trusts list 2006

(Note: This list is not the way the U.S. Treasury reports trust funds. I have reorganized this list in order to group entitlements and show how much of the total they hold.)

2001

INTRAGOVERNMENTAL HOLDINGS
AS OF THE CLOSE OF FISCAL 2006

2002

2003
2004
2005

ENTITLEMENTS
(IN MILLIONS)

#	NAME	AMOUNT
1.	Federal Old Age & Survivors Insurance Trust (Social Security)	$1,793,129
2.	Federal Disability Insurance Trust (Social Security)	$202,178
3.	Federal Hospital Insurance Trust (Medicare)	$302,186
4.	Federal Supplementary Medical Insurance Trust (Medicare)	$33,061
5.	Federal Employees Retirement and Disability	$704,523
6.	Federal Employees Life & Health Insurance Trust Fund (2 trusts)	$46,107
7.	Airports & Airways	$7,893
8.	Highway Trust Fund	$10,998
9.	Unemployment Trust Fund	$66,213
10.	Inland Waterways Trust Fund	$261
11.	Harbor Maintenance Trust Fund	$3,164
12.	Military Retirement Trust Fund	$181,810
13.	Veterans Life Insurance Fund	$1,960
14.	Armed Forces Retirement Home Trust Fund	$139
15.	Pension Benefit Guaranty Corp. Trust Fund	$36,635
	National Flood Insurance Trust Fund (FEMA) GONE	$784
16.	Railroad Retirement Account	$477
17.	Social Security Equivalent Benefit Account, Railroad Retirement	$724
18.	Dept. of Defense Medicare Eligible Retiree Fund	$72,740
19.	District of Columbia Pension Liability Trust Fund	$3,609
	Federal Supplemental District of Columbia Pension Fund GONE	$1,971
20.	Foreign Service Retirement and Disability Fund	$13,876
21.	Cheyenne River Sioux Tribe Terrestial Wildlife Habitat Restore	$33
22.	Contributors, American Battle Monuments Commission	*
23.	Lower Brute Sioux Tribe Wildlife Habitat Restoration	$12
24.	Native American Institutions Endowment	$76
25.	Tribal Special Fund, Office of the Special Trustee, Indian Affairs.	$24
26.	Claims Court Judges Retirement Fund	$14
27.	District of Columbia Judges Retirement Fund	$112
28.	Judicial Officers Retirement Fund	$219
29.	Judicial Survivors Annuities Fund	$470
30.	Tax Court Judges Survivors Annuity Fund	$9
31.	Tribal Trust Fund, Office of the Special Trustee for Amer. Indians	$31

	TOTAL Entitlements (95% of "Intragovernmental Holdings")	$3,482,683

COMBINED
Social Sec.
$1,995,307
Medicare
$335,247

* less than one million
"GONE" shows the balance from 2005 and that amount is not counted in the total. See: "The Truth About IH Trust Funds" to understand what happens when trusts are drawn down.

PERKS & OTHERS
(in millions)

