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The fund is maintained through (a) contributions by participants, including all Foreign Service officers and eligible Foreign Service staff officers and employees, of 6.5% of their basic annual salaries; (b) matching Government (employer) contributions from the appropriations from which salaries are paid; and (c) interest on investments (22 U.S.C. 1071).

It is estimated that approximately 1,412 annuitants will be paid retirement benefits from this fund at the end of 1966 compared with 1,163 at the end of 1964 and 1,285 at the end of 1965. Gratuities represent payments made to Foreign Service officers in classes 4, 5, 6 and 7 who are selected out of the Service.

While income still exceeds outgo, the long-range projections for this fund indicate that payments will exceed income in the near future and the Government will need to supplement its current practice of only matching employee deductions.

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Identification code 14-10-8812-0-7-151

21.0 Travel and transportation of persons.. 24.0 Printing and reproduction.

25.1 Other services.

41.0 Grants, subsidies, and contributions.....

99.0

Total obligations.

10

Identification code 14-20-9998-0-7-150

60

Program by activities:

1. U.S. dollars advanced from foreign governments............

Gifts or bequests may be used to carry out any of the authorized educational, scientific, or cultural purposes of the U.S. National Commission for UNESCO (22 U.S.C. 287(q)).

Object Classification (in thousands of dollars)

1964 actual

2. Contributions, educational and cultural exchange..

Total obligations..

Financing:

21 Unobligated balance available, start of

year..

24 Unobligated balance available, end of

year...

New obligational authority (appropriation)..

New obligational authority is distributed as follows: U.S. dollars advanced from foreign govern

ments.

Contributions, educational and cultural exchange.....

Relation of obligations to expenditures: 71 Total obligations (affecting expenditures).. 72 Obligated balance, start of year.. 74 Obligated balance, end of year..

90

Expenditures..

1964 actual

Expenditures are distributed as follows:
U.S. dollars advanced from foreign gov-

EDUCATIONAL EXCHANGE EDUCATIONAL EXCHANGE TRUST FUNDS Program and Financing (in thousands of dollars)

ernments...

Contributions, educational and cultural exchange....

62

Education of Iranian students in the United States.

6

2

1964 actual

7

6

269

17

286

-182

186

289

238

51

1965 1966 estimate estimate

286 12 -13

285

267

17

1

17

-3

14

1965 1966 estimate estimate

5291

17

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3

-1

14

252

21

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4. Payment of pre-1934 bonds of the Government of the Philippines. This trust account provides for payment of principal and interest on outstanding bonds of the Philippines, provinces, cities, and municipalities issued prior to May 1, 1934, under authority of acts of Congress (22 U.S.C. 1393 (g) (5)). The value of matured bonds payable by the Bank of the Philippines is $19 thousand as of June 30, 1964.

5. Payment of unclaimed moneys.-Payments are made to individuals who establish their right to moneys held in trust pending claims of owners.

6. Unclaimed moneys of individuals whose whereabouts are known.-Amounts are held in trust awaiting settlement of allowances of claims (31 U.S.C. 725).

7. Esther Cattell Schmitt gift fund.-Public Law 87-467 (76 Stat. 88) authorized the acceptance of the gift made to the United States by the will of Esther Cattell Schmitt. The income received from the gift to the United States is paid by the Secretary of the Treasury to beneficiaries named in provisions of the will.

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Relation of obligations to expenditures:

71

Total obligations (affecting expenditures)..
72 Obligated balance, start of year.....
74 Obligated balance, end of year.

90

Expenditures

1964 actual

BUREAU OF CUSTOMS

BUREAU OF CUSTOMS TRUST FUNDS
Program and Financing (in thousands of dollars)

Expenditures are distributed as follows:
Refunds, transfers, and expenses of opera-
tion, Virgin Islands...........
Refunds, transfers, and expenses of opera-
tion, Puerto Rico.....
Refunds, transfers, and expenses, un-
claimed, abandoned, and seized goods...

12

5

731

30

693

1,472

1964 actual

1,664

15,161

596 17,421

-1,769
1,594

17,247

1,650

15,161

436

17,421

126 -312

17,236

1965

1966

estimate estimate

1,667 15.184

384

1,301

89

229

19

1,645

6

1965 1966 estimate estimate

1,800 1,900 17,000

16,000

450 18,250

1,301

18

16,000

450

1,319

18.250

312 -325

-1,594 -1,594

1,594 1.594

18,236

18,250 19,350

1,798 15,988 450

450

1,800 1,900

17,000 450

19,350

19,350 325 -339

19,336

1,898 16,988

450

Matured obligations of the District of Columbia.-Funds from inactive accounts are transferred to this account to meet matured obligations of the District of Columbia when and if presented (31 U.S.C. 725s). As of June 30, 1964, there was a balance of $8 in

To promote the education of the blind. The $250 thousand

Customs duties, taxes and fees collected in Puerto Rico and the Virgin Islands, and all proceeds of the sale of abandoned and seized merchandise, are deposited to this account. After expenses have been provided for, available balances are transferred to the Treasurer of Puerto Rico, the treasury of the municipalities of the Virgin Islands, and miscellaneous receipts, respectively (19

uninvested credit, on the books of the Treasury, is an unexpendable endowment fund established to promote the

education of the blind in the United States. A permanent U.S.C. 528, 1491, 1493, 1559, 1613, 1624; 48 U.S.C. 740,

annual appropriation of $10 thousand being equivalent to

795, 1396, 1406(h)).

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