{name: STM0P093
pages:  USER ID  : 
 DATE: 2001-06-18 TIME: 18.51.48                                                                                         PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                          TABLE 8.  TRUST FUND IMPACT ON BUDGET RESULTS AND INVESTMENT HOLDINGS (IN MILLIONS)

                                                        ACCOUNTING DATE:  05/01

                                                                            FYTD                  FYTD                  FYTD
  CLASSIFICATION                                                          RECEIPTS               OUTLAYS               EXCESS
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TRUST RECEIPTS, OUTLAYS, AND INVESTMENTS HELD:

    AIRPORT AND AIRWAY                                                              6,178                 6,158                    20
    BLACK LUNG DISABILITY                                                             307                   295                    12
    FEDERAL DISABILITY INSURANCE                                                   53,794                40,093                13,701
    FEDERAL EMPLOYEES LIFE AND HEALTH                                              ......                -1,568                 1,568
    FEDERAL EMPLOYEES RETIREMENT                                                   30,070                31,795                -1,725
    FEDERAL HOSPITAL INSURANCE                                                    112,173                92,687                19,486
    FEDERAL OLD-AGE AND SURVIVORS INSURANCE                                       331,875               244,637                87,238
    FEDERAL SUPPLEMENTARY MEDICAL INSURANCE                                        63,309                63,537                  -227
    HAZARDOUS SUBSTANCE SUPERFUND                                                     850                   801                    48
    HIGHWAYS                                                                       19,083                22,834                -3,751
    MILITARY ADVANCES                                                               6,458                 6,628                  -170
    MILITARY RETIREMENT                                                            36,010                22,629                13,381
    RAILROAD RETIREMENT                                                             4,797                 5,549                  -752
    UNEMPLOYMENT                                                                   24,911                20,193                 4,718
    VETERANS LIFE INSURANCE                                                           566                   807                  -241
    ALL OTHER TRUST                                                                 3,102                 7,387                -4,285

      ;BTOTAL TRUST FUND RECEIPTS AND OUTLAYS

       AND INVESTMENTS HELD FROM TABLE 6-D                                        693,482               564,459               129,023

  LESS: INTERFUND TRANSACTIONS                                                    201,619               201,619                ......

  ;BTRUST FUND RECEIPTS AND OUTLAYS ON THE BASIS

   OF TABLES 4 & 5                                                                491,863               362,840               129,023
  ;CTOTAL FEDERAL FUND RECEIPTS AND OUTLAYS                                       886,407               878,347                 8,060
    LESS: INTERFUND TRANSACTIONS                                                      245                   245                ......

  ;BFEDERAL FUND RECEIPTS AND OUTLAYS ON THE

   BASIS OF TABLE 4 & 5                                                           886,162               878,102                 8,060

   ;CNET BUDGET RECEIPTS & OUTLAYS                                               1,378,024             1,240,942               137,082
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{name: STM0P093
pages:  USER ID  : 
 DATE: 2001-06-18 TIME: 18.51.48                                                                                         PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                          TABLE 8.  TRUST FUND IMPACT ON BUDGET RESULTS AND INVESTMENT HOLDINGS (IN MILLIONS)

                                                        ACCOUNTING DATE:  05/01

                                                                    SEC. HELD AS INVEST.  SEC. HELD AS INVEST.  SEC. HELD AS INVEST.
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  TRUST RECEIPTS, OUTLAYS, AND INVESTMENTS HELD:

