Mission Statement

Maintain a strong economy and create economic and job opportunities by promoting conditions 

that enable economic growth and stability at home and abroad, strengthen national security by 

combating threats and protecting the integrity of the financial system, and manage the U.S. 

Government’s finances and resources. 

Executive Summary

 FY 2013 

 FY 2010 FY 2011 FY 2012 FY 2013 Increase/ Percent

 Enacted Enacted Enacted Request Decrease Change

Manage

FY 2013 President’s Budget by Function

Dollars in thousands

ment & Financial $1,406,568 $1,373,497 $1,346,631 $1,310,700 (35,931) -2.67%

Departmental Offices Salaries and Expenses 304,888 306,388 308,388 301,216 (7,172) -2.33%

Department-wide Systems and Capital 

Investments Program 9,544 3,992 0 7,108 7,108 N/A

Office of Inspector General 29,700 29,641 29,641 28,593 (1,048) -3.54%

Treasury IG for Tax Administration 152,000 151,696 151,696 153,834 2,138 1.41%

Special IG for TARP 23,300 36,227 41,800 40,225 (1,575) -3.77%

Community Development Financial Institutions 

Fund 246,750 226,546 221,000 221,000 0 0.00%

Financial Crimes Enforcement Network 111,010 110,788 110,788 102,407 (8,381) -7.56%

Alcohol and Tobacco Tax and Trade Bureau 103,000 100,798 99,878 96,786 (3,092) -3.10%

Fiscal Service Operations 436,376 417,421 391,440 360,531 (30,909) -7.90%

Legacy Treasury Direct User Fees (10,000) (10,000) (8,000) (1,000) 7,000 -87.50%

Net, Fiscal Service 426,376 407,421 383,440 359,531 (23,909) -6.24%

Tax Administration $12,146,123 $12,121,830 $11,816,696 $12,761,213 $944,517 7.99%

IRS Taxpayer Services 2,278,830 2,274,272 2,239,703 2,253,133 13,430 0.60%

IRS Enforcement 5,504,000 5,492,992 5,299,367 5,701,670 402,303 7.59%

IRS Operations Support 4,083,884 4,075,716 3,947,416 4,476,200 528,784 13.40%

IRS Business Systems Modernization 263,897 263,369 330,210 330,210 0 0.00%

IRS Health Insurance Tax Credit 

Administration 15,512 15,481 0 0 0 0.00%

Subtotal, Treasury Appropriations Committee $13,552,691 $13,495,327 $13,163,327 $14,071,913 $908,586 6.90%

Treasury Forfeiture Fund (90,000) (422,600) (950,000) (830,000) 120,000 -12.63%

Total, Treasury Appropriations Committee $13,462,691 $13,072,727 $12,213,327 $13,241,913 $1,028,586 8.42%

Treasury International Programs $2,128,670 $2,023,529 $2,661,388 $2,900,792 $239,404 9.00%

Poverty Reduction and Economic Growth 

(MDBs) 1,552,170 1,494,591 1,958,538 2,096,944 138,406 7.07%

Food Security 30,000 129,240 165,000 164,000 (1,000) -0.61%

Environmental Trust Funds 461,500 324,350 324,350 364,400 40,050 12.35%

Debt Relief 60,000 49,900 186,500 250,000 63,500 34.05%

Technical Assistance 25,000 25,448 27,000 25,448 (1,552) -5.75%

Total $15,591,361 $15,096,256 $14,874,715 $16,142,705 $1,267,990 8.52%

Overview 

The Department of the Treasury is working to 

fund and finance the operation of the federal 

government; establish a policy framework that

promotes economic growth and job creation; 

and protect our financial system and prevent 

its illicit use. The FY 2013 President’s 

Budget reflects our imperative to both 

continue moving forward on these key 

priorities while also finding new, more 
efficient ways of carrying out the business of 

government.

