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TRUST FUNDS
AS OF THE CLOSE OF FISCAL 2003
(Revised 12/29/2003)

2001

2002

1 thru 143 make up the "Intragovernmental Holdings" portion of the national debt.

ENTITLEMENTS
(IN MILLIONS)

1.	Federal Old Age & Survivors Insurance (Social Security)..............	$1,313,427
2.	Federal Disability Insurance (Social Security).................................	$170,762
3.	Federal Hospital Insurance (Medicare)..........................................	$251,307
4.	Federal Supplementary Medical Insurance (Medicare).....................	$24,849
5.	Federal Employees Retirement and Disability................................	$614,613
6.	Airports & Airways.......................................................................	$10,518
7.	Cheyenne River Sioux Tribe Terrestial Wildlife Habitat Restore.....	$20
8.	Contributors, American Battle Monuments Commission.................	$57
9.	Harbor Maintenance.....................................................................	$1,943
10.	Highway Trust Fund.....................................................................	$13,578
11.	Inland Waterways Trust Fund......................................................	$384
12.	Lower Brute Sioux Tribe Wildlife Habitat Restoration..................	$7
13.	Native American Institutions Endowment......................................	$41
14.	Railroad Retirement Account........................................................	$503
15.	Social Security Equivalent Benefit Account, Railroad Retirement..	$876
16.	Tribal Special Fund, Office of the Special Trustee, Indian Affairs.	$133
17.	Unemployment Trust Fund......................................................	$46,188
18.	Veterans Life Insurance Fund.....................................................	$13,152
19.	Military Retirement......................................................................	$172,362
20.	Claims Court Judges Retirement Fund.........................................	$11
21.	District of Columbia Judges Retirement Fund...............................	$94
22.	Judicial Officers Retirement Fund...............................................	$172
23.	Judicial Survivors Annuities Fund................................................	$424
24.	Tax Court Judges Survivors Annuity Fund...................................	$6

	TOTAL Entitlements.................................................................	$2,635,427

PERKS & OTHERS
(IN MILLIONS)

