 9,754 8,852 8,787 7,765 8,222 68,382 83,993 

 Other ................................................................................... -690 1,359 1,510 567 675 365 930 756 5,472 8,769 

Department of State............................................................... 2,233 2,550 2,798 1,798 1,408 1,774 1,871 2,199 16,630 15,576 

Department of Transportation: 

 Highway Trust Fund............................................................. 3,811 3,329 3,430 2,202 2,291 2,398 2,264 3,219 22,944 20,468 

 Other ................................................................................... 3,482 3,205 3,491 2,695 2,605 2,948 3,389 2,967 24,782 26,807 

Department of the Treasury: 

 Interest on Treasury Debt Securities (Gross)....................... 27,771 21,709 98,114 21,106 17,414 24,683 30,121 30,507 271,425 275,336 

 Other ................................................................................... 5,188 3,155 13,434 4,163 51,600 32,860 10,744 3,513 124,657 86,721 

 
33

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2012 

[$ millions] 

Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 

Fiscal 

Year 

to 

Date 

Comparable

Period

Prior 

F.Y. 

 

Outlays: ―Continued 

Department of Veterans Affairs: 

 Compensation And Pensions............................................... 585 4,541 8,808 501 4,792 9,312 715 5,015 34,269 34,950 

 National Service Life............................................................ 72 75 81 84 88 95 84 91 670 687 

 Other ................................................................................... 5,332 5,369 5,639 5,147 5,355 8,713 5,051 5,666 46,271 45,636 

Corps of Engineers ................................................................ 755 719 844 580 541 682 553 730 5,404 7,233 

Other Defense Civil Programs ............................................... -696 4,829 9,356 1,049 5,265 8,706 -966 4,023 31,565 33,118 

Environmental Protection....................................................... 549 948 927 910 766 894 894 881 6,771 7,472 

Executive Office of the President........................................... 34 27 31 29 32 38 28 47 265 340 

General Services Administration............................................ 112 66 277 -5 61 160 -63 356 965 1,247 

International Assistance Program: 

 International Security Assistance......................................... 444 365 1,802 2,720 295 567 1,715 1,020 8,928 9,510 

 Multilateral Assistance......................................................... 460 100 5 21 6 491 264 165 1,512 1,127 

 Agency for International Development ................................. 360 618 269 395 703 362 330 -9 3,028 2,808 

 Other ................................................................................... -43 1,418 304 -50 282 -418 266 933 2,693 -661 

National Aeronautics and Space Administration .................... 1,168 1,523 1,734 975 1,278 1,350 1,227 1,338 10,591 11,533 

National Science Foundation................................................. 610 537 569 564 513 574 524 552 4,444 4,382 

Office of Personnel Management .......................................... 6,972 6,043 5,964 6,946 6,524 6,474 7,272 6,381 52,575 49,362 

Small Business Administration............................................... 113 103 95 101 82 1,888 116 72 2,570 5,752 

Social Security Administration: 

 Federal Old-Age and Survivors Ins. 

 Trust Fund (Off-Budget)...................................................... 50,352 50,408 51,017 52,298 52,913 53,154 52,937 53,222 416,301 395,017 

 Federal Disability Ins. Trust 

 Fund (Off-Budget)............................................................... 10,980 10,887 11,164 11,534 11,628 11,822 11,532 11,488 91,034 86,885 

 Other ................................................................................... 156 4,204 8,178 584 3,806 8,356 633 4,560 30,477 32,797 

Independent Agencies: 

 Fed. Deposit Ins. Corp: 

 Deposit Insurance Fund..................................................... 804 -1,058 1,105 1,120 1,039 461 -195 710 3,985 -1,176 

 FSLIC Resolution Fund...................................................... -7 -2 51 (**) -44 (**) -2 (**) -3 4 

 Postal Service: 

 Off-Budget: 

 Public Enterprise Funds................................................... 745 -776 290 -735 -122 890 82 -261 113 1,066 

 Other................................................................................ 34 20 ...... 202 ...... ...... ...... ...... 256 259 

 Other ................................................................................. ...... ...... 76 ...... -2 ...... ...... ...... 74 101 