Funding to meet Treasury’s international 

development commitments and investments to 

improve enforcement of the nation’s tax code 

are balanced with reductions and efficiency 

savings identified across the breadth of 

Treasury’s programs. The Budget proposes an 

increase of $239 million to Treasury 

International Programs, to a total of $2.9 

billion, to promote national security, support 

economic growth, and address key global 

challenges. The Budget provides $14 billion 

in total budgetary resources for Treasury’s 

operating bureaus. The Budget also proposes 

an $830 million permanent cancellation from 

the Forfeiture Fund, making the total 

Appropriations request $13.2 billion. The 

Internal Revenue Service’s (IRS) request 

includes $691 million provided through a 

program integrity cap adjustment to improve 

enforcement of the nation’s tax code. This 

critical investment in tax administration will 

generate $1.5 billion in additional annual 

enforcement revenue once the new hires reach 

full potential in FY 2015 and approximately

$40 billion in additional revenue over the 

budget window.

The Budget reflects the Department’s 

commitment to continuous improvement in 

the efficacy and efficiency of Treasury 

programs.

1

 Several innovative ideas were 

developed through the Department’s quarterly 

performance review process, including the

consolidation of the Bureau of the Public Debt 

(BPD) and the Financial Management Service 

(FMS) (saving $36 million over five years, 

starting in FY 2014) and the suspension of $1 

coin production (reducing costs by $50 

million annually).

 1 The 2013 Cuts, Consolidations, and Savings (CCS) Volume of the 

President's Budget identifies the lower-priority program activities 

under the GPRA Modernization Act, 31 U.S.C. 1115(b)(10). The 

public can access the volume at: 

http://www.whitehouse.gov/omb/budget.

The FY 2013 Budget request for Treasury’s 

operating bureaus is 2.7 percent below the FY 

2012 enacted level, and 6.8 percent below the 

FY 2010 enacted, excluding the IRS. The 

Budget identifies $286 million in efficiency 

savings and program reductions.

The Budget was developed to make progress 

toward the Department’s new FY 2012 to 

2015 Strategic Plan, Agency Priority Goals, 

and Federal Priority Goals.

2

 This submission 

also serves as the Department’s Annual 

Performance Report and provides a summary 

of Treasury’s key achievements in FY 2011.

Treasury Strategic Goal: Repair and 

Reform the Financial System and Support 

Recovery in the Housing Market

Since the fall of 2008, Treasury has 

established a range of new programs to help

repair the credit and housing markets, and 

promote economic recovery and a return to 

balanced growth.

Supporting Small Businesses

The Small Business Jobs Act of 2010 created 

the Small Business Lending Fund (SBLF) and 

the State Small Business Credit Initiative 

(SSBCI). Treasury is charged with 

implementing both programs. The SBLF

helps increase the availability of credit to 

small businesses by providing capital to

community banks and community 

development loan funds with assets under $10 

billion. The SSBCI program supports statelevel, small-business lending programs. In FY 

2011, SBLF provided more than $4 billion to 

332 community banks, and SSBCI approved 

$435 million for disbursement to states. By 

the end of FY 2013, SSBCI will provide $1.5 

 2 Per the GPRA Modernization Act, P.L. 111-352, requirement to 

address Federal Goals in the agency Strategic Plan and Annual 

Performance Plan, please refer to Performance.gov for information on 

Federal Priority Goals and the agency's contributions to those goals, 

where applicable.
billion of funding to state programs that 

support lending to small businesses. 

Implementing Financial Reform

During FY 2011, Treasury continued to play a 

central role in implementing the 

comprehensive financial reforms included in

the Dodd-Frank Wall Street Reform and 

Consumer Protection Act (Dodd-Frank Act). 

These reforms make the financial system more 

stable and help protect the American taxpayer 

by putting in place stronger protections for 

consumers and tougher limits on risk-taking 

by the financial sector. 

Specifically, Treasury helped stand up a 

number of the new financial regulatory and 

oversight entities established by the DoddFrank Act, including the Consumer Financial 

Protection Bureau (CFPB), the Financial 

Stability Oversight Council (FSOC), the 

Federal Insurance Office (FIO), the Office of 

Financial Research (OFR), and the Office of 

Minority and Women Inclusion (OMWI). 

CFPB became fully independent from the 

Treasury Department with the appointment of 

its director on January 4, 2012. 

