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 effectively.

Executive Summary

FY 2016 President’s Budget by Function

Dollars in thousands

1

In FY 2015, TFI was established as a separate appropriation. The Administration includes TFI activities in the Departmental 

Offices Salaries and Expenses appropriation in FY 2016.

 

FY 2014 FY 2015 FY 2016 Increase/ Percent

Enacted Enacted Request Decrease Change

Management & Financial $1,338,388 $1,343,704 $1,397,680 $53,976 4.0%

Departmental Offices Salaries and Expenses $312,400 $210,000 $331,837 $121,837 58.0%

Terrorism and Financial Intelligence (TFI) $0 $112,500 $0 ($112,500) -100.0%

Departmental Offices Salaries and 

Expenses1 $312,400 $322,500 $331,837 $9,337 2.9%

Department-wide Systems and Capital $2,725 $2,725 $10,690 $7,965 292.3%

Office of Inspector General $34,800 $35,351 $35,416 $65 0.2%

Treasury IG for Tax Administration $156,375 $158,210 $167,275 $9,065 5.7%

Special Inspector General for TARP $34,923 $34,234 $40,671 $6,437 18.8%

Community Development Financial Institutions $226,000 $230,500 $233,523 $3,023 1.3%

Financial Crimes Enforcement Network $112,000 $112,000 $112,979 $979 0.9%

Alcohol and Tobacco Tax and Trade Bureau $99,000 $100,000 $106,439 $6,439 6.4%

Program Cap Adjustment Included in IRS $0 $0 ($5,000) ($5,000) NA

Net, Alcohol and Tobacco Tax and Trade $99,000 $100,000 $101,439 $1,439 1.4%

Bureau of the Fiscal Service $360,165 $348,184 $363,850 $15,666 4.5%

Tax Administration $11,290,612 $10,945,000 $12,931,071 $1,986,071 18.1%

IRS Taxpayer Services $2,156,554 $2,156,554 $2,408,803 $252,249 11.7%

IRS Enforcement $5,022,178 $4,860,000 $5,399,832 $539,832 11.1%

IRS Operations Support $3,798,942 $3,638,446 $4,743,258 $1,104,812 30.4%

IRS Business Systems Modernization $312,938 $290,000 $379,178 $89,178 30.8%

Less, IRS Cap Adjustment $0 $0 $667,297 $667,297 NA

IRS Total, Excluding Cap Adjustment $11,290,612 $10,945,000 $12,263,774 $1,318,774 12.0%

Subtotal, Treasury Appropriations Committee $12,629,000 $12,288,704 $14,328,751 $2,040,047 16.6%

Treasury Forfeiture Fund ($836,000) ($869,000) ($875,000) ($6,000) 0.7%

Total, Treasury Appropriations Committee $11,793,000 $11,419,704 $13,453,751 $2,034,047 17.8%

Total, Cap Adjustment $0 $0 $667,297 $667,297 NA

Total, Treasury Appropriations Committee 

Excluding Cap Adjustment $11,793,000 $11,419,704 $12,786,454 $1,366,750 12.0%

Treasury International Programs $2,690,229 $2,454,304 $2,901,846 $447,542 18.2%

Economic Growth, National Security and Poverty $2,075,449 $1,999,804 $2,063,853 $64,049 3.2%