    AIRPORT AND AIRWAY                                                             13,097                13,744                13,873
    BLACK LUNG DISABILITY                                                          ......                ......                ......
    FEDERAL DISABILITY INSURANCE                                                  113,707               126,445               127,316
    FEDERAL EMPLOYEES LIFE AND HEALTH                                              28,362                29,369                29,934
    FEDERAL EMPLOYEES RETIREMENT                                                  523,200               524,523               521,471
    FEDERAL HOSPITAL INSURANCE                                                    168,859               188,703               188,389
    FEDERAL OLD-AGE AND SURVIVORS INSURANCE                                       893,519               976,216               980,716
    FEDERAL SUPPLEMENTARY MEDICAL INSURANCE                                        45,075                46,763                45,174
    HAZARDOUS SUBSTANCE SUPERFUND                                                   4,126                 4,089                 4,135
    HIGHWAYS                                                                       31,023                25,896                26,767
    MILITARY ADVANCES                                                              ......                ......                ......
    MILITARY RETIREMENT                                                           149,348               160,525               163,574
    RAILROAD RETIREMENT                                                            24,823                25,773                26,838
    UNEMPLOYMENT                                                                   86,399                81,894                91,182
    VETERANS LIFE INSURANCE                                                        13,587                13,437                13,344
    ALL OTHER TRUST                                                                14,088                14,089                14,054

      ;BTOTAL TRUST FUND RECEIPTS AND OUTLAYS

       AND INVESTMENTS HELD FROM TABLE 6-D                                      2,109,212             2,231,466             2,246,767

  LESS: INTERFUND TRANSACTIONS                                                     ......                ......                ......

  ;BTRUST FUND RECEIPTS AND OUTLAYS ON THE BASIS

   OF TABLES 4 & 5                                                                                                                   
  ;CTOTAL FEDERAL FUND RECEIPTS AND OUTLAYS                                                                                          
    LESS: INTERFUND TRANSACTIONS                                                                                                     

  ;BFEDERAL FUND RECEIPTS AND OUTLAYS ON THE

   BASIS OF TABLE 4 & 5                                                                                                              

                                            
  ;CNET BUDGET RECEIPTS & OUTLAYS                                                                                                    
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{name: STM0P093
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 DATE: 2001-06-18 TIME: 18.51.48                                                                                         PAGE   1(3)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                 TABLE 9.  SUMMARY OF RECEIPTS BY SOURCE, AND OUTLAYS BY FUNCTION OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  05/01

                                                                                               FISCAL YEAR        COMPARABLE PERIOD
  CLASSIFICATION                                                          THIS MONTH             TO DATE          PRIOR FISCAL YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  NET RECEIPTS

  INDIVIDUAL INCOME TAXES                                                          46,718               703,999               665,267
  CORPORATION INCOME TAXES                                                          5,103               110,261               113,631

  SOCIAL INSURANCE AND RETIREMENT RECEIPTS:

    EMPLOYMENT AND GENERAL RETIREMENT                                              52,210               440,324               409,464
    UNEMPLOYMENT INSURANCE                                                          8,786                21,697                21,433
    OTHER RETIREMENT                                                                  441                 3,221                 3,158
  EXCISE TAXES                                                                      4,390                42,657                43,402
  ESTATE AND GIFT TAXES                                                             2,485                20,325                20,579
  CUSTOMS DUTIES                                                                    1,501                12,800                12,471
  MISCELLANEOUS RECEIPTS                                                            3,559                22,741                29,089

        ;ATOTAL                                                                   125,194             1,378,024             1,318,493

  NET OUTLAYS

  NATIONAL DEFENSE                                                                 26,028               198,871               191,666
  INTERNATIONAL AFFAIRS                                                            -1,490                12,180                12,652
  GENERAL SCIENCE, SPACE, AND TECHNOLOGY                                            1,892                13,571                12,776
  ENERGY                                                                              -25                -1,725                -1,389
  NATURAL RESOURCES AND ENVIRONMENT                                                 2,136                15,458                14,581
  AGRICULTURE                                                                         711                22,128                28,029
  COMMERCE AND HOUSING CREDIT                                                        -907                  -884                   838
  TRANSPORTATION                                                                    4,850                32,122                29,110
  COMMUNITY AND REGIONAL DEVELOPMENT                                                  928                 7,227                 7,917
  EDUCATION, TRAINING, EMPLOYMENT AND SOCIAL SERVICES                               5,907                45,398                41,295
  HEALTH                                                                           14,954               112,543               100,245
  MEDICARE                                                                         19,601               140,588               130,449
  INCOME SECURITY                                                                  21,609               184,166               174,599
  SOCIAL SECURITY                                                                  36,275               283,842               267,723
  VETERANS BENEFITS AND SERVICES                                                    2,865                28,938                30,586
  ADMINISTRATION OF JUSTICE                                                         2,450                20,155                18,567
  GENERAL GOVERNMENT                                                                  849                 9,796                 8,476
  NET INTEREST                                                                     18,363               146,350               155,076
  UNDISTRIBUTED OFFSETTING RECEIPTS                                                -3,882               -29,782               -25,351

