11398_1960-1964

1963

OTHER INDEPENDENT AGENCIES ADVISORY COMMISSION ON INTERGOVERN­ MENTAL RELATIONS

S a l a r ie s

1962

1961

actual

Current authorizations: and

E xpenses

For expenses necessary to carry out the provisions of the A ct of September 24, 1959 (73 Stat. 703-706), $375,000. (General Govern­ ment Matters, Department of Commerce, and Belated Agencies A p ­ propriation Act, 1962.)

7 3 6 3

54 15 5 4

2 15 6 1

Total obligations____________________

143

375

375

11 1 11 18 6.4 $5,608

27 3 26 27 9.0 $7,136

27 3 30 27 9.2 $7,497

Program by activities: Advisory Commission on Intergovernmental Relations (total program costs) 1_____ _ Total obligations __________________

Personnel Summary

1962

actual

estimate

1963

estimate

143

374 1

376 -1

143

375

375

375

375

Financing: Unobligated balance lapsing_______________

1

New obligational authority (appropriation)

144

1963

estimate

25 Other services________________________ Services of other agencies_____________ 26 Supplies and materials_________________ 31 Equipment______________________ ____

Program and Financing (in thousands of dollars) 1961

estimate

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

ALASKA INTERNATIONAL RAIL AND HIGHWAY COMMISSION Current authorizations:

I Includes capital outlay as follow s: 1961, $4 thousand; 1962, $4 thousand; 1963, $1 thousand. 8 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960. $7 thousand; 1961, $7 thousand; 1962, $8 thousand; 1963, $7 thousand.

T h is a p p ro p ria tio n p ro v id e s fo r co n tin u e d a tte n tio n b y th e C om m ission to in terrela tion s o f F e d e ra l, S tate, and lo ca l g overn m en ts. R ep resen ta tiv e s o f th e F e d e ra l, S ta te, a n d lo c a l g o v e r n ­ m en ts are b r o u g h t to g e th e r fo r co n sid e ra tio n o f c o m m o n p rob lem s, an d to p r o v id e a fo r u m fo r d iscu ssin g th e a d ­ m in istra tion an d co o r d in a tio n o f F e d e ra l g ra n t an d oth er p rogra m s requ irin g in te rg o v e rn m e n ta l c o o p e ra tio n . P ro p o se d F ed era l an d S ta te leg isla tiv e a n d a d m in is­ tra tiv e p rogra m s are d e v e lo p e d to co o rd in a te taxes a t all levels in ord er to re d u ce ta x o v e rla p p in g an d sim p lify th e ta x stru ctu re, a n d to re d u ce ta x p a y e r-co m p lia n ce co sts an d co sts o f ta x a d m in istra tion . T e ch n ica l assistan ce is p r o v id e d in th e re v ie w o f p r o ­ p o se d legislation to d eterm in e its o v e ra ll e ffe ct in th e F e d e ra l sy stem , a n d th e m o s t desirable a llo ca tio n s o f g o v e rn m e n ta l fu n c tio n s , re sp on sib ilities, a n d rev en u e a m o n g th e severa l le v e ls o f g o v e r n m e n t are re co m m e n d e d .

S a l a r ie s

an d

E xpenseb

Program and Financing (in thousands of dollars)

56

Financing: Unobligated balance brought forward_______

-4 8

New obligational authority (appropriation)

8

Object Classification (in thousands of dollars)

11 Personnel compensation: Permanent positions__________ Positions other than permanent. Other personnel compensation. .. Total personnel compensation__ Personnel benefits............................ Travel and transportation of persons. Transportation of things___________ Rent, communications, and utilities.. Communications________________ 24 Printing and reproduction__________ 12 21 22 23

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1961

estimate

88

196

8

21

1

97 6

13

217 15 32

1 I

6 25

1963

estimate

240 23 263 19 34 1 1 7 26

1963

estimate

T h e C o m m is sio n w a s esta b lish ed to s tu d y th e e c o n o m ic an d m ilita ry fe a sib ility o f a d d itio n a l rail an d h ig h w a y co n n e c tio n s b e tw e e n th e U n ite d S ta te s a n d A lask a. T h e final r e p o r t w as su b m itte d to th e C on g ress o n M a y 25, 1961.

actual

1962

1961

estimate

Program by activities: Study of rail and highway routes (total obligations)___ ____ ________ _____ ___

Object Classification (in thousands of dollars) actual

1962

1961

actual

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________

24 1 2

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________

27 2 8 1 2 16

Total obligations____________________

56

12 21 23 24 25

1962

estimate

1963

estimate

1963

ALASKA INTERNATIONAL RAIL AND HIGHWAY COMM ISSION—Continued

Program and Financing (in thousands of dollars)—Continued

S a la r ie s a n d E x p e n se s—

Continued

Program by activities—Continued Change in selected resources1_____________

Personnel Summary actual

estimate

1963

estimate

1963 estimate

-4 1,314

Total obligations.................... ........... . 1962

1961

1962 estimate

1961 actual

Current authorizations— Continued

21

1,360

1,550

1,360

1,550

Financing: 6

Total number of permanent positions................ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average salary of ungraded positions_________

2 1 3

New obligational authority (appropriation)

0

1 Selected resources as of June 30 are as follow s:

$12,153

1,320

I9 6 0

AMERICAN BATTLE MONUMENTS COMMISSION

1961 adjustments

1961

1962

1963

Stores____________ ____ ____ ___ _____ Unpaid undelivered orders__________

60 74

___ —6

51 73

45 79

45 100

T otal selected resources______

134

—6

124

124

145

Current authorizations: S a l a r ie s

and

E xpenses

For necessary expenses, not otherwise provided for, o f the Ameri­ can Battle M onum ents Commission, including the acquisition of land or interest in land in foreign countries; purchase and repair o f uniforms for caretakers o f national cemeteries and monuments outside o f the United States and its territories and possessions; not to exceed [$77,0003 980,000 for expenses o f travel; rent o f office and garage space in foreign countries; purchase (one for replace­ ment only) and hire o f passenger m otor vehicles; and insurance o f official m otor vehicles in foreign countries when required b y law o f such countries; [$ 1 ,3 6 0 ,0 0 0 ] $1,650,000'. Provided, That where station allowance has been authorized b y the Departm ent o f the Arm y for officers o f the Arm y serving the Arm y at certain foreign stations, the same allowance shall be authorized for officers of the Arm ed Forces assigned to the Com mission while serving at the same foreign stations, and this appropriation is hereby made available for the paym ent of such allowance: Provided further, T h at when travel­ ing on business o f the Com mission, officers of the Armed Forces serving as members or as secretary o f the Commission m ay be reimbursed for expenses as provided for civilian members o f the Commission: Provided further, T h at the Commission shall reimburse other G overnm ent agencies, including the Armed Forces, for salary, pay, and allowances o f personnel assigned to it. D e d ic a t io n

of

M e m o r ia l s

Not to exceed $46,000 shall be available until June 30, 1964, from the appropriation to the Commission for “ Salaries and expenses” , for the current fiscal year, fo r necessary expenses of appropriate dedi­ cations o f World War I I memorials, erected under the authority o f the Act of July 85, 1956 (36 U .S.C. 183), including travel and such other expenses as the Commission may deem necessary, and such amount may be expended without regard to such provisions of law, or regula­ tions relating to the expenditure o f public funds, as the Commission may deem proper (except that this exemption shall not be construed as waiving the requirement fo r a General Accounting Office audit): Provided, That, when in the discretion o f the head o f any other Governs ment agency it would be in the public interest, personnel, services, sup­ plies, equipment, and facilities o f such agency may be furnished without reimbursement to the Commission for the purposes of these dedications. (86 U.S.C. 181-138b; General Government Matters, Department o f Commerce and Related Agencies Appropriation Act, 1968.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: 1. Departmental— _____________________ 2. World War I memorials and cemeteries___ 3. World War II memorials and cemeteries... 4. Latin-American memorials and cemeteries. 5. Dedication of memorials_______________

82 381 847 8

94 369 889 8

142 413 920 8 46

Total program costs...............................

1,318

1,360

1,529

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The American Battle Monuments Commission main­ tains World War I and World War II American military cemeteries in foreign countries and memorials in the war areas to commemorate the participation of the American Armed Forces. There are 11 memorials and 8 cemeteries, each with a memorial chapel, at World War I sites, and 14 cemeteries and memorials at World War II sites. Interred in these cemeteries are the remains of 124,070 servicemen and women; an additional 91,511 missing and unidentified are commemorated by memorial structures inscribed with their names. In addition, the Commission maintains the U.S. National Cemetery, Mexico City, Mexico, and the Santiago, Cuba, Surrender Tree Site. Each year large numbers of American tourists and local citizens visit these cemeteries and memorials. The Commission is responsible also for planning and construction of military memorials and the appropriation includes funds for the preliminary plans for a proposed memorial on Guam. The program of construction of World War II cemeteries and memorials, financed under a separate appropriation that expires as of June 30, 1962, will be completed during 1963. There are two memorials, located at New York and Honolulu, to be dedicated, the last of which will be dedicated in 1963. Object Classification (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation.................

761 20 68

810 20 67

840 20 93

Total personnel compensation.............. Personnel benefits_____________ ____ Travel and transportation of persons.......... Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment_____________________ ____ -

849 140 37 6 52 2 70 144 18

897 148 66 4 50 4 56 121 14

953 150 80 9 53 2 126 140 16

Total costs....................... ......... - ..........

1,318 -4

1,360

1,529 21

Total obligations_________________ —

1,314

1,360

1,550

12 21 22 23 24 25 26 31

1963

Program and Financing (in thousands of dollars)—Continued

Personnel Summary 1961

1962

actual

Number of employees at end of year_________

1963

estimate

405 22 427 439 6.3 $5,709 $1,423

estimate

405 22 427 440 6.3 $5,845 $1,500

409 22 431 442 6.4 $6,008 $1,491

Financing: Unobligated balance brought forward..........

1961 actual

1962 estimate

-2,460 2,003

-2.003

1963 estimate

1,378 New obligational authority (appropriation) Object Classification (in thousands of dollars)

[C

o n s t r u c t io n

of

M

e m o r ia l s

and

C

e m e t e r ie s ]

[A ppropriations heretofore granted under this head shall n ot be available for obligation after June 30, 19 62 .] (36 U.S.C. 121-138b; General Government Matters, Department o f Commerce and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1962 estimate

1861 actual

Program by activities: 1. Administration______________ ____ __ 2. Construction: (a) European theater_______________ (b) Mediterranean theater__________ (c) Pacific theater_________________ (d) United States__________________ 3. Dedication of World War II memorials and cemeteries_________ ______ _____ Total obligations________ _____ —

11 Personnel compensation: Permanent positions_________ Positions other than permanent. Other personnel compensation..

56 4 76

66

Total personnel compensation 12 Personnel benefits_____________ 25 Other services............................. 32 Lands and structures___________

136 5 61 255

98 2 3 522

457

625

10 1 11 7 6.3 $5,709 $1,423

6

1963 estimate

Total obligations____________

32

Personnel Summary 147

115

144

175 47 280

8

63 42

Total number of permanent positions... Full-time equivalent of other positions. Average number of all employees_____ Number of employees at end of year__ Average GS grade__________________ Average GS salary........ ..................... . Average salary of ungraded positions...

8

53 457

6 2 6.3 $5,845 $1,500

625

CENTRAL INTELLIGENCE AGENCY C

o n s t r u c t io n

Current authorizations: Program and Financing (in thousands of dollars) Costs t o this appropriation

T o June 30, 1960

Program by activities: 1. Design, specifications and supervision_______________________ 2. Construction of building------------------- ------------------------------Total program costs_____________________________ _______ Change in selected resources1.................... .......... ........ ................ .

1961 actual

1962 estimate

Analysis o i 1963 financing

1963 estimate

D ed u ct se­ lected re­ sources and unobligated balance, start o f year

A d d se­ lected re­ sources and unobligated balance, end o f year

2,032 16,613 8,245

265 18,325

636 5,864

127

2,520

2.393

26,890

18,590 -17,189

6,500 -3,81 9

127 -127

2.520

2.393

1,401

2,681

-6,475 5,074

-5,074 2.393

Financing: Unobligated balance brought forward_____________ ____ ____________________ Unobligated balance carried forward_______________________________________

A ppropri­ ation required, 1963

-2.393 2.393

New Obligational Authority________________________ _____ ____________ 1 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, I960, $21,135 thousand; 1961. $3,946 thousand; 1962, $127 thousand; 1963, $0.

1. Design, specifications, and supervision.— Plans for the new headquarters installation were completed in calendar year 1958. 2. Construction of building.—From the $54,500 thousand appropriated in prior years a contract for excavation and

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foundations was awarded in 1958 and work was completed in early 1960. A contract for the superstructure was awarded in March 1959 and will be completed in early 1962.

1963

CENTRAL INTELLIGENCE AGENCY— Continued

Program and Financing (in thousands of dollars)—Continued

Current authorizations— Continued

1961 actual

1962 estim ate

1963 estim ate

C on s t b t j c t i o n — Continued Financing:

Object Classification (in thousands of dollars) 1061 actual A L L O C A T IO N

9

1962 estimate

1963 estimate

ACCOUNTS

5 244

26 Supplies and materials_________________ 31 Equipment________________ __________ 32 Lands and structures___________________

104 1,048

22 2 8 454 9 4 360 1,822

Total obligations____________________

1,401

2,681

Obligations are distributed as follows: General Services Administration___________ Bureau of Public Roads__________________ Other Agencies_________________________

1,357

1,981 300 400

8,890

9,900

7,852

8,900

9,900

44

Transferred to “Operating Expenses, Public Buildings Service,” General Services Ad-1 0 Appropriation (adjusted)______________

Personnel Summary A L L O C A T IO N A C C O U N T S

20 4 0 5.1 $4,693

Average niunber of all employees____________ Number of employees at end of year_________ Avprajip fiS grad*

CIVIL AERONAUTICS BOARD Current authorizations: and

E

xpenses

For necessary expenses o f the Civil Aeronautics Board, including em ploym ent of tem porary guards on a contract or fee basis ;not to exceed $1,000 fo r official reception and representation expenses; hire, operation, maintenance, and repair of aircraft; hire o f passenger m otor vehicles; and services as authorized b y section 15 of the Act o f August 2, 1946 (5 U.S.C. 55a), at rates for individuals not to exceed $100 per diem ; £$8,900,000] $9,900,000. (49 U.S.C. 18011826, 1371-1886, 1422, 1429, 1441-1610, 1631-1642; 16 U.S.C. 21; 71 Stat. 629; Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 actual

Program by activities: 1. Economic regulation__________________ 3. Board adjudication, executive and legal staff activities______________________

Total obligations____________________

1962 estim ate

1963 estimate

4,368 1,585

4,749 2,162

5,102 2,688

1,166 633

1,278 702

1,338 772

7,751 92

8,890

9,900

7,843

8,890

9,900

1 Includes capital outlay as follow s: 1961, $74 thousand; 1962 $75 thousand; 1963, $81 thousand. 2 Selected resources as of June 30 are as follow s: 1961 I9 6 0 adjustments

1961

1962

1963

Unpaid undelivered orders________

3 96

-1 4

3 174

3 174

3 174

T otal selected resources-----

99

— 14

177

177

177

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7,852

New obligational authority:

11 Personnel compensation: Permanent posi­ tions______________________________ 12 Personnel benefits_____________________ 24 Printing and reproduction______________ 25 Other services_________________________

S a l a b ie s

New obligational authority____________

7,852

8,890

9,900

The Board regulates the economic aspects of air carrier operations, both domestic and international; investigates aircraft accidents; participates in the development of international air transportation; and participates in the development of safety rules and standards. The increase proposed for 1963 is for expansion in certain critical pro­ gram areas, primarily in the routes, rates and safety areas. 1. Economic regulation.— This includes granting certifi­ cates of public convenience and necessity, prescribing or approving rates and rate practices of air carriers, fixing mail rate compensation, prevention of unfair competition, approval of business relationships between air carriers, and adjudication of complaints alleging violations of civil air regulations. 2. Safety activities.— These consist of the investigation and the determination of probable cause of civil aircraft accidents and the investigation of potential hazards and recommendation of preventive measures to avoid accidents in the future. 3. Board adjudication, executive and legal staff activi­ ties.— In addition to adjudication of cases, program plan­ ning, and top policy and decision making functions of the Board, legal advice and assistance is provided on all aspects of economic, regulatory, and safety activities; opinions of the Board are prepared; and litigation matters are handled. SELECTED

W ORKLOAD

DATA

1961 actual

Route and related matter cases completed: By formal hearing__________________ Without hearing___________________ Final subsidy rates issued_____________ Commercial rate cases and matters processed___________ _____________ Examiner decisions issued: Economic hearing cases_____________ Safety appeal cases_________________ International air agreements, consulta­ tions, and negotiations______________ Field audits (years of carrier operations audited)__________________________ Economic enforcement: Passenger and shipper complaints re­ ceived__________________________ Enforcement actions completed______ Aircraft accident investigations made___

1962 estimate

1963 estimate

81 578 34

96 475 41

105 475 32

1,669

1,457

1,527

72 83

75 85

83 85

39

46

48

70

77

71

1,300 583 829

1,430 588 1,096

1,570 590 1,151

Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

11 Personnel compensation:

Total personnel compensation_______

6,218 9 72

6,967

7,659

57

59

6,299

7,024

7.718

1963

Object Classification (in thousands of dollars)—Continued 1961

actual 12 Personnel benefits.. __________________ 21 Travel and transportation of persons_____

1962

estimate

1963

estimate

461 389 11 188 89 55 112 68 78

519 520 26 211 103 161 144 93 90

569 646 28 300 104 208 131 100 97

Total costs_________________________

7,751 92

8,890

9,900

Total obligations____________________

7,843

8,890

9,900

23 Rent, communications, and utilities_____ 24 Printing and reproduction______________ 25 Other services________________________ 31 Equipment___________________________

Personnel Summary 802 1 758.4 760 9.6 $8,244

Total number of permanent positions_________ Number of employees at end of year_________ Average GS salary________________________

P aym

ents

to

A

ir

C

a r r ie r s

A

(L

iq u id a t io n

u t h o r iz a t io n

of

873

948

839.2 851 9.7 $8,293

912.4 924 9.8 $8,329

C

ontract

)

For payments to air carriers of so much of the compensation fixed and determined by the Civil Aeronautics Board under section 406 of the Federal Aviation Act of 1958 (49 U.S.C. 1376), as is payable by the Board, [$78,250,000] $84,578,000, of which not to exceed [$6,000,000] $6,850,000 shall be available for subsidy for helicopter operations during the current fiscal year, to remain available until expended. (89 U.S.C. 488(d ); 49 U.S.C. 402; Independent Offices Appropriation Act, 1962.)

1961

1962

estimate

1963

1961 actual

1962 estim ate

1963 estim ate

57,201 5,583 9,272 269

66,025 6,000 8,905 1,000

71,423 5,850 7,801 1,000

72,325

81,930

86,074

Total earnings_______________ Earnings in prior years recorded within the year........... ................. ............ Reduction of earnings recorded in prior years____________________ Earnings of the year recorded in later years_________________________

—1,290

Total program costs—obligations (less recoveries)_____ ______

79,294

9,120

64,902 5,061 9,813 377

80 68,492 ’ "7 M 2 3 6,736 5,850 9,032 7,801 1,000 1,000

Total program costs—obligations (ob­ ject class 41)_____________________

80,155

85,340

86,074

3,410 ..................

—861

-1,15 2

-1,832

84,188

84,242

The following analysis shows the subsidy outlook for 1963 under final Board actions: C A R R IE R U N IT S N onsu isidi zed

Subsi­ dized

Local service operations___ Helicopter operations_____

13 3

—

estimate

Local service operations________________ Helicopter operations__________________ Alaskan operations____________________ Hawaiian operations_________________ _

Financing: New obligational authority (contract authori­ zation) (permanent indefinite)___________

Estimated subsidy earnings under final Board action: Local service operations___________ Helicopter operations_____________ Alaskan operations_______________ Hawaiian operations______________

11

Program by activities: 2. 3. 4. 5.

E S T IM A T E D S U B S ID Y E A R N IN G S A N D O B L IG A T IO N S R E L A T E D TO A P P R O P R IA T IO N S

Domestic:

Program and Financing (in thousands of dollars) actual

the Civil Aeronautics Board, and the service portion is paid by the Post Office Department. The obligations shown above, less the obligated bal­ ances recovered, reflect the amounts recorded each year as due the air carriers. These sums cover services per­ formed during the year, computed at rates then in effect, plus or minus such adjustments as are needed to reflect the issuance, during the year, of rate orders affecting prior years. Approximately 1 to 2 months of obligations are due but unpaid at the end of any year. The following table reflects the estimated amounts be­ coming due finally for each year, together with the adjust­ ments between years (in thousands of dollars):

Alaskan operations,— Hawaiian operations.

1

9 2

11

'All domestic trunklines are in non­ subsidized status. Subsidy need for local service operations has increased as a result of certifica­ tion of additional routes and acquisition of new equipment. Subsidy will continue to support helicopter operations. Subsidy will continue to support routes between continental United States and Alaska and to remote localities. Interna­ tional operations are in nonsub­ sidized status.

Intragovernmental funds: A

dvances

and

R

e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 80,155

85,340

86,074 1961

1962

actual

estimate

1963

estimate

Status of Unfunded Contract Authorization (in thousands of dollars) Program by activities: Unfunded balance brought forward__________ Contract authorization (indefinite)__________ Administrative cancellation of contract author­ ization 1_______________________________ Unfunded balance carried forward___________

4,922 80,155

1,717 85,340

7,655 86,074

-86 0 -1,717

-1,152 -7,655

-1,832 -7,319

Appropriation to liquidate contract au­ thorization_______________________

82,500

78,250

84,578

1 A djustm ent of obligations of prior years.

The Board fixes rates for transportation of airmail to promote the development of air transportation required for the commerce of the United States, the postal service, and the national defense. Many of these rates include an element of subsidy. The subsidy portion is paid by

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Total obligations___________________

5

2 13

9

5

15

9

5

15

9

Financing: Advances and reimbursement from other

Object Classification (in thousands of dollars) 11 Personnel compensation________________ 12 Personnel benefits_____________________

4

13 1 1

8 1

Total obligations____________________

5

15

9

1963

CIVIL SERVICE COMMISSION

P R O D U C T IO N C O U N T 1961 actual

Current authorizations: S a l a r ie s

and

E

xpenses

For necessary expenses, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); not to exceed $10,000 for medical examinations performed for veterans by private physi­ cians on a fee basis; payment in advance for library membership in societies whose publications are available to members only or to members at a price lower than to the general public; not to exceed $83,000 for performing the duties imposed upon the Commission by the Act of July 19, 1940 (54 Stat. 767); reimbursement of the Gen­ eral Services Administration for security guard services for protec­ tion of confidential files; and not to exceed $5,000 for actuarial services by contract, without regard to section 3709, Revised Statutes, as amended; [$21,349,000J $22,190,000, o f which $3,275,000 shall be derived by transfer from the Civil service retirement and dis­ ability fund: Provided, That no part of this appropriation shall be

available for the Career Executive Board established by Executive Order 10758 of March 4, 1958, as amended. No part of the appropriations herein made to the Civil Service Commission shall be available for the salaries and expenses of the Legal Examining Unit in the Examining and Personnel Utilization Division of the Commission, established pursuant to Executive Order 9358 of July 1, 1943. (5 U.S.C. 22-1, 7Sb-3, 150, 881-642, 645c645e, 652, 851-869, 901-958, 1010-1052, 1071-1188, 1151, 1161, 1162, 2001-2007, 2061-2066, 2121-2123, 2251-2267, 2281-2288, 2301-2819 ; 28 U.S.C. 2671-2680; 89 U.S.C. 8811, 8812, 8502; 40 U.S.C. 42, 491; 50A U.S.C. 459, 2160; 65 Stat. 757; 66 Stat. 122; 68 Stat. 1115; 70 Stat. 721; Executive Orders 9880, Feb. 24, 1947; 10000, Sept. 16, 1948; 10242, M ay 18, 1951; 10422, Jan. 9, 1958; 10450, A pr. 27, 1953; 10530, M ay 10, 1954; 10540, June 29, 1954; 10552, Aug. 10, 1954; 10556, Sept. 1, 1954; 10590, Jan. 18, 1955; 10647, Nov. 28, 1955; 10774, July 85, 1958; 10826, June 25, 1959; 10869, M ar. 9 ,1 9 6 0 ; 10880, June 7 ,1 9 6 0 ; Independent Offices Appropriation Act, 1962). Program and Financing (in thousands of dollars) 1961 actual

Program by activities: 1. Recruiting and examining______________ 2. Investigation of character and fitness for employment________________ ______ 3. Inspections and classification audits_____ 4. Administration of the retirement systems.. 5. Developing programs and standards_____ 6. Appellate functions___________________ 7. Executive and administrative services____ Total program costs_________________ Change in selected resources 1_______________ Total obligations___ . ____ _______ Financing: Comparative transfer from other accounts___ Advances and reimbursements from nonFederal sources (annual apppropriation acts): Civil service retirement and dis-

1962 estimate

1963 estimate

6,211

6,476

6,688

3,831 2,711 2,855 1,670 1,101 2,377 20,756 36 20.7J2

3,764 2,856 3,027 1,706 1,095 2,431

3,882 2,899 3,275 1,755 1,117 2,568 22,184 6 22,190

21,355 -6 21,349

-3 5

-3,275 New obligational authority (appropriation)

4 20,761

21,349

18,915

1 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $132 thousand (1961 adjustments — $6 thousand); 1961, $162 thousand; 1962, $156 thousand; 1963, $162 thousand.

1963 estimate

1,861 5,959

3,500 6,000

3,500 6,000

T otal,.............................. ........

7,820

9,500

9,500

Applications processed by— The Commission_________________ Boards of examiners______________

504,121 1,589,354

478,000 1,535,000

482,600 1,535,400

Total_______________________

2,093,475

2,013,000

2,018,000

2. Investigation oj character and fitness fo r employment.-— The Commission conducts most of the investigations re­ quired for security determinations of persons being em­ ployed in sensitive positions, and fitness investigations of all persons entering nonsensitive positions. The Com­ mission also conducts other investigations connected with appeals and the merit system. P R O D U C T IO N C O U N T 1961 actual

1962 estimate

1963 estimate

266,200 4,830 6,136

266,200 4,830 6,356

Agency check and inquiry cases-......... __ 262,070 Suitability cases_____________________ 4,945 Other personnel investigations_________ 4,863

3. Inspections and classiHcation audits.— The Com­ mission inspects agency personnel operations to insure compliance with civil service laws and regulations and to stimulate improvement in personnel practices. The Commission also conducts classification reviews to insure compliance with classification standards and promotes interagency training programs for Federal employees. 4. Administration oj the retirement systems.— Admin­ istering the Civil Service Retirement Act and other benefit acts involves adjudicating annuity, death, benefit, refund, and deposit claims as well as maintaining the control accounts for the fund and making payments to annuitants and other claimants. This estimate proposes to finance the cost of this activity by transfer from the Civil service retirement and disability fund. P R O D U C T IO N C O U N T 1961 actual

Annuity and death claims_________ Refund claims__________________ Claims for deposit________________ Inquiries________________________

1962 estim ate

94,420 141,474 27,542 243,632

1963 estimate

106,000 146,600 28,200 256,200

114,500 159,800 22,700 272,100

5. Developing programs and standards.— The Commis­ sion develops programs, devises tests, issues standards and regulations, and proposes legislation to improve the Federal personnel system for both competitive and non­ competitive positions. 6. Appellate junctions.-—-These consist of hearing and taking action on appeals; administering the political activities statutes; and providing advice to agencies and individuals regarding rights of appeal.

1. Recruiting and examining.— Most appointments in the competitive civil service are made under the open competitive merit system through examinations held by the office of the Commission and its boards of examiners, made up of agency personnel operating under the super­ vision of the Commission. Appointments through such 11 competitive examinations will accord career or careerconditional status. Physically handicapped persons are given special placement attention. Veterans are aided in securing the benefits to which they are entitled.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estim ate

Examinations announced by— The Commission_________________ Boards of examiners______________

Object Classification (in thousands of dollars) 1961

actual Personnel compensation:

Total personnel compensation-----------

1962

estimate

1963

estimate

16,484 116 422

17,290 106 22

17,574 106 22

17,022

17,418

17,702

1963

Object Classification (in thousands of dollars)—Continued 1961

actual 17 21 77 23 7,4 25

Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Services of other agencies_____________ 76 Supplies and materials_________________ 31

1962

estimate

1963

estimate

1,245 500 116 795 467 175 93 221 157

1,285 548 116 808 468 219 94 221 171

1,295 548 116 824 498 177 94 221 715

20,792

21,349

22,190

of Investigation for conducting investigations of U.S. citizens considered for employment in international organ­ izations of which the U.S. Government is a member. The reports of these investigations are forwarded to the International Organizations Employees Loyalty Board of the Civil Service Commission which makes advisory de­ terminations under the loyalty standard. The advisory determinations are transmitted, through the Secretary of State, to the Secretary General of the United Nations, or the executive heads of other international organizations. Object Classification (in thousands of dollars) 1961

1962

actual Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

I

n v e s t ig a t io n

of

U I

2,615 23 2,488 2,490 7.3 $6,704

2,799 21 2,592 2,620 7.4 $6,742

St a t e s C i t i z e n s f o b E n t e b n a t io n a l O b g a n iz a t io n s n it e d

2,770 21 2,639 2,650 7.3 $6,679

m ploym ent

by

For expenses necessary to carry out the provisions of Executive Order No. 10422 of January 9, 1953, as amended, prescribing pro­ cedures for making available to the Secretary General of the United Nations, and the executive heads of other international organizar tions, certain information concerning United States citizens em­ ployed, or being considered for employment by such organizations, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), [$430,000] $518,000-. Provided, That this appropriation shall be available for advances or reimbursements to the applicable appropriations or funds of the Civil Service Commis­ sion and the Federal Bureau of Investigation for expenses incurred by such agencies under said Executive order: Provided further, That members of the International Organizations Employees Loy­ alty Board may be paid actual transportation expenses, and per diem in lieu of subsistence authorized by the Travel Expense Act of 1949, as amended, while traveling on official business away from their homes or regular places of business, including periods while en route to and from and at the place where their services are to be performed: Provided further, That nothing in sections 281 or 283 of title 18, United States Code, or in section 190 of the Revised Statutes (5 U.S.C. 99) shall be deemed to apply to any person because of appointment for part-time or intermittent service as a member of the International Organizations Employees Loyalty Board in the Civil Service Commission as established by Executive Order 10422, dated January 9, 1953, as amended. ( Independent

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Total personnel compensation_______ 12 Personnel benefits_____________________ 21 Travel and transportation of persons_____ 25 Other services________________________ Civil Service Commission background investigations_____________________ Services of Federal Bureau of Investiga­ tion_________ _________ ________ Total obligations..... ........ ..............

1961

actual

1962

estimate

1963

estimate

Program by activities: 371 61 432

386 44 430

492 20 512

Financing:

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary_____________ _________

A

n n u it ie s

U

nder

462

430

512

1 Selected resources of June 30 are as follow s: Unpaid undelivered orders, 1960, $41 thousand (1961 adjustm ents—$1 thousand); 1961, $101 thousand; 1962, $145 thousand; 1963, $165 thousand.

Investigations.— This appropriation is used primarily to pay the Civil Service Commission and Federal Bureau

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

44 12

44 19

54 4 3 1

56 4 3 1

63 4 6 1

336

333

399

34

33

39

432

430

512

5 1 6 11 7.3 $6,704

5 1 6 11 7.4 $6,742

5 2 7 11 7.3 $6,679

Sp e c ia l A

cts

For payment of annuities authorized by the Act of May 29, 1944, as amended (48 U.S.C. 1373a), and the Act of August 19, 1950, as amended (33 U.S.C. 771-775), [$2,248,000] 92,113,000. (Inde­ pendent Offices Appropriation Act, 1968.) Program and Financing (in thousands of dollars) 1961

Program by activities: 1. To employees engaged in construction of the Panama Canal__________________ 2. To widows of former employees of the Lighthouse Service__________________

1962

estimate

1963

estimate

1,728

1,834

1,708

393

414

405

Total program costs—obligations (object class 13)________________

2,122

2,248

2,113

Financing: Unobligated balance lapsing______________

194 2,248

2,113

New obligational authority (appropriation)

30

610200— 62------- 50

42 12

actual

Program and Financing (in thousands of dollars)

1963

estimate

Personnel Summary

Offices Appropriation Act, 1968.)

New obligational authority (appropriation)

estimate

2,316

Annuities are paid to persons who were employed on the construction of the Panama Canal, or to their widows; and benefits are paid to widows of former employees of the Lighthouse Service. Panama Canal annuitants_________ Lighthouse Service widows________

J u n e 30. 1961

J u n e 30, 1962

J u n e 30 . 1963

1,902 434

1,752 433

1,597 427

1963

CIVIL SERVICE COMMISSION—Continued Current authorizations— Continued G

overnm ent

Paym

ent

for

B

A

n n u it a n t s ,

e n e f it s

F

E

m ployees

H

ealth

und

F or paym ent to the “ Em ployees health benefits fund” o f Govern­ m ent contributions with respect to annuitants, as authorized by section 7 o f the Federal Em ployees Health Benefits A ct (73 Stat. 713), [$ 4 ,5 00 ,0 00 ] $6,400,000, to remain available until expended. {Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 aotual

1962 estimate

This appropriation is used (1) to cover the Government's share of the cost of health insurance for employees who were retired when the Retired Federal Employees Health Benefits Act became effective; and (2) to cover the Government’s contribution for administrative expenses of the Commission. There was no limit on administrative expenses in 1961 and 1962 when this program was being established. Beginning in 1963, however, the Govern­ ment’s share of administrative expenses is limited to 2% of its contribution. The use of these funds is reflected in the schedules for the Retired employees health benefits fund. Object Classification (in thousands of dollars)

1963 estimate

1962 estimate

1961 actual

Program by activities: Government contributions for annuitants benefits (total program costs—obligations) (object class 12)_________________ ____

2,500

2,877

7,023

Financing: -1,623

1963 estimate

1,213 412

13,328 472

14,118 282

1,625

13,800

14,400

1,623 New obligational authority (appropriation)

2,500

4,500

5,400 [P

This appropriation is used to cover the Government’s share of the cost of health insurance for certain annuitants as defined in the Federal Employees Health Benefits Act of 1959. In addition to the amount requested for 1963 ($5.4 million), an estimated $1.6 million will be available in the fund from the preceding year’s appropriation. It is estimated that over 127 thousand eligible employee and survivor annuitants will participate in this program by the end of 1963. The use of these funds is reflected in the schedules for the Employees health benefits fund.

G

overnm ent

C

o n t r ib u t io n

B

, R

e n e f it s

e t ir e d

F

E

m ployees

H

ealth

und

For paym ent to the “ Retired employees health benefits fu nd” of G overnm ent contributions w ith respect to retired employees, as authorized b y section 4 of the Retired Federal Em ployees Health Benefits A ct (74 Stat. 850), [$1 9,00 0,00 0] $9,200,000, to remain available until expended; Provided, That the unexpended balance of the appropriation granted under this head fo r the fiscal year 1962 shaU be merged with this appropriation. (Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Program by activities:

Total program costs—obligations____

1,213

13,328

14,118

412

472

282

1,625

13,800

14,400

Financing: Unobligated balance lapsing__________ ____ New obligational authority____________

aym en t to

1,625

19,000

e t ir e m e n t a n d

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1,625

19,000

is a b il it y

F

und

]

Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

Program by activities: Payment of Government share of retirement (total program costs—obligations) (object class 12)____ ______________________

46,329

44,637

Financing: New obligational authority (appropriation)___

46,329

44,637

1963 estimate

Payment of increased benefits which certain civil service annuitants have received since 1958, is no longer depend­ ent on the requirement that funds be provided by an annual appropriation covering the cost of such benefits. Accordingly, rescission of the 1962 appropriation is pro­ posed for separate transmittal. No amount is included in the 1963 estimates for pay­ ment to the Fund beyond the Government’s contribution which matches employee deductions. Legislation has been proposed to provide a long-range basis for financing the system. Proposed fo r separate tran sm ittal: to

C iv il

Se r v ic e

R

e t ir e m e n t

and

D

is a b il it y

F

und

Program and Financing (in thousands of dollars) 14,400 1961 actual

New obligational authority: Appropriation___________________________ Reappropriation_________________________

D

[F o r financing the annuity benefits and increases provided b y the A ct o f June 25, 1958 (72 Stat. 218), $44,637,000, to be credited to the civil service retirement and disability fund: Provided, That the Civil Service Commission shall include annually, in its estimates to the Bureau o f the Budget, estimates o f the appropriations necessary to reimburse the civil service retirement and disability fund for the am ounts paid out of the fund b y reason o f the enactm ent o f Public Law 85—465, and the Bureau of the Budget shall subm it such esti­ mates annually to the C on gress.] (Independent Offices A ppropria­ tion Act, 1962.)

P aym ent

5,200

C iv il Se r v ic e R

9.200 5.200

Financing: Proposed rescission of appropriation_______

1962 estimate

-4 4 ,6 3 7

1963 estimate

1963

Under existing legislation, 1962.— 75 Stat. 241 repealed the requirement for a specific appropriation to cover the cost of annuities and increased annuities as specified in the act of June 25, 1958 (72 Stat. 218).

L

im it a t io n

on

A

d m in is t r a t iv e

B

E

e n e f it s

xpen ses,

F

E

m ployees

H

ealth

und

(Trust fund) N ot to exceed [$ 1 ,0 7 4 ,0 0 0 ] $1,627,000 o f the funds in the “ Em ­ ployees health benefits fu nd” shall be available for reimbursement to the Civil Service Com mission for administrative expenses in­ curred by the Commission during the current fiscal year in the administration of the Federal Em ployees Health Benefits A ct of 1959 (73 Stat. 713), including services as authorized b y section 15 of the A ct o f August 2, 1946 (5 U.S.C. 55a). (Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

estimate

Program by activities: Payments to salaries and expenses (total pro­ gram costs—obligations) (object class 25)

Intragovemmental funds: I

n v e s t ig a t io n s

(R

e v o l v in g

Fund)

Program and Financing (in thousands of dollars)

1962

actual

1. Administration of the basic insurance program.— The Federal Employees’ Group Life Insurance Act (5 U.S.C. 2091-2103), provides that the Employees life insurance fund is available for any expenses incurred by the Civil Service Commission in the administration of the act within such limitation as may be specified annually in appropriation acts. The use of these funds is reflected in the schedule for Advances and reimbursements. 2. Beneficial association work.— Expenses are incurred for functions pertaining to maintenance by the fund of life insurance agreements of employee beneficial associa­ tions.

1,074

1963

1,527

Financing: 1,074

1961

estimate

1,527

The Federal Employees Health Benefits Act (73 Stat. 713), provides that beginning in 1962 the health benefits fund is available for administrative expenses incurred by the Commission, within such limitations as may be speci­ fied annually by the Congress. The act also authorized the Commission, for 1960 and 1961, to pay for these ad­ ministrative expenses from the Employees’ life insurance fund without regard to limitation, subject to reimburse­ ment from the Employees health benefits fund for any amounts expended in those years together with interest. The use of these funds is reflected in the schedule for advances and reimbursements.

actual

1962

estimate

1963

estimate

Program by activities: Operating costs, funded: Cost of services Capital outlay: Purchase of equipment____

8,582 72

9,888 225

9,363 150

Total operating costs, funded and capital outlay___ __________ ______ _ Change in selected resources 1............... ........

8,654 698

10,113 -443

9,513 -8 5

Total obligations .................................

9,352

9,670

9,428

8,671 3,788 677

9,975 3,758 -449

9,450 3,587 -7 5

Repayment of capital investment___ ____ Unobligated balance carried forward_______

-1 -2 4 -3,758

-1 -2 6 -3,587

-3,53 4

Financing applied to program.................

9,352

9,670

9,428

Financing: Revenue and other receipts: Sales and Unobligated balance brought forward______ Change in unfilled customers’ orders.............. Capital transfers:

1 Balances of selected resources are identified on the statement of financial con­ dition. L

im it a t io n

on

A

d m in is t r a t iv e

I

n surance

E xpen ses, E F und

m ployees

L if e

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

(Trust fund) N ot to exceed [$ 2 6 0 ,0 0 0 ] $266,000 o f the funds in the “ E m ­ ployees life insurance fu nd” shall be available for reimbursement to the Civil Service Commission for administrative expenses in­ curred by the Commission during the current fiscal year in the administration of the Federal Em ployees’ G roup Life Insurance A ct o f 1954, as amended (5 U.S.C. 2091-2103), including services as authorized b y section 15 o f the A ct o f August 2, 1946 (5 U.S.C. 55a): Provided, That this lim itation shall include expenses incurred under section 10 of the Act, not withstanding the provisions of section 1 o f Public Law 85-377 (5 U.S.C. 2094(c)). (Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1962

1961

actual

estimate

1963

estimate

Program by activities: 1. Administration of the basic insurance 107 147

116 144

122 143

254

260

265

260

265

Total program costs—obligations (object Financing:

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

6 260

1961

actual Obligations (from program and financing)____ Increase ( —) or decrease in gross unpaid

9,352 -151

1962

estimate 9,670 -I

1963

estimate 9,428 103

Gross expenditures................ .................

9,202

9,669

9,531

Revenues (from program and financing)______ Increase ( —) or decrease in accounts receivable,

8,671

9,975

9,450

-29 7

35

54

Applicable receipts................................

8,374

10,010

9,504

Budget expenditures_____ . . . . . .

