Departmental Offices - S & E

FY 2017

President’s Budget

February 9, 2016
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Table of Contents

Section 1 – Purpose...........................................................................................................................3

1A – Mission Statement .................................................................................................................3

1.1 – Appropriations Detail Table .............................................................................................3

1B – Vision, Priorities and Context................................................................................................3

Section 2 – Budget Adjustments and Appropriation Language.................................................11

2.1 Budget Adjustments Table .....................................................................................................11

2A – Budget Increases and Decreases Description ......................................................................12

2.2 – Operating Levels Table .......................................................................................................15

2B – Appropriations Language and Explanation of Changes ......................................................16

2C – Legislative Proposals...........................................................................................................17

2D – Mandatory Program Proposals ............................................................................................17

Section 3 – Budget and Performance Plan ...................................................................................20

3A – Executive Direction .............................................................................................................20

3.1.1 – Executive Direction Budget Activity Budget and Performance Plan...............................20

3B – International Affairs and Economic Policy..........................................................................20

3.1.2 – International Affairs and Economic Policy Budget and Performance Plan .....................24

3C – Domestic Finance and Tax Policy .......................................................................................25

3.1.3 – Domestic Finance and Tax Policy Budget Activity Budget and Performance Plan ........27

3D – Terrorism and Financial Intelligence...................................................................................27

3.1.4 – Terrorism and Financial Intelligence Budget Activity Budget and Performance Plan ....28

3E – Treasury-wide Management and Programs .........................................................................28

3.1.5 – Treasury-wide Management and Programs Budget Activity Budget and Performance 

Plan ...............................................................................................................................................31

Section 4 – Supplemental Information .........................................................................................32

4A – Summary of Capital Investments.........................................................................................32
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Section 1 – Purpose

1A – 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.

1.1 – Appropriations Detail Table

Dollars in Thousands

Departmental Offices - S & E FY 2015 FY 2016 FY 2017 FY 2016 to FY 2017

Appropriated Resources Enacted Enacted Request 2/ $ Change % Change

 FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

New Appropriated Resources:

DO S&E

Executive Direction 147 36,002 157 37,943 156 38,240 (1) 297 -0.64% 0.78%

International Affairs and Economic Policy 228 56,266 239 58,520 239 59,467 0 947 0.00% 1.62%

Domestic Finance and Tax Policy 266 78,589 327 84,591 311 76,304 (16) (8,287) -4.89% -9.80%

Treasury-wide Management and 

Programs 140 39,143 149 41,446 143 43,365 (6) 1,919 -4.03% 4.63%

Terrorism and Financial Intelligence 0 0 0 0 441 117,000 441 117,000 0.00% 0.00%

TFI

Terrorism and Financial Intelligence 1/ 377 112,500 377 117,000 0 0 (377) (117,000) -100.00% -100.00%

Subtotal New Appropriated Resources 1,158 $322,500 1,249 $339,500 1,290 $334,376 41 ($5,124) 3.28% -1.51%

Other Resources:

DO S&E Reimbursables 1/ 184 130,032 197 123,026 166 102,892 (31) (20,134) -15.74% -16.37%

TFI Reimbursables 39 18,442 29 6,966 0 0 (29) (6,966) -100.00% -100.00%

Subtotal Other Resources 223 $148,474 226 $129,992 166 $102,892 (60) ($27,100) -26.55% -20.85%

Total Budgetary Resources 3/ 1,381 $470,974 1,475 $469,492 1,456 $437,268 (19) ($32,224) -1.29% -6.86%

1/ In FY 2016, the Office of Terrorism and Financial Intelligence (TFI) was funded through a separate appropriation of $117.0 million, which includes $27.1 million 

for administrative support.

2/ The FY 2017 Budget maintains TFI at $117.0 million and includes TFI activities in the DO S&E appropriation, where it has been each year except FY 2015 and 

FY 2016.

3/ The Budget also proposes to transfer $7.0 million from the Gulf Coast Restoration Trust Fund for DO’s administration and oversight responsibilities for this 

program. This funding is not included above.

1B – Vision, Priorities and Context

Departmental Offices (DO) is the headquarters bureau for the Department of the Treasury. It

provides leadership in economic and financial policy, financial intelligence and enforcement, and 

general management. Treasury utilizes effective management, policies, and leadership to protect 

our national security through targeted financial actions, to promote the stability of the nation’s 

financial markets, and to ensure the Government’s ability to collect revenue and fund its 

operations.

FY 2015 Key Accomplishments, FY 2016, and FY 2017 Priorities:

The Department’s strategic plan guides program and budget decisions for DO. The FY 2017

Budget request supports DO’s leading role in accomplishing the Treasury strategic goals and 

related strategic objectives:

• Promote domestic economic growth and stability while continuing to reform the financial 
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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; and

• Create a 21st-century approach to government by improving efficiency, effectiveness and 

customer interaction.

The budget enhances the overall investment in the Department’s cybersecurity portfolio to 

strengthen defenses and preparations within the Department and throughout the U.S. financial 

services sector. These investments will safeguard DO’s critical infrastructure and increase the 

scope and breadth of cybersecurity exercises, information sharing, and protections in the 

financial services sector. Treasury’s work will better prepare the sector to respond rapidly and 

effectively to threats and attacks.

The budget also continues the significant investments made in the Terrorism and Financial 

Intelligence portfolio, specifically in its intelligence analysis and sanctions support portfolios. 

Investments are also included for the Corporate Bond Yield Curve within Economic Policy and, 

within Tax Policy, increasing the investment in the rationalization of the tax code. 

In addition, the Office of Risk Management (ORM) is establishing a center of excellence in risk 

management at Treasury. ORM will continue Risk Committee meetings, work with program 

offices to more fully develop enterprise risk reporting, and continue to meet its mission to 

advise senior executives and their teams on policies and programs relating to the risk 

management of credit, market, liquidity, and operational risk within Treasury and throughout 

the federal government.

The offices’ FY 2015 program accomplishments and priorities for FY 2016 and FY 2017 

are described below:

Office of International Affairs

The Office of International Affairs (IA) made notable progress promoting free trade and open 

markets through its work on the Trans-Pacific Partnership (TPP) agreement, the Transatlantic

Trade and Investment Partnership, and the broader U.S. trade agenda. IA successfully leveraged 

multilateral mechanisms to advance U.S. policy priorities. Its key successes included:

• Enhancing global economic growth prospects by securing commitments from G-20 countries 

at the Brisbane Leaders’ Summit to boost near-term demand through comprehensive growth 

strategies and to establish the Global Infrastructure Hub to increase global investment; 

• Defining the policy framework for development finance for the next 15 years by successfully 

negotiating the adoption of the Addis Ababa Action Agenda at the Third International 

Conference on Financing for Development; 

• Advancing U.S. strategic goals by supporting Ukraine’s International Monetary Fund 

program; and
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• Protecting global economic and financial stability by securing new commitments to reform 

China’s economy and growth model at the most recent U.S.-China Strategic and Economic 

Dialogue. 

• Completing the recent Paris Agreement that lays out a framework through which nearly all 

countries in the world will announce and implement voluntary plans to reduce anthropogenic 

greenhouse gas emissions.

In FY 2016 and FY 2017, IA will continue efforts in key areas, including:

• Pressing China further to continue financial reform, increase exchange rate flexibility, and 

move rapidly toward a more market-oriented exchange rate system;

• Completing the TPP and advancing other U.S. trade priorities; and

• Continuing internal management improvement efforts, including expanding the analytical 

capabilities of the Committee on Foreign Investment in the United States.

Office of Economic Policy

During FY 2015, Economic Policy staff provided substantial support to the Secretary on a wide 

variety of economic and fiscal issues. In FY 2016, Economic Policy will continue to engage in 

policy-relevant research, examples of which can be found in two public reports the Office 

has authored or co-authored:

• Occupational Licensing: A Framework for Policymakers

• Expanding the Market for Infrastructure: Public-Private Partnerships

The FY 2016 and FY 2017 priorities include continued support of senior Administration officials 

on matters related to economic policy and ensuring a smooth transition in economic 

policymaking with the new Administration. Economic Policy will continue to produce the 

corporate bond yield curve, as required by the Pension Protection Act of 2006, as well as the 

Treasury Constant Maturity and the Treasury Inflation Protected Securities (TIPS) yield curves, 

which are used by several federal agencies to evaluate future pension liabilities and military 

disability payments. Work is also underway to extend the TIPS yield curve history back 25 

years to provide researchers and policy makers with a richer dataset that can be used for a wide 

variety of applications beyond pension valuation.

Office of Domestic Finance

The Office of Domestic Finance (DF) works to preserve confidence in the U.S. Treasury market 

by effectively managing federal fiscal operations, to strengthen financial institutions and 

markets, to promote access to credit, and to improve financial access and education. All of these 

efforts are contributing to America’s long-term economic strength and stability. 

During FY 2015, DF accomplished a great deal, including the following:

• DF’s Office of Critical Infrastructure Protection and Compliance Policy (OCIP) further 

expanded its efforts with the financial services sector to strengthen information sharing and 

the adoption of best practices against cybersecurity threats. For example, OCIP is 

implementing protocols to automate information sharing, which will allow companies to 

more quickly share and receive technical cybersecurity data. OCIP also worked with other 

federal agencies and financial institutions to hold several large-scale cybersecurity tabletop 
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exercises, which included a focus on information sharing during the response to and recovery 

from cybersecurity incidents.

