TABLE 106.-Summary of receipts, withdrawals, and balances of foreign currencies Balance held by Treasury Department, July 1, 1959.... Development Loan Fund, section 204, Title II, Mutual Security Sale of surplus agricultural commodities pursuant to: Section 402, Mutual Security Act of 1954, as amended (22 Section 505(a), Mutual Security Act of 1954 (22 U.S.C. 1754). Informational media guaranties pursuant to section 1011 of the Informational media guaranties pursuant to section 1011 of the United States Information and Education Act of 1948 (22 U.S.C. 1442), interest account.. Foreign governments (to be held in trust). Lend-lease and surplus property agreements (50 App. U.S.C. 1641b2)... Intergovernmental defense agreements (5 U.S.C. 171m-1). Bilateral agreements 5% and 10% counterpart funds, Économic All other sources.. Total collections.... $1,514, 615, 366. 31 $9,896, 420.67 161, 762, 774. 51 865, 560, 970. 13 11, 832, 494. 40 4,335, 002.97 26,809.60 20, 590, 661.35 48,762, 312. 22 27.089, 006. 52 1,237, 735, 424.96 2,752, 350, 791. 27 125, 894, 577.79 72, 374, 427. 71 4,330, 064.93 208, 287, 826. 25 161, 762, 774. 51 1, 253, 948, 077. 01 6,810, 850.03 20,589, 916. 36 1, 133, 515. 81 1. 446, 200, 318. 12 1,654, 488, 144. 37 -62, 682, 199, 96 For program use under section 103(c), Mutual Security Act of 1954, as amended. Not yet programmed, section 505(a), Mutual Security Act of 1954, as amended. Footnotes at end of table. 1,035, 180, 446. 94 103, 365, 831.87 2,393, 302.98 579, 412.84 126, 510, 975. 72 9,449,879. 33 4,863. 26 25, 729, 380.95 22, 548, 075. 50 733, 241, 518. 86 58,803. 61 11, 298, 402. 02 41.035, 180, 446. 94 TABLE 106.-Summary of receipts, withdrawals, and balances of foreign currencies acquired by the United States without purchase with dollars, fiscal year 1960— Continued Balances held by other executive agencies, June 30, 1960, for purpose of: Programmed uses under Agricultural Trade Development and Assistance Act... Trust agreements with foreign countries.. Other. Balances to be held by Export-Import Bank (to be deposited in Treasury): Interest earned on bank balances.. Interest on Cooley loans .. Repayments on Cooley loans 5. Total... Grand total. $253, 904, 541.00 1, 115, 351, 701.00 34, 484, 474. 00 8,965, 233.00 1, 131, 267.00 65, 894.00 916, 699.00 253, 512.00 1, 415, 073, 321.00 2, 450, 253, 767. 94 1 For the purpose of providing a common denominator, the currencies of 78 foreign countries are herein stated in U.S. dollar equivalents. It should not be assumed that dollars in amounts equal to the balances shown are actually available. The dollar equivalents were calculated at varying rates of exchange. Foreign currencies generated under the Public Law 480 program, comprising more than 82 percent of the total, and currencies generated under certain provisions of the mutual security acts were converted at deposit rates provided for in the international agreements with the respective countries. The greater portion of these currencies is available to agencies without reimbursement pursuant to legislative authority and, when disbursed to the foreign governments, will generally be accepted by them at the deposit or collection rates. Currencies available for sale for dollars and certain other United States uses were converted at market rates of exchange in effect on the date of the sale and market rates in effect at the end of the month for transactions during the month, these market rates being those used to pay U.S. obligations. If all currencies were converted at current market rates, the U.S. dollar value of currencies held on June 30, 1960, in the Treasury and agency accounts would amount to the aggregate of $2,047.6 million as compared with $2,450.2 million shown in this table. 2 Dollars acquired from the sale of foreign currencies are derived from charges against the dollar appropriations of the Federal agencies which use the currencies. These dollar proceeds are credited to either miscellaneous receipts or other appropriate accounts on the books of the Treasury. Includes advances pursuant to the cited provisions of the Agricultural Trade Development and Assistance Act of 1954, as amended; the mutual security acts, as amended; withdrawal of foreign currency held in trust; and advances for liquidation of obligations incurred prior to July 1, 1953. Represents the dollar value of currencies held in the accounts of the Treasury Department only. Currencies transferred to agency accounts pursuant to requisitions submitted to the Treasury Department, or as otherwise authorized, are accounted for by the U.S. Government agencies. Balances held by executive departments and agencies as of June 30, 1960, are stated at end of summary. The loans were made by the Export-Import Bank under section 104e (Cooley Amendment) of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1704(e)). NOTE. For detailed data on collections and withdrawals by country and program, see Part V of the Combined Statement of Receipts, Expenditures and Balances for the fiscal year ended June 30, 1980, pp. 524-571. TABLE 107.