1979_06_treasurybulletin

Treasury BulletinJune 1979

DEPARTMENT OF THE TREASURY OFFICE OF THE SECRETARYWASHINGTON, D.C.

June 1979 I

C O N T E N T SPage

Article * Treasury Financing Operations.................................................. VIF E D E R A L F I S C A L O P E R A T I O N S

FFO-1. - Summary of Fiscal Operations..................................... ............... 1FFO-2. - Budget Receipts by Source..................................................... .. 3Chart * Budget Receipts by Source............. ........................................ .. 5FFO-3. - Budget Outlays by Agency...................................................... .. 6FFO-4. - Undistributed Offsetting Receipts.............................................. .. 7FFO-5. - Budget Outlays by Function....................... ............................... 8FFO-6 . - Investment Transactions of Government Accounts in Federal Securities (Net)....... 10FFO-7. - Trust Funds Transactions................... ..... ..... . t__________ _________ - . 1 1

F E D E R A L O B L I G A T I O N SFO-1. - Gross Obligations Incurred Within and Outside the Federal Government by Object

Class........................................................................ 1 3FO-2. - Gross Obligations incurred Outside the Federal Government by Major Function and

Major Object Class............................................................ 1 3F0-3. - Gross Obligations Incurred Outside the Federal Government by Department or Agency.. 14

FO-4. - Gross Obligations Incurred Outside the Federal Government, Comparative Statementby Months.............................................. ...................... 16

A C C O U N T O F T H E U.S. T R E A S U R YUST-1. - Status of the Account of the U.S. Treasury^..................................... 21UST?2. - Elements of Changes in Federal Reserve and'Tax and Loan Account Balances......... 22UST-3. - Gold Assets and Liabilities of the Treasury..................................... 2 3

M O N E T A R Y S T A T I S T I C SMS-1. - Currency and Coin in Circulation............................................... 24

F E D E R A L D E B TFD-1. - Summary of Federal Debt....................................................... 25FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 25FD-3. - Interest-Bearing Public Debt................................................... 26FD-4. - Government-Account Series..................................................... 27FD5. - Interest-Bearing Securities Issued by Government Agencies....................... 28FD-6 . - Participation Certificates.................................................... 29FD-7. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 3QFD-8 . - Debt Subject to Statutory Limitation........................................... 3 0FD-9. - Status and Application of Statutory Limitation.................................. 3 ^FD-10. - Treasury Holdings of Securities................................................ 3 2

P U B L I C D E B T O P E R A T I O N SPD0-1. - Maturity Schedule of Interest- Bearing Marketable Public Debt Securities......... 3 4PDO-2. - Offerings of Bills............................................................ 3 5PD0-3. - New Money Financing through Regular Weekly Treasury Bills....................... 3 3PDO-4^ - Offerings of Public Marketable Securities...................................... 40PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount.................. 4 5PDO-6 . - Allotments by Investor Classes on Subscriptions for Public Marketable Securities... 50PDO-7. - Disposition of Public Marketable Securities.................................... 5 3PDO-8 . - Foreign Series Securities.................................................... 5 gPDO-9. - Foreign Currency Series Securities............................................ 7 ^PDO-IO. - Foreign Currency Series Securities Issued to Residents of Foreign Countries...... 7 3

II Treasury Bulletin

C O N T E N T SPage

U N I T E D S T A T E S S A V I N G S B O N D SSB-1. - Sales and Redemptions by Series, Cumulative............................ ....... 7 4SB-2. - Sales and Redemptions by Periods, All Series Combined.......................... 7 4SB-3. - Sales and Redemptions by Periods, Series E through K........................... 7 5SB-4. - Redemptions of Matured and Unmatured Savings Bonds.............. ............... 7 7

U N I T E D S T A T E S S A V I N G S N O T E SSN-1. - Sales and Redemptions by Periods.............................................. 7 3

O W N E R S H I P O F F E D E R A L S E C U R I T I E S.OFS-1. - Distribution of Federal Securities............................................ 7 9OFS-2. - Estimated Ownership of Public Debt Securities.................................. 8 0

T R E A S U R Y S U R V E Y O F O W N E R S H I PTSO-1. - Summary of Federal Securities................................................. 81TSO-2. - Interest-Bearing Marketable Public Debt Securities byiype &ndMaturity Distribution 82TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue................... 82TSO-4. - Securities Issued by Government Agencies...................................... 84TSO-5. - Securities Issued by Government-Sponsored Agencies and D.C................. . 84

M A R K E T Q U O T A T I O N S O N T R E A S U R Y S E C U R I T I E SMQ-1. - Treasury Bills............................................................ . 8 5MQ-2. - Treasury Notes............................... ................................ 85MQ-3. - Treasury Bonds............................................................... 8 7Chart - Yields of Treasury Securities................................................. 8 8

A V E R A G E Y I E L D S O F L O N G - T E R M B O N D SAY-1. - Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds....... . 89Chart - Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds............ 90

I N T E R N A T I O N A L F I N A N C I A L S T A T I S T I C SIFS-1. - U.S. Reserve Assets.......................................................... 9 ^IFS-2. - U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid

Liabilities to All Other Foreigners............ .... ......................... 9 2IFS-3. - U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries

by Area.................................................................... 9 3IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes.................................... 9 4IFS-5. - U.S. Position in the International Monetary Fund............................... 9 5IFS-6 . - Weighted-Average of Exchange Rate Changes for the Dollar....................... 9 5

June 1979 HI

C O N T E N T S

C A P I T A L M O V E M E N T SPage

LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.CM-I-1. - Total Liabilities by Type of Holder...................................................... 99CM-I-2. - Total Liabilities by Type, Payable in Dollars - Part A ................................. .. 100CM-I-2. - Total Liabilities to Nonmonetary International and Regional Organizations by Type,

Payable in Dollars - Part B ............................................................. .. 101CM-I-3. - Total Liabilities by Country............................................................. .. 102CM-I-4. - Total Liabilities by Type and Country.................................................. ... 103

CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES

CM-II-1. - Total Claims by Type (Old Series).......................................................... 104CM-II-2. - Total Claims by Type (New Series).......................................................... 105CM-II-3. - Total Caaims by Country..................................................................... 106CM-II-4. - Total Claims by Type and Country Reported by Banks in the U.S............................ 107CM-II-5. - Banks' Own Claims, by Type................................................................ .108CM-II-6 . - Banks' Own Claims by Type and Country Payable in Dollars............................... .. 109CM-II-7. - Domestic Customers' Claims by Type......................................................... 110

SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS - U.S.

CM-III-1.- Dollar liabilities to, and Dollar Claims on, Foreigners in Countries and Areas NotRegularly Reported Separately.......................................................... ... Ill

CM-III-2.- Dollar Claims on Nonbanking Foreigners................................................. ... 112

LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATESCM-IV-1. - Total Liabilities by Type............................................................... ... 113CM-IV-2. - Total Liabilities by Country..,......................................................... ... 114CM-IV-3. - Total Liabilities by Type of Country....................................................... 115

CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATESCM-V-1. - Total Claims, by Type....................................................................... 116CM-V-2. - Total Claims, by Country................................................................ ... 117CM-V-3. - Total Claims, by Type and Country.......................................................... 118

TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERSCM-VI-1. - Foreign Purchases and Sales of Long-Term Domestic Securities............................. 119CM-VI-2. - Foreign Purchases and Sales of Long-Term Foreign Securities.............................. 119CM-VI-3. - Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country..... ... 120CM-VI-4. - Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country.... 121CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds.................................. ... 122CM-VI-6 . - Net Foreign Transactions in Domestic Stocks by Country................................ ... 123CM-VI-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country........................... 124CM-VI-8 . - Net Foreign Transactions in Foreign Stocks by Country................................. ... 125CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities, Latest Date..................... ... 126CM-VI-10.- Foreign Purchases and Sales of Long-Term Securities, Latest Year..................... ... 127

IV Treasury Bulletin

CONTENTS

FOREIGN CURRENCY POSITIONS

SUMMARY POSITIONS PageFCP-I-1. - Noribanking Firms Positions.*................................................... .....129FCP-I-2. - Weekly Bank Positions............................................. ...................129FCP-I-3. - Monthly Bank Positions............................................................ ...129

BELGIAN FRANC POSITIONSFCP-II-1. - Noribanking Firms1 Positions........................................................ ..130FCP-II-2. - Weekly Bank Positions............................................ ................** 130FCP-II-3. - Consolidated Monthly Bank Positions............................................... ..131

CANADIAN DOLLAR POSITIONSFCP-III-1. - Nonbanking Firms' Positions..................................... ....................132FCP-III-2. - Weekly Bank Positions............................................................. - 1-32FCP-III-3. - Consolidated Monthly Bank Positions............................................... ..133

FRENCH FRANC POSITIONSFCP-IV-1. - Nonbanking Firms1 Positions........................................................ ..134FCP-IV-2. - Weekly Bank Positions................. ........................................... 134FCP-IV-3. - Consolidated Monthly Bank Positions............................................... .135

GERMAN MARK POSITIONSFCP-V-1. - Nonbanking Firms Positions........................................................ .136FCP-V-2. - Weekly Bank Positions..................................................... ........ ..136FCP-V-3. - Consolidated Monthly Bank Positions............................................... .137

ITALIAN LIRA POSITIONSFCP-VI-1. - Nonbanking Firms* Positions........................................................ .138FCP-VT-2. - Weekly Bank Positions................................................................138

JAPANESE YEN POSITIONSFCP-VTI-1. - Nonbanking Firms Positions........................................................ .139FCP-VII-2. - Weekly Bank Positions.................................................................139FCP-VII-3. - Consolidated Monthly Bank Positions............................................... ..140

SWISS FRANC POSITIONSFCP-VIII-1. - Nonbanking Firms Positions........................................................ .141FCP-VIII-2. - Weekly Bank Positions.................................................................141FCP-VIII-3. - Consolidated Monthly Bank Positions............................................. .. 142

STERLING POSITIONSFCP-IX-1. - Nonbanking Firms Positions.............%......................................... .143FCP-IX-2. - Weekly Bank Positions................................................................143FCP-IX-3. - Consolidated Monthly Bank Positions............................................... .144

UNITED STATES DOLLAR POSITIONS ABROADFCP-X-1. - Nonbanking Firms Foreign Subsidiaries1 Positions................................. .145FCP-X-2. - Weekly Bank Foreign Office Positions.............................................. .145FCP-X-3. - Monthly Bank Foreign Office Positions............................................. j.146

June 1979 V

CONTENTS

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDSPage

FEDERAL CREDIT PROGRAMS

GA-II-1. - Direct Sales and Repurchases of Loans................................................ 148GA-II-2. - Direct and Guaranteed Loans Outstanding........................................... .... 149Cumulative Table of Contents....................... .......................................... ....... 156

VI Treasury Bulletin

Treasury Financing Operations

Auction of 2-Year NotesOn May 16 the Treasury announced that it would auction

$2,250 million of 2-year notes to refund $1,848 million of notes maturing May 31, 1979, and to raise $402 million new cash. The notes offered were Treasury Notes of Series T- 1981, to be dated May 31, 1979, due May 31, 1981, with interest payable on November 30 and May 31 in each year until maturity. A coupon rate of 9-3/47o was set after the determination as to which tenders were accepted on a yield basis, the average of which translated into an average accepted price close to 100.000.

