United States Department of 

the Treasury

Fiscal Year 2013

Federal Program Inventory

May 2013
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Table of Contents

Introduction ......................................................................................................................................6

Approach...........................................................................................................................................6

1. Departmental Offices..............................................................................................................7

1.1. Executive Direction .......................................................................................................................7

1.2. International Affairs and Economic Policy....................................................................................7

1.3. Domestic Finance and Tax Policy ..................................................................................................7

1.4. Terrorism and Financial ................................................................................................................7

1.5. Treasury-wide Management and Programs.................................................................................8

1.6. Treasury Forfeiture Fund ..............................................................................................................8

1.7. Terrorism Risk Insurance Program................................................................................................8

1.8. Grants for Specified Energy Property ...........................................................................................8

1.9. Exchange Stabilization Fund (ESF) ................................................................................................8

2. Department-wide Capital Investments Program ......................................................................9

2.1. Department-wide Systems and Capital Investments Program.....................................................9

3. Office of the Inspector General..............................................................................................10

3.1. Audit............................................................................................................................................10

3.2. Investigations..............................................................................................................................10

4. Special Inspector General for TARP........................................................................................11

4.1. Audit............................................................................................................................................11

4.2. Investigations..............................................................................................................................11

5. Treasury Inspector General for Tax Administration ................................................................12

5.1. Audit............................................................................................................................................12

5.2. Investigations..............................................................................................................................12

6. Community Development Financial Institutions Fund ............................................................13

6.1. Community Development Financial Institutions (CDFI) Program...............................................13

6.2. Bank Enterprise Award (BEA) Program.......................................................................................13

6.3. Native American CDFI Assistance(NACA) Program.....................................................................13

6.4. Healthy Food Financing Initiative (HFFI).....................................................................................13

6.5. Financial Education and Counseling Pilot Program ....................................................................14

6.6. Financial Education and Counseling Pilot Program (Hawaii)......................................................14

6.7. Capital Magnet Fund...................................................................................................................14

6.8. Bond Guarantee Program...........................................................................................................14

7. Financial Crimes Enforcement Network (FinCEN) ...................................................................15

7.1. Bank Secrecy Act (BSA) Administration and Analysis .................................................................15
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8. Alcohol and Tobacco Tax and Trade Bureau (TTB) ..................................................................16

8.1. Collecting the Revenue ...............................................................................................................16

8.2. Protect the Public........................................................................................................................16

9. Bureau of the Fiscal Service...................................................................................................17

9.1. Collections...................................................................................................................................17

9.2. Do Not Pay (DNP) Business Center .............................................................................................17

9.3. Government Agency Investment Services (GAIS).......................................................................17

9.4. Government-wide Accounting and Reporting (GWA) ................................................................17

9.5. Payments.....................................................................................................................................18

9.6. Retail Securities Services (RSS) ...................................................................................................18

9.7. Summary Debt Accounting (SDA) ...............................................................................................18

9.8. Wholesale Securities Services (WSS) ..........................................................................................18

10. Internal Revenue Service.......................................................................................................19

10.1. Pre-Filing Taxpayer Assistance and Education........................................................................19

10.2. Filing and Account Services.....................................................................................................19

10.3. Investigations..........................................................................................................................19

10.4. Exams and Collections.............................................................................................................19

10.5. Regulatory...............................................................................................................................19

10.6. Shared Services and Support ..................................................................................................20

10.7. Information Services...............................................................................................................20

10.8. Business Systems Modernization............................................................................................20

11. Troubled Asset Relief Program ..............................................................................................21

11.1. Capital Purchase Program (CPP) .............................................................................................21

11.2. Targeted Investment Program (TIP)........................................................................................21

11.3. Asset Guarantee Program (AGP).............................................................................................21

11.4. Community Development Capital Initiative............................................................................21

11.5. Public-Private Investment.......................................................................................................22

11.6. Term Asset-Backed Securities Loan Facility (TALF).................................................................22

11.7. Small Business Administration (SBA) 7(a) Securities Purchase Program................................22

11.8. American International Group................................................................................................22

11.9. Automotive Industry Financing Program (AIFP) .....................................................................22

12. Housing Program under TARP................................................................................................23

12.1. Making Home Affordable Program (MHA) .............................................................................23

12.2. Housing Finance Agency (HFA) Hardest-Hit Fund...................................................................23

12.3. Federal Housing Administration (FHA)-Refinance Program ...................................................23

13. Housing & Government Sponsored Enterprise Programs........................................................24

13.1. Preferred Stock Purchase Agreements (PSPA)........................................................................24

13.2. GSE Mortgage-Backed Securities (MBS) Purchase Program...................................................24
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13.3. Housing Finance Agencies Initiative........................................................................................24

14. Small Business Lending Fund .................................................................................................25

14.1. Small Business Lending Fund (SBLF) .......................................................................................25

15. State Small Business Credit Initiative.....................................................................................26

15.1. State Small Business Credit Initiative Program.......................................................................26

16. Financial Research Fund........................................................................................................27

16.1. Financial Stability Oversight Council.......................................................................................27

16.2. Federal Deposit Insurance Corporation Payments.................................................................27

16.3. Office of Financial Research....................................................................................................27

17. Bureau of Engraving and Printing ..........................................................................................28

17.1. Manufacturing.........................................................................................................................28

18. United States Mint................................................................................................................29

18.1. Manufacturing.........................................................................................................................29

19. Office of Comptroller of Currency..........................................................................................30

19.1. Supervise.................................................................................................................................30

19.2. Regulate ..................................................................................................................................30

19.3. Charter ....................................................................................................................................30

20. The Federal Financing Bank ...................................................................................................31

20.1. Federal Financing Bank (FFB)..................................................................................................31

21. Treasury International Programs...........................................................................................32

21.1. Contribution to the International Development Association (IDA)........................................32

21.2. Contribution to the International Bank for Reconstruction and Development (IBRD) ..........32

21.3. Contribution to the International Finance Corporation .........................................................32

21.4. Contribution to the Inter-American Development Bank (IDB and FSO).................................32

21.5. Contribution to the Multilateral Investment Fund (MIF) .......................................................33

21.6. Contribution to the Inter-American Investment Corporation (IIC).........................................33

21.7. Contribution to the Asian Development Bank (AsDB)............................................................33

21.8. Contribution to the Asian Development Fund (AsDF) ............................................................33

21.9. Contribution to the African Development Bank (AfDB)..........................................................34

21.10. Contribution to the African Development Fund (AfDF)..........................................................34

21.11. Contribution to the European Bank for Reconstruction and Development...........................34

21.12. Contribution to the North American Development Bank.......................................................34

21.13. Contribution to the Global Agriculture and Food Security Program (GAFSP) ........................34

21.14. Contribution to the International Fund for Agricultural Development (IFAD) .......................35

21.15. Contribution to the Clean Technology Fund (CTF)..................................................................35