25.	Abandoned Mines Reclamation Fund...........................................	$1,927
26.	Albanian Claims Fund.................................................................	$1
27.	Aquatic Resources Trust Fund....................................................	$1,416
28.	Armed Forces Retirement Home Trust Fund...............................	$88
29.	Assessment Funds, Office of the Comptroller of the Currency......	$421
30.	Assets Forfeiture Fund, Justice...................................................	$546
31.	Bank Insurance Fund.................................................................	$31,054
32.	Bequests & Gifts, Disaster Relief, Funds Appropriated to President	$2
33.	Bequests of Maj.Gen.Ainsworth, Library, Walter Reed Gen.Hosp.	*
34.	Capitol Preservation Fund..........................................................	$68
35.	Christopher Columbus Scholarship Fund.....................................	$3
36.	Coast Guard General Gift Fund..................................................	$1
37.	Belize Escrow, Debt Reduction.................................................	$1
38.	Community Development Credit Union Revolving Fund...............	$9
39.	Conditional Gift Fund, General, Dept. of State.............................	$4
40.	Court of Veterans Appeals Retirement Fund..............................	$8
41.	Defense Cooperation Account, Dept. of Defense.......................	$1,008
42.	Dept. of Defense, Education Benefits Fund................................	$18,445
43.	Dept. of Air Force General Gift Fund........................................	$1
44.	Dept. of Army General Gift Fund..............................................	$1
45.	Dept. of Navy General Gift Fund..............................................	$2
46.	District of Columbia Pension Liability Trust Fund.......................	$2,071
47.	Eisenhower Exchange Fellowship Program...............................	$8
48.	Employees Health Benefits Fund, Office of Personnel Mgmt.....	$9,034
49.	Employees Life Insurance Fund, Office of Personnel Mgmt......	$26,778
50.	Endeavor Teacher Fellowship Trust Fund................................	$1
51.	Expenses & Refunds, grading farm products............................	$36
52.	Environmental Improvement and Restoration...........................	$978
53.	Esther Cattel Schmitt Gift Fund..............................................	*
54.	Exchange Stabilization Fund, Treasury....................................	$10,502
55.	Expenses, Presidio Trust.......................................................	$122
56.	Farm Credit Insurance, Capital Corp. Investment Fund...........	$1,810
57.	Federal Aid to Wildlife Restoration, Fish & Wildlife Service....	$425
58.	FHA - General and Special Risk Insurance, HUD...................	$4
59.	FHA - Liquidating Account, HUD.........................................	$23,819
60.	Federal Supplemental District of Columbia Pension Fund.........	$1,649
61.	Land Between the Lakes trust fund.......................................	$3
62.	Foreign Service Retirement and Disability Fund.......................	$12,289
63.	FSLIC Resolution Fund.........................................................	$2,963
64.	General Post Fund, National Homes, Dept. of Vet. Affairs.....	$62
65.	German Democratic Republic Settlement Fund.......................	$5
66.	Gifts & Bequests, Office of the Secretary, Dept. of Transp....	*
67.	Gifts & Bequests, Treasury..................................................	$1
68.	Gifts & Donations, National Endowment for the Humanities....	$1
69.	Gifts & Donations, National Endowment of the Arts................	*
70.	Guarantees of Mortgage Backed Securities Fund, HUD...........	$7,241
71.	Harry S. Truman Memorial Scholarship Trust Fund..................	$55
72.	Gifts, Central Intelligence Agency.............................................	*
73.	Host Nation Support, US Relocation Activities Account...........	$3
74.	Lincoln County Land Act.......................................................	*
75.	Iranium Claims Settlement Fund, Treasury..............................	*
76.	Israeli Arab Scholarship Fund, Treasury.................................	$4
77.	James Madison Memorial Fellowship Foundation Fund.............	$37
78.	Japan-US Friendship Trust Fund.............................................	$40
79.	John C. Stennis Center, Public Service Training & Development	$10
80.	Kennedy Center Revenue Bond Sinking Fund..........................	$6
81.	Leaking Underground Storage Tank Trust Fund.......................	$2,036
82.	Library of Congress Gift Fund................................................	$7
83.	Library of Congress Trust Fund.............................................	$36
84.	Morris K. Udahl Scholarship Trust Fund.................................	$26
85.	National Archives Trust Fund.................................................	$10
86.	National Credit Union Share Insurance Fund...........................	$5,707
87.	National Gift Fund, National Archives & Records Admin........	$4
88.	National Institutes of Health Conditional Gift Fund...................	$4
89.	National Institutes of Health Unconditional Gift Fund...............	$18
90.	National Security Education Trust Fund..................................	$25
91.	National Service Life Insurance Fund, Veterans Affairs..........	$11,246
92.	National Service Trust, Corp. for National & Community Serv	$228
93.	National Resource Damage Assessment & Restoration..........	$153
94.	National Waste Disposal Fund, Dept. of Energy.....................	$25,881
95.	Oil Spill Liability Trust Fund..................................................	$955
96.	Oliver Wendell Holmes Devise Fund, Library of Congress......	*
97.	Operating Fund, national Credit Union Administration.............	$35
98.	Operation & Maintenance, Indian Irrigation...........................	$28
99.	Overseas Private Investment Corp........................................	$3,656
100.	Panama Canal Commission Compensation Fund....................	$78
101.	Panama Canal Commission Dissolution Fund.........................	$1
102.	Patients Benefit Fund, National Institute of Health..................	*
103.	Payments to Copyright Owners, Library of Congress.............	$793
104.	Pension Benefit Guaranty Corporation..................................	$12,937
105.	Postal Service Fund.............................................................	$2,651
106.	Power Systems, Indian Irrigation Projects..............................	$40
107.	Preservation, Birthplace of Abraham Lincoln.........................	*
108.	Prison Industires Fund, Dept. of Justice.................................	$162
109.	Public Enterprise Revolving Fund, Treasury...........................	$181
110.	Public Health Service Conditional Gift Fund...........................	$3
111.	Public Health Service Unconditional Gift Fund.......................	*
112.	Relief & Rehabilitation, Longshoremens & Harbor Wkr Comp	$84
113.	Relief & Rehabilitation, Workmens Comp. D.C. Dept.of Labor	$5
114.	Marketing Services, Agricultural...........................................	*
115.	Retired Employees Health Benefits Fund, Personnel Dept.....	$2
116.	Revolving Fund for Administrative Expenses, Farm Credit	$20
117.	Ricky Ray Hemophilia Relief Fund.....................................	$89
118.	Saving Association Insurance Fund......................................	$11,423
119.	Science, Space & Technology Education, NASA.................	$13
120.	Seized Currency, US Customs Service................................	$344
121.	Servicmens Group Life Insurance Fund...............................	$6
122.	S.Dakota Terrestrial Wildlife Habitat Restoration.................	$53
123.	Southern Nevada Public Land Management Act of 1998.....	$336
124.	Treasury Forfeiture Fund...................................................	$183
125.	The Barry Goldwater Scholarship & Excellence in Education	$65
126.	Unconditional Gift Fund, State Department..........................	**gone
127.	United States Enrichment Corporation Trust........................	$1,302
128.	US Government Life insurance Fund, Veterans Affairs........	$56
129.	US Naval Academy General Gift Fund................................	$7
130.	US Trustee System Fund, Justice........................................	$222
131.	Uranium Enrichment & Decommissioning Fund, Dept.Energy	$3,410
132.	Utah Reclamation Mitigation & Conservation Account	$129
133.	Vaccine injury Compensation.............................................	$1,896
134.	Veterans Special Life Insurance Fund................................	$1,850
135.	Veitnam Claims Fund........................................................	*
136.	Voluntary Separation Incentive Fund, Defense....................	$763
137.	War-Risk Insurance Revolving Fund, Maritime Admin........	$36
138.	Nationl Flood Insurance Fund - FEMA..............................	$580
139.	Open World Leadership Center Trust Fund........................	$6
140.	United States Information Agency trust fund......................	*
141.	Veterans Reopened Insurance Fund..................................	$460
142.	Black Lung Disability........................................................	*
143.	Aviation Insurance Revolving Fund...................................	$197