Food Security $163,000 $30,000 $74,930 $44,930 149.8%

World Bank Environmental Trust Funds $428,280 $401,000 $548,563 $147,563 36.8%

Debt Relief $0 $0 $124,500 $124,500 NA

Office of Technical Assistance (OTA) $23,500 $23,500 $28,000 $4,500 19.1%

Middle East Transition Fund $0 $0 $0 $0 NA

International Monetary Fund $0 $0 $62,000 $62,000 NA

Total $14,483,229 $13,874,008 $16,355,597 $2,481,589 17.9%

FY 2015 to FY 2016
Overview

The Fiscal Year (FY) 2016 President’s 

Budget requests $14.3 billion in annual 

discretionary appropriations for the 

Department of the Treasury’s operating 

accounts. Of this amount, $667 million is 

provided through a program integrity cap 

adjustment for tax enforcement activities 

estimated to yield net deficit reduction of $41 

billion over the next ten years. Treasury 

continues to identify operational savings

across programs, while making key 

investments to foster economic growth and 

opportunity, fight financial crimes, protect 

taxpayers and promote fair and effective 

revenue collection, encourage small business 

lending, support struggling homeowners, and 

responsibly manage the U.S. government’s 

financial resources. The Budget also proposes 

a permanent cancellation of $875 million in 

Forfeiture Fund balances. In addition, the 

Budget proposes $2.9 billion for Treasury’s 

International programs in order to promote 

our national security, open new markets for 

U.S. exporters, and address key global 

challenges such as food security and the 

environment.

The Budget aligns with the Department’s 

FY 2014 to 2017 Strategic Plan, Agency 

Priority Goals, and Federal Priority Goals.

1

The Congressional Justification also serves as 

the Department’s Annual Performance Report 

and Plan. 

 1 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.

Treasury Strategic Goal: Promote 

Domestic Economic Growth and Stability 

while Continuing Reforms to the Financial 

System

Treasury is committed to promoting economic 

growth that allows citizens and businesses to 

have more confidence in the safety and 

soundness of the financial system.

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). 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. In its first round of 

funding, SSBCI allocated $1.5 billion to 

strengthen state programs that leverage 

private capital and support lending to small 

businesses and small manufacturers that are 

creditworthy but unable to access the credit 

needed to grow and create jobs in their 

communities. From FY 2011 through 

FY 2013, SSBCI programs in all 50 states 

supported over $4.1 billion in loans and 

investments to 8,500 small businesses across 

the country — creating or saving more than 

95,000 American jobs, as reported by the 

small businesses who received the loans and 

investments.

The Budget proposes a new authorization of 

$1.5 billion for SSBCI to build on the 

momentum of the program's first round, 

strengthen the federal government's 

relationships with state economic 

development agencies, and provide capital to 

America's diverse community of 

entrepreneurs. This additional $1.5 billion 

would be awarded in two allocations: $1 

billion awarded on a competitive basis to 

states best able to target local market needs, 

promote inclusion, attract private capital for 
start-up and scale-up businesses, strengthen 

regional entrepreneurial ecosystems, and 

evaluate results; and $500 million awarded by 

a formula based on economic factors such as 

job losses and pace of economic recovery.

Supporting Economic Growth and 

Opportunity

The Budget proposes $233.5 million for the 

Community Development Financial 

Institutions (CDFI) Fund to promote 

economic development investments in lowincome and underserved communities. Of the 

total request, $35 million — an increase of 

$13 million from FY 2015 — for the 

Administration’s Healthy Food Financing 

Initiative will support increased availability of 

affordable, healthy food options for 

Americans living in food deserts.

The CDFI Fund will begin administering in 

FY 2016 a second round of awards under the 

Capital Magnet Fund (CMF). In December 

2014, the Federal Housing Finance Agency 

(FHFA) directed Fannie Mae and Freddie 

Mac to begin allocating funds to CMF as 

authorized by the Housing and Economic 

Recovery Act of 2008 (HERA). The purpose 

of CMF is to make awards to CDFIs and 

qualified nonprofit housing providers to 

increase capital investment for the 

development, preservation, rehabilitation, and 

purchase of affordable housing for lowincome families and for related economic 

development activities.

The Budget proposes legislation to extend the 

CDFI Bond Guarantee program, established 

by the Small Business Jobs Act of 2010, 

through FY 2017 with an annual guarantee

level not to exceed $1 billion to provide a 

source of long-term capital to CDFIs that 

support lending in underserved communities. 

