3. Protection of monetary metals and coins.-Protection of the Government's holdings of gold and silver bullion and coin is maintained by armed guards and modern protective devices. 4. Refining gold and silver bullion.-Gold and silver bullion are refined in order to facilitate accountability, protection, and storage, and to bring the bullion up to a degree of purity suitable for use in the world markets. Charges are made against depositors of gold and silver for refinery services, but receipts are not available for payment of refining costs. During 1963, $280,447 were deposited to miscellaneous receipts. Object Classification (in thousands of dollars) Financing: 1 Selected resources as of June 30 are as follows: Unpaid undelivered orders, 1964, $0; 1965, $11,300 thousand. This provides for necessary expenses to construct a new Mint to replace the present Mint in Philadelphia in order to increase productive capacity to satisfy the public requirements for coins. Object Classification (in thousands of dollars) Program and Financing (in thousands of dollars)—Continued 1963 actual Program by activities-Continued (a) Distribution of coins.. (b) Coinage wastage and recoinage Appropriation pending in Congress: CONSTRUCTION OF MINT FACILITIES Program and Financing (in thousands of dollars) 500 Under existing legislation, 1964.—A proposed transfer is pending before Congress to provide planning funds for a new U.S. Mint in Philadelphia. BUREAU OF THE MINT PERMANENT APPROPRIATIONS (Indefinite, special funds) Program and Financing (in thousands of dollars) 42 Insurance claims and indemnities: The Bureau of Engraving and Printing designs, manufactures and supplies all major evidences of a financial character issued by the United States. It is the sole source of U.S. currency and Federal Reserve notes, various public debt instruments, and most of the minor evidences of a financial character issued by the United States, such as postage, internal revenue, customs and savings stamps. In addition, the Bureau prints a wide variety of miscellaneous commissions, certificates, etc., as well as postage and revenue stamps for the various territories administered by the United States. The Bureau finances its operations out of reimbursements received from other agencies for all direct and indirect costs, including administrative expenses (31 U.S.C. 181-181e). Deliveries of postage stamps were abnormally high in fiscal year 1963 to meet the needs of the Post Office Department as a result of the increase in postal rates which became effective January 7, 1963. The large decrease in requirements for the current and budget year is due to a return to normal demand. (c) Securities.-This program encompasses the production of a wide variety of bonds, notes, and debentures for the Bureau of the Public Debt and certain other agencies of the Government. The anticipated requirements of the agencies reflect an increase of 2.5% in 1964 and 7.3% in 1965 over 1963. (d) Commissions, certificates, etc.-The anticipated normal requirements of most of the agencies who requisition this type work reflect very little change in 1964 and 1965 as compared with 1963. The large increase in the unit deliveries for 1964 is due to a special project to be performed for the Department of Defense. However, the production costs associated with all of this miscellaneous work represents a very small percentage of the overall engraving and printing program of the Bureau. 2. Operation and maintenance of the incinerator and space utilized by other agencies.-Charges are made to other agencies on an actual cost basis for use of the incinerator and maintenance services provided for the space they occupy in the Bureau's buildings. 3. Other direct charges for miscellaneous services.Charges for a wide variety of miscellaneous services performed by Bureau personnel are made to the agencies concerned on an actual cost basis. Operating results and financial condition.-Bureau operations during 1963 resulted in a profit of $28 thousand. This amount will be retained to partially offset an accumulative loss of $64 thousand incurred in prior years. The remaining deficit of $36 thousand will be recovered from any profits accruing in subsequent years, in accordance with provisions of 31 U.S.C. 181-181e. Budget expenditures are expected to be in excess of receipts in the amount of $886 thousand in 1964 and $2,477 thousand in 1965. The capital of the fund is expected to remain at $25.3 million represented by an appropriation of $3.3 million and donated assets of $22 million. The anticipated work volume is based on estimates of requirements submitted by agencies served. The program comprises the following activities: 1. Engraving and printing-(a) Currency. The anticipated deliveries reflect an overall increase of 0.7% in 1964 and 2.3% in 1965 as compared with deliveries made in 1963. An analysis of the program discloses a substantial reduction in the requirements for U.S. currency with commensurate increases in the requirements for Federal Reserve notes due primarily to the replacing of $1 silver certificates with the issuance of $1 Federal Reserve notes in compliance with the provision of Public Law 88-36, approved June 4, 1963. (b) Stamps.-Estimated requirements for this class of work which comprises primarily postage and internal revenue stamps reflect a decrease of 23.4% in 1964 and 22.5% in 1965 from 1963. The decrease in the requirements for the current and budget year is due to changes in the demand for U.S. postage stamps in those years. Selected assets: 1 OPERATING EXPENSES 1962 actual 1963 1964 1965 actual estimate estimate COAST GUARD General and special funds: 3.314 5,587 4,700 2,223 2,082 2,778 2,031 2,031 65 14,503 146 18,525 28,978 29,265 29,331 29,454 Non-interest-bearing capital.. 25,251 Deficit.. Total Government equity. 4,203 25,251 25,251 25,251 -64 -36 25,187 25,215 25,251 25,251 4,635 3,453 1,611 78 -402-1,160 -399 -400 -400 23,582 20,901 22,600 25,200 25,187 25,215 25,251 25,251 For necessary expenses for the operation ard maintenance of the Coast Guard, not otherwise provided for, including hire of passenger motor vehicles; services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); purchase of not to exceed thirty-two passenger motor vehicles for replacement only; maintenance, operation, and repair of aircraft; recreation and welfare; and uniforms or allowances therefor, as authorized by the Act of September 1, 1954, as amended (5 U.S.C. 2131); [$249,000,000] $274,400,000: Provided, That the number of aircraft on hand at any one time shall not exceed one hundred and [forty-six] fifty-eight exclusive of planes and parts stored to meet future attrition: Provided further, That amounts equal to the obligated balances against the appropriations for "Operating expenses" for the two preceding years, shall be transferred to and merged with this appropriation, and such merged appropriation shall be available as one fund, except for accounting purposes of the Coast Guard, for the payment of obligations properly incurred against such prior year appropriations and against this appropriation: Provided further, That except as otherwise authorized by the Act of September 30, 1950 (20 U.S.C. 236-244), this appropriation shall be available for expenses of primary and secondary schooling for dependents of Coast Guard personnel stationed outside the continental United States in amounts not exceeding an average of [$285] $295 per student, when it is determined by the Secretary that the schools, if any. available in the locality are unable to provide adequately for the education of such dependents, and the Coast Guard may provide for the transportation of said dependents between such schools and their places of residence when the schools are not accessible to such dependents by regular means of transportation. (14 U.S.C.: 5 U.S.C. 150, 2094(b), 2254; 10 U.S.C. 1475, 1476; 26 U.S.C. 3111; 33 U.S.C. 243, 472, 748, 748a, 763c; 42 U.S.C. 1594b, c, d; 46 U.S.C. 1 note, 170(12), 170h, 239 (f), 362, 364, 366, 367, 369, 372. 375, 3826, 390a-f, 391, 392, 395, 404, 405, 408, 435, 455, 526, 527, 545, 660a, 672, 689, 738a; 50 U.S.C. 191, 194, Treasury Department Approprialion Act, 1964.) Program and Financing (in thousands of dollars) |