• The Office of the Fiscal Assistant Secretary made progress on several key initiatives, 

including:

o Launching the myRA (“my Retirement Account”) program, a Presidential initiative 

offering a new retirement savings account for Americans seeking a simple, safe, and 

affordable way to start saving for their retirement;

o Leading the government-wide implementation of the Digital Accountability and 

Transparency Act (DATA Act), which aims to make information on federal spending 

easier to access and understand and was selected as one of Treasury’s FY 2016-2017 

Agency Priority Goals (APGs); 

o Providing guidance and training to eligible Gulf Coast states, counties, and parishes, and 

awarding and managing grants that support efforts to restore and protect the ecosystem 

and economy of the Gulf Coast region affected by the 2010 Deepwater Horizon oil spill,

and;

o Providing awards of cash assistance in lieu of tax credits for eligible renewable energy 

projects—achieving the milestone of 100,000 funded applications since 2009.

• The Office of Consumer Policy (OCP) supported the work of the President’s Advisory 

Council on Financial Capability for Young Americans and led the work of the interagency 

Financial Literacy and Education Commission. OCP supported the Commission’s release of 

a report, Opportunities to Improve the Financial Well-being of Postsecondary Students, and 

other resources for consumers and financial education practitioners. Additionally, OCP 

advised the Secretary and the Administration about marketplace lending, consumer 

protection, emerging payments, and smart disclosures.

• DF’s Office of Debt Management directed the Bureau of the Fiscal Service to conduct 269

auctions from October 1, 2014, through September 30, 2015, issuing approximately 

$6.94 trillion in marketable securities and raising approximately $558 billion in new cash to 

fund the U.S. government’s operations. 

• DF’s Federal Insurance Office (FIO) represents the United States on prudential aspects of

international insurance matters and in various fora around the world. FIO monitors all

aspects of the insurance industry, including its regulation, and its Director serves on the

Financial Stability Oversight Council. FIO continues to be an active participant in 

international bodies such as the International Association of Insurance Supervisors and the

Financial Stability Board.

• DF’s Office of State and Local Finance (OSLF) continues to improve coordination of

Treasury’s programs and policies that affect states and cities. OSLF advises the Under 

Secretary and Secretary about the development of policy pertaining to infrastructure finance, 

distressed municipalities, public pensions, the municipal bond market, and other state and 

local fiscal matters. OSLF has led Treasury’s response to the fiscal crisis in Puerto Rico. 
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Treasury has monitored Puerto Rico’s fiscal position, helped to coordinate the exchange of 

information about existing federal programs for which Puerto Rico is eligible, and conducted 

extensive market research and outreach to market participants. In addition, Treasury has 

briefed other federal agencies and members of Congress about Puerto Rico’s fiscal situation, 

and explored legislative solutions to address the crisis. 

During FY 2016 and FY 2017, DF will:

• Expand the reach of the myRA program, providing retirement savings accounts for more 

Americans;

• Continue working with federal partners to implement the national cyber incident response 

framework;

• Increase the scope and breadth of cybersecurity exercises, information sharing, and 

protections to better prepare the U.S. financial services sector to respond rapidly and 

effectively to threats and attacks;

• Support continued implementation of the Dodd-Frank Wall Street Reform and Consumer 

Protection Act and international insurance standards;

• Finalize a critical open rulemaking that will result in better recordkeeping of large financial 

institutions’ qualified financial contracts, negotiate an agreement on prudential measures 

with the European Union to improve market access for U.S. insurers, and deepen crossborder efforts with U.S. and foreign regulators on winding down large financial institutions 

safely in the event of failure;

• Examine tax, regulatory, and other barriers to greater public and private investment in U.S. 

infrastructure and develop options to address them;

• Work for a sustainable housing finance system that meets the needs of a wide range of 

borrowers;

• Expand financial inclusion in the United States by improving access to transaction products, 

capital, and credit; and strengthen the financial capabilities of Americans;

• Work with educational institutions, financial aid providers, and other federal agencies to 

develop a more sustainable education finance system that preserves access to credit for 

students seeking college education and helps students and families better manage their debt;

• Prudently and efficiently manage Treasury issuance, monitor market liquidity access, and 

continue enhancing and optimizing the U.S. government’s funding strategy; and

• Continue the orderly wind-down of emergency crisis response programs to maximize returns 

to the government.

Office of Tax Policy

The Office of Tax Policy works with the Internal Revenue Service in support of Treasury’s goal 

to fairly and effectively reform and modernize federal financial management, accounting, and tax 

systems by promulgating regulations and proposing legislation that seeks to streamline and 

modernize existing rules and procedures. The office also supports Treasury’s goal to enhance 

U.S. competitiveness and job creation, and promote international financial stability and more 

balanced global growth by negotiating and entering into tax agreements that encourage crossborder trade and investment. 
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In FY 2015, the Office of Tax Policy:

• Continued to support the implementation of the Patient Protection and Affordable Care Act

(ACA), entered into signed agreements to implement the Foreign Account Tax Compliance 

Act (FATCA), and released guidance on the Achieving a Better Life Experience (ABLE) Act

which created tax-free savings accounts to help families finance disability needs.

• Provided the Administration and Department of Education with detailed analysis of the 

outcomes of students who receive federal aid (including tax benefits) to attend postsecondary institutions. This included analysis of data on all federal student aid recipients 

from 1996 to 2014, integration with information on their economic outcomes after 

completing their educational careers, and detailed statistical analysis and adjustment of 

institution-by-institution-level estimates of outcomes for publication on the Administration’s

“College Scorecard” website (https://collegescorecard.ed.gov/) and dissemination to 

stakeholders. These estimates were published in September 2015 and the office continues to 

provide support and analysis as the Administration augments and improves the College 

Scorecard.

• Finalized a comprehensive tax treaty between the United States and Vietnam in July 2015. 

This was the first agreement of its kind between the two countries and represents a 

significant step in expanding the U.S. tax treaty network. The treaty awaits Senate approval.

• Worked closely with the Organisation for Economic Co-operation and Development (OECD) 

on the Base Erosion and Profit Shifting (BEPS) project, finalizing approximately 12 reports 

that serve as the deliverables to the G20 to ensure better transparency and address BEPS in a 

comprehensive and coordinated manner.

In FY 2016 and FY 2017, priorities for the Office of Tax Policy include:

• Finalize the student federal aid estimates for the “scorecard” and update the tax models using 

these data to more accurately estimate budget proposals and make revenue estimates.

• Continue negotiating FATCA agreements to move countries from agreements in substance to 

signed agreements.

• Migration to a research network to provide analytical support for the Presidential transition, 

data analysis needs, and revenue estimation.

• Continue work on comprehensive tax reform.

• Contribute to the OECD for the Department's participation in programs related to global tax 

administration.

• Developing additional ACA guidance in light of experience with provisions as they go into 

effect.

Office of Terrorism and Financial Intelligence

In FY 2015, the Office of Terrorism and Financial Intelligence (TFI) continued to make 

exceptional progress marshalling the Department's intelligence and enforcement functions with 

the aim of safeguarding the financial system against illicit actors and other national security 

threats, and TFI played critical roles in numerous events and activities countering global 

financing of terrorist activities, developing and implementing anti money laundering/countering 

financing of terrorism (AML/CFT) policies, and supporting U.S. sanctions policy.

• TFI senior leadership and components were heavily integrated into two hallmark efforts in 

American diplomatic history: the nuclear agreement with Iran and the re-opening of a U.S. 

presence in Cuba.
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• TFI’s intelligence analysis provided critical financial intelligence on U.S. adversaries to 

senior national security decision-makers across the U.S. government. 

• TFI supports over 40 active sanctions programs including continued sanctions against Iran 

and ISIL. TFI’s collaborated sanctions proposals have proven to be effective globally as 

evidenced by the Joint Comprehensive Plan of Action (JCPOA) reached between the P5+1, 

the EU, and Iran that will verifiably prevent Iran from obtaining a nuclear weapon and are a 

key tool for policy-makers to support the nation’s foreign policy objectives. 

• Treasury is leading the U.S. effort to undermine the Islamic State of Iraq and the Levant’s 

(ISIL) finances as part of a comprehensive strategy to disrupt, degrade, and ultimately defeat 

the terrorist group. Treasury is generating and sharing financial intelligence, restricting 

ISIL’s access to financial systems, and imposing sanctions on ISIL's leadership and financial 

facilitators. In 2015 alone, the U.S. sanctioned more than 30 ISIL-linked actors. 

• Treasury is also working with a broad coalition of governments and international bodies, 

including the United Nations Security Council, the Counter ISIL Finance Group, the 

Financial Action Task Force, and the Egmont Group of Financial Intelligence Units, to cut 

off ISIL’s revenue and isolate it from the international financial system. A key component of 

this effort is a new resolution adopted by the United Nations Security Council expanding and 

strengthening the U.N. al-Qaeda sanctions framework to include ISIL. The new resolution 

equips member nations with additional tools to combat ISIL and the financing of terrorism.

In FY 2016 and FY 2017, TFI will continue to support all ongoing efforts while focusing on four

areas:

• JCPOA: TFI will continue to play a critical role in implementing the JCPOA. TFI will focus 

significant intelligence resources on this effort to ensure compliance with the agreement. 

Further, TFI will work closely with the private sector and other entities as necessary to 

provide transparency about changes resulting from sanctions relief connected to the JCPOA. 

• Intelligence Analysis: TFI will hone and refine our analytical tools in response to rapidlychanging technology and adversaries adapting new methods and constantly working to evade 

our efforts. 