Tenders for the notes were received until 1:30p.m., EDST, May 22 and totaled $4,764 million, of which $2,260 million was accepted at yields ranging from 9.75%, price 100.000 up to 9.777o, price 99.964. Noncompetitive tenders for $1 million or less from any one bidder were accepted in full at the average yield of accepted tenders, 9.7770, price 99.964. These totaled $499 million. The $2 260 million of accepted tenders also included $477 million at the average price from Federal Reserve banks as agents for foreign and international monetary authorities in exchange for maturing securities.

In addition to the $2,260 million of tenders accepted in the auction process, $239 million of tenders were accepted at the average price from Government accounts and Federal Reserve Banks for their own account in exchange for securities maturing May 31, 1979.

Tenders were received at Federal Reserve banks and branches and at the Bureau of the Public Debt, Washington, D. C. Bearer notes, with interest coupons attached, and notes registered as to principal and interest were authorized to be issued in denominations of $5,000, $10,000, $100,000 and $1 ,000,000.

52-Week BillsOn May 17 tenders were invited for approximately $2,750

million of 364-day Treasury bills to be dated May 29, 1979, and to mature May 27, 1980. Tenders were opened on May 23. They totaled $4,609 million of which $2,750 million was accepted, including $118 million of noncompetitive tenders from the public and $1,201 million of the bills issued at the average price to Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities. The average bank discount rate was 9.15370. The issue was to refund $2,478 million of bills maturing May 29, and to raise about $272 million new cash.

13-Week and 26-week BillsIssues of regular weekly Treasury bills in May totaled

$29,500 million. These issues were offered for cash and in exchange for bills maturing in the amount of $30,500 million. In the 13-week series there were three issues of $3,000 million and two issues of $2,800 million. In the 26-week series there was one issue of $3,1*00 million, and two issues each of $2,900million and $3,000 million, respectively.Average rates for the new issues are shown in the following table._______

Date of issue Annual average rate (bank discount basis)

1979 13-week 26-week

May 3 9.499 9.57010 9.621 9.61717 9.507 9.45924 9.743 9.60231 9.525 9.409

Treasury Mils (Other than Short-dated bills) - GeneralTreasury bills are sold on a discount basis under com

petitive and noncompetitive bidding, and at maturity their par amount is payable without interest. All series are issued entirely in book-entry form in a minimun amount of $10,000 and in any higher $5,000 multiple, on the records either of the Federal Reserve banks and branches, or of the Department>f the Treasury.

Tenders are received at Federal Reserve banks and branches and from individuals at the Bureau of the Public Debt, Washington. -Each tender must be for a minimum of $10,000. Tenders over $10,000 must be in multiples of $5,000. Payment for the full par amount applied for must accompany all .tenders submitted for bills to be maintained on the book-entry records of the Department of the Treasury. A cash adjustment will be made for the difference between the par payment submitted and the actual issue price as determined in the auction. No deposit need accompany tenders from incorporated banks and trust companies and from responsible and recognized dealers in investment securities for bills to be maintained on the book-entry records of Federal .Reserve banks and branches. A deposit of 2 percent of the par amount of the bills applied for must accompany tenders for such bills from others unless an express guaranty of payment by an incorporated bank or trust company accompanies the tenders.

Noncompetitive tenders (without stated ptice), usuallyfor $500,000 or less from any one bidder, for each issue of 13-week, 26-week, and 52-wgfek bills, are accepted in full at the weighted average price of accepted competitive bids formn issue.

June 1979 VII

Treasury Financing OperationsContinued

Payment for accepted tenders must be made or completed on the date of issue, in cash or other immediately available funds or in a like par amount of Treasury securities maturing on or before that date. Payment for 13-week, 26-week, 52-week bills may not be made by credit in Treasury tax and loan accounts.

Nonmarketable Foreign Series Securities - Foreign Governments Dollar denominated foreign series securities issued to

official institutions in May totaled $853 million, consisting of 1 bill and 2 notes. Redemptions for the month totaled $1,111 million. At the end of May, dollar denominated foreign series securities outstanding totaled $21,008 million. (Details are shown on page 70 )

Notes Details of figures may not add to totals because of rounding.

June 19791

.FEDERAL FISCAL OPERATIONS.

Table FFO-1. - Summary of Fiscal Operations

(In millions of dollars)

Fiscal year or month Set

receipts 1J

(1)

Budget receipts and outlays

Jetsutlays If

(2)

Surplusdeficit(-)1-2

(3)

Sorrowing from the public--Federal securities

Means of financing net transactions

Publicdebtsecurities

(4)

I

Agencysecurities

(5)

Investments of Government accounts JJ

(6)

Total4+5-6

(7)

Within general account of the U.S. Treasury 4/

(8)

Cash and monetary assets (Deduct)

U.S.Treasuryoperatingcash

(9)

Special drawing rights J2/

(10) (11)

Gold tranche drawing rights k/

(12)197 0 197 1 197 2 197 3 197 4 197 5 197 6 T.Q.......197 7 197 8 1979 (Est)..1980 (Est)..1978-Apr....

May.... June... July... Aug.... Sept... Oct.... Nov.... Dec....

1979-Jan.... Feb.... Mar.... Apr.

Fiscal 1979 to date....

193,743188,392208,649232,225264.932280.997 300,00681,773357,762401.997461,813503.932 42,545r 34,961 47,657 29,194 35,040 42,591 28,745 33,227 37,47738,36432,63931,14452,230

253,827

196,588211,425232,021247,074269,620326,185366,43994,729402,725450,836494,988532,32935,927r36,67038,60236,42639,57238,93542,69139,13441,39241,09537,73943,72540,752

286,529

-2,845-23,033-23,372*-14,849-4,689-45,188-66,434-12,956-44,963-48,839-33,175 -28,397 6,618

- 1,709 9,055 -7,232 -4,532 3,655

-13,946 -5,907 -3,915-2,731-5,100-12,58111,478

-32,702

17,19827,21129,13130,88116,91858,95387,24414,26964,13972,705n.a.n.a.

-1,3625,0097,4261,45313,9697,0994,8496,6326,1811,2471,7534,585-409

24,838

-1,739-347

-1,269216903

-1,06910724

-1,380-1,417n.a.n.a.-51-28-34-54-832-13-7

-336-50-208-16-432-168

-1,217

10,0627,4178,42011,82214,8137,0314,341-3,5149,24312,181n.a.n.a.849

5,5361,991-1,7964,0984,265-1,6421,0602,599-2,2732,405-3,8584,387

2,677

5,39719,44819,44219,2753,00950,85382,91318,50753,51659,10633,20038,500-2,263-5555,4013,1959,0392,8216,4845,2363,5333,312-6688,012-4,965

20,944

1,746826

1,6682,068-3,380

-1,5707,2462,5791,6903,340n.a'.n.a.2,874-5,55413,800-5,4641,0169,365-6,899-2,6913,438-1,146-8,258

798657

-14,102

557290711-8245123-302-59-267352n.a.n.a.-24914556 -2557 155

-1,57536

1,10311-5-65

-339

-1,536-2081,079-1,264

91647-172-385684-75n.a.n.a.794-900337-342-101352-5773,803-1,478

298-28-18

2,417

4,416

802-908-98850525

1,1211,024764132-594n.a.n.a.-298-39-90-7466-43238

-3,022327-28974, -18

-2,402

Means of financing net transactions Con. Selected balances, end of period

Transactions i not applied to year's surplus or deficit 8 /

(14)

Total budget financing 7-8-9-10 -11-12+13+14

(15)

General account of the U.S. Treasury4/

(16)

U.S.Treasuryoperatingcash

(17)

Federal securities

Fiscal year or month Other 7 /

(13)

Publicdebtsecurities

(18)

AgencysecuritiesIt

(19)

Investments of Government accounts

(20)

Held by thepublic18+19-20

(21)1970.......... -22 -961 2,845 9,291 - 370,094 12,510 97,723 284,8801971.......... 3,103 482 23,033 10,117 - 397,305 12,163 105,140 304,3281972.......... 4,958 1,442 23,372 11,785 - 426,435 10,894 113,559 323,7701973.......... -3,921 340 14,849 13,854 - 457,317 11,109 125,381 343,0451974.......... -1,290 451 4,689 10,473 - 474,235 12,012 140,194 346,0531975.......... 1,968 -7,312 45,188 - 7,589 533,188 10,943 147,225 396,9061976.......... -1,956 -6,727 66,434 - 14,835 620,432 10,953 151,566 479,819

-199 -2,453 12,956 - 17,414 634,701 11,678 148,052 498,3271977.......... 2,004 -8,318 44,963 - 19,104 698,840 10,298 157,295 551,8431978.......... 2,246 -9,490 48,839 - 22,444 771,544 8,881 169,477 610,9481979 (Est)..... n.a. n.a. 33,175 - - n.a. n.a. n.a. n.a.1980 (Est)..... n.a. n.a. 28,397 - - n.a. n.a. n.a. n.a.1978-Apr....... -441 -569 -6,618 - 9,281 736,589 9,842 155,383 591,048

May....... -3*110 -1,030 1,708 - 3,726 741,598 9,814 160,919 590,493196 -561 -9,055 - 17,526 749,024 9,780 162,910 595,894

July...... -1,112 -674 7,232 - 12,062 750,477 9,726 161,114 599,089Aug....... -2,035 -1,516 4,532 - 13,078 764,446 8,894 165,212 608,128

3,972 -717 -3,655 - 22,444 771,544 8,881 169,477 610,948Oct....... 930 550 13,946 - 15,545 776,394 8,873 167,834 617,433

-4,156 1,341 5,907 - 12,854 783,026 8,537 168,894 622,669Dec....... 3,338 -633 3,915 - 16,291 789,207 8,487 171,492 626,202

1979-Jan....... 78 -432 2,731 - 15,146 790,454 8,279 169,220 629,513-1,849 -561 5,100 - 6,887 792,207 8,263 171,625 628,845

Mar....... 6,061 -713 12,581 - 7,685 796,792 7,832 167,767 636,857Fiscal 1979

-2,254 -1,268 -11,478 ~ 8,342 796,383 7,663 172,153 631,893

2,148 -2,816 32,702 8,342 796,383 7,663 172,153 631,893

Footnotes on following page.

Treasury Bulletin.FEDERAL FISCAL OPERATIONS__________________________________________

Footnotes to Table FFO.-l.

Source: Monthly Treasury Statement of Receipts and Outlays of theUnited States Government. 8/

Note: Budget estimates are based on the current Budget Estimates, March 1979, released on March 15, 1979, by the Office of Management and Budget.

1/ For detail see Table FF0-2.2/ For detail see Table FF0-3.3/ For detail see Table FF0-6.4/ Beginning fiscal 1975, balances "Within general account of the U.S.

Treasury" are presented in columns 9 and 13.5/ Represents holdings of special drawing rights, less certificates issued

to Federal Reserve banks.6/ Represents activity of the International Monetary Fund.7/ Includes: public debt accrued interest payable to the public, deposit

funds, miscellaneous asset and liability accounts, and as of July 1974,

the gold balance.Includes: Seigniorage; increment of gold; fiscal 1969 conversions of certain corporations to private ownership; fiscal 1970 reclassification of Commodity Credit Corporation certificates of interest; fiscal 1974 conversion of interest receipts of Government accounts to an accrual basis; and net outlays of off-budget Federal agencies. Also includes rural electrification and telephone revolving fund since May 12, 1973, Postal Service fund since July 1973, Federal Financing Bank since July 1974, housing for the elderly or handicapped fund from August 22, 1974, through September 30, 1977 and Pension Benefit Guaranty Corporation since September 17, 1974.