828

-341

27

This fund finances, on a reimbursable basis, full field security investigations performed at the request of other departments and agencies of the Government (66 Stat. 107). Budget program.— Because work on some investigations will be started in one year and completed in another, workin-process is recognized as an asset of the fund. Agency estimates of investigations to be requested in 1962 and 1963 as compared to 1961 experience, are presented below. In addition, the table relates estimated workload receipts

1963

CIVIL SERVICE COMMISSION—Continued

Analysis of Government Equity (in thousands of dollars)

Intragovernmental funds— Continued

I960

1961

1962

1963

Invested capital and earnings_____________

6 3,788 232

13 3,758 256

12 3,587 401

12 3,534 454

Total Government equity__________

4,025

4,027

4,000

4,000

actual I n v e s t ig a t io n s

(R e v o lv in g

actual estimate estimate

Continued

F u n d )—

to estimates of production, average positions, and unit

Unpaid undelivered orders1_______________

C A S E L O A D . A V E R A G E P O S IT IO N S . A N D U N IT COSTS 1961 actual

1962 estimate

1963 estimate

4,805 29,107

7,143 25,500

4,143 26,500

33,912 26,769

32,643 28,500

30,643 27,000

7,143 879 $344

4,143 1,025 $350

3,643 1,000 $350

1 Changes in these items are reflected on the program and financing schedule.

Object Classification (in thousands of dollars) 1961

Average positions.. Unit cost________

actual

It is anticipated that there will be no appreciable in­ crease in costs for 1962 and 1963. Operating results and financial condition.— The capital of the fund consists of $4 million appropriated in 1952. Excess earnings are paid into miscellaneous receipts of the Treasury. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1962

1961

actual Sales program: Revenue____ Expense____

estimate

8,671 8,670

9.975 9.975

1963

estimate

9.450 9.450

Net operating income, sales program___ Nonoperating Income or loss ( —): Allowances on equipment traded___________ Book value of equipment sold (—) _________

25 -25

15 -15

Nonoperating income or loss.. Net income for the year____ Analysis of retained earnings: Retained earnings, start of year______ Payment of earnings to Treasury ( —) . Retained earnings, end of year___

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________

Assets: Cash with Treasury___________________ Accounts receivable, net_______________ Selected assets:1 Work in process (unbilled)____________ Advances________________ _________ Equipment, net_______________________ Total assets______________________ Liabilities:

7,016 54 266

7,029 54 136

Total personnel compensation_______ 12 Personnel benefits: Contributions to— Retirement fund__________________ Employees’ life insurance fund_______ Employees’ health benefits fund_____ Employers’ share of FICA taxes_______ Incentive awards____________________ 21 Travel and transportation of persons_____ 22 Transportation of things: Shipment of household goods__________ Parcel post_________________________ 23 Rent, communications, and utilities: Rents and utility services_____________ Penalty mail________________________ Telephone, teletype, and telegraph services__________________________ 24 Printing and reproduction______________ 25 Other services: Reimbursable administrative costs_____ Sundry services_____________________ 26 Supplies and materials_________________ 31 Equipment: Nonexpendable_____________________ Expendable________________________

7,198

7,336

7,219

397 20 46 1 4 1,099

412 21 47 1 4 1,122

405 20 46 1 4 1,104

18 5

18 5

18 5

82 37

83 37

82 37

73 20

74 28

72 26

126 55 75

115 55 79

115 54 78

72 2

225 2

150 2

Total accrued expenditures__________ Increase or decrease ( —) in travel advances and unpaid undelivered orders_____________

9,330

9,664

9,438

22

6

-1 0

Total obligations____________________

9,352

9,670

9,428

1,050 12 879 1,010 7.3 $6,704

1,100 11 1,025 1,075 7.4 $6,742

1,075 11 1,000 1,050 7.3 $6,679

Personnel Summary

actual

actual estimate estimate

1961

1962

1963

3,771 777

2,919 1,074

3,233 1,039

3,206 985

394 38 193

1,071 53 203

622 60 341

547 50 404

5,174

5,320

5.295

5.192

1,149

1,293

1.295

1.192

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

A

dvances

and

R

e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1961

actual

Government equity: Non-interest-bearing capital: 4,007 24 -7

4,024 26 -2 4

4,026

Donated assets during the year_______ Repayment of capital to Treasury ( —) .. End of year______________________ Retained earnings____ _________________

4,024 1

4,026 1

4,000

4,000

Total Government equity__________

4,025

4,027

4,000

4,000

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963

estimate

6,042 48 1,108

Financial Condition (in thousands of dollars) 1960

1962

estimate

4,000

-2 6

1962

estimate

1963

estimate

Program by activities: 1. Administrative expenses for full field se2. Administration

of

136

123

123

862

1,074

1,527

255

260

265

405 78

480 170

282 211

Federal employees

3. Administration of Federal employees life 4. Administration of retired Federal em5. Conducting interagency training programs.

1963

Program and Financing (in thousands of dollars)—Continued

A

dvances

and

F

1961 aotual

1962 estimate

1963 estimate

Program by activities—Continued 6. Miscellaneous services to other accounts__

133

134

134

Total program costs_________________ Change in selected resources1_____________

1,868 314

2,240 -7

2,542

Total obligations____________________

2,182

2,233

2,542

Financing: Advances and reimbursements from— Other accounts________________________ Non-Federal sources___________________

2,174 8

2,225 8

2.534 8

Total financing______________________

2,182

2,233

2,542

N ote.— Reim bursem ents from non-Federal sources are derived from proceeds from the sale of personal property being replaced (40 U.S.C. 4 8 1 (c)) and refunds o f fees received by em ployees for jury duty (5 U .S.C.3Q(p)).

e im b u r s e m e n t s ,

W

it h in

1961

1962

1963

Supplies______________________ _________ Unpaid undelivered o r d e r s .. . . . _____ _

48 9

45 326

45 319

45 319

Total selected resources________

57

371

364

364

These reimbursements provide for (1-4) administrative expenses for programs financed by the Investigations re­ volving fund, the Employees health benefits fund, the Employees life insurance fund, and the Retired employees health benefits fund for which the Commission is respon­ sible; (5) the conduct of training programs for other agencies under the Government Employees Training Act (72 Stat. 327); and (6) miscellaneous services performed for other agencies.

Financing: Comparative transfers to other accounts____ Advances and reimbursements from other

1962 estimate

1963 estimate

21 Travel and transportation of persons_____

1,534 35

1,414 101 67 4 120 421 28 6 20

1,653 125 75 5 118 211 19 8 20

1,569 114 107 4 118 586 25 6 13

2,182

2,233

2,542

Personnel Summary 275 11 203 261 7.3 $6,704

275 4 251 240 7.4 $6,742

250 4 234 230 7.3 $6,679

1963 estimate

-3 5

Current authorizations: and

E

xpenses

For expenses made necessary by the Act establishing a Commis­ sion of Fine Arts (40 U.S.C. 104), including payment of actual traveling expenses of the members and secretary of the Commission in attending meetings and committee meetings of the Commission either within or outside the District of Columbia, to be disbursed on vouchers approved by the Commission, [$70,000] $80,000. (Department of the Interior and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

1962

actual

estimate

1963

estimate

Program by activities: Administration (total program costs)______ Change in selected resources 1_____________

63 5

72 -2

80

Total obligations____________________

68

70

80

Financing: Unobligated balance lapsing______________

I 7 0

80

New obligational authority (appropriation) 1,618 35

1962 estimate

COMMISSION OF FINE ARTS

11 Personnel compensation: 1,296 51 67

on

51 -1 6

Object Classification (in thousands of dollars) 1961 actual

P r e s id e n t ’ s C o m m it t e e F e d e r a l S e r v ic e

1961 actual

S a l a r ie s

1960

the

Program and Financing (in thousands of dollars)

l Selected resources as of June 30 are as follows:

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

R

u n d r a is in g

69

l Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $0; 1961, $5 thousand; 1962, $3 thousand; 1963, $3 thousand*

The Commission advises the President, Congress, and department heads on matters of architecture, sculpture, painting, and other fine arts. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

11 Personnel compensation- Permanent posi12 21 23 24 25 26 31

Personnel benefits_____________________ Travel and transportation of persons____ _ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment___________________________

47 3 5 1 6 3 1 2

53 3 7 1 2 3 1

62 4 7 1 2 3 1

Total obligations____________________

68

70

80

1963

COMMISSION OF FINE ARTS—Continued

Object Classification (in thousands of dollars) 1961

Current authorizations— Continued S a l a r ie s

and

actual

1963

estimate

E x p e n s e s — Continued

11 Personnel compensation: Permanent positions....... ........ ............... Positions other than permanent________

Personnel Summary 1961 actual

Total number of permanent positions_________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade________________ ____ ___ Average GS Salary___________________ ____

6 6 6 10.3 $8,320

1962 estimate

6 6 6 10.6 $8,964

519 50 21

555 50

600 75

Total personnel compensation_______ Personnel benefits___________________ Travel and transportation of persons_____ Rent, communications, and utilities______ Printing and reproduction______________ Other services__ ______________________ Services of other agencies_____________ 26 Supplies and materials_________________ 31 Equipment___________________________

590 40 73 19 59 8 43 14 6

605 44 97 20 50 8 43 15 6

675 50 100 20 60 30 43 15 2

Total obligations____________________

852

888

995

72 6 74 83 8.5 $7,442

79 6 72 85 9.5 $8,328

76 9 81 88 9.1 $8,251

1963 estimate

7 7 7 11.1 $8,902

COMMISSION ON CIVIL RIGHTS

12 21 23 24 25

Current authorizations: Sa l a r ie s

1962

estimate

Personnel Summary and

E

xpenses

For expenses necessary for the Commission on Civil Rights, in­ cluding hire o f passenger m otor vehicles, [$888,000: Provided, That section 104(b) o f the Civil Rights A ct of 1957 is am ended by striking out “ four years from the date o f the enactment of this A ct” and inserting in lieu thereof “ September 30, 1963” : Provided fu r­ ther, That the com pensation o f any em ployee paid from funds pro­ vided under this head shall not exceed $20,500 per a n n u m ] $996,000. (Departments o f State and Justice, The Judiciary, and Related Agencies Appropriation Act, 196S.)

Full-time equivalent of other positions________

D ELAW AR E RIVER BASIN COMMISSION

Program and Financing (in thousands of dollars)

Current authorizations: 1961 actual

1962 estimate

1963 estimate

Program by activities: Investigations and, studies of civil rights matters (total program costs) 1_____ ____ Change in selected resources 2_____________

824 27

911 -2 3

975 20

Total obligations____________________

852

888

995

S a l a r ie s

an d

E xpenses

For expenses necessary to carry out the functions of the United States member of the Delaware River Basin Commission, as authorized by law (75 Stat. 716), $82,000. Program and Financing (in thousands of dollars) 1961

Financing: Unobligated balance lapsing_______________

36

New obligational authority (appropriation)

888

actual

1962

estimate

1963

estimate

Program by activities: Administrative expenses (total obligations)

32

1 Includes capital outlay as follow s: 1961, $6 thousand; 1962, $6 thousand; 1963, $2 thousand. 3 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $26 thousand; 1961, $53 thousand; 1962, $30 thousand; 1963, $50 thousand.

Financing: New obligational authority (appropriation). . .

32

The Commission on Civil Rights is responsible for inves­ tigating allegations made that citizens are being deprived of their right to vote by reason of their color, race, religion, or national origin; collecting information concerning legal developments constituting a denial of equal protection of the laws under the Constitution; and appraising laws and policies of the Federal Government on equal protection of the laws. The Commission, in 1961, extended its studies to the areas of employment and administration of justice; and in 1962, to reviews of the process of school desegregation and State and local housing laws. Under present law, the Commission will submit a final report to the President by September 30, 1963 and its life will expire 60 days thereafter.

The Delaware River Basin Commission was created by compact among the States of Delaware, New Jersey, New York, the Commonwealth of Pennsylvania and the Federal Government to enable them to participate jointly in the development of water and related resources of the region drained by the Delaware River and its tributaries. This appropriation provides for the expenses of the United States member and staff. A supplemental estimate for 1962 is anticipated for separate transmittal to provide for the administrative expenses of the United States member and staff from January 1, 1962. A supplemental for 1963 will also be submitted to pro­ vide for payment of the United States share of the current

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

888

995

1963

expenses of the Commission, after that share lias been determined.

Program and Financing (in thousands of dollars)—Continued 1961 actual

Object Classification (in thousands of dollars) 1961 actual 11

1962 estimate

1963 estimate

Personnel compensation: Permanent posi-

24 2 6 Total obligations.._________ _____ __

32

Personnel Summary 2 2 2 9.0 $6,448

Number of employees at end of year_________ Average GS grade................... _ __ _ ______ Average GS salary........ ...................... ..............

Proposed for separate transmittal:

Program by activities—Continued Capital outlay—Continued 2. Purchase of equipment_________

1962 estimate

1963 estimate

75

60

46

526,190 296,257

900,065 -37,924

800,046 -46,558

126,391

80,000

80,000

Total capital outlay (obliga­ tions)____ ______ _____ __

948,838

942,141

833,488

Guarantee and insurance program, funded_______________________ Change in selected resources1_____

145,814

306,054

408,250

145,814

306,054

408,250

2,520 11

3,010 234

3,000 234

42,803

51,549

53,028

45,334 -2 6

54,793 22

56,262

45,308

54,815

56,262

1,139,960

1,303,010

1,298,000

374,436

490,000

570,265

370,517

300,750

14,094 138,205

30,000 166,287

40,000 168,965

294 4

821

1,521

527,033

1,057,625

1,081,501

3,126,185 126,391

2,617,149 80,000

2,421,764 80,000

-22,500

-30,000

-30,000

Total capital outlay, funded__ Change in selected resources 1_____ Adjustments in selected resources (loan obligations)_____________

Total guarantee and insurance Operating costs, funded: 1. Administration: Expenses subject to limitation.. 2. Loan program: Interest on

S alar ie s

and

E

xpenses

Total operating costs, funded____ Change in selected resources1_____

Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

Program by activities: Administrative expenses (total obligations)

1963 estimate

Total operating costs, funded (ob-

18 Financing: Revenues and other receipts: Loan program:

Financing: New obligational authority (proposed sup18

Reimbursements under repurchase

Under existing legislation, 1962.— A supplemental esti­ mate in the amount of $18 thousand will be requested to provide for the expenses of the United States member and staff for the period beginning January 1, 1962.

EXPORT-IMPORT BANK OF WASHINGTON The Export-Iraport Bank of Washington is hereby authorized to make such expenditures within the limits of funds and borrowing authority available to such corporation, and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the budget for the current fiscal year for such corporation, except as hereinafter provided: ( Foreign Assistance and Related Agencies Appropriation Act, 1962.)

Private capital participations in Interest revenue from loans_____ Guarantee and insurance program: Fees and premiums collected____ Proceeds from sale of equipment___ Total revenues and other receipts. Unobligated balance brought for­ ward (authorization to expend from public debt receipts)______ Recovery of prior year obligations... Capital transfer: Payment of diviUnobligated balance carried forward (authorization to expend from -2,617,149 -2,421,764 -2,255,265 Financing applied to program..

1,139,960

1,303,010

1,298,000

1 Balance of selected resources are identified on the statement of financial con­ dition.

Public enterprise funds: E

x po r t-I m port

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

ank

of

W

a s h in g t o n

F

und

1961 actual

1962 estimate

97,975 61,400 49,322 653,529 327,181

89,000 100,000 78,000 432,483 220,000

1963 estimate

Program and Financing (in thousands of dollars) 1961 actual

Program by activities: Capital outlay: 1. Loan program: Direct loans disbursed: Aircraft loans...... ................. Commodity loans......... ...... Exporter loans.... ........ ........ Development project loans.. Emergency foreign trade loans............ ........... ........ .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estimate

1963 estimate

115,480 40,837 22,304 323,334

84,200 88,700 43,005 423,500

65,000 55,000 53,000 432,000

24,160

260,600

195,000

Program: Capital outlay: 1. Loan programs: Reservations issued, net: Aircraft loans__________________ Commodity loans_______________ Exporter loans_________________ Development project loans............ Emergency foreign trade loans........

77,000 63,000 79,000 453,250 150,000

Total loan reservations........... ...... 1,189,407 919,483 822,250 Reservations, start of year_________ 310,208 550,852 528,254 Reservations, end of year................... -550,852 -528,254 -517,062 Total loan obligations___________

948,763

942,081

833,442

1963

EXPORT-IMPORT BANK OF WASHINGTON—Con. Public enterprise funds— Continued E x p o b t-Im p o b t

B ane

op

W a s h in g to n

Fund—

Continued

Summary of Sources and Application of Funds (in thousands of dollars)—Continued 1061

1962

actual Program—Continued Capital outlay—Continued 2. Purchase of equipment_______________ Total capital outlay (obligations)____ Guarantee and insurance program: Guarantee and insurance (obligations)___ Operating costs, funded (obligations)_______

estimate

1963

estimate

75

60

46

948,838

942,141

833,488

145,814 45,308

306,054 54,815

408,250 56,262

1,139,960 1,303,010 1,298,000 Increase (—) in gross unpaid obligations______ -442,642 -269,167 -362,686 Adjustment for recovery of prior year obliga­ tions ( —) ______________________________ -126,391 -80,000 -80,000 Gross expenditures__________________

570,927

953,843

855,314

Exporter loans.— In conformity with the program for increasing the volume of U.S. export trade, the Bank’s medium term (1 to 5 years) loan and guarantee field was broadened to include items of U.S. manufacture not pre­ viously financed or guaranteed. Consumer durable goods, semifinished products and oil industry equipment were declared eligible, in addition to the capital equipment formerly financed. Medium term political risk guarantees as well as comprehensive guarantees including commercial credit risks are available to exporters. In its program of short term political risk guarantees, 162 U.S. commercial banks and export credit insurance companies have been authorized by the Bank to execute such guarantees covering export shipments as its issuing agents. There were in force as of June 30, 1961, 244 one-year guarantee contracts issued to U.S. exporters covering a potential export volume of $144.2 million. Actual guaranteed shipments during 1961 numbered ap­ proximately 41,322 with a cumulative invoice value of $69.4 million. Nearly every type of commodity sold on short terms was covered. D A T A ON E X P O R T E R LOAN S

Revenues and other receipts (from program 527,033 1,057,625 1,081,501

[In millions of dollars]

Increase ( —) or decrease in accounts receiv458

-3,782

-1,187

527,491 1,053,843 1,080,314 43,436 -100,000 -225,000

The Export-Import Bank of Washington facilitates and assists in financing U.S. foreign trade. T o do this it participates in or guarantees credits extended by U.S. exporters, commercial banks, and other financial institu­ tions to foreign purchasers of exports from the United States, and also makes direct loans to finance U.S. exports. In addition, the Bank insures against risks of war and expropriation certain exports held abroad on consignment awaiting sale. The total amount of dollar loans, guar­ antees, and insurance which the Bank may have out­ standing at one time is $7 billion (12 U.S.C. 635). The Bank’s policy is to extend credit only when private capital is unavailable, and to encourage private participa­ tion in the credits extended. Loans generally are made only for specific purposes or projects. No loan is made unless the directors believe it has reasonable assurance of repayment. Development project loans.— A major portion of the Bank’s assistance for the exportation of U.S. materials, equipment, and services is in the form of medium and longer term credits for projects abroad. These loans not only finance export sales, but help lay the foundation for expanded future trade through strengthening foreign economies. The $650 million authorized by the Bank in 1961 for U.S. equipment purchases in connection with oversea projects represented an all-time high. DATA

ON

PR O JEC T

LO A N S

(In millions of dollars] 1961 actual

Export-Import Bank funds: Undisbursed loan authorizations, June 30_______________________ Credit authorizations_____________ Participations in authorizations_____ Loan disbursements_______________ Loan principal repayments_________ Loans outstanding June 30_________ Loans financed by private capital___ Financed under repurchase agree­ ments. „__ ____________________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estimate

1963 estim ate

1961 actual 1962 estimate

Export-Import Bank funds: Undisbursed loan authorizations, June 30_______ ____ _________ _______ 46.0 73.0 Credit authorizations_______________ 48.9 80.0 Participations in authorizations_______ —0.4 7.0 Loan disbursements________________ 22.3 43.0 Loan principal repayments___________ 10.7 25.7 Loans outstanding June 30___________ 35.7 48.0 Loans financed by private capital_____ ____ _______ 5.0

1963 estim ate

89.0 80.0 9.0 53.0 26.2 66.8 8.0

Commodity loans.— Credits are authorized by the Bank to finance the sale abroad of U.S. commodities such as cotton, wheat, barley, soybeans, and tobacco, involving medium-term financing for periods of from 9 months to several years when credit is not available from private sources. Credits for the sale of U.S. beef and dairy cattle also have been authorized to Mexico and Latin America. DATA

ON

C O M M O D IT Y

LOANS

(In millions of dollars] 1961 actual

Export-Import Bank funds: Undisbursed loan authorizations, June 61.3 30.......... ........................ ........ .......... Credit authorizations_______________ 63.5 Participations in authorizations_______ 2.1 Loan disbursements_________________ 40.8 Loan principal repayments___________ 16.0 Loans outstanding June 30__________ 40.7 Loans financed by private capital_____ _______

1962 estim ate

65.6 100.0 6.0 88.7 40.7 82.7 6.0

1963 estim ate

64.6 63.0 8.0 55.0 88.7 41.0 8.0

Aircraft credits.— The Bank continued to be active in 1961 in the financing of oversea sales of American air­ craft, chiefly jet commercial airliners, exported to Brazil, Colombia, Ethiopia, France, India, Israel, Italy, and Japan. Other types, such as agricultural and utility aircraft, were shipped to Argentina, Ecuador, and Honduras. D A T A ON A I R C R A F T C R E D IT S

[la millions of dollars] 1,270.7 650.4 -

323.3 150.9 1,904.6 3.1

1,220.6 800.0 7.0 423.5 285.0 1,683.1 10.0

1,186.9 750.0 8.0 432.0 304.5 1,498.6 12.0

370.5

300.7

1961 actu al

Export-Import Bank funds: Undisbursed loan authorizations, June 30. 113.6 Credit authorizations.......__________ 93.9 Participations in authorizations_______ 6.9 Loan disbursements__________________ 115.5 Loan principal repayments____________ 11.9 Loans outstanding June 30____________ 162.6 Loans financed by private capital______ 11.0

1962 estim ate

107.4 100.0 20.0 84.2 24.2 213.6 9.0

1963 estim ate

105.4 90.0 25.0 65.0 26.2 240.4 12.0

1963

Emergency foreign trade loans.— From time to time the Bank is called upon to provide financial assistance to meet emergency situations adversely affecting normal trade between the United States and another country. Such loans may take the form of lines of credit to a foreign central bank or other bank or financial institution to pro­ vide dollar exchange for a wide range of U.S. exports; credits to fund commercial arrearages resulting from dollar exchange difficulties so that normal trade may be resumed; or credits to assist in financing purchases in the United States required for reconstruction abroad following a national disaster. DATA

ON E M E R G E N C Y F O R E IG N

TRAD E

LOAN S

{In millions of dollars] 196/ actual 1962 estimate

Export-Import Bank funds: Undisbursed loan authorizations, June 30......... ............................. Credit authorizations_____________ Loan disbursements______________ Loan principal repayments............ . Loans outstanding June 30________

615.4 327.2 24.2 185.9 1,224.1

559.8 220.0 260.6 114.4 1,370.3

1963 estimate

494.8 150.0 195.0 124.7 1,440.6

Delinquent loans.— Delinquent installments on loans made by the Bank fall into three categories: those on project loans which are in serious and protracted default; those on project loans which are delinquent because of exchange difficulties and understandable business delays; and those on exporter medium term credits posted as delinquent because of any of the above situations. Fourteen project loans were in default as of June 30, 1961, of which the total outstanding, principal amounted to $130.1 million with overdue installments of principal and interest amounting to approximately $38 million. The principal arrearage comprises loans made to the Republic of China in 1946 when the seat of government was on the mainland. At the close of the year, negotia­ tions were underway looking toward the resumption of payments of principal and interest on portions of these loans applicable to equipment and materials taken to Taiwan. Total outstanding principal was $25.3 million in the case of the exporter credit delinquencies, with overdue installments of principal and interest amounting to $3.5 million. The great majority of the credits involved were to purchasers of U.S. equipment in Brazil, and install­ ments on the credits are in process of being rescheduled in connection with agreements made with the Brazilian Government in May, 1961. Insurance.— The Bank insures against the risks of war and expropriation certain property of U.S. exporters which is held abroad on consignment awaiting sale. A total of 528 policies were issued by the Bank in 1961 covering cotton and tobacco valued at $18.9 million. It is esti­ mated that policies covering cotton and tobacco to a value of $19 million will be issued in 1963. Administrative expenses.— To carry out the Bank’s lend­ ing, collecting, and new guarantee program in fiscal 1963 it is estimated that a limitation of $3 million for adminis­ trative expenses is necessary. Financing.— The Bank is a Government-owned corpo­ ration in which the Treasury has invested $1 billion in capital stock. The Board of Directors for 1961 voted an increase to $30 million in the annual dividend from the annual rate of $22.5 million paid for each of the preceding 8 years. Up to $6 billion may be borrowed from the

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Treasury on a revolving basis. On June 30, 1961, out­ standing borrowings from the Treasury were $1,697.9 million. Notes outstanding on June 30,1963, are expected to be $1,434.3 million. On June 30, 1963, charges against the Bank’s lending authority are estimated to be $6,134 million, leaving a margin of $866 million for additional reservations. Because disbursements occur over a period following reservations, it is estimated that the unobligated balance of the Bank’s authorization to borrow from the Treasury will be $4,566 million at June 30, 1963. Operating results and financial condition.— During 1963 the net income of the Bank is expected to amount to $114 million. The budget provides for continuation of divi­ dends to the Treasury of $30 million annually through 1963 to reimburse the Treasury for the approximate interest cost on the investment in the Bank’s capital stock. The remaining earnings are retained to meet future con­ tingencies. Total equity of the Government in the corporation is expected to be $3,306 million at June 30, 1963, consisting of $1 billion in capital stock, $1,434 million of borrowings from the Treasury, and $872 million of retained earnings available for future contingencies. P O S IT IO N

W IT H

R E S P E C T T O L E N D IN G , G U A R A N T E E . A N D IN S U R A N C E A U T H O R IT Y (In thousands of dollars]

Statutory authority________________ Charges against authority: Direct loans outstanding_________ Guaranteed loans outstanding_____ Export guarantees and insurance out­ standing....................................... Loan obligations......... .................... Loan reservations_______________

1961 actual

1962 estim ate

1963 estim ate

7,000,000

7,000,000

7,000,000

3,367,699 23

3,377,187 370,536

3,266,172 671,286

164,708 1,556,075 550,852

1100,250 1,518,151 528,254

>207,750 1,471,593 517,062

Total charges against authority- 5,639,357 Unused authority_________________

1,360,643

5,894,378

6,133,863

1,105,622

866,137

1 25% reserve on export guarantee and insurance contracts.

Revenue, Expense, and Retained Earnings (in thousands of dollars) 1961 actual

1962 estimate

1903 estimate

Loan program: 138,202 45,349

166,287 54,514

168,965 55,985

92,853

111,773

112,980

273

800 300

1,500 300

Net operating income, guarantee program.

273

500

1,200

Insurance program: Revenue_______________________________ Expense._________________________ ____

21 9

21 9

21 9

Net operating income, insurance program.

12

12

12

Net operating income, loan program____ Guarantee program: Revenue__________________________ _________

Expense_______________________________

Losses on loans____________________ . . . ___

661

Net income for the year__________________ Analysis of retained earnings: Retained earnings, start of year___________ Payment of dividend to Treasury ( —)______

92,477

112,285

114,192

635,940 -22,500

705,917 -30,000

788,202 -30,000

Retained earnings, end of year_________

705,917

788,202

872,394

1963

EXPORT-IMPORT BANK OF WASHINGTON—Con.

Program and Financing (in thousands of dollars) actual

E x p o r t - I m p o r t B a n k o f W a s h i n g t o n F u n d —Continued

1960

Assets: Treasury balance______ Accounts receivable, net. Selected assets:1 Sup­ plies_______________ Loans receivable, net___ Furniture and equip­ ment, net__________

1962

1961

aotual

estimate

Government equity: Interest-bearing capital: Start of year________ Borrowings from Treasury, net_____ End of year_____ Non-interest-bearing capital: Capital stock. Retained earnings_____ Total Government equity____ ____

Total obligations other than for admin953 40,402

1,717 39,944

2,017 43,726

3,117 44,913

6 3,230,775

3 3,367,699

3 3,377,187

3 3,266,172

147

191

221

235

3,272,283

3,409,554

3,423,154

3,314,440

5,143

5,737

6,752

7,746

1,922,600

1,631,200

1,697,900

1,628,200

-291,400

66,700

-69,700

-193,900

1,631,200

1,697,900

1,628,200

1,434,300

1,000,000 635,940

1,000,000 705,917

1,000,000 788,202

1,000,000 872,394

3,267,140

3,403,817

3,416,402

3,306,694

Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars) Undisbursed obligations:1 Loan obligations 3_____ Guaranteed letters of credit______________ Export guarantees and insurance outstanding. Guaranteed commercial bank loans_________ Special contingent liability____________ Unpaid undelivered orders_____________ Unobligated balance_____ Invested capital and earnings_____________

1,153,898

1,414,933

1,358,151

1,301,593

105,920

141,142

160,000

170,000

17,922

164,709

100,250

207,750

996

23

370,536

671,286

60

60

60

60

31 3,126,185

8 2,617,149

30 2,421,764

30 2,255,265

3,230,928

3,367,893

3,377,411

3,266,410

7,788,202 7,872,394 7,705,917 7,635,940 Subtotal_________ Less: Undrawn authoriza­ tions________________ -4,368,800 -4,302,100 -4,371,800 -4,565,700 Total Government equity_________

3,267,140

3,403,817

3,416,402

3,306,694

1 Changes in these items are reflected on program and financing schedule. 2 Undisbursed loan authorization for which agreements have not been executed are as follow s: I960. $310,208 thousand: 1961, $550,852 thousand; 1962, $528,254 thousand; 1963. $517,062 thousand.

[L

im it a t io n

on

O

p e r a t in g

E

xpen ses]

[Not to exceed $1,300,000,000 (of which not to exceed $800,000,000 shall be for development loans) shall be obligated during the current fiscal year for other than administrative expenses.]

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963

estimate

800,000 500,000

1963

estimate

1,300,000 Financing: 1,300,000

L im it a t io n

Total assets______ Liabilities: Current______________

estimate

Program by activities: Obligations, other than for administrative expenses:

Financial Condition (in thousands of dollars) actual

1962

1961

Public enterprise funds— Continued

on

A

d m in is t r a t iv e

Expenses

Not to exceed [$3,010,000] $3 ,000,000 (to be computed on an accrual basis) shall be available during the current fiscal year for administrative expenses, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a) at rates not to exceed $75 per diem for individuals, and not to exceed $9,000 for entertain­ ment allowances for members of the Board of Directors [ ; and, in addition, not to exceed the equivalent of $200,000 of the aggregate amount of foreign currencies made available to the Export-Import Bank for loans pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended, shall be available during the current fiscal year for expenses incurred by the Export-Import Bank incident to such loans]: Provided, That (1) fees or dues to international organizations of credit institutions engaged in financ­ ing foreign trade, (2) necessary expenses (including special services performed on a contract or fee basis, but not including other per­ sonal services) in connection with the acquisition, operation, mainte­ nance, improvement, or disposition of any real or personal property belonging to the Bank or in which it has an interest, including ex­ penses of collections of pledged collateral, or the investigation or appraisal of any property in respect to which an application for a loan has been made, and (3) expenses (other than internal expenses of the Bank) incurred in connection with the issuance and servicing of guarantees, insurance, and reinsurance shall be considered as nonadministrative expenses for the purposes hereof. (Foreign Assistance and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1962

1961

estimate

actual

1963

estimate

Program by activities: Administration: 2

2,865 98 2

94

45

2,522

3,010

3,000

3,010

3,000

2,426 Insurance program................................ Private enterprise loans from foreign curTotal obligations .............................

2,900 98 2

Financing: 175 2,697 Object Classification (in thousands of dollars) 11 Personnel compensation: Permanent positions....... ........................ Positions other than permanent________ Other personnel compensation...............

1,870 18 61

2,123 19 63

2,131 18 62

Total personnel compensation............

1,949

2,205

2,211

1963

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

Object Classification (in thousands of dollars)—Continued 1961

actual

1962

estimate

198 30 41 64 29

152 142 3 233 36 122 79 38

162 98 3 245 39 124 78 40

2,522

3,010

3,000

2 7 75 948,763 145,814 42,803 -2 6

224 10 60 942,081 306,054 51,549 22

224 10 46 833,442 408,250 53,028

138 73

21 Travel and transportation of persons____ 22 Transportation of things______ ____ ____

Total administrative expenses, subject to

Nonadministrative expenses subject to limita­ tion:

Total nonadministrative expenses, sub­ ject to limitation_________ ________ Total nonadministrative expenses, not

actual

74

1

6,120

1,256

-6,04 6

-1,255

Revenues and other receipts (from program and financing): Applicable receipts . ...........

Revenue, Expense, and Retained Earnings (in thousands of dollars)

114 74

291 3 247 262 8.6 $7,858

293 3 263 263 8.6 $7,945

Net operating income...... ...................... Analysis of retained earnings: Retained earnings, start of year..................... Payment of earnings to Treasury ( —) ...........

40

e c o n s t r u c t io n

A

F in a n c e C

o r p o r a t io n

ssets

Program and Financing (in thousands of dollars) 1961

actual Program by activities: Operating costs, funded: Interest on borrowings.............................. Total program costs—obligations............ Financing: Revenues and other receipts: Loans repaid........................... .................. Revenue................................. ........

_

Total revenues and other receipts.. ........ Unobligated balance brought forward_______ Repayment of borrowings from Treasury (no longer available) ( —) ..............._........ ..... Capital transfers: Repayment of capital investment........ ....... Payment of earnings. _ _ _____________ Unobligated balance carried forward............ . Financing applied to program............ .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962

estimate

73 1

1

74

1

1963

estimate

1 -1

Retained earnings, end of year________ Financial Condition (in thousands of dollars) 1061

actual

actual

Assets: Treasury balance________________ . Loans receivable, net__________________ Investments, net_____ ____ ___________

6 6,012 1,250

6 6 1,250

Total assets______________________

7,268

1,262

1962

Government equity: Interest-bearing capital: Start of year_______________________ 14,291 5,179 Borrowings from Treasury, net_______ -9,112 -5,179 End of year______________________

6 1,250

5,179

114 6,120 6

1,256 6

-5,17 9

1,268

1,268 1,262 - 6 -1,262

End of year_____ ____ ___________ Retained earnings____________________

1,268 821

1,262

Total Government equity__________

7,268

1,262

Repayment of capital to Treasury_____

Analysis of Government Equity (in thousands of dollars)

-6 -861 -6

-1,262

74

I

Unobligated balance________ _____ ______ Invested capital and earnings_____________

6 7,262

6 1,256

Total Government equity__________

7,268

1,262

1963

estimate estimate

Non-interest-bearing capital: 6,006

1963

estimate

821 -861

1960

C e r t a in R

estimate

1,295,000

Personnel Summary

iq u id a t io n o p

1962

1961

actual

258 2 225 252 8.9 $8,185

1963

estimate

Reorganization Plan No. 2 of 1954 relating to the liqui­ dation of the Reconstruction Finance Corporation trans­ ferring certain foreign bonds, notes, and securities to the Export-Import Bank became effective as of close of busi­ ness, June 30, 1954. Liquidating proceeds of these assets are paid to the Treasury, and are not available for future borrowing. Revenue and receipts are estimated to amount to $1,256 thousand in 1962, thereby eliminating the investment of the U.S. Government.

1,139,960 1,303,010 1,298,000

L

estimate

Obligations (from program and financing):

1,300,000 1,137,438

Total number of permanent positions________ Full-time equivalent of other positions. ____ Average number of all employees..................... Number of employees at end of year___ _____ Average GS grade....... ................................... Average GS salary............................................

1962

1961

1963

estimate

1963

FARM CREDIT ADMINISTRATION

EXPORT-IMPORT BANK OF WASHINGTON—Con.

Permanent authorizations:

Public enterprise funds— Continued L iq u id a t io n

of

C e b t a in R e c o n s t r u c t io n F in a n c e C A s s e t s — Continued

A

o r p o r a t io n

estimate

1963

Total obligations...__________________

A

l l o c a t io n s

R

e c e iv e d

F

rom

1 73

1

74

1

Other A

and

R

estimate

1963

estimate

program 2,460

2,590

2,565

-1,058 -6 1,188

-1,188

-1,18 8

1,188

1,188

2,583

2,590

2,565

Financing:

ccounts

New obligational authority (appropriation)

Intergovernmental funds: dvances

actual Program by activities: Administrative expenses (total

Note.— Obligations incurred from other accounts are included in the schedules of the parent appropriation as follow s: “ M utual security— economic,** funds appropriated to the President. “ R evolving fund. Defense Production A c t /' funds appropriated to the President.

A

1962

1961

estimate

11 Personnel compensation: Positions other 43 Interest and dividends_________________

xpenses

Program and Financing (in thousands of dollars)

1962

1961

E

(Indefinite special fund)

Object Classification (in thousands of dollars)

actual

d m in is t r a t iv e

e im b u r s e m e n t s

Assessments based upon estimated administrative ex­ penses are collected from agencies in the farm credit sys­ tem, are appropriated to this special fund account, and are made available for administrative expenses. Obliga­ tions are incurred within fiscal year limitations under Limitation on administrative expenses.

Program and Financing (in thousands of dollars) 1961

actual Program by activities: Loans and guarantee management for other agencies (total obligations)________ ____ Financing: Advances and reimbursements from other accounts_____________________________

1962

estimate

55

30

L im

1963

estimate

13

on

A

d m in is t r a t iv e

E

xpenses

Program and Financing (in thousands of dollars) 55

30

13

Object Classification (in thousands of dollars) 11 Personnel compensation: Permanent po­ sitions._______ _________ ___________ 12 Personnel benefits_____________________ 23 Rent, communications, and utilities______

it a t io n

N ot to exceed [$ 2 ,5 9 0 ,0 0 0 ] $2,565,000 (from assessments col­ lected from farm credit agencies) shall be obligated during the current fiscal year for administrative expenses. (12 U.S.C. 636; Department o f Agriculture and Farm Credit Administration Appro­ priation Act, 1962.)

1961

actual

1962

estimate

1963

estimate

Program by activities: 1. Supervision and examination of farm credit banks and associations (total program

48 3 3 1

27 2 1

12 1

55

30

13

2,474 -1 4

2,591 -1

2,565

Change in selected resources 1_____________ Total obligations____________________

2,460

2,590

2,565

2,590

2,565

Financing: Total obligations____________________

129

2,589 Personnel Summary

l Selected resources as of June 30, are as follow s: Unpaid undelivered orders, 1960* $22 thousand; 1961. $8 thousand; 1962, $7 thousand; 1963, $7 thousand.

Total number of permanent positions_________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary..____ __________________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

7 7 7 8.9 $8,185

4 4 4 8.6 $7,858

2 2 2 8.6 $7,945

The Administration supervises a coordinated agricul­ tural credit system of farm credit banks and associations which make credit available to farmers and their coopera­ tives.

1963

Program and Financing (in thousands of dollars)—Continued 1. Supervision and examination of farm credit banks and associations.— Provision is made for supervision and ex­ 1961 1962 amination of: 12 Federal land banks (wholly farmeractual estimate owned); 13 banks for cooperatives (mixed ownership); 12 Federal intermediate credit banks (mixed ownership); Financing: the Federal Farm Mortgage Corporation (wholly Govern­ Revenues and other receipts: 666 Collection of notes receivable___________ 1,742 ment-owned); 786 Federal land bank associations; and 28 488 production credit associations. Also, these credit agencies are furnished such services as assistance in Total revenues and other receipts______ 1,742 694 367 Unobligated balance brought forward______ 347 financing and investments, custody of collateral for bonds Capital transfer: Payment of earnings______ -1,700 -800 and debentures, credit analysis, development of appraisal Unobligated balance lapsing (authorization -1 9 to expend from corporate debt receipts)__ standards and policies, preparation of reports and budgets, -367 Unobligated balance carried forward_______ and development and distribution of information on farm Unobligated balance transferred to “Federal credit. Farm Mortgage Corporation liquidation Object Classification (in thousands of dollars) 1961

actual

1962

1,881

1,957

1,984

37 11

40 10

40 8

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Services of other agencies_____________ 26 Supplies and materials_________________ 31 Equipment_________________ _________

1,929 147 287 4 24 17 13 12 14 27

2,007 154 325 3 25 16 13 19 14 15

2,032 155 286 3 25 15 12 13 15 9

Total costs_________________________

2,474 -1 4

2,591 -1

2,565

Total obligations____________________

2,460

2,590

2,565

234 6 233 237 9.4 $8,263 $4,473

230 6 236 242 9.5 $8,378 $4,473

229 5 233 240 9.6 $8,563 $4,473

12 21 22 23 24 25

Personnel Summary

Public enterprise funds: F

ederal

F

abm

M

ortgage

C

o r p o r a t io n

F

und

[The Federal Farm Mortgage Corporation is authorized to make such expenditures, within available funds and in accordance with law, as may be necessary to liquidate its assets: Provided, That funds realized from the liquidation of assets which are determined by the Board of Directors to be in excess of the requirements for expenses of liquidation shall be declared as dividends which shall be paid into the general fund of the Treasury.] (12 U.S.C. 1020; Department of Agriculture and Farm Credit Administration Appropriation Act,

2.) Program and Financing (in thousands of dollars) 1961

1962

actual Program by activities: Preserving, leasing, and disposing of reserved mineral interests (total program costs— obligations) (object class 25)___________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4

Financing applied to program_________

1963

1

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

11 Personnel compensation: Permanent positions_________________ Positions other than permanent: Board compensation_____________________ Other personnel compensation_________

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________ Average salary of ungraded positions_________

-259

fund,” Treasury Department (75 Stat. 773).

estimate

1963

estimate

estimate

4

1

1963

estimate

Obligations (from program and financing)____

4 2

1

6

1

Revenues and other receipts (from program and financing): Applicable receipts________

1,742

694

Budget expenditures_________________

-1,736

-693

This corporation was abolished October 4, 1961, by 75 Stat. 773, and its remaining assets were transferred to the Secretary of the Treasury. The corporation has been in liquidation for several years, its only remaining activity being the collection of non-interest-bearing notes sold to the Federal land banks on June 30, 1955, and paying the proceeds as dividends to the Treasury. Its mineral interests, effective Sep­ tember 5, 1957, were transferred to the Department of the Interior pursuant to 7 U.S.C. 1033 et seq., approved September 6, 1950. Operating results.— The corporation has paid dividends to the Treasury in the amount of $145,900 thousand, starting July 28, 1948. As required by 75 Stat. 773, the following balances were transferred to the Secretary of the Treasury on October 4, 1961: Cash balance $298 thousand; notes receivable, $1,525 thousand; interest payable on outstanding matured bonds, $39 thousand; matured bonds held by public, $174 thousand; and retained earnings (total Government equity), $1,611 thousand. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1961

1962

actual Nonoperating income or loss ( —): Revenue_________________________ _____ Expense_______________________________ Net income or loss ( —) for the period... Analysis of retained earnings: Retained earnings, start of year___________ Payment of earnings to Treasury ( —) ______ Transfer of earnings to “ Federal Farm Mort­ gage Corporation liquidation fund,” Treas­ ury Department (75 Stat. 773) ( —) _____ Retained earnings, end of period_______

estimate

4 -4 4,087 -1,700

28 1 27 2,384 -800 -1,611

2,384

1963

estimate

1963

FARM CREDIT ADMINISTRATION—Con. Public enterprise funds— Continued Federal F arm M

ortgage

C

o r p o r a t io n

F

Continued

und—

Financial Condition (Operations) (in thousands of dollars) I960 actual

Assets: Treasury balance____ _____ ____ ________ Notes receivable—Federal land banks___ . .

