COMMODITY CREDIT CORPORATION-Continued Summary of realized losses, 1933 through Dec. 31, 1962, and reserves for estimated losses as of Dec. 31, 1962-Continued Total oil products $173, 216, 699 382, 129, 001 1 $2,604, 584, 771 1 139, 150, 875 1 631, 118, 159 1 796, 117, 862 1 3, 584, 209 1 168,852,072 1 Denotes loss. * Includes $5,343,368,970.36 of realized losses not yet restored by appropriations. 1 13,981, 071 8 Appropriations are not requested or made for estimated future losses. TABLE I.-Results of Treasury appraisals through June 30, 1960, and realized losses for fiscal year 1961-Appropriations through June 30, 1963 1949. 1950... 1951. 1952. Year ending June 301953. 1954 1955.. 1956.. 1957 1958. 1958... 1959. 1959. 2d deficiency, approved June 25, Appropriation act Payments to Appropriation Note cancellation $94, 285, 405 119, 599, 918 -$43,756, 731 1,637, 445 -27,815, 513: 3d deficiency, approved Aug. 9, 1st deficiency, approved Aug. 2d deficiency, approved May General Appropriation Act, 1951, Department of Agriculture Ap- Department of Agriculture Ap- To discharge indebtedness of Department of Agriculture Ap- Department of Agriculture Ap- Department of Agriculture Ap- Department of Agriculture Ap- 2d Supplemental Appropriation Total, 2d Supplemental Department of Agriculture Ap- See footnotes at end of table. TABLE I.-Results of Treasury appraisals through June 30, 1960, and realized losses for fiscal year 1961—Appropriations through June 30, 1963—Continued 1 The Impairment of $39,436,885 for the appraisal period ending Mar. 31, 1943, was not restored until after the following year's appraisal, and is included in the amount shown for the 1944 appraisal period. * The act of Mar. 8, 1938, as amended by the act approved Apr. 12, 1945, changed the date of appraisal to June 30 of each year. Therefore, the impairment as of June 30, 1945, covers a 15-month period. 3 The act of Mar. 8, 1938, as amended by the act of Mar. 20, 1954, changed the annual appraisal of the assets of the corporation to a cost basis. Restorations of capital impairment through June 30, 1953, included $545,534,182 of estimated losses as well as the losses realized during that period. Therefore the restoration as of June 30, 1954, represented the difference between the total unrestored realized losses in the fiscal year 1954 and the amount of estimated losses for which restoration has been made. $235 of this amount was unobligated. The total realized loss for fiscal year 1961 was $3,335,875,695. Of this amount, $1,268,546,877 was applicable to inventory revaluation of which $211,500,000 was reimbursed in the fiscal year 1963. Subsequent budgets may include additional reimbursement of these losses if needed to finance operations. Unreimbursed balance of 1961 losses are $1,057,420,695. TABLE II.-Special appropriations for other price support and related programs and special milk, through June 30, 1963 |