21.16. Contribution to the Strategic Climate Funds (SCF).................................................................35
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21.17. Contribution to the Global Environment Facility (GEF) ..........................................................35

21.18. Bilateral Debt Reduction /Contribution to the HIPC Trust Fund ............................................36

21.19. Contribution to the Multilateral Debt Relief Initiative for IDA...............................................36

21.20. Contribution to the Multilateral Debt Relief Initiative for AfDF .............................................36

21.21. Tropical Forest Conservation Act (TFCA) ................................................................................36

21.22. Office of Technical Assistance (OTA).......................................................................................37

21.23. United States Quota, International Monetary Fund (IMF) .....................................................37

21.24. Loans to the International Monetary Fund (IMF)...................................................................37

21.25. Contribution to the Multilateral Investment Guarantee Agency ...........................................37
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Introduction

The GPRA Modernization Act (GPRAMA) of 2010 requires a central inventory of all Federal programs. 

The Federal Program Inventory has the potential to facilitate coordination across programs by making it 

easier to find programs that can contribute to a shared goal, as well as improve public understanding 

about what Federal programs do and how programs link to budget, performance and other information.

This document describes each of the Department of the Treasury’s 94 programs in all of the bureaus and 

how the program supports the Department’s broader Strategic Goals. Please refer to 

www.Performance.gov for program contributions to our Agency Priority Goals and Cross-Agency Priority 

(CAP) Goals. Treasury currently contributes to the following CAP Goals: Entrepreneurship and Small 

Business; Energy Efficiency; Veteran Career Readiness; Job Training; Cybersecurity; Sustainability; Real 

Property; Improper Payments; Data Center Consolidation; Closing Skills Gaps; and Strategic Sourcing. 

For each bureau, we included the budget authority reported in the FY 2014’s President’s Budget for 

fiscal years 2012, 2013 and 2014. 

Approach

The Department of the Treasury’s approach was to align the list of programs directly with the budget 

activities listed in the Congressional Justification. Historically, Treasury uses its budget activities to 

define programs for external audiences, including for GPRA reporting purposes, and therefore has 

consistent data sources to support the budget activities.

We limited the mandatory accounts included to those that match the characteristics of a program, thus 

excluding most of our pass through accounts. Finally, we excluded all interest and tax credit accounts, 

as well as budget activities that have been proposed, but not funded by Congress. 
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1. Departmental Offices $312 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

308 310 312

*Note: The amounts above only include the Salaries and Expenses appropriation.

1.1. Executive Direction

The Executive Direction program area provides direction and policy formulation to the Department and 

Departmental Offices and interacts with Congress and the public on Departmental policy matters.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market; Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth; Protect our National Security through Targeted Financial 

Actions; Pursue Comprehensive Tax and Fiscal Reform; and Manage the Government’s Finances 

in a Fiscally Responsible Manner

1.2. International Affairs and Economic Policy

The offices in this budget activity promote economic growth in the U.S. by producing technical economic 

analyses for the Secretary and advancing U.S. economic and financial policy priorities around the world.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market; Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth; and Pursue Comprehensive Tax and Fiscal Reform

1.3. Domestic Finance and Tax Policy

The offices within Domestic Finance and Tax Policy monitor and provide advice and assistance to the 

Secretary in their respective areas, as well as on financial markets and the regulation of financial 

institutions. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market; Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth; Pursue Comprehensive Tax and Fiscal Reform; and 

Manage the Government’s Finances in a Fiscally Responsible Manner

1.4. Terrorism and Financial Intelligence (TFI)

TFI oversees and marshals the Department’s intelligence, enforcement, and economic sanctions 

functions that strengthen national security with the goal of safeguarding financial systems against illicit 

use and combating rogue nations, terrorist facilitators, money launderers, drug kingpins, proliferators of 

weapons of mass destruction, and other national security threats. TFI deploys its full range of financial 

authorities to track, degrade, and disrupt threats to national security from state and non-state actors, 

and has become a center of excellence in tracking and targeting the conduits through which illicit money 

is moved. TFI’s unique capabilities leverage intelligence, law enforcement, sanctions, regulatory, and 

diplomatic tools in service of this mission. 

 Supported Strategic Goals: Protect our National Security through Targeted Financial Actions
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1.5. Treasury-wide Management and Programs

This budget activity includes offices that are responsible for the internal management and policy of the 

Department: the Office of the Chief Information Officer; the Office of Privacy, Transparency, and 

Records; the Office of the Procurement Executive; the Office of Human Capital Officer; the Office of 

Emergency Programs; the Office of the Deputy Chief Financial Officer; and the office of the Deputy 

Assistant Secretary for Management and Budget. 

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible

Manner

1.6. Treasury Forfeiture Fund

The function of the Treasury Forfeiture Fund is to ensure that resources are managed to cover the costs 

of an effective asset seizure and forfeiture program, including the costs of seizing, evaluating, 

inventorying, maintaining, protecting, advertising, forfeiting, and disposing of property. Asset forfeiture 

is used by federal law enforcement to disrupt and dismantle criminal enterprises.

 Supported Strategic Goals: Protect our National Security through Targeted Financial Actions

1.7. Terrorism Risk Insurance Program

The Terrorism Risk Insurance Extension Act of 2007 reauthorized and revised the program established 

by the Terrorism Risk Insurance Act (TRIA) of 2002 and administered by the Treasury Department. The 

2007 Act extended the program for seven years, through December 31, 2014. This extension of TRIA 

added a requirement for commercial property and casualty insurers to make available coverage for 

losses from domestic, as well as foreign, acts of terrorism, and extended TRIA coverage for those losses.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

1.8. Grants for Specified Energy Property

This program provides payments for specified energy property (including qualified facilities that produce 

electricity from wind and certain other renewable resources; qualified fuel cell property; solar property; 

qualified small wind energy property; geothermal property; qualified microturbine property; combined 

heat and power system property; and geothermal heat pump property).

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

1.9. Exchange Stabilization Fund (ESF)

Authorized to deal in gold, foreign exchange, and other instruments of credit and securities, as the 

Secretary of the Treasury considers necessary, consistent with U.S. obligations in the International 

Monetary Fund (IMF) regarding orderly exchange arrangements and a stable system of exchange rates. 

