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This fund serves as a clearinghouse for payments by the net proceeds derived from the liquidation of former U.S. communications companies and other telecommuni- German and Japanese assets vested pursuant to the Tradcations users, including the Federal Government, to ing With the Enemy Act. These funds are used largely foreign governments for receiving and relaying radio to pay claims authorized under the General War Damage telephone and radiotelegraph messages. The charges of Claims Act (P.L. 87-846). foreign governments against U.S. users are received by the Commission and billed to the users. The Commission

Object Classification (in thousands of dollars)
then consolidates and disburses all telecommunications
payments to a particular government.
Revenue, Expense, and Retained Earnings (in thousands of dollars)

25 Other services: Services of other agencies... 40
42 Insurance claims and indemnities...

31 530 55.000

1962 actual

1963 estimate

1964 estimate

30

1962 actual

1963 estimate

1964 estimate

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Summary of Sources and Application of Funds (in thousands of dollars)

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143

48

-210

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3,119

24 431

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Revenues and other receipts (from program

and financing) --Increase (-) or decrease in accounts receivable, net.

Applicable receipts. ----
Net trust expenditures.

10

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Liabilities:

Current liabilities...
Temporary notes payable..
Housing Authority bonds payable.

Total liabilities.
Government equity:
Interest-bearing capital:
Series "B" Housing Authority

bonds..
Advance loan notes.
Permanent notes.

Total interest-bearing capital.
Non-interest bearing capital:

Federal project contribution...
Cumulative Federal operating

contribution...
Cumulative local operating

contribution...
Total non-interest bearing

capital.----

Total Government equity--Trust deficit (-)...

Net Government equity and

trust deficit...

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The National Capital Housing Authority operates the low-rent public housing program in the District of Columbia under the authority of the Housing Act of 1937 and title II of the District of Columbia Alley Dwelling Act (48 Stat. 930). The 1964 program consists of the operation of 7,910 dwelling units and the development of 2,097 additional units. Management and development operations are financed through rental income, loans, and annual contributions. There is no debt service on Federal proj

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2 16:19

6.6

Object Classification (in thousands of dollars)

RAILROAD RETIREMENT BOARD

RAILROAD RETIREMENT ACCOUNT
1962 1963 1964
actual estimate estimate

Program and Financing (in thousands of dollars) 11 Personnel compensation

2,141 2,193
2,147

1962
1963

1964 Other objects (undistributed) 14,979 16,984

actual estimate estimate Total costs.

17,120 19,177 18,900

Program by activities: Change in selected resources and adjustments

1. Retirement and survivor benefit in non-Treasury financing -

-123 -550 -500

payments.--

1,027,118 1,050,000 1,075,000

2. Administrative expenses: Total obligations.... 16,997 18,627 18,400 Authorized program

9,515 9,640 10,900

Proposed increase in limitation
Personnel Summary

due to pay increases.

280
3. Loan to Railroad unemployment
insurance account.

101,470 52,000 35,000 Total number of permanent positions..

348 375 375 Full-time equivalent of other positions..

74
45
14

Total obligations... 1,138,103 1,111,920 1,120,900 Average number of all employees.

416 416 385 Number of employees at end of year.

416 416 389 Financing: Average GS grade....

6.7 6.7 Unobligated balance brought forward: Average GS salary

$6,204 $6,312 $6,428
Cash.

468 5,645 5,585 Average salary of ungraded positions..

$4,625 $4,728 $4,762
U.S. securities (par)......

3,759,509 3,696,960 3,696,400 Recovery of prior year obligations..

21
Receipts:

Interest and profit on investments.. 107,413 107,500 112,000
Railroad retirement taxes..--

564,264 580,000 620,000 NATIONAL CAPITAL PLANNING COMMISSION

Repayment of loan from Railroad
unemployment insurance account. 24,825 20,000

20,000 CONTRIBUTED Fund

Interest on loans to Railroad un

employment insurance account.. 12,390 8,800 9,300 Program and Financing (in thousands of dollars)

Financial interchange with:

Federal old-age and survivors in-
1962

1964
surance trust fund..

360,788
1963

385,000 386,000 actual estimate estimate

Federal disability insurance trust
fund....

11,030 10,000 10,000 Program by activities:

Unobligated balance carried forward:
Cash (-)----

-5,645

-5,585 1. George Washington Memorial Parkway,

-5,643 Va...