The Budget also proposes reforms to the 

program to increase participation and ensure 

credit-worthy CDFIs have access to this 

important source of capital while continuing 

to maintain strong protections against credit 

risk. The CDFI Bond Guarantee program will 

continue to operate at no budgetary cost for 

new guarantees issuances.

Treasury proposes to implement a new $300 

million fund from mandatory appropriations 

to support Pay for Success projects. A 

growing number of state and local 

governments are using the Pay for Success 

model to finance preventive social programs 

that can provide savings to the federal 

government while improving outcomes for 

families and communities. Emerging Pay for 

Success projects are hampered by an inability 

to leverage savings across both levels of 

government and also government programs 

and by a lack of rigorous data. A Pay for 

Success fund will be designed to ensure that 

taxpayers get better returns for funds 

expended and government assets are protected 

by supporting for projects that show 

measurable outcomes resulting in greater 

federal savings and programmatic efficiency. 

Improving Retirement Security 

Many Americans lack access to workplace 

retirement savings plans, which is usually the 

most effective way to save for 

retirement. The risk of an insecure retirement 

is especially great for women, minorities, and 

low-income Americans. Treasury is 

supporting the Administration’s effort to 

improve retirement security by implementing 

a safe, simple, and affordable “starter” 

retirement savings program called myRA. 

Launched in December 2014 as a pilot for a 

group of small, medium and large employers, 

myRA is a retirement savings option with a 

new type of Roth IRA investment that has no 

start-up cost, no fees and no minimum 

contributions. The investment is backed by 

the U.S. Treasury and the account carries no 

risk of losing money. Through regular, 

automatic contributions from a paycheck, 
myRA is a safe, simple and affordable way 

for individuals to start saving for retirement.

Implementing Financial Reform

The Budget provides resources to continue 

implementation of the comprehensive 

financial reforms included in the Dodd-Frank 

Wall Street Reform and Consumer Protection 

Act. These reforms place tougher limits on 

risk-taking by financial institutions in order to 

promote financial stability and protect the 

American people.

In FY 2016, Treasury will strengthen the 

capabilities of the Federal Insurance Office

and invest in enhanced coordination and 

oversight of regulatory reform through the 

Financial Stability Oversight Council 

(FSOC). The Budget also reinvests savings to 

support U.S. efforts to encourage international 

trade and investment partners to implement 

corresponding financial reforms and 

safeguards — a key element to preventing or 

mitigating future crises.

Winding Down the Troubled Asset Relief 

Program

The actions taken under the Troubled Asset 

Relief Program (TARP), along with other 

emergency measures put in place by the 

Board of Governors of the Federal Reserve 

System and the Federal Deposit Insurance 

Corporation (FDIC), helped prevent the 

collapse of the U.S. financial system and 

stabilize the economy during the recent 

financial crisis. As a result of careful 

stewardship of the program and improved 

financial conditions, the ultimate cost of 

TARP investments to taxpayers has dropped 

from an estimated $341 billion in FY 2009 to 

$37.4 billion as of September 30, 2014 ($20

billion when Treasury’s additional AIG 

receipts are included). While winding down 

investment programs, Treasury continues 

TARP programs designed to help struggling 

homeowners avoid foreclosure. 

Stabilizing the Housing Market

Using authority granted under the Emergency 

Economic Stabilization Act (EESA), Treasury 

established two central housing programs 

under TARP, the Making Home Affordable 

(MHA) program and the Hardest Hit Fund 

(HHF). Treasury also used its authority to 

support the Federal Housing Administration’s 

(FHA) Short Refinance Program. In total, 

more than 2.2 million homeowner assistance 

actions have taken place under MHA 

programs. The Hardest Hit Fund provides 

$7.6 billion to 18 states and the District of 

Columbia to provide assistance to struggling 

homeowners through locally tailored 

programs administered by each respective

housing finance agency. To date, 19 housing 

finance agencies have drawn a total of $4.8 

billion under the HHF.