 Tennessee Valley Authority ................................................. -356 422 186 295 29 -218 580 -561 377 131 

 Other Independent Agencies ............................................... 6,632 921 3,390 2,356 1,731 1,551 2,039 2,896 21,516 3,663 

Undistributed Offsetting Receipts: 

 Employer Share, Employee Retirement............................... -21,363 -5,519 -6,635 -5,420 -5,398 -5,703 -5,646 -5,754 -61,438 -58,560 

 Interest Received by Trust Funds ........................................ -3,615 -511 -80,226 -1,058 157 -1,214 -4,412 -2,706 -93,585 -99,227 

 Rents and Royalties on Outer 

 Continental Shelf Lands...................................................... -370 -636 3 -1,178 -630 -176 -1,109 -401 -4,497 -4,127 

 Sale of Major Assets............................................................ ...... ...... ...... ...... ...... ...... ...... ...... ...... -108 

 Other ................................................................................... ...... ...... ...... ...... ...... (**) ...... ...... (**) ...... 

Totals This Year: 

 Total Outlays...................................................................... 261,539 289,704 325,930 261,726 335,090 369,372 259,690 305,348 2,408,399 ...... 

 (On-Budget)...................................................................... 214,770 238,285 328,868 217,653 281,056 315,494 215,365 251,615 2,063,106 ...... 

 (Off-Budget)...................................................................... 46,768 51,419 -2,939 44,073 54,034 53,878 44,325 53,733 345,292 ...... 

 Total-Surplus (+) or Deficit (-) ........................................... -98,466 -137,302 -85,967 -27,407 -231,677 -198,157 +59,117 -124,636 -844,494 ...... 

 (On-Budget)...................................................................... -91,001 -127,939 -126,957 -38,782 -223,102 -196,185 +42,741 -117,224 -878,450 ...... 

 (Off-Budget)...................................................................... -7,465 -9,363 +40,991 +11,375 -8,575 -1,971 +16,376 -7,411 +33,955 ...... 

 Total Borrowing from the Public ...................................... 132,149 134,758 59,058 124,724 150,351 123,237 70,178 89,621 884,076 700,849 

 Total-Outlays Prior Year ...................................................... 286,384 299,364 315,009 276,346 333,163 339,048 329,929 232,577 ...... 2,411,821

 (On-Budget)....................................................................... 232,255 241,169 314,504 230,966 282,276 289,979 284,498 181,441 ...... 2,057,088

 (Off-Budget)....................................................................... 54,128 58,195 505 45,380 50,887 49,070 45,431 51,136 ...... 354,732

 Total-Surplus (+) or Deficit (-) Prior Year ............................. -140,432 -150,394 -78,134 -49,796 -222,507 -188,154 -40,387 -57,641 ...... -927,445

 (On-Budget)....................................................................... -132,553 -141,947 -117,406 -59,518 -214,721 -184,082 -54,586 -50,887 ...... -955,700

 (Off-Budget)....................................................................... -7,879 -8,447 +39,272 +9,722 -7,787 -4,072 +14,200 -6,754 ...... +28,254

... No Transactions 

(**) Less than $500,000 

Note: Details may not add to totals due to rounding. 
34

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of May 31, 2012 

[$ millions] 

This Month Fiscal Year to Date Securities Held as Investments 

Current Fiscal Year 

Beginning of Classification 

Receipts Outlays Excess Receipts Outlays Excess This Year This Month

Close of

This Month

Trust Receipts, Outlays, and Investments Held: 

 Airport and Airway ...................................................................................... 1,304 1,187 118 8,078 8,218 -140 8,641 9,380 9,533 

 Black Lung Disability................................................................................... 61 21 40 427 176 250 ...... ...... ...... 