• Cybersecurity: As Treasury's national security role has grown, so has its cybersecurity risk 

profile. The Department handles an increasingly large volume of classified data and must 

ensure this information is protected. TFI has established an insider threat capability enabling 

Treasury to operate an insider threat audit and monitoring system for its classified network.

Treasury will work to expand the capabilities of this monitoring and audit function to remain 

ahead of emerging cybersecurity threats.

• Workforce: TFI will focus on retaining a highly skilled and motivated workforce by ensuring

achievement is recognized, opportunities for professional growth are readily available, and 

TFI leadership is accessible and responsive.

Treasury-wide Management and Programs

Treasury Management aims to create a 21st- century approach to government by improving

efficiency, effectiveness, and customer interaction. In FY 2015, this office made notable 

progress.

• Treasury met OMB’s requirement for strong authentication of privileged users with an over 

99 percent authentication rate. Treasury also exceeded OMB’s target of 75 percent for strong 

authentication of unprivileged users with an 88 percent authentication rate. These 
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authentication rates put Treasury among the top performing federal agencies in both 

categories for this Cross-Agency Priority and Cyber Sprint focus area.

• For the past three years, Treasury Management has been conducting workforce planning 

(WFP) studies of mission-critical occupations. In 2015, Treasury targeted cybersecurity for a 

WFP study including adapting its WFP tool to incorporate multi-sector workforce evaluation 

of cybersecurity service contracts by applying the NICE (National Initiative for 

Cybersecurity Education) framework of work categories and specialty areas.

• Treasury’s wireless contracts achieved an estimated 15 percent discount savings off the GSA 

Federal Strategic Sourcing Initiative (FSSI) wireless contract prices, resulting in a discount 

savings of approximately $2.4 million. Treasury mandated the use of four FSSI contract 

vehicles (Domestic Delivery Service, Office Supplies, Janitorial/Sanitation Supplies and 

Maintenance/Repair/Operations Supplies); Treasury’s FY 2015 total estimated savings, was 

$8 million, or approximately 26 percent off of the GSA schedule prices. 

• Recognized as a federal leader in organizational performance practices, Treasury 

successfully hosted the first annual FedStat meeting between Treasury and OMB leadership.

FY 2016 and FY 2017 priorities for Treasury Management include:

• Improving cybersecurity through additional hiring and retention of top-tier cybersecurity 

talent, increased coverage of automated threat detection solutions, and increased end-user 

training to raise awareness of cyber threats.

• Successfully implementing Treasury agency requirements for the Digital Accountability and 

Transparency Act (DATA Act) to ensure all the Treasury bureaus are compliant.

• Significantly transforming Treasury’s digital services, with a specific focus on a secure 

system that promotes ease of use and system cost-effectiveness, as well as possesses a robust 

virtual cybersecurity infrastructure to protect Treasury’s cyber assets, especially those assets 

with the greatest impact to citizens. 

• Strengthening Treasury’s ability to protect, access, and disclose Treasury information and 

assure that information the Department collects is being maintained within all legal 

requirements.

• In FY 2016 Treasury will focus its category management efforts on aggregating the 

requirements across the Department for the acquisition of Adobe products, Microsoft 

licenses, Multi-Function Devices, and Mobile Device Management, driving further IT 

savings across the Department. 

• Developing the FY 2018-2021 Treasury Strategic Plan, integrating with Administration 

transition efforts.
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Section 2 – Budget Adjustments and Appropriation Language

2.1 Budget Adjustments Table

Dollars in Thousands

Departmental Offices - S & E FTE Amount

FY 2016 Enacted 1,249 $339,500

 DO S&E 872 $222,500

 TFI 1/ 377 $117,000

Adjustment to Request (22) ($10,050)

Fund RESTORE Act Administrative Expenses from Trust Fund (14) ($7,000)

DO Cybersecurity Enhancements (2) ($1,050)

Digital Infrastructure Security Team (6) ($2,000)

Changes to Base

Maintaining Current Levels (MCLs) 0 $5,312

Pay-Raise 0 $2,316

Pay Annualization 0 $682

Non-Pay 0 $2,314

Non-Recurring Costs 0 ($1,050)

Kline-Miller Amendment 0 ($1,050)

Efficiency Savings 0 ($1,430)

TFI Contractual Support 0 ($1,325)

Virtualization of the Foreign Credit Reporting System 0 ($105)

Other Adjustments 60 $0

Technical FTE Adjustment 60 $0

Subtotal Changes to Base 60 $2,832

Total FY 2017 Base 1,287 $332,282

Program Changes

Program Increases 3 $2,094

Rationalization of the Tax Code 0 $392

Corporate Bond Yield Curve 1 $202

Data and Risk Analysis 2 $1,500

Subtotal Program Changes 3 $2,094

Total FY 2017 Request 2/ 3/ 1,290 $334,376

1/ In FY 2016, the Office of Terrorism and Financial Intelligence (TFI) was funded through a separate appropriation of 

$117.0 million, which includes $27.1 million for administrative support.

2/ The FY 2017 Budget maintains TFI at $117.0 million and includes TFI activities in the DO S&E appropriation, 

where it has been each year except FY 2015 and FY 2016.

3/ The Budget also proposes to transfer $7.0 million from the Gulf Coast Restoration Trust Fund for DO’s 

administration and oversight responsibilities for this program. This funding is not included above.
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2A – Budget Increases and Decreases Description

Adjustment to Request...................................................................................-$10,050,000 / -22 FTE

Fund RESTORE Act Administrative Expenses from Trust Fund -$7,000,000 / -14 FTE

In FY 2017, the Department proposes legislative language to allow Treasury to draw $7,000,000

from the Gulf Coast Restoration Trust Fund (GCRTF) for management of the fund, including 

administering the civil and administrative penalties arising from the Deep Water Horizon oil spill, 

supporting environmental and economic restoration of the Gulf Coast region, as well as managing

grants, compliance, and audit programs. In light of the recent British Petroleum settlement that will 

provide the GCRTF with an additional $4.4 billion over a 15-year period, sustained funding for 

effective administration of this program over an extended period, a minimum of 15 to 20 years, is 

fundamental to the program’s success. 

DO Cybersecurity Enhancements -$1,050,000 / -2 FTE

In the FY 2016 Consolidated Appropriations Act, $1,050,000 and two FTE were provided for 

Security Enhancements to Classified Networks and expansion of DO’s Wireless Intrusion 

Prevention System. In FY 2017, DO proposes to fund this request through the new appropriation 

account, “Cybersecurity Enhancement Account.”

Digital Infrastructure Security Team -$2,000,000 / -6 FTE

In the FY 2016 Consolidated Appropriations Act, $2,000,000 and six FTE were provided for the 

Digital Infrastructure Security Team. In FY 2017, DO proposes to fund this request through the new

appropriation account, “Cybersecurity Enhancement Account.”

Maintaining Current Levels (MCLs) ......................................................+$5,312,000 / +0 FTE

Pay-Raise +$2,316,000 / +0 FTE

Funds are requested for the proposed January 2017 pay-raise.

Pay Annualization +$682,000 / +0 FTE

Funds are requested for annualization of the January 2016 pay-raise.

Non-Pay +$2,314,000 / +0 FTE

Funds are requested for inflation adjustments in non-labor costs such as travel, contracts, rent, 

supplies, and equipment.

Non-Recurring Costs.................................................................................... -$1,050,000 / +0 FTE

Kline-Miller Amendment -$1,050,000 / +0 FTE

In the FY 2016 Consolidated Appropriations Act, $3,000,000 and six FTE were provided to support 

Treasury’s responsibilities under the Kline-Miller Amendment (previously referred to in the 

FY 2016 budget request as Multiemployer Pension Reform Act) of the FY 2015 Omnibus Bill. In 

FY 2017, DO would reduce the contractual support to this program, which is for a surge in program 

applications.

Efficiency Savings ...........................................................................................-$1,430,000 / +0 FTE

TFI Contractual Support -$1,325,000 / +0 FTE

DO will achieve cost savings and efficiencies in TFI contract services through more efficient 

oversight of all TFI contracts, consolidating contracts where appropriate, and partnering with other 

agencies and DO components to leverage common technology or administrative support needs.
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Virtualization of the Foreign Credit Reporting System -$105,000 / +0 FTE

DO plans to virtualize the Federal Credit Reporting System (FCRS) in FY 2016, at the end of the 

current server’s lifecycle. FCRS provides for the input, retrieval, and analysis of foreign credit and 

related data. Virtualization will eliminate data center hosting charges and reduce system operations 

and maintenance costs as well.

Other Adjustments ...........................................................................................+$0 / +60 FTE

Technical FTE Adjustment +$0 / +60 FTE

An estimated 60 reimbursable FTE, supporting TFI in FY 2016, will be converted to direct FTE in 

FY 2017. The mission for the converted FTE remains the same--full administrative support of the 

TFI program. 

Program Increases................................................................................. +$4,687,000 / +6 FTE

Rationalization of the Tax Code +$392,000 / +0 FTE 

The exponential growth, availability, and variety of data from multiple sources have rapidly changed

expectations regarding the Office of Tax Policy’s analytical capabilities. To continue meeting the

analytical requests of the Secretary and the Administration, the Office of Tax Policy must upgrade

the existing computing platform. The current platform is at risk due to lack of commercially

available resources. Therefore, the office must migrate to a more current operating system. The 

FY 2017 request of $392,000 will provide the remaining resources necessary to upgrade the existing 

computing platform. 