1
115

U.S. securities (par) (-). -3,696,960-3,696,400 -3,732,742 2. George Washington Memorial Parkway,

Total financing Md. 11 281 611

1,138, 103 1,111,920 1,120,900 Total program costs, funded..

12 396 611 Change in selected resources ?...

-12 281 -611 Under the railroad retirement system, workers and emTotal obligations (object class 32).

ployers pay taxes on wages to finance benefits which will 677

be payable when the worker retires or dies. These taxes Financing:

are deposited in this trust fund and invested in GovernReceipts...

677

ment securities bearing interest of at least 3%. Effects

of proposed legislation are included below. 1 Selected resources as of June 30 are as follows: Unpaid undelivered orders, 1961, The status of the trust fund is as follows (in thousands $341 thousand; 1962, $329 thousand; 1963. $611 thousand; 1964, $0.

of dollars): One-half the cost of acquiring land for the George Wash

1962 actual 1963 estimate 1964 estimate ington Memorial Parkway is contributed by the States of Unexpended balance brought forward: Maryland and Virginia and held in trust for purchases as

U.S. securities (par).

3,759,509 3,696,960 3,696,400 Cash --

83,446 92,061 authorized by the Commission (46 Stat. 482).

92.056

Balance of fund at start of year. 3,842,955 3,789,021 3,788, 456 NATIONAL SCIENCE FOUNDATION

Income during year.

1,080,710 1,111,300 1,157,300

Proposed legislation:
DONATIONS
Increase in taxable wage base....

50,000 Payment for military service credits.

11,658 Program and Financing (in thousands of dollars)

Total annual income.

1,080,710 1,111,300 1,218,958 1962

1963 1964 actual estimate estimate

Cash outgo during year:

Benefit payments and claims.. 1,023,952 1,050,000 1,075,000
Administrative expenses..

9,222 9,865 10,800 Program by activities:

Loan to Railroad unemployment inExecutive direction and management (obli

surance account...

101,470 52,000 13,000 gations) (object class 25).

1
1
1
Total annual outgo..---

1,134,644 1,111,865 1,098,800 Financing: Unobligated balances brought forward..

5
7

7

Unexpended balance carried forward:
Receipts.

2
1
1 U.S. securities (par).

3,696,960 3,696,400 3,816,400 Unobligated balance carried forward (-) --- -7 -7 -7 Cash..

92,061 92,056 92,214 Total financing.

1
1
1

Balance of fund at end of year.. 3,789,021 3,788, 456 3,908,614

OTHER INDEPENDENT AGENCIES-Continued

Program and Financing (in thousands of dollars)-Continued

1962 actual

1962

1961 actual

ments

16

estimate

16

.

RAILROAD RETIREMENT BOARD-Continued

1963 1964

estimate estimate RAILROAD RETIREMENT ACCOUNT-Continued

Program by activities–Continued Income. The income of the Railroad retirement ac Change in selected resources (-)

-35 count consists of taxes paid by railroad employers and employees; interest on investments; appropriations for

Total obligations.

9,179 9,489 9,578 military service credits; repayments on amounts loaned Financing: to the Railroad unemployment insurance account; pay Unobligated balance brought forward. -4,298 -3,401 -2,012 ments from the Federal old-age and survivors insurance Recovery of prior year obligations (-).

-20 trust fund and Federal disability insurance trust fund.

Unobligated balance carried forward.

3,401 2,012 934 The railroad retirement system has a reinsurance arrange Limitation..---

8,262 8,100 8,500 ment of financial interchanges with the social security system so as to place these systems in the same position in

i Selected resources as of June 30 are as follows: which they would have been if railroad employment has

adjust 1963 been included in social security coverage. To help im

1964

estimate prove the financial position of this account, Congress will Stores.

73

16 Unpaid undelivered orders..

17 38 38 38 be requested to increase the limit on compensation subject to Railroad retirement taxes from $400 to $450 a month.