        ;BTOTAL                                                                   153,112             1,240,942             1,197,845
-
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MONTHLY TREASURY STATEMENT of Receipts and Outlays of the United
States Government
     
For Fiscal Year 2001 Through May 31, 2001, and Other Periods
     
HIGHLIGHT

The impact of large individual tax deposits resulted in budget receipts of  $331.8 billion and a surplus of  $189.8 billion, a record high for both
categories. 

INTRODUCTION
     
The Monthly Treasury Statement of Receipts and Outlays of the
United States Government(MTS) is prepared by the Financial
Management Service, Department of the Treasury, and after
approval by the Fiscal Assistant Secretary of the Treasury, is
normally released on the 15th workday of the month following the
reporting month. The publication is based on data provided by
Federal entities, disbursing officers, and Federal Reserve banks.
     
AUDIENCE
     
The MTS is published to meet the needs of: Those responsible for
or interested in the cash position of the Treasury; Those who are
responsible or interested in the Government's budget results; and
individuals and businesses whose operations depend upon or are
related to the Government's financial operations.
     
DISCLOSURE STATEMENT
     
This statement summarizes the financial activities of the Federal
Government and off-budget Federal entities conducted in
accordance with the Budget of the U.S. Government, i.e. receipts
and outlays of funds, the surplus or deficit, and the means of
financing the deficit or disposing of the surplus.  Information
is presented on a modified cash basis; receipts are accounted for
on the basis of collections; refunds of receipts are treated as
deductions from gross receipts; revolving and management fund
receipts, reimbursements and refunds of monies previously
expended are treated as deductions from gross outlays; and
interest on the public debt (public issues) is recognized on the
accrual basis.  Major information sources include accounting data
reported by Federal entities, disbursing officers, and Federal
Reserve banks.
     
TRIAD OF PUBLICATIONS
     
The MTS is part of a triad of Treasury financial reports.  The
Daily Treasury Statement is published each working day of the
Federal Government.  It provides data on the cash and debt
operations of the Treasury based upon reporting of the Treasury
account balances by Federal Reserve banks.  The MTS is a report
of Government receipts and outlays, based on agency reporting. 
The U.S. Government Annual Report is the official publication of
the detailed receipts and outlays of the Government.  It is
published annually in accordance with legislative mandates given
to the Secretary of the Treasury.
     
DATA SOURCES AND INFORMATION
     
The Explanatory Notes section of this publication provides
information concerning the flow of data into the MTS and sources
of information relevant to the MTS.    

FOOTNOTES
     
TABLE 1

The receipt, outlay and deficit figures differ from the 
FY 2002 Budget, released by the Office of Management and Budget on April 9, 2001, by -$525 million due mainly to revisions in the data following the release of the Final Monthly
Treasury
Statement.      
   
Note: Details may not add to totals due to rounding.

TABLE 2

These figures are based on the FY 2002 Budget, released by the Office of Management and Budget on April 9, 2001.

......  No Transactions
     
TABLE 3

These figures are based on the FY 2002 Budget, released by the Office of Management and Budget on April 9, 2001.



Note: Details may not add to totals due to rounding.

......  No Transactions

TABLE 4


......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.


TABLE 5

Includes FICA and SECA tax credits, non-contributory military service credits, special benefits for the aged, and credit for the unnegotiated OASI benefit checks.

The Postal Service accounting is composed of thirteen 28-day periods.  To conform with the MTS calendar-month reporting basis used by all other Federal agencies, the MTS reflects
USPS results
through  May 20th and estimates for $884 million through May 31st.

......  No Transactions

(**) Less than $500,000
    
Note: Details may not add to totals due to rounding.