	TOTAL Perks & Others.................................................	$223,713

	COMBINED TOTAL ...................................................	$2,856,634

* Less than one million
** The Unconditional Gift Fund, State Dept. held $89 billion last year.

COMBINED TOTAL = $2.857 Trillion = 42% of National Debt

ENTITLEMENTS ACCOUNT FOR 39% of National Debt and 92% of Intragovernmental Holdings

SOCIAL SECURITY ALONE IS 21.3 % OF THE NATIONAL DEBT

All of the 143 trust funds above hold nothing but special obligation nonmarketable (bogus) Treasury bonds. They never hold any real money. When needed, these markers will be turned in for cash from the Treasury's General Fund of current receipts from personal and corporate income taxes or legitimate borrowing.

Surplus entitlement payments remain in the General Fund until spent by Congress and the Administration, at which time bogus bonds are deposited in these black hole debit accounts. Each account is then awarded annual interest without any cash involved.

These accounts are what the government calls "Intragovernmental Holdings" to carry out the fiction of having merely borrowed the entitlement money.

But the story doesn't stop there. The federal government has at least 14 real trust funds that it reports along with the above but labels as "Public Debt" because they are real and they don't know where else to put them. These funds hold positive negotiable assets, real money, and are not debt.

REAL TRUSTS
(IN MILLIONS)

144.	Custodial Tribal Fund, Office of special trustee for Indians...............	$463
145.	Deposits, Outer Continental Shelf Lands Act, Minerals Mgmt, Bids	$25
146.	Escrow Account, National Labor Relations Board..........................	$15
147.	Federal Ship Financing Escrow Fund, Maritime Admin...................	$110
148.	Hazardous Substance Superfund...................................................	$2,506
149.	Kuukpik Alaska Escrow Fund.......................................................	$35
150.	Payments of Alleged Violators of Dept. of Energy Regulations.........	$261
151.	Seized Assets Fund, Justice............................................................	$522
152.	Smithsonian Endowment Fund........................................................	$1
153.	Special Investment Fund................................................................	$808
154.	Thrift Savings fund, Federal Retirement..........................................	$51,133
155.	Treasury Deposit Funds................................................................	$21
156.	Unearned Copyright Fees, Library of Congress.............................	$3
157.	Wage, Hour, and Public Contracts Restitution Fund, Labor...........	$2
158.	Proceeds of Lands Withdrawn for Native Selection........................	$1
159.	Individual Indian Money, Bureau of Indian Affairs..........................	$22

	Total............................................................................................	$55,928

* Less than one million

EARLIER LISTS: 2002, 2001