The FSOC will identify threats to financial 

stability, promote market discipline, and 

respond to emerging risks to the stability of 

the U.S. financial system. 

The FIO will monitor the insurance industry 

for economically-significant gaps in 

regulation. In addition, FIO will provide 

guidance and recommendations to the FSOC 

regarding insurers that may pose a systemic 

risk to the financial system, monitor the extent 

to which underserved communities have 

access to affordable insurance, consult with 

state regulators, and manage the Terrorism

Risk Insurance Program.

The OFR will conduct and sponsor research 

designed to improve the quality and 

transparency of financial information and 

promote best practices in risk management

among financial firms. 

The OMWI is charged with ensuring racial, 

ethnic, and gender diversity throughout the 

Treasury Departmental Offices workforce and 

business activities.

Winding Down the Troubled Asset Relief 

Program and Mortgage-Backed Securities 

Portfolio 

Over the past three years, the emergency 

actions Treasury has taken through the 

Troubled Asset Relief Program (TARP) and 

other financial stability initiatives have limited 

the duration and severity of the economic 

downturn resulting from the 2008 financial 

crisis. TARP provided temporary support to 

banks, the credit market, the auto industry, 

and homeowners. While the government is no 

longer making new investments in these 

programs, Treasury continues to work to

recover outstanding investments in the 

financial sector and auto industry in a manner 

that maximizes the return for taxpayers. 

Treasury will also continue to assist 

homeowners seeking to avoid foreclosure. As 

a result of improved financial conditions and 

careful stewardship of the program, the 

ultimate cost to the taxpayer of TARP 

investments is significantly lower than 

initially expected. In FY 2009, the program 

was projected to cost $341 billion, but as of 

November 2011, it was estimated to cost only 

$67.8 billion – a fraction of the $700 billion 

originally authorized.

In FY 2011, Treasury commenced the orderly 

wind down of its mortgage-backed securities 

(MBS) portfolio acquired in response to the 

financial crisis. Treasury has authorized the 

sale of up to $10 billion in MBS (principal) 

per month, subject to market conditions. As 

of December 2011, Taxpayers have received 

cumulative total proceeds of $217.5 billion 
from Treasury’s MBS portfolio – more than 

96 percent of the original $225 billion 

investment. Based on current market 

conditions, Treasury expects to make a profit 

for taxpayers on its MBS portfolio. 

Stabilizing the Housing Government 

Sponsored Enterprise (GSE) Programs

Using authority granted under the Housing 

and Economic Recovery Act of 2008 (HERA), 

the Department has stabilized the two largest 

GSEs, the Federal National Mortgage 

Association (Fannie Mae) and Federal Home 

Loan Mortgage Corporation (Freddie Mac), as 

well as the Federal Home Loan Banks. Under 

the Preferred Stock Purchase Agreements 

(PSPA), Treasury has helped to ensure the 

viability of the GSEs by providing $146.4 

billion of investment, net of dividends the 

GSEs paid to Treasury, as of December 31, 

2011. That support has been essential to 

preserving access to mortgage credit for 

Americans in the wake of the financial crisis.

Treasury Strategic Goal: Enhance U.S. 

Competitiveness and Promote International 

Financial Stability and Balanced Global 

Growth

Supporting Economic Growth and 

Opportunity

In FY 2011, Treasury focused on spurring 

economic growth for local communities and 

American small businesses through funding 

for projects that would encourage job creation 

and further investment. The FY 2013 Budget 

request of $221 million for the Community 

Development Financial Institutions (CDFI) 

Fund provides funding to promote economic 

development investments in underserved and 

distressed communities. Of the total request, 

up to $25 million for the Healthy Food 

Financing Initiative will support increased 

availability of affordable, healthy food 

alternatives in underserved communities. In 

addition, the request includes $15 million for 

the Bank Enterprise Award, which provides 

funding to federally-insured banks to invest in 

CDFIs to increase their lending and financial 

services in economically distressed 

communities. Within the total funding for the 

CDFI fund, up to $20 million is requested for 

the Bank on USA Program, which promotes 

access to affordable and appropriate financial 

services and basic consumer credit products 

for individuals without access to such 

products and services (the “unbanked”). 

