U.S. Department of Transportation
Consolidated Balance Sheet

As of September 30, 2004 and September 30, 2003
(Dollars in Thousands)

  FY 2004 FY 2003 (Restated)
Assets (Note 2)
Intragovernmental:

Fund Balance with Treasury (Note 3)

$ 29,721,350
$ 29,256,238
Investments (Note 4)
20,618,224
24,974,776
Accounts Receivable, Net (Note 5)
189,800
495,405
Other Assets (Note 6)
229,006
117,440
Total Intragovernmental Assets:
50,758,380
54,843,859
Cash and Other Monetary Assets
26,995
19,001
Accounts Receivable, Net (Note 5)
339,052
122,964
Loans Receivable and Related
Foreclosed Property, Net (Note 7)
604,087
                          1,020,823
Inventory and Related Property, Net (Note 8)
913,513
                             909,212
General Property, Plant & Equipment, Net (Note 9)
15,395,359
                        14,407,761
Other Assets (Note 6)
248,623
                             103,304
Total Assets
$ 68,286,009
$ 71,426,924
Liabilities (Note 10)
Intragovernmental:
Accounts Payable
$ 73,041
$ 8,307
Debt (Note 11)
1,150,606
1,112,815
Other Intragovernmental Liabilities (Note 12)
3,668,305
4,121,913
Total Intragovernmental Liabilities:
4,891,952
5,243,035
Accounts Payable
514,148
808,457
Loan Guarantees (Note 7)
378,612
293,276
Federal Employee and Veterans'
  Benefits Payable
1,018,541
1,112,550
Environmental and Disposal Liabilities (Note 13)
1,135,163
1,344,453
Grant Accrual
4,180,440
4,166,634
Other Liabilities (Notes 12 & 14)
1,289,093
790,766
Total Liabilities
$ 13,407,949
$ 13,759,171
Contingencies
Net Position
Unexpended Appropriations
$ 5,284,601
$ 3,655,290
Cumulative Results of Operations 
49,593,459
54,012,463
Total Net Position
54,878,060
57,667,753
Total Liabilities and Net Position
$ 68,286,009
$ 71,426,924

The accompanying notes are an integral part of these statements.