All earnings and interest accruing to the ESF are available for the purposes thereof. Transactions in 

Special Drawing Rights (SDRs) and U.S. holdings of SDRs are administered by the fund.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
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2. Department-wide Capital Investments Program $3 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

0 0 3

2.1. Department-wide Systems and Capital Investments Program

The purpose of DSCIP funds is to modernize business processes and increase efficiencies within Treasury 

and across the government.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner
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3. Office of the Inspector General $31 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

30 30 31

3.1. Audit

The Office of Audit conducts audits aimed to ensure the accountability of resources, protect 

information, and provide recommendations for improving the economy, efficiency, effectiveness, and 

integrity of Treasury programs and operations under its jurisdiction.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

3.2. Investigations

The Office of Investigations prevents, detects, and investigates complaints of fraud, waste, and abuse. 

This includes the detection and prevention or deterrence of employee misconduct and fraud, or related 

financial crimes within or directed against Treasury. The office refers its cases to the Department of 

Justice, state or local prosecutors for criminal prosecution or civil litigation, or to agency officials for 

corrective administrative action.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner
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4. Special Inspector General for TARP $35 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

42 42 35

4.1. Audit

The Audit Division (AD) conducts, supervises, and coordinates programmatic audits with respect to 

Treasury’s operation of TARP as well as evaluations of TARP policies and procedures. With respect to 

auditing, the division is designed to provide SIGTARP with maximum flexibility in the size, timing, and 

scope of audits so that, without sacrificing the rigor of the methodology, audit results, whenever 

possible, can be generated rapidly both for general transparency’s sake and so that the resulting data 

can be used to improve the operations of TARP. Regarding policy review and technical assistance, a 

particular focus of AD is ensuring that appropriate internal controls are in place and are complied with, 

both by Treasury in its management of TARP and by the recipients of TARP funds, including vendors and 

the entities in which money is invested. Where controls or compliance are found to be lacking, or 

where particular aspects or policies risk being ineffective at reaching TARP’s goals, AD assists the Special 

Inspector General to fashion recommendations to resolve such issues. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

4.2. Investigations

The Investigations Division (ID) supervises and conducts criminal and civil investigations into those 

persons and entities, whether inside or outside of government, who waste, steal, or abuse TARP funds 

or programs. The division is comprised of experienced financial and corporate fraud investigators, 

including not only special agents, but also forensic analysts, and investigative attorneys. This structure 

provides SIGTARP with a broad array of expertise and perspectives in developing the most sophisticated 

investigations. In the interests of maximizing criminal and civil enforcement, ID coordinates closely with 

other law enforcement agencies with the goal of forming law enforcement partnerships, including task 

force relationships, across the Federal government and state governments to leverage SIGTARP’s 

expertise and unique position. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
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5. Treasury Inspector General for Tax Administration $150 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

152 153 150

5.1. Audit

The Office of Audit (OA) identifies opportunities to improve the administration of the Nation’s tax laws 

by completing comprehensive and independent performance and financial audits of IRS programs and 

operations. The Treasury Inspector General for Tax Administration (TIGTA)’s Annual Audit Plan 

communicates audit priorities. OA strategically evaluates IRS programs, activities, and functions so that 

resources are expended in the areas of highest vulnerability to the Nation’s tax system. The Audit 

program incorporates both statutory audit requirements and specific audits identified through TIGTA’s 

risk assessment process. By focusing on the most critical areas, OA ensures that audits of IRS programs 

and operations identify and recommend improvements that add value while addressing high-risk tax 

administration issues. 

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

5.2. Investigations

TIGTA’s statutory responsibility also includes protecting the integrity of tax administration and the 

ability of the IRS to collect revenue for the Federal Government. To accomplish this, TIGTA investigates 

allegations of criminal activity and serious misconduct committed by IRS employees, ensures IRS 

employees’ safety and data and infrastructure security, and protects the IRS against external attempts 

to corrupt tax administration.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner
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6. Community Development Financial Institutions Fund $225 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

221 222 225

6.1. Community Development Financial Institutions (CDFI) Program

Through the CDFI Program, the CDFI Fund makes financial assistance awards to CDFIs that have 

comprehensive business plans for creating community development impact and that demonstrate the 

ability to leverage private sector sources of financing, as well as technical assistance grants to CDFIs and 

entities proposing to become CDFIs. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.2. Bank Enterprise Award (BEA) Program 

Through the BEA Program, the CDFI Fund encourages insured depository institutions to increase 

investments and services in distressed communities and to provide financial assistance to CDFIs.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.3. Native American CDFI Assistance(NACA) Program

Through the NACA Program, the CDFI Fund assists entities in overcoming barriers that prevent access to 

credit, capital, and financial services in American Indian, Alaska Native, and Native Hawaiian 

communities. The CDFI Fund, through the NACA Program, makes monetary awards to increase the 

number and capacity of existing or new Native CDFIs — i.e., CDFIs that serve Native Communities. In 

addition, the NACA Program provides training to help strengthen and develop Native CDFIs.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.4. Healthy Food Financing Initiative (HFFI)

The HFFI is an interagency initiative involving the U.S. Department of the Treasury, the U.S. Department 

of Agriculture, and the U.S. Department of Health and Human Services. The HFFI represents the Federal 

government’s first coordinated step to eliminate “food deserts” – low-income urban and rural areas in 

the United States with limited access to affordable and nutritious food – by promoting a wide range of 

interventions that expand the supply of and demand for nutritious foods, including increasing the 

distribution of agricultural products; developing and equipping grocery stores; and strengthening 

producer-to-consumer relationships. Through the HFFI, the CDFI Fund awards CDFI Program funds to 

certified CDFIs to help address the need for healthy food in underserved and low-income 

communities. These organizations use Federal grants, below market-rate loans, loan guarantees, and 

tax credits to attract private sector financing to projects that increase access to healthy food options. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
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6.5. Financial Education and Counseling Pilot Program

This pilot program provided grants to eligible organizations to provide a range of financial education 

and counseling services to prospective homebuyers.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.6. Financial Education and Counseling Pilot Program (Hawaii)

This pilot program provided grants to eligible organizations to provide a range of financial education 

and counseling services to prospective homebuyers in the State of Hawaii.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.7. Capital Magnet Fund

The Housing and Economic Recovery Act (HERA) of 2008 established the Capital Magnet Fund (CMF) to 

assist Community Development Financial Institutions (CDFIs) and other non-profits to expand financing 

for the development, rehabilitation and purchase of affordable housing and economic development 

projects in distressed communities.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

6.8. Bond Guarantee Program

The Small Business Jobs Act of 2010 (Public Law 111-240) created the CDFI Bond Guarantee 

Program (BG Program). These bonds will support CDFI lending and investment activity in 

underserved communities by providing a source of long-term capital. Qualified issuers (CDFIs or 

their designees) will issue Bonds that are guaranteed by Treasury and use the Bond Proceeds to 

make Bond Loans to Eligible CDFIs for Eligible Community and Economic Development Purposes. 