Liabilities: Current________________________________ Bonds payable—held by public, matured

Government equity: Retained earnings (total Government equity)

1961 estimate

388 3,933

405 2,191

4,321

2,596

41

39

193

174

234

213

4,087

2,384

1962 estimate

Analysis of Government Equity (in thousands of dollars)

Total Government equity____ ________

Short-T

ebm

C b e d it

347 -193 3,933

367 -174 2,191

4,087

2,384

I nvestm en t

F

und

Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Program by activities: Purchase of capital stock: 1. Federal intermediate credit banks_____ 2. Production credit associations_________

5,500 50

5.000 3.000

5,000 2,500

Total program costs—obligations (ob­ ject class 33)....... ............. ........ ........

5,550

8,000

7,500

Financing: Receipts: Repayment of investment in capital stock by production credit associations______ 1,640 79,430 Unobligated balance brought forward_______ Unobligated balance carried forward_______ -75,520

500 75,520 -68,020

500 68,020 -61,020

5,550

8,000

7,500

Financing applied to program_________

Summary of Sources and Application of Funds (in thousands of dollars) Obligations (from program and financing): Gross expenditures________________ _____

5,550

8,000

7,500

Revenues and other receipts (from program and financing): Applicable receipts____________

1,640

500

500

Budget expenditures_________________

3,910

7,500

7,000

This fund is available to the Governor of the Farm Credit Administration as a revolving fund for investment

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

in capital stock of the Federal intermediate credit banks and the production credit associations. Prior to October 3, 1961, there were separate investment funds for the Federal intermediate credit banks and the production credit associations, however, these funds wore merged by section 2(f) of Public Law 87-343. 1. Federal intermediate credit banks.— Funds will be required in 1962 and 1963 for investment in class A stock of the banks. An estimate of $5 million net investment is made for 1962 and 1963. The estimate of requirements is based on recent projections made by the 12 intermediate credit banks which indicate that several of the banks will need additional capital in order to keep their debt-tocapital ratios within the 10 to 1 maximum permitted by law. 2. Production credit associations.—An estimate for purchase of stock in production credit associations of $3 million is made for 1962 and $2.5 million for 1963. The need arises primarily because the volume of business of associations is increasing more rapidly than necessary net worth can be accumulated from local sources. Financing.— At the end of 1962 it is estimated that $3,330 thousand will be invested in the production credit associations and $28,650 thousand in the Federal inter­ mediate credit banks. An additional $2 million net investment in the associations and $5 million in the banks is expected in 1963. The provisions of section 105(d)(3) of the Farm Credit Act of 1956, which heretofore applied to the Federal intermediate credit banks investment fund is applicable to the combined fund. This section provides that of the $87,405 thousand class A stock of the credit banks out­ standing on January 1, 1957, $57,405 thousand must be retired by payments into the Treasury as miscellaneous receipts. When the balance is reduced to $30 million, the remaining proceeds from retirement of such stock will be credited to the combined revolving fund. Financial Condition (in thousands of dollars) 1960 actual

Assets: Treasury balance_____________ Investments in capital stock: Production credit associations.. Federal intermediate credit banks: Old issue_________________ New issue___________ ____

1961 actual

1962 estimate

1963

estimate

79,430

75,520

68,020

61,020

2,420

830

3,330

5,330

30,000 18,150

30,000 23,650

30,000 28,650

30,000 33,650

Total assets____________

130,000

130,000

130,000

130,000

Government equity: Non-interest-bearing capital (start and end of year)____________

130,000

130,000

130,000

130,000

Analysis of Government Equity (in thousands of dollars) Unobligated balance_____________ Invested capital and earnings_____

79,430 50,570

75,520 54,480

68,020 61,980

61,020 68,980

Total Government equity...

130,000

130,000

130,000

130,000

1963

B

anks

for

C

o o p e r a t iv e s

I

F

n vestm en t

Financial Condition (in thousands of dollars)—Continued

und

Program and Financing (in thousands of dollars) 1961 actual

Financing: Revenues and other receipts: Retirement of investments in capital stock of— District banks for cooperatives________ Central Bank for Cooperatives________

1962 estimate

1963 estimate

5,902 2,150

8,670 2,800

7.500 2.500

Total revenues and other receipts___ 8,052 Unobligated balance brought forward_______ 59,579 Unobligated balance carried forward________ -67,632

11,470 67,632 -79,102

10,000 79,102 -89,102

1960 actual

1961 actual

1962 estimate

Government equity: Non-interest-bearing capital____ Retained earnings_____________

169,968 15,950

169,968 15,950

169,968 15,950

169,968 15,950

Total Government equity__

185,918

185,918

185,918

185,918

1963 estimate

Analysis of Government Equity (in thousands of dollars) Unobligated balance_____________ Invested capital and earnings_____

59,579 126,339

67,632 118,287

79,102 106,817

89,102 96,817

Total Government equity__

185,918

185,918

185,918

185,918

Financing applied to program_________ Summary of Sources and Application of Funds (in thousands of dollars)

M

8,052

11,470

10,000

-8,052

-11,470

-10,000

This fund is available to the Governor of the Farm Credit Administration for investments in class A capital stock of the banks for cooperatives (12 U.S.C. 1134). The fund was created with $500 million capital in 1929. The capital had been reduced to $169,969 thousand by June 30, 1953, by writeoffs as fo llo w s (in thousands of dollars): Losses: On Red Cross donations................................ .................................... . On assests acquired under Agricultural Adjustment Act____________ On stabilization loans_________________________________ _______ On drought relief loans................ ............................................... ........

197,385 46,306 85,551 789

Total........................... ................................................................

330,031

The total Government equity of the fund was $185,918 thousand at June 30, 1961. Proposed legislation provides that the Government equity will be reduced to $150,000 thousand. Budget program.— No new subscriptions of capital stock are anticipated and stock will be retired by the banks for cooperatives in accordance with section 42(a)(1) of the Farm Credit Act of 1933, as amended. Operating results and financial condition.— Investment in capital stock will continue to be reduced through 1963, thereby increasing the cash of the fund. Earnings are retained to provide for the future purchase of stock. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Analysis of retained earnings: Retained earn15,950

15,950

15,950

Financial Condition (in thousands of dollars) 1960 actual

1961 actual

1962 estimate

1963 estimate

Assets: Investments in capital stock of— District banks for cooperatives. Central Bank for Cooperatives.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-O

w n e r s h ip

banks

Revenues and other receipts (from program and Budget expenditures_________________

ix e d

59,579

67,632

79,102

89,102

81,489 44,850

75,587 42,700

66,917 39,900

59,417 37,400

185,918

185,918

185,918

185,918

por

C

o r p o r a t io n s

c o o p e r a t iv e s

The banks for cooperatives make loans to finance the operations of farmers’ cooperatives. The banks’ capital funds are from the Banks for cooperatives investment fund and from borrowing farmers’ cooperative associations (12 U.S.C. 1134). The Farm Credit Act of 1955 provides for eventual ownership of the banks by farmers’ cooperatives and the retirement of the U.S. Government investment. No new subscriptions of capital stock are anticipated and stock will be retired by the banks for cooperatives in accordance with the Act. Repayments of $11,470 thousand have been made for 1962, and it is estimated that $10 million will be retired in 1963. As of June 30, 1961, the U.S. Government owned capital stock in the banks in the amount of $118,287 thousand. STATEM EN T

OF F IN A N C IA L

C O N D IT IO N

AS OF JU N E 30.

1961

[In thousands of dollars)

Assets: Cash.................. ...................................... .................. ....................... U.S. securities (par $45,990)........ ........................... ............ ............... Loans to cooperative associations._____ _______ ____ ___ 594,549 Notes receivable, sales contracts, etc___________________ 870 Accrued interest receivable.................................. ............... 7,087 Total...... .......................................... .......................... Less allowance for losses...........................................

10,434 45.948

602,506 4,879

Other assets, net............................. .................................... ..............

597,627 14,937

Total assets............................ .................... .............................

668,947

Liabilities and capital: Unmatured debentures outstanding________________________ Matured debentures—Principal and interest________________ Notes payable: Commercial banks....... .......... .......... ............................ ........ Federal intermediate credit banks____ ______ ______ _____ Federal land banks........ .................... ........ .......... ................ Dividends payable on class B capital stock and guarantee fund. Federal franchise tax payable_____________________________ Other liabilities.._____________ ______________ ______ ____ Capital: Privately owned capital: Capital stock: Class B____________ _______ ____________ _ 13,186 Class C_____________________ ________ ___ 42,407 Other..................... ................. ...................... . 198 55,792 Earned surplus: Surplus—reserved............ ................. ................ . 25,124 Surplus allocated to patrons....... ........ ................ 13,600 38,724 Government investment: Unretired class A capital stock............... ............. 106,817 Class A stock called for retirement....... ............... II, 470 118,287 Retained earnings (reserved)............................... ............... 62,

382,000 152

2,000 1,000 1,850 424 2,357 3.374

275,790

1963

FARM CREDIT ADMINISTRATION—C ontinued

Intragovernmental funds: A

P u b lic en terprise fu n d s— C o n tin u e d

dvances

and

R

e im b u r s e m e n t s

Program and Financing (in thousands of dollars)

M i x e d - O w n e b s h i p C o r p o r a t i o n — C o n t in u e d FEDERAL INTERMEDIATE CREDIT BANES

1962

1961

actual

The Federal intermediate credit banks serve as banks of discount for agriculture, discounting agricultural and livestock paper for local financing institutions, such as production credit associations, agricultural credit corpora­ tions, livestock loan companies, and commercial banks, and making loans to them on the security of such paper, and providing the production credit associations with necessary supervision and services. The banks were originally wholly owned Government corporations set up to serve exclusively as banks of discount; however, pur­ suant to the act of 1956 the banks became mixed-ownership corporations and were made responsible for super­ vising and assisting the production credit associations to enable them to make sound credit available to farmers. All of the capital stock of the Federal intermediate credit banks from organization in 1923 to December 31, 1956, was held by the U.S. Government. The 1956 act provided a long-range plan for the acquisition of credit bank stock by production credit associations and the gradual retirement of the Government’s investment in the banks. However, in the last few years the banks have been called upon to provide associations with sub­ stantially more funds to finance the short-term needs of farmers and it has been necessary for the Federal Govern­ ment to invest additional capital in the banks in order to keep the debt-to-capital ratios within the 10 to 1 maximum permitted by law. These funds have been obtained from the Federal intermediate credit banks investment fund which was authorized in the 1956 act.

Program by activities: Miscellaneous services to other accounts (total obligations) (object class 11—posi­ tions other than permanent)____________

estimate

1963

estimate

31

Financing: Advances and reimbursements from other 31 Personnel Summary 2 0

Number of employees at end of year.. . ______

FEDERAL COAL MINE SAFETY BOARD OF REVIEW Current authorizations: Sa l a r ie s

and

E

xpenses

For necessary expenses o f the Federal Coal M ine Safety B oard of Review, including services as authorized b y section 15 o f the A ct of August 2, 1946 (5 U.S.C. 55a), $70,000. (30 U.S.C. 475, 477 ; 66 Stat. 709; Department o f the Interior and Related Agencies A ppro­ priation A d , 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

S T A T E M E N T OF F IN A N C IA L C O N D IT IO N AS OF JU N E 30. 1961 [In thousands of dollars]

Assets: Cash_____________________________________________________ U S. securities (par $107,800)________________________________ Loans and discounts outstanding_____________________________ Other assets, net___________________________________________

12,306 107,501 1,830,888 30,851

Total assets___________________________________________

1,981,546

Liabilities and capital: Unmatured debentures outstanding___________________________ 1,723,300 Matured debentures—Principal and interest____________________ 385 Notes payable: Commercial banks________________________________________ 9,325 Other Farm Credit banks__________________________________ 20,525 Federal franchise tax payable________________________________ 2,492 Other liabilities................................................................................. 24,404 Capital: Privately owned capital: Class B capital stock—production credit associ­ ations_________________________________ 30,871 Participation certificates—Other financing in­ stitutions______________________________ 1,274 --------- 32,146 Earned surplus: Surplus—reserved___________________________ 15,639 Legal reserve_______________________________ 8,414 --------- 24,052 --------56,198 Government investment: Class A capital stock________________________________ 97,489 Retained earnings (reserved)_________________________ 47,428 --------144,917 Total..........................................................................................

A l l o c a t io n s

R

e c e iv e d

F

bom

Oth

er

A

p p r o p r ia t io n

1,981,546

A

ccounts

Note.— Obligations incurred under allocations from other appropriations are shown in the schedules of the parent appropriation, 44M utual security— econom ic," funds appropriated to the President.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Program by activities: Hearing appeals (total program costs—obli­ gations) _____________________________

55

70

70

70

70

Financing: 15 New obligational authority (appropriation)

70

Coal mine operators, affected by orders issued by Fed­ eral coal mine inspectors, may appeal to the Board for annulment or revision of, and temporary relief from, such orders. During 1961, a total of 133 orders were issued. When operators appeal, hearings are held, and the Board rules upon the application. It is estimated that there will be 125 to 150 orders subject to appeal to the Board in each of 1962 and 1963. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

11 Personnel compensation: 42 5

47 12

48 11

Total personnel compensation_______ 17 Personnel benefits__ . __________________ 21 Travel and transportation of persons_____ 73 ?4 Printing and reproduction______________ 26

47 3 2 1

59 4 4 1 1 1

59 4 4 1 1 1

Total obligations.____ . . . . . . ______

55

70

70

Positions other than permanent________

1963

Personnel Summary 1961 actual

1962 estimate

1963 estimate

5

5

1

1

6 7

6

5 1 6

10.2

8 10.2

8 10.2

$9,635

$9,470

$9,555

FEDERAL COMMUNICATIONS COMMISSION

wire and radio. The Communications Act requires the Commission to (1) attain and maintain maximum bene­ fits for the people of the United States in the use of the radio spectrum and (2) regulate the rates and services of communications common carriers.

1. Applied technical research and frequency allocation.—• The Commission undertakes broad research designed to improve the utilization of the radio spectrum, approves certain equipment for public use, and licenses experi­ mental radio stations. 2. Broadcast.— Standard broadcast (AM ), frequency modulation (FM ), television (TV), and other related services are licensed and regulated by the Commission. Pertinent data are shown in the following table:

Current authorizations: S a l a r ie s

and

I9 6 0 actual

E xpenses

For necessary expenses in perform ing the duties of the Commission as authorized b y law, including land and structures (n ot to exceed [$ 4 8 ,0 0 0 ] $25,000), special counsel fees, im provem ent and care o f grounds and repairs to buildings (not to exceed [$ 1 5 ,6 0 0 ] $15,000), services as authorized b y section 15 o f the A ct o f August 2, 1946 (5 U.S.C. 55a), not to exceed $500 for official reception and repre­ sentation expenses, and purchase o f not to exceed tw o passenger m otor vehicles for replacement only, [$12,525,000: Provided, That the lim itation until June 30, 1962, on the availability of the appro­ priation for a special ultrahigh-frequency television study, contained in the Independent Offices Appropriation A ct, 1961, under the head “ Federal Com munications Commission” , is hereby extended until D ecem ber 31, 1962.] $13,100,000. ( Communications Act of 1934, os amended; Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 actual

1963 estimate

Program by activities: 1. Applied technical research and frequency 3. 4. 5. 6. 7.

738 2,662 1.341 3,448 1.342 2,203 452

817 2,944 1,385 3,597 1,407 2,358 1,140

829 2,987 1,451 3,946 1,544 2,343 408

Total program costs1________________

12,186 55

13,648

13,508

Total obligations____________________

12,241

13,648

13,508

-1,548 408

-408

1,548 13,789

12,508

13,100

13,789

12,525

13,100

Safety and special radio services_________ Field engineering and monitoring________ Common carrier______________________ Executive, staff, and service____________ Ultra-high frequency television__________

Financing: Unobligated balance brought forward_______ Unobligated balance carried forward_______ New obligational authority_______ ____ New obligational authority: Transfer to “Operating expenses, Public Buildings Service,” General Services Ad........

13,789

12,508

I960

5

1961

Stores. . ___________ _______ ____ Unpaid undelivered orders______ A dvances____________________ - -

0 511 8

_

7 567 5

Total selected resou rces..

519

5

579

1962 7

1963 7

567 5

567 5

579

579

The Federal Communications Commission regulates interstate and foreign commerce in communications by

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8,432

9,090

500 550 200 500

500 600 250 375

1 As of June 30 of each year.

3. Safety and special radio services.— Aviation, police, marine, amateur, and other nonbroadcast uses of radio are licensed and regulated. Pertinent data follow (in thousands): I9 6 0 actual

1961 actual

1962 estimate

1963 estimate

435 350

548 393

619 408

661 426

1 As of June 30 o f each year; excludes amateur.

4. Field engineering and monitoring.— Field employees inspect radio stations; administer operator examinations; collect engineering data; monitor the spectrum; and de­ termine the location of lost ships, lost aircraft, and illegal sources of radio emission. 5. Common carrier.— The Commission regulates the rates and practices of telephone, telegraph, and cable companies and considers proposed mergers and acquisi­ tions of properties, extensions and reductions in service, construction of facilities, and applications to use radio in communication services. 6. Executive, staff, and service.— This includes the top policy and decision making function as well as the staff services to the program activities. 7. Ultra-high frequency television.— A comprehensive study of ultra-high frequency television transmission and reception is being undertaken. This study will provide technical information essential to the resolution of tele­ vision channel allocation problems. The study will be completed in 1962.

1961 actual

13,100

1 Includes capital outlay as follow s: 1961, $264 thousand; 1962, $355 thousand; 1963, $472 thousand. 8 Selected resources as of June 30 are as follows: 1961 adjustmenis

1963 estimate

Object Classification (in thousands of dollars)

-1 7 Appropriation (adjusted). ...........

1962 estimate

Stations regulated 1______ ______ _____ 5,391 7,513 Applications received for new stations or major change of facilities: AM......... ........................ . . ............... . 800 596 FM____________________ _________ 546 510 TV...................................... ................ 160 143 Translators_____________________ . . 128 2,396

Stations regulated1__________________ License applications received___________

1962 estimate

1961 actual

11 Personnel compensation: Permanent positions_________________ Other personnel compensation_________ Total personnel compensation_______ 12 Personnel benefits_____________________ 21 Travel and transportation of persons: Transportation and per diem__________ Payments to interagency motor pools___ 22 Transportation of things_______________ 23 Rent, communications, and utilities______ 24 Printing and reproduction_________ ____

1962 estimate

1963 estimate

9,836 92

10,413 75

10,702 81

9,928 735

10,488 774

10,783 798

129 47 50 331 95

207 49 47 828 96

227 49 40 496 100

1963

FEDERAL COMMUNICATIONS COMMISSION— Continued

Object Classification (in thousands of dollars)—Continued 1961 actual

Current authorizations— Continued S a la r ie s a n d

E x p e n s e s —Continued

Object Classification (in thousands of dollars)—Continued 1962 estimate

1961 actual

25 Other services________________________ 26 Supplies and materials_________________

476 153 181 301 48

367 77 176 370 25

Total costs_________________________ Change in selected resources________________

12,186 55

13,648

13,508

Total obligations____________________

12,241

13,648

13,508

1963 estimate

25 Other services_______________ _________ 26 Supplies and materials_________________ 31 Equipment_____________ ___________

5 4 13

7 5 10

4 4 13

Total obligations_______ ____________

658

632

' 522

71 68 64 7.7 $7,144

68 66 64 7.8 $7,063

42 42 42 9.1 $8,502

1963 estimate

256 154 173 271 17

1962 estimate

Personnel Summary Total number of permanent positions_________ Average number of all employees_________ ._ Number of employees at end of year_________ Average GS grade_________________ _______ Average GS salary.. _____________________

FEDERAL DEPOSIT INSURANCE CORPORATION Personnel Summary Total number of permanent positions_______ Average number of all employees____________ Number of employees at end of year_________ Average GS salary________________________

A l l o c a t io n s R

e c e iv e d

F

rom

Current authorizations: 1,457 1,304 1,332 8.2 $7,418

Ot h er A

1,476 1,354 1,351 8.4 $7,556

1,512 1,388 1,396 8.6 $7,742

I

nvestm en t

in

F

ederal

D

e p o s it

I nsurance

C

o r p o r a t io n

Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Financing: Unobligated balance brought forward (authorization to expend from public

ccou nts

N ote.— Obligations incurred under allocations from other accounts are included in the schedules of the parent appropriations as follows: “ Civil defense and defense m obilization functions,” Office of Emergency Planning.

-3,000,000 -3,000,000 -3,000,000 Unobligated balance carried forward (authorization to expend from public 3,000,000

3,000,000

3,000,000

Intragovernmental funds: A

dvances

and

R

e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1962 estimate

1961 actual

Program by activities: 1. Control of electronic radiation: Depart­ ment of Defense____________________ 2. Operational research: Department of De-

1963 estimate

429

427

141

113

5 4 5

5 4 5

5 4 5

427

3. Radio Technical Commission for Maritime Services: Navy_____________________________ Army.. __________________________ Department of State________________ Department of the Treasury (Coast Guard)__________________________ Department of Commerce____________ 4. Technical assistance: Agency for Interna­ tional Development____ __________

5 5

5 5

5 5

64

68

71

Total obligations.... ............... ...............

658

632

522

Financing: Advances and reimbursements from other accounts_____________________________

658

632

522

Object Classification (in thousands of dollars) 11 Personnel compensation: Permanent posi­ tions___ _ ____ _____ ____________ 12 Personnel benefits___ __________________ 21 Travel and transportation of persons_____ 22 Transportation of things________________ 23 Rent, communications, and utilities______ 24 Printing and reproduction______________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

537 42 29 2 23 3

The Corporation insures accounts of depositors in insured banks up to $10 thousand for each depositor. As of June 30, 1961, the deposit insurance fund for the pro­ tection of depositors amounted to $2.29 billion or approxi­ mately 1.5% of all insured deposits on that date. Total insured deposits at the end of fiscal years 1960 and 1961, estimated on the basis of information furnished as of June 15, 1960, and June 30, 1961, amounted to $140 billion and $152.8 billion, respectively. It is estimated that total insured deposits as of June 30, 1962 and 1963 will amount to $160 billion and $169 billion, respectively. No tax funds are used in its operations. Its expenses are paid and the fund is accumulated from assessments paid by insured banks and from income on investments in obligations of the Treasury. However, the Corporation is authorized to borrow from the Treasury, and the Secretary of the Treasury is authorized and directed to loan to the Cor­ poration on such terms as may be fixed by the Corporation and the Secretary, not to exceed $3 billion outstanding at any one time, as required for insurance purposes. No borrowings under this authorization have been made to date and none are anticipated in 1962 or 1963.

CORPORATIONS 479 36 66 3 25 1

399 29 46 3 23 1

The following corporations and agencies, respectively, are hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to each such corporation or agency and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set

1963

forth in the Budget for the fiscal year 1962 for each such corporation or agency, except as hereinafter provided: (Independent Offices

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

Appropriation Act, 1962.)

1961 actual

FEDERAL HOME LOAN BANK BOARD The Federal Home Loan Bank Board formulates policies and supervises the operations of the 11 Federal home loan banks, the system of Federal Savings and Loan Associations and the Federal Savings and Loan Insurance Corporation; it is also responsible for the examination and supervision of all State-chartered institutions insured by the Federal Savings and Loan Insurance Corporation. The expenditure programs of the Federal Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation are presented as business-type budgets. Section 2 of Public Law 895, approved July 3, 1948, pro­ vides that all expenses of the office of examinations, Federal Home Loan Bank Board, shall be considered non­ administrative; all of its expenses are defrayed from fees charged against and collected from the institutions examined. Public Law 87-141, approved Aug. 17, 1961, provides that expenses of any functions of supervision (except of Federal home loan banks) vested in or exercisable by the Board shall be considered as nonadministrative expenses. The administrative expenses of the Federal Home Loan Bank Board are paid from assessments against the 11 Federal home loan banks, the office of examinations and the Federal Savings and Loan Insurance Corporation. The expenses of the office of supervision are paid from assessments against the 11 Federal home loan banks and the Federal Savings and Loan Insurance Corporation. Public enterprise funds: F ederal H

ome

L

oan

B

ank

B

oard

R

e v o l v in g

F

und

Program and Financing (in thousands of dollars) 1961 actual

Program by activities: Operating costs, funded: Administrative expense subject to limita­ tion _______ _________ _________ Nonadministrative expense subject to limi­ tation (enacted)____ ______________

1962 estimate

1963 estimate

1,962

1,865

2,075

8,295

10,366 300 170 258

11,800

430 Credit allowed on prior year assessments

155 89

Total operating costs, funded__________ Change in selected resources 1_____________

10,687

12,959 3

14,119 1

Total obligations____________________

10,687

12,962

14,120

8,359

10,154

11,241

873 1,042 196 93

1,032 1,180 187 70

1,187 1,352 208 80

258 7

100

75

Total revenues and other receipts____ Unobligated balance brought forward_______ Unobligated balance carried forward_______

10,828 -108 -3 3

12,723 33 206

14,143 -206 183

Financing applied to program_________

10,687

12,962

14,120

Financing: Revenues and other receipts: Examining fees and charges___ _____ Assessments for services and facilities: Federal Savings and Loan Insurance Corporation______________________ Federal home loan banks_____________ Division of examination and supervision. Reimbursements from other accounts___ Conservatorship and/or supervisory rep­ resentative in charge and other income. Miscellaneous revenue________________

_1 Balances of selected resources are identified on the statement o f financial condition.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estimate

1963 estimate

10,687

12,962

14,120

453

-827

-188

11,140

12,135

13,932

10,828

12,723

14,143

221

-475

-109

11,049

12,248

14,034

92

-113

-102

Obligations (from program and financing)____ Increase ( —) or decrease in gross unpaid obliga-

Revenues and other receipts (from program and Increase ( —) or decrease in accounts receivable, net________________________________ ___

The three-member Board supervises the Federal home loan bank system, the system of Federal savings and loan associations and the Federal Savings and Loan Insurance Corporation (12 U.S.C. 1421 et seq., 1461 et seq., and 1464 et seq.). Net administrative expenses of the Federal Home Loan Bank Board are paid from assessments against the 11 Federal home loan banks, the Division of Exami­ nation and Supervision and the Federal Savings and Loan Insurance Corporation. (Dollars in millions] 1961 actual

Number of members__________________ 4,778 Total assets of members_______________ $75,183 Savings invested in members___________ $55,471 Mortgage loans of members.__________ $62,920 Insured institutions examined and super4,160 Federal home loan bank advances out­ standing__________________________ $1,869

1962 estimate

1963 estimi

4,890 $85,460 $74,545 $71,110

5,005 $96,710 $84,420 $79,820

4,280

4,407

$2,000

$2,500

Budget program.— The Board’s budget is based on six activities. 1. Examination and supervision oj Federal home loan banks.— The Board supervises and examines the opera­ tions of the Federal home loan banks. 2. Supervision of Federal and State-chartered institu­ tions.— The financial condition and operations of each insured institution are analyzed and corrective action is instituted when warranted. Supervision of insured insti­ tutions operating under State charter is carried on, cooperatively, under arrangements made with the respec­ tive State authorities. 3. Chartering savings and loan associations.— Federal savings and loan associations are chartered and regulated. In addition, applications of State-chartered associations for conversion into Federal savings and loan associations are examined. 4. Examining savings and loan associations.-—Super­ visory examinations are made of Federal savings and loan associations, State-chartered associations insured by the Federal Savings and Loan Insurance Corporation, and such uninsured member institutions of the Federal home loan bank system as are not examined by State examiners. Audits are also made of approximately 64% of all insured institutions in conjunction with supervisory examinations. Examinations are also made of institutions applying for insurance of accounts and for conversion from a State to a Federal charter when required by the Board. The costs of examinations and audits are assessed against the institu­ tions examined. 5. Executive direction and staff services.— This includes formulation of basic policy and the furnishing of staff services that are common to the Board and the Insurance Corporation.

1963

FEDERAL HOME LOAN BANK BOARD—Continued

Analysis of Government Equity or Deficit (in thousands of dollars)

Public enterprise funds— Continued

I960

F e d e r a l H om e L oa n B a n e B o a r d R e v o lv in g F u n d—

actual

Continued

1961

actual

1962

estimate

6. Administrative services.— These consist of auditing; Unpaid undelivered orders 1_______ 5 5 5 33 -20 6 -108 accounting; budgetary and financial reporting; internal 14 14 17 budget control; fiscal organization and management; and general housekeeping and common operating services, Total Government equity or including printing and reproduction work. -8 9 -18 4 52 The amounts shown in the schedules for the above activities include administrative expenses under annual 1 The changes in these item s are reflected on the Program and limitation; nonadministrative expenses under a separate schedule. limitation; and certain additional expenses not under limitation. Administrative expenses are estimated to Object Classification (in thousands of dollars) increase from $1,865 thousand to $2,075 thousand reflect­ ing staff increases and related costs to meet increased 1962 1961 estimate actual workload. Nonadministrative expenses covering the ex­ penses of examining savings and loan associations are 11 Personnel compensation: discussed separately below. 8,233 7,112 1962 estimate

1.865 1.865

69

7,428

8,327

9,329

7,145

8,327

9,329

Personnel benefits___________________ Travel and transportation of persons___ Transportation of things____ Rent, communications, and utilities____ Printing and reproduction_____________ Other services______________________ Services of other agencies___________ Federal home loan bank board services. 26 Supplies and materials_______________ 31 Equipment______________________

7,091 523 1,883 7 382 25 19 16 196 64 51

8,286 638 2,705 12 443 34 22 14 258 76 43

9,287 714 2,952 12 478 54 22 15 208 82 51

Total direct expenses_______________

10,257

12,531

13,875

Reimbursable expenses: 11 Personnel compensation______________ 12 Personnel benefits___________________ 23 Rent, communications, and utilities___ 25 Services of other agencies_____________ 26 Supplies and materials_______________ 31 Equipment_________________________

54 4 11 1 23

41 3 8

42 3 9

18

18 8

Total reimbursable expenses _______

93

70

80

283 16 72 3 8 2

75 5 19 1

56 4 14 1

384

100

75

258

89

283

Direct expenses: 8,311 8,295

10,688 10,666

11,913 11,800

16

22

113

503 477

170 170

155 155

22

113

26 Net excess of revenue over expense for 94

-8 9

52 -258

-184 -8 9

-184

-160

47 Retained earnings or deficit ( —), end of 52 Financial Condition (in thousands of dollars) 1960 actual

Assets: Treasury balance______________

150

Deduct portion not chargeable to limita-

2.075 2.075

Other expense:

Analysis of retained earnings or deficit ( —): Retained earnings or deficit (—), start of year_________________________________ Credit allowed on prior year assessments____

1963

estimate

82

52

Elxcess of revenue over expense________

Financing

166

1963 estimate

Nonadministrative expense subject to limita­ tion:

-16 0

9,255 5

Administrative expense subject to limitation: 2,014 1,962

5 -183 18

12

Positions other than permanent________ Other personnel compensation__ ______ Add excess of annual leave earned over

Revenue, Expense, and Retained Earnings (in thousands of dollars) 1961 actual

1963

estimate

1961 actual

1962 estimate

1963 estimate

12 21 22 23 24 25

225 1,759

134 1,538

247 2,013

349 2,122

14

14

17

18

Other expenses: 11 Personnel compensation______________ 12 Personnel benefits___________________ 21 Travel and transportation of persons___ 23 Rent, communications, and utilities____ 25 Other services_______________________ Services of other agencies___ _______

373

413

456

515

Total other expenses_____________

373

413

456

515

Credit allowed on prior year assessment_______ Prior years’ expense for employees’ accrued annual leave____________________________

Selected assets:1

Less portion charged off as deTotal assets____________ liabilities: Current_____________________

1,998

1,686

2,277

2,489

2,087

1,634

2,461

2,649

Total costs, funded__________________ Change in selected resources________________

10,687

14,119 1

Government equity, or deficit ( —): Retained earnings or deficit ( —) .

12,959 3

-8 9

52

-184

-160

Total obligations____________________

10,687

12,962

14,120

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-4 7

1963

L im

it a t io n

E

on

xpen ses,

Object Classification—Administrative Expenses (in thousands of dollars)

A d m in is t r a t iv e a n d N o n a d m in is t r a t iv e F ed er al H ome L oan B a n k B oard

Not to exceed a total of [$1,725,000J $2,075,000 shall be available for administrative expenses of the Federal Home Loan Bank Board, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates not to exceed $100 per diem for individ­ uals, and contracts with three such individuals or firms may be renewed annually, purchase of one passenger motor vehicle (medium sedan) at not to exceed $8,000, and uniforms or allowances therefor in accord­ ance with the Act of Setember 1, 1954, as amended (5 U.S.C. 21812188), and said amount shall be derived from funds available to the

Federal Home Loan Bank Board, including those in the Federal Home Loan Bank Board revolving fund and receipts of the Federal Home Loan Bank Administration, the Federal Home Loan Bank Board, or the Home Loan Bank Board for the current fiscal year and prior fiscal years, and the Board may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Federal Savings and Loan Insur­ ance Corporation, and other agencies of the Government (includ­ ing payment for office space): Provided, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation or preparation for or conduct of proceedings under section 5(d) of the Home Owners’ Loan Act of 1933 or section 407 or 408 of the National Housing Act and all necessary expenses (including services performed on a con­ tract or fee basis, but not including other personal services) in con­ nection with the handling, including the purchase, sale, and ex­ change, of securities on behalf of Federal home-loan banks, and the sale, issuance, and retirement of, or payment of interest on, de­ bentures or bonds, under the Federal Home Loan Bank Act, as amended, shall be considered as nonadministrative expenses for the purposes hereof: Provided further, That members and alternates of the Federal Savings and Loan Advisory Council shall be entitled to reimbursement from the Board as approved by the Board for trans­ portation expenses incurred in attendance at meetings of or con­ cerned with the work of such Council and may be paid not to ex­ ceed [$253 930 per diem in lieu of subsistence: Provided further. That expenses of any functions of supervision (except of Federal home-loan banks) vested in or exercisable by the Board shall be considered as nonadministrative expenses: Provided further, That, notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of the Board shall be incurred, allowed, and paid in accordance with the provisions of the Federal Home Loan Bank Act of July 22, 1932, as amended (12 U.S.C. 1421-1449): Provided further, That the nonadministrative expenses (except those included in the first proviso hereof) for the supervision and examination of Federal and State chartered institutions (other than special examinations determined by the Board to be necessary) shall not exceed [$10,366,000] $11,800,000. [In addition to amounts otherwise available for administrative expenses of the Federal Home Loan Bank Board for the current fiscal year, not to exceed $140,000 shall be available for such expenses.] (Supplemental Appropriation Act, 1962; Independent Offices Appropriation Act, 1962.) Program and Financing—Administrative Expenses (in thousands of dollars) 1961 actual

Program by activities: 1. Examination and supervision of Federal home loan banks____________________ 2. Supervision of Federal- and State-chartered

1962 estimate

1963 estimate

241

252

274

3. Chartering savings and loan associations.. 5. Executive direction and staff services____ 6. Administrative services________________

426 136 721 438

156 972 485

175 1,103 523

Total accrued expenses—Costs 1______

1,962

1,865

2,075

1,865

2,075

Financing: 109 Limitation_________________________

2,071

* Includes purchase of equipment as follow s: 1961, $19 thousand; 1962, $16 thousand; 1963, $35 thousand.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1961

actual 11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________ Add excess of annual leave earned over leave taken_____________________ Deduct portion not chargeable to limita­ tion___________________________ Net personnel compensation_________ 21 Travel and transportation of persons_____

25 Other services________________________

1962

estimate

1,540

1,375 12

1963

estimate

1,538 5

25 41

17

16

1,606

1,404

1,559

1,404 106 112 1 155 6 16 12 37 16 1,865

1,559 119 93 1 182 25 16 13 40 27 2,075

179 171 179 8.2 $7,509

199 192 199 8.2 $7,579

46 1,560 113 48 1 157 4 11 16 31 21 1,962

Personnel Summary—Administrative Expenses 202 186 197 8.6 $7,834

Program and Financing—Nonadministrative Expenses (in thousands of dollars) Program by activities: 2. Supervision of Federal and State-chartered 4. Examining savings and loan associations. _ 5. Executive direction and staff services___ Total accrued expenses—costs 1_______ Financing: Unobligated balance lapsing______________

7,990 305

565 9,356 445

640 10,759 401

8,295

10,366

11,800

10,366

11,800

523 8,818

l Includes purchase of equipm ent as follow s: 1961, $28 thousand; 1962, $27 thousand; 1963, $24 thousand.

The office of examinations under the general direction of the manager of the division conducts regular periodic and special supervisory examinations of all Federal savings and loan associations, of insured State-chartered savings and loan associations, other institutions of the savings and loan type which are insured by the Federal Savings and Loan Insurance Corporation, and of nonin­ sured member institutions of the Federal home loan bank system not subject to State supervision. The office also examines and analyzes the financial condition of institutions which apply for membership in the system, for insurance of accounts, or for conversion from a State to a Federal charter. The institutions examined bear the costs of examination, and the fees charged therefor are calculated to defray all of the operating expenses of the office. The office of supervision, under the general direction of the manager of the division, is responsible for the supervision of institutions insured by the Federal Savings and Loan Insurance Corporation. The purpose of such

1963

FEDERAL HOME LOAN BANK BOARD—Continued Public enterprise funds— Continued L im it a tio n o n A d m in is t r a t iv e a n d N o n a d m in is t r a tiv e E x ­ p e n s e s , F e d e r a l H o m e L o a n B a n k B o a r d — Continued

Under existing legislation, 1962.— A supplemental in­ crease in the limitation for 1962 is anticipated to cover increased per diem allowances pursuant to Public Law 87-139.

supervision is to prevent the development and continuance of unsafe and unsound financial practices in these insti­ tutions and the correction of such practices where found. In carrying out the supervisory function, the office reviews and analyzes the examination reports prepared by the office of examinations. The following table reflects the work of the division: 1961 actual

1962 estimate

Examinations Completed or to be Com­ pleted_____________________ . . . . . . . 4,141 Average Assets of Insured Institutions (Start of Y e a r )....._____ _______ . . . $15.6 Average Volume New Loans Made by Insured Institutions During Year_____ $3.6

1963 estimate

4,435

4,555

$17.4

$19.3

$3.8

$4.1

1962 estimate

1963 estimate

5,518 125

6,817

7,675

125

65

53

5,768

6,882

7,728

33 30

6,682 532 2,493 11 288 28 6 258 2 39 27

7,728 595 2,859 11 296 29 6 208 2 42 24

8,295

10,366

11,800

Add excess of annual leave earned over

Deduct portion not chargeable to limita­ tion______________________ ______

237 5,531 410 1,835 6 225 21 8 196

Personnel Summary—Nonadministrative Expenses 836 772 822 9.1 $7,093

951 899 951 9.7 $7,601

1,014 962 1,014 10.2 $7,952

Proposed for separate transmittal: L

im it a t io n

on

N

E xpen ses,

o n a d m in is t r a t iv e

L

oan

B

ank

B

F

ederal

H

ome

oard

1961 actual

oan

B

anks

1961 actual

1962 estimate

1963 estimate

1,000,000

1,000,000

The Federal home loan banks, together with the build­ ing and loan associations and similar institutions which are members of the banks, constitute the Federal home loan bank system and are designed to stabilize and strengthen institutions promoting private thrift and individual home ownership. The 11 Federal home loan banks obtain their funds from capital stock, issuance of their own obligations, and de­ posits of member institutions. The capital stock of the banks consists entirely of subscriptions of member in­ stitutions. Authority to borrow from the Treasury in the amount of $1 billion is provided in 12 U.S.C. 1431 (64 Stat. 257). No borrowings have been made to date and none is anticipated in 1963.

