{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   1(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;CTOTAL LIABILITY ACCOUNTS                                                  56,044               359,137               357,569

  ;CASSET ACCOUNTS (DEDUCT)
    CASH AND MONETARY ASSETS:
      U.S. TREASURY OPERATING CASH:

        FEDERAL RESERVE ACCOUNT                                                    -1,116                -2,308                -1,523
        TAX AND LOAN NOTE ACCOUNTS                                                 -8,881                 1,966               -14,254

          ;ABALANCE                                                                -9,997                  -342               -15,777

      SPECIAL DRAWING RIGHTS:

        TOTAL HOLDINGS                                                                -73                   524                   -64
        SDR CERTIFICATES ISSUED TO FEDERAL RESERVE BANKS                           ......                ......                ......

          ;ABALANCE                                                                   -73                   524                   -64

      RESERVE POSITION ON THE U.S. QUOTA IN THE IMF:
        U.S. SUBSCRIPTION TO INTERNATIONAL MONETARY FUND:

          DIRECT QUOTA PAYMENTS                                                    ......                ......                ......
          MAINTENANCE OF VALUE ADJUSTMENTS                                           -315                 1,039                 2,573
        LETTER OF CREDIT ISSUED TO IMF                                               -582                -5,188                   781
        DOLLAR DEPOSITS WITH THE IMF                                                    9                    19                    -9

        RECEIVABLE/PAYABLE (-) FOR INTERIM MAINTENANCE

         OF VALUE ADJUSTMENTS                                                         205                  -544                -1,465

          ;ABALANCE                                                                  -683                -4,675                 1,879

      LOANS TO INTERNATIONAL MONETARY FUND                                         ......                ......                ......
      OTHER CASH AND MONETARY ASSETS                                                  565               -22,799                32,077

        ;CTOTAL CASH AND MONETARY ASSETS                                          -10,187               -27,291                18,116

    ;CNON-FEDERAL SECURITIES OF THE NATIONAL RAILROAD

     RETIREMENT INVESTMENT TRUST                                                     -437                 2,743                21,137
    NET ACTIVITY, GUARANTEED LOAN FINANCING                                        -1,378                -6,601                 1,930
    NET ACTIVITY, DIRECT LOAN FINANCING                                              -487                -4,887                -3,716
    MISCELLANEOUS ASSET ACCOUNTS                                                     -626                  -116                -3,430

       ;CTOTAL ASSET ACCOUNTS                                                     -13,116               -36,153                34,036
0}
{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   2(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                          NET TRANS             NET TRANS             NET TRANS
  CLASSIFICATION                                                         THIS MONTH          FYTD THIS YEAR        FYTD PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  ;CEXCESS OF LIABILITIES (+) OR ASSETS (-)                                        69,160               395,290               323,533

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS

   OR DEFICIT (SEE SCHEDULE A FOR DETAILS)                                           (**)                   487                   421

  ;CTOTAL BUDGET AND OFF-BUDGET FEDERAL ENTITIES
   (FINANCING OF DEFICIT (+) OR DISPOSITION OF

    SURPLUS (-))                                                                   69,160               395,777               323,954
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{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   3(1)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  LIABILITY ACCOUNTS:
    BORROWING FROM THE PUBLIC:
      TREASURY SECURITIES, ISSUED UNDER GENERAL
       FINANCING AUTHORITIES:

        DEBT HELD BY THE PUBLIC                                                 3,924,090             4,218,910             4,267,913
        INTRAGOVERNMENTAL HOLDINGS                                              2,859,230             3,055,425             3,048,654

          ;BTOTAL TREASURY SECURITIES OUTSTANDING                               6,783,320             7,274,335             7,316,568

            ;CPLUS PREMIUM ON TREASURY SECURITIES                                   4,181                 4,111                 4,061
            LESS DISCOUNT ON TREASURY SECURITIES                                   54,731                54,332                54,701

