Assets: 1964 actual -36 -31 -446 Loans receivable... Accrued interest receivable.. Total assets.... 249,876 -249,369 -249,876 6 -513 -507 466 14 -19 -12 -59 8 -67 1965 1966 estimate estimate -18 -13 -31 Liabilities: Accrued interest payable on borrowings from Treasury.. Total liabilities and equity.. 249,936 2 -62 -60 19 12 -29 2 The Secretary of the Treasury is authorized to purchase securities or make loans (including participations therein and guarantees thereof) to aid in financing projects for civil defense purposes upon certification by the Secretary of Defense (50 U.S.C. App. 2261, sec. 104, Reconstruction Finance Corporation Liquidation Act and Executive Order 10952 of July 20, 1961). No new loans have been authorized since the close of 1955. -31 Under authority of Public Law No. 798 (31 U.S.C. 706) this fund was closed out as of December 31, 1964. This was accomplished by (1) administratively canceling the undrawn borrowing authorization of $249,936 thousand and (2) transferring the accountability for the remaining balances of the fund to the Investments Branch, Bureau of Accounts. All subsequent collections on the remaining Civil Defense loans outstanding will be applied directly to the principal and interest on the note payable to the Secretary of the Treasury. The status of fund balances transferred to Investments Branch for accountability as of December 31, 1964, are as follows (in thousands of dollars): ! 1964 actual Government equity: Retained earnings (Government equity) -411 Unobligated balance.. Invested capital and earnings, net.... Total Government equity. -411 38 -37 -410 1964 actual Financial Condition (in thousands of dollars) 144 17 411 724 -411 312 1963 actual This corporation was abolished October 4, 1961, by Public Law 87-353 (75 Stat. 773), and its remaining assets were transferred to the Secretary of the Treasury; The corporation has been in liquidation for several years, its only remaining activities being the collection of non-interest-bearing notes sold to the Federal land banks on June 30, 1955, paying the proceeds as dividends to the Treasury, and the payment of outstanding bonds payable upon presentation by rightful owners. Revenue, Expense, and Retained Earnings (in thousands of dollars) 199 724 923 -411 38 161 199 724 1965 estimate 161 563 724 134 10 143 493 -143 37 144 181 -143 37 -36 -142 1 -143 1966 1965 estimate estimate 144 168 312 312 -143 169 1966 1965 1964 actual estimate estimate Analysis of Government Equity (in thousands of dollars) 170 169 1966 estimate 124 10 169 312 169 -169 -169 36 -35 -168 1 -169 169 169 -169 36 35 134 124 170 159 159 159 134 124 35 -124 Intragovernmental funds: 709 1966 509 917 -738 688 The Bureau maintains the central revenue, appropriation, and expenditure accounts; disburses for virtually all civilian Federal agencies; prepares the central financial reports of the Government; and performs other fiscal functions. 1. Processing payments and issuing savings_bonds.Payments are made, through 11 regional offices, for BUREAU OF ACCOUNTS-Continued General and special funds-Continued SALARIES AND EXPENSES-Continued civilian Federal agencies, except the Post Office Department, the U.S. marshals, and certain Government corporations. Savings bonds are also issued for Federal employees enrolled under the payroll savings plan. The work volume and productivity relating to this activity carried out by the Division of Disbursement follow: [In thousands] 1964 actual 1965 estimate 1966 estimate of Government corporations, payment of international and other claims and examination of the financial condition of companies issuing surety bonds in favor of the United States. 6. Executive direction. This provides for the overall management for the Bureau of Accounts. Object Classification (in thousands of dollars) 4. Accounting and reporting development and internal audit. This activity includes furnishing technical accounting advice and assistance to other agencies in relation to central accounting, reporting, disbursing and depositary matters; participation in the Governmentwide financial management improvement program; performing systems. work within the Fiscal Service and the Bureau of Accounts; performing internal audit in the Bureau, and other audits of a departmental character. 5. Banking, insurance, investment, international claims, and other services.-Banking facilities are provided for all agencies of the Government through the designation of selected institutions to act as official depositaries of the Government's funds. Investments in interest-bearing securities are processed for certain funds, such as the Federal old-age and survivors insurance trust fund, the unemployment trust fund, the veterans insurance trust fund, and various Government retirement funds. The work includes accounting for purchases, sales and redemptions of securities, processing of capital stock subscriptions Identification code 11.1 11.3 11.5 Work volume... 22.0 Transportation of things... Total obligations..... 2. Processing deposits of withheld tax payments.— Total number of permanent positions. Average GS salary.... 3. Financial reporting and maintenance of the Government's central accounts. This activity includes the maintenance of central accounts of appropriations, receipts and expenditures which provide data for financial statements. It also includes the preparation and publication of financial reports on the Government's fiscal operations, such as the annual Combined Statement of Receipts, Expenditures, and Balances; the Monthly Treasury Statement; the Secretary's Annual Report; the Treasury Bulletin; and reports on foreign currencies acquired without payment of dollars. Personnel compensation Total personnel compensation. Identification code 43 Financing: 16 Comparative transfer to other accounts.. New obligational authority. Personnel Summary New obligational authority: 41 Transferred to "Operating expenses, Public Appropriation (adjusted). 1964 actual Obligated balance, start of year.... Obligated balance, end of year.. Expenditures 8,345 235 113 8,693 648 67 126 17.169 867 1,783 960 3,299 33,612 1,578 4.9 SALARIES AND EXPENSES, DIVISION OF DISBURSEMENT Program and Financing (in thousands of dollars) 29,749 808 30,556 30,750 1965 1966 estimate estimate -194 30,556 9,031 8,889 151 151 29,749 29,749 4,386 -6,130 -29 27,976 1964 1966 49 6,130 9,088 685 102 179 6,130 18,006 871 2,191 1,122 1,534 47 1,529 5.1 $5,976 |
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