1965 1966 estimate estimate Applicable receipts.. 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. 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): 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) ing year, net... -135 -60 -41 Closed out to Investments Branch, Bureau of Accounts, 709 1965 1966 estimate estimate Identification code 1. Executive direction.. 2. General administrative services. 197 3. Operation and maintenance of Treas ury buildings.... 2. Processing deposits of withheld tax 70 70 70 payments... 201 202 3. Financial reporting and maintenance of the Government's central ac counts. 4. Accounting and reporting development and internal audit. 5. Banking, insurance, investment, international claims, and other services... 6. Executive direction.... 21.98 Unobligated balance available, start of year.. Total operating costs. Unfunded adjustment to total operating 24.98 Unobligated balance available, end of year.... New obligational authority.. costs: Depreciation included above..... Capital outlay: 1. Processing payments and issuing savings bonds.... Total capital outlay. Receipts and other offsets (items 11-17) . Obligations affecting expenditures. 72.98 Obligated balance, start of year.. Total program costs, funded.. Change in selected resources 1 144 Financing: 16 Comparative transfer from other accounts. 25 Unobligated balance lapsing... 1201 New obligational authority. 144 19 1423 12.0 Personnel benefits.. Total personnel compensation.. 156 11 23.0 Rent, communications, and utilities. 21.0 Travel and transportation of persons. 3 78 25.1 Other services. 24.0 Printing and reproduction. 10 88830 80 42 Transferred from "Salaries and expenses, Office of the Secretary" (Reorganization Plan No. 26 of 1950, Treasury Order No. 170-10, dated July 23, 1963). 33.765 4 3 43 1 26.0 Supplies and materials. 31.0 Equipment... 25.2 Services of other agencies. 99.0 33,765 Total obligations... 70 Receipts and other offsets (items 11-17)-29,749 21.0 Travel and transportation of persons. 23.0 Rent, communications, and utilities. Identification code Personnel compensation 11.1 Permanent positions... 8.345 9,031 8.889 11.3 Positions other than permanent.. 235 151 151 11.5 Other personnel compensation.... 113 49 49 371,388 9.088 12.0 Personnel benefits.... 648 693 685 1,122 3,299 1.244 1,520 The 25.1 Other services.. 2. Processing deposits of withheld tax payments. Employers and certain business enterprises deposit monthly, with designated banks, excise, withheld income, railroad retirement, and withheld social security taxes, to the credit of the Treasurer of the United States. Federal Reserve banks, acting as fiscal agents of the Treasury, issue depositary receipts which the employers 99.0 attach to their returns as evidence of payment of taxes. The work volume is estimated at 12,810,000 depositary receipts in 1965 and 13,260,000 in 1966 as compared with 12,372,591 in 1964. The increase in obligations estimated for 1966 of $59 thousand over 1965 is due to the increase in the estimated volume of depositary receipts to be processed and the related increase in the purchase of depositary receipts and envelopes. 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. 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 Total obligations.. Total number of permanent positions. Average GS grade............. |