Finally, the CDFI Fund will promote 

economic growth and opportunity through 

non-monetary award programs. These include 

the Bond Guarantee Program, which will 

support CDFI lending and investment 

activities by providing a source of long-term, 

patient capital, and the New Markets Tax 

Credit Program, which includes $7 billion in 

allocation authority, including $2 billion to 

support qualified equity investment in 

communities affected by military base 

closures or mass layoffs.

Encouraging International Economic 

Growth and Stability

The Budget includes funding for Treasury to 

continue working bilaterally and multilaterally 

to foster strong, sustainable, and balanced 

global growth; to promote stable international 

financial markets; to encourage foreign 

investment in the United States while 

protecting national security; to promote a level 

playing field for U.S. financial institutions; 

and to enhance U.S. competitiveness. 

For example, in 2011, concerns about 

financial stability in the eurozone have posed 

a risk to both the strength of the U.S. and 

global recoveries. Treasury encouraged its 

European counterparts to put in place a robust 

policy framework to stem the contagion to the 

larger economies in Europe and restore 

confidence in the European banking system. 

In 2011, Treasury also worked through the 

Group of Twenty (G-20) to promote strong, 
sustainable, and balanced growth, including 

through efforts to foster more flexible, marketdetermined exchanges rates and to boost 

domestic demand in surplus economies, 

notably China. 

In addition, Treasury played a lead role in 

international discussions with other major and 

emerging financial centers to lead a “race to 

the top” on financial regulation. Our objective 

are a level playing field for U.S. firms and 

financial stability in an interconnected global 

financial system.

The FY 2013 Budget request of $2.9 billion 

for Treasury’s International Programs 

provides cost-effective development 

assistance that advances our national security 

interests in fragile and war-torn countries, 

supports the growth of emerging markets that 

will provide enhanced export opportunities for 

American firms, and addresses key global 

challenges, such as food security and the 

environment. 

Of the total, $2.1 billion is requested for a 

continuation of funding for the General 

Capital Increases (GCI) at the Multilateral 

Development Banks (MDB) and funding for 

the concessional windows at the MDBs, which 

are the most important sources of financing 

for development in the world’s poorest 

countries. Our investments in these 

institutions represent outstanding value and 

advance key U.S. objectives. In 2011, for 

example, we obtained the support of the 

MDBs in leveraging economic reform in the 

Middle East and North Africa and continued 

to look to the MDBs to develop the open and 

transparent markets that will become the next 

generation of U.S. export markets and trading 

partners.

The FY 2013 request also includes funding to 

address complex global challenges with $134 

million for the Global Agriculture and Food 

Security Program (GAFSP) and $364 million 

requested for the Environmental Trust Funds 

administered by the World Bank. 

Finally, the FY 2013 request includes $25 

million for the Office of Technical Assistance 

(OTA) to maintain its current global footprint 

of technical assistance programs. OTA helps 

finance ministries and central banks of 

developing countries strengthen their capacity 

to manage public finances, which encourages 

stability abroad, supports broad U.S. 

government goals, such as reducing 

corruption, and ultimately, reduces these 

countries’ reliance on development assistance. 

Treasury Strategic Goal: Protect Our 

National Security through Targeted 

Financial Actions

The Department’s financial intelligence and 

enforcement activities have had a significant 

impact in combating money laundering and 

terrorist financing. The Budget maintains 

investments in Treasury’s national security 

mission in FY 2013. 

Continued Success of Iranian Sanctions

Under authorities granted by Executive Orders 

and statute, Treasury continued to target 

individuals and entities facilitating Iran’s 

illicit activities – its nuclear proliferation, its 

support for terrorism, and its abuse of human 

rights. The Department developed and 

increased the number and variety of sanction 

designations and blocked property 

identifications under these authorities. 