Total selected resourc

90 54 54 54 Budget program-1. Retirement and survivor benefit pay

The Board administers an unemployment and sickness ments.--Payment estimates reflect the continuing growth insurance system and an employment service to find in the beneficiary rolls.

jobs for unemployed railroad workers. The adminis2. Administrative expenses. Such expenses are subject trative expenses are shown as a separate account in the to annual limitations in appropriation acts (see Limitation unemployment trust fund and are financed through a on salaries and expenses, Railroad Retirement Board, in permanent authorization of 0.2% of taxable payroll, pt. II of the budget). 3. Loan to Railroad unemployment insurance account.

As of each June 30, the unobligated balance in this fund

in excess of $6 million is transferred to the Railroad The Railroad Unemployment Insurance Act provides that unemployment insurance account in the unemployment when the balance in the Railroad unemployment insurance

trust fund (45 U.S.C. 361). account is insufficient to pay benefits due under that act, necessary amounts are to be borrowed from the Railroad

[In thousands of dollars) retirement account. When the balance in the Railroad

1962 actual 1963 estimate 1964 estimate unemployment insurance account permits, borrowed Permanent limitation (0.2% of taxable amounts are to be repaid to the Railroad retirement payroll)

8,148 8,000 8,400 account, with interest at 3% per annum.

Interest on investments.

114
100

100 Limitation ---

8,262 8,100 8,500 Object Classification (in thousands of dollars)

1962 actual

1963 1964 1. Maintenance of earnings accounts. The amounts of estimate estimate

insurance payments for unemployment, sickness, and 33 Loan to Railroad unemployment insurance

maternity benefits are based upon individual records of account...

101,470 52,000 35,000 earnings and daily wage rates. This workload fluctuates 42. Pensions, annuities, and insurance claims - 1,027,118 1,050,000 1,075,000 with the level of employment in the railroad industry, Administrative expenses, Limitation on salaries

rates of turnover, and similar factors. The costs are and expenses (see account in pt. II).

9,515 9,920 10,900 shared on a measured basis with the retirement program. Total obligations...

1,138, 103 1,111,920 1,120,900

Accounts posted were 1,070,000 in 1962 and are estimated at 1,050,000 in 1963 and 1964.

2. Processing of unemployment insurance claims.

Workers' claims for unemployment compensation are LIMITATION ON RAILROAD UNEMPLOYMENT INSURANCE filed locally and certified for payment through regional ADMINISTRATION FUND

offices. Regular unemployment claims were 2,048,000 Program and Financing (in thousands of dollars)

in 1962 and are estimated at 1,700,000 in 1963 and 1,500,

000 in 1964. 1964

3. Processing of sickness and maternity claims.—These estimate estimate claims are filed by mail and certified for payment through

the regional offices of the Board. Sickness claims were Program by activities:

798,000 in 1962 and estimated to be at about the same 1. Maintenance of earnings accounts.

282 269 432 2. Processing of unemployment insurance claims....

5,722 5,632

4. Claimant placement services.--The Board conducts an 3. Processing of sickness and maternity

employment service for unemployment benefit claimants. claims...

1,960 2.188 2,318

This resulted in savings in benefit payments of approxi4. Claimant placement services.

649 704 728

mately $6.5 million in 1962 as 43,100 placements were 5. Administration...-

601 696

778

made. Placements should be at about this level in 1963 Total program costs, funded..

9,214 9,489 9,578 1 and 1964.

1963

1962 actual

5.522

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Program by activities:
1. U.S. dollars advanced from foreign govern-

ments.
2. Contributions for trade fair and solo ex-

hibits..

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1962 actual

1963 estimate

1964 estimate

67

80

100

103

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Total obligations...

75
91

103 Program by activities: Maintenance and operation of facilities (cost

Financing: obligations) (object class 25) ------

14
15

15
Unobligated balance brought forward..

51

8 Receipts...

31

84 Financing:

Unobligated balance carried forward (-) ... -8
Unobligated balance brought forward..

8
10

10 Receipts.

16
15
15
Total financing-

75

91 103 Unobligated balance carried forward (-).. -10 -10 -10 Total financing

14
15

15

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

These funds are advanced from foreign governments Donations, subscriptions, and fees are appropriated and

and/or private organizations for purchase of films owned

or controlled by the United States Information Agency used to defray part of the expenses of maintaining and

and for replacing damaged or destroyed U.S. property. operating the Canal Zone Biological Area (5 U.S.C. They are used for the expense of the U.S. information 133y-4; 20 U.S.C. 79, 79a).

program (22 U.S.C. 1479).

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