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14 Non-Federal sources 3
Checks paid and reconciled from appropriated funds...... Checks processed per man-year.
452,941 462,030 471,980 492,682 1,969 2,232 2,325 2,427
The electronic installation used in paying and reconciling checks is being used to process money orders for the Post Office Department, on a reimbursable basis. It is currently estimated approximately 225 million money orders will be processed in each of the years 1965 and 1966.
2. Processing check claims.-This activity processes all claims for proceeds of Government checks, including the allowance or disallowance of claims against the United States and the enforcing of claims of the United States against banks, endorsers, principals, and sureties or other parties having liability due to the fraudulent or otherwise improper negotiation of checks.
CLAIMS PROCESSED [From appropriated funds]
1963 1964 1965 1966 actual actual estimate estimate
213,294 218,085 226,665 238,502 89,820 109,901 112,500 115,824
This office: (a) receives, keeps, and disburses the moneys of the United States; (b) processes claims for the proceeds of Government checks; (c) receives, stores, issues, transfers, and retires currency; (d) issues and redeems Government securities; (e) maintains fiscal accounts; and (f) prepares financial statements and reports.
1. Payment and reconciliation of checks.-This activity maintains checking accounts of Government disbursing documents crediting Government disbursing accounts; performs centralized payment function of all checks
Commercial checks, drafts and money
4. Retirement of currency.-U.S. currency unfit for further circulation is verified and destroyed by the Federal Reserve Banks on a reimbursable basis. Unfit currency received from local sources as well as all mutilated currency is processed for retirement in Washington. The total pieces of all denominations of currency to be retired and destroyed are expected to drop from 1,038 million in 1964 to 947 million in 1965 and to 681 million
5. Maintenance of the Treasurer's accounts.-Controlling accounts covering receipts and disbursements are maintained for all funds placed in the custody of the Treasurer, and reports are prepared, including the Daily Statement of the U.S. Treasury and a monthly statement of money held in the Treasury and paper currency in circulation. pays the principal and interest on public debt obligations, safekeeping facilities for securities, trust funds and savings bonds.
7. Procurement and transportation of U.S. currency.— All U.S. paper currency is procured, stocked and issued by the Treasurer. The Bureau of Engraving and Printing is reimbursed for the production of this currency and the Post Office Department is paid for the transportation of such currency to the Federal Reserve Banks and depositaries.
Until the conversion of $1 silver certificates to $1 Federal Reserve notes under Public Law 88-36, approved in June 1963, the purchase of currency was the largest single expenditure of this office. Upon depletion of the remaining small supply of $1 and $10 silver certificates, the Treasurer will issue only $2 and $5 U.S. notes and $5 silver certificates. Currency inventories are sufficient to meet projected needs through 1966.
FACTORS DETERMINING REQUIREMENTS
25.1 Other services..
Purchase of U.S. currency
25.2 Services of Federal Reserve Banks.
26.0 Supplies and materials..
The Check Forgery Insurance Fund was established in the amount of $50,000 by the Act approved November 21, 1941 (31 U.S.C. 561) for use by the Treasurer in making settlement with the payees or special endorsees in cases of checks drawn on the Treasurer which have been paid on forged endorsements and in which it appears that recovery from those liable may be delayed or be unsuccessful. As a result of continuing increases in volume of claims paid each year, the capital was increased to $100 thousand by an appropriation of an additional $50 thousand to this Fund by the Treasury Department Appro63 priation Act, 1964.
Revenue, Expense, and Retained Earnings (in thousands of dollars)
Unpaid undelivered orders....
Total selected resources.
This Service is responsible for investigation of counter-17 feiting of currency, specie, and securities; forgery and conversion of Government checks and bonds; and noncriminal cases. The protection of the President of the United States, his immediate family, the President-elect, the Vice President or other officer next in the order of succession to the office of the President, the Vice Presidentelect and the protection of a former President, at his request, for a reasonable period after he leaves office is also covered by this appropriation.
A supplemental appropriation is anticipated for separate transmittal,
NUMBER OF CASES CLOSED
UNITED STATES SECRET SERVICE
General and special funds:
SALARIES AND EXPENSES
For necessary expenses of the United States Secret Service, including purchase (not to exceed [nineteen] forty-nine for police-type use which may exceed by $300 each the general purchase price limitation for the current fiscal year, of which [fourteen] twenty-four are for replacement only) and hire of passenger motor vehicles, and services as authorized by section 15 of the Act of August 2, 1964 (5 U.S.C. 55a) [$7,500,000 $8,750,000. (18 U.S.C. 3056, as amended; Treasury Department Appropriation Act, 1965.)
Program and Financing (in thousands of dollars)
Positions other than permanent.
Other personnel compensation..
1. Suppressing counterfeiting and investigating check and bond forgeries..
12.0 Personnel benefits...
Total personnel compensation... --
2. General administrative services..
3. Executive direction..
22.0 Transportation of things...
21.0 Travel and transportation of persons.
24.0 Printing and reproduction..
23.0 Rent, communications, and utilities..
26.0 Supplies and materials.
42.0 Insurance claims and indemnities.
25 Unobligated balance lapsing.............
1 Selected resources as of June 30 are as follows:
Total selected resources..
1964 1965 1966
Unpaid undelivered orders----
Total selected resources.
This force is responsible for safeguarding paper currency and other Government securities and obligations in the money-handling divisions of the Treasury Department.
This permanent police force protects the Executive It also provides protection for the Main Treasury Building
Mansion and grounds in the District of Columbia; any
and its annex.