Twenty-three Iranian-linked financial 

institutions, including all of Iran’s largest 

state-owned banks, have been sanctioned by 

the United States based on their involvement 

in Iran’s illicit activities. Most recently, in 

January 2012, Treasury designated Iran’s 

third-largest bank, Bank Tejarat, for providing 

financial services to several Iranian banks and 

firms already subject to international sanctions 
for their involvement in Iran’s weapons of 

mass destruction (WMD) proliferation 

activities. Treasury officials also have 

actively engaged foreign partners to encourage 

them to increase pressure on Iran through the 

implementation of existing United Nations 

and autonomous measures and through the

adoption of new measures in order to convince 

Iran to change its strategic calculus regarding 

its illicit nuclear activities and to bring about a 

diplomatic resolution.

 

Successful Implementation of Libyan 

Sanctions

The often unpredictable and shifting nature of 

threats to our security and the security of the 

financial system from non-state actors, hostile 

regimes, and terror and organized crime 

networks require flexibility and the ability to 

quickly adjust to changes on the ground. In 

response to recent unrest in the Middle East 

and North Africa, the Department tracked the 

assets of regimes that violently suppressed 

protestors, and imposed sanctions on the 

Syrian and Libyan governments for human 

rights violations. In the case of Libya, the 

Department’s primary goal was not to prevent 

an ousted regime from looting the nation’s 

coffers, but rather to deprive a sitting regime 

of the resources it needed to sustain a 

campaign of violent repression. The 

Department worked to increase financial 

pressure on the Qadhafi regime and hasten its 

downfall. Just three days after the President 

issued the Executive Order, more than $30 

billion of Libyan assets had been frozen. The 

combination of speed, coordination, and 

comprehensiveness led to the implementation 

of one of the most successful sanctions 

regimes ever put in place. 

Collection of Major Asset Forfeitures 

Supports Deficit Reduction

The Treasury Forfeiture Fund received close 

to $1 billion in forfeitures and recoveries in 

FY 2011 and is projected to have another year 

of robust collections in FY 2012. The success 

of Treasury’s asset forfeiture program allows 

the Department to make priority investments 

in law enforcement and national security, 

without requesting additional resources from 

taxpayers. Further, it enables Treasury to 

contribute to deficit reduction with a proposed 

permanent cancellation of $830 million from 

the Forfeiture Fund’s unobligated balances. 

Treasury Strategic Goal: Pursue 

Comprehensive Tax and Fiscal Reform

Agency Priority Goal: Increase Voluntary 

Tax Compliance 

Treasury continues to work to increase 

voluntary tax compliance through the fair and 

uniform application of the tax code. The FY

2013 Budget maintains resources and services 

available to the public and provides targeted 

investments for additional tax law 

enforcement and implementation of recent tax 

legislation. 

Enforcement of the Tax Code 

The Budget includes an additional $907 

million to implement new tax changes, 

including the Affordable Care Act; to restore a 

portion of the personnel lost to FY 2012 

budget reductions; and to augment the IRS

enforcement activities. This increase includes 

a program integrity cap adjustment proposal 

of $691 million. Investments in enforcement 

activities will contribute significantly to 

increasing voluntary compliance and reducing 

the nation’s tax gap. The tax gap results in 

$385 billion in lost revenue each year, even

after IRS intervention. Investing in new 

enforcement initiatives funded out of this cap

adjustment will generate $1.5 billion in 

additional annual enforcement revenue once 

the new hires reach full potential in FY 2015, 

and approximately $40 billion over the budget 

window. 
Taxpayer Services

The FY 2013 Budget provides $2.3 billion to 

continue delivering services to taxpayers using 

a variety of in-person, telephone, and webbased methods to help taxpayers understand 

their tax obligations, correctly file their 

returns, and pay taxes due in a timely manner. 

Taxpayer Services play a key role in lowering 

the tax gap. Activities in IRS Taxpayer 

Services appropriation support voluntary 

compliance by addressing millions of 

taxpayers’ questions in their efforts to comply 

with the law and are an integral component of 

IRS’s enforcement activities. For example, 

IRS taxpayer service representatives answered 

over 34 million phone calls in FY 2011. Of 

these, 9.5 million were from taxpayers 

attempting to resolve balance-due issues or to 

set up installment agreements to resolve their 

outstanding tax obligations. 

