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Relation of obligations to expendi

tures: 10 Total obligations.. 70 Receipts and other offsets (items

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11-17).

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Program by activities:
1. Federal-State unemployment

insurance:
(a) Withdrawals by States

for benefit payments.. (b) State administrative

expenses. (c) Federal administrative

expenses: Authorized program. Proposed increase

in limitation due

to pay increase.. (d) Expense of collecting Federal

unemployment tax. (e) Payment of interest on

advances... (f) Interest on refund of

taxes. (g) Temporary extended

unemployment compensation

(1961 act): Benefits... Repayment of gen

eral fund advances. (h) Temporary unemploy

ment compensation (1958 act), repayment of advances to

Treasury... 2. Railroad unemployment in(a) Withdrawals by Rail

road Retirement
Board for benefit

payments.
(b) Administrative

penses.
(c) Refund of borrowings

from Railroad retire

ment account. (d) Payment in interest on

borrowings from Railroad retirement

account... (e) Temporary extended

unemployment

compensation: Repayment of gen

eral fund advances.

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surance:

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The financial transactions of the Federal-State and Railroad unemployment insurance systems are made through the Unemployment trust fund. In the FederalState system, benefit payments are made by each State, financed by special State payroll taxes. These tax receipts are deposited in the Unemployment trust fund and are invested in Government securities until needed for benefit payments. The expenses of State and Federal administration (including those of the Federal-State employment service), are paid from the fund out of revenue from the Federal unemployment tax, assessed on employers, of 0.4% of the first $3 thousand of

wages. Both the benefit payments and administrative expenses of the separate unemployment insurance program for railroad employees are paid from the Unemployment trust fund and receipts from the tax on wages of railroad employees are deposited in the fund to meet these expenses.

On June 30, 1964, the cash balance of $6,858,526 thousand was distributed as follows among the various accounts maintained in the fund (in thousands of dollars): State unemployment trust accounts.

6.705,698 Railroad unemployment insurance account: Benefits and refunds...

5,313 Administrative expense account.

6,301 Employment Security Administration Account.

59,195 Federal unemployment account...

84,377 Unappropriated receipts...

-2,358

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Financing: 17 Recovery of prior year obliga

tions...
21 Unobligated balance available,

start of year:
Treasury balance
U.S. securities (par)
Gain from premium or dis-

count on investments...
24 Unobligated balance available,
end of

year:
Treasury balance.
U.S. securities (par).
Gain from premium or dis-

count on investments...

-22,790 -31,260 -2,128 -6,245,191 -6,827,077-7,496,557

58 8,722 8,400

The status of funds is as follows (in thousands of dollars):

1965 estimate 1966 estimate

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40,170 47,069 6,827,077 7,496,557

-8,722

-8,400

-8,000

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4,291,775

4,010, 264

3,981,687

Balance of fund, start of year. 6,276,762

6,858,526 7,535, 226

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15,328

39, 280

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1964 actual Cash income during year: 1. Federal-State unemployment in

surance:
Deposits by States.

3,042, 408 Federal unemployment tax re

ceipts (repayments of "Reed
Act" loans)-

8,242
Federal unemployment tax re-
ceipts...

797,691 Advances from General funds of

the Treasury:
Federal unemployment tax re-

ceipts (repayment of tempo-
rary extended unemployment

compensation, 1961 act).
Refund of taxes.

-4,291 Federal unemployment tax re

ceipts (repayment of 1958 act). 48,372 Unappropriated receipts.

-3,448 Advances from Employment security revolving fund..

-4,500 Advances from general fund for

temporary extended ployment compensation..

1 2. Railroad unemployment insurance:

Railroad unemployment insur-
ance tax receipts.

144,087
Borrowings from Railroad retire-
ment account

35,187 Deposit by Railroad Retirement

Board (Railroad retirement

insurance administration fund). 11,970 General fund advances to Rail

road insurance account. 3. Interest on investments.

212,608

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25.1 Other services...
41.0 Grants, subsidies, and contributions:

Withdrawals by Railroad Retirement

Board.. 42.0 Refunds, awards, and indemnities:

Payments to States. 43.0 Interest and dividends.. 92.0 Undistributed:

Payment to miscellaneous receipts as

reimbursements for administrative

expenses.Refund of borrowings from Railroad

retirement account. Repayment of advances from general

fund for temporary unemployment

compensation benefits.. 93.0 Administrative expenses (see separate

schedules):
“Railroad un

unemployment insurance
administrative fund".
"Salaries and expenses,

Bureau of Employment Security. "Grants to States for unemployment

compensation and employment serv. ice administration".

ene pec and 7227

F jud ofi top

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ing the for and catio acts

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Cash outgo during year: 1. Federal-State unemployment insur

Withdrawals by States for benefit

payments.
State administrative expenses.
Federal administrative expense:

Authorized program.
Proposed increase in limitation

due to pay increase... Expense of collecting Federal

unemployment tax...
Payment of interest on advances.
Interest on refund of taxes..
Temporary extended unemploy-

ment compensation:
Benefits.
Repayment of general fund

advances.. Temporary unemployment com

pensation (1958 act); repay

ment of advances to Treasury 2. Railroad unemployment insurance:

Withdrawals by Railroad Retire

ment Board for benefit pay. ments. Administrative expenses Refund of borrowings from Rail

road retirement account. Payment of interest on borrowing

from Railroad retirement ac

count... Temporary extended Railroad

unemployment insurance: Benefits.. Repayment of general fund

advances..

Totalobligations...

325, 402

14

Pregral

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Financing: 21 Unobligated balance available, start of

year: Treasury balance.

U.S. securities (par). 24 Unobligated balance available, end of year:

Treasury balance..

U.S. securities (par). 60 New obligational authority (appropria

tion)-.

financi i Recei

133,912

9.070

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18 533

9 477

403

par Dis

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Proposen

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The trust funds consist of amounts received from employers for the death of an employee where no person is entitled to compensation for such death and for fines and penalty payments. In 1964 receipts were $12 thousand and interest was $22 thousand (33 U.S.C. 908; 31 U.S.C. 725; 33 U.S.C. 944).

Receipts are used to pay compensation in cases where judgment against employers cannot be satisfied by reason of insolvency or other circumstances precluding payment, to provide necessary medical, surgical and other treatment in disability cases where there has been default in furnishing such medical treatment by reason of the insolvency of the employers; for payment of additional compensation for second injuries resulting in permanent total disability and to provide maintenance for employees undergoing vocational rehabilitation. In addition, under the subactivity, Administration of rehabilitation, provision is made for the costs of necessary rehabilitation services not otherwise available to disabled longshoremen and harbor workers.

Object Classification (in thousands of dollars)

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