9/ For detail see Table FD-6. n.a. Not available. r Revised.

June 2979 3.FEDERAL FISCAL OPERATIONS,

Table FFO-2. - Budget Receipts by Source


Fiscal year or month

Netbudgetreceipts

Income taxes

Withheld 1/

Corporation

RefundsNetincometaxes

Social insurance taxes and conttibutions

Employment taxes and contributionsOld-age, disability, and hospital insurance______Gross Net

197 0 197 1 197 2 197 3 .197 4 197 5 .197 6 T.Q.......,197 7 197 8 1979 (Est.).,1980 (Est.)..1978-Apr...,

May...,June...,July..., Aug...., Sept..., Oct....,Nov...Dec

1979-Jan... . Feb.... Mar.... Apr....

Fiscal 1979 to date...

193,743188,392208,649232,225264,932280.997 300,00681,773357,762401.997461,813 503> 93242,545r34,96147,65729,19435,04042,59128,74533,22737,47738,36432,63931,14452,230

253,827

77,41676.490 83,200 98,093112,092122,071123,44132,950144,857165,254185,482202,71613,105r14,80814.49014,18214,36914.843 15,032 16,268 15,45415.844 16,297 16,204 15,544

110,642

26,23624,26225,67927,01930,81234,32835,5286,80942,06247,80452,99665,58113,611?6,7566,6311,090

8686,3541,104533830

7,8661,0373,11917,975

32,463

13,24014,52214,14321,86623,95234,01327,367

95829,29332,07034,87640,9747^80r7,27282068245431421419221942

2,82511,0688,489

23,049

90,41286,23094,737103,246118,952122,386131,60338,801157,626180,988208,802228,56219,036r14,29320,30114,59014,78420,88315,92216,60916,06623*^714,5098,25525,029

120,056

35,03730,32034,92639,04541,74445,74746,7839,80960,05765,38075,89176,913-9,3421,62415,0542,1271,50910,1532,4361,54110,7692,5381,7069,87910,418

39,287

2,2083,5352,7602,8933.1255.125 5,374 1,348 5,164 5,428

5; 584 5,926 '492 441399342388400 752 493 382392

651

3,673

32,82926,78532,16636,15338.62040.621 41,4098,46054,89259,952

70,419 71,145 8,850 1,183 14,6551,7851,1229,7531,6841,04810,3862,1461,2819,3019,767

35,614

123,241113,015126,903139,398157,571163,007172,20447,175212,518240,940

279,221299,70727,886i15,47534,95616,37515,90630,63617,60617,65726,45225,81415,79017,55634,796155,670

38,60041,23745,55954,16665,01674,07578,79221,47590,701102,589

118,330 137, j.31 9,967 11,292 8,6687,92311,8807,6856,5449,4436,8808,39011,5299,44611,965-64,196

386518447479535360408400518

6605x9

38,21440,71945,11153,68764,48173,71578,38421,47590,301102,071

117,670136.6129,96710,7748,6687,92311,8807,6856,5449,4436,8808,390

11,529 9,446 11,96564,196 '

Social insurance taxes and contributions - Continued


Employment taxes and contributions - Con. Unemployment insurance Net contributions for otherRailroad retirement accounts Net Net

unemploymentinsurance

insurance and retirement

Gross Refunds Netemployment taxes and contributions

Gross Refunds Federalsupplementarymedicalinsurance

Federalemployeesretirement

Otherretirement Total

1970................... 920 * 919 39,133 3,471 6 3,464 936 1,735 29 2,7011971................... 981 * 980 41,699 3,682 8 3,674 1,253 1,916 37 3,2071972................... 1,009 1 1,008 46,120 4,370 13 4,357 1,340 2,058 39 3,4371973................... 1,190 1 1,189 54,876 6,070 19 6,051 1,427 2,146 41 3,6141974................... 1,412 * 1,411 65,892 6,863 26 6,837 1,704 2,302 45 4,0511975................... 1,490 * 1,489 75,204 6,804 33 6,771 1,901 2,513 52 4,4661976................... 1,525 * 1,525 79,909 8,085 32 8,054 1,937 2,760 54 4,752

328 * 328 21,803 2,704 6 2,698 539 706 13 1,2581977................... 1,909 * 1,908 92,210 11,347 36 11,312 2,193 2,915 59 5,1671978................... 1,823 1 1,822 103,893 13,892 42 13,850 2,431 3,174 62 5,6681979 (Est.)............. 2,079 * 2,079 120,128., 15,928 58, 15,870 2,650 3,454 66 6,1701980 (Est.)............. 2,539 * 2,539 139,019 1^916 61 15,855 2,909 3,472 66 6,447

1978-Apr................ 20 * ' 20 9,987 1,404 11 1,393 195 247 5 448310 * 310 11,084 4,507 8 4,499 198 307 4 508-20 * -20 8,648 176 7 169 201 264 5 470

Aug................37 -* 37 7,960 1,098 4 1,094 212 247 6 464311 * 311 12,191 2,915 3 2,912 220 259 5 484169 -* 169 7,854 164 2 162 217 275 7 49951 -* 51 6,595 723 2 722 207 276 5 488319 * 319 9,762 1,664 2 1,662 212 282 5 499179 * 179 7,059 176 1 174 209 269 5 483

1979-Jan................ 49 * 49 8,439 479 1 478 229 278 5 512Feb................ 322 * 321 1*1,850 1,287 1 1,286 215 258 5 478Mar................ 190 - 190 9,636 204 6 198 225 307 8 540

Fiscal 197979 - 79 12,044 1,623 15 1,608 223 284 6 513

1,189 * 1,189 65,385 6,156 27 6,128 1,519 1,954 39 3,513

Footnotes at end of table.

4 Treasury Bulletin

Table FFO-2. - Budget Receipts by SourceContinued

_________FEDERAL FISCAL OPERATIONS_________



Social insurance taxes and contributions- Continued

Excise taxes

Miscellaneous Airport and airway trust fund Highway trust fundNet social insurance taxes and contributions

Gross Refunds Net Gross Refunds Net Gross Refunds Net

1970.................... 45,298 10,519 167 10,352 _ _ _ 5,386 32 5,35448,578 10,643 133 10,510 564 2 563 5,664 123 5,5421972.................... 53,914 10,562 1,056 9,506 650 1 649 5,635 313 5,32264,542 9,995 158 9,836 760 2 758 5,818 153 5,66576,780' 9,884 141 9,743 842 2 840 6,384 123 6,26086,441 9,550 150 9,400 964 1 962 6,334 146 6,1881976.................... 92,714 10,753 141 10,612 940 2 938 5,565 152 5,413T.Q..................... 25,759 2,564 44 2,520 277 1 277 1,677 1 1,676108,688. 9,796' 148 9,648 1,193 2 1,191 6,844 135 6,709123,410 10,203 149 10,054 1,328 2 1,326 7,042 137 6,904

1979 (Est.).............. 142,168 9,559 153 9,406 1,438 2 1,436 7,451 134 7,3171980 (Est.).............. 161,321 9,275 152 9,123 1,619 2 1,617 7,602 136 7,4661978-APr................. 11,828 763 9 754 101 * 101 602 93 509May................. 16,092 990 15 976 122 * 122 560 2 558June................ 9,287 923 11 912 117 * 117 615 11 604

July................ 9,518 981 14 967 116 _ 116 606 606Aug................. 15,587 801 16 785 121 * 121 667 1 667Sept......... ....... 8,515 909 11 898 126 - 126 596 596'7,805 - 896 14 882 123 12& 611 _ 61111,923 882 15 868 141 * 140 686 -1 688Dec................. 7,716 872 10 861 125 - 125 591 5911979-Jan................. 9,429 811 17 795 117 _ 117 588Feb................. 13,614 718 +33 751 108 * 108 587 23

JOO564Mar................. 10,373 804 58 746 112 * 112 56714,165 874 13 861 125 * 125 611 1283* 555526

Fiscal 197975,026 5,858 95 5,763 852 1 851 4,242 119 4,123

Excise taxes - Continued Estate and gift taxes Customs duties Net miscellaneous receipts

Fiscal yearBlack lung disability trust fund

Netexcisetaxes

Deposits of earnings by All

otheror montiiGross Refunds Net Gross Refunds Net Gross Refunds Net

FederalReservebanks

Total

1970............... 15,70516,61415,47716,26016,84416,55116,9634,47317,54818,376

3,680 3,784 5,490 4,976 5,101 4,688 5,307 1,485 7,425 5,381

364954596677913198

3,644 3 735

2,494 2 657Ay 2,430 3,266

3,5333,2523,4954,845c ryryrt

158325380426"523935 1/

2,576 3/

3,4243,8583,6333,9215,3696,7118,0261,6136,5317,413

1971............... 041972............... 5,*436

J Q17ODi m 2,5913,2871973............... 4 XSJli on

1974............... _ 3,4443,782

c\Jnn 3,1883,334O1975............... 4,6115,2161,455

ulkj1061976............... _ J jO /o4,074

i;2125,1506,573

0 9f ( ( 5,451T.Q................ _ _ 1 243 311977............... _ 7*327

5,2855*2876,729

1 VI 1^5005,9086,641

1126237721978............... 92 92 96 156

1979 (Est.)......... 236 _ 236249

18,44418,557

5,7866,111

100 5,600 7 695 7 /AA 8,8939,9781980 (Est.)......... 249 _ 100 5,897 8*642I/O195 / 9 HO /8,472

/ouu8,600 1,0931,2781978-Apr...........

May...........June..........

51419

-51419

1,3681,6701,651

306522439

11103

296512436

557601667

121714

545584653

531561617

916758

622629674

July..........Aug...........Sept..........Oct...........Dec...........

1979-Jan...........Feb...........Mar...........Apr........ .

Fiscal 1979

18181819 1720

20142017

126

-

18181819 1720

20142017126

1,7071,5911,6371,6351,7121,5971,5201,4361,4341,52910,863

415524A52487469395489441455332

3,068

797

1099415

68

62

407515445477460386485426449323

3,007

608696623633657613645540633644

4,365

12151312111915131221104

596681610621646594630527621623

4,262

524665673 548 734674410748637730

4,482

6696745396 587697 74 64

518*

590760747602829732486846712794

5,000

Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government.

Note: Budget estimates for net receipts are based on figures released in the Current Budget Estimates on March 15, 1979, by the Office of Management and Budget. Estimates in detail are not available and are based on the 1980 Budget of the U. S. Government, released January 22, 1979.

If Includes individual income taxes designated for the Presidential election campagin fund. Prior to February 1974, these taxes were

included in "Other".2J Includes $442,615 thousand in fees for licenses to import petroleum

and petroleum products.3/ Includes $1,670 million in fees for licenses to import petroleum

and petroleum products.4/ The Black Lung Disability Trust Fund was formally created on April

1, 1978 pursuant to the "Black Lung Benefits Revenue Act of 1977" (Public Law 95-227).

* Less than $500,000. r Revised.

BUDGET RECEIPTS BY SOURCEF i s c a l Y e a r s 1 9 7 0 - 1 9 7 9

C o m p a r i s o n

f i r s t s e v e n m o n t h s .

