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(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 2005

2002

2003
2004

ENTITLEMENTS
(IN MILLIONS)

#	NAME	AMOUNT
1.	Federal Old Age & Survivors Insurance Trust (Social Security)	$1,616,159
2.	Federal Disability Insurance Trust (Social Security)	$193,263
3.	Federal Hospital Insurance Trust (Medicare)	$277,268
4.	Federal Supplementary Medical Insurance Trust (Medicare)	$17,204
5.	Federal Employees Retirement and Disability	$646,750
6.	Federal Employees Life & Health Insurance Trust Fund (2 trusts)	$42,936
7.	Airports & Airways	$10,047
8.	Highway Trust Fund	$8,271
9.	Unemployment Trust Fund	$54,806
10.	Inland Waterways Trust Fund	$336
11.	Harbor Maintenance Trust Fund	$2,621
12.	Military Retirement Trust Fund	$177,282
13.	Veterans Life Insurance Fund	$1,928
14.	Armed Forces Retirement Home Trust Fund	$124
15.	Pension Benefit Guaranty Corp. Trust Fund	$12,997
16.	National Flood Insurance Trust Fund (FEMA)	$784
17.	Railroad Retirement Account	$570
18.	Social Security Equivalent Benefit Account, Railroad Retirement	$693
19.	Dept. of Defense Medicare Eligible Retiree Fund	$52,873
20.	District of Columbia Pension Liability Trust Fund	$3,629
21.	Federal Supplemental District of Columbia Pension Fund	$1,971
22.	Foreign Service Retirement and Disability Fund	$13,359
23.	Cheyenne River Sioux Tribe Terrestial Wildlife Habitat Restore	$28
24.	Contributors, American Battle Monuments Commission	$8
25.	Lower Brute Sioux Tribe Wildlife Habitat Restoration	$10
26.	Native American Institutions Endowment	$64
27.	Tribal Special Fund, Office of the Special Trustee, Indian Affairs.	$54
28.	Claims Court Judges Retirement Fund	$12
29.	District of Columbia Judges Retirement Fund	$105
30.	Judicial Officers Retirement Fund	$197
31.	Judicial Survivors Annuities Fund	$457
32.	Tax Court Judges Survivors Annuity Fund	$8

	TOTAL Entitlements (97% of "Intragovernmental Holdings")	$3,241,809

COMBINED
Social Sec.
$1,809,422
Medicare
$294,472

* See: "Confessions" to understand what happens when trusts are drawn down.

PERKS & OTHERS
(in millions)