Treasury may guarantee up to 10 Bonds per year. The Bond maturity cannot exceed 30 years.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
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7. Financial Crimes Enforcement Network (FinCEN) $104 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

111 111 104

7.1. Bank Secrecy Act (BSA) Administration and Analysis

This program comprises FinCEN’s efforts to administer the BSA, including promulgating regulations; 

providing outreach and issuing guidance to the regulated industries; providing oversight of BSA 

compliance; and managing the information reported by the regulated industries, as well as BSA 

compliance of non-bank financial institutions.

 Supported Strategic Goals: Protect our national security through targeted financial actions
16

8. Alcohol and Tobacco Tax and Trade Bureau (TTB) $96 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

100 100 $96

8.1. Collecting the Revenue

This includes all tax processing, verification, enforcement, and outreach efforts related to administering 

the Federal excise taxes due on alcohol and tobacco products, and firearms and ammunition. TTB 

collects approximately $23 billion in Federal tax revenue annually from roughly 8,500 businesses, 

making TTB the third largest tax collection agency in the Federal government. Members of the 

regulated industries that are subject to excise taxes are distilleries, breweries, bonded wineries, bonded 

wine cellars, manufacturers of cigarette papers and tubes, manufacturers of tobacco products, and 

manufacturers and importers of firearms and ammunition. In ensuring a level playing field for all those 

engaged in the trade of these strictly regulated commodities, TTB also takes appropriate enforcement 

action to detect and address diversion activity and ensure all products sold in the marketplace are 

properly taxpaid. 

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

8.2. Protect the Public

This funds the programs that ensure the integrity of the products and industry members in the 

marketplace, promote compliance with Federal laws and regulations by the nearly 61,700 businesses 

that TTB regulates, facilitate fair and lawful commercial trade in the alcohol and tobacco commodities, 

and provide full and accurate alcohol beverage product information to the public as a means to prevent 

consumer deception.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
17

9. Bureau of the Fiscal Service $360 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

391 394 360

9.1. Collections

Manages the collection of federal revenues such as individual and corporate income tax deposits, 

customs duties, loan repayments, fines, and proceeds from leases. In addition, the Fiscal Service 

establishes and implements collection policies, regulations, standards, and procedures for the Federal

Government.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.2. Do Not Pay (DNP) Business Center

The DNP Business Center was established for use by all departments and agencies in order to achieve 

the goal of preventing ineligible recipients from receiving payments or awards from the Federal 

Government. Specifically, the DNP Business Center is comprised of two components geared towards 

reducing improper payments: DNP Portal and DNP Analytic Services.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.3. Government Agency Investment Services (GAIS)

The GAIS Program works to effectively finance government operations by offering specialized 

investments for government entities at the federal, state, and local levels, as well as borrowings by 

federal agencies. This program consists of three distinct components: Federal Investments, Special 

Purpose Securities, and Federal Borrowings.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.4. Government-wide Accounting and Reporting (GWA)

The GWA Program also works with Federal Program Agencies (FPA) to adopt uniform accounting and 

reporting standards and systems. It provides support, guidance, and training to assist FPAs in improving 

their government-wide accounting and reporting responsibilities. Fiscal Service collects, analyzes, and

publishes government-wide financial information, which is used by the Federal Government to establish 

fiscal and debt management policies and by the public and private sectors to monitor the Government’s 

financial status. Publications include the Daily Treasury Statement, the Monthly Treasury Statement, 

the Treasury Bulletin, the Combined Statement of the United States Government, and the Financial 

Report of the United States Government (FR).

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner
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9.5. Payments

The Fiscal Service is responsible for managing and operating federal payment systems and disbursing 

approximately 85 percent of all federal payments. Major payments include: Social Security Benefits, 

Supplemental Security Income, Federal Pension Benefits, Veterans’ Compensation and Pension, Railroad 

Retirement Pensions, and tax refunds. The Payments Program is also responsible for controlling and 

providing financial integrity to the payments process through reconciliation, accounting, and claims 

activities. The claims activity settles claims against the United States resulting from federal government 

checks that have been forged, lost, stolen, or destroyed as well as claims and reclamations for Electronic 

Funds Transfers payments. Fiscal Service collects monies from those parties liable for fraudulent or 

otherwise improper negotiation of government checks.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.6. Retail Securities Services (RSS)

The RSS Program works to finance government operations by selling marketable and savings securities 

directly to retail investors.

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.7. Summary Debt Accounting (SDA)

SDA is vital to meeting Fiscal Service's responsibility to account for nearly $16 trillion of public debt and 

over $450 billion in related interest expenses incurred to finance the operations of the Federal 

Government. The program produces daily reports on the balances and composition of the public debt, 

the Monthly Statement of the Public Debt, and the annual, audited Schedules of Federal Debt, which 

reports on the single largest liability in the FR. 

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner

9.8. Wholesale Securities Services (WSS)

WSS is responsible for the announcement, auction, issuance and settlement of marketable Treasury 

bills, notes, bonds and Treasury Inflation-Protected Securities. The program also oversees that portion 

of the federal infrastructure that provides for the transfer, custody and redemption of all Treasury 

marketable securities, which are purchased mostly by commercial market participants. The auction 

program, an element of the WSS Program, is an essential function for Treasury that enables the Federal 

Government to finance operations. WSS ensures that communications, systems, processes and 

contingency plans provide for high-level performance and business continuity for wholesale auction 

operations. 

 Supported Strategic Goals: Manage the Government’s Finances in a Fiscally Responsible 

Manner
19

10. Internal Revenue Service (IRS) $12,861 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

11,817 11,888 12,861

10.1. Pre-Filing Taxpayer Assistance and Education

This program funds services to assist with tax return preparation, including tax law interpretation, 

publication, production, and advocate services. 