1 9 7 8 a n d 1 9 7 9

7 0 7 1 7 2 7 3 7 4 7 5 7 6 T . Q . 7 7 7 8 7 9

$ B i l .

4 0 0T O T A L

100 -

Vwrr H U pII mi n V ~ :H ! " ftlftf7 0 7 1 7 2 7 3 7 4 7 5 7 6 T . Q . 7 7 7 8 7 9

S o c i a l i n s u r a n c e i T a x e s

- a n d C o n t r i b u t i o n s

. . . J I------------------------

2 0 - E x c i s e T a x e s

yy/777i

7 0 7 1 7 2 7 3 7 4 7 5 7 6 T . Q . 7 7 7 8 7 9

S o u r c e : M o n t h l y T r e a s u r y S t a t e m e n t o f R e c e i p t s a n d O u t l a y s o f t h e U . S . G o v e r n m e n t . F o r a c t u a l a m o u n t s s e e p r e c e d i n g T a b l e F F O - 2 . I n c l u d e s e s t a t e a n d g i f t t a x e s , c u s t o m s d u t i e s , a n d m i s c e l l a n e o u s r e c e i p t s .

K*V O

V O

HS

3n$

1

GG

Vst

6.FEDERAL FISCAL OPERATIONS,

Treasury Bulletin

Table FFO-3. - Budget Outlays by Agency



Legislativebranch

Thejudiciary

Executive - Office of the President

Funds appropriated to the President

Agriculture Department

CommerceDepartment

Defense DepartmentEnergy Department 1/ 2/

Health, Education, & Welfare Department

Housing & Urban Development Department

Interior iJepart- ment 2/ 3/

JusticeDepartmentMilitary Civil

1970............ 340 128 36 4,774 8,307 1,028 77,150 1,211 2,610 ' 52,338 2,603 1,136 6401971............ 384 142 47 4,540 8,560 1,188 74,546 1,376 2,439 61,866 2,890 225 9161972............ 487 173 55 4,269 10,943 1,250 75,150 1,530 2,545 71,779 3,642 1,256 1,1801973............ 540 183 49 3,733 10,028 1,36# 73,297 1,703 2,558 82,042 3,592 -2,236 1,5311974............ 625 205 75 4,015 9,767 1,455 77,625 1,682 2,493 93,735 4,786 -4,881 1,7971975............ 726 284 93 3,572 9,725 1,583 85,420 2,051 3,524 112,411 7,475 2,162 2,0671976............ 779 325 79 3,525 12,796 2,020 88,036 2,124 3,888 128,785 7,079 2,293 2,242

225 85 16 1,221 3,850 534 21,926 583 1,000 34,341 1,394 788 5511977............ 976 392 73 2,487 16,738 2,607 95,650 2,280 5,252 147,455 5,838 3,152 2,3501978............ 1,049 435 75 4,450. 20,368 5,239 103,042 2,553 6,286 162,856 7,589' 3,821 2,3971979 (Est.)...... 1,212 526 90 5,290 20,205 4,331 112,445 2,644 8,946 180,904 8,962 4,015 2,5861980 (Est.)...... 1,308 619 92 5,132 18,404 3,211 122,875 2,724 8,893 199,419 10,634 3,764 2,505

1978-Apr......... 80 37 7 789 781 443r 8,307r 165r 439 12,756 516r 43r 213May......... 114 46 8 -7 1,229 512 8,870 201 619 13,826 558 378 230June........ 78 29 12 1,046 819 604 8,854 178 507 14,142 940 286 202July........ 94 32 2 103 1,336 502 8,285 250 545 13,122 858 202 194Aug......... 94 51 5 809 1,200 544 9,552 262 740 14,417 742 248 190

86 57 6 125 1,865 507 8,811 343 892 14,402 543 670 186Oct......... 104 1 6 273 1,696 488 9,164 223 536 14,103 772 197 210Nov......... 78 49 6 -168 2,654 476 9,224 289 638 14,512 502 310 255Dec......... 86 30 4 273 2,859 418 9,383 245 677 15,017 844 266 176

19.73^ Jan.......... 92 35 8 356 3,352 355 9,218 218 571 14,416 807 246 229Feb... ..... 79 78 4 335 1,712 315 8,920 170 683 14,584 622 465 183Mar......... 89 42 6 502 1,724 299 9,979 177 771 15,762 831 264 210

87 53 12 127 1,999 288 9,329 197 589 14,728 552 299 203Fiscal 1979

615 287 47 1,698 15,996 2,636 65,189 1,515 4,466 103,122 4,853 2,048 1,465


LaborDepartment

StateDepartment

TransportationDepartment

TreasuryDepartment Environ- General

ServicesAdministration

NationalAeronauticsandSpaceAdmin.

VeteransAdministration

Otherindependentagencies2/

Undistributed Offsetting Receipts 3/ 5/

Total 6/Interest on the public debt 4/

Other 2/ 6/

ProtectionAgency

Rents and Royalties on the Outer Continental Shelf lands

Other

1970............ 4,356 44$ 6,417 19,304 206 _ 446 3,749 8,653 7,089 _ -6,380 196,5881971............ 7,923 468 7,247 20,959 31 701 501 3,381 9,756 8,745 " - -7*376 211,4251972............. 10,033 568 7,531 21,849 275 763 589 3,422 10,710 9,878 - -7,858 232,0211973............ 8,639 591 8,183 24,167 6,792 1,114 468 3,311 11,968 11,832 - -8,379 247,0741974............ 8,966 730 8,112 29,319 6,674 2,032 -276 3,252 13,337 13,988 - -9,893 269,6201975............ 17,649 844 9,247 32,665 8,605 2,530 >-624 3,.267. 16,575 18,433 i2,428 -11,670 326,1851976............ 25,742 1,061 11,936 37,063 7~, 256 3,US -92 3,670 18,415 19,003 -2,662 -12,042 366,439

5,905 316 3,003 8,102 1,584 1,108 3 953 3,957 5,851 -1,311 -1,255 94 j7291977............ 22,374 1,076 12,514 41,900 8,484 4,365 -31 3,944 18,019 19,884 -2,374 -12,679 402,7251978............ 22,896 1,252 13,452 48,695 7,660 4,071 83 3,980 18,962 25,396 -2,259 -13,514 450,8361979 (Est.)...... 22,599 1,399 15,363 59,800 5,384 4,194 158 4,401" 20,245 27,370 -2,909 -15,173 494,9881980 (Est.)...... 24,591 1,677 15,793 65,700 4,086 * 4,753 131 4,593 20,398 30,079 -2,638 -16,414 532,329

1978-Apr........ 1,882 160r 1,027 3,493 2,3$6r 286 -189 316 556 lt985r -62 > -460 35,927rMay........ 2,060 76 1,080 3,670 -13 344 110 361 1,751 1,931 -717 -567 36,670

1,888 100 1,201 7,166 -329 353 104 320 2,432 1,894 -138 -4,088 38,602July........ 1,765 129 1,166 3,538 1,642 326 -111 324 608 1,916 -39 -363 36,426Aug........ 2,188 86 1,131 3,868 -141 396 92 320 1,528 1,977 -96 -632 39,572Sept........ 1,728 74 1,332 3,628 -43 431 92 344 1,440 2,507 -97 -992 38,935Oct...... ... 1,311 153 1,649 3,822 1,892 392 -161 300 1,645 4,313 -95 -302 42,691Nov........ 1,465 136 1,293 4,146 -156 342 75 350 1,665 1,706 -117 -595 39,134

1,637 30 1,192 8,138 -659 367 116 333 2,648 2,180 -143 -4,727 41,3921979-Jan........ 2,043 107 1,295 4,112 956 430 -192 354 754 1,849 -147 -369 41,095

Feb........ 1,895 139 934 4,320 150 366 37 365 1,62*0 1,295 -958 -573 37,739Mar........ 2,321 116 1,193 4,281 118 . 379 128 389 2,715 2,033 -116 -487 43,7251,973 116 1,181 4,385 1,978 374 -147 198 837 2,057 -116 -548 40,752

Fiscal 1979to date........ 12,644 798 8,736 33,204 4,282 2,649 -145 2,291 11,883 15,542 -1,693 -7,600 286,529

Source: Monthly Treasury Statement of Receipts and Outlays of the.United States Government. Budget estimates are based on the Current Budget Estimates, March 1979, released on March 15, 1979.

Note: Outlays consist o^disbursements less proprietary receipts fromthe public and certain intrabudgetary transactions. Agency shifts are shown in this table beginning with the period of such shifts; figures prior to the shifts have been adjusted.

1/ Pursuant to Public Law 95-91, as of October 1, 197,7, all functions of the Energy Research and Development Administration, Federal Energy Administration, and Federal Power Commission, and certain functions

of Interior (Bonneville Power Administration and other Power administrations), certain other departments, and the Interstate Commerce Commission were transferred to the Energy Department.

2/ Cumulative year to date figures may not add due to budget realigments.3/ Prior to January 1975, Rents and royalties on the Outer Continental

Shelf laqds were shown as proprietary receipts from the public for the Interior Department. To conform with the FY 1976 Budget Document's presentation, these amounts were reclassified and are now being shown as undistributed offsetting receipts.

4/ Reported on an annual basis.5/ For content see Table FFO-4.r Revised.

June 1979FEDERAL FISCAL OPERATIONS

7

Table FFO-4. - Undistributed Offsetting Receipts(In millions of dollars)

Federal employer contributions to retirement funds Interest credited to certain Government accounts


Health, Education, and Welfare Dept.

Office of Personnel Management

Other1/

DefenseDepartment Health, Education, and Welfare Department

Federal Old-Age and Survivors Insurance Trust Fund

Federal Disability Insurance Trust Fund

Federal Hospital Insurance Trust Fund

Federal Supplementary Medical Insurance Trust Fund

Federal Old-Age, Disability, and Hospital Insurance

Civil Service Retirement and Disability Fund

Total Soldiers &AirmensHomePermanentFund

T770__ .7.......... 728 1,709 4 2,444 3 1,346 221 138 121971............... 727 1,876 8 2,611 3 1,617 324 183 171972............... 742 2,018 9 2,768 3 1,718 388 190 291973............... 816 2,101 10 2,927 3 1,848 435 198 431974............... 911 1,756 652 3,319 4 2,039 479 406 771975............... 1,082 1,918 980 3,980 7 2,296 512 607 1041976............... 1,138 2,080 1,024 4,242 6 2,346 467 708 104

294 592 99 985 1 80 13 5 41977............... 1,152 2,192 1,204 4,548 6 2,275 374 770 1321978............... 1,266 2,427 1,170 4,863 6 2,153 249 780 2291979 (Est.)......... 1,339 2,632 1,417 5,391 7 1,880 300 883 3011980 (Est.)......... 1,428 2,645 1.408 5,474 7 1.660 402 1,063 3361978-Apr............ 106 182 58 346 - 50 5 5 14

May............ 114 249 51 415 - 49 8 9 10June........... 113 209 51 373 2 831 86 361 97July........... 108 191 52 351 _ 11 2 4 2Aug............ 110 202 50 362 - 63 10 2 4Sept........... 107 192 548 847 2 31 5 3 2Oct............ 98 42 59 199 - 58 4 4 7

102 210 50 364 - 80 7 9 4103 350 53 508 2 730 112 398 144

1979-Jan............ 109 214 55 378 . 11 2 7 2Feb............ 112 187 63 362 77 12 4 3