Legislative Proposals to Reduce the Tax 

Gap

The FY 2013 Budget Request includes 

legislative proposals intended to improve tax 

compliance with minimal taxpayer burden 

through expanding information reporting, 

improving compliance by businesses, and 

strengthening tax administration. These 

changes are expected to generate $12 billion 

in returns over the next ten years. The Budget 

also proposes to amend the Balanced Budget 

and Emergency Deficit Control Act of 1985 

(BBEDCA), as amended by the Budget 

Control Act (BCA) of 2011, to allow 

adjustments to the 9-year (FYs 2013-2021) 

discretionary caps to permit program integrity 

cap adjustments in support of additional IRS 

investments.

Treasury Strategic Goal: Manage the 

Government’s Finances in a Fiscally 

Responsible Manner

In FY 2013, Treasury will implement a 

number of initiatives to improve operational 

efficiency and effectiveness within its fiscal 

service.

Agency Priority Goal: Increase Electronic 

Transactions with the Public to Improve 

Service, Prevent Fraud, and Reduce Costs

Treasury has implemented a multi-pronged 

effort to expand the use of electronic 

transactions in conducting the business of 

government, including through electronic 

payroll savings bonds, electronic benefit 

payments, and electronic tax 

collection. These efforts have resulted in 

reduced costs, improved customer service, and 

decreased susceptibility to fraud. The payroll 

sale of paper savings bonds and the sale of 

paper savings bonds at financial institutions

have already been discontinued, and 

businesses are now required to pay taxes 

electronically rather than by paper 

coupon. The Department will continue to 

make progress toward its “Paperless Treasury” 

initiative by paying benefits electronically and

working to increase the electronic filing (efile) rate. Treasury’s paperless initiatives are 

estimated to save $500 million over five years

from FY 2011 to FY 2015. 

The Fiscal Service

In FY 2013, Treasury plans to consolidate 

BPD and FMS. The consolidation will enable 

Treasury to leverage the expertise and 

resources of the two bureaus to better address 

the financial management needs of the federal 

government and to deliver value to the 

American public at reduced cost. The Fiscal 

Service will retain core federal financial 

management responsibilities essential to the 

successful operation of the federal government 

while eliminating overlap and duplication. 

The consolidation will save an estimated $36 

million government-wide over from 2014 to 

2018 due to management, administrative, and 

support services savings. 
Preventing Improper Payments: GOVerify 

Business Center Initiative 

In accordance with the June 2010 Presidential 

Memorandum on Enhancing Payment 

Accuracy Through a “Do Not Pay List” 

Treasury is working to prevent ineligible 

recipients from receiving payments from the 

federal government. The GOVerify Business 

Center provides a one-stop shop for verifying 

eligibility and employing fraud detection tools 

and data analytics to help prevent and reduce 

improper payments. GOVerify supports the 

Administration’s efforts to aggressively 

address the substantial government-wide 

improper payments problem. The initiatives 

and legislative proposals to prevent, identify, 

and recoup improper payments, and other 

monies owed to the government will 

strengthen the nation’s finances. 

Improving Debt Collection Capabilities 

The Budget incorporates legislative proposals 

and administrative improvements that will 

enable the Department to maximize collection 

of delinquent debt owed to the government. 

Proposals include increasing levy authority for 

payments to Medicare providers with 

delinquent tax debt, and allowing Treasury to 

offset federal income tax refunds to collect 

delinquent state tax obligations for debtors 

who currently reside in other states. These 

legislative changes are projected to generate 

an additional $2 billion in debt collection over 

the next ten years, a substantial portion of 

which are returned to states. 

Ongoing administrative improvements include 

improving the Treasury Offset Program match 

process, expanding analytical capabilities, 

increasing call center capacity, and expanding 

the Administrative Wage Garnishment 

program. 

Suspending Production of $1 Coins 

Treasury suspended the production of $1 coins

for circulation, as nearly 1.4 billion excess 

dollar coins sat unused in Federal Reserve 

Bank vaults at the end of FY 2011 – enough to 

meet demand for more than a decade. Halting 

production of $1 coins for circulation will 

reduce costs by at least $50 million per year. 