Recently, Treasury and HUD announced

enhancements to MHA programs designed to 

better assist struggling homeowners and 

communities still recovering from the effects 

of the financial crisis. The enhancements will 

help motivate borrowers to continue making 

modified mortgage payments, strengthen the 

safety net for homeowners facing continuing 

financial hardships, and help homeowners in 

MHA programs build equity in their homes, 

an important element in stabilizing distressed 

neighborhoods.

Treasury Strategic Goal: Enhance U.S. 

Competitiveness and Job Creation, and 

Promote International Financial Stability 

and More Balanced Global Growth

Encouraging International Economic 

Growth and Stability

Treasury works bilaterally and multilaterally 

to foster strong, sustainable, and balanced 

global growth; support free trade and open 

markets; promote a level playing field for 

U.S. financial institutions; maintain stable 

international financial markets; encourage 
foreign investment in the United States while 

protecting national security; and use 

leadership positions in international financial 

institutions to pursue U.S. strategic and 

economic policy goals. 

The Department’s $2.9 billion FY 2016

International Programs Budget request 

provides a cost effective way to promote our 

national security, expand markets for 

American businesses, and address key global 

challenges, including poverty, conflict, 

climate change, and food insecurity. The 

request includes funding for capital increases 

and replenishments at multilateral 

development banks, as well as contributions 

to several targeted funds and funding for 

Treasury’s Office of Technical Assistance. 

A well-resourced and effective IMF is 

indispensable to protecting the health of the 

U.S. economy, enhancing the prosperity of 

American workers, and achieving our national 

security interests. Our request proposes 

appropriations and authorization language to 

increase the U.S. quota in the IMF and 

simultaneously reduce, by an equal amount, 

U.S. participation in the IMF’s New 

Arrangements to Borrow. This language is 

necessary to complete IMF reforms that 

preserve the U.S. veto and our influence at the 

IMF. These reforms do not increase the 

current U.S. financial commitment to the 

IMF. We are prepared to work with Congress 

on funding approaches that secure passage of 

these critical reforms as soon as possible.

Treasury Strategic Goal: Fairly and 

Effectively Reform and Modernize Federal 

Financial Management, Accounting, and 

Tax Systems 

Data Transparency

The Budget provides funding for efforts to 

increase transparency and accountability in 

federal financial management and implement 

the Digital Accountability Transparency Act 

of 2014 (DATA Act). The DATA Act 

continues the reporting required under the 

Federal Funding Accountability and 

Transparency Act; requires additional federal

spending data to be displayed on 

USAspending.gov; and requires establishment 

of government-wide financial data standards 

for any federal funds made available to or

expended by federal agencies and entities 

receiving federal funds. Treasury is 

committed to implementing the DATA Act in 

a way that not only increases spending 

transparency but also improves government 

decision-making and increased operational 

efficiency through better access to data.

Internal Revenue Service

The Internal Revenue Service (IRS) collects 

more than 90 percent of federal revenue and 

interacts with virtually every American. 

Resources invested in the bureau represent a 

smart investment for taxpayers, returning 

nearly $4 for every dollar invested. In recent 

years, a lack of sufficient funding for the IRS 

has had major implications for taxpayers and 

the tax system. Despite IRS’s crucial role in 

our government, FY 2015 marks five years of 

Congress reducing the agency’s funding, 

which is now $1.2 billion lower than in 

FY 2010. As a result, taxpayers face longer 

wait times on the phone, and it takes longer

for the IRS to respond to taxpayer 

correspondence. A sustained deterioration in 

taxpayer service combined with reduced 

enforcement activity could create serious 

long-term risk for the U.S. tax system, which 

relies on voluntary compliance. The IRS 

supports this compliance by addressing 

millions of taxpayers’ questions in their 

efforts to comply with the law. 