117 176 89 383 2 34 5 9 10107 251 69 427 _ 57 8 5 7Fiscal 1979748 1,430 442 2,620 4 1,048 150 436 178

Interest credited to certain Government accounts -- Continued


Labor Trans Veterans AdministrationOfficeof Rents and

Department portationDepartment Government NationalPersonnelManagement Railroad Other

2/Total

royalties on the Outer Continental

GrandTotal

UnemploymentTrust Fund

Black Lung Disability rrust Fund

Life ServiceLifeInsuranceFund

Civil Service RetirementHighwayTrustFund

InsuranceFund

Retirement andDisabilityFund

Board 2/

1970............. 601 - 115 31 245 987 215 20 3,936 - 6,3801971............. 637 - 184 31 271 1,232 251 14 4,765 - 7,376496 - 206 32 292 1,464 258 12 5,089 _ 7,858487 - 247 31 309 1,566 262 23 5,452 - 8,3781974............. 650 - 415 31 338 1,838 257 40 6,574 _ 9,8931975............. 639 - 586 31 368 2,136 274 130 7,690 2,428 14,0981976............. 283 - 587 31 398 2,463 246 162 7,800 2,662 14,704T.Q.............. 55 - 13 * 8 71 16 3 270 1,311 2,5671977............. 232 - 593 32 433 2,841 230 213 8,131 2,374 15,0531978............. 266 1 662 32 460 3,356 209 246 8,651 2,259 15,7721979 (Est.)........ 430 - 836 31 500 4,08 9 228 297 9,782 3,500 18,0821980 (Est.)........ 545 918 30 516 4,910 211 342 10,940 2,600 19,0521978-Apr.......... 12 8 * 1 15 4 1* 115 242 703

May-.......... 33 - 12 * * 14 15 2 152 717 1,284June......... 68 - 318 16 225 1,526 65 120 3,714 137 4,225July......... -23 _ 2 * * 11 * 3 12 39 402Aug.......... 36 - 5 * 7 130 11 2 270 96 729Sept......... 11 1 10 * * 69 5 5 145 97 1,089

-13 * 16 * 1 16 7 2 103 95 39733 * 16 * * 65 15 3 231 117 713

Dec.......... 194 * 355 17 255 1,792 81 139 4,219 143 4,870-36 * 2 * * 3 * * -9 147 516Fe.......... 37 * 4 * 3 57 11 3 211 958 1,530

Mai.......... 17 * 6 * * 14 5 1 104 116 603Apr..........

Fiscal 1979-2 * 11 * 2 23 5 4 121 116 664

tQ ......... . 231.1 . * 410 18 261 1,969 124 152 4,980 1,693 9,293


Note: Budget estimates are based on the Current Budget Estimates, March 1979, released on March 15, 1979, by the Office of Management and Budget.

1/ Includes receipts from off-budget Federal agencies to the Civil Service Retirement and Disability Fund as of May 1974.

2/ Beginning fiscal 1974, includes adjustments of interest on public debt issue t

Table FFO-5. - Budget Outlays by Function(In millions of dollars)

Oo

Fiscal 1978 Fiscal 1979 Comparable.Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar Apr. Cumulative to date

periodfiscal1978

8,360r1132

9,141-33-2

9,181-59-3

8,515-299

9,800-54-4

8,99628-18

9,300-12321

9,437-187-10

9,307149-5

9,438-134

*8., 838 -31 -3

10,166-81

9,43020-11

65,916-315-8

1 -*t59,974

-944

8,475r 9,107 9,120 8,495 9,742 9,006 9,197 9,239 9,450 9,304 8,803 10,159 9,439 65,592 59,883

l,703r-604r-*

751-691-*

1,900-802-*

1,267-1,036

-*1,439-452-*

1,184-748-49

1,135-748-63

1,096-1,143

-*1,305-965-*

1,489-939-*

797-337-*

1,663-767-*

1,143-736-*

8,628-5,634

-638,609-5,367

-83l,099r 60 1,099 231 987 387 324 -47 339 550 460 896 407 2,930 3,159

380-*

429-2

393*

368*

405-*

403it

368-1

412-*

407-*

421-1

422-*

465-7

256-* 2,753-9

2,726-2

379 428 393 368 405 403 367 412 407 421 422 459 256 2,744 2,724

435r-54r

604-54

679-52

592-43

684-63

1,016-83

881-60

837-45

794-46

689-67

955-51

761-61

727-62

5,643-392

3,037-339

- - - - - - - - - - - - - - -38 lr 550 627 548 621 933 821 792 747 622 904 700 665 5,251 2,698

863r-314-2

1,038-189-1

1,066-74-2

1,069-213-2

1,172-179-12

1,526-129-7

1,055-170-7

1,137-241-7

1,487-353-9

1,158-189-16

97758-5

1,041-175-11

1,120-151-3

7,976-1,221

-596,862-989-17

547r 848 990 854 982 1,391 878 889 1,125 953 1,030 855 965 6,696 5,856

22r15

4833

-96-69

16617

390-4

26221

92722

1,396-24

1,66913

1,761-6

7566

502-45

524-22

7,535-56

6,850-37

37r 82 -165 183 386 283 949 1,372 1,681 1,755 762 457 502 7,478 6,813

-98r-4-*

218-2-*

-119-2-*

463-3-*

-108-2-*

471-4-*

2,126-2-*

42-2-*

311-2-*

111-2-*

-552-2-*

177-3-*

102-2-*

2,311-16-*

2,389-18-1

-102r 216 -121 460 -110 467 2,124 41 309 109 -553 174 100 2,295 2,371

l,251r-4-*

1,120-5*

1,613-27-*

1,421-6-*

1,302-13-*

1,576-4-*

1,700-5-*

1,424-10-*

1,378-4-*

1,425-6-*

1,108-13-*

1,2562-*

1,257-6-*

9,547-40-2

8,607-48-2

l,247r 1,114 1,585 1,415 1,288 1,572 1,695 1,414 1,374 1,419 1,095 1,257 1,251 9,505 8,557

668r-2-6

1,193-4-4

1,013-30-*

881-12-9

1,323-103-2

1,346126-38

1,086-148-9

991-71-10

843-81-9

79417-10

60925-8

828-38-16

651-19-30

5,805-316-92

6,035-211-61

659r 1,185 983 859 1,218 1,435 929 910 753 800 625 773 602 5,397 5,763

2,026r-1

2,391 2,222 2,105-

2,718 2,267 -=4- -

2,144-=4-

2,246 2,209 2 -

2,470-2

2,076-1

2,587-8

2,595-*

16,327-13

14,019-8

2,025r 2,389 2,222 2,099 2,716 2,263 2,144 2,244 2,210 2,467 2,075 2,578 2,595 16,314 14,011

National defenseOutlays.......................Proprietary receipts from the public Intrabudgetary transactions.......Total........................

International affairsOutlays.......................Proprietary receipts from the public Intrabugetary transactions.......Total........................

General science> space, and technologyOutlays.......................Proprietary receipts from the publicTotal........................ .

EnergyOutlays....................... .Proprietary receipts from the public, Intrabugetary transactions....... .Total........................ .

Natural resources and environmentOutlays....................... .Proprietary receipts from the public, Intrabugetary transactions....... .Total........................ .

AgricultureOutlays....................... .Proprietary receipts from the public,Total.........................

Commerce and housing creditOutlays................. ......Proprietary receipts from the public. Intrabugetary transactions........Total.........................

TransportationOutlays........................Proprietary receipts from the public. Intrabugetary transactions........Total.........................

Community and regional developmentOutlays........................Proprietary receipts from the public. Intrabugetary transactions........Total.........................

Education, training, employment, and social servicesOutlays........................ Proprietary, receipt s~fxorcu.tha-piifrli.cyTotal.........................

Footnotes at end of table.

*1WdH

>

HHGOo&H

5iOSSCO

i*I 5I-

Table FFO-5. - Budget Outlays by FunctionContinued

( In millions of dollars)

Fiscal 1978 ,, FI seal 1979 .. ComparableperiodfiscalL978Apr. May June July Aug. Sept., Oct. Nov. Dec. Jan. Feb. Mar. Apr.

Cumulative to date

3,343r 4,214 4,378' 4,130 4,586 4,049 4,563 4?506 5,520 4,748 4,446 5,542 4,631 33,150 29,73810 * -2 -4 -2 -4 -4 1 -5 3 - -34 -1 -41 -12

-519 -499 -500 -529 -5451 -449 -522 -550 -798 -602' -550 -1,277 -569 -4,870 -4,7242,833r 3,716 3,876 3,597 4,039 3,595 4,039 3,957 4,717 4,149 3,894 4,231 4,060 28,239 25,002

12,607r 12,232 14,131 11,642 12,267 13,066 12,133 12,369 13,227 12,961 13,301 14,418 13,346 92,564 86,738-* -* 2 * -* -* -* -* -* -* -* -* -* -1 -1-112 -3 -1,621 -2 -2 -310 -317 -11 -759 -2 -2 -3 -30 -1,123 -1,884

' 12,4$^ 12,230 12,512 11,641 12,266 12,756 11,815 12,358. 12,469 12,959 13,300 14,415 13,316 91,440 84,853

603r 1,769 2,476 656 1,575 1,483 1,690 1,706 2,692 806 1,663 2,765 883 12,207 11,522-44 -43 -42 -46 -45 -40 -43 -39 -42 -49 -41 -48 -43 -305 -302-* -* -* -* -* -* -* -* -* -* -* I1 -* -* -1 -1558r 1,726 2,433- 610 - 1,529 1,442 1,647 1,667 2,650 757 1,622 2,717 840 11,900 . 11,219

340 371 312 304 317 324 328 396 310 342 352 347 371 2,447 2,166-* -* -1 -* -* -* -1 -4 -1 -1 -* -1 -3 -10 -6

340 371 312 303 317 324 328 392 309 341 352 347 369 2,437 2,160

154 530 389 218 413 7,861 840 236 505 179 342 497 343 2,941 2,134-7 -31 -79 -30 -57 -76 -46 -26 -221 248 -21 -12 -18 -96 -103-16 -15 -16 -2 -16 -7,449 -9 -14 -15 -34 -21 -50 -20 -163 -127131 484 293 186 340 335 785 196 269 392 300 435 305 2,682 1,904

2,050 153 50 1,964 54 153 8,896 160 79 1,754 81 67 1,752 12,789 13,901- - - - -18 -26 -22 - - - - - - -22 --r - - - - - -6,855 - -* - - - - -6.855 -6,855

2,050 153 50 1,964 36 127 2,019 160 79 1,754 81 67 1,752 5,912 7,046

3,355 3,416 6,852 3,308 3,680 3,387 3,587 3,932 7,797 3,793 4,189 3,895 4,122 31,316 25,608-52 -112 -31 -60 -134 -29 -148 -32 -144 -135 -88 -82 -l'OO -730 -313-8 -8 -203 -235 -7 -52 -409 -50 -282 -798 v -3 -6 -28 -1,576 -1,027

3,295 3,296 6,617 3,013 3,539 - 3,306 3,030 3,850 7,372 2,860 4,098 3,807 3,993 29,010 24,268-523 -1,284 -4,225 -402 -729 -1,089 -397 -713 -4,870 -516 -1,530' -603 -664 .19,29,3. -7,863

35,927r 36,670 38,602 36,426 39,572 9 38,935 42,691 39,134 41,392 41,095 37,739 43,725 40,752 286,529 1260,424J-- 1---- 1

t kVO

VO

HealthOutlays.......................Proprietary receipts from the public Intrabudgetary transactions.......Total.......................