              ;CTOTAL TREASURY SECURITIES NET OF

               PREMIUM AND DISCOUNT                                             6,732,770             7,224,114             7,265,928

      ;CAGENCY SECURITIES, ISSUED UNDER SPECIAL FINANCING
       AUTHORITIES (SEE SCHEDULE B. FOR OTHER AGENCY

        BORROWING, SEE SCHEDULE C)                                                 25,952                24,221                24,035

        ;CTOTAL FEDERAL SECURITIES                                              6,758,722             7,248,335             7,289,964

          ;CDEDUCT:
            FEDERAL SECURITIES HELD AS INVESTMENTS

             OF GOVERNMENT ACCOUNTS (SEE SCHEDULE D)                            2,859,291             3,055,601             3,049,266

              LESS DISCOUNT ON FEDERAL SECURITIES HELD AS

               INVESTMENTS OF GOVERNMENT ACCOUNTS                                  13,860                16,872                16,692

                ;BNET FEDERAL SECURITIES HELD AS INVESTMENTS

                 OF GOVERNMENT ACCOUNTS                                         2,845,430             3,038,730             3,032,574
                  ;CTOTAL BORROWING FROM THE PUBLIC                             3,913,291             4,209,605             4,257,390

    ;CACCRUED INTEREST PAYABLE TO THE PUBLIC                                       31,806                33,247                39,969
    ALLOCATIONS OF SPECIAL DRAWING RIGHTS                                           7,005                 7,184                 7,142
    DEPOSIT FUNDS                                                                   9,941                13,229                13,048

    MISCELLANEOUS LIABILITY ACCOUNTS (INCLUDES CHECKS

     OUTSTANDING ETC.)                                                              8,568                10,439                12,199
-}
{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   1(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________

       ;CTOTAL LIABILITY ACCOUNTS                                               3,970,611             4,273,704             4,329,748

  ;CASSET ACCOUNTS (DEDUCT)
    CASH AND MONETARY ASSETS:
      U.S. TREASURY OPERATING CASH:

        FEDERAL RESERVE ACCOUNT                                                     7,224                 6,032                 4,917
        TAX AND LOAN NOTE ACCOUNTS                                                 27,735                38,582                29,701

          ;ABALANCE                                                                34,960                44,615                34,618

      SPECIAL DRAWING RIGHTS:

        TOTAL HOLDINGS                                                             12,062                12,659                12,586
        SDR CERTIFICATES ISSUED TO FEDERAL RESERVE BANKS                           -2,200                -2,200                -2,200

          ;ABALANCE                                                                 9,862                10,459                10,386

      RESERVE POSITION ON THE U.S. QUOTA IN THE IMF:
        U.S. SUBSCRIPTION TO INTERNATIONAL MONETARY FUND:

          DIRECT QUOTA PAYMENTS                                                    46,525                46,525                46,525
          MAINTENANCE OF VALUE ADJUSTMENTS                                          6,591                 7,944                 7,630
        LETTER OF CREDIT ISSUED TO IMF                                            -27,955               -32,561               -33,143
        DOLLAR DEPOSITS WITH THE IMF                                                 -128                  -118                  -109

        RECEIVABLE/PAYABLE (-) FOR INTERIM MAINTENANCE

         OF VALUE ADJUSTMENTS                                                        -961                -1,709                -1,504

          ;ABALANCE                                                                24,072                20,080                19,397

      LOANS TO INTERNATIONAL MONETARY FUND                                         ......                ......                ......
      OTHER CASH AND MONETARY ASSETS                                               47,137                23,773                24,339

        ;CTOTAL CASH AND MONETARY ASSETS                                          116,031                98,928                88,740

    ;CNON-FEDERAL SECURITIES OF THE NATIONAL RAILROAD

     RETIREMENT INVESTMENT TRUST                                                   21,701                24,881                24,443
    NET ACTIVITY, GUARANTEED LOAN FINANCING                                       -15,555               -20,779               -22,157
    NET ACTIVITY, DIRECT LOAN FINANCING                                           145,801               141,401               140,914
    MISCELLANEOUS ASSET ACCOUNTS                                                      -55                   455                  -171

