United States Government Required Supplementary Stewardship Information (Unaudited) for the Years Ended September 30, 2012, and 2011

Stewardship Investments

Stewardship investments focus on Government programs aimed at providing long-term benefits by improving the Nation’s productivity and enhancing economic growth. These investments can be provided through direct Federal spending or grants to State and local governments for certain education and training programs, research and development, and federally financed but not federally owned property, such as bridges and roads. When incurred, these investments are included as expenses in determining the net cost of operations. Stewardship investments for the current year and for the immediately preceding 4 years are shown below in Table 11.

Table 11 Stewardship Investments for the Years Ended September 30, 2008 through 2012

(In billions of dollars)	Fiscal Year 2012	Fiscal Year 2011	Fiscal Year 2010	Fiscal Year 2009	Fiscal Year 2008
Investments in non-Federal physical property	68.1	69.9	66.7	65.1	57.8
Investments in human capital	87.1	91.9	122.3	60.3	77.2
Research and development:
Investments in basic research	34.2	35.7	31.5	27.4	27.6
Investments in applied research	29.1	28.8	26.2	19.1	21.4
Investments in development	67.0	71.7	77.3	101.0	79.2
Total investments	285.5	298.0	324.0	272.9	263.2