F

ederal

Sa v in g s

and

L

oan

I

nsurance

C

o r p o r a t io n

F

und

Program and Financing (in thousands of dollars) 1961 actual

Program by activities: Operating costs, funded: 1. Administrative expenses subject to limi­ tation (enacted)________________ Proposed for separate transmittal___ 2. Payments to Federal Home Loan Bank Board for— (a) Services and facilities__________ (b) Conservatorship, supervisory representative-in-charge, and other. 3. Purchase of equipment (fully depre­ ciated) __________________________ 4. Other expenses_____________________

1962 estimate

1963 estimate

845

965 20

1,200

827

1,021

1,187

40

25

15

12 71

35 104

20 110

1,795

2,170

2,532

Capital outlay:

1962 estimate

17,000 6,807

1963 estimate

23,807 300

Total operating costs, funded, and capital outlay__________________ Change in selected resources 1_____ _____ _

25,602 -3

2,170 -1

2,532 -1

300

Total obligations____________________

25,599

2,169

2.531

Financing:

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

L

ome

Program and Financing (in thousands of dollars)

Total operating costs, funded_______

Program and Financing (in thousands of dollars)

Program by activities: 4. Examining savings and loan associations (total costs—accrued expenses)_______

H

1,000,000

11 Personnel compensation:

Average number of all employees____________

ederal

-1,000,000 -1,000,000 -1,000,000

1961 actual

Federal Home Loan Bank Board services .

F

Unobligated balance carried forward (authorization to expend from pub-

Object Classification—Nonadministrative Expenses (in thousands of dollars)

21 Travel and transportation of persons_____

in

Financing: Unobligated balance brought forward (authorization to expend from pub-

[Dollars in millions] D escrip tion

Investm en t

1963

Program and Financing (in thousands of dollars)—Continued 1961 actual

1962 estimate

on the Corporation, the Federal home loan banks, and the division of examination and supervision. 1963 estimate

[ D ollars in th ou san d s] 1961 actual

Financing: Revenue and other receipts: Loans repaid_________________________ Liquidation of assets acquired___________ Insurance premiums and admission fees___ Interest on U.S. securities______________ Interest on loans______________________ Additional premiums credited to secondary reserve_______________ __________ Total revenue and other receipts_______ Unobligated balance brought forward: Authorization to expend from public debt U.S. securities (par)___________________ Unobligated balance carried forward: Authorization to expend from public debt U.S. securities (par)___________ ___

2,000 580 46,767 9,699 1,639

442 54,217 12,221 1,460

438 61,599 19,607 1,460

172,000

188,000

60,685

240,340

271,104

750,000 323,558

750,000 358,644

750,000 596,815

-750,000 -750,000 -750,000 __ -358,644 -596,815 -865,388

Financing applied to program_____ . . .

25,599

1 B a lan ces o f s electe d resou rces are id e n tifie d on th e co n d itio n .

2,169

2,531

sta te m e n t o f financial

Summary of Sources and Application of Funds (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Obligations (from program and financing)____ Increase (—) in gross unpaid obligations_____

25,599 -2,998

2,169 -3,417

2,531 -3,874

Gross expenditures.. ________________

22,601

-1,248

-1,343

Increase (—) in accounts receivable, net_____

60,685 -2,892

240,340 -2,267

271,104 -2,312

Applicable receipts___________ _______

57,793

238,073

Revenues and other receipts (from program

Budget expenditures_________________

1963 estimate

1. Administrative expenses— (a) Underwriting.— This ac­ tivity constitutes an analysis and evaluation of the insur­ ance risk in connection with applications submitted pur­ suant to regulatory requirements. The assets of insured institutions have increased $16.6 billion or 29.8% in the last 2 years. The continuing interest in insurance of accounts on the part of uninsured institutions, plus the anticipated rate of normal growth, will increase the poten­ tial liability of the Corporation to an estimated $80.9 billion by June 30, 1963, as compared to $62.7 billion on June 30, 1961. (b) Prevention of default and payment oj insurance.— In carrying out its role of protecting savings in insured sav­ ings and loan associations, the Corporation has settled 39 cases since its creation 27 years ago. Total losses to June 30, 1961, have amounted to $5,144 thousand or slightly more than 1% of cumulative gross income. Detailed information with respect to all of the insurance cases is summarized in the following table (dollars in thousands): M ethod o f settlement

Number o f associations

Number o f investors

A ssets o f associations

L oss to corp ora tion

268,792

Contribution_______ Purchase of assets__ Receivership_______

29 3 7

55,037 15,469 7,705

$57,216 43,332 9,210

$4,878 —43 309

-35,192 -239,321 -270,135

Summary.......

39

78,211

109,758

5,144

The Federal Savings and Loan Insurance Corporation is authorized under title IV of the National Housing Act (12 U.S.C. 1724 et seq.J to insure savings in all Federal savings and loan associations and in State-chartered institutions of the savings and loan type which apply and qualify for insurance. The protection thus afforded, which insures savers in member associations against financial loss up to a statutory limit of $10 thousand, may be provided through the prevention of default or the pay­ ment of insurance to savings account holders in the event of liquidation. The former course of action, which results in complete protection to each investor regardless of the amount in his account, is accomplished by making cash grants or by purchasing all or a part of the association’s assets. Also, the Corporation is authorized to make loans to institutions in financial difficulty. Wherever possible, preventive measures are taken to eliminate the necessity of liquidation. However, in the event liquidation is necessary, the Corporation acts as receiver or coreceiver upon request of State authority in cases involving State-chartered institutions. The Corporation functions under direction of the Federal Home Loan Bank Board, which provides certain administrative services and conducts the examination and supervision of insured institutions. The expenses of the Board and its staff offices are paid from assessments made

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estimate

Number of insured member institu­ 4,280 4,407 tions___________________ ____ 4,160 28,502,000 31,200,000 34,000,000 Number of insured savers__________ Potential liability_________________ $62,722,000 $71,375,000 $80,850,000 Assets of insured member institutions- $72,456,000 $82,600,000 $93,700,000 Reserves and undivided profits of in­ $4,934,000 $5,620,000 $6,360,000 sured member institutions________ Corporation’s reserve for insurance $409,960 $647,688 $915,822 losses________ . . . . __________ . . . Percent of authorization to total in­ come__________________ _______ 1.5 1.5 1.5

Since 1955, the Corporation has had only three cases where it has been necessary to give financial assistance to an insured institution. One case was received in 1956, another in 1960. In each of these instances settlement was accomplished by the same method—merger with another insured institution, accompanied by a purchase by the Corporation of certain assets of the institution in diffi­ culty. Each of these actions resulted in complete protec­ tion to all shareholders, regardless of the amount in any single account. In the third case, which was still in process at the end of 1961, loans aggregating $45 million were outstanding. (c) Analysis of operations.— The Corporation maintains a current analysis of the financial condition of member institutions, the flow of savings, and the character and volume of mortgage lending, as well as selective review of geographical or community areas and phases of opera­ tions and certain analyses of trends in the field of thrift and home mortgage finance including volume of activity and interest rates of all major types of mortgage lenders. 2. Payments to the Federal Home Loan Bank Board— (a) Services and facilities.— The Corporation will sub­ scribe 42% of the administrative expenses of the Federal Home Loan Bank Board in 1963 in return for services and facilities by the Board and staff offices and 47% of the nonadministrative expenses of the office of the manager of the division of examination and supervision and the office of supervision.

1963

FEDERAL HOME LOAN BANK BOARD— Continued

ments of each insured association at a rate equal to the average realized by the Corporation on its own investment Public enterprise funds— Continued portfolio. It is estimated that prepayments will total $188 million in 1963 compared to $172 million in 1962. F e d e r a l S a v in g s a n d L o a n I n s u r a n c e C o r p o r a t io n Public Law 87-210 further provides for the establish­ F u n d — Continued ment of a primary reserve which shall be the general (b) Conservatorship, supervisory represevtatwe-4n-charge,reserve of the Corporation and a secondary reserve to and other.— Kepresents the Corporation’s share of esti­ which shall be credited additional premiums. When the mated expenses to be incurred by the Board in con­ sum of these two reserves equals 2% of total savings plus nection with preparation for or conduct of proceedings creditor obligations, the prepayments will cease and the under section 407 of the National Housing Act, as amended. Corporation will commence transferring the secondary 4. Other expenses.— Provides for liquidation and other reserve to the primary reserve by crediting each insured expenses of the Corporation in connection with the dis­ association’s accumulated prepayments to its regular position of assets purchased from and loans to insured premium liability. If the aggregate of the two reserves institutions to prevent default. drops to below 1.75%, the prepayments and the cash Financing.— The original capital of $100 million has payment of the regular premium will be resumed and con­ been completely repaid to the Treasury, together with tinued until the 2% ratio is again reached. It is estimated an additional $43 million for the use of the funds. that the aggregate of the primary and secondary reserves The Corporation has continuing authority to borrow will reach $915.8 million by June 30, 1963, or 1.1% of from the Treasury for insurance purposes, with a limita­ estimated savings and creditor obligations totaling $84.7 tion of $750 million outstanding at any one time. No billion. borrowings under this authorization have ever been made. The Corporation is also required by law to accumulate The Corporation is further authorized to assess against a primary reserve (as of the close of any Dec. 31) equal to each insured institution additional premiums for insurance 2% of the total amount of all accounts of insured members until the amount of such premiums equals the amount of and creditor obligations of all insured institutions before all losses and expenses of the Corporation; except that collection of premiums may be discontinued, provided, the total amount so assessed in any one year against any however, that each insured institution has paid regular such institution shall not exceed one-eighth of 1% of the premiums for at least 20 years. It is estimated that the total amount of the accounts of its insured members and primary reserve will reach $549 million by June 30, 1963, its creditor obligations. or .65% of estimated savings and creditor ooligations Operating results and financial condition.— The Corpora­ tion is entirely self-supporting and in no one year have its totaling $84.7 billion. operating expenses amounted to more than 5.3% of total Revenue, Expense, and Retained Earnings (in thousands of dollars) income; in 1961 it amounted 3.0%. Revenue from all sources has been sufficient to meet all insurance losses, 1962 1961 1963 operating expenses, return on capital stock, and to estab­ estimate actual estim ate lish a reserve for contingencies of $410.0 million as of 67,898 82,666 58,105 June 30, 1961. Total revenue since 1934, of $475.3 3,004 1,735 8,498 million, has been applied as follows (dollars m millions): A m ount

P ercent

Expenses___________________________________________ Net insurance losses_________________________________ Return on capital stock to U.S. Treasury________________ Reserve for contingencies_____________________________

$17.2 5.1 43.0 410.0

3.6 1.1 9.0 86.3

Total________________________________________

475.3

100.0

Operating expenses (funded) for 1963 is estimated at $2.5 million consisting primarily of administrative ex­ penses of the Corporation of $1.2 million and $1.2 million for services rendered b y the Federal Home Loan Bank Board. Since the time and size of expenditures for the preven­ tion of default and payment of insurance are unpredictable, estimates of these expenditures are omitted from the financial statements. Net operating income for 1963, which is expected to be increased b y $17.8 million or 31.6% above the net operat­ ing income for 1961, will be retained by the Corporation to meet future contingencies. Public Law 87-210, effective Jan. 1, 1962, requires each insured savings and loan association to annually pay to the Corporation an additional premium in the nature of a prepayment at a rate equal to 2 % of the increase in sav­ ings for the previous calendar year less an amount equal to any requirement for the purchase of Federal Home Loan Bank stock during such period. The law also provides for the crediting of a return on the accumulated prepay­

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Net operating income_________ ____ Analysis of retained earnings: Retained earnings, start of year____________ Additional premiums credited to secondary

56,370

64,894

74,168

353,590

409,960

647,688

172,000 834

188,000 5,966

647,688

915,822

Return on additional premiums____________ Retained earnings, end of year____ ____

409,960

Financial Condition (in thousands of dollars)

Assets: Treasury balance______________ U.S. securities (par)..................... Accounts receivable, net________ Selected assets: Supplies and de­ ferred charges1_________ ___ Loans receivable, net__________ Assets acquired to prevent de­ fault, net....... .......................... Total assets....... ................. Liabilities: Current_____________________ Deferred credits (unearned insur­ ance premiums)_____________ Total liabilities___________

1900 actual

1961 actual

1962 estim ate

1963 estim ate

3,275 329,500 11,751

4,467 363,500 14,643

4,788 602,500 16,910

3,923 873,500 19,222

5 30,000

2 45,000

1 45,000

45,000

27

6,314

5,872

5,434

374,558

433,926

675,071

947,079

159

158

181

198

20,809

23,808

27,202

31,059

20,968

23,966

27,383

31,257

1963

Object Classification (in thousands of dollars)

Financial Condition (in thousands of dollars)—Continued 1960 actual

1961 actual

1962 estimate

Government equity: Retained earnings: 353,590

409,960

1961

1963 estimate

474,854

549,022

172,000

363,336

834

3,464

647,688

915,822

Secondary reserve (additional

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________ Total personnel compensation_______ Deduct portion not chargeable to limita-

Reserve for return on additional Total Government equity..

353,590

409,960

Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars)

Invested capital and earnings_____

1,073,558 1,108,644 1,346,815 1,615,388 30,032 51,316 50,873 50,434 1,103,590 1,159,960 1,397,688 1,665,822 750,000 750,000 750,000 750,000

Total Government equity___

353,590

409,960

647,688

Net personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Rents, communications, and utilities_____ Printing and reproduction______________ Other services________________________ Services of other agencies— -------------26 Supplies and materials.......................... . 12 21 23 24 25

Total costs____ ______ ______ ______

915,822

N o te .— T h e p oten tia l lia b ility on in su red share a c c o u n ts an d cr e d ito r o b lig a tio n s at year end is as fo llo w s : I960, $54 .7 b illio n ; 1961, $62 .7 b illio n ; 1962, $71 .4 b illio n ; 1963, $80.6 billion. 1 T h e chan ges in these item s are re fle cte d o n th e p ro g ra m an d fina ncing s ch e d u le .

1962

actual

estimate

1963

estimate

616 5 28

764 7 15

878

649

748

893

8

33

42

641 45 11 58 27 3 55 5

715 52 15 68 32 3 73 7

851 63 20 88 51 3 115 9

845

965

1,200

95 1 84 95 8.0 $7,208

117 2 105 117 7.7 $6,914

129

15

Personnel Summary Total number of permanent positions________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade______________ ________ _ Average GS salary................................... . . .

126 129 7.7 $6,925

L im it a t io n o n A d m in is t r a t iv e E x p e n s e s , F e d e r a l S a v in g s a n d L o a n I n s u r a n c e C o r p o r a t io n

Not to exceed [$890,000] $1,200,000 shall be available for ad­ ministrative expenses, which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expenditures, expenses in connection with liquidation of insured institutions or preparation for or conduct of proceedings under sec­ tion 407 or 408 of the National Housing Act, liquidation or handling of assets of or derived from insured institutions, payment of in­ surance, and action for or toward the avoidance, termination, or minimizing of losses in the case of insured institutions, legal fees and expenses, and payments for expenses of the Federal Home Loan Bank Board determined by said Board to be properly allocable to said Corporation, and said Corporation may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Federal Home Loan Bank Board, and other agencies of the Government: Provided, That, notwith­ standing any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of said Corporation shall be incurred, allowed and paid in accordance with title IV of the Act of June 27, 1934, as amended (12 U.S.C. 1724-1730a). [In addition to amounts otherwise available for administrative expenses of the Federal Savings and Loan Insurance Corporation for the current fiscal year, not to exceed $75,000 shall be available for such expenses.] (Supplemental Appropriation Act, 1962;

Proposed for separate transmittal : L im it a t io n o n A d m in is t r a t iv e E x p e n s e s , F e d e r a l Sa v in g s a n d L o a n I n s u r a n c e C o r p o r a t io n

Program and Financing (in thousands of dollars) 1961 actual

Program by activities: Administrative expenses

(total

1962 estimate

1963 estimate

program 20

Financing: Proposed increase in limitation____________

20

Under existing legislation, 1962.— A supplemental ap­ propriation is anticipated to provide for the administrative costs of billing and accounting for additional premiums au­ thorized by Public Law 87-210.

Independent Offices Appropriation Act, 1962.) H ome

Program and Financing (in thousands of dollars) 1961 actual

Program by activities: 1. Administrative expenses: (a) Underwriting___________________ (b) Prevention of default and payment of insurance__________________ (c) Analysis of operations____________ (d) Executive direction and fiscal and other administrative services____ Total costs—obligations______

1962 estimate

1963 estimate

181

197

201

90 338

94 416

101 596

236

258

302

845

965

1,200

Financing: 12 Limitation___________________ ______

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

857

965

1,200

O w n ers’

L oan

C o r p o r a t io n

F und

The Corporation was created to provide credit facilities to refinance the mortgages of destitute urban homeowners. Its lending authority expired on June 12, 1936, and since that time the Corporation has been dissolved. Liabilities, representing matured bonds held by the public together with accrued interest thereon, totaled $414 thousand at the end of 1961 and are estimated to be reduced to $384 thousand by the end of 1963. Summary of Sources and Application of Funds (in thousands of dollars) 1B61 actual

1962 estimate

1963 estimate

Obligations: Decrease in gross unpaid obliga­ tions (gross expenditures)........... ...... ........

1

7

7

Budget expenditures___________ _______

1

7

7

1963

Program and Financing (in thousands of dollars)

FEDERAL HOME LOAN BANK BOARD— Continued 1961

actual

Public enterprise funds— Continued H

ome

O

w n ers’

L

oan

C

o r p o r a t io n

F

und

—Continued

1962 estimate

1961 actual

1963

estimate

Program by activities: Regulation of the shipping industry (total

Financial Condition (in thousands of dollars) 1960 actual

1962

estimate

1963 estimate

Financing: New obligational authority_____ __________

1,306

2,900

1,306

2,900

40

2,900

Assets: 423 Liabilities: Interest payable______________ Matured bonds payable held by

414

399

384

74

73

66

59

349

341

333

325

423

414

399

384

New obligational authority: Transferred from “Salaries and expenses, maritime activities,” Department of Com1,266 1,306

Intragovemmental funds: A

dvances

and

R

e im b u r s e m e n t s ,

B

F

H

ederal

ome

L

oan

B

ank

oard

Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: 4. Examining savings and loan associations. 6. Administrative services_________ ____ _

1 92

70

80

Total accrued expenses—costs_________

93

70

80

Financing: Advances and reimbursements from other accounts_____________________________

93

70

80

Object Classification (in thousands of dollars) 11 12 23 25 26 31

Personnel compensation________________ Personnel benefits_____________________ Rent, communications, and utilities______ Services of other agencies_______ ______ Supplies and materials_________________ Equipment_____________ ____ _______

54 4 11 1 23

41 3 8

42 3 9

18

18 8

Total accrued expenses_______________

93

70

80

2,900

The Federal Maritime Commission, an independent agency established on August 12, 1961, pursuant to Reor­ ganization Plan No. 7 of 1961, is charged with regulatory responsibilities under various statutes. The major func­ tions are: (a) regulation of rates, fares, services, tariffs, practices, and agreements of common carriers by water; (b) promulgation of regulations affecting shipping in the foreign trade to meet unfavorable conditions and the approval, suspension, modification, or annulment of regu­ lations of other Federal agencies affecting shipping in the foreign trade; and (c) investigation of discriminatory rates, charges, classifications, and practices in the foreign trade, and recommending legislation to correct such dis­ crimination. Upon its establishment, funds were transferred to the Commission from the appropriation Salaries and expenses, maritime activities. A supplemental request is antici­ pated for separate transmittal to meet the additional 1962 requirements of (75 Stat. 522) and (75 Stat. 762), approved September 19 and October 3, 1961, relating to licensing ocean freight forwarders, and regulation of dual rate con­ tracts, conference agreements, and tariff filing. Object Classification (in thousands of dollars) 1961 actual

1962 estim ate

1963 estimate

Personnel Summary 11 Personnel compensation: Permanent posiTotal number of permanent positions_________ Average number of all employees____________ Number of employees at end of year_________ Average salary of ungraded positions_________

14 14 14 $5,632

15 15 15 $5,643

15 15 15 $5,643

1? ’1 7? n

74 25

FEDERAL MARITIME COMMISSION Current authorizations: S a l a r ie s

an d

E xpen ses

For necessary expenses of the Federal Maritime Commission, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates for individuals not to exceed $75 per diem; hire passenger motor vehicles; and uniforms, or allowances therefor, as authorized by the Act of September 1, 1954, as amended (5 U.S.C. 2131); [$40,000] $2,900,000: Provided, That not to ex­ ceed $500 shall be available fo r official reception and representation expenses. (J6 Stat. 739; Supplemental Appropriation Act, 1962.) N o te .— P r e v io u s ly ca rrie d u n d er “ S alaries D e p a r tm e n t o f C o m m e r c e .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

?6 31

and

expen ses,

m aritim e a c t iv it ie s ,"

1,088 79 21 4 21 14 4 29 13 33

2,241 168 75 4 295 35 5 48 25 4

1,306

2,900

153 125 153 9.6 $8,220

306 284 306 9.3 $7,702

Personnel Summary

1963

Proposed for separate transmittal: S a l a r ie s

and

E

xpenses

Program and Financing (in thousands of dollars) 1961

1962

actual

estimate

1963

estimate

Program by activities: Regulation of the shipping industry (total 330

The Service assists labor and management in mediation and prevention of disputes affecting industries engaged in interstate commerce and defense production other than rail and air transportation. 1. Mediation and conciliation oj labor disputes.—-During the last year dispute notices affecting approximately 108 thousand employers were received by the Service. About 19 thousand cases were assigned for mediation and 18,231 mediation assignments were closed during the year. W ORKLOAD

Financing: New obligational authority (proposed supple­ mental appropriation)____ _____________

1957

330

Under existing legislation, 1962.— Additional require­ ments to administer (75 Stat. 522), approved September 19, 1961, which provides for licensing independent ocean freight forwarders; and (75 Stat. 762), approved October 3, 1961, which provides for regulation of dual rate con­ tracts and conference agreements, and the form and man­ ner of filing tariffs by common carriers in the foreign trades.

E

xpenses

For expenses necessary for the Service to carry out the functions vested in it by the Labor-Management Relations Act, 1947 (29 U.S.C. 171-180, 182), including expenses of the Labor-Management Panel as provided in section 205 of said Act; expenses of boards of inquiry appointed by the President pursuant to section 206 of said Act; temporary employment of arbitrators, conciliators, and media­ tors on labor relations at rates not in excess of [$75] $100 per diem; and Government-listed telephones in private residences and private apartments for official use in cities where mediators are officially stationed, but no Federal Mediation and Conciliation Service office is maintained; [$4,388,000] $5,033,000. [For an additional amount for “ Salaries and expenses” , $150,000.] (Department o f Labor, and Health, Education, and Welfare A ppropria­ tion Act, 1962; Supplemental^Appropriation Actj>f 1962.)

1959

1960

1961

4,231 19,058 18,231 5,058

2. Ad hoc boards, panels, mediators, and consultants.— Provision is made for ad hoc employment of labor rela­ tions experts, individually or in panels, in support of the mediation function; and boards of inquiry appointed by the President in emergency disputes. Object Classification (in thousands of dollars)

actual

Current authorizations: and

1958

2,254 2,422 4,221 4,470 13,479 16,487 20,172 19,931 13,311 14,688 19,923 20,170 2,422 4,221 4,470 4,231

1961

FEDERAL MEDIATION AND CONCILIATION SERVICE Sa l a r ie s

Cases pending beginning of year____ Mediation assignments.____ ______ Mediation assignments closed______ Cases pending end of year_________

1962

estimate

1963

estimate

11 Personnel compensation: Permanent positions... ______________ Positions other than permanent________ Other personnel compensation. ...............

3,352 18 15

3,585 32 3

3,855 57 3

Total personnel compensation____ _ Personnel benefits............. .................... Travel and transportation of persons___ Transportation of things......... ................... Rent, communications, and utilities____ _ Printing and reproduction___________ . Other services......................... .... ...... Services of other agencies__ ____ _____ 26 Supplies and materials.. 31 Equipment .................. ........ .......... ........

3,385 253 279 9 155 6 11 16 17 34

3,620 269 345 21 167 7 11 25 20 36

3,915 289 472 12 215 8 24 10 23 55

4,165

4,521

5,023

345 3 345 347 10.6 $9,733

377 3 370 377 10.8 $9,714

393 5 395 393 10.8 $9,847

12 21 22 23 24 25

Total obligations..___ ____ _________

Program and Financing (in thousands of dollars) Personnel Summary 1962

1961

actual

estimate

1963

estimate

Program by activities: 1. Mediation and conciliation of labor dis3,790

4,097

4,470

3 386

5 415

100 452

4,179 -1 4

4,517 4

5,022 1

4,165

4,521

5,023

2. Ad hoc boards, panels, mediators, and con-

N o te .— O b lig a tio n s in cu rre d under a llo ca tio n s fr o m o th e r a c c o u n ts are in clu d ed in the sch edu les o f the p a re n t a p p ro p ria tio n , “ E m e r g e n c y fu n d fo r th e P resident, national de fe n se .”

FEDERAL POWER COMMISSION

Financing: 1 4,166

Current authorizations: 4,521

5,023

New obligational authority: 4,166

4,538

5,023

Transferred to “ Operating expenses, Public Buildings Service,” General Services Ad-1 7 4,166

4,521

5,023

1 S elected resou rces as o f June 30, are as fo llo w s : U npaid u n d e live re d orders, 1960, $31 th o u s a n d ; 1961, $17 th o u s a n d ; 1962, $21 th o u sa n d ; 1963, $22 th o u sa n d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Total number of permanent positions................ Full-time equivalent of other positions... Average number of all employees________ ___ Number of employees at end of year . . . ___ Average GS grade_________ _________ Average GS salary_____ _____ _________ ___

S a l a r ie s

and

E

xpenses

For expenses necessary for the work of the Commission, as author­ ized by law, including hire of passenger motor vehicles [and not to exceed $558,000 for expenses of travel, $8,793,000, of which not to ex­ ceed $10,000 shall be available for special counsel], and services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates not to exceed $100 per diem for individuals, $11,100,000. (15 U.S.C. 717-717w ; 16 U.S.C. 791a-825s, 8 2 8 ;8 S lm -l, m -8 ;8 3 2 a (a ), d, e ,f, i ( b ) ; 833d, e, h ;3 3 U.S.C. 701jU S U.S.C. 6 1 7 -l(c ), 1344(c) ;4-5 Stat. 200, 212-13, 1344; 60 Stat. 1080; 68 Stat. 573; 71 Slat. 401; Executive Order 10485, Sept. 3, 1953; Independent Offices Appropria­ tion Act, 1962.)

1963

FEDERAL POWER COMMISSION— Continued Current authorizations— Continued S a l a r ie s a n d

Continued

E xpenses—

Program and Financing (in thousands of dollars) 1961

1962

actual Program by activities: 1. Non-Federal hydroelectric projects______ 2. Electric power industry________________ 3. Natural gas industry___________________ 4. Federal river development projects______ 5. International Joint Commission____ ____ 6. Administration_______________________

estimate

1963

estimate

1,580 1,203 4,290 399 15 594

1,656 1,233 4,815 396 17 676

1,891 1,697 6,307 441 17 747

Total program costs_________________

8,081 28

8,793

11.100

Total obligations____________________

8,109

8,793

11.100

Financing: 55 New obligational authority (appropriation)

8,164

i S elected resou rces as o f Ju n e 30 are as fo llo w s : S t o r e s ........................................................................................ U n p a id u n d elivered o rd e rs ___ ..______ ______________ T o t a l selected r e s o u r c e s . . _________________

8,793

11.100

1960 1961 1962 1963 25 58

23 88

23 88

23 88

83

111

III

111

The Federal Power Commission administers the Federal Power Act and Natural Gas Act and has additional duties under other acts relating to Federal power development. 1. Non-Federal hydroelectric 'projects.— Licenses are is­ sued for hydroelectric projects affecting public lands and streams subject to Federal jurisdiction; construction and operation of projects are inspected; and cost of construction is determined for projects under license to private interests. Pertinent data are:

Description

1961actual 1962estimate1963estimate

Licensed projects—major (more than 100 266 h .p .)„........................... ...................... Applications completed during year_____ ____ 121 Applications pending (end of year)_____ ____ 154 Total claimed cost (in millions) of major projects_________________________ $5,178 Annual receipts from licenses (in thou­ sands)................................................. $1,933

293 110 159

321 120 159

$5,300

$5,500

$2,131

$2,074

2. Electric power industry.— Regulation covers the transmission and sale for resale of electric energy in inter­ state commerce and the rates, accounts, depreciation practices, certain security issues, disposition of properties, mergers, and the interconnection and coordination of facilities of those public utilities subject to the Commis­ sion’s jurisdiction. Statistics about the electric utility industry are gathered and published. Pertinent data are:

Description

I960 actual 1961estimate 1962estimate

Number of public utilities regulated....... 190 Operating revenues of regulated utilities (in millions)____ ______ __________ $7,500 Number of utilities reporting for statisti­ cal purposes______________________ 825 Operating revenues of reporting utilities (in millions)_____________________ $11,600

195

195

$7,900

$8,500

825

825

$12,100

$12,750

The Commission will undertake a coordinated national power survey dealing with the most efficient and eco­ nomical means of supplying electric power loads during

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the next 20 years from present and potential power resources. 3. Natural gas industry.—'Regulation covers the trans­ portation and sale for resale of natural gas in interstate commerce, and the rates, accounts, and depreciation and depletion practices. Certificates of public convenience and necessity are issued to those natural gas companies subject to the jurisdiction of the Commission. Statistics about the natural gas industry are gathered and published. In January 1961 there were approximately 20,000 inde­ pendent producers, who individually or associated with others, had over 12,000 rate schedules on file. There were also 103 regulated natural gas pipeline companies, with operating revenues of $4.6 billion. It is estimated that the number of independent producers and pipeline com­ panies will remain substantially unchanged in 1961 and 1962. However, the operating revenues of the pipeline companies are expected to increase to $5.1 billion in the current year. Other pertinent data are: D escrip tion

1961 actual

Certificate applications filed: (a) Pipeline companies______________ (b) Independent producers__________ Total rate filings received______________ Pipeline gas rate cases handled_________ Independent producer rate cases handled Rate cases on hand, end of year________

347 1,866 8,908 153 2,875 2,668

1962 estim ate

1963 estim ate

350 1,850 9,500 166 3,102 2,818

350 1,850 9,700 156 3,252 2,158

An intensive effort is being made to reduce the backlog of certificate and rate cases by improving procedures ana increasing staff. A supplemental estimate for 1962 is anticipated for separate transmittal. 4. Federal river development projects.— Of a potential 128.4 million kilowatts of hydroelectric power in the United States, excluding Alaska and Hawaii, 33.3 million kilowatts had been developed as of December 31, 1960. Of this total, 14.7 million kilowatts had been developed by Federal agencies and 18.6 million kilowatts by non-Federal interests. Studies are made of proposed Federal river development projects to determine possibilities for conservation, devel­ opment, and utilization of potential power resources. Review and approval are required of certain proposed rates for sale of power from Federal projects. Informa­ tion on the power features of river development projects is furnished to Congress and to Federal and State agencies. In fiscal year 1961, 104 studies were carried on and it is estimated that there will be 103 in 1962 and 110 in 1963. 5. International Joint Commission.— A Commission staff member serves on the International Joint Commis­ sion, which adjudicates controversies between the Govern­ ments or nationals of the United States and Canada over boundary waters and waters that cross the boundary. Object Classification (in thousands of dollars) 1961 actual

11 Personnel compensation: Permanent positions__________ Positions other than permanent. Other personnel compensation... 12 21 22 23 24 25

Total personnel compensation__ Personnel benefits________________ Travel and transportation of persons. Transportation of things___________ Rent, communications, and utilities.. Printing and reproduction__________ Other services____________________ Services of other agencies________

1962 estim ate

1963 estim ata

.682 34 42

7,252 32

8,869 50

6,758 504 409 9

7,284 558 513 9 138 113 35 2

8.919 675 758 12 264

100 104 44

110 155

2

1963

Intragovemmental funds:

Object Classification (in thousands of dollars)—Continued 1961

actual

1962 estimate

1963 estimate

A dvances

and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 70 83

74 67

85 120

8.081 28

8,793

11,100

8.109

8,793

11,100

906 11 851 918 8.8 $7,764 $4,880

983 8 922 940 9.0 $7,838 $4,910

1,178 2 1,122 1,170 9.1 $7,907 $4,856

26 Supplies and materials_________________ 31 Equipment_________________________ Total cost_______ _________________ Total obligations____________________

1962 estimate

1961 actual

1963 estimate

Program by activities: 1 4 1 2

Personnel Summary

8 Total number of permanent positions............ . Full-time equivalent of other positions_______ Average number of all employees.................... . Number of employees at end of year................. Average GS grade_________________________ Average GS salary_______________ _____ ___ Average salary of ungraded positions_________

Financing: Advances and reimbursements from other 8 Object Classification (in thousands of dollars) 11 Personnel compensation: Permanent posi3 3 1 1

Proposed for separate transmittal: S a l a r ie s

and

24 Printing and reproduction______________

E xpen ses

Program and Financing (in thousands of dollars) 1961

actual

8

1962

estimate

1963

estimate

Personnel Summary

Program by activities: Natural gas industry (total program costs— 325 Financing: New obligational authority (proposed supple-

Average GS salary_______ ________

_ __

1 1 0 14.0 $12,210

325

Under existing legislation, 1962.—-A supplemental appro­ priation of $325 thousand is anticipated to permit an early start on recruiting and training additional personnel needed to process the large backlog of natural gas cer­ tificate and rate cases, to finance the increased cost of field investigations, and to provide electric accounting machine processing services to handle the tremendous volume of data on the natural gas industry required for area price determinations.

FEDERAL TRADE COMMISSION Current authorizations: S a l a r ie s

and

E xpen ses

For necessary expenses of the Federal Trade Commission, includ­ ing uniforms or allowances therefor, as authorized b y law (5 U.S.C. 2131), and services as authorized b y section 15 of the A ct of August 2, 1946 (5 U.S.C. 55a), [$10,345,000] $11,845,000: Provided, That no part o f the foregoing appropriation shall be expended upon any investigation hereafter provided b y concurrent resolution o f the Congress until funds are appropriated subsequently to the enactment o f such resolution to finance the cost o f such investigation. (75 Stat. 84^; Independent Offices Appropriation Act, 1962.)

Permanent authorizations: P aym ents

to

States

U nder

Federal

P ow er

Program and Financing (in thousands of dollars)

A ct

1961 actual

Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: Payments to States of portions of receipts as prescribed by law (total program costs— 54 Financing: New obligational authority (appropriation)-----

54

56 56

54 54

The States receive 37.5% of the receipts from licenses issued by the Federal Power Commission for occupancy and use of national forests and public lands within their boundaries (16 U.S.C. 810).

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Program by activities: 1. Antimonopoly: (a) Investigation and litigation______ (b) Economic and financial reports__ _ (c) Trade practice conferences, industry guides, and small business______ (d) Compliance investigations for At­ torney General........ ................. 2. Deceptive practices: (a) Investigation and litigation.......... (b) Trade practice conferences, industry guides, and small business______ (c) Textile and fur enforcement_______ (d) Lanham Act and insurance_______ 3. Executive direction and management____ 4. Administration_______________________ Total program costs_________________

1962 estimate

1963 estimate

3,442 617

3,911 735

4,773 817

134

154

166

915

923

2,006

2,288

2,638

267 608 5 469 456

308 936

332 1,129

504 470

548 519

8,004

10,221

11,845

1963

FEDERAL TRADE COMMISSION— Continued

SELECTED

W ORKLOAD

Current authorizations— Continued Sa l a r ie s a n d

E xpen ses—

Continued

Program and Financing (in thousands of dollars)—Continued 1961 actual

Program by activities—Continued Unfunded adjustments to total operating costs: Property transferred in without charge___ Total program costs, funded 1___

___

Total obligations____________________

1962 estimate

1963 estimate

-6 7,998 5

10,221

8,003

10,221

11,845 11,845

Applications for complaint received___ _ Investigations instituted___ ___________ Investigations completed_____ ___ ____ Investigations pending________ ______ _ Formal complaints issued: Antimonopoly_______________ _____ Deceptive practices__ _________ _ Orders to cease and desist issued: Antimonopoly__________________ _ Deceptive practices_________________ Assurances of discontinuance of violations accepted_______ _____________ ___ Pending cases in litigation_____ _______ Trade-practice rules promulgated_______ Industry guides issued________________ Penalty suits certified_________________ Penalty suits completed____ __________ Cases pending in Federal court_________ Cases completed in Federal c o u r t.-____

DATA

I960 actual

1961 actual

1962 estimate

1963 estimate

5,930 1,912 1,140 2,142

4,886 2,024 1,427 2,743

6,000 2,300 1,600 3,000

7,000 2,600 1,800 3,000

157 346

120 292

150 400

200 500

58 296

103 272

130 350

150 400

716 457 3 3 25 11 41 27

810 481 3

1,600 500 9 1 45 25 51 38

2,000 650 12 4 55 30 56 41

21 5 47 35

Financing: Object Classification (in thousands of dollars)

6 New obligational authority____________

10,221

8,010

11,845

1961

actual New obligational authority: 8,010

10,345

11,845

Transferred to “ Operating expenses. Public Buildings Service,” General Services AdAppropriation (adjusted)______________

8,010

8,338 35

9,585 25

Services of other agencies_____________ 26 Supplies and materials_________________ 31 Equipment___________________________

6,719 491 319 7 140 73 79 8 84 78

8,373 630 614 12 187 50 152 6 111 86

9,610 719 747 18 243 60 182 6 150 110

Total costs_________________________ Change in selected resources_______ ________

7,998 5

10,221

11,845

8,003

10,221

11,845

838 808 855 9.2 $8,174

1,072 1,012 1,070 9.3 $8,083

1,272 1,192 1,265 9.2 $7,881

11,845

1 In clu d es ca p ita l o u tla y as fo llo w s : 1961, $59 th o u s a n d ; 1962, $86 th o u sa n d ; 1963, $110 th ou san d . ^ Selected resources as o f Jun e 30, are as fo llo w s : I9 6 0 1961 1962 1963 Stores_________________________________________________ 4 5 6 6 U n p a id u n d elivered o rd e rs_______ __________________ 24 28 27 27 T o t a l s ele cte d r e so u rce s_____________________

28

33

33

23 Rent, communications, and utilities____ _

33

The Commission has the duty of preserving free com­ petitive enterprise through prevention of monopolistic and unfair trade. 1. Antimonopoly.— All types of monopolistic restric­ tions, including price-fixing conspiracies, boycotting, price discriminations, and illegal mergers and acquisitions are corrected; economic data and criteria are brought to bear on monopoly and related problems; supervision is provided over the registration and operations of associations of American exporters engaged solely in export trade; and at the request of the Attorney General, investigations are made as to whether or not defendant corporations are complying with final decrees of United States courts in antitrust violations. In 1963 investigation and trial of merger and other antimonopoly cases will be expedited. 2. Deceptive practices.— False and misleading advertising and other unfair or deceptive practices are prevented by corrective action, including the affirmative aid of volun­ tary trade-practice conferences and advertising guides; business and the public are protected from the evils of misbranding and nondisclosure of fiber content of manu­ factured wool products and household textile articles; consumers and merchants are protected from unfair practices with respect to furs and fur products; and the public is protected from dangers inherent in flammable fabrics. In 1963 investigation and trial of deceptive practice cases will be expedited. 3. Executive direction and management.— In addition to its standard functions, this activity includes the adjudi­ catory functions of the Commission.

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6,697 22

__

Total personnel compensation_____ _

10,221

1963

estimate

11 Personnel compensation: Other personnel compensation___ _

-124

1962

estimate

Personnel Summary Total number of permanent positions_________ Average number of all employees____________ Number of employees at end of year______ Average GS grade______________________ . Average GS salary_________________________

FOREIGN CLAIMS SETTLEMENT COMMISSION Current authorizations: S a l a r ie s

an d

E xpen ses

For expenses necessary to carry on the activities o f the Foreign Claims Settlement Com mission, including services as authorized b y section 15 o f the A ct o f August 2, 1946 (5 U.S.C. 55a); allowances and benefits similar to those provided b y title I X o f the Foreign Service A ct of 1946, as amended, as determined b y the Com m ission; expenses o f packing, shipping, and storing personal effects o f per­ sonnel assigned abroad; rental or lease, for such periods as m ay be necessary, of office space and living quarters for personnel assigned abroad; maintenance, im provem ent, and repair of properties rented or leased abroad, and furnishing fuel, water, and utilities for such properties; insurance on official m otor vehicles abroad; and advances of funds abroad; not to exceed [$ 2 0 ,0 0 0 ] $18 ,000 for expenses of travel; advances or reimbursements to other Governm ent agencies for use o f their facilities and services in carrying out the functions of the Com mission; hire o f m otor vehicles for field use on ly; purchase

1963

of two •passenger motor vehicles for use abroad; and em ploym ent of aliens; [$625,000] $700,000, and in addition [$ 4 0 ,0 0 0 ] $30,000 (to be merged with this appropriation) to be derived from the War claims fund created b y section 13(a) of the W ar Claims Act of 1948 (50 U .S.C. App. 2012a). ( General Government Matters, Depart­ ment of Commerce, and Related Agencies Appropriation Act, 1962). Program and Financing (in thousands of dollars) 1961

actual Program by activities: Direct program: 1. Administration and settlement of inter­ national claims_________________ 2. Review of claims programs______ ____

1962 estimate

1963 estimate

438 63

555 70

620 80

501 5

625

700

Total direct obligations..____ _______ Reimbursable program: 3. Administration and settlement of World War II claims (total reimbursable obligations)_______ ______________

506

625

700

40

40

30

Total obligations.................. ..........

546

665

730

Financing: Advances and reimbursements from War claims fund__________________________

-4 0

-4 0

-3 0

506

625

700

Total direct program costs________

New obligational authority (appropriation)

1 S e le cte d resou rces as o f Jun e 30 are as fo llo w s : U n p a id u n d e liv e re d orders, I960, $0; 1961, $5 th o u s a n d ; 1962, $5 th o u sa n d ; 1963, $5 th o u sa n d .