       ;CTOTAL ASSET ACCOUNTS                                                     267,922               244,885               231,769
0}
{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   2(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6.  MEANS OF FINANCING THE DEFICIT OR DISPOSITION OF SURPLUS BY THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                      ACCOUNT BALANCES      ACCOUNT BALANCES      ACCOUNT BALANCES
  CLASSIFICATION                                                      BEG. OF THIS YEAR    BEG. OF THIS MONTH    CLOSE OF THIS MONTH
+ _________________________________________________________________ _____________________ _____________________ _____________________
  ;CEXCESS OF LIABILITIES (+) OR ASSETS (-)                                     3,702,689             4,028,819             4,097,979

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS

   OR DEFICIT (SEE SCHEDULE A FOR DETAILS)                                         ......                   487                   487

  ;CTOTAL BUDGET AND OFF-BUDGET FEDERAL ENTITIES
   (FINANCING OF DEFICIT (+) OR DISPOSITION OF

    SURPLUS (-))                                                                3,702,689             4,029,306             4,098,466
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{name: STM0P087
pages:  USER ID  :     
 DATE: 2004-08-09 TIME: 18.01.32                                                                                         PAGE   3(2)
1                                                    FINANCIAL MANAGEMENT SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
                TABLE 6. SCHEDULE A - ANALYSIS OF CHANGE IN EXCESS OF LIABILITIES OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  07/04

                                                                                           FISCAL YEAR TO DATE   FISCAL YEAR TO DATE
  CLASSIFICATION                                                          THIS MONTH            THIS YEAR             PRIOR YEAR
+ _________________________________________________________________ _____________________ _____________________ _____________________
  EXCESS OF LIABILITIES BEGINNING OF PERIOD:
    BASED ON COMPOSITION OF UNIFIED BUDGET IN

     PRECEDING PERIOD                                                           4,028,819             3,702,517             3,330,364

      ADJUSTMENTS DURING CURRENT FISCAL YEAR FOR
       CHANGES IN COMPOSITION OF UNIFIED BUDGET:

  -                                                                                ......                ......                ......
        REVISIONS BY FEDERAL AGENCIES TO THE PRIOR BUDGET RESULTS                    (**)                   171                -1,395
  -                                                                                ......                ......                ......
  -                                                                                ......                ......                ......
  EXCESS OF LIABILITIES BEGINNING OF PERIOD (CURRENT BASIS)                     4,028,819             3,702,689             3,328,969

  ;CBUDGET SURPLUS (-) OR DEFICIT:

        BASED ON COMPOSITION OF UNIFIED BUDGET IN PRIOR FISCAL YR                  69,160               395,777               323,954

        CHANGES IN COMPOSITION OF UNIFIED BUDGET                                   ......                ......                ......

  TOTAL SURPLUS (-) OR DEFICIT (TABLE 2)                                           69,160               395,777               323,954
    ;CTOTAL-ON-BUDGET (TABLE 2)                                                    73,058               544,934               480,302
    ;CTOTAL-OFF-BUDGET (TABLE 2)                                                   -3,899              -149,157              -156,348

  ;CTRANSACTIONS NOT APPLIED TO CURRENT YEAR'S SURPLUS OR DEFICIT:

    SEIGNIORAGE                                                                    ......                  -486                  -467
    PREMIUM/DISCOUNT ON BUYBACK OF U.S. TREASURY SECURITIES                        ......                ......                ......
    PROFIT ON SALE OF GOLD                                                         ......                    -1                    -5
    RECLASSIFICATION OF AGED UNRECONCILED ACCOUNTS                                   (**)                  (**)                    51
    OTHER                                                                          ......                ......                ......

      ;BTOTAL-TRANSACTIONS NOT APPLIED TO CURRENT YEAR'S

       SURPLUS OR DEFICIT                                                            (**)                  -487                  -421
  ;CEXCESS OF LIABILITIES CLOSE OF PERIOD                                       4,097,979             4,097,979             3,652,502
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