Corporate Bond Yield Curve +$202,000 / +1 FTE 

Since 2006, the Office of Economic Policy has been producing the corporate bond yield curve, 

which single-employer defined-benefit pension plans are required by law to use to compute the 

present value of their current liabilities and lump sum payments. In 2014, the office began 

producing the Treasury constant maturity (TCM) curve. The TCM curve is used by several federal 

agencies to evaluate their pension liabilities and military disability payments, which amount to more 

than $6 trillion and are the second largest liability on the U.S. Balance Sheet. Production of both 

sets of data is a highly technical job that requires expertise in financial markets and the complexity 

of bond markets. Currently, this responsibility falls to one economist. The Office of Economic 

Policy requests one additional economist to ensure the continuity of this work, alleviate pressure on 

existing staff, and provide Economic Policy with additional flexibility to engage in forward-looking 

research and analysis. 

Data and Risk Analysis +$1,500,000 / +2 FTE

To increase data and risk analysis across DO, the following are requested in FY 2017:

• $169,000 and one FTE in the Office of Risk Management (ORM). ORM was created with a 

mission to exercise leadership across a broad range of cross-agency risk management efforts. 

To this end, DO is currently working with other agencies to enhance risk management for credit 

programs across the Government. These interagency projects and work streams will also lead 

to risk management changes for Treasury programs. The addition of this additional FTE will 

enable ORM staff to better support Treasury program staff in implementing any changes to 

programs that are needed due to the interagency risk management projects.

• $237,000 and one FTE to establish a Digital Accountability and Transparency Act (DATA Act) 

Program Management Office (PMO) within the Office of the Deputy Chief Financial Officer to 
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oversee and coordinate Treasury’s DATA Act implementation, which is one of Treasury’s FY 

2016-2017 Agency Priority Goals (APGs). The Departmental DATA Act PMO will coordinate, 

manage, and improve upon Treasury’s data transparency and standardization across financial 

management, procurement, grants, and loans as they relate to DATA Act requirements. The 

PMO would support expanded data analytics, consolidated management reporting, and 

potentially folding in current financial reporting functions off of a single data repository by 

managing technical contractor support and implementing system enhancements within the 

scope of the DATA Act with its stakeholders. 

• $180,000 for the Office of the Procurement Executive to establish a contract for Fed Data 

analytics. Use of FedDataCheck services increases the accuracy of the Department's 

procurement spending data in support of benchmarking and provides procurement spending

data reporting in support of strategic sourcing opportunities. This contract will establish a 

bureau baseline for procurement spending so that the true opportunity costs of decisions are 

properly quantified and savings against budget dollars can be readily identified. The bureaus 

will be able to access the data analytics and request specific Strategic Sourcing Initiative 

information empowering them to improve their purchasing.

• $350,000 to enhance DO-wide eDiscovery capabilities primarily for the Office of General

Counsel. This funding will provide capability to more expeditiously and accurately identify, 

collect, process, review, analyze, redact (as appropriate), and produce emails and other 

electronic records in connection with litigation, Freedom of Information Act requests, and 

similar matters. Current processes are outdated and manually intensive. Automated 

eDiscovery reduces the amount of time required to complete data analysis and will enhance

Treasury’s ability to promptly respond to document requests. 

• $564,000 for the Office of International Affairs to develop enhanced capability for the 

interagency Committee on Foreign Investment in the United States (CFIUS), which Treasury 

chairs, to receive, track, and analyze data, including CFIUS case data, third party industry and 

merger and acquisitions data, and other data relevant to national security reviews conducted by 

CFIUS. This will support the ability of IA and CFIUS to better manage the CFIUS review 

process, assess whether notified transactions pose national security concerns, and identify nonnotified transactions that may raise national security considerations warranting review. This 

funding will be used to acquire the information technology (IT) infrastructure and IT 

development, engineering, and related services to design and build out the enhanced capability.
DO - 15

2.2 – Operating Levels Table

Dollars in Thousands

Departmental Offices - S & E FY 2015 FY 2016 FY 2017

Object Classification Actual Enacted Request

DO / TFI DO TFI Total

11.1 - Full-time permanent 132,955 106,085 43,124 149,209 155,612

11.3 - Other than full-time permanent 1,919 1,593 200 1,793 1,820

11.5 - Other personnel compensation 2,709 2,034 1,000 3,034 3,079

11.9 - Personnel Compensation (Total) 137,583 109,712 44,324 154,036 160,511

12.0 - Personnel benefits 40,343 30,863 14,306 45,169 47,492

Total Personnel Compensation and Benefits $177,926 $140,575 $58,630 $199,205 $208,003

21.0 - Travel and transportation of persons 6,249 4,155 1,872 6,027 6,141

22.0 - Transportation of things 431 144 278 422 369

23.1 - Rental payments to GSA 2,712 4,609 136 4,745 4,603

23.2 - Rental payments to others 904 655 246 901 917

23.3 - Communication, utilities, and misc charges 368 6,078 0 6,078 6,194

24.0 - Printing and reproduction 236 109 118 227 232

25.1 - Advisory and assistance services 30,398 7,393 12,829 20,222 13,205

25.2 - Other services 14,827 3,601 8,630 12,231 10,219

25.3 - Other purchases of goods & serv frm Govt accounts 69,190 40,957 30,565 71,522 66,458

25.5 - Research and development contracts 17 2,401 0 2,401 2,447

25.7 - Operation and maintenance of equip 2,323 2,432 388 2,820 2,649

26.0 - Supplies and materials 6,803 3,384 2,204 5,588 5,677

31.0 - Equipment 4,920 6,007 1,104 7,111 7,262

32.0 – Land and Structures 4 0 0 0 0

42.0 – Insurance claims and indemnities 3 0 0 0 0

43.0 - Interest and dividends 15 0 0 0 0

Total Non-Personnel 139,400 81,925 58,370 140,295 126,373

Subtotal New Appropriated Resources 317,326 $222,500 $117,000 $339,500 $334,376

Budget Activities:

Executive Direction 56,990 59,597 0 59,597 50,417

International Affairs and Economic Policy 63,258 64,417 0 64,417 63,012

Domestic Finance and Tax Policy 116,760 125,265 0 125,265 100,650

Terrorism and Financial Intelligence 119,126 0 123,966 123,966 138,719

Treasury-wide Management and Programs 91,184 96,247 0 96,247 84,470

Total Budgetary Resources $447,319 $345,526 $123,966 $469,492 $437,268

FTE 1,354 1,069 406 1,475 1,456
DO - 16

2B – Appropriations Language and Explanation of Changes

Appropriation Language Explanation of Changes

DEPARTMENT OF THE TREASURY

DEPARTMENTAL OFFICES

Federal Funds

SALARIES AND EXPENSES

(INCLUDING TRANSFER OF FUNDS) 

For necessary expenses of the Departmental Offices 

including operation and maintenance of the Treasury Building and

[Annex] Freedman’s Bank Building; hire of passenger motor 

vehicles; maintenance, repairs, and improvements of, and purchase 

of commercial insurance policies for, real properties leased or 

owned overseas, when necessary for the performance of official 

business; executive direction program activities; international 

affairs and economic policy activities; domestic finance and tax 

policy activities, including technical assistance to [Puerto Rico] 

state and local entities; terrorism and financial intelligence 

activities; and Treasury-wide management policies and programs 

activities, [$222,500,000] $334,376,000: Provided, That of the 

amount appropriated under this heading—

(1) Not less than $117,000,000 is for the Office of Terrorism 

and Financial Intelligence to safeguard the financial system against 

illicit use and to combat rogue nations, terrorist facilitators, 

weapons of mass destruction proliferators, money launderers, drug 

kingpins, and other national security threats;

(2) not to exceed $350,000 is for official reception and 

representation expenses;

([2]3) not to exceed $258,000 is for unforeseen emergencies 

of a confidential nature to be allocated and expended under the 

direction of the Secretary of the Treasury and to be accounted for 

solely on the Secretary's certificate; and

([3]4) not to exceed [$22,200,000] $22,000,000 shall remain 

available until September 30, [2017] 2018, for—

(A) the Treasury-wide Financial Statement Audit and 

Internal Control Program;

(B) information technology modernization 

requirements;

[(C) the audit, oversight, and administration of the Gulf 

Coast Restoration Trust Fund; and]

(C) support for the Office of Terrorism and Financial 

Intelligence;

(D) the development and implementation of programs 

within the Office of Critical Infrastructure Protection and 

Compliance Policy, including entering into cooperative 

agreements[.]; and 

(E) international operations.

The Administration proposes

“state and local entities” 

because Treasury needs broad 

authority to provide technical 

assistance.

The Administration includes 

the Office of Terrorism and 

Financial Intelligence 

activities in the Salaries and 

Expenses appropriation to 

promote efficient budget 

execution.

Two-year funding requested 

for international operations 

to facilitate invoicing, receipt 

of reimbursements and 

obligation of funds for staff 

assigned to overseas posts 

including at international 

financial institutions 

pursuant to 5 U.S.C. § 3343.
DO - 17

Appropriation Language Explanation of Changes

Provided further, That, in addition to the amount 

otherwise made available under this heading, $7,000,000 shall 

remain available until September 30, 2018, for necessary 

expenses for carrying out subtitle F of title I of division A of 

Public Law 112–141, to be derived from the trust fund 

established under section 1602 of such Public Law, without 

altering the percentages of funds made available for other 

purposes from the remaining balance of the trust fund.

(Department of the Treasury Appropriations Act, 2016.)

