products in 2014. In the final year of full refinery operations, the value of exported petroleum products was $12.7 billion (2011 fiscal year). The islands also receive cover-over revenues, which generated approximately $100 million for the Virgin Islands in 2008. Federal excise taxes collected on rum and other distilled spirits are rebated, or covered over, to the government of the Virgin Islands. In 2013, federal programs and grants of $241.4 million contributed 19.7% of the territory's total revenues. Major banks have branches on St. Thomas, St. John and St. Croix. These include Citibank, Banco Popular de Puerto Rico, The Bank of Nova Scotia, First Bank and Virgin Islands Community Bank. Major airlines travel to and from St. Thomas and St. Croix. Tourism The tourism industry is the main industry, generating a substantial portion of the GDP and much of the islands' employment. Nearly 3 million tourists per year visit (2013 data), most arriving on cruise ships. Some 93 percent of tourists are from other areas of the US. An industry (World Travel & Tourism Council) publication indicates that money spent by foreign visitors totaled $1,318.7 million. According to this report, Travel & Tourism generated 5,000 jobs directly in 2014, being 10.8% of total employment and 11.3 percent of the GDP. (This includes employment by hotels, travel agents, airlines and other passenger transportation services. It also includes the activities of the restaurant and leisure industries directly supported by tourists.) The total contribution of Travel & Tourism to GDP (including wider effects from investment) was 12,000 jobs in 2014 (27.0% of total employment and 29.9 percent of the total GDP). These figures on employment are lower than the estimated by some other agencies' for the tourism industry based on their own research. (However, agencies differ as to the types of jobs they classify as being in tourism.) For example, Euromonitor indicates that over 50 percent of the workforce is employed in some tourism-related work. The latest data (May 2016) from the islands' Bureau of Economic Research indicates that there were 37,613 non-agricultural wage and salary jobs in the islands. This report states that the "leisure and hospitality sector" employed an average of 7,333 people. However, the retail trade sector, which also serves many tourists, averaged another 5,913 jobs. Other categories which also include some tourism jobs include Arts and Entertainment (792 jobs), Accommodation & Food (6,541 jobs), Accommodation (3755 jobs), Food Services