TABLE 6
 
Effective with the current statement, the total amount outstanding for Treasury Securities, has been categorized as either "Debt Held by the Public" or "Intragovernmental
Holdings". 

Includes prior period adjustments, by the Bureau of Public Debt, for $83 million and $48 million in fiscal years 2000 and 2001, respectively.
  
Major sources of information used to determine Treasury's operating cash income include Federal Reserve Banks, the Treasury Regional Finance Centers,
the Internal Revenue Service Centers, the
Bureau of the Public Debt and various electronic systems.  Deposits are reflected as received and withdrawals are reflected as processed.

...... No Transactions

(**) Less than $500,000
    
Note: Details may not add to totals due to rounding.

TABLE 6A
 
......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
     
TABLE 6B

......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
     
TABLE 6C

Note: This table includes lending by the Federal Financing Bank
accomplished by the purchase of agency financial assets, by the
acquisition of agency debt securities, and by the direct loans on
behalf of an agency.  The Federal Financing Bank borrows from 
Treasury and issues its own securities and in turn may loan these
funds to agencies in lieu of agencies borrowing directly through
Treasury or issuing their own securities.
     
......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.



TABLE 6D

......  No Transactions
     
(* *) Less than $500,000
     
Note: Investments are in public debt securities unless otherwise noted.
     
Note: Details may not add to totals due to rounding.

TABLE 6E

Note: Federal credit programs provide benefits to the public in the form of direct loans and loan guarantees.  This table reflects cash transactions
and balances of the nonbudgetary financing
fund accounts that result from the disbursement of loans, collection of fees, repayment of principle, sale of collateral, interest, and subsidy
received from the credit program accounts at net
present value in accordance with the Credit Reform Act of 1990.   Unreimbursed costs such as administrative expenses and subsidy payments are reported
on a cash basis and included within each
programs budgetary totals in Table 5.

......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
 
TABLE 7
   
......  No Transactions
     
(* *) Less than $500,000
     
Note: Details may not add to totals due to rounding.
     
TABLE 8

Note: Interfund receipts and outlays are transactions between Federal funds and trust funds such as
Federal payments and contributions, and interest and profits on investments in Federal securities.  They
have no net effect on overall budget receipts and outlays since the receipt side of such transactions is offset against
budget outlays.  In this table, Interfund receipts are shown as an adjustment to arrive at total receipts and outlays of trust funds respectively.    
......  No Transactions

Note: Details may not add to totals due to rounding.

TABLE 9
     
Note: Details may not add to totals due to rounding.

......  No Transactions

EXPLANATORY NOTES
     
1. Flow of Data into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data
in the central accounting system.  The major sources of data
include monthly accounting reports by Federal entities and
disbursing officers, and daily reports from the Federal Reserve
banks.  These reports detail accounting transactions affecting
receipts and outlays of the Federal Government and off-budget
Federal entities, and their related effect on the assets and
liabilities of the U.S. Government.  Information is presented in
the MTS on a modified cash basis.
     