The Budget provides the IRS with $12.3

billion in base discretionary resources, an 

increase of $1.3 billion from FY 2015, to

begin restoring taxpayer services to 
acceptable levels. Funds are also provided to 

continue major IT projects which aim to 

protect taxpayer information, modernize 

antiquated systems, continue development of 

a state-of-the-art online taxpayer experience, 

and build efficiencies throughout the agency 

while continuing to fund system development 

due to new legislative mandates including the 

Foreign Account Tax Compliance Act 

(FATCA) and the Affordable Care Act 

(ACA). 

The Budget also proposes a $667 million cap 

adjustment to support program integrity 

efforts aimed at restoring enforcement of 

current tax laws to acceptable levels and to 

help reduce the tax gap. This multi-year 

effort is expected to generate $60 billion in 

additional revenue over the next ten years at a 

cost of $19 billion, thereby reducing the 

deficit by $41 billion. The targeted 

investments made in FY 2016 are expected to

generate nearly $2.8 billion in annual revenue 

once fully operationalized in FY 2018, 

returning nearly $6 to the government for 

every dollar invested for these initiatives. 

Restoring Gulf Coast Communities

The Resources and Ecosystems Sustainability, 

Tourist Opportunities, and Revived 

Economies of the Gulf Coast States Act of 

2012 (RESTORE Act) established the Gulf 

Coast Restoration Trust Fund (Trust Fund) to 

maintain the civil and administrative penalties 

arising from the Deepwater Horizon oil 

spill. Treasury serves oversight, 

administrative, compliance, and audit roles to 

help ensure that funds are expended as 

required by the RESTORE Act, and works

with the Gulf Coast Restoration Council to 

administer these funds in supporting 

economic and environmental restoration in 

the Gulf Coast region. The Budget proposes 

legislation that will allow Departmental 

Offices to draw resources from the Trust Fund 

to carry out its responsibilities.

Treasury Strategic Goal: Safeguard the 

Financial System and Use Financial 

Measures to Counter National Security 

Threats 

The Office of Terrorism and Financial 

Intelligence (TFI) oversees and marshals 

Treasury’s intelligence, enforcement, and 

economic sanctions functions in support of 

U.S. national security policies and interests. 

The Budget provides $109.3 million to 

support these efforts.

Treasury is leading the U.S. effort to 

undermine the Islamic State of Iraq and the 

Levant’s (ISIL) finances as part of the 

comprehensive U.S. strategy to disrupt, 

degrade, and ultimately defeat the terrorist 

group. Representative of the comprehensive 

approach to counter ISIL, Treasury is working 

closely with the State Department, the 

Department of Defense, domestic and foreign 

law enforcement, the intelligence community, 

and the international community to undermine 

disrupt ISIL’s revenue streams; to restrict

ISIL’s access to the international financial 

system; and impose sanctions on ISIL’s 

senior leadership and financial facilitators to 

disrupt its ability to operate. 

Safeguarding the Financial System

The Budget provides $113 million for the 

Financial Crimes Enforcement Network 

(FinCEN) to support Treasury’s efforts to 

safeguard the financial system from illicit use, 

combat money laundering, and promote 

national security through the collection, 

analysis, and dissemination of financial 

intelligence and strategic use of financial 

authorities. FinCEN is applying its 

information gathering, analytic, and policy 

resources, along with its international 

relationships with foreign financial 

intelligence units, to combat threats posed by

groups such as ISIL. FinCEN’s work is 

focused on the collection, analysis, and 
dissemination of financial intelligence 

information.

Collection of Major Asset Forfeitures 

Supports Deficit Reduction

The Treasury Forfeiture Fund received over 

$833.5 million in forfeitures and recoveries in 

FY 2014. 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 $875 million from the 

Forfeiture Fund’s unobligated balances in FY 

2016.

Improving the Cybersecurity of Our 

Nation’s Financial Sector

Cyber risks to financial institutions and 

markets are growing in both frequency and 

sophistication. A cyber-attack by a state or 

non-state actor could paralyze our economy 

and cause significant long-term damage. 