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.2. Filing and Account Services

This program funds filing and account services to taxpayers, process paper and electronically-submitted 

tax returns, issue refunds, and maintain taxpayer accounts. The IRS continues to make progress in 

decreasing paper returns and increasing the use of electronic filing and payment methods. This also 

provides operating resources to administer the advance payment feature of the Trade Act of 2002 

(Public Law 107-210) health insurance tax credit program, which assists dislocated workers with their 

health insurance premiums.

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.3. Investigations 

This program funds the Criminal Investigation activities that explore potential criminal and civil 

violations of tax laws; enforce criminal statutes relating to violations of tax laws and other financial 

crimes, and recommend prosecution as warranted.

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.4. Exams and Collections

This program enforces the tax laws and increase compliance through examination and collection 

programs that ensure proper payment and tax reporting. This also includes campus support of the 

Questionable Refund initiative and appeals and litigation activities associated with exam and collection.

Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.5. Regulatory

This program funds the development and printing of published IRS guidance materials; interpretation of 

tax laws; internal advice to IRS on general non-tax legal issues; enforcement of regulatory rules, laws, 

and approved business practices; and support for taxpayers in the areas of pre-filing agreements, 

determination letters, and advance pricing agreements.

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform
20

10.6. Shared Services and Support

This funds policy and management, IRS-wide support for research, strategic planning, communications 

and liaison, finance, human resources, and equity, diversity and inclusion programs. It also funds 

printing and postage, business systems planning, security, corporate training, legal services, 

procurement, and employee benefits programs. 

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.7. Information Services

This funds staffing, equipment, and related costs to manage, maintain, and operate the information 

systems critical to the support of the tax administration programs. This includes the design and 

operation of security controls and disaster recovery planning. This also funds the development and 

maintenance of the millions of lines of programming code that support all aspects and phases of tax 

processing and the operation and administration of mainframes, servers, personal computers, 

networks, and a variety of management information systems.

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform

10.8. Business Systems Modernization

This funds the planning and capital asset acquisition of information technology (IT) to modernize IRS 

business systems, including labor and related contractual costs. Business Systems Modernization uses 

best practices and expertise in business solutions and internal management from the IRS, businesses, 

and technology sectors to develop a world-class tax administration system. The program provides value 

to taxpayers, the business community, and government and it plays an integral role in reducing the tax 

gap. This program has delivered improved taxpayer service, electronic filing capacity, and data analysis 

capability and it has maintained successful performance in delivering projects within acceptable cost, 

schedule, and performance estimates. 

 Supported Strategic Goals: Pursue Comprehensive Tax and Fiscal Reform
21

11. Troubled Asset Relief Program $201 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

323 306 201

11.1. Capital Purchase Program (CPP)

The CPP – the Office of Financial Stability’s (OFS) largest program - was launched to stabilize and build 

confidence in the financial system by bolstering the capital position of viable institutions. Treasury 

created the CPP in October 2008 to help ensure that the nation’s banking institutions have a sufficient 

capital cushion against potential future losses and to support lending to creditworthy borrowers.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.2. Targeted Investment Program (TIP)

OFS established the TIP in December 2008. Through TIP, OFS sought to prevent a loss of confidence in 

critical financial institutions, which could result in significant financial market disruptions, threaten the 

financial strength of similarly situated financial institutions, impair broader financial markets, and 

undermine the overall economy. As of December 31, 2009, the TIP was closed as part of Treasury’s 

effort to wind down TARP. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.3. Asset Guarantee Program (AGP)

OFS established the AGP which was used in conjunction with the TIP to support the value of certain 

assets held by Bank of America and Citigroup by agreeing to absorb a portion of the losses on those 

assets. AGP helped these institutions maintain the confidence of their depositors and other funding 

sources while continuing to meet the credit needs of households and businesses. The AGP closed in 

December 2009 without paying any claims and has generated $4.13 billion in net proceeds for taxpayers. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.4. Community Development Capital Initiative

To help mitigate the adverse impact that the financial crisis had on communities underserved by 

traditional banks, Treasury launched Community Development Capital Initiative (CDCI) to provide capital 

to banks, thrifts, and credit unions that qualified as CDFIs in February 2010. Under this program, CDFI 

banks and thrifts received investments of capital with an initial dividend or interest rate of two percent, 

compared to the five percent rate offered under the CPP. The participants had to be certified by 

Treasury as targeting more than 60 percent of their small business lending and other economic 

development activities to underserved communities. CDFIs that were already participants in CPP and 

were in good standing were eligible to exchange those investments into this program.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
22

11.5. Public-Private Investment Program (PPIP)

Treasury launched the PPIP to support credit market functioning and facilitate price discovery in the 

markets for commercial and residential mortgage financing. Using TARP funds alongside equity capital 

raised from private investors, PPIP was designed to generate a significant purchasing power and 

demand for RMBS and CMBS. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.6. Term Asset-Backed Securities Loan Facility (TALF)

The TALF was a joint Federal Reserve-OFS program that was designed to restart the asset-backed 

securities (ABS) markets that provide credit to consumers and small businesses, which had ground to a 

virtual standstill during the early months of the financial crisis. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.7. Small Business Administration (SBA) 7(a) Securities Purchase 

Program

To help ensure that credit flows to entrepreneurs and small business owners, OFS developed the SBA 

7(a) Securities Purchase Program to purchase SBA-guaranteed securities from pool assemblers. 

Purchasing securities from participating pool assemblers enabled them to purchase additional small 

business loans from loan originators.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.8. American International Group

During the financial crisis, the federal government provided assistance to prevent the collapse of AIG. 

This assistance came from the Federal Reserve Bank of New York (FRBNY) and Treasury. At the time, 

AIG was the largest provider of conventional insurance in the world. Millions of Americans depended on 

it for their life savings and it had a substantial presence in many critical financial markets, including 

municipal bonds. The consequences of AIG failing at that time and in those circumstances would have 

been catastrophic to American families, businesses, and the larger economy. Therefore, Treasury and 

the FRBNY took action to protect the U.S. financial system.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

11.9. Automotive Industry Financing Program (AIFP)

OFS established the AIFP on December 19, 2008, to help prevent a significant disruption to the 

American automotive industry, which would have posed a substantial disruption to financial market 

stability and would have had a negative effect on the economy.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
23

12. Housing Program under TARP $0 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

0 0 0

12.1. Making Home Affordable Program (MHA)

MHA includes sub programs that assist borrowers in modifying first and second mortgages, including 

benefits for unemployed homeowners, as well as modification alternatives.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

12.2. Housing Finance Agency (HFA) Hardest-Hit Fund

The HFA Hardest-Hit Fund was implemented in FY 2010 and provides targeted aid to families in the 

states hit hardest by the housing market downturn and unemployment.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

12.3. Federal Housing Administration (FHA)-Refinance Program

Under this program, eligible borrowers who are current on their mortgage or complete a trial payment 

plan but owe more than their home is worth, can refinance into an FHA-insured loan if the lender writes 

off at least 10 percent of the existing loan.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
24

13. Housing & Government Sponsored Enterprise Programs $10 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

18,677 548 10

13.1. Preferred Stock Purchase Agreements (PSPA)

To instill confidence in investors that Fannie Mae and Freddie Mac will remain viable entities critical to 

the functioning of the housing and mortgage markets, Treasury entered into a PSPA with each 

Government Sponsored Enterprise (GSE) to ensure that each enterprise maintains a positive net worth. 