 Federal Disability Insurance........................................................................ 8,304 11,488 -3,184 71,243 91,034 -19,791 161,965 145,412 141,950 

 Federal Employees Life and Health............................................................ ...... -711 711 ...... -2,678 2,678 58,872 60,847 61,557 

 Federal Employees Retirement .................................................................. 2,821 6,269 -3,448 38,193 49,604 -11,411 821,138 813,186 809,740 

 Federal Hospital Insurance......................................................................... 16,223 24,483 -8,260 159,503 168,040 -8,537 245,939 245,447 237,301 

 Federal Old-Age and Survivors Insurance .................................................. 48,734 53,222 -4,488 470,416 416,301 54,115 2,492,531 2,551,077 2,546,280 

 Federal Supplementary Medical Insurance................................................. 24,011 26,724 -2,713 187,308 184,084 3,224 70,446 78,901 75,717 

 Hazardous Substance Superfund ............................................................... 4 134 -130 1,127 912 215 3,509 3,901 3,772 

 Highways.................................................................................................... 3,863 3,860 3 26,034 28,904 -2,871 16,302 15,820 16,259 

 Military Advances........................................................................................ 1,896 2,089 -193 16,423 17,271 -849 ...... ...... ...... 

 Military Retirement...................................................................................... 3,995 4,438 -443 95,660 31,077 64,583 326,040 384,140 383,840 

 Railroad Retirement.................................................................................... 507 1,144 -637 6,262 8,825 -2,563 2,163 2,113 1,999 

 Unemployment ........................................................................................... 20,651 8,227 12,423 98,918 68,448 30,469 16,030 11,275 20,813 

 Veterans Life Insurance.............................................................................. 8 109 -101 242 758 -516 9,539 9,126 9,026 

 All Other Trust ............................................................................................ 559 534 25 4,337 3,654 684 23,056 23,807 23,794 

 Total Trust Fund Receipts and Outlays 

 and Investments Held from Table 6-D.................................................. 132,942 143,219 -10,277 1,184,171 1,074,629 109,541 4,256,172 4,354,431 4,341,582 

Less: Interfund Transactions......................................................................... 44,607 44,607 ...... 577,600 577,600 ...... 

Trust Fund Receipts and Outlays on the Basis 

 of Tables 4 & 5 ............................................................................................ 88,335 98,612 -10,277 606,571 497,029 109,541 

Total Federal Fund Receipts and Outlays................................................. 92,455 206,813 -114,358 957,908 1,911,944 -954,036 

 Less: Interfund Transactions....................................................................... 77 77 ...... 573 573 ...... 

Federal Fund Receipts and Outlays on the 

 Basis of Table 4 & 5..................................................................................... 92,378 206,737 -114,358 957,335 1,911,371 -954,036 

Net Budget Receipts & Outlays ................................................................. 180,713 305,348 -124,636 1,563,904 2,408,399 -844,494 

Note: Interfund receipts and outlays are transactions between Federal funds and trust 

funds such as Federal payments and contributions, and interest and profits on investments 

in Federal securities. They have no net effect on overall budget receipts and outlays since 

the receipt side of such transactions is offset against budget outlays. In this table, Interfund 

receipts are shown as an adjustment to arrive at total receipts and outlays of trust funds 

respectively. 

... No Transactions 

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

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, May 2012 and Other Periods 

[$ millions] 

Classification This Month Fiscal Year 

 to Date 

 Comparable Period 

 Prior Fiscal Year 

Receipts 

Individual Income Taxes .................................................................................................................. 68,574 731,282 701,850 

Corporation Income Taxes............................................................................................................... 6,736 119,054 85,533 

Social Insurance and Retirement Receipts: 

 Employment and General Retirement............................................................................................ 61,792 516,602 510,583 

 Unemployment Insurance.............................................................................................................. 20,393 49,256 44,031 

 Other Retirement ........................................................................................................................... 351 2,523 2,712 

Excise Taxes ................................................................................................................................... 6,275 48,478 44,424 

Estate and Gift Taxes ...................................................................................................................... 932 9,648 6,628 

Customs Duties ............................................................................................................................... 2,199 19,379 18,691 

Miscellaneous Receipts ................................................................................................................... 13,459 67,683 69,922 

 Total.......................................................................................................................................... 180,713 1,563,904 1,484,375 

Net Outlays 

National Defense ............................................................................................................................. 57,040 453,852 469,121 

International Affairs.......................................................................................................................... 4,130 32,913 28,843 