Treasury is working to reduce the risks from 

cyber-attacks by helping to improve the 

financial sector’s resilience to such attacks 

and by investing in Treasury’s own defenses 

and infrastructure. 

Treasury Strategic Goal: Create a 21stCentury Approach to Government by 

Improving Efficiency, Effectiveness, and 

Customer Interaction

Treasury will continue to manage Treasury’s 

resources as effectively and efficiently as 

possible, creating the best value for all 

constituents.

Improving Digital Services

The success rate of government digital 

services is improved when agencies have 

digital service experts on staff with modern 

digital product design, software engineering,

and product management skills. The FY 2016 

Budget includes funding to establish a 

Treasury Digital Service team that will focus 

on transforming the Department’s digital 

services with the greatest impact to taxpayers 

and businesses so they are easier to use and 

more cost-effective to build and maintain. 

Increasing Shared Services

Treasury will continue to focus on achieving 

cost savings for American taxpayers, 

modernizing operations, and increasing 

productivity by governing strategically, 

working smarter, and leveraging technology. 

Increasing the use of shared services and 

better leveraging strategic sourcing for federal 

procurement will help achieve these goals.

Assess the Future of Currency, Including 

the Penny

The production and circulation of currency in 

the United States have been largely 

unchanged for decades, despite the growth in 

electronic financial transactions. Treasury is 

continuing its comprehensive review of U.S. 

currency, including a review of both the 

production and use of coins, in order to 

efficiently promote commerce in the 21st 

century. This review includes alternative 

metals, the United States Mint facilities, and 

consumer behavior and preferences. Treasury 

expects to announce the results of its review 

this fiscal year.

The Budget includes a plan to relocate the 

Bureau of Engraving and Printing’s 

Washington, D.C. facility to a facility more 

appropriate for modern currency production. 

Savings Proposals

As a result of Treasury’s ongoing efforts to 

improve efficiency, reduce costs, and 

streamline operations, the Department has 

been able to propose over $1.1 billion in 

savings in its budget submissions over the 

past five years. 
FY 2016 President's Budget by Strategic Goal

(Dollars in thousands) 

Direct $ Reimb. $ Direct $ Reimb. $ Direct $ Reimb. $ Direct $ Reimb. $ Direct $ Reimb. $ Direct $ Reimb. $

Management & Financial 503,934 42,007 85,621 24,399 531,245 229,269 248,675 69,782 28,205 7,717 1,397,680 373,175 

Departmental Offices Salaries and Expenses 68,010 17,565 85,621 24,399 45,995 16,010 114,696 55,782 17,515 7,717 331,837 121,474 

Department-wide Systems and Capital Investments Program 10,690 10,690 0 

Office of Inspector General 14,416 2,000 21,000 11,000 35,416 13,000 

Treasury Inspector General for Tax Administration 167,275 1,500 167,275 1,500 

Special Inspector General for TARP 40,671 40,671 0 

Community Development Financial Institutions Fund 233,523 0 233,523 0 

Financial Crimes Enforcement Network 112,979 3,000 112,979 3,000 

Alcohol and Tobacco Tax and Trade Bureau 48,654 3,024 52,785 3,276 101,439 6,300 

Bureau of the Fiscal Service 113,076 21,418 250,774 206,483 363,850 227,901 

Tax Administration 0 0 0 0 12,931,071 125,275 0 0 0 0 12,931,071 125,275 

IRS Taxpayer Services 2,408,803 34,600 2,408,803 34,600 

IRS Enforcement 5,399,832 37,675 5,399,832 37,675 

IRS Operations Support 4,743,258 53,000 4,743,258 53,000 

Business Systems Modernization 379,178 379,178 0 

Total, Treasury Appropriations Committee 503,934 42,007 85,621 24,399 13,462,316 354,544 248,675 69,782 28,205 7,717 14,328,751 498,450 