2. Notes on Receipts
     Receipts included in the report are classified into the
following major categories: (1) budget receipts and (2)
offsetting collections (also called applicable receipts).  Budget
receipts are collections from the public that result from the
exercise of the Government's sovereign or governmental powers,
excluding receipts offset against outlays.  These collections,
also called governmental receipts, consist mainly of tax receipts
(including social insurance taxes), receipts from court fines,
certain licenses, and deposits of earnings by the Federal Reserve
System.  Refunds of receipts are treated as deductions from  
gross receipts.
     Offsetting collections are from other Government accounts or
the public that are of a business-type or market-oriented nature. 
They are classified into two major categories: (1) offsetting
collections credited to appropriations or fund accounts, and (2)
offsetting receipts (i.e.,amounts deposited in receipt accounts). 
Collections credited to appropriation or fund accounts normally
can be used without appropriation action by Congress.  These
occur in two instances :(1) when authorized by law, amounts
collected for materials or services are treated as reimbursements
to appropriations and (2) in the three types of revolving   
funds (public enterprise, intra governmental, and trust);
collections are netted against spending, and outlays are reported
as the net amount.
     Offsetting receipts in receipt accounts cannot be used
without being appropriated.  They are subdivided into two
categories: (1) proprietary receipts - these collections are from
the public and they are offset against outlays by agency and by
function, and (2) intra governmental funds - these are payments
into receipt accounts from Governmental appropriation or fund
accounts. The transactions may be intrabudgetary when the payment
and receipt both occur within the budget or from receipts from
off-budget Federal entities in those cases where payment is made
by a Federal entity whose budget authority and outlays are
excluded from the budget totals.
     Intrabudgetary transactions are subdivided into three
categories: (1) interfund transactions, where the payments are
from one fund group (either Federal funds or trust funds) to a
receipt account in the other fund group; (2) Federal intrafund
transactions, where the payments and receipts both occur within
the Federal fund group; and (3) trust intrafund transactions,
where the payments and receipts both occur within the trust
fund group.
     Offsetting receipts are generally deducted from budget
authority and outlays by function, by subfunction, or by agency. 
There are four types of receipts, however, that are deducted from
budget totals as undistributed offsetting receipts.  They are:
(1) agencies' payments (including payments by off-budget Federal
entities) as employers into employees retirement funds,
(2)interest received by trust funds, (3) rents and royalties on
the Outer Continental Shelf lands, and(4) other interest (i.e.,
interest collected on Outer Continental Shelf money in deposit
funds when such money is transferred into the budget).  

3. Notes on Outlays
     Outlays are generally accounted for on the basis of checks
issued, electronic funds transferred, or cash payments made. 
Certain outlays do not require issuance of cash or checks. An
example is charges made against appropriations for that part of
employees' salaries withheld for taxes or savings bond allotments
- these are counted as payments to the employee and credits for
whatever purpose the money was withheld.  Outlays are stated net
of offsetting collections (including receipts of revolving and
management funds) and of refunds.  Interest on the public debt
(public issues) is recognized on the accrual basis.  Federal
credit programs subject to the Federal Credit Reform Act of
1990 use the cash basis of accounting and are divided into two
components.  The portion of the credit activities that involve a
cost to the Government (mainly subsidies) is included within the
budget program accounts.  The remaining portion of the credit
activities are in non-budget financing accounts.  Outlays of
off-budget Federal entities are excluded by law from budget
totals.  However, they are shown separately and combined with the
on-budget outlays to display total Federal outlays.
     
4. Processing
     The data on payments and collections are reported by account
symbol into the central accounting system.  In turn, the data are
extracted from this system for use in the preparation of the MTS.
     There are two major checks which are conducted to assure
consistency of the data reported:
1. Verification of payment data.  The monthly payment activity
reported by Federal entities on the Statements of Transactions is
compared to the payment activity of Federal entities as reported
by disbursing officers.
2. Verification of collection data.  Reported collections
appearing on Statements of Transactions are compared to deposits
as reported by Federal Reserve Banks.
     
5. Other Sources of Information About Federal Government
     Financial Activities
       A Glossary of Terms Used in the Federal Budget Process,
January 1993.  This glossary provides a basic reference document
of standardized definitions of terms used by the Federal
Government in the budget making process.
     
       Daily Treasury Statement. The Daily Treasury Statement is
published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.
     
       Monthly Statement of the Public Debt.  This publication
provides detailed information concerning the public debt.
     
       Treasury Bulletin.  Quarterly.  Contains a mix of
narrative, tables, and charts on Treasury issues, Federal
financial operations, international statistics, and special
reports.
     
       Budget of the United States Government, Fiscal Year 20__. 
This publication is a single volume which provides budget
information and contains:
          -Appendix, The Budget of the United States  
Government, FY 20__
          -The United States Budget in Brief, FY 20__
          -Special Analyses
          -Historical Tables
          -Management of the United States Government
          -Major Policy Initiatives
                                                            
     
       United States Government Annual Report and Appendix.  This
annual report represents budgetary results at the summary level. 
The appendix presents the individual receipt and appropriation
accounts at the detail level.
     
SCHEDULED RELEASE

The release date for the June 2001 Statement will be 2:00 pm EST July 20, 2001.





0}