32.	Abandoned Mines Reclamation Fund...........................................	$2,266
33.	Albanian Claims Fund.................................................................	$1
34.	Assessment Funds, Office of the Comptroller of the Currency......	$705
35.	Assets Forfeiture Fund, Justice...................................................	$686
36.	Aviation Insurance Revolving Fund...................................	$698
	Bank Insurance Fund...................................................... GONE	$32,733
37.	Bequests & Gifts, Disaster Relief, Funds Appropriated to President	$37
38.	Bequests of Maj.Gen.Ainsworth, Library, Walter Reed Gen.Hosp.	*
39.	Belize Escrow, Debt Reduction.................................................	$1
40.	Botanic Gardens, Gifts and Donations.........................................	$1
41.	Capitol Preservation Fund..........................................................	$10
42.	Christopher Columbus Scholarship Fund.....................................	$1
43.	Coast Guard General Gift Fund..................................................	$1
44.	Community Development Credit Union Revolving Fund...............	$9
45.	NEW Conditional Gift Fund, General Department of State	$4
46.	Court of Veterans Appeals Retirement Fund..............................	$13
47.	NEW Defense Cooperation Account	$6
48.	Dept. of Defense, Education Benefits Fund................................	$1,231
49.	Dept. of Air Force General Gift Fund........................................	$1
50.	Dept. of Army General Gift Fund..............................................	$3
51.	Dept. of Navy General Gift Fund..............................................	$2
52.	NEW Deposit Insurance Fund	$46,216
53.	Eisenhower Exchange Fellowship Program...............................	$8
54.	Endeavor Teacher Fellowship Trust Fund................................	$1
55.	Energy Employees Occupational Illness Compensation...	$83
56.	Environmental Improvement and Restoration...........................	$1,051
57.	Esther Cattel Schmitt Gift Fund..............................................	*
58.	Exchange Stabilization Fund, Treasury....................................	$15,711
59.	Expenses, Presidio Trust.......................................................	$103
60.	Farm Credit Insurance, Capital Corp. Investment Fund...........	$2,088
61.	Federal Aid to Wildlife Restoration, Fish & Wildlife Service....	$471
62.	FHA - General and Special Risk Insurance, HUD...................	$6
63.	FHA - Liquidating Account, HUD.........................................	$22,030
64.	FSLIC Resolution Fund.........................................................	$3,029
65.	General Post Fund, National Homes, Dept. of Vet. Affairs.....	$66
66.	German Democratic Republic Settlement Fund.......................	$5
67.	Gifts & Bequests, Office of the Secretary, Dept. of Transp....	*
68.	Gifts & Bequests, Treasury..................................................	$1
69.	Gifts & Donations, National Endowment of the Arts....	$1
70.	Guarantees of Mortgage Backed Securities Fund, HUD...........	$8,385
71.	Harry S. Truman Memorial Scholarship Trust Fund..................	$54
72.	Hazardous Substance Superfund...................................	$2,618
73.	Host Nation Support, US Relocation Activities Account...........	$17
74.	International Center for Middle Eastern Dialogue..........	$17
75.	Iranium Claims Settlement Fund, Treasury..............................	*
76.	Israeli Arab Scholarship Fund, Treasury.................................	$5
77.	James Madison Memorial Fellowship Foundation Fund.............	$37
78 .	Japan-US Friendship Trust Fund.............................................	$38
79.	John C. Stennis Center, Public Service Training & Development	$12
80.	Kennedy Center Revenue Bond Sinking Fund..........................	$8
81.	Land Between the Lakes trust fund.......................................	$5
82.	Leaking Underground Storage Tank Trust Fund.......................	$2,666
83.	Library of Congress Gift Fund................................................	$10
84.	Library of Congress Trust Fund.............................................	$40
85.	Lincoln County Land Act.......................................................	$40
86.	NEW Lower Colorado River Basin Development Fund	$305
87.	Morris K. Udahl Scholarship Trust Fund.................................	$32
88.	National Archives Trust Fund.................................................	$5
89.	National Credit Union Share Insurance Fund...........................	$6,549
90.	National Gift Fund, National Archives & Records Admin........	$2
91.	National Institutes of Health Conditional Gift Fund...................	*
92.	National Institutes of Health Unconditional Gift Fund...............	$28
93.	NEW National Law Enforcement Officers Memorial Maint. Fund	$1
94.	National Security Education Trust Fund..................................	$6
95.	National Service Life Insurance Fund, Veterans Affairs..........	$10,189
96.	National Service Trust, Corp. for National & Community Serv	$446
97.	National Resource Damage Assessment & Restoration..........	$227
98.	National Waste Disposal Fund, Dept. of Energy.....................	$36,482
99.	Oil Spill Liability Trust Fund..................................................	$593
100.	Oliver Wendell Holmes Devise Fund, Library of Congress......	*
101.	Operating Fund, national Credit Union Administration.............	$42
102.	Operation & Maintenance, Indian Irrigation...........................	$28
103.	Overseas Private Investment Corp........................................	$4,251
104.	NEW Pajarito Plateau Homesteaders Compensation Fund	$8
105.	Panama Canal Commission Compensation Fund....................	$78
106.	Patients Benefit Fund, National Institute of Health..................	*
107.	Payments to Copyright Owners, Library of Congress.............	$1,126
108.	Postal Service Fund.............................................................	$4,233
109.	Power Systems, Indian Irrigation Projects..............................	$42
110.	NEW Preservation Birthplace of Abraham Lincoln	*
111.	Prison Industires Fund, Dept. of Justice.................................	$322
112.	Public Enterprise Revolving Fund, Treasury...........................	$280
113.	Public Health Service Conditional Gift Fund...........................	$3
114.	Relief & Rehabilitation, Longshoremens & Harbor Worker Comp	$73
115.	Relief & Rehabilitation, Workmens Comp. D.C. Dept.of Labor	$6
	Reserve Mobilization Income Insurance Fund, Defense GONE	$2
116.	Retired Employees Health Benefits Fund, Personnel Dept.....	$2
117.	Revolving Fund for Administrative Expenses, Farm Credit	$22
	Relief & Rehab. Workman's Comp. DofC................ GONE	$3
118.	NEW Russian Leadership Development Trust Fund	$13
119.	NEW San Gabriel Basin Restoration Fund	$17
	Saving Association Insurance Fund............................GONE	$12,325
120.	Science, Space & Technology Education, NASA.................	$14
121.	Seized Currency, US Customs Service................................	$399
122.	Servicmens Group Life Insurance Fund...............................	*
123.	S.Dakota Terrestrial Wildlife Habitat Restoration.................	$89
124.	Southern Nevada Public Land Management Act of 1998.....	$2,296
125.	NEW Sport Fish Restoration and Boating Trust Fund	$1,591
126.	Treasury Forfeiture Fund...................................................	$275
127.	Trust Fund, The Barry Goldwater Scholarship Fund	$67
128.	Senate Preservation Trust Fund..........................	$1
129.	United States Enrichment Corporation Trust........................	$1,426
	United States Information Agency trust fund................. GONE	*
130.	US Government Life insurance Fund, Veterans Affairs........	$39
131.	US Naval Academy General Gift Fund................................	$7
132.	US Trustee System Fund, Justice........................................	$245
134.	Uranium Enrichment & Decommissioning Fund, Dept.Energy	$4,228
135.	Utah Reclamation Mitigation & Conservation Account	$160
136.	Vaccine injury Compensation.............................................	$2,380
137.	Veterans Special Life Insurance Fund................................	$1,828
138.	Veterans Reopened Insurance Fund	$402
139.	Veitnam Claims Fund........................................................	*
140.	Voluntary Separation Incentive Fund, Defense....................	$615
141.	NEW War-Risk Insurance Revolving Fund, Maritime Admin........	$37

