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TRUST FUNDS
AS OF THE CLOSE OF FISCAL 2003

2001

2002

1 thru 144 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

	.TOTAL Entitlements.................................................................	$2,634,720

PERKS & OTHERS
(IN MILLIONS)

21.	Abandoned Mines Reclamation Fund...........................................	$1,927
22.	Albanian Claims Fund.................................................................	$1
23.	Aquatic Resources Trust Fund....................................................	$1,416
24.	Armed Forces Retirement Home Trust Fund...............................	$88
25.	Assessment Funds, Office of the Comptroller of the Currency......	$421
26.	Assets Forfeiture Fund, Justice...................................................	$546
27.	Bank Insurance Fund.................................................................	$31,054
28.	Bequests & Gifts, Disaster Relief, Funds Appropriated to President	$2
29.	Bequests of Maj.Gen.Ainsworth, Library, Walter Reed Gen.Hosp.	*
30.	Capitol Preservation Fund..........................................................	$68
31.	Christopher Columbus Scholarship Fund.....................................	$3
32.	Claims Court Judges Retirement Fund........................................	$11
33.	Coast Guard General Gift Fund..................................................	$1
34.	Belize Escrow, Debt Reduction..................................................	$1
35.	Community Development Credit Union Revolving Fund...............	$9
36.	Conditional Gift Fund, General, Dept. of State.............................	$4
37.	Court of Veterans Appeals Retirement Fund...............................	$8
38.	Defense Cooperation Account, Dept. of Defense........................	$1,008
39.	Dept. of Defense, Education Benefits Fund.................................	$18,445
40.	Dept. of Air Force General Gift Fund.........................................	$1
41.	Dept. of Army General Gift Fund...............................................	$1
42.	Dept. of Navy General Gift Fund...............................................	$2
43.	District of Columbia Judges Retirement Fund..............................	$94
44.	District of Columbia Pension Liability Trust Fund........................	$2,071
45.	Eisenhower Exchange Fellowship Program................................	$8
46.	Employees Health Benefits Fund, Office of Personnel Mgmt......	$9,034
47.	Employees Life Insurance Fund, Office of Personnel Mgmt.......	$26,778
48.	Endeavor Teacher Fellowship Trust Fund..................................	$1
49.	Expenses & Refunds, grading farm products.............................	$36
50.	Environmental Improvement and Restoration.............................	$978
51.	Esther Cattell Schmitt Gift Fund................................................	*
52.	Exchange Stabilization Fund, Treasury.......................................	$10,502
53.	Expenses, Presidio Trust...........................................................	$122
54.	Farm Credit Insurance, Capital Corporation Investment Fund....	$1,810
55.	Federal Aid to Wildlife Restoration, Fish & Wildlife Service......	$452
56.	FHA - General and Special Risk Insurance, HUD.....................	$4
57.	FHA - Liquidating Account, HUD............................................	$23,819
58.	Federal Supplemental District of Columbia Pension Fund..........	$1,649
59.	Land Between the Lakes trust fund.........................................	$3
60.	Foreign Service Retirement and Disability Fund........................	$12,289
61.	FSLIC Resolution Fund...........................................................	$2,963
62.	General Post Fund, National Homes, Dept. of Vet. Affairs........	$62
63.	German Democratic Republic Settlement Fund.........................	$5
64.	Gifts & Bequests, Office of the Secretary, Dept. of Transp.	*
65.	Gifts & Bequests, Treasury......................................................	$1
66.	Gifts & Donations, National Endowment for the Humanities.......	$1
67.	Gifts & Donations, National Endowment of the Arts..................	*
68.	Guarantees of Mortgage Backed Securities Fund, HUD............	$7,241
69.	Harry S. Truman Memorial Scholarship Trust Fund...................	$55
70.	Hazardous Substance Superfund..............................................	$2,506
71.	Host Nation Support, US Relocation Activities Account............	$3
72.	Lincoln County Land Act........................................................	*
73.	Iranian Claims Settlement Fund, Treasury................................	*
74.	Israeli Arab Scholarship Fund, Treasury..................................	$4
75.	James Madison Memorial Fellowship Foundation Fund..............	$37
76.	Japan-US Friendship Trust Fund..............................................	$40
77.	John C. Stennis Center, Public Service Training & Developmnt	$10
78.	Judicial Officers Retirement Fund...........................................	$172
79.	Judicial Survivors Annuities Fund.............................................	$424
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.	Tax Court Judges Survivors Annuity Fund..........................	$6
125.	Treasury Forfeiture Fund...................................................	$183
126.	The Barry Goldwater Scholarship & Excellence in Education	$65
127.	Unconditional Gift Fund, State Department..........................	**gone
128.	United States Enrichment Corporation Trust........................	$1,302
129.	US Government Life insurance Fund, Veterans Affairs........	$56
130.	US Naval Academy General Gift Fund................................	$7
131.	US Trustee System Fund, Justice........................................	$222
132.	Uranium Enrichment & Decommissioning Fund, Dept.Energy	$3,410
133.	Utah Reclamation Mitigation & Conservation Account	$129
134.	Vaccine injury Compensation.............................................	$1,896
135.	Veterans Special Life Insurance Fund................................	$1,850
136.	Veitnam Claims Fund........................................................	*
137.	Voluntary Separation Incentive Fund, Defense....................	$763
138.	War-Risk Insurance Revolving Fund, Maritime Admin........	$36
139.	Nationl Flood Insurance Fund - FEMA..............................	$580
140.	Open World Leadership Center Trust Fund........................	$6
141.	United States Information Agency trust fund......................	*
142.	Veterans Reopened Insurance Fund..................................	$460
143.	Black Lung Disability........................................................	*
144.	Aviation Insurance Revolving Fund...................................	$197

	TOTAL Perks & Others.................................................	$224,420
	COMBINED TOTAL ...................................................	$2,859,140

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

COMBINED TOTAL = $2.859 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 144 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 income and corporate taxes.

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 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)

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

	Total............................................................................................	$53,422

* Less than one million

EARLIER LISTS: 2002, 2001