PSPAs enhance market stability by providing additional confidence to holders of Fannie Mae and 

Freddie Mac securities, which, in turn, leads to increased mortgage affordability. This commitment also 

eliminates any mandatory triggering of receivership. To this end, the PSPAs are an effective means of 

averting systemic risk while at the same time protecting the taxpayer. They are more efficient than a 

one-time equity injection, in that Treasury will use them only as needed and on terms that the Treasury 

deems appropriate.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

13.2. GSE Mortgage-Backed Securities (MBS) Purchase Program

The function of the GSE MBS Purchase Program was to prevent disruption in the availability of mortgage 

finance and to provide stability to financial markets. Treasury’s investment in GSE MBS, with the size 

and timing subject to the discretion of the Secretary of the Treasury, was an element of its 

comprehensive plan to address challenges in the housing markets. By purchasing GSE MBS, Treasury 

sought to broaden access to mortgage funding for current and prospective homeowners and to 

promote secondary market liquidity and stability while protecting taxpayers. The scale of the program 

was based on developments in the capital markets and housing markets. Given the spreads between 

Treasury’s cost of funds and GSE MBS’ yield and that purchases occurred during a period of low prices in 

the market, the program would result in a positive return to the taxpayer. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

13.3. Housing Finance Agencies Initiative

State and local Housing Finance Agencies (collectively, the “HFAs”) are agencies or authorities created 

by state law that are charged with helping persons and families of low or moderate income attain 

affordable housing. HFAs serve numerous functions to this end including providing mortgages, financing 

affordable rental housing, providing homeownership education, and allocating low income housing tax 

credits. To provide stability to the financial markets and promote mortgage affordability while at the 

same time protecting the taxpayer, Treasury announced on October 19, 2009 that it would use its 

authorities under HERA to establish two programs as part of the Housing Finance Agencies Initiative –

the New Issue Bond Purchase Program (NIBP) and the Temporary Credit and Liquidity Program (TCLP). 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
25

14. Small Business Lending Fund $20 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

23 25 20

14.1. Small Business Lending Fund (SBLF)

The SBLF is a dedicated fund designed to provide capital to qualified community banks (including banks, 

thrifts, and bank and thrift holding companies) and community development loan funds (CDLFs) with 

consolidated assets of less than $10 billion in order to encourage small business lending.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
26

15. State Small Business Credit Initiative $7 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

193 20 7

15.1. State Small Business Credit Initiative Program

The State Small Business Credit Initiative (SSBCI) is expected to support new small business lending and 

investment through innovative state and local programs that help entrepreneurs expand their 

businesses and create new jobs. Under the SSBCI, participating states will use the federal funds for 

programs that leverage private lending to help finance small businesses and manufacturers that are 

creditworthy, but are not getting the loans they need to expand and create jobs. The SSBCI will allow 

states to build on successful models for state small business programs, including CAPS, collateral 

support programs, and loan guarantee programs. Existing and new state programs are eligible for 

support under the SSBCI.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
27

16. Financial Research Fund $108 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

50 94 108

16.1. Financial Stability Oversight Council

The Financial Stability Oversight Council (Council) has a clear statutory mandate to facilitate 

coordination among financial regulators and identify risks and respond to emerging threats to financial 

stability. FSOC has ten voting members, the Secretary of the Treasury as Chair, the heads of eight 

federal financial regulatory agencies, an independent member with insurance expertise, and five nonvoting members.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

16.2. Federal Deposit Insurance Corporation Payments

The Council has a statutory mandate to reimburse certain FDIC expenses related to FDIC’s orderly 

liquidation of non-bank financial institutions as provided in Section 210(n) 10 of the Act. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market

16.3. Office of Financial Research

To serve the Council, its member agencies, and the public by improving the quality, transparency, and 

accessibility of financial data and information; conducting and sponsoring research related to financial 

stability; and promoting best practices in risk management.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market
28

17. Bureau of Engraving and Printing $662 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

705 645 662

17.1. Manufacturing

The Bureau of Engraving and Printing produces US currency notes ordered by the Federal Reserve 

Board. The Bureau also provides technical assistance and advice to other Federal agencies in the design 

and production of documents which require counterfeit deterrent features, due to their innate value or 

other characteristics. Other activities at the Bureau include engraving plates and dies; manufacturing 

inks used to print security products; purchasing materials, supplies and equipment; and storing and 

delivering products in accordance with customer requirements. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
29

18. United States Mint $2,938 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

3,106 3,525 2,938

18.1. Manufacturing

This program encompasses the bureau’s three major activities: circulating coinage, bullion coins, and 

numismatic coin products. Circulating coinage includes the one-cent (penny), 5-cent (nickel), dime, and 

quarter-dollar coins, and is delivered to the Federal Reserve Board at face value for subsequent 

distribution to the commercial banking system as required to transact commerce. The United States 

Mint produces bullion coins under American Eagle, American Buffalo, and America the Beautiful Silver 

Bullion Coin Programs to fulfill investor demand. The United States Mint produces and distributes 

numismatic products, including proof and uncirculated versions of coins, directly to the public.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
30

19. Office of Comptroller of Currency $1,043 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

1,077 1,023 1,043

19.1. Supervise

The Supervise program includes national bank and federal savings association examinations and 

enforcement activities; resolution of disputes through the national bank and federal savings association 

appeals process; ongoing monitoring of national banks and federal savings associations; and analysis of 

systemic risks and market trends in the national banking system or groups of national banks and federal 

savings associations, the financial services industry, and the economic and regulatory environment. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market 

19.2. Regulate

The Regulate program consists of ongoing activities that result in the establishment of regulations, 

policies, operating guidance, and interpretations of general applicability to national banks and federal 

savings associations. These regulations, policies, and interpretations may establish system-wide 

standards, define acceptable national banking and federal savings association practices, provide 

guidance on risks and responsibilities facing national banks and federal savings associations, or prohibit 

(or restrict) national banking or federal savings association practices deemed to be imprudent or unsafe. 