	TOTAL Perks & Others (3% of total)..............................	$181,170

	COMBINED WITH ENTITLEMENTS (#1 THRU #141)	$3,663,853

* less than one million
"GONE" items show balance from 2005 and are not counted in the total.

All Trust Funds Above Account for 42% of the National Debt

All of the 135 trust funds above hold nothing but special obligation nonmarketable 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, legitimate borrowing, or general taxes of the budget.

Surplus entitlement payments remain in the General Fund until spent by Congress and the Administration, at which time "certificates of deposit" are recorded in these black hole debit accounts, later to be rolled over into nonmarketable bonds. 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 entitlement money.

But the story doesn't stop there. The federal government has several 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.

GONE in fiscal 2004

#29-'04	Aquatic Resources Trust Fund....................................................	$1,450
#107-'04	Preservation, Birthplace of Abraham Lincoln.........................	**
#114-'04	Open World Leadership Center Trust.....................	$8
#125-'04	The Barry Goldwater Scholarship & Excellence in Education	$56
#139-'04	Open World Leadership Fund	$6
#140-'04	United States Information Agency trust fund......................	**
#127-'02	Unconditional Gift Fund, State Department***.....................	$88,638

** Less than $1 million
***All inquiry has been unanswered since 2003

*** The entire Unconditional Gift Fund for the Depart ment of State disappeared in fiscal 2002 the same time period in which Secretary of State Colin Powell was touring the world building the "Coalition of the Willing." No one will admit where this $88.6 billion went or how it was converted to cash from nonmarketable non-negotiable bonds.

See: What authorities say happens when these bonds are cashed in.

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