Consolidating Balance Sheet

CONSOLIDATING BALANCE SHEET
For The Year Ended September 30, 2004
(Dollars in thousands)

	Federal Aid Highways	Other Highway Trust Funds	FMCSA Trust Fund	Corpus Hwy. Trust Fund	FTA Trust Fund	NHTSA Trust Fund	FRA Trust Fund	Eliminations	Total
ASSETS
Intragovernmental
Fund balance with Treasury	$  329,128	$  192,969	$124,282	$ 3,349,741	$ 39,959	$234,140	$312	$         -	$ 4,270,531
Investments	-	-	-	10,211,852	-	-	-	-	10,211,852
Accounts receivable, net	6,667,370	809,400	165,832	-	377,050	-	-	(8,019,058)	594
Other assets	8,522	-	5,403	-	127	-	-	-	14,052
Total intragovernmental	7,005,020	1,002,369	295,517	13,561,593	417,136	234,140	312	(8,019,058)	14,497,029
Accounts receivable, net	11,820	-	3,069	-	-	-	-	-	14,889
Property, plant and equipment	44,282	164	2,575	-	-	-	-	-	47,021
Other assets	74,186	97,999	35	-	-	-	-	-	172,220
TOTAL ASSETS	$7,135,308	$1,100,532	$301,196	$13,561,593	$417,136	$234,140	$312	$(8,019,058)	$14,731,159
LIABILITIES
Intragovernmental:
Accounts payable	$   (2,484)	$   10,141	$    712	$ 7,999,328	$      -	$      -	$  -	$(7,999,328)	$     8,369
Other liabilities	46,242	-	7,481	-	109	132	-	-	53,964
Total intragovernmental	43,758	10,141	8,193	7,999,328	109	132	-	(7,999,328)	62,333
Accounts payable	122,309	-	16,349	-	-	594	-	-	139,252
Federal employee and veterans' benefits payable	10,266	359	1,830	-	-	-	-	-	12,455
Grant liabilities	2,115,993	-	10,268	-	-	69,319	-	-	2,195,580
Other liabilities	132,238	-	7,957	-	34,498	6,273	-	-	180,966
Total liabilities	2,424,564	10,500	44,597	7,999,328	34,607	76,318	-	(7,999,328)	2,590,586
NET POSITION
Cumulative results of operations	4,710,744	1,090,032	256,599	5,562,265	382,529	157,822	312	(19,730)	12,140,573
TOTAL LIABILITIES AND NET POSITION	$7,135,308	$1,100,532	$301,196	$13,561,593	$417,136	$234,140	$312	$(8,019,058)	$14,731,159

Note: The HTF accounts of the Bureau of Transportation Statistics are included in the column for Federal Aid Highways. Such amounts are not material to the Federal Aid Highways or HTF as a whole.