They also establish standards for ensuring fair access to financial services and fair treatment of national 

bank and federal savings association customers. This program includes the establishment of 

examination policies and handbooks; interpretations in administrative, judicial, and congressional 

proceedings; and establishing the applicable legal and supervisory framework for new financial services 

and products.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market 

19.3. Charter

The Charter program consists of ongoing activities that result in the chartering of national banks and 

federal savings associations and the evaluation of the permissibility of structures and activities of 

national banks and federal savings associations and their subsidiaries. This includes the review and 

approval of new national bank and federal savings association charters, federal branches and agencies, 

mergers, acquisitions, conversions, business combinations, corporate reorganizations, changes in 

control, operating subsidiaries, branches, relocations, and subordinated debt issuances. 

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market 
31

20. The Federal Financing Bank $2,088 million

Total Budget Authority (in millions of dollars)

FY 2012 Actual FY 2013 Est. FY 2014 Est.

2,068 1,581 2,088

20.1. Federal Financing Bank (FFB)

FFB was created in 1973 to reduce the costs of certain Federal and federally -assisted borrowing and to 

ensure the coordination of such borrowing from the public in a manner least disruptive to private 

financial markets and institutions. Prior to that time, many agencies borrowed directly from the private 

market to finance credit programs involving lending to the public at higher rates than on comparable 

Treasury securities. With the implementation of the Federal Credit Reform Act in 1992, however, 

agencies finance such loan programs through direct loan financing accounts that borrow directly from 

the Treasury. In certain cases, the FFB finances Federal direct loans to the public that would otherwise 

be made by private lenders and fully guaranteed by a Federal agency. FFB loans are also used to finance 

direct agency activities such as construction of Federal buildings by the General Services Administration 

and activities of the U.S. Postal Service.

 Supported Strategic Goals: Repair and Reform the Financial System and Support the Recovery 

of the Housing Market; and Manage the Government’s Finances in a Fiscally Responsible 

Manner
32

21. Treasury International Programs $2,899 million

Total Budget Authority (in millions of dollars)

FY 2012 Enacted FY 2013 Annualized CR FY 2014 Request

2,661 2,678 2,899

21.1. Contribution to the International Development Association (IDA)

The International Development Association (IDA) is a member of the World Bank Group and provides 

concessional development financing and grants to the world's poorest nations. IDA is the single largest 

source of multilateral lending extended on concessional terms to developing countries.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.2. Contribution to the International Bank for Reconstruction and 

Development (IBRD)

The International Bank for Reconstruction and Development (IBRD or World Bank) provides financing 

and technical assistance to support infrastructure investment and policy reform. IBRD operations are 

designed to promote sustainable economic growth, reduce poverty, and raise living standards, including 

through targeted investments in infrastructure, basic human needs, private-sector development, and 

core policy reforms. The IBRD is the “hard loan” window of the World Bank Group, while IDA is the “soft 

loan” or concessional window of the World Bank Group.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.3. Contribution to the International Finance Corporation

The International Finance Corporation (IFC) provides loans, equity, and technical assistance to stimulate 

private sector investment in developing countries. The IFC is the largest global development institution 

focused exclusively on the private sector in developing countries. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.4. Contribution to the Inter-American Development Bank (IDB and 

FSO)

The Inter-American Development Bank (IDB) promotes sustainable economic, poverty reduction, private 

sector development, and good governance in Latin America and the Caribbean through targeted loans 

and technical assistance. The IDB provides financing through: 1) the Ordinary Capital (OC) window that 

lends at market-based rates, and 2) the Fund for Special Operations (FSO), which provides financing on 

concessional terms to the region's poorest nations.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
33

21.5. Contribution to the Multilateral Investment Fund (MIF)

The MIF, administered by the Inter-American Development Bank, provides grants and loans to support 

private-sector development, as well as financial and labor sector reforms, in Latin America and the 

Caribbean. Special consideration is given to reforms that encourage private foreign direct investment 

and promote privatization. Grants and loans are used for technical assistance to identify and resolve 

investment constraints, for investment in human capital, and for business infrastructure and 

development.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.6. Contribution to the Inter-American Investment Corporation (IIC)

The IIC, established in 1984, is a member of the Inter-American Development Bank Group, whose 

purpose is to promote development of private small- and medium-sized enterprises (SMEs) in Latin 

America and the Caribbean. It is a legally autonomous entity whose resources and management are 

separate from those of the Inter-American Development Bank itself. Through direct loans and equity 

investments in SMEs as well as through lending to private financial intermediaries, the IIC helps SMEs in 

the region to access the medium/long-term capital necessary to start-up, expand, or modernize their 

operations.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.7. Contribution to the Asian Development Bank (AsDB)

In its Ordinary Capital Resources (OCR) operations, the AsDB provides loans, technical assistance, and 

policy advice to 24 creditworthy developing economies in Asia. Through its operations (e.g., 

construction of schools, bridges, health clinics and roads), the AsDB supports U.S. economic, security 

and humanitarian interests by strengthening new sources of global growth, providing opportunities for 

people to lift themselves out of poverty, and increasing opportunities for U.S. suppliers of goods and 

services. The AsDB’s comparative advantage is in financing infrastructure projects in core sectors such 

as energy, transport, and water.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.8. Contribution to the Asian Development Fund (AsDF)

The AsDF is a key source of concessional financing for development in the 20 poorest countries in the 

Asia-Pacific region, and focuses on the construction of critical infrastructure such as roads, water and 

sanitation, electricity grids, and schools.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
34

21.9. Contribution to the African Development Bank (AfDB)

The AfDB lends at prevailing rates to middle income countries and private sector borrowers in middleand low-income countries.

Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.10. Contribution to the African Development Fund (AfDF)

The AfDF provides grants and concessional loans to the poorest African countries.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.11. Contribution to the European Bank for Reconstruction and 

Development

The European Bank for Reconstruction and Development (EBRD) supports market-oriented economic 

reform and democratic pluralism predominately through private sector lending and investments. Its 

original field of operation in the countries of Central and Eastern Europe and the former Soviet Union 

was expanded in 2012 to aid in the transitions of key countries in the Middle East and North Africa. The 

United States and other shareholders signed the articles of agreement of the EBRD on May 29, 1990, 

and the Bank officially began operating on April 15, 1991.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.12. Contribution to the North American Development Bank

The North American Development Bank (NADBank) provides financing for environmental infrastructure 

projects along the U.S.-Mexico border region. A portion of its capital also finances North American Free 

Trade Agreement (NAFTA) related community adjustments and investment projects in both countries. 