Income securityOutlays........................Proprietary receipts fron the public Intrabudgetary transactions.......Total.......................

Veterans benefits and servicesOutlays.......................Proprietary receipts fron the public Intrabudgerary transactions.......Total.......................

Administration of justiceOutlays......... ..............Proprietary receipts fron the public Intrabudgetary transactions.... .Total.......................

General governmentOutlays.......................Proprietary receipts from the public Intrabudgetary transactions.......Total.......................

General purpose fiscal assistanceOutlays......................Proprietary receipts from the public Intrabudgetary transactions.......Total.......................

InterestOutlays.......................Proprietary receipts fron the public Intrabudgetary transactions.......Total.......................

Undistributed offsetting receipts...Net budget outlays..............


* Less than $500,000. r Revised.

vo

10.FEDERAL FISCAL OPERATIONS,

Treasury Bulletin

Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)

(In millions of dollars)Health, Education, and Welfare Department Housing and Urban Development Department Labor Department

Fiscal year or month.

Federal Old-Age and

FederalDisability Federal

FederalSupple- Federal Government National Mortgage Assn. FederalInsurance Other UnemploySurvivors

Insurance Trust Fund

InsuranceTrustFund

Insurance Trust Fund

Medical Insurance Trust Fund

Other HousingAdministration

' Participation Sales Fund

OtherAdministration

ment Trust Fund

Other

1970.............. 3,953 1,342 693 -345 * 131 -369 -8 28 _ 488 *1971.............. 1,274 1,263 377 244 -1 128 197 -6 14 2 -1,747 _*1972.............. 1,827 934 -146 221 - 109 -202 -8 1 5 -1,428 _*1973.............. 2,298 792 1,338 222 31 299 -4 6 9 1,144 _*1974.............. 2,217 391 3,642 531 * 63 184 1 5 15 1,165 -1975.............. 2,175 -37 1,897 148 - 200 223 12 -8 8 -4,938 -1976.............. -1,924 -1,227 1,181 -148 * 118 261 29 12 7 -2,373T.Q............... -913 -477 67 14 - 28 27 2 2 -47 104 -11977.............. -1,645 -2,211 -36 988 1 190 -95 17 -3 - 1,073 -11978.............. -4,443 110 784 1,789 1 100 -313 37 -36 - 3,530 _*1979 (Est.)........ -3,045 1,153 1.59? 983 - 165 79 -1 -21 54 5,300 -1980 (Est.)........ -1,265 1,782 3,508 223 - 154 68 4 -13 51 3,300 -1978-Apr........... 723 258 120 -94 * 10 -126 3 _ _ 528 5

1,995 -26 -249 99 * 6 153 60 -2 - 3,582 14June.......... . -1,909 417 817 127 * * 24 -44 - - -848 19-1,379 14 -92 118 _ 22 -15 4 _ _ 348 19Aug........... . 2,429 _* -209 65 * 20 -503 2 -18 - 2,021 19

Sept.......... . -2,086 185 204 31 * 6 39 2 - - -669 -76-2,307 -297 -486 1 - -15 5 7 - - -11 8Nov............ 80 -167 -355 -37 - 5 52 -1 - - 984 1-1,195 319 D10 358 * 24 -17 5 - - -496 13

1979-Jan........... . -1,296 -30 -79 212 * 11 15 2 _ . -777 14Feb........... 1,543 -5 12 10 - 46 12 3 -5 _ 243 -6-770 353 1,042 115 * 4 28 3 25 _ -1,042 -271,428 391 -130 53 - -6 -38 1 - 529 -4

Fiscal 1979 to date............ -2,517 565 514 713 - 70 57 21 20 - -569 -

TransportationDepartment

TreasuryDepartment

VeteransAdministration Office

ofPersonnelManagement

FederalDeposit

Federal Savings and loan

RailroadAllother

Fiscal year or month Airport

andAirway Drust Fund

Highway Trust Fund

National Service Life Insurance Fund

OtherInsuranceCorporation

InsuranceCorporation

PostalService

RetirementBoard

Total

- 1,089 -5 86 14 1,960 328 173 _ 268 237 10,062- 1,033 1,380 83 20 2,932 180 196 - -9 -145 7,4171972............... - 822 1,201 62 29 3,123 438 148 1,370 -110 26 8,420- 1,094 353 272 26 3,337 537 257 -280 24 67 11,821878 2,049 -566 178 30 3,669 225 378 -292 -60 110 14,8131,058 1,937 -920 111 27 4,635 404 316 -90 -290 165 7,031593 -505 56 215 42 5,253 470 368 125 -246 2,030 4,341183 -79 40 25 * -755 -128 135 599 -660 -1,682 -3,514534 1,127 525 219 40 7,428 855 424 -160 -171 145 9,243441 1,499 -282 268 54 7,134 569 404 450 -104 191 12,181

1979 (Est.)/......... 528 1,348 - 225 34 8,597 1,121 390 -16 -210 486 18,7621980 (Est.)......... 773 1,162 - *97 37 8,898 1,192 506 -485 -30 709 20,7701978-Apr............ 42 195 -38 -18 -2 -409 -108 12 36 -289 2 849May............ 55 88 -138 -30 -7 -132 134 -22 -150 -3 107 5,536June........... 149 380 -32 205 41 1,099 67 33 258 1,316 -129 1,990

July........... 44 -33 -16 -18 -1 -379 43 23 -164 -327 -7 -1,796Aug............ -97 131 12 -13 -4 -291 195 91 213 3 32 4,098Sept........... -90 -73 -43 -17 -4 7,618 21 15 -701 -201 105 4,265Oct............ 38 -163 -47 -19 -5 -465 41 19 1,904 51 95 -1,64260 93 485 -22 -4 -305 131 110 -35 -1 -15 1,060171 302 965 230 45 1,279 7 10 108 -53 12 2,599

1979-Jan............ 43 161 -38 -36 -9 -413 109 41 55 -328 72 -2,273Feb............ 70 143 -1 -12 -4 -349 490 104 130 -11 -9 2,40568 115 -3,123 -34 -5 -324 34 24 -226 -121 1 -3,85862 66 2,722 -45 -9 -447 46 25 37 -323 28 4,387

Fiscal 1979512 718 964 64 9 -1,025 858 333 1,975 -787 183 2,677

Source: Monthly Treasury Statement of Receipts and Outlays of the United Note: Figures may not add due to rounding.States Government. Budget estimates are "based on the 1980 Budget of * Less than $500,000.the U.S. Government, released January 22, 1979.

Table FFO-7. - Trust Funds Transactions October 1, 1978 through April 30, 1979


Receipts Outlays

Trust Unified budget receipts attributable to trust funds 1/

(5)

Trustinterfundtransactions

(7)

Proprietary receipts from the public

(8)

Interfund transactions Unifiedbudgetoutlaysattributabletotrustfunds(15)

Classification (trust funds)

Total intrustfunds

(1)

interfund and proprietary receipts 1/

(2)

Receipts of trust funds

(3)

Interfundtransactions2/

(4)

Total intrustfunds

(6)

Outlays of trust funds

(9)

Federal payments and contributions(10)

Federalemployercontributions

(11)

Interest and profits on investments in Federal securities

(12)

Other

(13)

TotalA/

(14)

Excess of receipts, or outlays (-)

(16)Federal old-age and survivors

47,613 * 47,613 2,192 45,421 50,299 _ * 50,299 616 529 1,048 - 2,192 48,107 -2,686

8,466 * 8,466 386 8,080 7,912 - * 7,912 143 93 150 - 386 7,526 554

12,164 33 12,131 1,436 10,695 11,526 - 33 11,493 874 126 436 - 1,436 10,057 638Federal supplementary medical

Federal employees retirement......5,6925,931

**

5,6925,931

4,1733,937

1,5191,993

4,9947,093 *

* 4,9947,093

3,99511 1,872

1781,985 69

4,1733,937

8213,156

698-1,162

Federal employees life and health benefits......... ...... . _ _ -123 _ - -123 - - - - - -123 123Federal Deposit Insurance Corporation...................

9816,855

- 9816,855

130 8516,855

-855471

5,133

- - -855471

5,133-

"130

130

-855341

5,133

855510

1,722

Highway....................... 4,537 4 4,533 410 4,124 3,776 - 4 3,771 - - 410 - 410 3,361 761Military assistance advances...... 5,144 5,144 - - - 4,221 - 5,144 -923 - - - - - -923 923Railroad retirement............. 1,627 _ 1,627 438 1,189 2,443 - - 2,443 313 - 124 * 438 2,005 -816

6,396 - 6,396 268 6,128 6,313 - - 6,313 - - 231 37 268 6,045 83Veterans life insurance.......... 552 271 280 280 - 481 - 271 209 - - 279 1 280 -71 71All other...................... 628 360 268 116 152 384 - 360 24 62 - 9 45 116 -92 244Total....................... 106,586 5,813 100,773 13,766 87,006 104,068 * 5,813 98,254 6,014 2,620 4,979 152 13,766 84,488 2,519

V O

8

Hdw

>tr4Iicoo>r*

%H>HHOasCO


Note: The memorandum sections of various tables In the Budget of the U.S. Government present the trust fund receipt and outlay data an the same concept as columns (3) and (9) above. Trust interfund transactions are payments from one trust fund to another and are excluded in calculating trust fund receipts and outlays. The intragovernmental transactions are payments fron Federal funds to trust funds, and vice versa,

but exclude $122 million in trust payments to Federal funds.1/ For content see columns (7) and (8).2/ For content see columns (10)-(13).j/ Includes net taxes and other receipts, mainly deposits by states and

Federal employee retirement contributions. y Excludes trust fund payments to Federal funds such as charges for

administrative expenses of Social Security Act.* Less than $500,000.

1 2

.FEDERAL OBLIGATIONS.

Treasury bulletin

"Obligations are the basis on which the use of funds is controlled in the Federal Government. They are recorded at the point at which the Government makes a firm commitment to acquire goods or services and are the first of the four key events order, delivery, payment, consumption which characterize the acquisition and use of resources. In general, they consist of orders placed, contracts awarded, services received, and similar transactions requiring the disbursement of money.

*$he obligational stage of Government transactions is* a strategic point in gauging the impact of the Government's operations on the national economy? since it frequently represents for business firms the Government commitment which stimulates business investment, including inventory purchases and employment of labor. Disbursements may not occur for months after the Government places its order but the order itself usually causes inmediate pressure on the private economy.

Obligations are classified according to a uniform set

of categories which are based upon the nature of 'the transaction without regard to its ultimate purpose. All payments for salaries and wages, for example, are reported as personnel compensation, whether the personal services are used in current operations or in the construction of capital items.

Federal agencies and firms often do business with one another; in doing so, the ,,buying" agency records obligations, and the "performing" agency records reimbursements. In Table FO-1, obligations th&t are incurred within the Government are distinguished from those incurred outside the Government. Tables FO-2, 3> and k show only those incurred outside.

Obligation data for the administrative budget fund accounts were first published in the September 1967 Treasury Bulletin and the trust fund accounts were first published in the October 1967 Bulletin. Beginning with the April 1968 Bulletin, the data are on the basis of the budget concepts adopted pursuant to the recommendations of the President's Commission on Budget Concepts.