OFFICE OF TERRORISM AND FINANCIAL 

INTELLIGENCE

SALARIES AND EXPENSES

(INCLUDING TRANSFER OF FUNDS)

[For the necessary expenses of the Office of Terrorism and 

Financial Intelligence to safeguard the financial system against 

illicit use and to combat rogue nations, terrorist facilitators, 

weapons of mass destruction proliferators, money launderers, 

drug kingpins, and other national security threats, $117,000,000: 

Provided, That of the amount appropriated under this heading: 

(1) not to exceed $27,100,000 is available for administrative 

expenses; and (2) $5,000,000, to remain available until 

September 30, 2017.]

(Department of the Treasury Appropriations Act, 2016.)

The Administration proposes 

language to fund the DO’s 

administration and oversight 

responsibilities under the 

RESTORE Act from the trust 

fund established by that act 

rather than annual 

discretionary appropriations. 

The Administration includes 

the Office of Terrorism and 

Financial Intelligence 

activities in the Salaries and 

Expenses appropriation. 

2C – Legislative Proposals

DO SE has no discretionary legislative proposals.

2D – Mandatory Program Proposals

RESTORE Act

As it did in the FY 2016 Budget, Treasury proposes legislative language for FY 2017 to allow 

Treasury to draw $7,000,000 from the Gulf Coast Restoration Trust Fund (GCRTF) for

management of the fund, including administering the civil and administrative penalties arising

from the Deep Water Horizon oil spill, supporting environmental and economic restoration of the

Gulf Coast region, and standing up grants, compliance, and audit programs. In light of the 

recent British Petroleum settlement that will provide the GCRTF with an additional $4.4 billion 

over a 15-year period, sustained funding for effective administration of this program over an 

extended period, a minimum of 15 to 20 years, is fundamental to the program’s success. 

Financing America’s Infrastructure Renewal (FAIR) 

The Budget proposes to establish a new federal credit program within the Department of the 

Treasury that would provide direct loans to U.S. infrastructure projects developed through a 

public-private partnership (P3). The Financing America’s Infrastructure Renewal (FAIR) 

program seeks to reduce the financing cost gap between P3s and traditional procurement, which 
DO - 18

will level the playing field for P3s and encourage the public sector—including state and local 

governments—to evaluate the merits of P3s for a given project. 

While P3s are not a solution to the nation’s overall infrastructure funding needs, which continue 

to deserve greater federal investment, they may generate certain public benefits. P3s are a 

financing and procurement tool that, in some circumstances, can accelerate the delivery of 

complex projects, leverage the resources and expertise of the private sector, mitigate construction 

and operational risks to the public sector, and reduce the likelihood of deferred maintenance on a 

project. Eligible projects under the program will encompass the transportation, water, energy, 

and broadband sectors, as well as certain social infrastructure, and must meet all applicable 

environmental and labor standards.

The program is estimated to provide $15 billion in direct loans over 10 years. The interest rate 

on the loans will be priced above equivalent-term U.S. Treasury security rates to reflect the 

credit risk (e.g. defaults, recoveries, and prepayments) associated with each project, allowing the 

program to attain a zero estimated subsidy cost.

Financial Innovation for Working Families Fund

The President’s Budget proposes $100 million for the Department of the Treasury to encourage 

the development of effective financial products that would help low- to moderate-income 

workers build up “rainy day” reserves. The reserves would provide these workers and their 

families with a buffer against shocks to income and spending needs. 

The program will provide funding to eligible competitors, including non-profits, community 

banks, Community Development Financial Institutions, entrepreneurial incubators, financial 

intermediaries, financial service providers (depository and non-depository), and other businesses 

that offer appropriate products. Recipients would use the funds to develop and study new 

financial products designed to overcome barriers to working families saving. 

To ensure that the products meet the program’s goals, demonstrations would be tied to strong 

evaluation plans. Demonstrations may include large-scale explorations of financial innovations 

with some existing track record. Examples include, but are not limited to, the following:

• Subsidized savings accounts with federal matching funds for progressive levels of savings,

• Dual-account models that automatically transfer money to savings accounts in periods of 

higher income and back to transaction accounts in periods of lower income,

• Payments set-aside accounts that prefund regular monthly payments, and

• Split retirement accounts where a portion of savings can be accessed penalty free if income 

dips or an individual loses a job.

Allotment for Puerto Rico EITC Payments

The Budget proposes a $600 million annual allotment, indexed to inflation, to create a locallyadministered refundable Earned Income Tax Credit (EITC) for residents of Puerto Rico. Unlike 

Americans living in the fifty states and the District of Columbia, residents of Puerto Rico are not 

eligible for an EITC. Given Puerto Rico’s low labor force participation rate, the existence of an 

EITC should increase employment in Puerto Rico’s official sector by providing higher incomes 

to workers who file taxes. This added incentive for participation in Puerto Rico’s formal 

economy should also increase Puerto Rican tax compliance and tax revenues.
DO - 19

Pay for Success 

Budget proposes a $300 million one-time mandatory appropriation for a new Pay for Success

(PFS) program in the Department of the Treasury. This program will support the growing 

number of state and local governments seeking to establish projects that use PFS financing. 

These projects leverage private investment to provide preventive social services 

that measurably improve outcomes for families and communities while generating value to 

the government, including savings. The program's focus on measurable outcomes will 

encourage innovation and accelerate the use of evidence-based approaches while supporting 

solutions that work across traditional silos of funding or services. The program will provide 

results-based success payments to eligible intermediaries, including state and local governments, 

as well as credit enhancement and support for feasibility studies and project evaluations. 
DO - 20

Section 3 – Budget and Performance Plan

3A – Executive Direction

($38,240,000 from direct appropriations, and $12,177,000 from reimbursable resources): 

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.

No specific performance goals/measures are presented for this budget activity as the work of 

these offices is captured within the other budget activities.

3.1.1 – Executive Direction Budget Activity Budget and Performance Plan

Dollars in Thousands

Executive Direction Budget Activity

Resource Level FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Enacted Request

 Appropriated Resources $24,709 $37,272 $37,219 $35,763 $34,588 $35,313 $37,943 $38,240

 Other Resources $1,656 $3,570 $4,545 $4,691 $15,137 $21,677 $21,404 $12,177

Budget Activity Total $26,365 $40,842 $41,764 $40,454 $49,725 $56,990 $59,347 $50,417

3B – International Affairs and Economic Policy

($59,467,000 from direct appropriations, and $3,545,000 from reimbursable resources): 

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.

Office of Economic Policy (EP)

This office supports the following strategic objectives for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system:

• Objective 1.1: Promote savings and increased access to credit and affordable housing options.

• Objective 1.3: Complete implementation of financial regulatory reform initiatives, continue 

monitoring capital markets, and address threats to stability.

This office also supports the following strategic objective for Strategic Goal #2, to Enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth.

• Objective 2.1: Promote free trade, open markets, and foreign investment opportunities.

Description of Performance:

During the past year, Economic Policy staff constructed the Treasury Real Coupon-Issue Yield 

Curve, a companion to the Treasury Nominal Coupon-Issue Yield Curve. These data will be 

used by federal agencies that administer federal pension programs and other future payment 

programs to calculate their annual liabilities. Economic Policy also produced an estimate of state 

Total Taxable Resources, which estimates the relative fiscal capacity of states and is used in 

determining the allocation of funds for the Community Mental Health Services and Substance 

Abuse Prevention and Treatment block grant programs. Economic Policy wrote a paper titled, 
DO - 21

“Expanding the Market for Infrastructure: Public-Private Partnerships,” designed to educate 

stakeholders on innovative infrastructure financing approaches, particularly public private 

partnerships, and to assess the current state of our infrastructure. Economic Policy also authored 

a report, jointly with the Council of Economic Advisers and the Department of Labor, 

“Occupational Licensing: A Framework for Policymakers,” which analyzes the growth and 

economic consequences of occupational licensing. 

During FY 2015, the Office of Economic Policy continued to participate in the development and 

implementation of housing policy, including enhancing the Making Home Affordable

program, by making incentives available to potentially one million struggling borrowers to stay 

current in their Home Affordable Modification Program modifications, thereby increasing the 

opportunity to stay in their home. Economic Policy continued to produce the corporate bond 

yield curve, used by pension plans to discount their pension liabilities.

Office of International Affairs (IA)

This office supports the following strategic objective for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system:

• Objective 1.3: Complete implementation of financial regulatory reform initiatives, continue 

monitoring capital markets, and address threats to stability.

This office also supports the following strategic objectives for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth:

• Objective 2.1: Promote free trade, open markets, and foreign investment opportunities.

• Objective 2.2: Protect global economic and financial stability and press for marketdetermined foreign exchange rates.

• Objective 2.3: Advance U.S. economic, financial, and national security goals by leveraging 

multilateral mechanisms.

• Objective 2.4: Provide technical assistance to developing countries working to improve 

public financial management and strengthen their financial systems.

Description of Performance:

In FY 2015, the Office of International Affairs (IA) helped ensure a favorable external 

environment for sustained job growth and financial stability in the U.S. by prioritizing its work 

around five themes: Trade and Investment; Global Rebalancing; International Financial Stability; 

Management; and International Development.

In its role as lead on non-insurance financial services and on transfers negotiations, Treasury

completed the negotiation of the financial services chapter and the transfers provision in the TransPacific Partnership (TPP) agreement; Treasury also negotiated the Joint Declaration of the 

Macroeconomic Authorities of TPP Countries to address unfair currency practices by promoting 

transparency and accountability. Treasury will continue working to implement the TPP, which is 

to include countries that account for one-third of global trade, and the Joint Declaration. 