-Balances of foreign currencies acquired by the United States without purchase with dollars, June 30, 1960 Currency In Treasury accounts Dollar equivalent $1,277, 937 In agency accounts Foreign currency Dollar equivalent Australia.. Pound. Austria. Schilling. 39, 780, 532 1, 499, 466 24. 586, 244 286,657, 793 1,889 302, 152, 705 $1, 149, 947 16, 101, 125 Belgian Congo. Franc. Belgium. Franc. Bolivia.. Boliviano. Brazil. Cruzeiro. 15, 307, 186 74, 760,000 2,063, 914, 448 59, 586, 028 6, 431, 306 11, 176, 834 20, 080 184, 583 2, 350, 674 124, 412 7, 153, 857 5,684, 185 131, 910 10.416 595, 851 270, 645, 593 26,035, 582 1, 147, 506 Iceland. India. Krona Rupee Indonesia. Rupiah. Iran.. Rial.. Iraq Dinar. Ireland. Pound. Israel. Pound. 81, 105, 930 2,431, 871, 647 45,058, 845 8, 459, 625, 283 16,668, 327 Lib. Pound. 16, 572, 914 229, 646, 827 1,326, 761 453, 803 2,462, 881 653, 825 Cordoba. 209, 315 28, 673 Nig. Pound. Norway. Krone. Pakistan.. Rupee 239, 621 466, 157, 901 33, 690 97, 643, 001 141, 382 289 53.822 119, 889, 868 4,298, 480, 691 216, 423 44, 231 812 17.795 9, 598, 251 9.391, 810 2, 302, 472 2,098 40, 263 71, 514 43, 337, 774 4,805 766, 070 20,498, 480 100, 327 1,923, 190 1.212 2. 321 113, 700, 771 165, 0.59 346, 320 200, 861 1,828, 255 4. 487, 404 53, 160, 365 316 52, 625, 204 1,657 52, 867, 792 1,800, 634 41.393 25, 375, 561 145, 668, 986 |11, 415,073, 321 1 See footnote 1 in preceding table. Indebtedness of Foreign Governments TABLE 108.-Indebtedness of foreign governments to the United States arising from World War I, and payments thereon as of June 30, 1960 4, 173, 559, 735. 51 7, 259, 889, 938. 34 7, 658, 202, 959. 06 19, 091, 652, 632.91 1 Includes amounts postponed under moratorium agreements. ↑ By exchange of letters between the United States and Germany, and pursuant to Article 28(I) of the Austrian State Treaty, dated May 15, 1955, it is recognized that these charges constitute a claim on Germany. Represents payments deferred. Includes payments of renewed principal on bonds. Payments through June 30, 1960, totaling $4,400,923.14 were made available for edu- Although agreements provide for payment in U.S. dollars, interest payments due $862, 668.00 4, 127, 056. 01 556, 919. 76 100, 829, 880. 16 761, 549. 07 10 8, 750, 311.88 2, 588, 771. 69 477, 831, 567. 10 281, 990, 396. 99 1, 325, 911, 380. 41 671, 518, 762. 52 2, 757, 252, 107. 02 from December 15, 1932, to June 15, 1937, were deposited in pengo equivalent, with the Hungarian National Bank. 7 Obligations held by the United States, and interest thereon, were canceled pursuant to the agreement of April 14, 1938, between the United States and Nicaragua. Excludes claim allowance of $1,813,428.69, dated December 15, 1929. Excludes payment of $100,000 on June 15, 1940, as a token of good faith pending negotiation of new agreement. 10 Consists principally of proceeds from liquidation of Russian assets in the United States. This Government has not accepted the moratorium provisions. TABLE 109.-World War I indebtedness, payments and balances due under agreements between the United States and Germany as of June 30, 1960 Agreements of June 23, 1930, and May 26, 1932 Indebtedness as funded.. Payments: 1,048, 100, 000.00 11, 632, 000, 000. 00 2,680, 100, 000.00 $1,080, 884, 330.00 Total.. 50, 600, 000.00 Mixed claims (U.S. dollars).. $26, 100, 000.00 $71,400,000.00 1 Excludes 489,600,000 reichsmarks canceled under the agreement of Feb. 27, 1953 (see note 5). The funded indebtedness was converted to U.S. dollars at the rate of 40.33 cents to the reichsmark. Represents interest accrued under unpaid moratorium agreement annuities in the amount of 5,289,989 reichsmarks. Includes 4,027,611.95 reichsmarks deposited by the German Government in the Konversionskasse fur Deutsche Auslandsschulden and not paid to the United States in dollars as required by the agreement. Under the agreement of Feb. 27, 1953, the United States agreed to cancel and deliver to the German Government 24 reichsmarks bonds of 20,400,000 reichsmarks each, issued under the agreement of June 23, 1930, and receive 26 dollar bonds amounting to $97,500,000. These bonds mature serially over a period of 25 years beginning Apr. 1, 1953. The first 5 bonds are in amounts of $3,000,000 each, the next 5 in amounts of $3,700,000 each, and the remaining 16 in amounts of $4,000,000 each. |