The Foreign Claims Settlement Commission is respon­ sible for the settlement of claims authorized by the War Claims Act and the International Claims Settlement Act. 1. Administration and settlement o j international claims.—

Processing of Polish claims, begun in 1961 in accordance with the terms of an en bloc agreement with Poland, will continue at an expanded rate in 1963. An estimated 10.000 claims are expected to be received by the filing deadline of March 31, 1962, of which approximately 8.000 have already been received. Settlement will be completed by 1966. The Treasury will make payments against awards certified by the Commission from $40 million which Poland is depositing with the U.S. Govern­ ment over a period of 20 years. A 5% deduction will be made as an offset against appropriations for administrative expenses. Processing of the 4,019 claims received against Czecho­ slovakia will be completed by the statutory deadline of September 15, 1962. Funds for the first quarter of 1963 only are requested. Awards will be paid out of a $9 million trust fund held by the Treasury and a 5% deduc­ tion will be made as an offset against appropriations for administrative expenses. Supplemental estimates for 1963 are anticipated under proposed for separate transmittal. 2. Review oj claims programs.— This activity includes research, reports, documentation, and similar functions to meet the needs of Congress, other agencies, and the public on claims problems not covered by other activities. 3. Administration and settlement oj World W ar I I claims.— Liquidation of previous programs under the War Claims Act will continue during 1963.

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Object Classification (in thousands of dollars) 1961

1962

actual

estimate

Personnel compensation: Permanent positions_____________________

460

Other personnel compensation_____________

1963

estimate

1

538 3 3

600 7 3

Total personnel compensation_________

461

544

610

Direct obligations: 11 Personnel compensation___ ____ _____ 12 Personnel benefits___________________ 21 Travel and transportation of persons___ 22 Transportation of things_____ ________ 23 Rent, communications, and utilities____ 24 Printing and reproduction____________ 25 Other services______________________ Services of other agencies___________ 26 Supplies and materials_______________ 31 Equipment_____________ _____ _____

424 30 10 4 8 7 9 4 3 2

507 40 15 1 28 7 5 10 5 7

582 44 12 8 8 8 8 15 5 10

Total direct costs__________________

501 5

625

700

Total direct obligations_______________

506

625

700

37 3

37 3

28 2

Total reimbursable obligations_______

40

40

30

Total obligations__________________

546

665

730

56

66

50

5 60

56 11.3 $8,310

1 1.2 $8,187

70 7 67 70 11.3 $8,212

Reimbursable obligations: 11 Personnel compensation...................... . 12 Personnel benefits___________________

Personnel Summary Total number of permanent positions. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year.. Average GS grade_________________ Average GS salary________________

66

Proposed for separate transmittal: S a l a r ie s a n d

E xpen ses

Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Program by activities: Administration and settlement of Philippine war damage claims: Total program costs— obligations______ ____________________

250

Financing: New obligational authority (proposed supple­ mental appropriation)__________________

250

Under proposed legislation, 1 9 6 3 .— It is estimated that a supplemental appropriation will be required to meet the additional administrative costs arising from payment of Philippine war damage claims.

1963

FOREIGN CLAIMS SETTLEMENT COMMISSION— Continued

Program and Financing (in thousands of dollars)—Continued 1961 actual

Proposed for separate transm ittal: P aym ent

of

P h il ip p in e

W ar

D am age

1961

42,179

1962

estimate

Transferred to “ Operating expenses. Public Buildings Service,” General Services Ad­ ministration (75 Stat. 353)___________

1963

Program by activities: Payment of claims: Total program costs— 73,000 Financing: New obligational authority (proposed supple­ mental appropriation)__________________

73,000

Under proposed legislation, 1963.— A supplemental ap­ propriation is anticipated to cover the difference between payments made against awards determined by the Philip­ pine War Damage Commission and the amount of pay­ ment authorized by law. GENERAL ACCOUNTING OFFICE Current authorizations: a n d

E xpen ses

For necessary expenses o f the General Accounting Office, includ­ ing rental or lease o f office space in foreign countries w ithout regard to the provisions o f section 3648 o f the Revised Statutes, as amended (31 U .S.C . 529), and services as authorized b y section 15 o f the A ct o f August 2, 1946 (5 U .S.C . 55a), C$43,000,0003 $43,900,000. (31 U.S.C. 41, Sup. V, 841; 60 Stat. 818, 837; 64 Stat. 460, 832; Inde­ pendent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: 1. Office of the Comptroller General______ 2. Office of the Assistant Comptroller Gen­ eral______________________________ 3. Office of administrative services________ 4. Claims division______________________ 5. Transportation division_______________ 6. Division of personnel_________________ 7. Office of the general counsel___________ 8. Accounting and auditing policy staff____ 9. Office of staff management____________ 10. Defense accounting and auditing division. 11. Civil accounting and auditing division__ 12. Field operations division______________ 13. European branch____________________ 14. Far East branch_____________________

76

75

76

37 2.480 2,996 7,662 317 1,747 320 160 6,346 6,222 11,500 837 468

37 2,526 2,611 7,313 316 1,852 303 169 6,504 6,544 13,228 963 573

37 2,507 2,511 7,051 325 1,878 284 173 6,589 6,897 14,026 974 574

Total program costs 1_______________ Change in selected resources 2_____________

41,168 27

43,014 -1 5

43,901 -1

Total obligations_______ ____________

41,195

42,999

43,900

42,999

43,900

Financing: 984 New obligational authority____________

42,179

* In clu d es ca p ita l o u tla y as fo llo w s : 1961, $90 th o u s a n d ; 1962, $87 th o u s a n d ; 1963, $87 th ou sa n d . * S elected resou rces as o f Jun e 30 are as fo llo w s :

I960 S tores _______________________________ U n p a id u n d eliv ere d o rd e rs ________

87 82

T o t a l s e le cte d re so u rce s___

769

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96s1t-. am d1eju nts 1961 1962 1963 -7

~—7

43,000

43,900

-I

estimate Appropriation (adjusted)______________

S a l a r ie s

1963 estimate

New obligational authority:

C l a im s

Program and Financing (in thousands of dollars) actual

1962 estimate

94 95

91 83

189

174

90 83

42,179

42,999

43,900

The General Accounting Office is directly responsible to the Congress for conducting independent reviews, audits, and investigations of the management and control of the financial transactions of the Government; for the rendition of legal decisions relating to Government fiscal matters; for developing, prescribing, and evaluating accounting systems on a govemmentwide basis; for the settlement of certain claims for and against the Government; and for advising and assisting the Congress and Government agencies on matters relating to public funds. 1-2. Office oj the Comptroller General.— Executive man­ agement of the General Accounting Office is carried out by the Comptroller General who is assisted by the Assistant Comptroller General and staff assistants. 4. Claims division.— All claims by or against the United States are settled in this division except those for trans­ portation items and claims wherein exclusive jurisdiction is conferred by law upon another agency or the courts. 5. Transportation division.— This division audits freight and passenger transportation payments for account of the United States and settles claims involving transportation charges. The transportation audit recovered $24,070 thousand during 1961. 7. Office oj the general counsel.— In addition to preparing decisions and reports on the legality or propriety of pro­ posed obligations and expenditures of the Government the general counsel and his staff assist the Comptroller Gen­ eral in coordinating the various activities of the General Accounting Office with the Congress, its committees, and individual members, participate in conferences with legislative and administrative officials of the Government on legal matters of a fiscal nature, the sufficiency of pro­ posed legislation, the desirability of new legislation for particular purposes, and render all other required legal services. 8. Accounting and auditing policy staff.— This staff develops accounting policy and related requirements for observance by each agency and for the guidance of audit work performed by General Accounting Office auditors, and develops internal auditing objectives, principles, and standards for guidance of the executive agencies; reviews and develops, in cooperation with the Treasury Depart­ ment and the Bureau of the Budget, central accounting processes and financial reporting; reviews agency account­ ing systems in whole or in part; develops and directs a coordinated program to assure effective application of modern electronic systems and other advanced methods to accounting and related financial operations of the Government; and, assists and advises Congress on ac­ counting and auditing policy matters. 9. Office oj staff management.— This staff performs the staff management function for the accounting, auditing and investigative activities which involves (a) formulating and executing a recruiting program to obtain a high quality professional staff of accountants, auditors and investiga­ tors, (b) developing and carrying out a training and pro­ fessional career development program, (c) exercising, in cooperation with the accounting and auditing divisions,

1963

general control over the assignment of the staff, and (d) seeming appropriate recognition of the professional char­ acter of the accounting and auditing work of the General Accounting Office. 10. Defense accounting and auditing division.— This division performs the accounting, auditing, and investi­ gative functions of the General Accounting Office in the Department of Defense, including the military depart­ ments. These functions involve the development, review, and evaluation of accounting systems; the evaluation of the performance of the military establish­ ment in discharging its financial obligations including the audit and settlement of accounts; and the conduct of investigations of matters relating to the receipt, disburse­ ment, and application of public funds. 11. Civil accounting and auditing division.— This division performs the accounting, auditing, and investigative functions of the General Accounting Office in all depart­ ments and agencies of the Federal Government, other than those assigned to the Defense Accounting and Auditing Division. These functions involve the development, review, and evaluation of accounting systems; the evaluation of the performance of the civil departments and agencies in discharging their financial obligations, including the audit and settlement of accounts; and, the conduct of investigations of matters relating to the receipt, disbursement, and application of public funds. 12. Field operations division.— This division, which is composed of a central office and regional offices under the direction of regional managers, performs, outside the metropolitan area of Washington, D.C., all assigned accounting, auditing, and investigative functions. 13. European branch.— This branch, with headquarters in Paris, France, performs General Accounting Office functions as they relate to U.S. Government operations in the European area, including North Africa and the Near East. A suboffice is located in Frankfurt, Germany. 14. Far East branch.— This branch, with headquarters in Tokyo, Japan, performs General Accounting Office functions as they relate to U.S. Government operations in the Far East area.

11 Personnel compensation: Permanent positions _ _ ................ Positions other than permanent________ Other personnel compensation_________ 12 13 21 22 23 24

Total personnel compensation___ ___ Personnel benefits__________________ -Benefits for former personnel. __________ Travel and transportation of persons_____ Transportation of things_____ ______ Rent, communications, and utilities . . Printing and reproduction..... ................ . .

Services of other agencies. ........... ....... 26 Supplies and materials . . . ._ Total obligations.......................... ..........

1962 estimate

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R e im b u r s e m e n t s

1961

actual

1962

estimate

1963

estimate

Program by activities: 1. Defense accounting and auditing division.. 2. Civil accounting and auditing division___ 3. Field operations division _____ .. ..

7 9 24

10 15 25

10 15 25

Total program costs—obligations...........

40

50

50

Financing: Advances and reimbursements from other accounts . .................. .......... ._ .

40

50

50

11 29

15 35

15 35

40

50

50

1 1 0 13.2 $10,792

2 2 0 11.1 $7,720

2 2 0 11.1 $7,720

Object Classification (in thousands of dollars) 11 Personnel compensation: Permanent posi­ tions. ................ ......................... 21 Travel and transportation of persons____ Total obligations______ _____ ______ Personnel Summary Total number of permanent positions.. Average number of all employees...................... Number of employees at end of year_________ Average GS Grade . Average GS salary...........................................

HISTORICAL AND MEMORIAL COMMISSIONS Current authorizations: B oston

N a t io n a l

H is t o r ic

S it e s

C o m m is s io n

Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

1 -1

1963 estimate

34,643 12 309

36,052 11 138

36,368 11 98

34,965 2,815 18 2,293 83 276 99 75 262 219 91

36,202 2,934 18 2,650 136 291 120 88 269 205 87

36,477 2,950 18 3,275 125 292 120 88 263 205 87

41,195

42,999

43,900

Financing:

1 Selected resources as of June 30 are as follows: Unpaid 1960, $1 thousand; 1961, $0. C iv il

W ar

C e n t e n n ia l

undelivered orders,

C o m m is s io n

For expenses necessary to carry out the provisions of the Act of September 7, 1957 (71 Stat. 626), as amended (72 Stat. 1769), $100,000. {Department of the Interior and Belated Agencies Appro­ priation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: Planning the commemoration (total program

Personnel Summary Total number of permanent positions____ ____ Average number of all employees........ ............. Number of employees at end of year_________

A dvances and

Program and Financing (in thousands of dollars)

Program by activities: Planning the preservation of historic prop-

Object Classification (in thousands of dollars) 1961 actual

Intragovernmental funds:

5,078 4,937 4,990 8.0 $7,016

5,131 4,965 4,993 8.2 $7,247

5,058 4,906 4,975 8.4 $7,419

Financing: New obligational authority (appropriation)__

104

100

100

104

100

100

Note.— Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $10 thousand (1961 adjustments —•$! thousand); 1961, $9 thousand; 1962, $9 thousand: 1963, $9 thousand.

1963

HISTORICAL AND MEMORIAL COMMISSIONS— Continued Current authorizations— Continued C i v i l W a r C e n t e n n i a l C o m m is s io n —

Continued

The years 1961-65 mark the centennial of the Civil War. The Commission is preparing plans and programs to provide for appropriate nationwide observances and the coordination of ceremonies to commemorate this experi­ ence in our history as a nation. Object Classification (in thousands of dollars) 1961 actual

Object Classification (in thousands of dollars) 1961

1962 estimate

61 4

61 4

Total personnel compensation_______ Personnel benefits....... ................. ............. Travel and transportation of persons_____ Rent, communications, and utilities . . Printing and reproduction............ ........... Other services. ....................... ............ . . Supplies and materials_____ ______ ____

68 3 8 4 3 17 1

66 3 8 4 2 16 1

66 3 8 4 2 16 1

Total obligations___________________

104

100

100

Average salary of ungraded positions_________

11 3 1 1 3 110

5 1 1

129

8

2 0

1 0

Average number of all employees____________ Number of employees at end of year_________

Jam es

7 7 7 8.2 $7,349 $17,738

1963

estimate

1

Personnel Summary

Personnel Summary 7 7 7 8.2 $7,238 $17,738

estimate

11 Personnel compensation: Positions other

1963 estimate

61 7

1962

actual

21 Travel and transportation of persons_____

11 Personnel compensation: Permanent positions................................ Positions other than permanent______ 12 21 23 24 25 26

The Commission was established for the purpose of formulating plans for a memorial to Franklin Delano Roosevelt, recommending a site for the memorial, and organizing competition for the design thereof.

7 7 7 8.2 $7,474 $17,738

M a d is o n

M e m o r ia l

C o m m is s io n

Program and Financing (in thousands of dollars) 1962

1961

actual

estimate

1963

estimate

Program by activities: Planning the memorial (total program costs— 1 A dvances and

9

R e im b u r s e m e n t s

Financing:

Program and Financing (in thousands of dollars) 1961

-9

1962

actual

estimate

9

1963

estimate

New obligational authority (appropriation)

10

Program by activities: Planning the commemoration (total program 4

The Commission was established for the purpose of formulating plans for the design, construction, and location of a permanent memorial to James Madison in the city of Washington, D.C., or in its immediate environs.

Financing: Advances and reimbursements from non4 Note.— Reimbursements from non-Federal sources are derived from the sale of publications (71 Stat. 627-8).

F r a n k l in

D elano

R oosevelt

M e m o r ia l

Object Classification (in thousands of dollars) 1962

1961

C o m m is s io n

actual

estimate

Program and Financing (in thousands of dollars) 11 Personnel compensation: Permanent posi1961 actual

1962 estimate

21 Travel and transportation of persons-------Program by activities: Planning the memorial (total program costs). Change in selected resources 1_______ _ .

Financing: Unobligated balance brought forward .

___

133 -4

8 -1

129

8

-136 8

-8

1 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $5 thousand; 1961, $1 thousand; 1962, $0.

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1

7 I 1

1

9

1963

estimate

Personnel Summary 1 1 0 10.0 $7,010

1963

estimate

1963

L in c o l n

S e s q ij ic e n t e n n ia l

C o m m is s io n

Program and Financing (in thousands of dollars) 1901 actual

1962 estimate

1963 estimate

Program by activities: Planning the celebration (total program 36 -3 6

Change in selected resources 1_____ _______

1 -1

This independent Commission of three members was created to hear and adjudicate claims, existing before August 13, 1946, of American Indian tribes, bands, or other identifiable groups of Indians residing within the territorial limits of the United States. Of the 596 claims filed, 144 have been completed. Payments of awards are dependent upon subsequent appropriations made through Claims, judgments, and private relief acts, appropriation to the Treasury Department. Final judgments through September 1961 total $70,684 thousand. Object Classification (in thousands of dollars)

Financing:

1961 actual 1 Selected resources as of June 30 are as follows: Unpaid undelivered orders, 1960, $55 thousand (1961 adjustments —$18 thousand); 1961, $1 thousand; 1962, $0.

U n it e d

States

T e r r it o r ia l

E x p a n s io n

M e m o r ia l

C o m m is s io n

Program and Financing (in thousands of dollars) 1962 estimate

1961 actual

1963 estimate

11 Personnel compensation: Permanent posi­ tions_________________ _________ ___ 12 Personnel benefits___________ _________ 21 Travel and transportation of persons_____ 23 Rent, communications, and utilities______ 24 Printing and reproduction______________ 25 Other services________________________ 26 Supplies and materials_____ _____ ______ 31 Equipment___________________________

175 13 4 2

Total obligations..... .......... ....................

Program by activities: Planning the memorial (total program costs)—

1 -1

1962 estimate

1963 estimate

1 1 8

235 21 10 3 3 2 3 3

253 22 10 3 1 2 3 1

204

280

295

17 16 17 10.4 $8,250

23 23 23 10.5 $8,869

25 25 25 10.0 $8,894

4 Personnel Summary 4 Total number of permanent positions_________ Average number of all employees_____ ______ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

Financing: -4 4 New obligational authority (reappropria4 1 Selected resources as of June 30 are as follow s: Unpaid undelivered orders, 1960, $1 thousand; 1961. $0; 1962, $0.

The Commission is concerned with physical develop­ ments at the Jefferson National Expansion Memorial, St. Louis, Mo. INDIAN CLAIMS COMMISSION Current authorizations: S a l a r ie s

and

E xpen ses

For expenses necessary to carry out the purposes of the Act of August 13, 1946 (25 U.S.C. 70), creating an Indian Claims Com­ mission, [$280,000] $895,000 , of which not to exceed $10,000 shall be available for expenses of travel. (75 Stat. 246; Department of the Interior and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

1963 estimate

Program by activities: Hearings and adjudicating of Indian claims (total program costs)—............. .............. Change in selected resources 1_____________

200 4

284 -4

295

Total obligations____________________

204

280

295

280

295

Financing: 2 New obligational authority (appropriation)

INTERSTATE COMMERCE COMMISSION Current authorizations: S a l a r ie s

and

E xpen ses

For necessary expenses of the Interstate Commerce Commission, including not to exceed $5,000 for the employment of special counsel; services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); emergency preparedness functions assigned pursuant to law; and purchase of not to exceed [forty-two] fifty-seven passenger motor vehicles of which [thirty-six] fifty-five shall be for replacement only; [$22,075,000] $28,200,000, of which not less than [$1,696,700] $1,758,700, shall be available for expenses neces­ sary to carry out railroad safety activities and not less than [$1,129,000] $1,170,800 shall be available for expenses necessary to carry out locomotive inspection activities: Provided, That Joint Board members and cooperating State commissioners may use Government transportation requests when traveling in connection with their duties as such. ( Interstate Commerce Act and supple­ mental acts, Parts I, I I , I I I , I V , and V (49 U.S.C. Chapters 1, 2, 8, 12, and 18 ); Inland Waterways Transportation Act, (49 U.S.C. Chapter 5; Federal Aviation Act of 1958, 49 U.S.C. § 1008; Bank­ ruptcy Act, 11 U.S.C. § 77; Corporate Reorganizations, 11 U.S.C. § 106; Clayton Antitrust Act, 15 U.S.C. §§ 12, 18, 20, 21, 24, 25, 26, and 27; Standard Time Act, 15 U.S.C. Chapter 6; Explosives and Combustibles, 18 U.S.C. §§ 831-835; Parcel Post Acts, 39 U.S.C. § 247; Railway Service Pay, 89 U.S.C. §§ 523-570; Safety Appliance Locomotive Inspection and Accident Reports Act, 45 U.S.C. Chapter 1 (§§ 1—64 ); Railway Labor Act, 45 U.S.C. § 151; Railroad Retirement Act, 45 U.S.C. § 228a; Railroad Unemployment Insurance Act, 45 U.S.C. § 351; Medals of Honor Act, 45 U.S.C. § 44- Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars)

206

1961 actual 1 Selected resources as of June 30 are as follow s: Stores____________________________________......... .. Unpaid undelivered orders---------------------- _________ T otal selected resources__________ ................

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I960 19361 19762 19663 7 3

11

3

4

10

14

10

10

Program by activities: 1. Regulation of carrier rates, practices, operating authorities, and finance_____

5,221

1962 estimate

5,479

1963 estimate

5,734

1963

INTERSTATE COMMERCE COMMISSION— Con. Current authorizations— Continued S a l a r ie s

and

E x p e n s e s — C o n tin u e d

Program and Financing (in thousands of dollars)—Continued 1961 actual

1962 estimate

1963 estimate

Program by activities—Continued 5,264

5,360

5,601

2,896 1,444

2,934 1,436

3,112 1,438

1,069 1,660 1,150 1,681 1,140

1,059 1,697 1,129 1,789 1,192

1,076 1,754 1,171 1,844 1,295 175

Total program costs_________________

21,525 -8 6

22,075

23,200

Total obligations________ ___ _

21,439

22,075

23,200

22,075

23,200

3. Supervision and analysis of carrier ac­ counting and statistics_______________ 4. Supervision and interpretation of tariffs__ 5. Railroad safety and car service: (a) Car service_______ __________ -(b) Railroad safety-__ ______ ___ . _ (c) Locomotive inspection_____ 6. Executive and advisory functions____ - 7. General management and administration...

--

Financing: 13 New obligational authority (appropriation)

19680

196101

196102

200

112

112

112

208

122

122

122

t Selected resources as of June 30 are as follows: Stores______________________________ Unpaid undelivered orders________ Total selected resources_____

21,452

196103

The Commission regulates common and, in the case of motor and water carriers, contract carriers engaged in interstate commerce and, to the extent that it takes place within the United States, foreign commerce. The types of carriers covered include railroads, express companies, sleeping car companies, motor carriers, water carriers, pipelines (except for water and gas), and freight for­ warders. The increase of $1.1 million is requested in order to handle the continually increasing number of applications for motor carrier permanent and temporary operating authorities and applications for mergers and consolida­ tions of motor carriers and railroads; to improve the economic and cost data necessary for regulatory activities; and to provide a more adequate level of compliance with the provisions of the Interstate Commerce Act and related acts. A supplemental estimate for 1962 is anticipated for separate transmittal. 1. Regulation oj carrier rates, practices, operating author­ ities, and jinance.— This activity of the Commission con­ sists of regulating rates; granting operating authorities; approving applications for abandonments of and exten­ sions of railroad lines, financial reorganizations, and rate agreements between carriers; reviewing proposed discon­ tinuances of or changes in the operation or service of trains and ferries; and guaranteeing loans to railroads. 2. Compliance.— The Commission enforces statutes and regulations affecting transportation and carriers. Exam­ inations are made to ascertain that motor carriers and freight forwarders are adequately insured, and surveys of

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motor carrier operating practices are conducted to reduce accidents and to promote highway safety. 3. Supervision and analysis oj carrier accounting and statistics.— The Commission is responsible for the formu­ lation and policing of uniform systems of accounts; the preparation of studies of operating costs for use in rate proceedings; the maintenance of current inventory and cost records; the development of elements of value used in regulating carriers; the compiling of statistics from carrier reports; and the preparation of studies of operating, financial, and related transportation problems. 4. Supervision and interpretation oj tariffs.— Carrier tariffs, or rate schedules, are examined for compliance with the Commission’s tariff rules; authority to publish rates on less-than-statutory notice is, under certain conditions, granted; and informal complaints and carrier requests to pay reparations are processed 5. Railroad sajety and car service.— Commission field personnel work with carriers and shippers in handling problems of safety and efficient use of equipment in the transportation of passengers and property by railroad. This work includes inspection of safety appliances and signal installations, inspection of locomotives, and enforce­ ment of car-service regulations designed to increase the utilization of railroad rolling stock. 6. Executive and advisory junctions.— This activity in­ cludes the work of the Commissioners and their staffs; the defense of Commission orders in court; the rendering of legal advice to the Commission; and the formal issuance of orders, rules, and regulations. 8. Emergency transportation junctions.—-The Commis­ sion is responsible for the mobilization of domestic surface transportation and storage. SELECTED

W ORKLOAD

DATA

1961 actual 1962estimate 1963estimate Application (or permanent operating au­ thorities: Received during year_______________ . 4,082 4,351 4,676 Disposed of during year_______________ 4,386 4,748 5,000 Other motor carrier proceedings: Received during year_________________ 137 140 150 Disposed of during year____ ________ 101 140 172 Applications for conversion and investigation: Reopened during year________ ______ 8 3 Disposed of during year_____ _________ 137 10 Cases involving finance matters: Received during year________________ 2,193 2,308 2,334 Disposed of during year_____________ 2,209 2,343 2,389 Rate proceedings: Motor carriers: Filed during year_____________ ___ 1,303 1,343 1,377 Disposed of during year_____________ 1,237 1,355 1,399 Other: Filed during year___________________ 572 557 630 Disposed of during year____ - _____ 586 584 658 187,828 Number of freight tariffs filed during year- 190,000 192,000 Field audits of carrier accounts___________ 1,331 1,500 1,500 Safety activities: Motor carriers: Number of accidents investigated_____ 391 450 514 Safety surveys of carriers’ operations-. 6,479 6,775 7,405 Number of vehicles inspected________ 50,883 47,300 51,550 Unsafe vehicles ordered out of service. . 7,481 3,444 3,759 Rail carriers: Safety appliances inspected________ _ 1,670,968 1,756,000 1,756,000 Number of locomotives inspected_____ 98,332 100,000 10J.000 Enforcement activities: Investigations instituted______________ 1,436 1,524 1,609 Investigations concluded______________ 1,267 1,400 1,650 Court proceedings instituted___________ 780 880 1,042 Court proceedings concluded___________ 700 753 809

1963

section 503 of the Interstate Commerce Act, as amended (49 U.S.C. 1233), $14,700,000.] (Supplemental Appropriation Act,

Object Classification (in thousands of dollars) 1962 e stim a te

1961 a c tu a l

11 Personnel compensation: Permanent positions...____ ________

18,381

19,029

_____

17,817 8 102

40

75

Total personnel compensation_______ Personnel benefits_____________ ____ Travel and transportation of persons_____ Transportation of things_____ ________ Rent, communications, and utilities . . . . Printing and reproduction. _______ Other services.... ................... _ ... Supplies and materials _____ _ _____ Equipment........... ._

17,927 1,325 1,136 26 305 175 95 277 173

18,421 1,363 1,165 35 308 213 108 259 203

19,104 1,413 1,440 35 333 217 130 272 256

21,439

22,075

23,200

2,428 1 2,386 2,392 8.6 $7,538

2,473

2,542

Other personnel compensation 12 21 22 23 24 25 26 31

1963 e stim a te

Total obligations..................

1962.) Program and Financing (in thousands of dollars) 1962 estim a te

1961 a c tu a l

1963 estim a te

Program by activities: Loan guaranties (total program costs—obli14,676 Financing: 24 14,700

New obligational authority (appropriation)

This appropriation was for honoring guarantees on loans made by private banks to the New York, New Haven, and Hartford railroad which are now in default.

Personnel Summary Total number of permanent positions. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year.. Average GS grade............ ................ Average GS salary________________

2,424 2,422 8.7 $7,585

2,491 2,491 8.7 $7,638

A l l o c a t io n s

R e c e iv e d

F rom

Other

A ccounts

N o te .— O b ligation s in cu rred under allocation s fr o m oth er a c c o u n ts are show n in the schedules o f the p a re n t ap p ro p ria tio n “ C iv il defen se and defen se m ob iliz a ­ tio n fu n c tio n s o f F ederal age n cie s,” O ffice o f E m e rg e n cy P lan n in g.

Intragovernmental funds:

Proposed for separate transmittal: S a l a r ie s

and

A dvances and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars)

E xpen ses

Program and Financing (in thousands of dollars) 1961 a ctu a l

1961 a c tu a l

1962 estim a te

Program by activities: 1. Regulation of carrier rates, practices, operating authorities, and finance..........

1963 estim a te

13 42

3. Supervision and analysis of carrier ac15 5. Railroad safety and car service: 10 24 20 1 Total program costs—obligations______

Program by activities: Miscellaneous services to other accounts (total program costs—obligations) . Financing: Advances and reimbursements from— Other accounts............................... Non-Federal sources (40 U.S.C. 481 (c) and 5 U.S.C. 61b)___________________ Total financing

................................

1962 estim a te

1963 estim a te

12

15

20

6

7

7

6

8

13

12

15

20

1 6

4 1 1 1 8

4 1 1 1 13

12

15

20

1 0

1 0

) 0

Object Classification (in thousands of dollars)

125

Financing: New obligational authority (proposed supple125

Under existing legislation, 1962.— This supplemental appropriation will cover the additional cost of higher per diem and mileage rates which became effective in 1961.

11 Personnel compensation: Positions other than permanent __ _______ 12 Personnel benefits________ ____________ 21 Travel and transportation of persons. _ 26 Supplies and materials....... _ 31 Equipment......... ................. .............. . Total obligations..... .........................

5

Personnel Summary [ paym ent

op

loan

g u a r a n t ie s

]

[For payments required to be made as a consequence of loan guaranties made by the Interstate Commerce Commission under

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Average number of all employees...................... Number of employees at end of year___ _

1963

INTERSTATE COMMISSION ON THE POTOMAC RIVER BASIN

Object Classification (in thousands of dollars) 1961 a c tu a l

Current authorizations: C o n t r ib u t io n

to

I n terstate R iv e r

C o m m is s io n B a s in

on

th e

P otom ac

T o enable the Secretary of the Treasury to pay in advance to the Interstate Commission on the Potomac River Basin the Federal contribution toward the expenses of the Commission during the current fiscal year in the administration of its business in the con­ servancy district established pursuant to the Act of July 11, 1940 (54 Stat. 748), $5,000. (Departments of Labor, and Health, Educa­

11 Personnel compensation: Permanent posi­ tions______________________________ 12 Personnel benefits_____________________ 23 Rent, communications, and utilities______ 25 Other services: Extraordinary maintenance. 26 Supplies and materials_________________ 31 Equipment___________________________

1962 es tim a te

1963 es tim a te

24 1 9 2 3 1

24 1 9 2 3 1

24 1 9 2 3 1

40

40

40

5 5 5 6.6 $6,174 $4,522

5 5 5 6.6 $6,230 $4,692

5 5 5 6.6 $6,304 $4,733

Total obligations____________________

tion, and Welfare Appropriation Act, 1962.) Personnel Summary

Program and Financing (in thousands of dollars) 1961 a ctu a l

1962 estim a te

1963 estim ate

Program by activities: Contribution to the Commission (total pro­ gram costs—obligations) (object class 41)_

5

5

5

Financing: New obligational authority (appropriation)__

5

5

5

Total number of permanent positions____ ____ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________ Average salary of ungraded positions_________

NATIONAL CAPITAL PLANNING COMMISSION To enable the Secretary of the Treasury to pay in advance to the Interstate Commission on the Potomac River Basin the Federal contribution toward the expenses of the Commission during the current year in the admin­ istration of its business in the conservancy district estab­ lished pursuant to the act of July 11, 1940 (54 Stat. 748), $5 thousand. NATIONAL CAPITAL HOUSING AUTHORITY

Current authorizations: S a l a r ie s a n d E x p e n s e s

For necessary expenses, as authorized by the National Capital Planning Act of 1952 (40 U.S.C. 71—71i), including services as authorized by section 15 of the Act of August 2,1946 (5 U.S.C. 55a) ; [payment in advance for membership in societies whose publications or services are available to members only or to members at a price lower than to the general public;] and uniforms or allowances there­ for, as authorized by law (5 U.S.C. 2131); [$525,000] $685,000. (75 Stat. 860; Department o f the Interior and Related Agencies A ppro­ priation Act, 1968.)

Current authorizations:

Program and Financing (in thousands of dollars) O p e r a t io n

and

M a in t e n a n c e

of

P r o p e r t ie s

For the operation and maintenance of properties under title I of the District of Columbia Alley Dwelling Act, $40,000: Provided, That all receipts derived from sales, leases, or other sources shall be covered into the Treasury of the United States monthly: Provided further, That so long as funds are available from appropriations for the foregoing purposes, the provisions of section 507 of the Housing Act of 1950 (Public Law 475, Eighty-first Congress), shall not be effective. (48 Stat. 930, amended by Public Law 75-783; Independent Offices Appropriation Act, 1968.) Program and Financing (in thousands of dollars) 1961

actual Program by activities: Operation and maintenance of properties (total program costs) _________ ______ Change in selected resources 1_______ _____ Total obligations..................... ......... . Financing: New obligational authority (appropriation)___

1962

estimate

1963

estimate

37 3

40

40

40

40

40

40

40

40

1 S elected resources as o f Jun e 30 are as fo llo w s : U n p a id u n d e live re d orders, I960, $ 0 ; 1961, $3 th ou sa n d ; 1962, $3 th o u s a n d ; 1963, $3 th ou san d .

The requested appropriation of $40 thousand for 1963 is to continue at a constant rate the operation and main­ tenance of 96 low-rent housing units operated under title I of the District of Columbia Alley Dwelling Act. Rent receipts, estimated at $48 thousand for 1963, are deposited to miscellaneous receipts of the Treasury.

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1961

actual

1962

estimate

1963

estimate

Program by activities: 1. Planning development of the National C apital...________________________ 2. Coordinating metropolitan area planning- .

358 79

435 88

527 98

Total program costs 1________________ Change in selected resources 2_____________

437 -2

523 2

625

Total obligations____________________

435

525

625

435

525

625

Financing: New obligational authority (appropriation)___

1 In clu d es ca p ita l o u tla y as fo llo w s : 1961, $3 th o u s a n d ; 1962, $10 th ou sa n d ; 1963, $10 thousand . 3 S elected resources as o f Jun e 30 are as fo llo w s : U n p a id u n d elivered orders, 1960, $45 th o u sa n d (1961 a d ju s tm e n ts — $15 t h o u s a n d ); 1961, $28 th o u sa n d ; 1962, $30 th o u sa n d : 1963, $30 th ou san d .

1. Planning development oj the National Capital.— The Commission is charged with planning the orderly devel­ opment and redevelopment of the National Capital and the conservation of the important natural and historical features thereof. Its membership consists of five private citizens chosen for their experience in city and regional planning and seven ex officio members who are officials having responsibility for development of the Nation’s Capital. 2. Coordinating metropolitan area planning.— The National Capital Regional Planning Council coordinates planning in the counties and cities of the metropolitan

1963

area. Its membership is composed of the Chairman of the Planning Commission, the Engineer Commissioner of the District of Columbia, and four representatives each from Maryland and Virginia, who are nominated from the State planning agencies.

Personnel Summary—Continued 1961 a ctu a l

Average GS salary________________________

Object Classification (in thousands of dollars) 1961 a c tu a l

1962 estim a te

332 10 3

367 15 1

382 20 1

Total personnel compensation_______ 12 Personnel benefits_____________________ 21 Travel and transportation of persons_____ Payment to interagency motor pools___ 22 Transportation of things________________ 23 Rent, communications, and utilities______ 24 Printing and reproduction..... ................. . . 25 Other services________________ _____ 26 Supplies and materials_________________ 31 Equipment— ______________________

345 25 6 1 4 5 38 10 3

383 30 10 2 1 6 28 43 10 10

403 31 10 2 1 95 15 48 10 10

Total costs. _ _____________________ Change in selected resources_____ _ ________

437 -2

523 2

625

Total obligations___________ ________

435

525

625

Personnel Summary Total number of permanent positions_______ _ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________

41 2 40 46 10.1

45 3 46 49 10.1

$8,679 $4,451

1963 estim a te

$8,749 $4,451

$8,877 $4,451

1963 estim a te L and

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation...... ..........

1962 estim a te

45 3 47 49 10.1

A c q u is it io n ,

N a t io n a l C a p it a l P a b k , P l a y g r o u n d S ystem

Parkw ay,

and

For necessary expenses for the National Capital Planning Com­ mission for acquisition of land for the park, parkway, and play­ ground system of the National Capital, as authorized by the Act of May 29, 1930 (46 Stat. 482), as amended, to remain available until expended, [$500,000 which] $1,300,000, of which (a) $100,000 shall be available for the [purpose] purposes of section 1(a) of said Act of May 29, 1930, [for the purchase of approximately 416 acres of parkland in Prince Georges County, Maryland, consisting of the Fort Foote extension to the Smoot Bay area; the Harmony Hall Historic area between the Indian Queen Estates and Broadwater Estates sub-divisions; and the extension of Fort Washington to Swan Creek: Provided, That none of the funds shall be available for acquiring without the consent of the owner any improved property which shall be defined to mean a detached, one-family dwelling together with at least three acres of the land on which the dwelling is situated, or all of such lesser amount as may be held in same owner­ ship as the dwelling: Provided further, That none of the funds provided under the National Park Service item “ Construction (liquidation of contract authorization)” shall be expended for planning or construction of the extension of the George Washington Memorial Parkway in Prince Georges County, Maryland:] (b) $600,000 shall be available for the purposes of section 1 (b) thereof, and (c) $600,000 shall be available for the purposes of section 1 (c) thereof: Provided, That not exceeding $50,000 of the funds available for land

acquisition purposes shall be used during the current fiscal year for necessary expenses of the Commission (other than payments for land) in connection with land acquisition. (73 Stat. 261; Department of the Interior and Related Agencies Appropriation Act, 1962.)

Program and Financing (in thousands of dollars) A n aly sis o f 1963 fin a n cin g

C o sts t o th is a p p ro p r ia tio n

T ota l estim a te 1

T o J u n e 30, I9 6 0

3.375 3.375

1,138 900

25,250 4,500

3,552

16,000

13,447

32,500

19,037

1962 estim a te

1961 actu a l

1963 estim ate

D edu ct u n p a id u n d e liv e re d ord e rs an d u n o b lig a te d b a la n ce , sta rt o f ye a r

A d d u n p a id u n d e liv e re d orders an d u n o b lig a te d b a la n ce , end of year

A p p r o p r ia ­ t io n re­ q u ire d fo r 1963

A p p r o p r ia ­ t io n re­ qu ired t o co m p le te

Program by activities: 1. George Washington Memorial Park­ way: 116 803

100

100

2,074 1,551

12 150

600 600

600 600

1,086 3,750

266

1,687

600

600

334 369

2,768 -830

1,900 -200

600

1,300

8,461

703

1,938

1,700

-2,291 1,838

-1,838 400

-400

250

500

1,300

47 21

2. Stream valley parks: 3. Park, parkway, and playground sys­ tem in the District of Columbia__

Total oblieations Financing:

New obligational authoritv (annrDonation")

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l C a p p e r -C r a m to n A ct, M a y 29, 1930, as a m en d ed (4 6 S tat. 482). * In clu d es $3 m illio n fo r lo a n (a d v a n c e s ) to M arylan d. 3 S elected re so u rce s as o f Jun e 30 are as fo llo w s : U n p a id u n d eliv ered $1,030 th o u s a n d ; 1962, $200 th o u s a n d ; 1963. $0.

orders,

1960, $661 th o u sa n d ; 1961,

1963

NATIONAL CAPITAL PLANNING COMMISSION— Continued

Program and Financing (in thousands of dollars) 1961 a ctu al

Current authorizations— Continued L and

A c q u is it io n , N a t io n a l C a p it a l P layg ro u n d System

P ark,

P arkw ay,

and

—Continued

The National Capital Planning Commission acquires land for the comprehensive development of the park, parkway, and playground system in the District of Colum­ bia and its environs. 1. George Washington Memorial Parkway.—-Land is ac­ quired along both shores of the Potomac River, above and below Washington from Great Falls to Mount Vernon. One-half the cost is borne by the local jurisdictions. 2. Stream valley parks.— Land is acquired by public bodies with the aid of a one-third contribution from the National Capital Planning Commission. 3. Park, parkway, and playground system in the District of Columbia.— Land is also acquired in the District of Columbia, with all expenditures being repaid over a period of years to the United States by the District of Columbia. Acquisitions are part of the Commission’s comprehensive plan for the park, parkway, and playground system of the National Capital. Funds appropriated during 1960 com­ pleted the amount authorized by law.

Program by activities: Open space study, National Capital Region 30 10 40 Financing: Unobligated balance carried forward_______

1962 estim a te

1963 estim ate

1 Selected resou rces as o f June 30 are as fo llo w s : U n p a id u n d eliv ered orders, 1963, $10 thousand .

The National Capital Planning Commission and the National Capital Regional Planning Council will under­ take a study to determine future requirements for open space in the National Capital region, and the legal, finan­ cial, and administrative means by which this land can be reserved from development. It is anticipated that governments of the region and private organizations will participate in the study.

