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Personal property of the U.S. Government, as of June 30, 1960-Continued

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Personal property of the U.S. Government, as of June 30, 1960-Continued

[In thousands of dollars]

1 Includes materials for national defense.
Includes foreign currency loans amounting to $1,683,426,502 (see footnote 3).
* Includes foreign currency assets representing receivables recoverable in foreign cur-
rency, as well as balances of foreign currencies in U.S. depositaries, in the dollar equiv-
alent aggregating $2,453,662,769. These currencies, acquired without the payment of
dollars, were generated under various Government programs, principally the Agricul-
tural Trade Development and Assistance Act of 1954, as amended, and the Mutual
Security Acts, as amended. Dollar equivalents are computed, for reporting purposes,
to provide a common denominator for the currencies of the many countries involved.
The rates of exchange used in the conversion of foreign currency units to U.S. dollar
equivalent generally depend on the ultimate utilization of these currencies. Loans
and other foreign currency receivables that are dollar denominated in loan agreements
are valued at agreement rates of exchange. Loans stated in units of foreign currency and
receivables in currencies that are available for sale for dollars and certain other U.S.
uses are converted at market rates of exchange in effect on reporting dates, i.e., the rates
at which the Treasury sells such currency to Government agencies.

Excludes loans guaranteed by the Commodity Credit Corporation amounting to $155,796,782.

Includes certain figures on personal property for the Department of Defense not
included under the special section of real and personal property of that Department in
this report.
Does not include the principal of World War I debt accounts ($11,427,522,684) on
which payments have not been received since 1933.
7 Includes World War I indebtedness of Finland amounting to $5,922,291. Does not
include an amount of $28,102,000 representing loans to various States pursuant to the
act approved June 23, 1836, on which no payments have been received."
Less than $500.

NOTE.-All assets herein reported are shown in gross amounts, with no deductions
for allowances for losses and depreciation. Only wholly Government-owned corporation
assets and other wholly owned assets are included. Assets held under trust arrangements
and interagency assets, including public debt securities owned, are excluded. The
assets are, in the main, valued at acquisition cost (known or estimated).

Source: Furnished by Treasury Department.

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FISCAL SERVICE

Washington

REGULATION RELATING

TO THE SUBMISSION OF CERTAIN

FINANCIAL STATEMENTS BY GOVERNMENT AGENCIES

1956

Department Circular No. 966

Supplement No. 1

Fiscal Service
Bureau of Accounts

TREASURY DEPARTMENT,

OFFICE OF THE SECRETARY,
Washington, D. C., June 1, 1956.

To Heads of Departments and Agencies and Others Concerned:

The Treasury Department has been requested to furnish the Committee on Government Operations, House of Representatives, with information on properties and assets of the United States Government in connection with the committee's responsibilities for conducting a continuing study of the assets of the Government.

Accordingly, Department Circular No. 966, dated January 30, 1956, is amended as follows:

SCOPE

1. Paragraph 3 is amended by adding the following subparagraph d:

"d. Each executive agency and activity not included in the preceding subparagraphs."

PERIODIC REPORTS REQUIRED

2. The first sentence in paragraph 6 is amended to read as follows:

"Agencies responsible for the administration of corporate or noncorporate activities of the type specified in subparagraphs a, b, and c of paragraph 3 shall furnish all of the following periodic financial statements for each such activity whereas agencies referred to in subparagraph d or paragraph 3 are requested to furnish only the Statement of Financial Condition referred to in subparagraph a of this paragraph."

EFFECTIVE DATE

3. This supplement is effective immediately.

W. RANDOLPH BURGESS, Acting Secretary of the Treasury.

TREASURY DEPARTMENT

FISCAL SERVICE

Washington

INSTRUCTIONS UNDER SUPPLEMENT No. 1, TREASURY DEPARTMENT CIRCULAR No. 966

Relating to the submission of certain financial statements by Government agencies

AUTHORITY FOR INSTRUCTIONS

1. These instructions are issued pursuant to Supplement No. 1, dated June 1, 1956, to Treasury Department Circular No. 966 of January 30, 1956, which requires all executive agencies not heretofore reporting under this regulation to furnish the Treasury Statements of Financial Condition.

AGENCY LIAISON

2. All questions pertaining to the regulations or these instructions should be submitted to the Bureau of Accounts, Treasury Department.

COVERAGE OF REPORTS

3. The reports required shall cover all programs and activities under the control of the agency reporting including those operations conducted in the Territories or overseas. Trust programs or activities will be reported separately and identified as such. Agencies maintaining accounts at the bureau level will submit individual bureau reports without consolidation. Assets and liabilities accounted for at the departmental level and not included in the individual bureau reports should be reported separately so that all assets of the department will be included.

REPORTS REQUIRED

4. Executive agencies now reporting under Department Circular No. 966 will continue to do so in accordance with the provisions of the circular, and instructions issued pursuant thereto, except that an additional copy of the Statement of Financial Condition as of the end of each fiscal year and each schedule supporting such statement shall be submitted to the Treasury Department. All other appropriation and fund account activities not now being reported upon quarterly under Department Circular No. 966 shall be reported upon on a consolidated "Statement of Financial Condition," Standard Form 220, insofar as practicable, in accordance with the requirements of Section II of the instructions issued under Treasury Department Circular No. 966 with the following exceptions:

a. Supplemental schedules 1 through 5 supporting the Statement of Financial Condition will not be required. However, the supplementary statement indicating the basis of figures and special accounting practices required by paragraph 6 of the instructions shall be submitted for all activities and funds reported. Such supplementary statement may be furnished by November 1, if any agency finds that additional time is needed for its preparation.

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