Treasury also supported the Administration in pursuing negotiations for the Transatlantic Trade 

and Investment Partnership with the European Union, the Trade in Services Agreement with 24

other like-minded countries to liberalize services trade, and the Bilateral Investment Treaty with 

China. In addition, as the U.S. lead in negotiating international disciplines on officially 
DO - 22

supported export credits, Treasury is pressing within the International Working Group on Export 

Credits to establish a new set of international guidelines encompassing both Organisation for 

Economic Co-operation and Development (OECD) and non-OECD countries, including China.

Treasury works to address the large and persistent imbalances between countries that threaten 

sustainable U.S. economic growth through multilateral and bilateral activities, such as the G-20 

and the U.S.-China Strategic & Economic Dialogue (S&ED). In December 2014, the G-20

leaders endorsed a U.S.-led initiative—The Brisbane Action Plan— to boost demand over the

near-term that, if fully implemented, could increase the combined GDP of the G-20 countries by

as much as 2.1 percent over current estimates by 2018. At the June 2015 S&ED, Treasury

secured commitments from China on the negotiation of international export credit disciplines,

market access for U.S. high-technology goods and services, and expanded participation in

China’s markets by U.S. financial services providers.

In FY 2015, Treasury continued to support the U.S. economy’s recovery by mitigating the threat 

from weak growth in the euro area and working to limit negative economic and financial 

spillovers from the crisis in Greece and the conflict in Ukraine. Specific activities included: 

working with European counterparts to help maintain long-term sustainability of the euro; 

advancing the establishment of a centralized European banking union; working with the IMF and 

others to monitor progress towards economic stabilization in vulnerable, strategically important 

countries; implementing technical assistance and loan guarantee programs for Ukraine; and 

placing a Treasury Financial Attaché in U.S. embassies in Kiev and Ankara.

Treasury leverages multilateral mechanisms to advance inclusive economic growth worldwide 

through IA’s work in support of the Multilateral Development Banks’ (MDBs) financing in 

developing countries; G-20 initiatives on financial inclusion and infrastructure finance; and the

Paris Club’s targeted debt relief efforts. In FY 2015, Treasury led the U.S. negotiating team for 

the Addis Ababa Action Agenda, the outcome document of the Third International Conference 

on Financing for Development. The Addis Action Agenda will serve as a foundational 

document for financing and implementing the “Sustainable Development Goals,” which was

agreed to by leaders at a Summit in September 2015. Treasury also enhanced its oversight of the 

MDBs’ policies and programs, including major reviews of the World Bank’s environmental and 

social safeguards, procurement, and shareholding. Treasury helped the MDBs make optimal use 

of their balance sheets, including through a major reform of the Asian Development Bank’s two 

lending windows. 

This year the Treasury Under Secretary for International Affairs led a strategic review of the 

office that rebalanced resource allocations to reflect changing mission requirements. Areas 

addressed in the reallocation include the increasing demands associated with coordinating 

international financial regulatory reform and chairing the Committee on Foreign Investment in 

the United States (CFIUS). Treasury created the new position, Deputy Assistant Secretary for 

International Financial Stability and Regulation, and developed additional international capital 

markets expertise to help ensure U.S. firms are not at a competitive disadvantage when providing 

financial services or accessing financial markets. IA also devoted greater resources to managing 

the growing volume and complexity of CFIUS cases.
DO - 23

Treasury, as chair of CFIUS, coordinates an interagency process to review certain foreign 

investments for national security risks in accordance with the procedures and tight deadlines 

specified in law and regulation.

• Timely Review of CFIUS Cases: This measure tracks compliance with statutory deadlines 

for completing national security reviews of transactions notified to the CFIUS to ensure that 

the CFIUS process is timely and efficient. The target (100 percent) was met in FY 2015.

IA’s target for this measure in FY 2016 and FY 2017 is 100 percent.

Treasury promotes economic growth by managing U.S. participation and leveraging U.S. 

leadership positions in the International Financial Institutions in order to mitigate emerging 

threats to the U.S. and global economies; support international trade and investment; and 

reinforce U.S. national security interests in key countries around the world.

• Monitor Quality and Enhance Effectiveness of International Monetary Fund (IMF)

Lending through Review of IMF Country Programs: This measure tracks efforts by IA staff

to monitor the quality of IMF country programs and ensure the application of appropriately 

high standards for the use of IMF resources. The target (100 percent) was met in FY 2015. In

FY 2016 and FY 2017, IA’s target for this measure remains 100 percent.

• Monitor Quality and Enhance Effectiveness of MDB Lending through Timely Review 

of MDB Grant and Loan Proposals: IA reviews MDB loan and grant proposals to ensure that 

funded projects meet several key goals, which include supporting long-term U.S. objectives, 

having a measurable development impact, and being consistent with congressional mandates. 

The target (100 percent) was met in FY 2015. In FY 2016 and FY 2017, IA aims to continue 

its review of 100 percent of MDB loan and grant proposals prior to the date of the relevant 

Executive Board meeting and increase its oversight of projects during implementation.

Finance ministries and central banks of developing countries that have demonstrated strong 

commitment to reforming their financial systems or public financial management can receive 

direct assistance from the Office of Technical Assistance through its cadre of expert advisors. 

The technical assistance team leverages its funding to increase transparency and accountability, 

reduce corruption, and strengthen the development of market-based policies and practices in 

these economies. This work supports stabilization of financial sectors in national 

security/foreign policy priority countries (e.g., Ukraine), more transparent and accountable 

financial sectors for U.S. investors overseas, and the expansion of markets for U.S. exporters, 

thus promoting jobs and economic growth at home.

Office of Technical Assistance (OTA): Program Engagement (Traction) measures the degree to 

which foreign counterparts are engaging proactively and constructively with OTA advisors, at the 

working and policy levels. Counterpart engagement is both a key outcome of OTA efforts to 

structure and execute effective technical assistance projects that support host country ownership 

as well as the most crucial input to the successful achievement of the intermediate goals and 

ultimate outcomes described in the project’s terms of reference and work plan during the fiscal 

year – such as passage of law or regulation, an increase in government revenues, an improvement 

in a government’s credit rating, or a reduction in economic crimes. The measure is scored on a 5-

point scale and averaged across all projects to provide one overall measure of OTA’s 
DO - 24

performance. In FY 2015 the Traction score was 3.8, exceeding the target of 3.6. In FY 2016 and 

FY 2017, IA’s target for Traction is 3.6.

OTA discontinued externally reporting on program “impact” due to several reasons: extraneous 

factors can significantly affect the measure, which makes it unsuitable for target-setting; and the 

measure was misleading in that it implied a more direct connection than is warranted between 

Treasury technical assistance and the ultimate economic and financial sector achievements for 

foreign counterparts. While OTA’s work is important and necessary, ultimate outcomes 

(“impact”), such as strong financial sectors and sound management of public finance that support 

financial stability, investment, and economic growth, are largely the product of a host country’s 

policy and political environment, the commitment of in-country actors to reform overall economic 

conditions, and in some cases the country’s security environment. 

For internal program management purposes, OTA will continue to collect and analyze data on 

“impact” on a project-by-project basis. Both “impact” and “traction” measures will continue to 

inform program decision making, along with other information such as project reporting and 

assessment missions, including decisions about which projects to continue or terminate.

3.1.2 – International Affairs and Economic Policy Budget and Performance Plan

Dollars in Thousands

International Affairs and Economic Policy Budget Activity

Resource Level FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Enacted Request

 Appropriated Resources $47,539 $62,798 $59,277 $56,804 $56,265 $57,362 $58,520 $59,467

 Other Resources $5,233 $1,314 $1,293 $2,275 $4,891 $5,896 $5,842 $3,545

Budget Activity Total $52,772 $64,112 $60,570 $59,079 $61,156 $63,258 $64,362 $63,012

Measure FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Target Target Target

IA - Monitor Quality and 

Enhance Effectiveness of 

International Monetary Fund 

(IMF) Lending Through 

Review of IMF Country 

Programs 

97.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

IA - Monitor Quality and 

Enhance Effectiveness of 

MDB Lending Through 

Review of MDB Grant and 

Loan Proposals

N/A N/A N/A 100.0 100.0 100.0 100.0 100.0 100.0

IA - Percentage of MDB 

Grant and Loan Proposals 

Containing Satisfactory 

Frameworks for Results 

Measurement

92.5 94.0 94.0 92.0 N/A 93.0 94.0 94.0 100.0

IA - Timely Review of 

CFIUS Cases

N/A N/A N/A 100.0 100.0 100.0 100.0 100.0 100.0

OTA - Program 

Engagement)

3.5 3.7 3.9 3.8 3.7 3.8 3.6 3.6 3.6

Key: DISC - Discontinued
DO - 25

3C – Domestic Finance and Tax Policy

($76,304,000 from direct appropriations, and $24,346,000 from reimbursable resources): 

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.

Office of Tax Policy

This office supports the following strategic objective for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth:

• Objective 2.1: Promote free trade, open markets, and foreign investment opportunities.

This office supports the following strategic objective for Strategic Goal #3, to fairly and 

effectively reform and modernize federal financial management, accounting, and tax systems:

• Objective 3.3: Pursue tax reform, implement the Patient Protection and Affordable Care Act 

(ACA) and Foreign Account Tax Compliance Act, and improve the execution of the tax

code.