Producing Coins More Efficiently

The Budget proposes legislation to provide the 

Secretary flexibility to change the composition 

of coins to more cost-effective materials. 

Currently, the cost of making the penny and 

the nickel is over twice the face value of each 

coin. Treasury also is working to improve the 

efficiency of the coin and currency production 

efforts, including more than $75 million in 

savings proposed in the Budget through 

efforts such as improved manufacturing 

practices and aggressive administrative 

overhead cost reduction. 

 

Achieving Small Business Procurement 

Goals 

In FY 2013, the Department plans to build on 

its success in achieving small business 

contracting goals. In FY 2011, Treasury met 

all of its small business contracting goals and 

exceeded its overall Small Business 

contracting goal by six percent. The 

Department achieved more than double its 

contracting goals for Women Owned Small 

Businesses and for Small Disadvantaged 

Businesses. During FY 2011, Treasury spent 

$770 million or approximately 35 percent of 

its $2.2 billion contracting budget on 

purchases of goods and services from small 

businesses. 

Securing Americans Value and Efficiency 

(SAVE)

The Administration held its third SAVE 

Award contest for federal employees to 

submit ideas to improve the operations of 

government. One Treasury employee, Kevin 

Korzeniewski, was chosen as a finalist for his 

suggestion that the government stop 

automatically buying hard copies of U.S. code 
books each year, since the information is 

available online. The Department has 

incorporated Korzeniewski’s suggestion, as 

well as additional suggestions on fleet 

management, utilizing online training, and 

energy efficiency into the Budget.

Additional Savings

Treasury’s FY 2013 Budget includes 

efficiency savings of $111.5 million in 

discretionary funding and additional savings 

in mandatory programs. Treasury’s bureaus 

have found savings from: reducing the 

Materials Loss Review workload for the 

Office of the Inspector General, reducing 

reporting requirements for the Treasury 

Inspector General for Tax Administration, 

eliminating IT legacy systems at the Financial 

Crimes Enforcement Network, increasing efiling with the IRS, utilizing the Alcohol and 

Tobacco Tax and Trade Bureau’s Permits 

Online e-filing system, manufacturing 

efficiencies in Bureau of Engraving Printing, 

and data center consolidation and 

administrative efficiencies in multiple 

bureaus.
Fiscal Year Comparison of Full-Time Equivalent (FTE) Staffing

Direct and Reimbursable

 2011 Actual 2012 Enacted 2013 President's Budget

Appropriation Direct Reimb. Total Direct Reimb. Total Direct Reimb. Total

Departmental Offices - S & E 1,180 147 1,327 1,199 172 1,371 1,187 172 1,359

Administrative Expenses, Recovery Act 81 0 81 0 0 0 0 0 0 

Office of Inspector General 163 19 182 172 19 191 172 19 191

Inspector General for Tax Administration 822 1 823 835 2 837 864 2 866

Special IG for TARP 140 0 140 192 0 192 192 0 192

Community Development Financial 

Institutions Fund 65 0 65 79 0 79 79 0 79

Financial Crimes Enforcement Network 314 1 315 327 1 328 322 1 323

Alcohol and Tobacco Tax and Trade 

Bureau 482 10 492 496 15 511 482 15 497

FSO total* 2,378 256 2,634 2,077 561 2,638 1,954 619 2,573

Internal Revenue Service** 94,127 782 94,909 90,907 743 91,650 95,453 743 96,196

Subtotal, Treasury Appropriated Level 99,752 1,216 100,968 96,284 1,513 97,797 100,705 1,571 102,276