R e im b u r s e m e n t s

1962 estim a te

1961 a c tu a l

10 2

7

28 2 18 286

12 1 37 2,556 162

8 42 650 1,200

Total costs___________________ _____ Changes in selected resources________________

334 369

2,768 -830

1,900 -200

Total obligations-____ _____________

703

1,938

1,700

32 Lands and structures___________________ 41 Grants, subsidies, and contributions______

65

Program and Financing (in thousands of dollars)

28

Total personnel compensation_______ 12 Personnel benefits_____________________

25

New obligational authority (appropriation)

A dvances an d

11 Personnel compensation: Permanent positions_________________

1963 estim a te

Intragovemmental funds:

Object Classification (in thousands of dollars) 1961 a c tu a l

1962 e s tim a te

1963 estim a te

Program by activities: Miscellaneous services for other agencies (total 2 Financing: Advances and reimbursements from other 2

NATIONAL CAPITAL TRANSPORTATION AGENCY Current authorizations:

Personnel Summary Total number of permanent positions_________ Average number of all employees____________ Number of employees at end of year- ________ Average GS grade________________________ Average GS salary________________________

S a la r ie s

and E x p e n s e s ,

S a l a r ie s

2 3 2 9.0 $8,392

1 1 2 5.0 $5,013

O p en S p a ce S tu d y , N a tio n a l R e g io n

1 1 1 5.0 $5,179

C a p ita l

For necessary expenses to enable the National Capital Planning Commission and the National Capital Regional Planning Council to jointly conduct an open space study in the National Capital region as defined in the National Capital Planning Act of 1952 (40 U.S.C. 71-71%), including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 56a), $66,000, to remain available until June SO, 1964-

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and

E xpen ses

For expenses necessary to carry out the provisions of title II of the Act of July 14, 1960 (74 Stat. 537), including payment in advance for membership in societies whose publications or services are avail­ able to members only or to members at a price lower than to the general public; not to exceed $500 for official reception and rep­ resentation expenses; hire of passenger motor vehicles; and uniforms or allowances therefor, as authorized by law (5 U.S.C. 2131); [$875,000] $4,450,000. [For an additional amount for “ Salaries and Expenses” , $85,000.3 (Department of Interior and Related Agencies Appropriation Act, 1962; Supplemental Appropriation Act, 1968.) Program and Financing (in thousands of dollars) 1961

actual Program by activities: Preparation of the transit development pro­ gram (total program costs)1___ _______

152

1962

estimate

930

1963

estimate

4,235

1963

Program and Financing (in thousands of dollars)—Continued 1961 a ctu a l

Program by activities—Continued Change in selected resources 2 _ _ Total obligations-—

................

1962 estim ate

L and 1963 estim ate

55

30

215

207

960

4,450

Financing:

and

C o n s t r u c t io n

Program and Financing (in thousands of dollars)

43 New obligational authority (appropriation)

A c q u is it io n

For necessary expenses for the National Capital Transportation Agency for acquisition of land, or interests therein, and for incidental construction, for transit facilities, as authorized by law, [$1,000,000J $2,000,000, to remain available until expended[: Provided, That this paragraph shall be effective only upon the enactment into law of S. 2397, Eighty-seventh Congress, or similar legislation, author­ izing said agency to carry out part 1 of its transit development program], (Supplemental Appropriation Act, 1962.)

960

250

4,450

1 In clu d es ca p ita l o u tla y as fo llo w s : 1961, $23 th o u s a n d ; 1962, $21 th o u sa n d ; 1963, $27 th ou sa n d . 3 S elected resou rces as o f June 30 are as fo llo w s : U n paid u n d e liv e re d orders, 1960, $0; 1961, $55 th o u s a n d ; 1962, $85 th o u s a n d ; 1963, $300 th ou san d .

The Agency, established pursuant to 74 Stat. 538, is responsible for preparing a comprehensive transit de­ velopment program for the National Capital region. The Agency is continuing and revising the work begun in the mass transportation survey prepared by the National Capital Planning Commission and Regional Planning Council which outlined a system of freeways, rapid transit, express buses, and parking facilities to meet the projected expansion of the region’s economy and population. The Agency is preparing its report to the President on organ­ ization and financing for improved mass transportation in the National Capital region, which is due November 1, 1962. Preliminary engineering and economic plans are being developed for the first stages of construction of a rapid transit system within the District of Columbia and special consideration is being given to expanded use of existing rail transit facilities. An overall transit plan is simultaneously being developed for the region, including detailed cost and revenue estimates. The Agency’s pro­ gram must be coordinated with the respective governing and planning bodies of the area.

1961 a c tu a l

1962 estim a te

1963 estim a te

Program by activities: 635 50 15

1,600 200

700 300

1,800 200

1,000

2,000

1,000

2,000

Financing:

1 S elected resou rces as o f June 30 are as fo llo w s : U n p a id u n d elivered orders, 1961, $0 ; 1962, $300 t h o u s a n d ; 1963, $500 th o u sa n d .

The National Capital Transportation Agency will acquire land for express transit facilities in conjunction with Interstate Route 66 in Virginia and Interstate Route 95 and the George Washington Memorial Parkway in Maryland. It will also provide for additional construc­ tion costs in modifying these highways to accommodate transit needs. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Object Classification (in thousands of dollars) 1961 a ctu a l

11 Personnel compensation: Permanent positions____________ ___ Positions other than permanent____ Total personnel compensation___ Personnel benefits __ - ___ Travel and transportation of persons Transportation of things______ _____ ___ Rent, communications, and utilities, ____ Printing and reproduction_____ _ ___ Other services________ __ ______ — Services of other agencies__ ____ _ 26 Supplies and materials_________________ 31 Equipment_______ _______________ ___ 12 21 22 23 24 25

Total obligations______ - ____ _

1962 estim a te

11 Personnel compensation: Permanent posi1963

estimate

62 26 1

552 50

916 200

89 5 4 1 3 3 43 15 8 36

602 40 20 9 54 10 160 32 8 25

1,116 73 30 12 125 15 3,000 49 10 20

207

960

4,450

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions ______ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

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13 1 21 965

50 1,950

1,000

2,000

Personnel Summary 2 1 2 13.0 $10,598

NATIONAL LABOR RELATIONS BOARD Current authorizations:

16 3 10 28 10.1 $8,642

68 5 60 73 11.3 $9,831

98 20 111 118 11.3 $9,893

S a l a r ie s a n d E x p e n s e s

For expenses necessary for the National Labor Relations Board to carry out the functions vested in it by the Labor-Management Relations Act, 1947, as amended (29 U.S.C. 141-167), and other laws, [$19,989,000] $20,250,000'. Provided, That no part of this appropriation shall be available to organize or assist in organizing agricultural laborers or used in connection with investigations,

1963

NATIONAL LABOR RELATIONS BOARD— Con. Current authorizations— Continued Sa l a r ie s a n d

E xpen ses—

Continued

hearings, directives, or orders concerning bargaining units composed of agricultural laborers as referred to in section 2(3) of the Act of July 5, 1935 (29 U.S.C. 152), and as amended by the Labor-Management Relations Act, 1947, as amended, and as defined in section 3(f) of the Act of June 25, 1938 (29 U.S.C. 203), and including in said definition employees engaged in the maintenance and operation of ditches, canals, reservoirs, and waterways when maintained or operated on a mutual, nonprofit basis and at least 95 per centum of the water stored or supplied thereby is used for farming purposes. (47 U.S.C. 222; Departments o f Labor, and Health, Education, and Welfare Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 a ctu a l

Program by activities: 1. Field investigations________ ________ __ 2. Trial examiner hearings________________ 3. Board adjudication___________________ 4. Securing compliance with Board orders___ Total obligations___________________

1962 e stim a te

1963 estim ate

11,813 1,525 2,889 2,898

12,263 1,739 2,965 3,283

18,008

19,125

20,250

205 18,213

19,125

20,250

18,213

19,989

20,250

New obligational authority: Transferred to “ Operating expenses. Public Buildings Service,” General Services Ad18,213

19,125

20,250

The Board resolves representation disputes in industry and remedies and prevents specified unfair labor practices by employers or labor organizations. Additional funds are requested to meet a steadily rising caseload in both unfair labor practices and representation cases. Esti­ mates for 1963 reflect an intake increase over 1962 of 12% for unfair labor practice cases and 9% for representation cases. 1. Field investigations and determinations.—Charges of unfair labor practices and petitions for elections to resolve representation disputes are investigated by regional office personnel. About 85% of the unfair labor practice cases and about 75% of the representation cases are closed by settlement, dismissal, or withdrawal. The remainder are prepared for public hearing. The agency strives for the voluntary settlement of disputes, and the incidence of informal settlements is estimated to increase in 1963. 2. Trial examiner hearings.— Trial examiners conduct public hearings in unfair labor practice cases. Their findings and recommendations are set forth in intermediate reports. In 1961 there were 694 hearings held, 116 proceedings adjusted and 697 reports issued. The estimate for 1962 is for 822 hearings, 67 adjusted proceed­ ings and 750 reports. The 1963 estimate is for 898 hearings, 128 adjusted proceedings and 788 reports. 3. Board adjudication.— In an unfair labor practice case a trial examiner’s intermediate report becomes a Board order if no exceptions are filed. About 25% so result. The remainder are referred to the Board for decision, of which the Board issued 415 in 1961. The estimate for

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1962

estimate

actual

1963

estimate

11 Personnel compensation: Permanent positions________ _____ _ Positions other than permanent________ Other personnel compensation___ _____

13,525 10 155

14,942 6 111

15,735 6 112

Total personnel compensation_____ _ Personnel benefits__________ __________ Travel and transportation of persons_____ Transportation of things____ ___________ Rent, communications, and utilities______ R ents______ _______ ____ _________ Printing and reproduction______________ Other services________________ _______ Services of other agencies_____________ Supplies and materials_________________ Equipment___ ___ ___ ______ ________

13,690 996 944 81 470 576 334 520 45 216 136

15,059 1,099 1,060 57 475 27 385 517 57 226 136 27

15,853 1,168 1,170 56 498 27 455 582 68 234 139

18,008

19,125

20,250

1,815

1,996

2,064

1,760 1,816 9.0 $7,775

1,929 1,984 9.0 $7,815

2,001 2,048 9.0 $7,897

12 21 22 23 24 25 26 31 47

-864 Appropriation (adjusted). ____________

Object Classification (in thousands of dollars) 1961

11,333 1,438 2,287 2,950

Financing: New obligational authority____________

1962 is 701 and the estimate for 1963 is 692. Pursuant to the authority of the Labor-Management Reporting and Disclosure Act of 1959, the Board delegated to regional directors its powers with respect to representation cases, effective May 15, 1961. As a result, although the Board issued 2,197 decisions in contested representation pro­ ceedings in 1961, only 675 are estimated for 1962 and only 150 for 1963. Similarly, although regional directors issued only 52 such decisions in 1961, the estimate for 1962 is 1,992 and the estimate for 1963 is 2,094. 4. Securing compliance with Board orders.—-If the parties do not voluntarily comply with the Board’s order involving unfair labor practices, the Board must request the courts to enforce its decisions. In 1961 a total of 176 Board decisions of all kinds required litigation; the estimate for 1962 is 215; the estimate for 1963 is 243.

Total obligations_________

. ______

Personnel Summary Total number of permanent positions.. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year_ _ Average GS grade_________________ Average GS salary________________

Intragovemmental fu n ds: A dvances and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1962

1961

actual Program by activities: Trial examiner hearing (total obligations)___

estimate

1963

estimate

4

4

4

4

4

4

Financing: Advances and reimbursements from other

Object Classification (in thousands of dollars) 11 Personnel compensation: Positions other than permanent_____________________ 21 Travel and transportation of persons_____

3 1

3 1

3 1

Total obligations____________________

4

4

4

1963

Personnel Summary

board to investigate and report on the dispute as a basis for agreement.

1961 a c tu a l

Number of employees at end of year_________

1 0 15.0 15,038

1962 estim a te

1 0 15.0 15.309

1 0 15.0 15,309

NATIONAL MEDIATION BOARD Current authorizations: S a l a r ie s

and

E xpen ses

For expenses necessary for carrying out the provisions of the Railway Labor Act, as amended (45 U.S.C. 151-188), including temporary employment of referees under section 3 of the Railway Labor Act, as amended, at rates not in excess of $100 per diem; and emergency boards appointed by the President pursuant to section 10 of said Act (45 U.S.C. 160); [$1,804,000] $1,904,000. (45 U.S.C. 154; Departments of Labor, and Health, Education, and Welfare Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 a c tu a l

1962 e stim a te

577

604

631

336 601

350 835

460 813

Total program costs_________________ Change in selected resources1_____ _____

1,514 -1

1,789 -2

1,904

Total obligations____________ _______

1,513

1,787

1,904

1,604

1,787

1,904

1,604

1,804

1,904

91

New obligational authority.____ _____

New obligational authority: Transferred to "Operating expenses, Public Building Service,” General Services Ad­ ministration (75 Stat. 353)_________ ____ Appropriation (adjusted)_____ ________

1,604

1,787

1,904

CASES

61al es1tim 96a2te es1tim 963ate aI960 ctual a1c9tu 257 339 325 271

271 360 350 281

281 360 350 291

2. Voluntary arbitration and emergency disputes.— When mediation fails, the parties are urged to submit their differ­ ences to arbitration or special adjustment boards, includ­ ing neutral members paid from this account. If neither mediation nor voluntary arbitration are successful, the President, when notified of disputes which threaten seri­ ously to interrupt service, may appoint an emergency

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Arbitration boards___________________ Special adjustment boards_____________ Emergency boards___________________

9 101 7

8 114 7

10 125 7

10 125 7

3. Adjustment oj railroad grievances.— Kailroad em­ ployee grievances resulting from application of collective bargaining contracts may be brought for settlement to the 36-man Board composed of 4 divisions. Each division has an equal number of carriers and union representatives paid by the parties and handles the grievances of a par­ ticular type of employee. The appropriation provides clerical assistance to the Board and neutral referees to sit with divisions of the Board when they are deadlocked. W ORKLOAD

61al es1tim 96a2te es1tim 963ate aI960 ctual a1c9tu Pending, beginning of year____________ __ 5,6455,957 5,968 Received during year_________________ __ 1,798 1,870 2,050 Closed during year______________ ____ __ 1,486 1,859 2,050 Pending, end of year.____ ____________ __ 5,957 5,968 5,968 Referee days of service__________________ 1,712 1,647 2,800

5,968 2,075 2,075 5,968 2,870

Object Classification (in thousands of dollars) 1961 a c tu a l

1962 estim a te

1963 estim a te

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personal compensation__________

728 440 3

818 568

835 621

Total personnel compensation............. Personnel benefits_____________________ Travel and transportation of persons_____ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment___________________________

1,171 61 163 42 38 13 9 16

1,386 68 196 46 62 11 11 7

1,456 69 256 49 43 13 11 7

Total obligations________ ___________

1,513

1,787

1,904

88 17 105 129 8.7 $7,572

104 22 125 130 8.6 $7,550

104 22 126 130 8.6 $7,671

12 21 23 24 25 26 31

Personnel Summary

1. Mediation.— The Board mediates labor disputes and determines collective-bargaining representatives for the 700 carriers and 1.25 million employees in the railroad and airline industries.

Pending, start of year________________ ___ 223 Received during year_________________ ___ 341 Closed during year______ ____________ ___ 307 Pending, end of year...______ ________ ___ 257

BOARDS

-1 7

1 S elected resources as o f June 30 are as fo llo w s : U n p a id u n d elivered orders, 1960, $15 th ou sa n d ; 1961, $14 th o u s a n d ; 1962, $12 th o u s a n d ; 1963, $12 thousand*

M E D IA T IO N

OF

61al es1tim 96a2te es1tim 96a3te aI960 ctual a1c9tu

1963 estim a te

Program by activities: 1. Mediation__________________________ 2. Voluntary arbitration and emergency dis­ putes_____________________________ 3. Adjustment of railroad grievances_______

Financing: Unobligated balance lapsing____________

NUM BER

1963 estim ate

Total number of permanent positions_________ Full-time equivalent of other positions_______ Average number of all employees__________ Number of employees at end of year_________ Average GS grade_________________ _____ - Average GS salary________ ______ _________

NATIONAL SCIENCE FOUNDATION Current authorizations: S a l a r ie s

and

E xpen ses

For expenses necessary to carry out the purposes of the National Science Foundation Act of 1950, as amended (42 U.S.C. 1861-1875), including award of graduate fellowships; services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); purchase of two passenger motor vehicles (including one medium sedan for replace­ ment only at not to exceed $3,000) ; hire of passenger motor vehicles;

and reimbursement of the General Services Administration for security guard services; [$263,250,000] $368,000,000, to remain available until expended: Provided, That of the foregoing amount not less than $37,600,000 shall be available for tuition, grants, and allowances in connection with a program of supplementary training for secondary school science and mathematics teachers: Provided

1963

NATIONAL SCIENCE FOUNDATION— Continued Current authorizations— Continued Sa l a r ie s

and

E xpen ses

—Continued

further, That not to exceed [$1,800,0001 $1,000,000 of the foregoing

appropriation may be used to purchase foreign currencies which accrue under title I of the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1704), for the purposes authorized by section 104(k) of that Act. (Independent Offices Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

dition, the deep crustal studies of the earth, and a weather modification program; (4) collecting, translating, and dis­ seminating information on the results of scientific research, and developing improved methods for the exchange of scientific data. 2. Support oj scientific manpower.— The Foundation awards fellowships to graduate science students, college science faculty fellowships, fellowships for foreign senior scientists, summer fellowships for high school science and mathematics teachers, and supports summer study pro­ grams for graduate teaching assistants. F E L L O W S H IP S F O R A D V A N C E D S T U D Y IN S C IE N C E A N D M A T H E M A T IC S

1961actual 1962estimate 1963estimate Number of fellows__________ ____ _____

Program by activities: 1. Support of science: (a) Grants and contracts— ____ _____ (b) Program development, operation, and evaluation_______________ 2. Support of scientific manpower: (a) Grants and contracts____________ (b) Program development, operation, and evaluation________________ 3. Executive direction and management__ Total obligations_____ _________

102,962

166,472

240,300

2,531

3,427

4,263

64,461

85,458

107,800

2,363 2,679

2,700 3,645

3,750 4,637

174,996

261,702

360,750

Financing: -8 -1,422 " '- 2 7 5 0

Unobligated balance carried forward_______

-1 -562 -5 5 1,422

New obligational authority__ _________

175,800

263,022

358,000

175,800

263,250

358,000

Comparative transfers from other accounts. __ Unobligated balance brought forward_______

2,750

New obligational authority: Transferred to “Operating expenses. Public Buildings Service,” General Services Ad-228 Appropriation adjusted_______________

175,800

263,022

3,824

4,439

Summer, inservice, and academic-year institutes for the training of elementary, secondary school, and college teachers of science and mathematics are supported. IN S T IT U T E S F O R S C IE N C E

AND

M A T H E M A T IC S T E A C H E R S

1961actual 1962estimate 1963estimate Number of participants supported at insti­ tutes_____________________________ 35,936

40,504

Object Classification (in thousands of dollars) 358,000

The Foundation supports basic research, national re­ N A T IO N A L S C IE N C E F O U N D A T IO N search programs, basic research facilities, national research centers, education in the sciences, and the interchange of 11 Personnel compensation: Permanent positions____ ____________ foreign and domestic scientific information. It is also Positions other than permanent________ responsible for developing and encouraging the pursuit Other personnel compensation________ of a national policy for the promotion of basic research Total personnel compensation_______ and education in the sciences, and for recommending to 12 Personnel benefits_____________________ the President policies for strengthening the Nation’s 21 Travel and transportation of persons_____ scientific effort. The increased appropriation will provide 22 Transportation of things__ _____________ additional support for basic scientific research, national 23 Rents, communications, and utility servicesresearch programs, national research centers, and for 24 Printing and reproduction____ ________ major expansion in programs relating to the support of Services of other agencies_____________ scientific manpower. 26 Supplies and materials_________________ 1. Support oj science.— The Foundation provides sup­ port for basic research projects principally in institutions 41 Grants, subsidies, and contributions______ of higher learning. Total, National Science Foundation____ G R A N TS FO R SU PP O R T OF R E SE A R C H PROJECTS

1961actual 1962estimate 1963estimate 2,047

2,450

3,200

It also supports (1) basic research facilities at educa­ tional and other nonprofit institutions in such fields as astronomy, oceanography, electronic computation, and the biological sciences; (2) national research centers for the atmospheric sciences, astronomy and radio astronomy; (3) national research programs including the Antarctic research program, the International Indian Ocean Expe­

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41,589

The Foundation also supports (a) projects directed toward the improvement of elementary, secondary school, and college science and mathematics course content; (b) a program of matching grants for the improvement of scientific instructional equipment for undergraduate edu­ cation; (c) supplementary programs to stimulate interest in and secure improvement of teaching and training in the sciences at secondary school and college levels; (d) maintenance of a national register of scientific and technical personnel; and (e) studies relating to supply, demand, and utilization of scientific manpower.

1961 a c tu a l

Number of grants awarded_____________

4,872

A L L O C A T IO N

1962 estim a te

4,414 302 129

5,673 456 110

6,413 623 152

4,845 328 458 18 182 209 13,900 299 75 102 154,455

6,239 413 659 35 266 209 16,440 330 89 173 236,752

7,188 453 963 50 454 295 25,036 400 109 202 325,600

174,871

261,605

360,750

41 26 1

41 26 1

68 5 35 11

68 5 35 11

64

64

ACCOUNTS

11 Personnel compensation: Positions other than permanent________ Other personnel compensation_________ Total personnel compensation_______ 21 Travel and transportation of persons_____ Services of other agencies_____________

1963 es tim a te

1963

Intragovemmental funds:

Object Classification (in thousands of dollars)—Continued 1962 e stim a te

1961 a c tu a l

1963 e stim a te

A dvances and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) A L L O C A T I O N A C C O U N T S — C o n tin u e d 1961 a c tu a l

13

18

196

201

71

104

Total allocation accounts______ ______

125

97

Total obligations ............ ............. ........

174,996

261,702

360,750

174,871 13 112

261,605 18 79

360,750

174,996

261,702

360,750

Program by activities: Grants and contracts (total obligation)____

Deduct portion of obligations previously

Obligations are distributed as follows: National Science Foundation...... ..................

S C IE N C E

130 18 112

Object Classification (in thousands of dollars) 25 Other services____________ ___________ 41 Grants, subsidies, and contributions______

95 35

Total obligations____________________

130

F O U N D A T IO N

Total number of permanent positions_______ Full-time equivalent of other positions______ Average number of all employees___________ Number of employees at end of year________ Average GS grade_______________________ Average GS salary_______________________ Average salary of ungraded positions________ A L L O C A T IO N

615 52 555 838 8.1 $7,064 $14,502

761 67 699 950 8.3 $7,213 $14,439

847 91 785 1,050 8.4 $7,285 $14,782

Total number of permanent positions_______ Full-time equivalent of other positions______ Average number of all employees___________ Number of employees at end of year________ Average GS grade_______________________ Average GS salary. . --------------------------------

15 7 15 20 8.5 $7,290

[OUTDOOR RECREATION RESOURCES REVIEW COMMISSION] Current authorizations: [ S a l a r ie s

an d

E xpen ses]

[F o r expenses necessary to com plete carrying out the provisions of the A ct of June 28, 1958, as amended (72 Stat. 238; 73 Stat. 14), including services as authorized by section 15 o f the A ct o f August 2, 1946 (5 U.S.C. 55a), $550,000, to remain available until ex­ p en d ed .] (Department of Interior and Related Agencies Appropria­ tion Act, 1962; 75 Stat. 19.)

ACCOUNTS

15 7 15 20 8.5 $7,319

Program and Financing (in thousands of dollars) 1961

actual I n t e r n a t io n a l

G e o p h y s ic a l

Y eah

Program and Financing (in thousands of dollars) 1961

actual Financing: Unobligated balance brought forward_______

-4 0 40

1962

estimate

1963

Program by activities: Inventory and evaluation of nationwide recreation resources (total program costs).. Change in selected resources1. . . __________

-4 0

Financing: Unobligated balance brought forward______ Advances and reimbursements from other accounts_____________________________ Unobligated balance carried forward_______ New obligational authority (appropriation)

This account is closing out in 1962.

R e c e iv e d F r o m

O th e r A ccounts

N ote.— O b lig a tion s in cu rre d under a llo ca tio n s fro m o th e r a c c o u n ts are in clu d ed in th e sch edu les o f th e paren t a p p ro p r ia tio n as fo llo w s : “ A g e n c y fo r In tern a tio n a l D e v e lo p m e n t ," fu n d s a p p ro p ria te d t o th e P residen t. “ S p ecial fo re ig n cu rre n cy p rogra m s, tra n sla tio n o f p u b lica tio n s an d scien tific co o p e r a t io n ,” fu n d s a p p ro p ria te d t o th e P residen t.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962

estimate

1,085 -9 3

818 -200

992

618

-104

-6 8

1963

estimate

56 -5 6

estimate

40

A l l o c a t io n s

1963 estim a te

130

Personnel Summary N A T IO N A L

Financing: Unobligated balance brought forward______ Advances and reimbursements from other accounts_________________ _ ________

1962 estim a te

-6 68 950

550

1 Selected resources as o f Ju n e 30 are as fo llo w s : U n p a id u n d eliv ered ord ers, I960* $349 th o u s a n d ; 1961, $256 th o u s a n d ; 1962, $56 th o u s a n d ; 1963, $0.

The Commission was created by the Outdoor Recreation Resources Review Act of June 28, 1958, to conduct a nationwide inventory and evaluation of outdoor recreation resources and opportunities. The Commission’s final re­ port will be submitted to the President and the Congress

1963

[OUTDOOR RECREATION RESOURCES REVIEW COMMISSION]— Continued

to make benefit payments for unemployed railroad workers under the Temporary Extended Railroad Unem­ ployment Insurance Benefits Act of 1961.

Current authorizations— Continued [ S a l a r ie s

and

E xpen ses]

— Continued

Proposed for separate transm ittal:

by January 31, 1962, and the Commission will cease to exist by September 1, 1962.

11 Personnel compensation: Permanent positions_________ Positions other than permanent. Other personnel compensation.. 12 21 22 23 24 25 26

Total personnel compensation__ Personnel benefits...____ _________ Travel and transportation of persons. Transportation of things___________ Rent, communications, and utilities. . Printing and reproduction_________ Other services____________________ Services of other agencies________ Supplies and materials____________

1962 estim a te

340 32 16

359

388 26 43

386 25 30 1

17

12

56 3

992

618

49 4 43 47 9.7 $8,394

48 1 43 19 9.4 $8,227

RAILROAD RETIREMENT BOARD Current authorizations: [P aym ent

to

R a il r o a d

U nem ploym ent

S e r v ic e

C r e d it s

I n surance

1961

actual

1962

estimate

1963

estimate

Program by activities: Payment to “ Railroad retirement account” (total obligations)_____________________

16,000

Financing: New obligational authority (proposed supple­ mental appropriation)___________________

16,000

Under proposed legislation, 1963.— Railroad workers entering military service are given wage credits to build up rights to benefits under the Railroad Retirement system. Under existing law the Government is obligated to pay to the Railroad Retirement account the combined employer-employee payroll tax for these wage credits. Legislation will be proposed to change the method of calculating amounts due for creditable military service under the Railroad Retirement Act after 1961 and also to eliminate duplicating payments to both the Social Security system and the Railroad Retirement system for the same military service. After enactment an estimated supple­ mental of $16,000 thousand will be submitted to pay the first of seven yearly installments on the existing debt owed to the Railroad Retirement account for creditable military service for the period through December 31, 1958. Sub­ sequent studies by the Railroad Retirement Board will determine the amounts due for military service after 1958, and these amounts will be included in future year ap­ propriations.

10

95

Personnel Summary Total number of permanent positions.. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year.. Average GS grade_________________ Average GS salary________________

M il it a r y

1963 estim a te

10

10 9 219 294 3

Total obligations.

fo r

Program and Financing (in thousands of dollars)

Object Classification (in thousands of dollars) 1961 a c tu a l

P aym ent

A ccount] L im it a t io n

[F o r an additional am ount for paym ent to the Railroad Unem­ ploym ent Insurance Account, as a repayable advance, as authorized b y section 4 of the Tem porary Extended Railroad Unemploym ent Insurance Benefits A ct of 1961, $10,000,000, to remain available until September 30, 1962: Provided, That this am ount shall be repaid to the general fund of the Treasury from the Railroad Unem ploym ent Insurance A ccount, whether or n ot the total derived from the tem porary increase in the contribution rate under section 5 of such A ct is sufficient for this pu rpose.] (Supplemental Appropriation Act, 1962.)

on

S a l a r ie s

and

E xpen ses

(Trust fund) F or expenses necessary for the Railroad Retirem ent Board> [$9 ,7 4 0 ,0 0 0 ] $9,640,000, to be derived from the railroad retirement account. (45 U.S.C. 228a-r; Department of Labor, and Health, Education, and Welfare Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program and Financing (in thousands of dollars) 1961

actual Program by activities: Payment to “Railroad unemployment insur­ ance account” (total program costs— obligations) (object class 41)___________

13,000

Financing: Unobligated balance brought forward_______

1962

estimate

1963

estimate

414 7,179 1,090 60 212 785

383 7,059 1,128 60 217 793

Total program costs_________________ Change in selected resources 1_____________

9,569 3

9,740

9,640

Total obligations____________________

9,572

9,740

9,640

Financing: Unobligated balance lapsing_______________

213

Limitation__________________________

9,785

9,740

9,640

-7,000 20,000

10,000

The amount of $20 million was appropriated in 1961 and $10 million in 1962 for payment to the Railroad unemployment insurance account as repayable advances,

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

497 7,024 1,042 59 207 740

17,000

7,000 New obligational authority (appropriation)

Program by activities: 1. Maintenance of earnings accounts_______ 2. Processing claims_____________________ 3. Maintenance of beneficiary rolls_________ 4. Hearings and appeals__________________ 5. Actuarial services_____________________ 6. Administration_______________________

1 S elected resources as o f Jun e 30 are as fo llo w s : U n p a id u n d e liv e r e d o rd e rs , 1960, $16 th o u sa n d ; 1961, $19 t h o u s a n d ; 1962, $19 th o u s a n d : 1963, $19 th ou sa n d .

1963

The Board administers the railroad retirement system, financed by employer and employee taxes. This system provides annuities for age and disability and benefits for survivors. Funds for the administrative expenses of the Board in the operation of this program are derived from the Railroad retirement account. 1. Maintenance of earnings accounts.— Eligibility for and the amount of benefits are based on individual accounts of compensation. This workload fluctuates with the level of employment in the railroad industry, rates of turnover, and similar factors. Accounts posted were 1,180 thousand in 1961 and are estimated at 1,100 thousand in 1962 and 1,050 thousand in 1963. The costs are shared on a measured basis with the railroad unemployment insurance program. 2. Processing claims.— Applications for annuities and benefits are adjudicated and certified for initial payment. Claims processed were 182 thousand in 1961 and are esti­ mated at 183 thousand and 185 thousand in 1962 and 1963. 3. Maintenance of beneficiary rolls.— Benefit payments must be authorized each month for those persons on the rolls who continue to remain eligible. The number of monthly benefit payments will increase from 9,658 thou­ sand in 1961 to an estimated 10,245 thousand and 10,800 thousand in 1962 and 1963. The number of persons on the rolls receiving monthly benefit payments will increase from 825 thousand at the end of 1961 to an estimated 865 thousand and 910 thousand in 1962 and 1963. 4. Hearings and appeals.— Individuals whose claims for annuities or benefits are disallowed or who dispute the award have the right of appeal. Appeals dispositions were 264 in 1961 and are estimated at 240 in 1962 and 1963. 5. Actuarial services.—Actuarial studies and estimates are required by the Railroad Retirement Act to determine the adequacy of the tax rate to establish and maintain a sufficient reserve to meet all future payments. 6. Administration.— The cost of administration is shared between the retirement and the railroad unemployment insurance programs on a measured basis. Object Classification (in thousands of dollars) 1961 a ctu al

1962 estim a te

1963 estim a te

11 Personnel compensation: Permanent positions______________ Positions other than permanent____ Other personnel compensation...... ..........

6,920 90 156

6,993 54 125

6,923 36 97

Total personnel compensation_______ Personnel benefits____________________ Travel and transportation of persons_____ Transportation of things ....................... Rent, communications, and utilities______ Printing and reproduction____________ Other services............. ........................... Services of other agencies.. ................ 26 Supplies and materials .............................. 31 Equipment—.............................................

7,166 531 206 19 1,149 91 162 122 103 23

7,172 536 250 19 1,277 86 153 130 94 23

7,056 522 240 19 1,301 88 158 139 94 23

Total obligations_____________ _____

9,572

9,740

9,640

1,263 25 1,168 1,163 6.6 $5,985

1,193 13 1,153 1,150 6.7 $6,130

1,185 10 1,130 1,128 6.7 $6,198

12 21 22 23 24 25

Personnel Summary

RENEGOTIATION BOARD Current authorizations: Sa l a r ie s

an d

For necessary expenses of the Renegotation Board, including hire of passenger m otor veh ices[, not to exceed $45,000 for expenses of tra v el] and services as authorized b y section 15 o f the A ct o f August 2, 1946 (5 U.S.C. 55a), [$2 ,9 0 0 ,0 0 0 ] $2,500,000. (Act of March 23, 1951, Public Law 82—9, as amended; Independent Offices Appropria­ tion Act, 1962.) Program and Financing (in thousands of dollars) 1961 a ctu a l

Program by activities: 1. Executive direction___________________ 2. Staff operations______________________ 3. Renegotiation operations (field)____ ____

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estim a te

1963 estim a te

532 770 1,635

548 754 1,589

543 762 1,195

Total program costs_________________

2,937 -1 2

2,891

2,500

Total obligations____________________

2,925

2,891

2,500

3,015

2,891

2,500

3,015

2,900

2,500

Financing: 90 New obligational authority........ .......... . New obligational authority: Transferred to “Operating expenses, Public Buildings Service,” General Services Ad-9 Appropriation (adjusted)_____ ________

3,015

2,891

2,500

1 Selected resou rces as o f Jun e 30 are as fo llo w s : U n p a id u n d elivered ord ers. 1960, $20 th o u s a n d ; 1961, $8 th o u s a n d ; 1962, $8 th o u s a n d ; 1963, $8 th ou sa n d .

The Board conducts renegotiation with contractors to eliminate excessive profits in connection with procurement under the national defense program. All contractors and subcontractors who have business subject to the act, which presently extends through June 30, 1962, are required to file with the Board if such business exceeds $1 million in a year. The Board has determined or recovered $853.7 million in excessive profits from the date of its establishment through June 30, 1961. Of this total, $17.2 million was determined during 1961. 1. Executive direction.— The Board is responsible for final action in all cases. This includes screening all filings involving renegotiate business over $1 million and requests for exemption. 2. Staff operations.— The headquarters staff furnishes technical advice and assistance to the Board and regional organization. 3. Renegotiation operations (Held).-—The two regional boards conduct renegotiation proceedings and make determinations and recommendations. They are author­ ized to conclude cases involving $800 thousand or less of renegotiable profits; however, their determinations in such cases may be appealed to the statutory Board. All determinations in cases involving more than $800 thou­ sand renegotiable profits are subject to approval by the statutory board. W ORKLOAD

Total number of permanent positions------------Full-time equivalent of other positions............ Average number of all employees-----------------Number of employees at end of year-------------Average GS grade_________________________ Average GS salary___ ____ _______________

E xpen ses

DATA

61al es1tim 96a2te es1tim 96a3te a1c9tu60al a1c9tu

Totalfilings___________ . . . __________ 17,419 13,061 Cases assigned for renegotiation: Assigned..................... ............... ........ 1,103 926 Completed_________________ ______ 1,350 1,299 End-of-year backlog________________ 1,112 739

14,900

16,000

350 650 439

600 600 439

1963

RENEGOTIATION BOARD— Continued

Program and Financing (in thousands of dollars)—Continued

Current authorizations— Continued S a l a r ie s a n d

1961 a ctu a l

—Continued

E xpen ses

1962 estim a te

1963 estim ate

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________

2,579 2 19

2,499 18 8

2,153 18 23

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____

2,600 182 21

2,194 154 50

Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment... __________ _____________ Grants, subsidies, and contributions______

73 8 12 17 12 1

2,525 178 45 20 75 8 15 16 8 1

Total obligations____________________

2,925

2,891

2,500

12 21 V 23 24 25 26 31 41

60 7 12 14 8 1

Personnel Summary Total number of permanent positions.. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year.. Average GS grade_________________ Average GS salary________________

285 1 278 271 9.4 $9,139

1963 estim a te

Program by activities—Continued

Object Classification (in thousands of dollars) 1961 actu a l

1962 estim a te

279 2 266 235 9.5 $9,294

235 2 229 235 9.5 $9,272

34

27

-142

3,485

3,702

4,108

115 450 1,058 77 51 291

1,698 468 217 171 119

5 650 24 155 5

Total obligations, operating costs and inCapital outlay: 6. Land, land rights, and relocations_____ 7. Locks____________________________ 8. Channels and canals_________________ 9. Roads and bridges_______ ___ _______ 10. Navigation aids and related facilities___ 11. Permanent buildings and equipment___ 12. Engineering, design, supervision, and other_____________ ___ __

56

Change in selected resources 1_____ _______

2,098 -280

2,672 876

839 -778

Total obligations, capital outlay_______

1,818

3,548

61

Total obligations...__ ______________

5,303

7.250

4,169

3,900

4,500

17,352

14,003

-14,003

-14,334

7,250

4,169

Financing: Revenues and other receipts: Revenue_____ 3,174 Unobligated balance brought forward (author­ ization to expend from public debt receipts). 19,488 Unobligated balance lapsing (repayment of borrowings from U.S. Treasury, no longer available)_____________ _______ _ _ -8 Unobligated balance carried forward (author­ ization to expend from public debt re­ ceipts) _____________ _ _____ ______ -17,352 Financing applied to program________

5,303

B alan ces o f s e le cte d resou rces are id e n tifie d o n th e sta te m e n t o f fin a n cial c o n ­ d ition .

SAINT LAWRENCE SEAWAY DEVELOPMENT CORPORATION

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

Public enterprise funds:

The Saint Lawrence Seaway Development Corporation is hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to such Corporation, and in accord with law, and to make such contracts and commitments without re­ gard to fiscal year limitations as provided by section 104 of the Gov­ ernment Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the budget for the current fiscal year for such Corporation, except as hereinafter provided: ( General Government Matters, Department o f Commerce, and Related A gencies Appropriation Act, 1962.)

S a in t

Law rence

Seaw ay

D evelopm ent

C o r p o r a t io n

1961 a ctu a l

Obligations (from program and financing)____ Increase (—) or decrease in gross unpaid obli­ gations __________________ ____________

Revenues and other receipts (from program and financing)_________ ___________________ Increase (—) or decrease in accounts receiv­ able, net____ ___________ ______________

Budget expenditures_________________

Program by activities: Operating costs and interest, funded: 1. Lock operations_____________________ 2. Maintenance of plant and equipment__ 3. Other operation and maintenance ex­ penses_____ ____ ________________ 4. Administrative expenses (limitation)-----

1962 e stim a te

5,303

7,250

4,169

302

-1,014

781

5,605

6,236

4.950

3,174

3,900

4,500

-4 7

536

50

3,127

4,436

4,550

2,477

1,800

400

1963 e stim a te

416 380

418 416

430 425

108 332

166 425

170 425

Subtotal (operating expenses)_______ 5. Interest on borrowings_______________

1,236 2,215

1,425 2,250

1,450 2,800

Total operating costs and interest, funded________________________

3,451

3,675

4,250

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963 es tim a te

F und

Program and Financing (in thousands of dollars) 1961 a c tu a l

1962 estim a te

The Saint Lawrence Seaway Development Corporation, a wholly Government-owned enterprise, is responsible for the construction, operation, and maintenance of that part of the Saint Lawrence Seaway within the territorial limits of the United States (33 U.S.C. 981). A 27-foot naviga­ tional channel from Lake Erie to Montreal was officially opened for the 1959 navigational season. The Seaway has been constructed and is being operated and main­ tained jointly by the Saint Lawrence Seaway Develop­ ment Corporation and the Saint Lawrence Seaway Authority of Canada, in conjunction with the related

1963

power development works provided by the Power Au­ thority of the State of New York and the Hydro-Electric Power Commission of Ontario. Operating costs and interest.—-The Seaway has been operating on a toll basis since the 1959 shipping season. These costs consist of interest, administrative expenses, operations of locks and canals, control of traffic, and the related maintenance of the plant, navigation aids and other equipment. The estimates for administrative expenses for 1963 are $425 thousand, the same as 1962. Capital outlay.— The Corporation's construction pro­ gram consists of a 10-mile canal, two locks, and navigation channels in the 46-mile International Rapids section of the St. Lawrence River between Ogdensburg and Massena, and certain channel and related navigation works in the 68-mile Thousand Islands section between Lake Ontario and Ogdensburg. The total construction cost of the U.S. share of the Seaway, excluding interest during construction, is esti­ mated at $123.8 million. Work in place at the end of 1962 is estimated at $122.9 million, and the 1963 program to complete the project is estimated at $839 thousand, consisting principally of construction of a new training dike or extension of existing dike, removal of shoals, installation of additional navigation aids, cellular exten­ sion of the downstream approaches to Snell lock, and other minor improvements. Financing.— The Corporation is authorized to borrow $140 million from the Treasury to finance the costs of the Seaway and to provide for working capital and claims. Borrowings through 1962 are estimated at $122.3 million, and an additional $1.8 million is required for 1963. Capitalized interest amounting to $6.7 million has not been charged against the borrowing authority. During 1961, an $8 thousand repayment on borrowings was returned to the Treasury as a result of the Cornwall International Bridge Co.’s revenues being in excess of interest and operating expenses. Operating results.— The estimated operating revenues for 1963 are $4.5 million and the expenses are $1.5 million, including provision for a reserve for replacements. The net operating income will be used to pay interest to the U.S. Treasury. Payment of part of the interest accrued will be deferred until revenues are sufficient, and it is expected that all such interest deferred will be paid before the end of the 10-year developmental period. The toll rates have been established at a level which will repay all the costs of the investment in the Seaway, including interest and operating expenses, within the 50year statutory payout period, and any deficit incurred during the developmental period without requiring addi­ tional borrowing authority. Although no depreciation is recorded for assets having useful lives in excess of 50 years, the cost of these assets will be recovered through amortization of the debt. A replacement reserve is provided for those assets with shorter lives.