General Science, Space, and Technology....................................................................................... 2,236 18,253 19,255 

Energy ............................................................................................................................................. 839 9,741 8,468 

Natural Resources and Environment ............................................................................................... 3,219 25,623 29,232 

Agriculture ....................................................................................................................................... 1,436 18,081 18,565 

Commerce and Housing Credit........................................................................................................ 315 38,234 -33,667 

Transportation ................................................................................................................................. 7,442 58,450 57,914 

Community and Regional Development........................................................................................... 1,832 18,654 15,097 

Education, Training, Employment and Social Services .................................................................... 8,035 66,610 90,707 

Health .............................................................................................................................................. 30,581 229,797 254,638 

Medicare.......................................................................................................................................... 45,000 302,556 304,385 

Income Security............................................................................................................................... 42,423 390,951 432,586 

Social Security................................................................................................................................. 64,706 507,266 481,729 

Veterans Benefits and Services....................................................................................................... 10,875 81,627 81,434 

Administration of Justice.................................................................................................................. 4,648 39,024 38,429 

General Government ....................................................................................................................... 2,155 14,448 12,710 

Net Interest...................................................................................................................................... 26,545 172,248 165,169 

Undistributed Offsetting Receipts .................................................................................................... -8,110 -69,930 -62,795 

 Total.......................................................................................................................................... 305,348 2,408,399 2,411,821 

Note: Details may not add to totals due to rounding.
35

Explanatory Notes 

1. Flow of Data into Monthly Treasury Statement 

The Monthly Treasury Statement (MTS) is assembled from data in the 

central accounting system. The major sources of data include monthly 

accounting reports by Federal entities and disbursing officers, and daily 

reports from the Federal Reserve banks. These reports detail accounting 

transactions affecting receipts and outlays of the Federal Government and 

off-budget Federal entities, and their related effect on the assets and 

liabilities of the U.S. Government. Information is presented in the MTS on 

a modified cash basis. 

2. Notes on Receipts 

Receipts included in the report are classified into the following major 

categories: (1) budget receipts and (2) offsetting collections (also called 

applicable receipts). Budget receipts are collections from the public that 

result from the exercise of the Government's sovereign or governmental 

powers, excluding receipts offset against outlays. These collections, also 

called governmental receipts, consist mainly of tax receipts (including 

social insurance taxes), receipts from court fines, certain licenses, and 

deposits of earnings by the Federal Reserve System. Refunds of receipts 

are treated as deductions from gross receipts. 

Offsetting collections are from other Government accounts or the public 

that are of a business-type or market-oriented nature. They are classified 

into two major categories: (1) offsetting collections credited to 

appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts 

deposited in receipt accounts). Collections credited to appropriation or 

fund accounts normally can be used without appropriation action by 

Congress. These occur in two instances: (1) when authorized by law, 

amounts collected for materials or services are treated as 

reimbursements to appropriations and (2) in the three types of revolving 

funds (public enterprise, intra governmental, and trust); collections are 

netted against spending, and outlays are reported as the net amount. 

Offsetting receipts in receipt accounts cannot be used without being 

appropriated. They are subdivided into two categories: (1) proprietary 

receipts - these collections are from the public and they are offset against 

outlays by agency and by function, and (2) intra governmental funds - 

these are payments into receipt accounts from Governmental 

appropriation or fund accounts. The transactions may be intrabudgetary 

when the payment and receipt both occur within the budget or from 

receipts from off-budget Federal entities in those cases where payment is 

made by a Federal entity whose budget authority and outlays are excluded 

from the budget totals. 

Intrabudgetary transactions are subdivided into three categories: (1) 

interfund transactions, where the payments are from one fund group 

(either Federal funds or trust funds) to a receipt account in the other fund 

group; (2) Federal intrafund transactions, where the payments and 

receipts both occur within the Federal fund group; and (3) trust intrafund 

transactions, where the payments and receipts both occur within the trust 

fund group. 