Treasury International Programs 2,901,846 2,901,846 0 

Total, Appropriated Level 503,934 42,007 2,987,467 24,399 13,462,316 354,544 248,675 69,782 28,205 7,717 17,230,597 498,450 

Non-Appropriated Bureaus 176,191 5,678,045 0 0 0 0 0 21,137 0 0 176,191 5,699,182 

Office of Financial Stability (Administrative Account) 155,066 155,066 0 

Small Business Lending Fund Program (Administrative) 15,039 15,039 0 

State Small Business Credit Initiative (Administrative) 6,086 6,086 0 

Financial Stability Oversight Council 19,316 0 19,316 

Office of Financial Research 108,105 0 108,105 

Bureau of Engraving and Printing 863,940 0 863,940 

United States Mint 3,595,307 0 3,595,307 

Office of the Comptroller of the Currency 1,091,377 21,137 0 1,112,514 

Subtotal, Direct $ 680,125 2,987,467 13,462,316 248,675 28,205 17,406,788 

Subtotal, Reimbursable $ 5,720,052 24,399 354,544 90,919 7,717 6,197,632 

Total, Treasury Level 6,400,178 3,011,867 13,816,860 339,594 35,922 23,604,420 

1/ Total does not include the proposed $875 million Forfeiture Fund permanent cancellation. 

Total Treasury Goal/Objective

Promote domestic economic 

growth and stability while 

continuing reforms of the 

financial system

Enhance U.S. competitiveness 

and job creation, and promote 

international financial stability 

and more balanced global 

growth

Fairly and effectively reform 

and modernize federal 

financial management, 

accounting, and tax systems

Safeguard the financial 

system and use financial 

measures to counter national 

security threats

Create a 21st-century 

approach to government by 

improving efficiency, 

effectiveness and customer 

interaction
Fiscal Year Comparison of Full-Time Equivalent (FTE) Staffing (Direct and Reimbursable)

(Dollars in Thousands)

 2014 Actual 2015 Enacted 2016 President's Budget

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

Departmental Offices Salaries and Expenses 1,154 157 1,311 781 184 965 1,312 163 1,475

Terrorism and Financial Intelligence 0 0 0 377 39 416 0 0 0

Office of Inspector General 13 166 179 194 19 213 194 19 213

Treasury Inspector General for Tax Administration 740 2 742 835 2 837 859 2 861

Special Inspector General for TARP 165 0 165 192 0 192 192 0 192

Community Development Financial Institutions Fund 76 0 76 79 0 79 87 0 87

Financial Crimes Enforcement Network 279 0 279 345 1 346 343 1 344

Alcohol and Tobacco Tax and Trade Bureau 460 10 470 473 10 483 509 10 519

Bureau of the Fiscal Service 1,676 714 2,390 1,636 714 2,350 1,586 701 2,287

Internal Revenue Service 84,142 619 84,761 81,473 730 82,203 90,718 768 91,486

Subtotal, Treasury Appropriated Level 88,705 1,668 90,373 86,385 1,699 88,084 95,800 1,664 97,464

Office of Financial Stability (Administrative Account) 99 22 121 87 20 107 75 19 94

Small Business Lending Fund Program 15 0 15 19 0 19 19 0 19

State Small Business Credit Initiative 10 0 10 11 0 11 9 0 9

Office of Financial Research 189 0 189 257 0 257 301 0 301

Working Capital Fund 0 5 5 0 0 0 0 0 0

Treasury Franchise Fund 0 1,460 1,460 0 1,643 1,643 0 1,786 1,786

Bureau of Engraving and Printing 0 1,844 1,844 0 1,944 1,944 0 1,924 1,924

United States Mint 0 1,661 1,661 0 1,874 1,874 0 1,774 1,774

Office of the Comptroller of the Currency 0 3,891 3,891 0 3,959 3,959 0 3,959 3,959

Pay for Success 0 0 0 0 0 0 14 0 14

Terrorism Insurance Program 6 0 6 10 0 10 10 0 10

Total 89,024 10,551 99,575 86,769 11,139 97,908 96,228 11,126 107,354

1/ In a few cases, FTE numbers have been updated since data entry was completed in the OMB database. The numbers presented in this table are the most current estimates.