33.	Abandoned Mines Reclamation Fund...........................................	$2,135
34.	Albanian Claims Fund.................................................................	$1
35.	Assessment Funds, Office of the Comptroller of the Currency......	$600
36.	Assets Forfeiture Fund, Justice...................................................	$489
37.	Aviation Insurance Revolving Fund...................................	$528
38.	Bank Insurance Fund.................................................................	$32,733
39.	Bequests & Gifts, Disaster Relief, Funds Appropriated to President	$2
40.	Bequests of Maj.Gen.Ainsworth, Library, Walter Reed Gen.Hosp.	**
41.	Belize Escrow, Debt Reduction.................................................	$1
42.	Black Lung Disability........................................................	**
43.	Capitol Preservation Fund..........................................................	$29
44.	Christopher Columbus Scholarship Fund.....................................	$2
45.	Coast Guard General Gift Fund..................................................	$1
46.	Community Development Credit Union Revolving Fund...............	$6
47.	Court of Veterans Appeals Retirement Fund..............................	$11
48.	Dept. of Defense, Education Benefits Fund................................	$1,025
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.	Eisenhower Exchange Fellowship Program...............................	$8
53.	Endeavor Teacher Fellowship Trust Fund................................	$1
54.	Energy Employees Occupational Illness Compensation...	$51
55.	Environmental Improvement and Restoration...........................	$1,011
56.	Esther Cattel Schmitt Gift Fund..............................................	**
57.	Exchange Stabilization Fund, Treasury....................................	$15,238
58.	Expenses, Presidio Trust.......................................................	$108
59.	Farm Credit Insurance, Capital Corp. Investment Fund...........	$1,938
60.	Federal Aid to Wildlife Restoration, Fish & Wildlife Service....	$455
61.	FHA - General and Special Risk Insurance, HUD...................	$4
62.	FHA - Liquidating Account, HUD.........................................	$22,642
63.	FSLIC Resolution Fund.........................................................	$3,123
64.	General Post Fund, National Homes, Dept. of Vet. Affairs.....	$64
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 of the Arts....	$1
69.	Guarantees of Mortgage Backed Securities Fund, HUD...........	$7,949
70.	Harry S. Truman Memorial Scholarship Trust Fund..................	$53
71.	Hazardous Substance Superfund...................................	$2,325
72.	Host Nation Support, US Relocation Activities Account...........	$17
73.	International Center for Middle Eastern Dialogue..........	$12
74.	Iranium Claims Settlement Fund, Treasury..............................	**
75.	Israeli Arab Scholarship Fund, Treasury.................................	$5
76.	James Madison Memorial Fellowship Foundation Fund.............	$37
77.	Japan-US Friendship Trust Fund.............................................	$39
78.	John C. Stennis Center, Public Service Training & Development	$11
79.	Kennedy Center Revenue Bond Sinking Fund..........................	$7
80.	Land Between the Lakes trust fund.......................................	$5
81.	Leaking Underground Storage Tank Trust Fund.......................	$2,437
82.	Library of Congress Gift Fund................................................	$7
83.	Library of Congress Trust Fund.............................................	$36
84.	Lincoln County Land Act.......................................................	$43
85.	Morris K. Udahl Scholarship Trust Fund.................................	$28
86.	National Archives Trust Fund.................................................	$10
87.	National Credit Union Share Insurance Fund...........................	$6,423
88.	National Gift Fund, National Archives & Records Admin........	$3
89.	National Institutes of Health Conditional Gift Fund...................	**
90.	National Institutes of Health Unconditional Gift Fund...............	$18
91.	National Security Education Trust Fund..................................	$4
92.	National Service Life Insurance Fund, Veterans Affairs..........	$10,597
93.	National Service Trust, Corp. for National & Community Serv	$395
94.	National Resource Damage Assessment & Restoration..........	$178
95.	National Waste Disposal Fund, Dept. of Energy.....................	$35,549
96.	Oil Spill Liability Trust Fund..................................................	$732
97.	Oliver Wendell Holmes Devise Fund, Library of Congress......	**
98.	Operating Fund, national Credit Union Administration.............	$39
99.	Operation & Maintenance, Indian Irrigation...........................	$25
100.	Overseas Private Investment Corp........................................	$4,029
101.	Panama Canal Commission Compensation Fund....................	$77
102.	Patients Benefit Fund, National Institute of Health..................	**
103.	Payments to Copyright Owners, Library of Congress.............	$1,051
104.	Postal Service Fund.............................................................	$1,218
105.	Power Systems, Indian Irrigation Projects..............................	$42
106.	Prison Industires Fund, Dept. of Justice.................................	$294
107.	Public Enterprise Revolving Fund, Treasury...........................	$234
108.	Public Health Service Conditional Gift Fund...........................	$3
109.	Relief & Rehabilitation, Longshoremens & Harbor Worker Comp	$60
110.	Relief & Rehabilitation, Workmens Comp. D.C. Dept.of Labor	$3
111.	Reserve Mobilization Income Insurance Fund, Defense	$2
112.	Retired Employees Health Benefits Fund, Personnel Dept.....	$2
113.	Revolving Fund for Administrative Expenses, Farm Credit	$19
114.	Relief & Rehab. Workman's Comp. DofC................	$3
115.	Saving Association Insurance Fund......................................	$12,325
116.	Science, Space & Technology Education, NASA.................	$14
117.	Seized Currency, US Customs Service................................	$322
118.	Servicmens Group Life Insurance Fund...............................	**
119.	S.Dakota Terrestrial Wildlife Habitat Restoration.................	$76
120.	Southern Nevada Public Land Management Act of 1998.....	$1,677
121.	Treasury Forfeiture Fund...................................................	$179
122.	Tribal Trust Fund, American Indians	$24
123.	Senate Preservation Trust Fund..........................	$1
124.	United States Enrichment Corporation Trust........................	$1,387
125.	United States Information Agency trust fund......................	**
126.	US Government Life insurance Fund, Veterans Affairs........	$45
127.	US Naval Academy General Gift Fund................................	$7
128.	US Trustee System Fund, Justice........................................	$260
129.	Uranium Enrichment & Decommissioning Fund, Dept.Energy	$3,891
130.	Utah Reclamation Mitigation & Conservation Account	$154
131.	Vaccine injury Compensation.............................................	$2,165
132.	Veterans Special Life Insurance Fund................................	$1,828
133.	Veitnam Claims Fund........................................................	**
134.	Voluntary Separation Incentive Fund, Defense....................	$661
135.	War-Risk Insurance Revolving Fund, Maritime Admin........	$37
136.	Veterans Reopened Insurance Fund..................................	$442

	TOTAL Perks & Others (3% of total)..............................	$234,362

	COMBINED WITH ENTITLEMENTS (#1 THRU #31)..................	$3,337,470

** less than one million

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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