Offsetting receipts are generally deducted from budget authority and 

outlays by function, by subfunction, or by agency. There are four types of 

receipts, however, that are deducted from budget totals as undistributed 

offsetting receipts. They are: (1) agencies' payments (including payments 

by off-budget Federal entities) as employers into employees retirement 

funds, (2)interest received by trust funds, (3) rents and royalties on the 

Outer Continental Shelf lands, and(4) other interest (i.e., interest collected 

on Outer Continental Shelf money in deposit funds when such money is 

transferred into the budget). 

3. Notes on Outlays 

Outlays are generally accounted for on the basis of checks issued, 

electronic funds transferred, or cash payments made. Certain outlays do 

not require issuance of cash or checks. An example is charges made 

against appropriations for that part of employees' salaries withheld for 

taxes or savings bond allotments - these are counted as payments to the 

employee and credits for whatever purpose the money was withheld. 

Outlays are stated net of offsetting collections (including receipts of 

revolving and management funds) and of refunds. Interest on the public 

debt (public issues) is recognized on the accrual basis. Federal credit 

programs subject to the Federal Credit Reform Act of 1990 use the cash 

basis of accounting and are divided into two components. The portion of 

the credit activities that involve a cost to the Government (mainly 

subsidies) is included within the budget program accounts. The remaining 

portion of the credit activities are in non-budget financing accounts. 

Outlays of off-budget Federal entities are excluded by law from budget 

totals. However, they are shown separately and combined with the onbudget outlays to display total Federal outlays. 

4. Processing 

The data on payments and collections are reported by account symbol 

into the central accounting system. In turn, the data are extracted from 

this system for use in the preparation of the MTS. 

There are two major checks which are conducted to assure consistency 

of the data reported: 

1. Verification of payment data. The monthly payment activity reported by 

Federal entities on the Statements of Transactions is compared to the 

payment activity of Federal entities as reported by disbursing officers. 

2. Verification of collection data. Reported collections appearing on 

Statements of Transactions are compared to deposits as reported by 

Federal Reserve Banks. 

5. Other Sources of Information About Federal Government Financial 

Activities 

• A Glossary of Terms Used in the Federal Budget Process, 2005

(Available from the U.S. Government Accountability Office, at 

http://www.gao.gov/new.items/do5734sp.pdf/September, or by 

calling 202-512-6000. This glossary provides a basic reference 

document of standardized definitions of terms used by the Federal 

Government in the budget making process. 

• Daily Treasury Statement (Available on the internet at 

http://www.fms.treas.gov/dts/). The Daily Treasury Statement is 

published each working day of the Federal Government and provides 

data on the cash and debt operations of the Treasury. 

• Monthly Statement of the Public Debt of the United States (Available 

on the internet at 

http://www.treasurydirect.gov/govt/reports/pd/mspd/nspd.htm). 

This publication provides detailed information concerning the public 

debt. 

• Treasury Bulletin (Available from GPO, Washington, D.C. 20401 on a 

subscription or single copy and on the internet at 

http://fms.treas.gov/bulletin/index.html). Quarterly, contains a mix 

of narrative, tables, and charts on Treasury issues, Federal financial 

operations, international statistics, and special reports. 

• Budget of the United States Government, Fiscal Year 20__ (Available 

from GPO, Washington, D.C. 20401 on a subscription basis only and 

on the internet at http://www.access.gpo.gov/usbudget). This 

publication is a single volume which provides budget information and 

contains: 

- Appendix, The Budget of the United States Government, FY 

20__ 

- The United States Budget in Brief, FY 20__ 

- Analytical Perspectives 

- Historical Tables 

• Combined Statement of Receipts, Outlays, and Balances of the 

United States Government (Available from Financial Management 

Services, U.S. Department of Treasury, Washington, D.C. 20227 and 

on the internet at http://fms.treas.gov/annualreport/index.html). 

This report includes budgetary results at the summary level and 

presents individual receipt and appropriation accounts at the detail 

level. 
36

Scheduled Release

The release date for the June 2012 Statement 

will be 2:00 p.m. EST July 12, 2012. 

Internet service subscribers can access the current issue of the Monthly Treasury Statement through the 

Financial Management Service’s website: 

http://www.fms.treas.gov/mts/index.html