June 1979.FEDERAL OBLIGATIONS.

13

Table FO-L - Gross Obligations Incurred Within and Outside the Federal Government

by Object Class, January 31, 1979

____________________________________(In millions of dollars)_______________________________

Object classGross obligations incurred

Outside Within Total

PerspRftl.$$rriw TtaPdtttaPersonnel compensation......Personnel benefits.........Benefits for former personnel.

Contractual services and supplies Travel and transportation of persons.Transportation of things..........Rent, communications, and utilities..Printing and reproduction.........Other services...................Supplies and materials............

AgqtttattiQE 9t capital,,frgstrtsEquipment...............Lands and structures......Investments and loans.....

Grants and fixed chargesGrants, subsidies, and contributions.Insurance claims and indemnities...Interest and dividends............Refunds.........................

OtherUndistributed U.S. obligations. Obligations incurred abroad.... Unvouchered................

20,039224

3,715

782678

1,958214

20,30412,253

9,4492,18913,034

39,70054,57617,317

190

-1,0542,566

80

1,837

167612

1,316180

8,7424,497

1,580822

5,233

9732331

Gross obligations incurred l/. 198,215 26,202

20,0392,0613,715

9491,2913,273394

29,04616,750

11,0303,01113,043

39,70054,57622,551

190

-812,799

81

224,417Source: Reports on Obligations, Standard Form 225, from agencies.1/ For Federal Budget presentation a concept of "net obligations

incurred1* is generally used. This concept eliminates transactions within the Government and revenue and reimbursements from the public which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis follow. (This data is on the basis of Reports on Obligations received from the agencies prior to reports submitted for Budget

presentation and therefore may differ somewhat fpom the Budget document.)Gross obligations incurred (as above)......... . 224,417Deduct:Advances, reimbursements, other income, etc... -37,523Offsetting receipts........................ -26,176Net obligations incurred................. 160,718

Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function

and Major Object Class, January 31, 1979______ (In millions of dollars)__________

Major object class

Major functionPersonalservicesandbenefits

Contrsservicsupplj

ictual >es and

Acquisition of capital assets Grantsandfixedcharges

Other TotalLes Equipment Lands and structuresInvestments and loans

16,049 20,679 8,958 806 - 135 2,226 48,853207 730 42 17 4,,094 655 337 6,081

General science, space and technology... 230 1,,605 21 60 * 126 " 2,042527 6,279 137 11 - 245 329

7,528836 853 34 925 1 740 40 3,428193 910 3 * 5,,916 1,892 -1,623 7,291267 204 8 5 1,,799 818 18 3,117895 479 95 222 268 3,134 120 5,213300 281 3 14 676 1,340 103 2,717

Education, training, employment, and282 ill 18 1 15 10,597 5 11,029597 1,678 14 17 26 16,197 -8 18,522740 495 3 1 18 48,767 10 50,034

1,304 529 61 92 195 5,024 32 7,236606 172 11 6 - 679 2 1,476943 1,176 44 10 - 788 2,9614 10 * * 25 4,590 4,629_ - - - - 16,056 - 16,056

23,978 36,189 9,449 2,189 13,034 111,783 1,592 198,215

* Less than $500,000.

14FEDERAL OBLIGATIONS.

Treasury BulletinTable FO-3. - Gross Obligations Incurred Outside the Federal Government

by Department or Agency, January 31, 1979(In millions of dollars)

Personal services & benefits Contractual services and suppliesClassification Personnel

compensation

Personnelbenefits1/

Benefitsforformerpersonnel

Travel and transportation of persons

Transportation of things

Rent, com-'munications,andutilities

Printingandrepro-. duction

Otherservices

suppliesandmaterials

129 - * 4 2 12 140 6 15The Judiciary....................... - - - - - - - - -

13 - - * * 1 * 1 *Funds appropriated to the President:International security assistance: 5 - * * 1 * * 2 *International development assistance... 44 - * 2 1 3 * 9 564

12 - * 2 * 3 * 45 10Agriculture Department:

1462 - - * 67 * - 631358 * * 19 1 15 1 68 270242 - 1 12 1 20 5 82 19

Defense Department: Military:Department of the Army............. 3,838 81 5 276 94 220 2 1,994 1,331

4,593 101 1 122 230 217 27 5,067 3,3263,621 43 * 90 144 138 7 2,717 1,535

Defense -agencies.................. 436 -* 3,301 13 23 200 2 779 2,088Civil defense..................... 5 - - * * * * 11 *

12,493 225 3,307 501 491 775 38 10,568 8,280Civil............................ 289 - 1 4 2 13 1 250 34

204 _ * 6 2 529 1 4,097 10Health, Education, and Welfare968 * 11 28 3 62 1 479 53Housing and Urban Development Dept:

Government National Mortgage_ _ _ _ _ _ _ 80 _Housing for the elderly or_ _ _ _ _ _ _ _ _

128 _ * 6 * * 1 76 1442 * * 19 3 43 1 490 54398 _ * 20 3 20 1 62 34188 _ 206 11 1 14 * 38 6109 _ _ 15 11 25 1 16 3726 _ 57 33 9 52 1 244 76Treasury Department:_ _ _ _ _ _ _ __ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _802 -1 * 31 7 40 18 43 2388 * 5 * 8 * 66 3General Services Administration........ 212 * * 2 15 206 * 244 406National Aeronautics and Space224 * 7 3 32 1 1,448 45

1,298 _ _ 29 4 46 * 198 251Other independent agencies:3 _ _ * * * * * *39 * * 2 * 1 * 26 *316 _ _ 3 48 11 * 117 1,455308 - 131 20 3 24 2 1,404 10

Total..................... . 20,039 224 3,715 782 678 1,958 214 20,304 12,253Off-budget Federal agencies 4/:

4,039 _ 13 13 367 133 * 66 64Rural Electrification Administration* _ _ * _ * _ _ _Pension Benefit Guaranty3 _ _ * * 1 * 1 *Total Off-budget Federal

4,042 - 13 13 367 134 * 67 64

June 1979pptypp at OBLIGATIONS................... -

Table FO-3. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, January 31, 1979-Continued

15


Acquisition c capital asset

>f Grants and fiLxed charges OtherTotal gross obligations . incurred

.sGrant, subsidies, and contributions

Insurance claims and indemnities

Interestanddividends

RefundsUndistributed U.S. obligations

Obligations incurred abroad

Un-vouch-ered

ClassificationEquipment

Landsandstructures

Investmentsandloans

15 _ _ * * . * 1 _ 324The Judiciary........................ - - - - - - - - - - -

* * - - - - - - - - 15Funds appropriated to the President:International security assistance: 2 - - 4 - - - - * - 15International development assistance.... * - 352 304 2 1 - 1 122 - 1,406Other............................. 27 20 1,567 128 - - - -4 18 - 1,828

Agriculture Department:Commodity Credit Corporation......... * - 3,738 1,333 - - - -1,635 - - 4,281

4 a 4,056 4*351 42 737 80 123 10 -* 10,13912 4 23 335 * - * * 4 41 800

Defense Department:Military:Department of the Army............. 822 87 - 1 1 * * * 1,403 - 10,157Department of the Navy............. 3,421 175 - 4 1 * - 1 1 38 17,326Department of the Air Force........ 4,366 119 - 8 43 1 - - 551 - 13,383

63 29 - * 33 6 - 4 228 - 7,204* _ . 37 * _ . _ _ 538,672 410 - 50 78 7 * 5 2,183 38 48,123

Civil............................. 13 517 - 9 * * 1 - - - 1,133Energy Department.................... 298 398 . 4 -* 9 _ 330 _ _ 5,888Health, Education, and Welfare

16 18 26 12,701 1,383 13 - 2 - - 15,765Housing and Urban Development Dept:Government National Mortgage

- - 21 _ _ 5 _ _ . _ 106Housing for the elderly or

- * 15 - - 2 - - - - 18* 188 124 930 51 31 20 - - - 1,55616 416 2 382 14 -* -* - - - 1,883

Justice Department................... . 11 6 - 395 4 - * - 1 - 956Labor Department..................... 3 1 - 7,310 253 - -* - . - 8,033

2 * * 127 35 - - - 159 1 505Transportation Department............. 89 20 - 749 1 * . 39 - - 2,094Treasury Department:Interest on the public debt.......... - - - - - 15,934 - - - - 15,934- - - 5 - 117 - _ - _ 122General revenue sharing............. - - - 4,011 - - - . - . 4,011

8 11 25 2,937 44,825 - * 81 1 - 48,851Environmental Protection Agency........ 3 * - 623 * - - _ - - 796General Services Administration........ 35 10 - 6 * 16 . _ . - 1,152National Aeronautics and Space

21 60 * . _ - - _ _ _ 1,84160 92 195 1,108 3,740 176 - - 32 - 7,228

Other independent agencies:Export-Import Bank of U.S............ * - 2,176 - - 44 . * _ _ 2,225Small Business Administration........ * - 525 - * * - _ - - 594Tennessee Valley Authority........... 122 10 - 33 * 199 - -1 - - 2,314

19 5 191 1,862 4,145 25 89 4 36 - 8,278Total............................. 9,449 2,189 13,034 39,700 54,576 17,317 190 -1,054 2,566 80 198,215

vti DuOgct reOeio I agcuClcS *f/ Postal Service...................... 35 56 9 5 4,800Rural Electrification Administrationrevolving funds................................ - - 547 - - * . _ _ _ 547Pension Benefit Guaranty

* - - - 6 - - - - - 11Total Off-budget Federalagencies......................................... 35 56 547 - 15 6 - - - - 5,358

Source: Reports on Obligations, Standard Forms 225, from agencies.Note: Agency shifts are shown in this table beginning with the periods

of such shifts. The amounts for the complete fiscal year are adjusted at that time.

1/ For purposes of this report this object class is considered as totally within the Federal Government except for the Department of Defense and

Transportation Department, U.S. Coast Guard.2/ Includes reports for Library of Congress, Government Printing Office,

and.General Accounting Office only.3/ This fund was reclassified from an off-budget to a budgetary account ~ pursuant to an act approved Oct. 4, 1977.4/ Postal Service since July 1, 1973, Rural Electrification Administration

revolving funds since May 12, 1973, and Pension Benefit Guaranty Corporation since Sept. 17, 1974.

* Less than $500,000.

Table FO-4. - Gross Obligations Incurred Outside the Federal Government* Comparative Statement by Month C\

Object classF.Y. 1978 F.Y. 1979 Comparable

period FY 1978Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan.