Description of Performance:

In FY 2015, the Office of Tax Policy continued to implement ACA, entered into signed 

agreements to implement FATCA and released guidance on the ABLE Act of 2014. In addition, 

the office provided the Administration and Department of Education a detailed analysis of the 

outcomes of students who receive federal aid to attend post-secondary institutions. To further 

the goal of enhancing U.S. competiveness and job creation and encouraging cross-border trade 

and investment, the Office of Tax Policy finalized a comprehensive tax treaty between the U.S. 

and Vietnam and also worked closely with the OECD to finalize 12 reports serving as 

deliverables for the BEPS project to address base erosion and profit shifting in a comprehensive 

manner.

Office of Domestic Finance (DF)

This office supports the following strategic objectives for Strategic Goal #1, to promote domestic 

economic growth and stability while continuing reforms of the financial system:

• Objective 1.1: Promote savings and increased access to credit and affordable housing options.

• Objective 1.2: Wind down emergency financial crisis response programs.

• Objective 1.3: Complete implementation of financial regulatory reform initiatives, continue 

monitoring capital markets, and address threats to stability.

This office also supports the following strategic objectives for Strategic Goal #3, to fairly and 

effectively reform and modernize federal financial management, accounting, and tax systems:

• Objective 3.1: Improve the efficiency and transparency of federal financial management and

Government-wide accounting.

• Objective 3.2: Improve the disbursement and collection of federal funds and reduce improper 

payments made by the U.S. Government.

This office also supports the following strategic objectives for Strategic Goal #4, safeguard the 

financial system, and use financial measures to counter national security threats:
DO - 26

• Objective 4.3: Improve the cybersecurity of our nation’s financial sector critical 

infrastructure.

As highlighted in the FY 2015 Strategic Objective Annual Review (SOAR) in April, DF’s efforts 

related to Strategic Objective 4.3 were recognized as achieving noteworthy progress , although 

due to the vast and evolving nature of the cyber threat, the objective was also categorized as a 

Focus Area for Improvement.

Description of Performance:

The Office of Domestic Finance (DF) continued working to preserve confidence in the U.S. 

Treasury market in FY 2015 by effectively managing federal fiscal operations, strengthening 

financial institutions and markets, promoting access to credit, and improving financial access and 

education in service of America’s long-term economic strength and stability.

DF’s Office of Critical Infrastructure Protection and Compliance Policy (OCIP) established the 

Financial Sector – Cyber Intelligence Group to focus on cybersecurity information sharing with the

financial sector. Its purpose is to increase the volume, timeliness, and quality of cyber threat 

information shared between the government and the financial services sector as called for under

Executive Order 13636 on Improving Critical Infrastructure Cybersecurity and Presidential 

Policy Directive 21 on Critical Infrastructure Security and Resilience. 

The Office of Financial Stability continued to responsibly wind down investments in the 

Troubled Asset Relief Program (TARP) and support distressed homeowners. In December 2014, 

Treasury sold all of its remaining 54.9 million shares of Ally common stock for approximately 

$1.3 billion, exiting the last TARP equity investment under the Auto Industry Financing 

Program. As of December 2015, the percentage of TARP investments remaining (as a 

percentage of the overall investment) had decreased to 0.2 percent from the 2014 level of 

0.7 percent. The cumulative TARP amount recovered increased in FY 2015 to nearly 

$442 billion as of December 2015. As of the end of FY 2015, there are 20 institutions remaining 

in the Capital Purchase Program (CPP), which has generated $227 billion in proceeds for 

taxpayers.

DF has one performance measure:

• Variance between estimated and actual receipts (annual forecast) (percent): As part of 

managing the Government’s central operating account and cash position, the Office of Fiscal 

Projections (OFP) forecasts net cash flows (e.g., federal receipts, outlays, and other 

miscellaneous flows) to ensure that adequate funds are available daily to cover federal 

payments. To determine its overall effectiveness, one of OFP’s metrics is to measure the 

variance between actual and projected federal receipts.

The actual variance for FY 2015 was 2.8 percent, which is significantly lower than the 

4.25 percent target for FY 2015. Therefore, performance was better than the target level. In 

addition, the FY 2015 performance compares favorably with the actual variance for FY 2014, 

which was 3.25 percent. The target for both FY 2016 and FY 2017 is 4.25 percent.
DO - 27

3.1.3 – Domestic Finance and Tax Policy Budget Activity Budget and Performance Plan

Dollars in Thousands

Domestic Finance and Tax Policy Budget Activity

Resource Level FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Enacted Request

 Appropriated Resources $44,373 $64,201 $71,451 $68,351 $81,783 $76,520 $84,591 $76,304

 Other Resources $10,889 $31,345 $11,629 $12,804 $24,977 $40,240 $40,283 $24,346

Budget Activity Total $55,262 $95,546 $83,080 $81,155 $106,760 $116,760 $124,874 $100,650

Measure FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Target Target Target

DF - Variance Between 

Estimated and Actual 

Receipts (Annual 

Forecast)(%)

5.8 4.4 3.8 2.5 3.25 2.8 4.25 4.25 4.25

Key: DISC – Discontinued

3D – Terrorism and Financial Intelligence

($117,000,000 from direct appropriations, and $21,719,000 from reimbursable resources): 

This office supports the following strategic objective for Strategic Goal #2, to enhance U.S. 

competitiveness and job creation, and promote international financial stability and more balanced 

global growth:

• Objective 2.3: Advance U.S. economic, financial, and national security goals by leveraging 

multilateral mechanisms.

This office also supports the following strategic objective for Strategic Goal #4, to safeguard the 

financial system and use financial measures to counter national security threats:

• Objective 4.1: Identify priority threats to the financial system using intelligence analysis and 

outreach to the financial sector.

• Objective 4.2: Develop, implement, and enforce sanctions and other targeted financial 

measures.

• Objective 4.3: Improve the cybersecurity of our Nation’s financial sector critical 

infrastructure.

• Objective 4.4: Protect the integrity of the financial system by implementing, promoting, and 

enforcing anti-money laundering and counterterrorism financing standards.

Description of Performance:

The Office of Terrorism and Financial Intelligence (TFI) marshals the Department's intelligence

and enforcement functions with the twin aims of safeguarding the financial system against illicit 

use and combating rogue nations, terrorist facilitators, weapons of mass destruction proliferators, 

money launderers, drug kingpins, and other national security threats. Under the Executive Order

and legislation umbrellas, TFI supports Treasury’s strategic and priority goals by the

implementation of specific sanctions tailored to block assets or impose trade restrictions.

As highlighted in the FY 2015 SOAR, TFI maintained unified cross-organizational priorities and 

successfully increased intelligence reports production on Russia/Ukraine, Iran, and ISIL. 

Further, TFI produced numerous quick turnaround analyses on Iran nuclear negotiations for 
DO - 28

Treasury and the Administration. Next steps include assessing and improving internal clearance 

processes, developing and implementing the TFI Strategic Plan, developing new performance 

measures that align to the new strategic plan, and clarifying roles and responsibilities to better 

coordinate within the organization. 

TFI's performance metric is:

Impact of TFI Programs and Activities: In order to gauge its performance, TFI created a 

composite measure consisting of three program office focus areas related to its mission and 

strategic goals, including customer outreach, increasing budget production and dissemination of 

intelligence products, and implementing IT modernization projects. In FY 2015, TFI exceeded 

its performance goal of 8.5 with a score of 8.8 and expects to achieve its FY 2016 and FY 2017

target of 8.5.

3.1.4 – Terrorism and Financial Intelligence Budget Activity Budget and Performance Plan

Dollars in Thousands

Terrorism and Financial Intelligence Budget Activity

Resource Level FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Enacted Request

 Appropriated Resources $63,601 $99,532 $100,000 $96,116 $101,305 $112,160 $117,0000 $117,000

 Other Resources $6,208 $18,989 $31,225 $30,832 $31,293 $6,966 $6,966 $21,719

Budget Activity Total $69,809 $118,521 $131,225 $126,948 $132,598 $119,126 $123,966 $138,719

Measure FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Target Target Target

Impact of TFI Programs 

and Activities

7.4 7.6 8.1 8.3 8.5 8.8 8.5 8.5 8.5

Key: DISC - Discontinued

3E – Treasury-wide Management and Programs

($43,365,000 from direct appropriations, and $41,105,000 from reimbursable resources): 

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

of the Department: the Office of the Assistant Secretary for Management, the Office of the Chief

Information Officer; the Office of Privacy, Transparency, and Records; the Office of the

Procurement Executive; the Office of Chief 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.

This office supports the following strategic objective for Strategic Goal #5, to create a 21stcentury approach to government by improving efficiency, effectiveness, and customer

interaction.

• Objective 5.1: Increase workforce engagement, performance, and diversity by instilling 

excellence, innovation, and inclusion in Treasury’s organizational culture and business 

practices.

• Objective 5.2: Support effective, data-driven decision-making and encourage transparency 

through intelligent gathering, analysis, sharing, use, and dissemination of information.

• Objective 5.3: Promote efficient use of resources through shared services, strategic sourcing, 
DO - 29

streamlined business processes, and accountability.

• Objective 5.4: Create a culture of service through relentless pursuit of customer value.

Description of Performance:

In FY 2015, Treasury continued execution of its FY 2014-2017 Human Capital Strategic Plan, 

focusing efforts on improving quality in the delivery of human capital services and increasing 

workforce engagement, performance, and diversity. In response to problems identified in 

Human Capital Assessment and Accountability Framework bureau audits, the Chief Human 

Capital Officer directed a year-long project called “Focus on Fundamentals” including databased reviews and training on the application of Merit System Principles and prevention of 

Prohibited Personnel Practices. Treasury expects to apply for the Office of Special Counsel’s 

Section 2302 certification (that employees are informed of the rights and remedies available to 

them under the Whistleblower Protection Act and related laws) in the second quarter of FY 2016. 