2/ A portion of Fiscal Service's Reimbursable/Fee FTE is funded by fee revenue as authorized by the Debt Collection Improvement Act (DCIA) of 1996.

3/ IRS FY 2014-2016 Direct FTE include 3 FTE funded from the Federal Highway Transportation Authority Account; IRS FY 2014 Direct FTE Actuals include 6 positions funded 

through a transfer from the CMS HIRIF account for the Affordable Care Act. IRS FY 2016 Direct FTE includes 858 FTE funded from User Fees.
Summary of FY 2016 Increases and Decreases

(Dollars in Thousands)

 Offsetting Fees/ Total, Treasury

 Cancellations/ Appropriations

 DO DSCIP OIG TIGTA SIGTARP CDFI FinCEN TTB Fiscal 

Service IRS Total Rescissions Committee

FY 2015 Enacted $322,500 $2,725 $35,351 $158,210 $34,234 $230,500 $112,000 $100,000 $348,184 $10,945,000 $12,288,704 ($869,000) $11,419,704

Adjustment to Request ($13,522) $0 ($484) $0 $0 $0 $0 $0 $0 $0 ($14,006) $0 ($14,006)

Maintaining Current Levels 

(MCLs) $5,251 $0 $549 $2,557 $772 $437 $1,896 $1,687 $5,888 $200,677 $219,714 $0 $219,714

Non-Recurring Costs ($3,255) ($2,725) $0 $0 $0 ($523) $0 $0 $0 $0 ($6,503) $0 ($6,503)

Efficiency Savings ($395) $0 $0 ($84) $0 ($84) ($726) ($248) ($8,480) ($18,431) ($28,448) $0 ($28,448)

Other Adjustments $0 $0 $0 $0 $5,665 $0 $0 $0 $0 $0 $5,665 $0 $5,665

Adjustments to Base ($11,921) ($2,725) $65 $2,473 $6,437 ($170) $1,170 $1,439 ($2,592) $182,246 $176,422 $0 $176,422

FY 2016 Base $310,579 $0 $35,416 $160,683 $40,671 $230,330 $113,170 $101,439 $345,592 $11,127,246 $12,465,126 ($869,000) $11,596,126

Program Decreases $0 $0 $0 $0 $0 ($18,000) ($191) ($1,000) ($1,530) $0 ($20,721) $0 ($20,721)

Program Reinvestments $700 $0 $0 $0 $0 $0 $0 $0 $0 $16,025 $16,725 $0 $16,725

Program Increases $20,558 $10,690 $0 $6,592 $0 $21,193 $0 $1,000 $19,788 $1,120,503 $1,200,324 $0 $1,200,324

Program Integrity Cap 

Adjustment $0 $0 $0 $0 $0 $0 $0 $0 $0 $667,297 $667,297 $0 $667,297

Subtotal, Program Changes $21,258 $10,690 $0 $6,592 $0 $3,193 ($191) $0 $18,258 $1,803,825 $1,863,625 $0 $1,863,625

Change to Offsetting 

Fees/Cancellations/Rescissions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($6,000) ($6,000)

FY 2016 President's Budget $331,837 $10,690 $35,416 $167,275 $40,671 $233,523 $112,979 $101,439 $363,850 $12,931,071 $14,328,751 ($875,000) $13,453,751

1/ Total resources for FY 2016 includes a $875 million Forfeiture Fund cancellation.

2/ Total Efficiency Savings for Treasury is $28.456 million. BEP and Mint savings of $7.757 million are not reflected in the chart above.