Cumulative to date

National defense:Personal services and benefits:

3,510 2,562 2,959 2,941 2,898 2,839 2,995 3,029 5,391 3,268 3,108 2,881 3,260 12,517 12,078158 6 14 17 22 49 54 55 24 62 62 35 65 225 455747 753 770 772 770 772 807 768 829 822 825 833 827 3,307 2,984

Contractual services and supplies:129 83 211 129 112 124 105 121 185 150 121 116 114 501 368125 87 84 119 72 52 57 82 383 107 87 169 129 492 475281 149 146 197 86 198 107 151 305 209 202 174 195 780 717

Printing and reproduction............... 1 2 27 10 10 7 4 11 59 9 11 7 11 39 203,771 2,149 1,238 2,197 1,011 2,218 1,558 1,276 4,054 5,390 1,301 1,556 2,338 10,585 11,727

Supplies and materials................. 1,902 1,738 2,060 2,247 1,699 2,455 1,507 2,502 2,749 -2,119 6,403 2,001 1,996 8,281 8,285Acquisition of capital assets:

1,729 1,836 1,554 1,417 1,518 1,783 813 950 2,427 3,709 276 3,081 1,893 8,958 7,201254 132 104 165 195 130 114 150 672 70 83 428 225 806 598- - - - - - * * -* - - - - - 1

Grants and fixed charges:14 3 3 * 3 2 1 * 4 5 2 15 29 50 357 8 , 9 7 13 2 7 7 9 8 55 6 9 78 691 3 2 2 2 1 2 3 5 3 1 1 3 7 92 2 2 -1 4 1 3 2 2 - - - - 8

Other:183 7 5 42 6 -2 17 7 18 * 2 3 * 5 182614 409 467 459 745 179 714 367 -3,646 529 552 562 539 2,183 2,35810 8 10 8 8 9 10 8 10 10 9 9 10 38 35

13,440 9,939 9,663 10,730 9,175 10,818 8,875 9,490 13,477 12,232 13,101 11,877 11,643 48,853 47,608Non-defense:Personal services and benefits:

1,931 1,660 1,945 1,580 1,845 1,857 1,808 1,950 1,957 1,538 1,713 2,252 2,018 7,522 6,9997 -1 -32 -* -* * * -* 2 1 -* -* -* -* 34

141 105 199 73 -23 122 888 84 7,562 81 137 81 109 408 472Contractual service and supplies:Travel and transportation of persons...... 77 67 86 73 81 81 75 79 97 57 70 81 73 281 270

21 41 28 28 41 38 49 51 54 46 30 75 35 186 127270 144 222 165 160 158 177 132 129 167 133 724 153 1,177 ' 69834 28 38 35 28 39 32 38 47 34 38 58r 47 175 148

3,846 1,959 1,529 1,719 1,110 2,524 1,388 1,434 2,860 1,241 l,355r 5,187 1,936 9,719 7,629Supplies and materials.................. 437 317 755 542 559 774 477 665 681 1,748 204r 1,263 757 3,972 3,206

Acquisition of capital assets:209 135 196 126 129 138 164 184 451 161 109r 99 123 491 594

Lands and structures................... 586 157 346 326 363 249 216 307 1,046 345 271r 422 344 1,383 1,5063,273 2,414 3,136 2,172 2,709 2,023 3,355 3,011 5,685 1,940 3,859 3,916 3,320 13,034 10,612

Grants and fixed charges:Grants, subsidies and contributions....... 10,382 6,465 8,360 10,749 8,409 12,716 15,229 10,210 38,306 5,705 8,071r 14,698r 11,175 39,650 38,356Insurance claims and idemnities........... 10,534 12,985 15,921 12,276 12,361 12,250 13,403 13,409 12,788 11,320 15,357 14,041r 13,780 54,498 46,677

1,508 2,976 3,026 3,000 3,050 7,460 1,651 3,273 3,045 3,368 3,551 6,716 3,675 17,310 14,07599 66 66 72 170 55 45 48 -85 42 42 41 65 190 321

Other:55 63 -496 -235 292 -213 775 49 -1,317 -117 -17 -544 -380 -1,059 -357102 57 133 75 86 121 140 357 38 51 69 142 121 383 2979 8 7 8 9 8 10 9 11 8 11 13 10 42 3.8

33,521 29,645 35,465 32,785 31,379 40,400' 39,082 35,290 73,357 27,736 35,003r 49,265r 37,361 149,362 131,70246,958 39,587 45,128 43,515 40,556 51,218 47,956 44,778 86,833 39,968 48,104r 61,140r 49,003 198,215 179,307

i&i-

Less than $500,000. Revised.

June 1979.FEDERAL OBLIGATIONS.

17

Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government

by Object Class, December 31, 1978

____________________________________ (In millions of dollars)_______________________________

Object classGross obligations incurred

Outside Within Total

ftersqnal .jsmnrtwff raft frwtttaPersonnel compensation......Personnel benefits.........Benefits for former personnel.

fiofftarcurtawl s3rrt

18 Treasury Bulletin

Table FO-3. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, December 31, 1978

_____________________ FEDERAL OBLIGATIONS____________________

(In millions of dollars)Personal services & benefits Contractual services and supplies

Classification Personnelcompensation

Personnelbenefits1/

Benefitsforformerpersonnel

Travel and transportation of persons

Transportation of things

Rent, communications, andutilities

Printingandreproduction

Otherservices

Suppliesandmaterials

Legislative Branch 2/.............. 96 _ * 3 1 11 102 4 10- - - - - - - - -9 - - * * 1 2 1 *

Funds appropriated to the President: International security assistance: 3 _ * * 1 * * 2 *International development assistance 30 - * 2 1 2 * 7 562Other.......................... 8 - * 1 * 2 * 36 8

Agriculture Department: 60 105 4031 * * 265 - * 14 1 10 1 54 66155 ~ 1 8 1 15 13 36 9

Defense Department: Military:Department of the Army............ 2,840 54 6 219 78 168 1 1,574 1,051Department of the Navy............ 3,399 76 1 91 171 158 20 3,993 2,585Department of the Air Force........ 2,674 33 * 68 97 103 4 2,039 1,178Defense agencies........ ...... . 324 -3 2,473 9 17 154 2 619 1,4714 - - * * * - 10 *

9,241 160 2,480 387 363 583 27 8,235 6,285

Civil............................ 209 - 1 4 1 11 1 221 26143 - - 5 1 572 * 3,715 7

Health, Education, and WelfareDepartment...................... 707 - 8 20 2 38 1 349 35

Housing and Urban Development Dept: Governmenx National Mortgage

- - - - - - - - -Housing for the elderly orhandicapped 3/................... - - - - - - - - -

94 - * 5 * * 1 40 *330 - * 15 3 29 1 432 43

Justice Department.................. 295 - * 15 2 14 * 47 28Labor Department..................... 138 - 159 8 1 10 * 26 5

80 - - 11 7 10 1 11 2540 - 42 24 7 39 * 133 56

Treasury Department: * " "- - - - - - - - -- - - - - - - - -

563 - * 22 5 21 14 29 1764 - * 4 * 4 * 44 2

General Services Administration....... 156 - * 1 11 152 * 166 297National Aeronautics and SpaceAdministration.................... 165 - * 5 2 23 * 1,026 37

965 - - 22 3 34 * 146 187Other independent agencies:Export-Import Bank of U.S.......... 2 - - * - * it it *

29 - * 2 * 1 it 17 *Tennessee Valley Authority......... 234 - - 2 40 8 it 90 1,407Other........................... 234 88 15 2 18 1 1,059 7Total........................... 14,759 159 2,779, 595 514 1,,610 167 16,030 9,500

Off-budget Federal agencies 4/:Pos tal Services................... 3,061 - 10 10 280 97 * 49 54Rural Electrification Administrationrevolving funds.................. * - - * - - - - -

Pension Benefit GuarantyCorporation....................... 2 - - * * * * * *Total Off-budget Federal

3,063 - 10 10 280 97 * 49 54

June 1979FEDERAL OBLIGATIONS,

19

Table FO-3. - Gross Obligations Incurred Outside the Federal Government by Department or Agency,- December 31, 1978Continued

(In millions of dollars)Grants and fixed charges Other TotalAcquistion of

capital assets Grants, Insurance claims and indemnities

Interestanddividends

RefundsUndistributed U.S. Obligations in

curred abroad

Un-grossobliga

Classification Equipment

Landsandstructures

Investmentsandloans

subsidies, and contributions

obligations

voucher ed

tionsincurred

Legislative Branch 2/.............. 12 _ _ * *i

* _ 1 240- - - - - - - - - - -* - - - - - - - - - 12

Funds appropriated to the President:International security assistance: 2 - - 1 - - - - * - 9International development assistance * - 316 299 2 1 - - 88 - 1,309Other.......................... 22 13 1,557 28 - - - 1 12 - 1,689

Agriculture Department:Commodity Credit Corporation....... * - 2,672 1,236 - - - -1,001 - - 3,476

2 3 2,664 2,656 37 542 39 126 7 - 6,4899 4 15 299 * - * - 3 31 600

Defense Department: Military:Department of the Army........... 729 61 - * 1 * - 2 1,088 - 7,8732,866 103 - 2 1 * - - * 28 13,493

3,160 82 - 6 43 * - - 402 - 9,88843 16 - * 25 4 - 3 153 - 5,309* - - 12 * - - - - - 26

Total military.................. 6,798 262 - 20 70 4 - 5 1,643 28 36,589Civil............................ 9 424 - 2 * * 1 - - - 910

273 320 - 1 -* 6 - 189 - - 5,233Health, Education, and Welfare

8 7 9 10,024 1,237 10 - 3 - - 12,457Housing and Urban Development Dept:

Government National Mortgage - - - - - - - - . - -Honsing for the elderly or

- * 13 - - - 2 - - - 14* 141 46 585 38 16 15 - - - 98312 301 1 306 10 -* - - - - 1,4839 4 - 377 3 - * - 1 * 7942 1 - 6,468 172 - - - - - 6,9912 * * 76 26 - - - 101 1 32881 8 - 467 * * - - - - 1,398

Treasury Department:- - - - - 12,641 - - - - 12,641- - - 2 - 85 - - - - 88- - - 2,257 - - - - - - 2,257

Other.......................... 12 * 25 3,219 33,346 - * - * - 37,273Environmental Protection Agency...... 1 * - 405 * - - - - - 525

21 2 - 4 * 13 - - - - 825National Aerpnautics and Space

14 49 * - - - - - - - 1,32144 72 141 848 2,739 121 - - 24 - 5,345

Other independent agencies:Export-Import Bank of U.S......... * - 1,813 - - 31 - * - - 1,847

* - 327 - - * - - - - 37792 3 - 25 * 146 - 1 - - 2,0499 5 115 1,318 3,106 20 70 3 25 - 6,097

Total.......................... 7,434 1,619 9,715 30,926 40,787 13,640 125 -674 1,906 60 151,650Off-budget Federal agencies 4/:Postal Services.................. 33 31 - - 12 4 - - - - 3,643

Rural Electrification Administration- - 349 - - * - - - - 349

Pension Bendfit Guaranty* - - - 4 - - - - - 8

Total Off-budget Federal agencies....................... 33 31 349 " 16 4 - - 4,000

Souree: Reports on Obligations, Standard Forms 225, from agencies.Note: Agency shifts are shown in this table beginning with the periods

of such shifts. The amounts for the complete fiscal year are adjusted at that time.

1/ For purposes of this report this object class is considered as totally within the Federal Government except for the Department of Defense and Transportation Department, U.S. Coast Guard.

2/ Includes reports for Library of Congress, Government Printing Office,

and General Accounting Office only.3/ This fund was reclassified from an off-budget to a budgetary account

pursuant to an act approved Oct. 4, 1977.4/ Postal Service since July 1, 1973, Rural Electrification Administration

revolving funds since May 12, 1973, and Pension Benefit Guaranty Corporation since Sept. 17, 1974.

* Less than $500,000.

Table FO-4. - Gross Obligations Incurred Outside the Federal Government, Comparative Statement by Month

Object classF.Y. 3978 F.Y. 1979

Comparable period F* 1978Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Cumulative to date .

National defense: 'Personal services and benefits:Per

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