For the past three years, Treasury has been conducting workforce planning (WFP) studies of 

mission-critical occupations. In 2015, Treasury targeted Cybersecurity for a WFP study 

including adapting its WFP tool to incorporate multi-sector workforce evaluation of 

Cybersecurity service contracts by applying the NICE (National Initiative for Cybersecurity 

Education) framework of work categories and specialty areas. The Treasury Executive Institute 

secured Office of Personnel Management approval for a shared-service Senior Executive Service

candidate development program (CDP) and commenced its first CDP class in June 2015 with 27 

candidates from five Treasury bureaus and five external agencies.

For FY 2015, the Department received its sixteenth consecutive unmodified audit opinion on its 

Treasury-wide financial statements. Overall, the Department has made strong progress in 

enhancing its internal control environment, and remains committed to ensuring high standards of 

integrity and transparency in reporting its financial performance.

Management’s performance metrics are:

• Treasury-wide Footprint (Square Footage): This goal measures the total square footage 

occupied by Treasury’s owned and leased buildings. To reduce the Department’s real 

property footprint and maximize the use of existing real property assets, the Department 

maximized space utilization by undertaking space realignments, consolidations, and through 

improved work station standards.

• Treasury-wide Percentage of Procurement Dollars Spent on Small Business: The Treasury 

Office of Small and Disadvantaged Business Utilization (OSDBU) implements aspects of the 

United States Small Business Act for the Department of Treasury. The office is responsible 

for ensuring that Treasury achieves small business contracting objectives established by the 

Small Business Act. The OSDBU ensures that Treasury sets a reasonable goal for award of 

prime contracts to small businesses and has people, policy, and infrastructure in place to 

achieve all goals while supporting mission success. The office developed two new objectives 

in FY 2015. First, the office is analyzing the current Treasury small business portfolio to 

ensure that the small business community is given adequate opportunity to compete while 

fully supporting Treasury’s achievement of its mission. Second, the office is creating 

educational material to educate the small business community and the acquisition workforce 

on how small businesses can invest in themselves to compete for federal contracts.
DO - 30

The OSDBU identified significant trends in the data from 2011 to 2015 that are driving both 

objectives. First, from 2011 to 2015 the SBA consistently set an aggressive prime small 

business contracting goal. Each and every year from 2011 to 2015 as the small business 

prime percentage goal increased or remained flat around 35 percent the total number of 

contract awards to small business decreased. The total contract awards to small businesses 

decreased by half from 2011 to 2015. This is significant because fewer contract awards to 

small business means less capability and past performance in the small business community. 

OSDBU’s analysis also indicated that small businesses that are successful reinvest profits 

from federal contracts.

In FY 2014 Treasury achieved 36.91 percent of total procurement spending in the small 

business prime category with a Small Business Administration (SBA) established target of 

35.07 percent. Treasury exceeded the contracting goals for all socioeconomic small business 

categories in FY 2014. The FY 2015 overall small business prime goal was set at 35 percent 

by the SBA. Throughout FY 2015, Treasury continued to employ successful strategies to 

work toward achieving the small business goals with limited mission risk.

Treasury’s FY 2015 small business contract achievements are expected to be announced by 

the SBA in the spring or early summer 2016. Treasury expects to achieve an “A” on its 

small business scorecard. The SBA has set the Treasury FY 2016 agency small business 

prime goal at 37 percent, citing a need to ensure the Government as a whole achieves the 23 

percent federal mandate. 

• Treasury-wide Results-Oriented Performance Culture Scores (Index of the Federal Employee 

Viewpoint Survey [FEVS]): The FEVS Results-Oriented Performance Culture Index denotes 

the extent to which employees believe their organizational culture promotes improvement in 

processes, products and services, and organizational outcomes. The measure is being 

discontinued because it is being replaced with the two measures below, which address higher 

priority human capital issues.

• Treasury-wide “Engagement” Index of Federal Employee Viewpoint Survey (FEVS): 

Treasury implemented all milestones of OMB Memorandum M-15-04, “Strengthening. 

Employee Engagement and Organizational Performance” (December 23, 2014). In addition 

to bureau-level reviews, Treasury conducted two Treasury-wide Engagement review sessions 

for high-level leadership during FY 2015. Treasury also set goals to increase FEVS 

participation rates. Treasury had the largest number of completed surveys of any single 

agency (51,700) and increased participation rates from 58.8 percent in 2014 to 61.5 percent 

in 2015. Treasury’s scores for the Engagement Index remained at 66 percent for both 2014 

and 2015.

• Treasury-wide “Leaders Lead” Index of Federal Employee Viewpoint Survey (FEVS): 

Treasury also set the goal to increase the “Leaders Lead” index above 2014 results.

Treasury’s score for the Leaders Lead Index increased from 53 percent in 2014 to 54 percent 

in 2015.
DO - 31

• Treasury-wide Percentage of Discounts and Savings Achieved Through Strategically 

Sourced Contracts:

This goal measures the percentage of dollars saved as a result of aggregating requirements 

and leveraging spend against strategically sourced vehicles. Through the use of category 

management in federal contracting Treasury seeks to save the federal government money 

through smarter purchasing and getting the best price for the taxpayer. This program 

highlights efforts by Treasury to maximize the utility of the taxpayer dollar and achieve more 

efficiency with fewer resources. Treasury’s most recent successes are in the areas of wireless 

and numerous Federal Strategic Sourcing Initiative (FSSI) initiatives. In FY 2015, 

Treasury’s managed contracts achieved an estimated 15 percent discount savings off the 

GSA FSSI wireless contract prices, resulting in a discount savings of approximately $2.4

million. In FY 2015, Treasury mandated the use of four FSSI contract vehicles (Domestic 

Delivery Service, Office Supplies, Janitorial/Sanitation Supplies and 

Maintenance/Repair/Operations Supplies); Treasury’s FY 2015 total savings, were $8 

million, or approximately 26 percent off of the GSA schedule prices. Treasury will seek to 

build on these gains in the IT hardware and software areas in future years.

3.1.5 – Treasury-wide Management and Programs Budget Activity Budget and

Performance Plan

Dollars in Thousands

Treasury-wide Management and Programs Budget Activity

Resource Level FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Enacted Request

 Appropriated Resources $27,193 $43,670 $40,441 $35,223 $31,802 $35,971 $41,446 $43,635

 Other Resources $18,653 $14,284 $17,478 $15,320 $30,858 $55,213 $55,497 $41,105

Budget Activity Total $45,846 $57,954 $57,919 $50,543 $62,660 $91,184 $96,943 $84,470

Measure FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2017

Actual Actual Actual Actual Actual Actual Target Target Target

Percent of Procurement 

Dollars Spent on Small 

Business

29.62 34.51 38.52 39.15 36.91 35.11 35.0 37.0 N/A*

Treasury-wide Footprint 

(Square Footage)

37,088 37,596 37,998 37,320 36,411 35,439 36,031 35,551 34,477

Treasury-wide ResultsOriented Performance 

Culture Scores (Index of the 

Federal Employee 

Viewpoint Survey [FEVS])

57.0 59.0 57.0 55.0 55.0 56.0 56.0 DISC DISC

Treasury-wide Engagement 

Index of the FEVS

N/A N/A 70% 68% 66% 66% 67% 67% 67%

Treasury-wide Leaders 

Lead Index of the Federal 

Employee Viewpoint Survey 

(FEVS)

N/A N/A N/A N/A 53.0 54.0 N/A 55.0 55.0

Key: DISC – Discontinued 

The measure is being replaced with “Engagement” and “Leaders Lead,” which are higher priority human capital issues.

*Targets negotiated annually.
DO - 32

Section 4 – Supplemental Information 

4A – Summary of Capital Investments

Information Technology Capital Investments

DO is focused on leveraging Treasury enterprise data centers to provide flexible, customized

information technology support for its customers. This strategy will securely facilitate enterprise 

mobile applications, increase support for telework, and drive long-term cost efficiencies through 

data center consolidation and expanded implementation of shared services.

DO continues to strengthen its governance through DO and an enterprise-wide investment review 

process. The investment review process is comprised of both senior business and technology

leaders who help to ensure that all technology investment decisions align with the mission and 

goals of the Department. The investment review process helps the CIO prioritize opportunities for

commodity IT and improved mission outcomes.

Non-Information Technology Capital Investments

The Main Treasury Building and Freedman’s Bank Building, formerly the Treasury Annex, are

the recipients of DO’s major non-IT capital investments. The Treasury Building is the oldest

departmental building and the third oldest federally occupied building in Washington, preceded 

only by the Capitol and the White House. The Main Treasury Building covers five stories and a

raised basement and sits on five acres of ground. It was dedicated as a National Historic Landmark 

on October 18, 1972. The Freedman’s Bank Building, also owned by the Department, is part of the

Lafayette Square National Register Historic District. On January 7, 2016, the Treasury Department 

renamed the Treasury Annex building to mark the 150th anniversary of the Freedman’s Savings 

and Trust Company (Freedman’s Bank). 

A summary of capital investment resources, including major information technology and nontechnology investments, can be viewed and downloaded at:

http://www.treasury.gov/about/budget-performance/Pages/summary-of-capital-investments.aspx

This website also contains a digital copy of this document.