The balance sheets show the Government's assets, liabilities,
and net position. When combined with stewardship information,
this information presents a more comprehensive understanding of
the Government's financial position. The net position for
earmarked funds is shown separately. Assets included on the
balance sheets are resources of the Government that remain
available to meet future needs. The most significant assets that
are reported on the balance sheets are loans receivable and
mortgage-backed securities, net; property, plant, and equipment
(PP&E), net; inventories and related property, net; and cash and
other monetary assets. There are, however, other significant
resources available to the Government that extend beyond the
assets presented in these balance sheets. Those resources
include the Government's sovereign powers to tax, and set
monetary policy. Liabilities are obligations of the Government
resulting from prior actions that will require financial
resources. The most significant liabilities rep