Note 11. Debt:

(Dollars in Thousands)

FY 2003 Ending Balance Net Change During Fiscal Year FY 2004 Ending Balance
Intragovernmental Debt:
    Debt to the Treasury  $ 1,109,738  $  37,791  $    1,147,529
    Debt to the Fed Financing Bank   3,077             -      3,077
    Total Intragovernmental Debt  $ 1,112,815  $  37,791  $    1,150,606

Net Change During Fiscal Year includes new borrowing, repayments and net change in accrued payables.  Debt to the Treasury and to the Federal Financing Bank is for FRA direct loans to railroads, for FHWA direct loans under the Transportation Infrastructure Finance and Innovation Act (TIFIA), for MARAD Title XI guaranteed loans, and for the FAA Aircraft Purchase Loan Guarantee Program.