Office of Financial Stability 209 0 209 207 0 207 165 0 165

Small Business Lending Fund 23 0 23 30 0 30 28 0 28

State Small Business Credit Initiative 5 0 5 12 0 12 12 0 12

Office of Financial Research 12 7 19 153 26 179 282 30 312

Working Capital Fund 0 185 185 0 246 246 0 244 244

Treasury Franchise Fund 0 1,026 1,026 0 1,237 1,237 0 1,256 1,256

Bureau of Engraving and Printing 0 1,895 1,895 0 1,925 1,925 0 1,862 1,862

United States Mint 0 1,787 1,787 0 1,847 1,847 0 1,772 1,772

Office of Thrift Supervision 0 804 804 0 0 0 0 0 0 

Office of Comptroller of the Currency 0 3,150 3,150 0 3,822 3,822 0 3,898 3,898

Terrorism Insurance Program 7 0 7 10 0 10 10 0 10

Total 100,008 10,070 110,078 96,696 10,616 107,312 101,202 10,633 111,835

*A portion of the Offsetting Collections/Reimbursable/Fee FTE is funded by fee revenue as authorized by the Debt Collection Improvement Act (DCIA) of 1996.

**IRS FY 2011 Actuals do not include 575 FTE from the Health Insurance Reform Implementation Fund, 7 FTE from the Federal Highway Transportation Authority Account and 10 

FTE from Therapeutic Discovery Grants and Administration; IRS FY 2012 Enacted does not include 856 FTE from the Health Insurance Reform Implementation Fund and 7 FTE from 

the Federal Highway Transportation Authority Account; FY 2013 Request does not include 7 FTE from the Federal Highway Transportation Authority Account.
 DO DSCIP OIG TIGTA SIGTARP CDFI FinCEN TTB FSO IRS Subotal

Offsetting Fees/

Cancellations/

Rescissions

Total, Treasury 

Appropriations 

Committee*

FY 2012 Enacted 308,388 0 29,641 151,696 41,800 221,000 110,788 99,878 391,440 11,816,696 13,171,327 (958,000) 12,213,327

Non-pay Inflation, Benefit Annualization and other adjustments 2,544 0 144 1,092 258 237 759 782 2,613 77,357 85,786 0 85,786

Pay Inflation Adjustment (0.5%) 661 0 81 430 75 32 171 205 926 31,066 33,647 0 33,647

Maintaining Current Levels, Net 3,205 0 225 1,522 333 269 930 987 3,539 108,423 119,433 0 119,433

Non-Recurring Costs (1,650) 0 (784) 0 0 (300) 0 (2,000) (5,582) 0 (10,316) 0 (10,316)

Efficiency Savings (6,610) 0 0 (3,828) (1,992) (780) (6,232) (1,079) (20,110) (70,850) (111,481) 0 (111,481)

Subtotal, Adjustments to Base (5,055) 0 (559) (2,306) (1,659) (811) (5,302) (2,092) (22,153) 37,573 (2,364) 0 (2,364)

FY 2013 Base 303,333 0 29,082 149,390 40,141 220,189 105,486 97,786 369,287 11,854,269 13,168,963 (958,000) 12,210,963

Program Decreases (2,117) 0 (549) (56) 0 (22,189) (9,871) (1,000) (10,296) 0 (46,078) 0 (46,078)

Restoration of Lost Revenue from FY 2012 Reductions 0 0 0 0 0 0 0 0 0 200,481 200,481 0 200,481

Program Reinvestments 0 0 0 0 0 0 6,792 0 0 0 6,792 0 6,792

Program Increases 0 7,108 60 4,500 84 23,000 0 0 1,540 706,463 742,755 0 742,755

Subtotal, Program Changes (2,117) 7,108 (489) 4,444 84 811 (3,079) (1,000) (8,756) 906,944 903,950 0 903,950

Change to Offsetting Fees/Cancellations/Rescissions 0 0 0 0 0 0 0 0 0 0 0 127,000 127,000

FY 2013 President's Budget 301,216 7,108 28,593 153,834 40,225 221,000 102,407 96,786 360,531 12,761,213 14,072,913 (831,000) 13,241,913

Summary of FY 2013 Increases and Decreases

(Dollars in Thousands)

* Total resources for FY 2012 include $8 million in projected Legacy Treasury Direct user fee collections and a $950 million Forfeiture Fund rescission: total resources for FY 2013 include $1 million in projected Legacy 

Treasury Direct User Fee collections and an $830 million Forfeiture Fund cancelllation.