Revenue, Expense, and Retained Earnings (in thousands of dollars)—Continued 1961 a c tu a l

1962 estim a te

1963 estim a te

Expense—Continued Provision for replacement________________

151

75

75

Total expense______________________

1,387

1,500

1,525

1,787

2,400

2,975

Net operating income________________ Analysis of deficit: Deficit ( —) start of year_________________ Non-operating charges: Interest: Currently funded___________________ Deferred___________________________ Redemption of debt___________________

-2,132

-4,697

-6,74 7

-2,215 -2,129 -8

-2,250 -2,200

-2,800 -1,800

Deficit (—) end of year______________

-4,697

-6,747

-8,372

Financial Condition (in thousands of dollars) 1960 a c tu a l

1961 a c tu a l

1962 estim a te

1963 estim a te

232 574 165 85 124,891

147 674 112 118 126,989

147 125 125 120 129,661

147 75 125 100 130,500

Total assets_____ _______ ____

125,947

128,039

130,178

130,947

Liabilities and reserves: Current liabilities_________________

2,904

2,881 151

2,994 226

3,113 301

Total liabilities and reserves........

2,904

3,032

3,220

3,414

Borrowings from Treasury, net...

112,500 5,655

118,155 2,392

120,547 1,800

122,347 400

End of year_________________

118,155' 120,547

122,347

122,747

Assets: Treasury balance_________________ Accrued tolls receivable, unbilled____ Selected assets: Supplies 1__________

Government equity: Interest-bearing capital: Revenue bonds:

Deferred interest: 6,724 100

6,824 2,129

8,953 2,200

11,153 1,800

6,824

8,953

11,153

12,953

124,979

129,500

133,500

135,700

45 8

53

53

45 Repayment of capitalized interest. .

45 151

53 151

53 151

53 151

Total investment redeemed_____

196

204

204

204

-2,132

-4,697

-6,747

-8,372

123,043

125,007

126,957

127,532

Deferred during year, net______

Total interest-bearing capital.. Non-interest-bearing capital: Revenue bonds redeemed:

Revenue, Expense, and Retained Earnings (in thousands of dollars) Analysis of Government Equity (in thousands of dollars) 1961 a c tu a l

1962 estim a te

1963 e stim a te

Revenue: Other_________________________________

3,051 123

3,800 100

4,400 100

Total revenue______________________

3,174

3,900

4,500

Expense: Operation and maintenance_______ _______ Administrative expense___________________

904 332

1,000 425

1,025 425

Subtotal........ .................... - ...................

1,236

1,425

1,450

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

379 19,488 124,976

99 17,352 -151 127,106

1,000 14,003 -226 129,781

100 14,334 -301 130,600

144,843 144,407 144,557 144,732 -21,800 -19,400 -17,600 -17,200 123,043

125,007

126,957

127,532

l T h e ch an g es in these ite m s are re fle cte d on th e p rog ram an d fina ncing sch ed u le

1963

SAINT LAWRENCE SEAWAY DEVELOPMENT CORPORATION— Continued

SECURITIES AND EXCHANGE COMMISSION Current authorizations:

Public enterprise funds— Continued L im it a t io n

S a l a r ie s

A d m in is t r a t iv e E x p e n s e s , S a in t L a w r e n c e S e a w a y D e v e l o p m e n t C o r p o r a t io n

on

Not to exceed $425,000 shall be available for administrative expenses which shall be computed on an accrual basis, including not to exceed $2,000 for official entertainment expenses to be ex­ pended upon the approval or authority of the Administrator, pur­ chase of one passenger motor vehicle for replacement only, uniforms or allowances therefor fo r operation and maintenance personnel, as authorized by law (5 U.S.C. 2181), and services as authorized by

1961 actual

1962 estimate

1963 estimate

Program by activities: Administration (total accrued

expenses—

332

425

425

425

425

Financing: 82 414 Object Classification (in thousands of dollars) 11

(15 U.S.C. 77a-77hbbb, 78a-78jj, 79-79z-6, 80al-80a52, 80 b l-8 0 b 2 1 ; 11 U.S.C. 501-6 76; 5 U.S.C. 1001-1011; 60 Stat. 810; P .L . 87 -1 9 6 ; Independent Offices Appropriation Act, 1962; Supplemental A ppro­ priation Act, 1962.) Program and Financing (in thousands of dollars) 1961

81

1,075 2 21

1,081 5 41

17

12

12

1,122

1,110

1,139

Program by activities: 1. Full disclosure provisions_______________ 2. Prevention and suppression of fraud_____ 3. Supervision and regulation of securities markets_____________ ____________ 4. Regulation of investment and public utility holding companies_____________ 5. Corporate reorganizations__ ___________ 6. Operational and business statistics—. ___ 7. Executive and staff functions____ ______ 8. Administrative services________ _______ 9. Special study and investigation of national securities exchanges and national se-

855

800

825

267 19 17

310 22 35 5 15 10 5 12 10 1

314 22 35 5 15 10 5 12 6 1

425

425

Total obligations______________ _

_

10

3 2 12

2 332 Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

171 1 160 159 9.0 $7,960

169 1 161 166 8.9 $7,850

166 1 160 164 8.8 $7,859

estimate

1963

estimate

$2,466 3,742

$3,169 4,316

$3,742 5,012

252

267

270

619 341 241 1,032 789

669 371 245 1,110 838

805 373 264 1,149 848

386

337

9,482 26

11,371

12,800

9,508

11,371

12,800

9,518

11,371

12,800

9,518

11,412

12,800

Financing: 9

Add excess of annual leave earned over

Deduct portion not chargeable to limita-

1962

actual

Total program costs1_____________

Personnel compensation:

1,024

E xpen ses

For necessary expenses, including uniforms or allowances therefor, as authorized by law (5 U.S.C. 2131), and services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a) at rates for individuals not to exceed $100 per diem, [$11,000,000] $12,800,000. [For an additional amount for “ Salaries and expenses” , $412,500.]

section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates for individuals not to exceed $100 per day: Provided, That not to exceed $5,000 may be expended for services of individuals employed at rates in excess of $50 per day. (General Government Matters, Department of Commerce, and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars)

and

New obligational authority____________

New obligational authority: Transferred to “ Operating expenses, Public Buildings Service” General Services Ad-41 Appropriation (adjusted)________

9,518

11,371

12,800

1 In clu d e s c a p ita l o u tla y as fo llo w s : 1961, $63 th o u s a n d ; 1962, $80 th o u s a n d ; 1963, $77 th o u sa n d . 3 S e le cte d resou rces as o f J u n e 30 are as fo llo w s :

1960 1961 1962 1963

S to r e s _________________________________________________ U n p a id u n d e liv e re d o r d e r s ._______________________

6 35

8 59

8 59

8 59

T o ta l se le cte d r e s o u r c e s __________________ _

41

67

67

67

The primary purpose of the Commission is to protect the interests of the investing public. 1. Full disclosure 'provisions.— Issuers of securities for public sale are required to file a registration statement and related prospectus containing significant information about the issuer and the offering with the Commission. This is to insure that investors will be provided with the material facts concerning security offerings.

1963

SELECTED

W ORKLOAD

DATA

I960 61al es1tim 96a2te es1tim 963ate ac tual a1c9tu Registration statements examined______ Preliminary proxy statements examined _ Administrative proceedings closed______ Periodic reports examined_____________ Regulation A filings examined__________

1,5451,650 2,100 2,2052,233 2,350 128 112 128 52,556 57,543 62,132 853 1,111 1,239

2,400 2,460 170 69,350 1,300

2. Prevention and suppression of fraud.—-Suspected fraud, deceit, and manipulation in the sale and trading of securities is prevented or minimized by prompt investiga­ tion. For 1963, the broker-dealer inspection cycle is esti­ mated at 3 years. Inspections of investment advisers is estimated on a 10-year cycle. SELECTED

W ORKLOAD

DATA

60al a1c9tu 61al es1tim 96a2te es1tim 96a3te a1c9tu Investigations closed__________________ 536 Cases referred to the Department of Jus­ 53 tice for criminal prosecution_________ Administrative proceedings closed—to deny or revoke registrations of brokers and dealers and investment advisers___ 77 Broker-dealers registered______________ 5,288 Broker-dealer inspections______________ 1,499 Applications for broker-dealer registration processed_________________________ 1,103 Investment advisers registered_________ 1,867 Investment adviser inspections_________ ______ Applications for investment adviser regis­ tration processed...... ........................... 309

401

561

640

42

45

45

71 5,500 1,627

95 5,750 1,670

115 6,000 1,670

1,000 1,855 8

1,200 2,000 190

1,250 2,150 220

315

325

375

W ORKLOAD

Inspections of exchange operations and investigations of exchange practices.. Trading reports and field investigations reviewed regarding manipulative prac­ tices_____ . . . . ______ . . . ____ . . . . Plans for stabilizing securities offerings examined_______________________

Review of reorganization petitions filed in courts_________________________ . . . Notices of appearances in court regarding new proceedings___________________ Proceedings closed___________________

DATA

60al a1c9tu 61al es1tim 96a2te es1tim 96a3te a1c9tu 83

111

100

100

9 9

12 8

12 10

12 12

6. Operational and business statistics.— Statistical and other data are prepared to provide the Commission and the staff with information needed to administer the securi­ ties laws and to produce certain financial data as a part of the overall Government statistical and economic program. 9. Special study and investigation of national securities exchanges and national securities associations.—-Authorized by Public Law 87-196 (75 Stat. 465) dated Sept. 5, 1961.

1961 a ctu a l

20

24

28

30

77

111

125

130

871

1,012

1,060

1,100

W ORKLOAD

DATA

Applications examined for approval of financing transactions, asset acquisi­ tions, inter-company loans, dividends, and other related matters under the 1935 act______ . . . . _________ _____ 95 Examination of periodic reports________ 474 Number of registered investment compa­ nies_____________- ____ - __________ 570 Investment company inspections_______ 27 Registration of new investment compa­ nies..............................- .......... .......... 67 Filings reviewed under 1940 act________ 1,331

104 524

105 525

110 525

663 56

735 91

810 130

118 1,142

120 1,252

125 1,500

1962 estim a te

1963 estim a te

11 Personnel compensation: 7,914 33 59

9,486 51 40

10,719 41 40

8,006 552 317 8 232 39 159 106 63

9,577 653 430 10 277 44 190 110 80

10,800 739 482 10 361 45 162 124 77

9,482 26

11,371

12,800

9,508

11,371

12,800

1,095 7 1,030 1,087 8.9 $7,649

1,320 6 1,221 1,340 9.2 $7,805

1,475 10 1,365 1,500 9.3 $7,867

21 Travel and transportation of persons____ 22 Transportation of things_______________ 24 Printing and reproduction________ _____ 25 Other services_____________________ .

DATA

96a2te es1tim 96a3te aI960 ctual a1c9tu61al es1tim

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

W ORKLOAD

60al a1c9tu 61al es1tim 96a2te es1tim 96a3te a1c9tu

4. Regulation of investment and public utility holding companies.— Financing and other corporate matters of interstate public utility holding companies engaged in the electric utility business or in the retail distribution of gas are regulated. A total of 18 holding company systems comprising 164 separate companies with assets of $12.1 billion, are registered under the Public Utility Holding Company Act of 1935. Foreign and domestic investment companies are registered also and their activities super­ vised. The assets of these companies have increased from $2.5 billion in 1941 to $27 billion in 1961. In 1963, the investment company inspection program will be advanced to a 6-year cycle. SELECTED

SELECTED

Object Classification (in thousands of dollars)

3. Supervision and regulation oj securities markets.— National securities exchanges and over-the-counter mar­ kets are regulated in the interest of maintaining just and equitable principles of trade for the protection of the public investors. SELECTED

5. Corporate reorganizations.— Independent expert as­ sistance to the Federal courts is provided in proceedings under the Bankruptcy Act.

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____ ____ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary__________ ____ _____

Intragovemmental funds: A dvances and

R e im b u b s e m e n t s

Program and Financing (in thousands of dollars) 1961 a c tu a l

1962 estim a te

Program by activities: Miscellaneous services to other agencies (total obligations) (object class 11: Positions other thin permanent)_________________

6

Financing: Advances and reimbursements from other accounts_____________________________

6

Personnel Summary Number of employees at end of year_________

0

1963 estim a te

1963

SELECTIVE SERVICE SYSTEM Current authorizations: S a l a r ie s a n d E x p e n s e s

For expenses necessary for the operation and maintenance of the Selective Service System, as authorized by title I of the Universal Military Training and Service Act (62 Stat. 604), as amended, in­ cluding services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); purchase of seventeen passenger motor vehicles for replacement only, not to exceed $62,000 for the National Selective Service Appeal' Board; and [$19,000] $88,000 for the National Advisory Committee on the Selection of Physicians, Dentists, and Allied Specialists; [$33,670,000] $ 38,178,000: Provided, That during the current fiscal year, the President may exempt this appro­ priation from the provisions of subsection (c) of section 3679 of the Revised Status, as amended, whenever he deems such action to be necessary in the interest of national defense. [For an additional amountfor “ Salaries and expenses” , $3,415,000.] ( Independent Offices Appropriation Act, 1962, Public Law 87-141', First Supplemental Appropriation Act, 1962, Public Law 87-332.) Program and Financing (in thousands of dollars) 1961

actual Program by activities: 1. National administration, planning, train­ ing, and records management__ _____ 2. State administration, planning, training, and records servicing ___________ . . 3. Registration, classification, and induction.. 4. National advisory committee on the selec­ tion of doctors, dentists, and allied

1962

1963

estimate

estimate

1,734

1,780

1,811

6,266 24,469

6,394 28,520

6,626 29,626

5. National selective service appeal board___

12 53

19 65

38 62

Total program costs1____ _________ Change in selected resources 2 .... .............

32,534 40

36,778 169

38,163 10

32,574

36,947

38.173

1. National administration, planning, training, and records management.— The overall administration of the act including planning, training, and records management is accomplished by the national headquarters and six regional field offices. 2. State administration, planning, training, and records servicing.— Administration of the act within the several states is the responsibility of the 56 State headquarters operating under the policies determined by national headquarters. 3. Registration, classification, and induction.—These func­ tions affecting over 24 million registrants are accomplished by the over 42,000 uncompensated citizens assisted by about 6,000 clerks at over 4,000 boards. These citizens determine who shall be deferred and for how long in the national interest in agriculture, industry, or other pur­ suits. They also determine the availability for military service of members of the Standby Reserve. 4. Special boards— (a) National advisory committee on the selection of physicians, dentists, and allied specialists.— This Committee acts in an advisory capacity to the Selective Service System. It is separately administered, but funds are furnished by the Selective Service System from its appropriation. (b) National Selective Service Appeal Board.— This Board acts on the classification of registrants which have been appealed to the President. It is under separate administration but the Selective Service System provides funds for its operation. Object Classification (in thousands of dollars) 1961

Total obligations_____

.

-----------

Financing: Advances and reimbursements from nonFederal sources: (5 U.S.C. 61(b)) and (40 U.S.C. 481 (c)) ______ New obligational authority......................

actual

33,169

Total personnel compensation___ ___ 38,173

36,947

21 Travel and transportation of persons: Administrative travel-......... ................... Payment to interagency motor pool___

New obligational authority: 33,169

38,173

37,085

Transferred to "Operating expenses. Public Buildings Service,” General Services Ad..................

33,169

36,947

38,173

1 In clu d es c a p ita l o u tla y as fo llo w s : 1961, $902 th o u s a n d ; 1962, $101 th ou san d ; 1963, $156 th ou san d . * S e le cte d resou rces as o f Ju n e 30 are as fo llo w s :

I960 1961 1962 1963

S tores--------------------------------------U n p a id u n d elive re d o r d e r s . A d v a n c e s _____________________ T o ta l sele cte d reso u rce s..

185

1 186

224

'" 2 226

180 215

190 215

395

405

The primary purpose of the Selective Service System is effective manpower utilization through classification under the Universal Military Training and Service Act. The System is responsible for supplying men to keep the Armed Forces at their authorized strength and to the extent that their needs are not met by voluntary enlistment. It will be required to supply an estimated 200,000 men for this purpose in 1963 as compared to approximately 196,000 in 1962 and 61,000 in 1961.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

20,051 2,737 3,437 36

21,546 2,833 4,092 87

22,448 2,901 4,189 39

26,261 1,713

28,558 1,838

29,577 1,985

582 1,191 33 126

666 3,736 37 135

703 3,475 38 136

550 572 82 171 130 221 902

604 618 90 228 114 54 100

608 618 204 318 126 220 155

32,534 40

36,778 169

38,163 10

32,574

36,947

38,173

5,176 924 5,866

5,376 1,120 6,344

5,435 1,120 6,465

6,607 255 5.4 $5,440 $3,990

7,207 257 5.4 $5,527 $4,065

7,300 257 5.4 $5,602 $4,141

23 Rent, communications, and utilities:

-138 Appropriation (adjusted).

1963

estimate

11 Personnel compensation: Permanent positions: Military______________ ___________ Positions other than permanent________

-4 600

1962

estimate

Personnel Summary

Number of employees at end of year:

Average salary of ungraded positions_________

1963

of Government contracts for purchases of supplies and services and the sale and disposal of property be placed with small business enterprises, (2) to insure that a S a l a r ie s a n d E x p e n s e s fair proportion of Government contracts for research and For necessary expenses, not otherwise provided for, of the Small development be placed with small business concerns and Business Administration, including hire of passenger motor vehicles to assist small firms to obtain the benefits of research and and not to exceed $1,000 for official reception and representation development performed at Government expense, and (3) expenses, [$6,750,000] $6,000,000, and in addition there may be transferred to this appropriation not to exceed [$18,447,000] to provide technical and managerial aid to small business $27,500,000 from the revolving fund, Small Business Administra­ concerns by advising and counseling on matters in connec­ tion, [and not to exceed $397,000 from the fund for liquidation of tion with Government procurement, research and develop­ Reconstruction Finance Corporation loans, Small Business Admin­ istration,] for administrative expenses in connection with activities ment, property disposal, methods engineering, foreign financed under said [funds] fu n d : Provided, That the amount au­ trade, and new and improved products and processes. thorized for transfer from the revolving fund, Small Business Ad­ 2. Management assistance and research.— Assistance is ministration, may be increased, with the approval of [the Director provided to small business through (1) management of] the Bureau of the Budget, by such amount (not exceeding $500,000) as may be required to finance administrative expenses counseling, (2) developing and distributing management incurred in the making of disaster loans: Provided further, That 10 aids and bulletins, and (3) establishing administrative per centum of the amount authorized to be transferred from the management courses. Research studies of matters ma­ revolving fund, Small Business Administration, shall be apportioned terially affecting the competitive strength of small busi­ for use, pursuant to section 3679 of the Revised Statutes, as amended, only in such amounts and at such times as may be neces­ ness also are financed under this activity. 3. Investment and development company assistance and sary to carry out the business [loan program] and investment and development company lending programs. supervision.— In order to stimulate and supplement the [For an additional amount for “ Salaries and expenses” , flow of private capital to small business concerns this $363,500.] (72 Stat. 384, as amended; 72 Stat. 689, as amended; agency is authorized to (1) charter, regulate, and examine General Government Matters, Department of Commerce, and Related small business investment companies, (2) provide capital Agencies Appropriation Act, 1962; Supplemental Appropriation Act, 1962.) to these companies, (3) lend funds to such companies, and Program and Financing (in thousands of dollars) (4) lend funds to State and local development companies. In 1963 funds for administrative expenses of this activity 1961 1962 1963 e stim a te a c tu a l will be transferred from the revolving fund. estim a te 4. Financial assistance.— Small business concerns and Program by activities: victims of disasters are aided through loans, which are 1. Procurement and technical assistance____ 3,651 4,240 4,715 administered so as to assure return of the Government 2. Management assistance and research_____ 853 876 1,285 investment. In addition, financial counseling is provided 3. Investment and development company assistance and supervision____________ 1,269 1,934 2,700 to small firms requesting assistance. Funds for adminis­ 4. Financial assistance___________________ 14,745 18,847 22,050 trative expenses of this activity are transferred from the 3. Liquidation of Reconstruction Finance revolving fund. Financial statements covering these 580 397 programs and the investment and development company Total program costs___ _____________ 21,098 26,294 30,750 assistance program may be found under the revolving fund 70 section. SMALL BUSINESS ADMINISTRATION

Current authorizations:

Total obligations________ ____ ______

21,168

26,294

30,750

Object Classification (in thousands of dollars)

Financing: Advances and reimbursements from other accounts: Revolving fund, Small Business Adminis-

1961 a c tu a l

-14,794

-18,847 2—24,750

Fund for liquidation of Reconstruction Finance Corporation loans____________ Unobligated balance lapsing______________

-581 150

-397

New obligational authority____________

5,943

7,050

6,000

New obligational authority: 5,943

7,114

6,000

Transferred to “ Operating expenses, Public Buildings Service, General Services Admin5,943

7,050

12 21 22 23 24

Total personnel compensation_______ Personnel benefits___________ _________ Travel and transportation of persons_____ Transportation of things_______________ Rent, communications, and utilities_____ Printing and reproduction______________

Services of other agencies_____________ 26 Supplies and materials_________________

-6 4 Appropriation (adjusted)______________

11 Personnel compensation: Permanent positions................................ Positions other than permanent— ......... Other personnel compensation_________

6,000

1 S elected resou rces as o f Ju n e 30 are as fo llo w s :

61eai1960 ju1s9tm nls 1961 1962 1963

A d v a n c e s ____________________________ U n p a id , u n d eliv e re d pu rch a ses—

3 74

77

___ —5

15 127

15 127

15 127

T o ta l s ele cte d resou rces___ -5 142 142 142 2 D o e s n ot in clu d e $2,750 th o u s a n d c o n t in g e n c y a m o u n t n o t a n tic ip a te d t o be tra n sferred fro m th e re v o lv in g fu n d .

Total obligations____________________

1963 estim a te

16,595 243 262

20,550 200 252

23,846 150 180

17,100 1,212 1,055 31 584 150 412 80 198 276

21,002 1,636 1,514 45 768 252 375 133 254 315

24,176 1,864 1,919 50 1,026 284 587 138 291 415

21,098 70

26,294

30,750

21,168

26,294

30,750

2,783 49 2,342 2,620 8.2 $7,141

3,165 50 2,950 3,140 8.1 $7,066

3,643 30 3,459 3,590 8.1 $6,972

Personnel Summary

The Small Business Administration counsels, assists, Total number of permanent positions________ and protects the interest of small business. In addition, Full-time equivalent of other positions_____ it provides aid to business firms and homeowners who have Average number of all employees____________ Number of employees at end of year_________ suffered losses through disasters. 1. Procurement and technical assistance.— The objec­ Average GS salary________________________ tives of this activity are (1) to insure that a fair proportion

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962 estim a te

1963

SMALL BUSINESS ADMINISTRATION— Continued

Program and Financing (in thousands of dollars)—Continued 1961 a c tu a l

Public enterprise funds: R e v o l v in g

F und

For additional capital for the revolving fund authorized by the Small Business Act of 1953, as amended, to be available without fiscal year limitations, [$20,000,000] $300,000,000. (Authorizing legislation to be proposed for $100,000,000 o f the above-proposed appropriation for 1963.)

[For additional capital for the revolving fund authorized by the Small Business Act of 1953, as amended, to be available without fiscal year limitations, $160,000,000.] (72 Stat. 384, as amended; 72 Stat. 689, as amended; General Government Matters, Department of Commerce, and Related Agencies Appropriation Act, 1962; Supple­ mental Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 a c tu a l

Program by activities: Operating costs, funded: 1. Financial assistance program: Interest expense__________________ Administrative expenses___________ Other program costs_______________ 2. Investment and development company assistance program: Interest expense__________________ Administrative expenses___________ Other program costs______________ Total operating costs, funded—ob­ ligations____________________ Capital outlay, funded: 1. Financial assistance program: Business loans made______________ Disaster loans made_______________ 2. Investment and development company assistance program: Subordinated debentures purchased from investment companies______ Loans made to investment companies. Loans made to State and local devel­ opment companies______________ Total capital outlay, funded. Change in selected resources 1-----------------Adjustment in selected resources (loan obli­ gations) _____________________________ Total capital outlay—obligations. Total obligations_____________

13,626 14,794 1,757

1962 estim a te

18,819 18,847 1,800

Financing—Continued Revenues and other receipts—Continued Investment and development company as­ sistance program: Repayments on loans and debentures___ Investment and development company

Total revenues and other receipts........ Unobligated balance brought forward:

622

2,704

1963 es tim a te

2,090

1,355

2,727

1,043

4,007

10,000 9,023

124,435

161,540

272,277

49,631 180,325

91,364 50,472

91,364

22,716

19,892

21,561

599

914

1,901

-91,364 -50,472

-91,364

-91,364

285,870

492,818

595,739

Recovery of prior year obligations: Investment and development company as-

1963 e stim a te

23,558 22,050 1,830

Unobligated balance carried forward:

i B a lan ces o f s e le cte d resou rces are id e n tifie d o n th e sta te m e n t o f fin a n cial c o n ­ d itio n .

Summary of Sources and Application of Funds (in thousands of dollars) 1961 a c tu a l

.....

1962 es tim a te

5,856 2,700 5

1962 es tim a te

1963 es tim a te

Program: Financial assistance program: Capital outlay (reservations issued): Business loans:

30,801

42,175

55,999

77,767 123,352 13,807

114,842 204,163 35,460

116,688 226,512 46,800

149,065 13,996

251,923 28.650

312,153 19,250

214,926

354,465

390,000

24,726

3,000 30,000

6,000 14,000

24,726

33,000

20,000

Disaster loans: 12,277 7,185

65,000 7.000

72,500

8,000

8,284

12.000

23,428

Reservation of funds for business loans

190,807

364,573

435,331

Conversions between types of loans........ Deferred participation business loans not

40,947

65,264

81,037

23,315

20,806

23,372

255,069

450,643

539,740

285,870

492,818

595,739

13,500 593 1,593

-24,822

-32,760

241,838

362,643

390,740

362,643

390,740

Net increase in loan reservations not -28,852 Total business and disaster loan 212,986 Operating costs—obligations: Interest, ad-

Financing: New obligational authority (appropriation): Enacted or recommended in this document— Proposed for separate transmittal______ Revenues and other receipts: Financial assistance program: Repayments on business loans_________ Business loans sold with recourse______ Repayments on disaster loans_________ Proceeds from sale of acquired collateral. Repayments on judgments and notes receivable________________________ Revenue___________________________ Repayments on Reconstruction Finance Corporation business loans__________ Repayments on Reconstruction Finance Corporation disaster loans__________ Repayments on Reconstruction Finance Corporation judgments and notes receivable________________________ Revenue on Reconstruction Finance Corporation loans................................

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

180,000 80,000

300,000

89,592

118,414

9,168 831

" n '7 0 3

152,775 50,000 14,408

50,000

723 20,988

Total financial assistance—obligations _ Investment and development company assist­ ance program: Capital outlay (reservations issued): Purchase of debentures of small business investment companies approved......... Loans to small business investment com-

30,177

39,466

47,438

243,163

402,109

438,178

34,812

61,000

72,500

10,118

3,000 7,000

32,000 8,000

10,035

17,000

31,500

Guaranteed loans made by banks (at 26,061

32,564 350 250

100 80

Loans to State and local development Reservation of funds for loans sold with recourse: Loans to small business investment 2,500 2,500

Loans to State development companies. Total loan and debenture reserva­ tions, net_____________________

54,965

88,000

149,000

1963

Summary of Sources and Application of Funds (in thousands of dollars)—Con. 1962

1961

actual

estimate

1963

estimate

Program—Continued Investment and development company assist­ ance program—Continued Capital outlay (reservations issued)—Con. Net increase in loan and debenture res­ ervations not matured into obligations. -12,882 Total loan and debenture obliga­ tions________________________ Operating costs—obligations: Interest and other expenses (including administrative expenses in 1963)________________ . . .

42,083

88,000

149.000

624

2,709

8,561

42,707

90,709

157,561

285,870 -40,277

492,818 -72,539

595,739 -89,003

-23,315

-20,806

-23,462

222,278

399,473

483,274

124,435

161,540

272,277

825

-5,000

-5,165

Applicable receipts_________ _________

125,260

156,540

267,112

Budget expenditures_________________

97,018

242,933

216,162

Total investment and development company assistance—obligations___ Total obligations_________ __________ Increase ( —) in gross unpaid obligations___ . Adjustment for recovery of prior year obliGross expenditures ________________ Revenue and other receipts (from program Increase ( —) or decrease in accounts receivable,

This fund finances business and disaster loans as author­ ized b y the Small Business Act, as amended (72 Stat. 384), and investment and development company assistance ac­ tivities, as authorized by the Small Business Investment Act, as amended (72 Stat. 689). The Congress has author­ ized appropriations to the fund of $1,200 million. Of this amount, not to exceed $725 million may be outstanding for business loans (and prime contracting activities), $150 million for disaster loans, and $325 million for investment and development company assistance. Legislation is being proposed to eliminate both this ceiling on total ap­ propriations and the individual program limitations. Outstanding loans and reservations at the end of each year for the three programs financed by the fund are as follows (in millions of dollars):

1961actual 1962estimate 1963estimate

Financial assistance program: Business loans: Investment in outstanding loans____ 396.7 Outstanding loan reservations: Deferred participation loans dis­ bursed by banks_____________ 37.9 Undisbursed loan authorizations__ 94.0 Loans sold under repurchase agree­ ment_______________________ ____ Total loans and reservations.. Disaster loans: Investment in outstanding loans____ Outstanding loan reservations: Deferred participation loans dis­ bursed by banks______________ Undisbursed loan authorizations...

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

530.2

639.6

51.5 153.3

79.4 168.6

____

45.0

528.6

735.0

932.6

47.8

64.7

69.6

0.4 11.9

0.7 15.8

0.6 16.6

1961 actual 1962 estimate 1963 estimate Investment and development company assistance program: Outstanding loans and investments: Investment in debentures of small 16.2 business investment companies___ Loans to small business investment 7.3 companies____________________ Loans to State and local development companies____________________ 9.8 Outstanding loan and investment reser­ vations: Undisbursed reservations for pur­ chase debentures of small business 37.8 investment companies___________ Undisbursed loan reservations: Loans to small business investment companies___________________ 4.0 Loans to State and local develop­ ment companies______________ 5.0 Loans sold under repurchase agree­ ment_______________________ ____ Total loans, investments and reservations_____________

80.1

81.2

153.7

14.3

17.3

20.4

36.2

33.7

33.7

10.0

74.0

9.1

15.3

___ 168.7

10.0 340.2

Financial assistance program: Business loans.—Business loans may be made directly or in participation with banks or other lending institutions, and shall be of such sound value or so secured as reasonably to assure repayment. No loan may be made unless the financial assistance is not otherwise available on reasonable terms. No direct loan may be made unless it is shown that participation with a bank is not available and no im­ mediate participation loan may be made unless it is shown that a deferred participation loan is not available. The Administration’s participation in a loan is limited to 90% and the agency’s maximum loan to any one borrower is limited to $350 thousand, except for a loan to a corporation formed and capitalized by a group of small business concerns for purposes authorized in the Small Business Act. With respect to such “ pool” loans, the limitation is $250 thousand multiplied by the number of separate small businesses participating in the corporation. Administratively, it has been determined that applications for loans for more than $200 thousand (SBA share) will not be accepted from other than defense-oriented firms. Business loans, except for the purpose of constructing facilities, are limited to a maturity of 10 years and except for “ pool” loans and loans in “ redevelopment areas” under the Area Redevelopment Act, bear interest at a maximum rate of 5}{% per annum on the agency’s share thereof. For “ pool” loans, the rate of interest on the Small Business Administration’s share is no less than 3% nor more than 5% per annum. For loans in ARA designated areas, the rate of interest on the Small Business Administration’s share is 4 % per annum. It is the policy to assist businessmen operating small firms to secure credit for constructive purposes on terms that will meet the borrower’s individual requirements. Assistance includes counseling as well as the lending of funds. From the beginning of the lending program on September 29, 1953, through June 30, 1961, 25,351 loans had been approved in a total amount of $1,205.6 million (including participating banks’ shares of $181.9 million). Sixty-three percent of these loans have been on a partici­ pation basis. The average size of loans approved to date has been $47,500. In 1963 it is estimated that 9,375 loans will be approved, compared to an estimate of 7,875 in 1962 and 4,989 in 1961.

1963

SMALL BUSINESS ADMINISTRATION— C ontinued P u b lic en terprise fu n d s— C on tin u ed R evo lvin g F und — Continued

The following tabulation reflects certain data on busi­ ness loans and includes funds disbursed or collected by banks on participation loans. Accordingly, the Small Business Administration’s share of disbursements and repayments will not agree with related data in the finan­ cial statements, which reflect transactions on the basis of only the Small Business Administration cash funds in­ volved. D A T A ON B U SIN ESS LOAN S [In m illion s o f dolla rs!

Loan reservations during the year: Total amount______________________ Small Business Administration share__ Loans outstanding on June 30 held by banks and Small Business Administra­ tion: Total amount (estimate)____________ Small Business Administration share__ Loan disbursements by banks and Small Business Administration: Total amount______________________ Small Business Administration share__ Loan repayments to banks and Small Busi­ ness Administration (including loans sold): Total amount (estimate)____________ Small Business Administration share (es­ timate)_________________________

1961actual 1962estimate 1963estimate 250.4 214.9

417.6 354.5

459.4 390.0

512.0 434.6

685.2 581.7

846.9 719.0

186.1 159.0

322.6 273.9

413.7 351.2

124.9

149.4

252.0

106.2

126.8

213.9

Disaster loans.-—No restrictions exist on the amount which may be loaned to an individual or business firm suffering loss from a disaster. The maximum term for disaster loans is 20 years and the interest rate for other than “ displaced business” disaster loans may not exceed 3% on the Small Business Administration’s share of the loan. For “ displaced business” disaster loans, authorized by the Housing Act of 1961, the rate on the SB A share of the loan is determined pursuant to a formula prescribed by legislation. For fiscal year 1962 the rate will be 3%% per annum. Through June 30, 1961, a total of 12,019 regular disaster loans for $122.8 million had been approved, including 2,778 loans for $25.7 million in 1961 (primarily as a result of the damage caused by hurricane “ Donna” in September 1960). Except for “ displaced business” loans, the unpredictable nature of the program makes it impractical to estimate the volume of new loans. New commitments of $6 million for “ displaced business” loans and $14 million for all other disaster loans are estimated for 1963. The estimate for 1962 reflects the high volume of loans made as a result of damages caused by hurricane “ Carla” in September 1961, primarily in Texas and Louisiana. DATA

ON

D IS A S T E R LO A N S

[In m illion s o f dollars]

Loan reservations during the year: Total amount______________________ Small Business Administration share__ Loans outstanding June 30 held by banks and Small Business Administration: Total amount (estimate)____________ Small Business Administration share__ Loan disbursements by banks and Small Business Administration: Total amount_________ ____ _______ Small Business Administration share__ Loan repayments to banks and Small Business Administration: Total amount (estimate)____________ Small Business Administration share (estimate)......... ............................._

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1961actual 1962estimate 1963estimate 25.7 24.7

33.0 33.0

20.0 20.0

50.2 48.2

68.1 65.5

73.0 70.2

14.4 14.1

30.3 29.1

20.0 19.2

10.1

12.4

15.1

9.7

11.8

14.5

Interest expense.— As required by the Small Business Act, interest is payable to the Treasury Department on outstanding disbursements from the Fund, at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding interest-bearing marketable public debt obligations of the United States of comparable maturities. In 1961 the rate was 3H%, while for 1962 the rate is 3%%. This latter rate has been used for the purpose of computing the esti­ mated interest expenses for 1963 applicable to estimated net cash disbursements from the Fund for business and disaster loans. Administrative expenses.— Administrative expenses are financed by transfer of funds from the revolving fund to the appropriation for salaries and expenses. Investment and development company assistance program: Purchase of debentures oj small business investment com­ panies.— A primary function of these companies is to provide a source of needed equity capital for small business concerns. To facilitate the formation and growth of such companies with capital adequate to meet the demands from small business firms, the Small Business Investment Act, as amended, authorizes the Small Business Adminis­ tration with certain limitations to purchase subordinated debentures of any such company in an amount not to exceed the lesser of $400,000 or the amount of the paid-in capital and surplus of the company from other sources. It is estimated that the Small Business Administration will approve purchase of debentures in the amount of $72.5 million in 1963 compared with an estimate of $61.0 million in 1962. Loans to small business investment companies.— To further encourage the formation and growth of such com­ panies, the Small Business Administration is also author­ ized under certain circumstances to lend funds to them in amounts which may not exceed 50% of the paid-in capital and surplus of a company or $4 million, whichever is less. In addition to $8 million estimated to be loaned directly to such companies by Small Business Administration in 1963, $64 million of loans is anticipated to be made to these companies by commercial banks under a program inaugurated in 1962 for the making of such loans under a “ standby” guarantee by the agency. A fund reservation of 50% is held against such loans. Loans to State and local development companies.— The Small Business Administration is authorized to lend funds to State development companies for general use purposes; and to State and local development companies for plant construction, conversion, or expansion, including the acquisition of land. Latter type loans shall be so secured as reasonably to assure repayment, may be made directly or in participation with banks or other lending institu­ tions, may be made only when the proceeds are for use solely to assist an identifiable small business concern and for a sound business purpose approved by the agency, and are limited to a maximum of $350,000 for each such identifiable small business concern. A total of $31.5 million is estimated to be approved in 1963, compared with an estimate of $17 million in 1962. Interest expense.— This item reflects the amount of interest expense payable to the Treasury applicable to the financing of investment and development companies through loans and debenture purchases. Also, see the description for this item under the “ Financial Assistance” program above. Administrative expenses.— Beginning in 1963 these expenses will be financed b y transfer of funds from the revolving fund to the appropriation for salaries and ex­ penses. Prior to the amendments enacted in the 1st

1963

Session of the 87th Congress, the Small Business Invest­ ment Act had specifically provided for direct appropriations for such expenses. Financing: The capital of the revolving fund is provided by direct appropriations. Appropriations made to date, including $180 million for fiscal year 1962, total $920 million. A supplemental appropriation of $80 million for 1962 is esti­ mated. Appropriation requests for increased capital funds are predicated on the additional amount required to finance an estimated program volume (and related interest, administrative and other expenses), after taking into con­ sideration funds becoming available through principal repayments and revenue. The 1963 budget also contem­ plates an intensive program for the sale of seasoned loans to banks and other financial institutions, involving the sale of an estimated $50 million of business loans and $5 million each of loans to small business investment com­ panies and to State development companies. To finance the estimated program level in 1963, after taking into consideration funds to be provided by repayments, revenue and sale of loans, additional appropriations of $300 million will be required. Pursuant to the proposal contained in the 1962 Budget, the 1963 budget program provides for a transfer to the revolving fund of the assets and liabilities of the RFC liquidation fund remaining as of July 1, 1962, estimated at a net amount of $1,995 thousand. This will permit the elimination of separate accounting records and budget schedules otherwise required for a relatively nominal amount of assets remaining to be liquidated. Operating results: The deficit is expected to continue to increase primarily because the cost of processing the increasing number of applications of which only about one-half result in interestearning loans, the cost of servicing the expanding number of widely scattered loans which are relatively small in size, and the interest expense payable to Treasury on net expenditures from the fund exceed interest (ranging from 3 to 6% ) and fee income.

Financial Condition (in thousands of dollars) 1960 a c tu a l

1961 a c tu a l

1962 estim a te

280,686 4,264 2

233,668 3,439

250,735 8,439

334,573 13,604

379,323

462,631

685,754

880,593

1.063

1,153

1,153

1,395

878

978

978

1,047

666,216

701,869

16,121

15,449

22,724

30,690

336

298

522

920

16,457

15,747

23,246

31,610

320,835

364,869

447,895

671,981

44,034

83,026

224,086

191,412

364,869

447,895

671.981

863,393

219,165 150,000

325,131 50,000

292,105 260,000

328,019 300,000

1963 es tim a te

Assets: Deferred charges 1....................... Investments and loans receiva­ ble, net__________ ________ Acquired security and collateral, Judgments and notes receivable, 947,059 1,231,212

Liabilities: Reserve for contingent losses on deferred participation loans dis-

Government equity: Interest-bearing capital (appro­ priations) : Transfer of interest-bearing ex­ penditures from non-interest-

Non-interest-bearing capital (ap­ propriations): Transfer of expenditures to interest-bearing capital ( —) .

-44,034

-83,026 -224,086 -191,412

325,131

292,105

690,000

740,000 1,000,000 1,300,000

328,019

436,607

Accountability for Reconstruc­ tion Finance Corporation loans and other assets transferred in 1963 to this account for admin-40,241

-53,878

1,995 -76,187 -102,393

649,759

686,122

923,813 1,199,602

Revenue, Expense, and Retained Earnings (in thousands of dollars) Total Government equity__ 1961 a ctu a l

1962 estim a te

1963 estim a te

1 T h e changes in this ite m are reflected o n the p r o g r a m a n d financing

ch ed u le.