NADBank finances environmental infrastructure projects that have been certified by the U.S.-Mexico 

Border Environmental Cooperation Commission (BECC), the sister institution designed to assist border 

states and local communities in identifying, designing, and coordinating border projects on both sides of 

the U.S. and Mexican border.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.13. Contribution to the Global Agriculture and Food Security 

Program (GAFSP)

The GAFSP is a multilateral mechanism that funds projects supporting the agricultural investment plans 

of poor countries. The GAFSP, which is administered by the World Bank, leverages the expertise and 

implementing structures of other multilateral institutions such as the International Fund for Agricultural 

Development, the World Bank, and the regional development banks.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 
35

Stability and Balanced Global Growth

21.14. Contribution to the International Fund for Agricultural 

Development (IFAD)

The International Fund for Agricultural Development (IFAD) was established in 1977 as a multilateral 

financial institution focused on promoting rural agricultural development and food security in poorer 

countries. IFAD's specific mandate is to help rural small-scale producers and subsistence farmers 

increase their productivity and incomes, improve food security, and to integrate them into larger 

markets.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.15. Contribution to the Clean Technology Fund (CTF)

The Clean Technology Fund (CTF) is an ongoing multibillion dollar effort to reduce the growth of 

greenhouse gas emissions in developing countries by catalyzing large-scale private and public 

investments through financing the additional costs of commercially available cleaner technologies over 

dirtier, conventional alternatives. By funding the extra cost of the cleaner technology, the CTF 

incentivizes cleaner projects that leverage development bank financing and attract new investor capital 

into low-carbon sectors. The CTF, one of the two multilateral Climate Investment Funds (CIFs), 

leverages the capital bases and country program expertise of the Multilateral Development Banks. To 

receive funding, eligible countries must first develop credible national investment plans that identify key 

high-emissions sectors where targeted projects could stimulate low-carbon growth and the scalable 

uptake of clean technologies.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.16. Contribution to the Strategic Climate Funds (SCF)

The Strategic Climate Fund (SCF) is a suite of three programs to pilot innovative approaches and scaledup activities aimed at specific climate change-related challenges in developing countries. The Pilot 

Program for Climate Resilience (PPCR) helps the most vulnerable populations in very poor countries 

better prepare for and respond to the effects of climate change through innovative development plans, 

strategies, and projects. The Forest Investment Program (FIP) helps protect our global forests by 

reducing deforestation in developing countries through improved governance and forest management, 

and by addressing the drivers of deforestation. The Program for Scaling-Up Renewable Energy in Low 

Income Countries (SREP) will demonstrate the economic, social and environmental viability of low 

carbon development pathways in very poor countries. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.17. Contribution to the Global Environment Facility (GEF)

The Global Environment Facility (GEF) is the largest funder of projects to benefit the global 
36

environment, providing grants to address issues of biodiversity, clean energy and sustainable 

landscapes, oceans, land degradation, and chemicals. The GEF supports innovative, cost-effective 

investments that can be replicated and scaled up by the public and private sectors.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.18. Bilateral Debt Reduction /Contribution to the HIPC Trust Fund

Through programs such as the Heavily Indebted Poor Countries (HIPC) Initiative and the Paris Club, 

countries that have demonstrated a commitment to economic reforms and poverty reduction can 

benefit from debt restructurings. These programs reschedule and/or reduce the debt repayments to 

multilateral institutions and/or the U.S. Government, allowing beneficiary countries to increase poverty 

reduction expenditures in areas such as health, education, and rural development. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.19. Contribution to the Multilateral Debt Relief Initiative for IDA

The Multilateral Debt Relief Initiative (MDRI) provides 100 percent cancellation of eligible debt to the 

International Development Association (IDA) for countries that reach completion point under the 

Heavily Indebted Poor Countries (HIPC) initiative. The HIPC initiative entails coordinated action by 

governments and international financial institutions to reduce the external debt burdens of HIPC 

countries to sustainable levels. The MDRI goes further by providing irrevocable debt stock reduction so 

as to free up additional resources for poverty reducing expenditures.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.20. Contribution to the Multilateral Debt Relief Initiative for AfDF

The Multilateral Debt Relief Initiative (MDRI) provides 100 percent cancellation of eligible debt to the 

African Development Fund (AfDF) for countries that reach completion point under the HIPC initiative. 

The HIPC initiative entails coordinated action by governments and international financial institutions to 

reduce the external debt burdens of HIPC countries to sustainable levels. The MDRI goes further by 

providing irrevocable debt stock reduction so as to free up additional resources for poverty reducing 

expenditures.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.21. Tropical Forest Conservation Act (TFCA)

Under the Tropical Forest Conservation Act (TFCA), the United States reduces some of the official debt 

owed to the U.S. Government by a developing country with tropical forests and "redirects" those debt 

payments toward tropical forest conservation in the beneficiary country. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth
37

21.22. Office of Technical Assistance (OTA)

OTA provides technical assistance to facilitate the implementation of policy, management and 

administrative reforms in the areas of budget, revenue, government debt, financial institutions, and 

financial enforcement to developing and transition countries. This assistance supports U.S. foreign 

policy and national security objectives

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.23. United States Quota, International Monetary Fund (IMF)

The United States participates in the International Monetary Fund (IMF) through a quota subscription, 

which is the main metric used by the Fund to assign voting shares and to determine countries' 

contributions to the IMF's general resources and access to IMF financing. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.24. Loans to the International Monetary Fund (IMF)

The New Arrangements to Borrow (NAB) is a standing arrangement among certain International 

Monetary Fund (IMF) members to supplement the IMF's quota resources as needed to the IMF to 

forestall or cope with an impairment of the international monetary system or to deal with an 

exceptional situation that poses a threat to the stability of the system.

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth

21.25. Contribution to the Multilateral Investment Guarantee Agency

The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group and is 

designed to encourage the flow of foreign private investment to and among developing countries by 

issuing guarantees against noncommercial risks and carrying out investment promotion activities. 

 Supported Strategic Goals: Enhance U.S. Competitiveness and Promote International Financial 

Stability and Balanced Global Growth