Analysis of Government Equity (in thousands of dollars)

Financial assistance program: 20,988 34,257

26,061 47,567

32,644 56,782

-13,269

-21,506

-24,138

Net operating loss ( —), financial assistInvestment and development company assist­ ance program: 1,043 1,234

4,007 4,810

9,023 11,091

-191

-803

-2,068

Net operating loss ( —), investment and development company assistance pro-

I9 6 0 a c tu a l

Undisbursed loan obligations1____ Unobligated balance:

1961 a c tu a l

1962 es tim a te

1963 estim a te

38,873

79,821

145,086

226,123

91,364 50,472 464,465

91,364

91,364

Invested capital and earnings_____

49,631 180,325 380,930

687,363

882,115

Total Government equity__

649,759

686,122

923,813 1,199,602

1 T h e chan ges in this ite m are reflected on th e pro g ra m an d fin a n cin g sch edu le.

Object Classification (in thousands of dollars)

Nonoperating loss ( —): 1961 a c tu a l

831 1,008

-13,637 -40,241

Deficit ( —), end of year______________ -53,878

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963 es tim a te

25 Other services: Reimbursement to "Salaries

-177 Net loss ( —) for the year______________

1962 estim a te

-26,206 -76,187

-76,187 -102,393

-22,309 -53,878

43 Interest (on appropriated funds expended).

14,794 256,828 14,248

18,847 452,448 21,523

24,750 541,575 29,414

Total obligations____________________

285,870

492,818

595,739

1963

SMALL BUSINESS ADMINISTRATION— Continued Public enterprise funds— Continued R e c o n s t r u c t io n

F in a n c e

C o r p o r a t io n

L iq u id a t io n

F und

Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: Operating costs, funded: 581 20

397 20

601 47

417 25

648

442

Total operating costs, funded—obligaCapital outlay: Program obligations______

Financing: Revenues and other receipts: Principal collections on loans: Sale of acquired collateral_______________ Repayments on judgments and notes reInterest and other revenue______________ Total revenues and other receipts______ Unobligated balance brought forward_______ Recovery of prior year obligations_________ Capital transfer: Repayment of capital inUnobligated balance carried forward________ Financing applied to program_________

Revenue, Expense, and Retained Earnings (in thousands of dollars) 873 756 121

600 510 100

122 196

110 109

2,068 1,077 35

1,429 932 35

-1,600 -932

-1,800 -154

648

442

154 -154

Summary of Sources and Application of Funds (in thousands of dollars) Obligations (from program and financing)____ Decrease in gross unpaid obligations__________ Adjustment for recovery of prior year obliga-

648 89

442 51

-3 5

-3 5

702

458

2,068 40

1,429 9

2,108

1,438

-1,40 6

-980

This fund finances the liquidation of business and dis­ aster loans of the former Reconstruction Finance Corpo­ ration which have been transferred to the Small Business Administration for administration and liquidation. Under Reorganization Plan No. 2 of 1954, disaster loans in an amount of $14.7 million were transferred to the Small Business Administration. Also, pursuant to Reorganiza­ tion Plan No. 1 of 1957, business loans and other assets of the Reconstruction Finance Corporation liquidation fund, Treasury Department, in excess of $14 million were transferred. Budget 'program.— Loans and other assets in the fund will be substantially liquidated b y the end of 1962. In order to eliminate separate accounting records and budget schedules otherwise required for a relatively nominal amount of assets remaining to be liquidated, the 1962 budget proposed the transfer to the SBA revolving fund at the beginning of 1963 of the remaining assets and

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1961

1962

1963

actual

estim ate

estimate

Revenue_________________________________ Expense_________________________________

196 651

109 417

Net operating loss (—) for the year____

-455

-308

Nonoperating loss ( —): Proceeds from sale of acquired collateral____ Net book value of assets disposed of (—) ___

121 -134

100 -100

Net loss from sale ( —) ______________

-1 3

Net loss ( —) for the year____________ Deficit ( —), start of year__________________ Close-out of deficit against net accountability to Treasury, in connection with transfer of net assets of $1,995 thousand as of July 1, 1962, to Small Business Administration re­ volving fund for administration and liquida­ tion___________________________________ Deficit ( —), end of year_____________

-468 -2,372

-308 -2,840

-3,148

3,148 -2,840

-3,14 8

Financial Condition (in thousands of dollars)

Revenues and other receipts (from program Decrease in accounts receivable, net__________

liabilities of this fund. This budget program provides for the transfer as of July 1, 1962, of such net assets, esti­ mated at an amount of $1,995 thousand. Financing.—-Administrative expenses and other pro­ gram obligations are financed from receipts from the liquidation of loans and other assets. Operating results and financial condition.— In 1961, net budget receipts of $1.4 million together with cash funds carried over from 1960 provided funds sufficient to permit a payment of $1.6 million to the Treasury as a return of the Government’s equity. Estimated net budget receipts of $1 million during the current year will enable a similar payment of $1.8 million in 1962. As of June 30, 1962, it is estimated that the Government equity will have been reduced to $2.1 million, comprised of net assets of $1,995 thousand to be transferred to the SBA revolving fund as discussed above, and cash of $154 thousand to be trans­ ferred to the Treasury as a final liquidation payment.

Assets: Treasury balance_____________________ Accounts receivable, net_______________ Loans receivable, net__________________ Acquired security and collateral, net_____ Judgments and notes receivable, net_____ T otal assets______________________ Liabilities: Current_____________________________

1960

1961

actual

actual

1962

1963

estim ate estimate

1,169 214 3,253 412 387

974 174 2,604 337 259

154 165 ,494 242 169

5,435

4,348

2,224

146

91

75

7,661

7,097

5,297

-1,600 -1,80 0

-154

Government equity: Non-interest-bearing capital: Start of year_________________ ______ 11,004 Adjustment of net accountability for assets transferred from “ Reconstruc­ tion Finance Corporation liquidation 57 fund” , Treasury Department----------Repayment of investment to Treas­ ury ( - ) - - - --------------------------------- -3,40 0 Writeoff of deficit against net accounta­ bility to Treasury in connection with transfer of net assets as of July 1,1962, exclusive of Treasury balance, to Small Business Administration re­ volving fund for administration and liquidation_______________________

1,036

1963

Financial condition (in thousands of dollars)—Continued 1960 a c tu a l

Personnel Summary 1961

1962 1963 e stim a te estim ate

1961 a c tu a l

Government equity—Continued Non-interest-bearing capital—Continued Close-out of balance of net accountabil­ ity to Treasury by reason of transfer of net assets to Small Business Admin-

actual

Number of employees at end of year_________ Average GS grade_________________________

0.3 0 8.2 $7,141

1962

estimate 50 38 49 9.9 $8,416

1963

estimate 65 61 63 9.9 $8,403

-1,995 7,661 7,097 5,297 -2,372 -2,840 -3,148 Total Government equity_____ ____

5,289

4,257

SMITHSONIAN INSTITUTION

2,149

Current authorizations: Analysis of Government Equity (in thousands of dollars) Undisbursed loan obligations (deferred par­ ticipation and repurchase agreements)___ Unobligated balance_____________ _____ Invested capital and earnings____ ________

160 1,077 4,052

125 932 3,200

90 154 1,905

Total Government equity............... -

5,289

4,257

2,149

S a l a r ie s a n d

1962

1961

estimate

1963

estimate

25 Other services: Reimbursement to “ Sal581 67

397 45

648

442

Intragovernmental funds: A dvances and

R e im b u r s e m e n t s

44 U.S.C. 139a; 72 Stat. 68; 75 Stat. 339-341; 75 Stat. 414; Depart­

Program and Financing (in thousands of dollars)

Program by activities: Miscellaneous services for other agencies: Bureau of the Budget_____________ ____ Department of Commerce (Area Redevel-

ment o f the Interior and Related Agencies Appropriation Act, 1962.)

1962 e stim a te

1961 a ctu a l

1963 e s tim a te

1961

490

750

4

490

750

4 3 -3

490

750

4

490

750

Object Classification (in thousands of dollars) 11 Personnel compensation: 4

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1962

estimate

1963

estimate

3

Financing: Advances and reimbursements from—

Total obligations____________________

Program and Financing (in thousands of dollars)

actual

1

Total financing-.....................................

For all necessary expenses [for] of the Smithsonian Institution, the preservation, exhibition, and increase of collections from the surveying and exploring expeditions of the Government and from other sources; for the system of inter­ national exchanges between the United States and foreign countries; for anthropological researches among the American Indians and the natives of lands under the jurisdiction or protection of the United States, independently or in cooperation with State, educational, and scientific organizations in the United States, and the excavation and preservation of archeological remains; for maintenance of the Astrophysical Observatory and making necessary observations in high altitudes; for the administration of the National Collection of Fine Arts; for the administration, construction, and maintenance of laboratory and other facilities on Barro Colorado Island, Canal Zone, under the provisions of the Act of July 2, 1940, as amended by the provisions of Reorganization Plan Numbered 3 of 1946; for the maintenance and administration of a national air museum as author­ ized by the Act of August 12, 1946 (20 U.S.C. 77); including not to exceed $35,000 for services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); purchase, repair, and cleaning of uniforms for guards and elevator operators, and uniforms or allow­ ances therefor, as authorized by law (5 U.S.C. 2131), for other employees; repairs and alterations of buildings and approaches; and preparation of manuscripts, drawings, and illustrations for publica­ tions; [$9,125,0003 $ 11,354,000. (5 U.S.C. 150; SO U.S.C. 41~79e; not otherwise provided for, including

Object Classification (in thousands of dollars) actual

E xpen ses

4

323 28 93 1 26 2 3 2 12

519 48 140 3 17 4 5 5 9

490

750

Program by activities: 1. Management_______ ________________ 2. Operation of— (a) United States National Museum___ (b) Bureau of American Ethnology____ (c) Astrophysical Observatory________ (d) National art collections___________ (e) National Air Museum____________ (f) Canal Zone Biological Area_______ (g) International Exchange Service____ (h) National Armed Forces Museum Advisory Board_______________ 3. General Services— (a) Buildings management department.. (b) Other general services____________

2,116 958

2,425 1,065

3,327 1,157

Total program costs 1__________ Change in selected resources 2_____________

8,530 -430

8,922 163

10,970 384

Total obligations____________________

8,100

9,085

11,354

Financing: Unobligated balance lapsing. ____________

14

New obligational authority..._________

8,114

9,085

11,354

168

223

242

4,258 81 523 72 208 52 94

4,091 94 544 94 226 64 96

4.780 99 715 189 228 69 104 60

1 In clu d es ca p ita l o u tla y as fo llo w s : 1961, $570 th o u sa n d ; 1962, $542 t h o u s a n d ; 1963, $641 th o u sa n d . 2 S elected resou rces as o f June 30 are as fo llo w s : U n p a id u n d elivered o r d e r s , I960, $1,673 th o u s a n d ; ! 9 6 1• $1,243 th o u s a n d ; 1962, $1,406 th o u s a n d ; 196 3, $1,790 th o u sa n d .

1963

Object Classification (in thousands of dollars)—Continued

SMITHSONIAN INSTITUTION— Continued Current authorizations— Continued

1961 actual

1962 estim ate

1963 estimate

S a l a r i e s a n d E x p e n s e s —Continued S M IT H S O N IA N IN S T IT U T IO N — Continued

Program and Financing (in thousands of dollars)—Continued 1961 actual

1962 estimate

1963 estimate

21 Travel and transportation of persons_____ 23 Rent, communications, and utilities___ __

New obligational authority: 8,114

9,125

11,354

Transferred to “Operating expenses, Public Buildings Service,” General Services Ad-4 0 Appropriation (adjusted)______________

8,114

9,085

Total, Smithsonian Institution_________ 11,354

1

The Smithsonian Institution maintains public exhibits representative of the arts, American history, aeronautics, anthropology, geology, technology, and biology; preserves for reference and study purposes millions of valuable items of scientific, cultural, and historical interest; conducts research in the natural sciences and in the history of cultures, technology, and the arts; and participates in the international exchange of scientific literature. The Institution operates two museums, two scientific bureaus, two art galleries, the Canal Zone Biological Area, and the International Exchange Service. It is responsible also for the operation and maintenance of five main exhibition buildings, a facility at Silver Hill, Md., and an exhibits laboratory. The 1963 estimate provides also for a Na­ tional Armed Forces Museum Advisory Board and a National Portrait Gallery. During the budget year part of the collections, exhibits, and activities of the Museum of History and Technology will be moved into the new building; partial occupancy of the east wing of the Natural History Building will involve moving and storing museum materials and moving office and laboratory equipment; the National Collection of Fine Arts will prepare exhibition plans and improve the condition of its collections in preparation for the move into the existing Civil Service Commission Building; two exhibits renovation projects and four building rehabilita­ tion projects will be completed; the U.S. National Museum’s efforts in the field of oceanography and other scientific programs of the Institution will be broadened. A supplemental estimate for 1962 is anticipated for separate transmittal. Public interest continues to grow, as evidenced by the number of visitors: 1959, 6,351 thousand; 1960, 6,495 thousand: and 1961, 7,103 thousand. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

S M IT H S O N IA N IN S T IT U T IO N

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

419 88 71 390 240 407 418 647

536 126 78 531 250 685 405 549

8,060

8,503

10,564

2 85 383

4 119 296

4 94 308

470

419

406

8,530 -430

8,922 163

10,970 384

8,100

9,085

11,354

957 17 895 918 6.6 $6,093 $4,635

1,110 18 1,013 1,156 6.9 $6,212 $4,531

1,352 18 1,289 1,397 6.8 $6,196 $4,645

A L L O C A T IO N T O G E N E R A L S E R V IC E S A D M IN IS T R A T IO N

Total, General Services Administration..

Personnel Summary Total number of permanent positions. Full-time equivalent of other positions Average number of all employees____ Number of employees at end of year.. Average GS grade................... ........... Average GS salary________________ Average salary of ungraded positions.

P ro p o se d fo r sep arate tr a n s m itta l: S a l a r ie s

and

E

xpenses

Program and Financing (in thousands of dollars) 1961 actual

1962 estim ate

1963 estim ate

Program by activities: General services (total program costs— 76 Financing: New obligational authority (proposed supple76

Under existing legislation, 1962.— A supplemental appro­ priation is anticipated to cover the costs of wage-board salary increases granted in 1961 and to provide for partyear costs of those wage-board increases expected to be granted in 1962. [ A d d it io n s t o

th e

N atural

H is t o r y

B u il d in g ]

4,989 82 62

5,690 92 41

7,270 92 42

[For an additional amount for “ Additions to the Natural History Building” , including construction, and not to exceed $10,000 for services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates not to exceed $75 per diem for individuals, $4,336,000 to remain available until expended.] (Department of

5,133

5,823

7,404

the Interior and Related Agencies Appropriation Act, 1968.)

11 Personnel compensation:

Total personnel compensation_______

372 92 85 329 290 469 335 955

1963

A n a ly sis o f 1963 fin a n cin g

C o s ts t o th is a p p ro p r ia tio n

T o Ju n e 30, I9 6 0

Program by activities: 1. Planning, design, and supervision. 2. Construction_________________ Total program costs_____ Change in selected resources *_

1961 a c tu a l

1962 estim a te

1963 estim a te

D e d u c t se­ le c t e d re­ so u rce s a n d u n o b lig a te d b a la n ce , sta rt o f y e a r

A d d se­ le c t e d re­ so u rce s a n d u n o b lig a te d b a la n ce , en d o f y e a r

617

182 1,513

465 7,100

429 6,680

586 8,173

157 1,493

617

1,695 6,481

7,565 -245

7,109 -5,727

8,759

1,650

8,176

7,320

1,382

-183 5,507

-5,507 2,523

-2,523 1,141

13,500

4,336

Total obligations_______ Financing: Unobligated balance brought forward. Unobligated balance carried forward.. New obligational authority (appropriation).

1 S e le cte d resou rces as o f Ju n e 30 are as fo llo w s : U n p a id u n d e liv e re d orders, I960, $1 th o u sa n d (1961 ju s tm e n ts . — $1 t h o u s a n d )} 1961, $6,481 th o u s a n d ; 1962, $6,236 th o u s a n d ; 1963, $509 th o u sa n d .

Rehabilitation and modernization of the Natural History Building and construction of the east wing was started in 1961. In 1962 additional funds were appro­ priated to provide for the construction of the west wing and completion of the project. Most of this work will have been placed under contract by the end of 1962. It is anticipated that the east wing will be occupied in 1963 and the west wing in 1964.

ad­

Object Classification (in thousands of dollars)—Continued 1961 a c tu a l

S M IT H S O N IA N

1962 e stim a te

32 Lands and structures__________________ Total, General Services Administration..

1963 estim a te

11 Personnel compensation: Positions other 24 1

58 2 2 3

25

65

11 146

23 377

88 3 2 1 9 3 3

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1,513

7,100

6,280

1,670

7,500

7,000

1,695 6,481

7,565 -245

7,109 -5,727

8,176

7,320

1,382

6 6 4.0 $4,040

11 16 6.8 $5,273

17 18 6.6 $5,176

Average GS salary________________________

R e m o d e l in g

of

C iv il

S e r v ic e

C o m m is s io n

B u il d in g

109

For an additional amount for “ Remodeling o f Civil Service Com­ mission Building” , fo r necessary expenses of preparing plans and specifications for remodeling the Civil Service Commission Building to make it suitable to house certain art galleries of the Smithsonian Institution, as authorized by the Act of March 28, 1958 (72 Stat. 68), including construction and not to exceed [$20,0001 $ 25,000 , for services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a) at rates not to exceed $75 per diem for individuals, [$400,000] $5 ,400,000, to remain available until expended. ( De­

320 400

partment of the Interior and Related Agencies Appropriation Act, 1962.)

A L L O C A T IO N T O G E N E R A L S E R V IC E S A D M IN IS T R A T IO N

31 Equipment___________________________

1963 estim a te

Personnel Summary Average number of all employees____________ Number of employees at end of year_________

IN S T IT U T IO N

1962 estim a te

A L L O C A T I O N T O G E N E R A L S E R V IC E S A D M I N I S T R A T I O N — C o n tin u e d

Object Classification (in thousands of dollars) 1961 a c tu a l

A p p r o p r i­ a tio n req u ired , 1963

1963

SMITHSONIAN INSTITUTION— Continued C u rren t a u th oriza tion s— C on tin u ed R e m o d e lin g

o f

C iv il

S e r v ic e

C o m m is s io n

B u i l d i n g — C o n t in u e d

Program and Financing (in thousands of dollars) C o s t s t o th is a p p ro p r ia tio n

T o J u n e 30 , I9 6 0

1961 a o tu a l

1962 e s tim a te

Program by activities: 1. Planning* design, and supervision___________________________

A n a ly sis o f 1963 fin a n c in g

1963 e s tim a te

D e d u c t se­ le c t e d re­ s o u rce s a n d u n o b lig a te d b a la n ce , s ta r t o f y e a r

A d d se­ le c t e d re­ s o u rce s a n d u n o b lig a te d b a la n ce , end o f year

A p p r o p r i­ a tio n r eq u ired j 1963

212

300

188

143 5.145

255 5,145

212 128

300 4,419

188

5.288

5.400

340

4.719

60

-6 0 741

400

5,400

Financing:

New obligational authority (appropriation)........................................... ........ .

* S e le cte d r e s o u rce s as o f Jun e 30 are as fo llo w s ; U n p a id u n d e liv e re d ord ers, 1961, $0; 1962, $12 8 th o u s a n d ; 1963, $4,547 th o u s a n d .

1. Planning, design, and supervision.— Funds for the preparation of detailed plans and specifications for remodeling of the Civil Service Commission Building to house the National Portrait Gallery and the National Collection of Fine Arts were appropriated in 1962. Exhibited in this museum will be portraits of men and women who have made significant contributions to the history and culture of the United States; the works of artists deserving of recognition; and other paintings, sculptures, bronzes, glass, porcelain, tapestry, furniture, and jewelry. 2. Construction.— This will provide for remodeling the building when it is transferred to the Smithsonian In­ stitution in 1963.

Object Classification (in thousands of dollars)—Continued 1961

actual

S M IT H S O N IA N

1963

estimate

A L L O C A T IO N T O G E N E R A L S E R V IC E S A D M IN IS T R A T IO N

24 Printing and reproduction______________ 25 Other services_________ ______________ Total, General Services Administration Change in selected resources________________

4 168

16 239

172

255

212 128

300 4,419

340

4,719

4 6 9.5 $6,750

3 3 4.0 $4,000

Personnel Summary

Object Classification (in thousands of dollars) 1961 a c tu a l

1962

estimate

1962 estim a te

1963 estim a te

Average number of all employees____________ Number of employees at end of year_________ Average GS grade_______________ ________

IN S T IT U T IO N

11 Personnel compensation: Positions other 1? ?1 25

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

30 1 2 7

3 27

40

45

15 C o nstructio n

and

I

mprovements,

N

a tio n a l

Z o ological

P

ark

For necessary expenses o f construction, remodeling, and equipping of buildings and facilities at the National Zoological Park, $950,000, to remain available until expended (80 U.S.C. 8 1 -8 4 ; 75 Stat. 779).

1963

Program and Financing (in thousands of dollars) C osts t o this'appropriation

T o June 30, 1960

1961 actual

1962 estimate

Analysis o f 1963 financing

1963 estimate

A d d se­ lected re­ sources and unobligated balance, end o f year

D ed u ct se­ lected re­ sources and unobligated balance, start o f year

A ppropri­ ation required, 1963

Program by activities: 160 655 815 135

135

160 790

135

950

950 Financing: 950 1 S e le cte d resou rces as o f Ju n e 30 are as fo llo w s : U n p a id u n d e liv e re d orders, 1962, $0; 1963, $135 th ou san d .

1. Planning.— Funds are provided to carry forward at 2. Construction.— The first year’s work includes recon­ the National Zoological Park the planning of a 10-year struction of the access road, reconstruction of the bird program of capital improvements which was started by flight cage, and improvements to the existing bird exhibi­ the District of Columbia Government in 1962. tion building. M u seum

of

H is t o r y

and

T echnology

Program and Financing (in thousands of dollars) Costs t o this appropriation

T o June 30, 1960

Program by activities: 1. Planning, design, and supervision___________________________ Total program costs____________________________________ Change in selected resources1_________________________________

1961 actual

1962 estimate

Analysis o f 1963 financing

1963 estimate

D ed u ct se­ lected re­ sources and unobligated balance, start o f year

A d d se­ lected re­ sources and unobligated balance, end o f year

1,716 4,887

403 8,980

998 16,400

330 2.220

396 2,220

66

6,603

9,383 -8,364

17,398 -12,299

2,550 -1,438

2,616

66

1,019

5,099

1,112

-7,296 6,277

-6,277 1,178

-1,178 66

Financing: Unobligated balance brought forward______________________________________ Unobligated balance carried forward_______________________________________

Appropri­ ation required, 1963

New obligational authority____________________________________________ 1 S e le cte d re so u rce s as o f Ju n e 30 are as fo llo w s : U n p a id u n d e liv e re d ord ers, 1960, $22,101 th o u s a n d ; 1961* $13 ,737 th o u s a n d ; 1962, $1,438 th o u s a n d ; 1963. $0.

In this new museum, there will be displayed national collections typifying the history and technological prog­ ress of the United States. Completion of the building is scheduled for 1963. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

S M IT H S O N IA N IN S T IT U T IO N

ii

Personnel compensation: Positions other than permanent________

i? ?i 75 31 Equipment__________________ ________ Total, Smithsonian Institution_______

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

75 23

51 5

51 5

98 4 1

56 1 3 40 50

56 1 3 40 50

103

150

150

Object Classification (in thousands of dollars)—Continued 1961

actual

1962

estimate

1963

estimate

A L L O C A T IO N T O G E N E R A L S E R V IC E S A D M IN IS T R A T IO N

24 25 31 32

Printing and reproduction______________ Other services________________________ Equipment___________________________ Lands and structures__________________ Total, General Services Administration.. Total costs_________________________ Change in selected resources________________ Total obligations____________________

5 296

22 826 500 15,900 17,248

8,979 9,280 9,383 -8,36 4

17,398 -12,299

180 710 1,510 2,400 2,550 -1,438

1,019

5,099

1,112

17 7 5.1 $4,411

10 15 6.2 $4,941 $5,470

10 8 6.2 $4,941 $5,470

Personnel Summary Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

1963

SMITHSONIAN INSTITUTION— Continued

Object Classification (in thousands of dollars)—Continued

Current authorizations— Continued S a l a r ie s

and

E

xpen ses,

N

1961 actual

a t io n a l

G

allery

of

A

Change in selected resources________________

-3 7

-1 0

49

Total obligations____________ ____ __

1,920

1,932

2,054

324 6 310 329 4.9 $5,064 $4,558

323 6 314 333 4.9 $5,080 $4,568

323 6 314 333 4.9 $5,117 $4,577

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average salary of ungraded positions_________

In trag overn m en tal fu n d s :

ment of the Interior and Related Agencies Appropriation Act, 1962.)

A

1962

estimate

1,957 -3 7

1,942 -1 0

2,005 49

Total obligations____________________

1,920

1,932

2,054

Financing: New obligational authority (appropriation)___

1,920

1,932

2,054

86

33 15 49

33 6

33 55

39

88

Management and operation.— The National Gallery of Art receives, holds, and administers works of art acquired for the Nation by the Gallery’s board of trustees; main­ tains and administers the Gallery building so as to give maximum care and protection to art treasures and to enable these works of art to be exhibited regularly to the public without charge. Number of visitors: 1959, 951,608; 1960, 965,190; 1961, 1,032,340. Object Classification (in thousands of dollars) 1961

1962

estimate

1963

estimate

11 Personnel compensation: Positions other than permanent________

21 Travel and transportation of persons_____ 23 Rent, communications, and utilities______

31 Equipment___________________________ Total costs___________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

____________

Sm

I n s t it u t io n

it h s o n ia n

Program by activities: River basin archeological studies, Depart­ ment of the Interior (total program costs) — Change in selected resources 1_____________ Total obligations___________________

1,495 24 50

1,523 25 46

1,533 25 36

1,569 118 7 1 126 1 60 47 12 16

1,594 120 7 1 131 9 25 50 6

1,594 120 7 1 131 9 82 42 2 18

1,957

1,942

2,005

1962 estim ate

Total financing........................................

1963 estim ate

114 12

216 -1 2

223

126

204

223

9

8

125 -8

196

223

126

204

223

Financing: Unobligated balance brought forward_______ Advances and reimbursements from other

1962, $6 th o u sa n d ;

33 52

actual

e im b u r s e m e n t s ,

1961 actual

1960 1961 1962 1963

T o ta l selected r e s o u rce s______________________

R

1963

Change in selected resources 2_____________

S t o r e s ____________ ____________________________________ U n paid u n d eliv ered o rd e rs___________________________

and

estimate

Program by activities: Management and operation (total program

1 In clu d es c a p ita l o u tla y as fo llo w s : 1961, $28 th o u s a n d ; 1963, $20 th ou san d . s S elected resources as o f Jun e 30 are as fo llo w s :

dvances

Program and Financing (in thousands of dollars)

Program and Financing (in thousands of dollars) 1961

1963 estimate

rt

For the upkeep and operation of the National Gallery of Art, the protection and care of the works of art therein, and administrative expenses incident thereto, as authorized by the Act of March 24, 1937 (50 Stat. 51), as amended by the public resolution of April 13, 1939 (Public Resolution 9, Seventy-sixth Congress), including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); payment in advance when authorized by the treasurer of the Gallery for membership in library, museum, and art associations or societies whose publications or services are available to members only, or to members at a price lower than to the general public; purchase, repair, and cleaning of uniforms for guards and elevator operators and uniforms, or allowances therefor for other employees as authorized by law (5 U.S.C. 2131); purchase or rental of devices and services for protecting buildings and contents thereof, and maintenance and repair of buildings, approaches, and grounds; and not to exceed $15,000 for restoration and repair of works of art for the National Gallery of Art by contracts made, without advertising, with individuals, firms, or organizations at such rates or prices and under such terms and conditions as the Gallery may deem proper; C$1,932,000] $2,064,000. (20 U.S.C. 7 1 -75 ; Depart­

actual

1962 estim ate

1 S e le cte d re so u rce s as o f J u n e 30 are as fo llo w s : U n p a id u n d e liv e re d orders^ I96 0 . $ 0 ; 1961, $12 th o u s a n d : 1962, $ 0 ; 1963, $0.

Object Classification (in thousands of dollars) 1961

1962

actual 11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ 12 21 22 23 25 26

estimate

1963

estimate

94 8

148 16

169 9

Total personnel compensation_______ Personnel benefits_____ _____ __________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Other services________________________ Supplies and materials_________________

102 8 5

164 11 5 1 4 3 8 8

178 13 8 1 4 5 8 6

Total obligations.................................

126

204

223

16 2 18 25 6.3 $5,861 $4,000

26 5 30 53 7.1 $5,991 $3,333

29 3 31 54 7.9 $6,036 $3,000

4 3 4

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees______ _____ Number of employees at end of year_________ Average GS grade________________ ________ Average GS salary________________________ Average salary of ungraded positions_________

1963

A l l o c a t io n s R e c e iv e d

F rom

Other

Object Classification (in thousands of dollars)—Continued

A ccounts

N o te .— O bligation s in cu rred under allo ca tio n s fro m o th e r a cco u n ts are sh o w n in th e sch ed u le of the paren t a p p ro p r ia tio n , “ P a rk s and r e c r e a tio n ," op e ra tin g expen ses, D istrict of C o lu m b ia .

Current authorizations: Sa l a r ie s

and

E xpen ses

For necessary expenses of the Subversive Activities Control Board, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), not to exceed $30,000 for expenses of travel, and not to exceed $500 for the purchase of newspapers and periodicals, $395,000. (Sec. 12, title I o f the Internal Security

1962 estim a te

303 17

412 -1 7

395

Total obligations____________________

320

395

395

395

1 S elected resou rces as o f Jun e 30 are as fo llo w s : U n p a id u n d elivered orders, 1960, $1 th o u sa n d ; 1961, $18 th o u s a n d ; 1962, $1 th o u s a n d ; 1963, $1 th o u sa n d .

Adjudication of cases and legal activities.— Upon petitions being filed, the Board holds formal hearings and deter­ mines whether: (a) organizations are Communist-action organizations, Communist-front organizations, or Communist-infiltrated organizations; (b) individuals are offi­ cers or members of a Communist-action organization or officers of a Communist-front organization and required to register as such; (c) the registration of particular Com­ munist-action organizations or Communist-front organi­ zations or of particular individuals should be canceled; and (d) a particular Communist-infiltrated organization has ceased to be a Communist-infiltrated organization. The Board’s determinations involve the consideration of petitions, motions, answers, and evidence adduced at the hearings. In each case the Board issues a report in writing setting forth its rulings and findings as to the facts, and issues an appropriate order. To date, the Board has heard and is hearing, only cases in which petitions against alleged Communist organiza­ tions have been filed by the Attorney General, who is the only person authorized by law to bring such actions. Under the act, proceedings concerning individuals in such organizations must await final determinations by the Board and by the appellate courts where appeals have been taken, that the organizations to which they belong are Communist-action or Communist-front. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

27 27 27 8.6 $7,607

36 33 35 8.7 $6,903

36 33 35 8.7 $6,903

Matters, Department of Commerce, and Related Agencies A ppropria­ tion Act, 1962.) Program and Financing (in thousands of dollars) 1961 a c tu a l

313 2

313 2

Total personnel compensation_______

268

315

315

1962 estim a te

1963 estim a te

Program by activities: 1. Research, investigations, and reports_____ 2. Executive direction and administration...

2,251 316

2,470 318

2,624 326

Total program costs 1_______________ Change in selected resources 2_____________

2,567 38

2,788 -1 8

2,950

Total obligations____________________

2,605

2,770

2,950

2,770

2,950

Financing: 6 New obligational authority (appropriation)

2,611

1 In clu des ca p ita l o u tla y as fo llo w s : 1961, $86 th o u s a n d ; 1962. $39 th o u sa n d ; 1963. $38 thousand . 3 Selected resou rces as o f Jun e 30 are as fo llo w s :

U n paid u n d e live re d o rd e rs_________ T o ta l se le cte d re so u rce s____

267 1

E xpen ses

For necessary expenses of the Tariff Commission, including sub­ scriptions to newspapers (not to exceed $300), not to exceed [$60,0003 $70,000 for expenses of travel, and services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates not to exceed $75 per diem for individuals, [$2,770,000] $ 2,950,000: Provided, That no part of this appropriation shall be used to pay the salary of any member of the Tariff Commission who shall hereafter participate in any proceedings under sections 336, 337, and 338 of the Tariff Act of 1930, wherein he or any member of his family has any special, direct, and pecuniary interest, or in which he has acted as .attorney or special representative: Provided further, That no part of the foregoing appropriation shall be used for making any special study, investigation, or report at the request of any other agency of the executive branch of the Government unless reimbursement is made for the cost thereof. ( General Government

1963

estimate

11 Personnel compensation: Permanent positions_________________ Other personnel compensation_________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

395

Current authorizations: S a l a r ie s a n d

395

395

TARIFF COMMISSION

75 395

320

Personnel Summary

Financing: New obligational authority (appropriation)

4 3 5 14 4 2

23 30 5 5 10 3 3 1

Total obligations____________________

1963 estim a te

Program by activities: Adjudication of cases and legal activities (total program costs)__________________ Change in selected resources 1_____________

1963

estimate

23 30 5 5 10 3 3 1

20

Act o f 1950, 50 U.S.C. 791, as amended; General Government Matters, Department of Commerce, and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 a c tu a l

estimate

Personnel benefits_____________________ Travel and transportation of persons_____ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Services of other agencies___________ 26 Supplies and materials_________________ 31 Equipment___________________________

12 21 23 24 25

SUBVERSIVE ACTIVITIES CONTROL BOARD

1962

1961

actual

96s1l~ d1eju I960 am nts 1961 1962 1963 -I 7 13

20

-I

14 43

14 25

14 25

57

39

39

It is the responsibility of the Commission to determine the impact of U.S. and foreign trade policies on domestic industries and to provide reports and recommendations

1963

Personnel Summary

TARIFF COMMISSION— Continued C u rren t a u th oriza tion s— C on tin u ed S a la r ie s a n d E x p en ses—

1962 estim ate

1961 actual

Continued

2 2 2 5.0 $4,514

to the President, Congress, or the public on these matters. The increase in foreign trade and the progressive changes in established world trade patterns are resulting in a greater demand for research, investigations, and reports on tariff and trade problems.

1963 estimate

2 2 2 5.0 $4,680

1 1 1 5.0 $4,846

Object Classification (in thousands of dollars) 1961 actual

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________ 12 21 22 23 24

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things............................. Rent, communications, and utilities______ Printing and reproduction______________

Services of other agencies_______ _____ 26 Supplies and materials_________________

Total obligations................ .....................

1962 estimate

TAX COURT OF THE UNITED STATES

1963 estimate

C u rren t a u th o riza tio n s: 2,174 14 15

2,378 11 3

2,531 11 4

2,203 162 48 3 27 13 4 10 34 63

2,392 178 62 3 38 13 4 17 33 48

2,546 190 73 3 32 15 5 12 36 38

2,567 38

2,788 -1 8

2,950

2,605

2,770

2.950

Personnel Summary Total number of permanent positions......... ....... Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year__ ______

281 4 268 277 9.3 $7,975

311 3 289 309 9.2 $7,902

324 3 306 318 9.2 $7,986

In trag overn m en tal fu n d s : A

dvances

and

R

e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1961 actual

1962 estimate

1963

estimate

Program by activities: Research, investigations, and reports (total 11

11

7

11

11

7

S a l a r ie s

11 Personnel compensation: Permanent posi-

Total obligations____________________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

10 1

10 1

7

11

11

7

xpenses

(26 U.S.C. 7441-7446, 7447(d), 7448, 7453, 7456(a), 7459, 7460, 7461, 7468, 7471, 7472; 50 U.S.C. A p p . 11 91 (e); Treasury-Post Office Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1962 estim ate

1961 actual

1963 estim ate

Program by activities: Administration and adjudication (total proChange in selected resources 1_____________

1,640 -1 0

1,745 5

1,785 -1

Total obligations____________________

1,630

1,750

1,784

Financing: New obligational authority (appropriation)__

1,630

1,750

1,784

1 S e le cte d resou rces as o f Jun e 30 are as fo llo w s : U n p a id u n d eliv ered orders, 1960, $33 th o u sa n d (1961 a d ju s tm e n ts , — $3 t h o u s a n d ); 1961, $20 th o u s a n d ; 1962, $25 th o u s a n d ; 1963 $24 th o u sa n d .

Administration and adjudication.— The Tax Court hears and decides cases involving income tax deficiencies and claims for refunds of excess profits taxes under the special relief sections of the Internal Revenue Code, and cases involving determinations of excessive profits on contracts renegotiated by the Federal Government. For 1963 the Court proposes a trial program of 160 weeks to be held in approximately 50 cities. This program should result in closing approximately 6,500 cases. The actual and estimated work volume of the Court is presented in the following tabulation.

1e9s6ti-2 Per- 1e9s6ti­3 Per­ 19tu 61al cPener-i m aI960 ctual ac aU cent mate cent 1

Filed____________ Reopened________ Closed__________ Pending at close of year___________

(in thousands o f dollars)

E

For necessary expenses, including contract stenographic reporting services, [$1,750,0003 $1 ,784,000: Provided, That travel expenses of the judges shall be paid upon the written certificate of the judge.

Financing: Advances and reimbursements from other

Object Classification

and

1

6,369 111 6,743

5,385 -1 5 .4 122 9.9 6,966 3.3

5,300 120 6,500

13,171

11,712 -11.1

10,632

-

1

1.6 5,300 120 1.6

- 6 .7

6,500

-9 .2

9,552

-1 0 .2

1 P e rce n ta g e increa se o r decrease ( —) o v e r p r e v io u s year.

A supplemental estimate for 1962 is anticipated for separate transmittal.

1963

Proposed for separate transmittal:

Object Classification (in thousands of dollars)

S a l a r ie s 1961

11 Personnel compensation: Permanent positions__________ ______ Other personnel compensation_________

estimate

1,277 137

1,296 127

Services of other agencies_____________ 26 Supplies and materials_________________ 31 Equipment________________ _ _

1,335 81 24 47 2 30 5 12 42 8 21 33

1,414 83 45 48 2 36 5 16 42 9 19 26

1,423 103 45 51 2 36 5 16 42 9 22 31

Total costs_____ _ _____ __________ Change in selected resources..____ _ ________

1,640 -1 0

1,745 5

1,785 -1

Total obligations____________________

1,630

1,750

1,784

Total personnel compensation_______ Personnel benefits_____________________ Benefits for former personnel____________ Travel and transportation of persons_____ Transportation of things_______ ______ Rent, communications, and utilities______ Penalty and registered mail___ _______ 24 Printing and reproduction______________

E xpen ses

Program and Financing (in thousands of dollars) 1961

1,243 93

12 13 21 22 23

and

1963

1962

estimate

actual

actual

1962

1963

estimate

estimate

Program by activities: Annuities to widows and dependent children, Tax Court judges (total program costs—■ 20 Financing: New obligational authority (proposed supple20

Under existing legislation, 1962.— It is anticipated that a supplemental appropriation will be needed to finance the newly enacted program to provide annuities to widows and dependent children of Tax Court judges. TENNESSEE VALLEY AUTHORITY Current authorizations:

Personnel Summary

Total number of permanent positions_________ Average number of all employees____________ Number of employees at end of year_________ Average GS grade_________________________ Average GS salary________________________

Paym ent

152 146 146 7.9 $6,876

158 151 157 7.9 $6,994

158 150 156 7.9 $6,920

to

T enn essee

V alley

A u t h o r it y

F und

For the purpose of carrying out the provisions of the Tennessee Valley Authority Act of 1933, as amended (16 U.S.C., ch. 12A), in­ cluding [purchase (not to exceed four, of which three shall be for re­ placement only),] hire, maintenance, and operation of aircraft, and purchase (not to exceed [two hundred] one hundred and fifty for replacement only) and hire of passenger motor vehicles, [$38,203,000] $35,071,000, to remain available until expended. (Public Works Appropriation Act, 1962.)

Public enterprise funds:

'

T enn essee

A u th o r ity

Fund

Program and Financing 'in thousands of dollars) Appropriations and nonpower proceeds

Power proceeds and revenue bonds

T otal

1961

1962

1963

1961

1962

1963

1961

1962

1963

actual

estimate

estimate

actual

estimate

estimate

actual

estimate

estimate

1,861 1,883

3,970 1,907

2,141 2,147

1,861 1,883 148,405

3,970 1,907 150,682

2,141 2,147 166,061

265 187

346 146

358 100

265 187

346 146

358 100

1,991 16,074 2,243 84 1,266

2,049 20,047 2,376 94 1,636

2,202

19,078 2,540 106 2,486

1,991 16,074 2,243 84 1,266

2,049 20,047 2,376 94 1,636

19,078 2,540 106 2,486

10

7 5,425

25 8,328

10

4,577

4,577

7 5,425

25 8,328

Program by activities: Operating costs, funded: 1. Navigation, flood control, and power program: (a) Navigation operations_________________________ (b ) Flood control operations_______________________ (c) Power operations__________________ _______ ____ (d ) Multipurpose reservoir operations not allocated above_______________________________________ (e) Topographic mapping_________________________ 2. Fertilizer, agricultural, and munitions program: (a) Research on fertilizer products and processes___ (b ) Fertilizer production and distribution__________ (c) Fertilizer tests and demonstrations_____________ (d) Agricultural development projects_____________ 3. Cooperative valley development programs____________ 4. General service activities: (a) Bridge maintenance (23 U.S.C., sec. 320)______ (b ) Reimbursable services_________________________

Total operating costs, funded. Change in selected resources 1__________ Total operating obligations.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

148,405

150,682

166,061

2,202

148,405 -3,101

150,682

166,061 1,469

30,441 -487

38,003 286

39,511 -1,279

178,846 -3,588

188,685 198

205,572 190

145,304

150,594

167,530

29,954

38,289

38,232

175,258

188,883

205,762

1 B a lan ces o f se le cte d resou rces are id e n tifie d on th e sta te m e n t o f financial c o n d itio n s

1963

TENNESSEE VALLEY AUTHORITY— Continued Public enterprise funds— Continued T en n essee

V a lle y

A u th o r ity

Fund—

Continued

Program and Financing (in thousands of dollars)—Continued P ow er proceeds and revenue bonds 1961 actual

Program by activities—Continued Capital outlay, funded: 1. Navigation, flood control, and power program: (a) Multipurpose dam__________________________

1962 estimate

T otal

A ppropriations and nonpower proceeds

1963 estim ate

3,089

8,394

8,546

118,542 26,281 279

149,358 34,775 1,505

84,740 37,785 805

2,162 198

1,374 213

1,206 197

1961 actual

1962 estim ate

3,089 4,218

8,393 16,284

83 856

37

977 88

883 92

1963 estimate

3,301 9,312

1961 actual

6,178 4,218

1962 estimate

16,787 16,284

1963 estimate

11,847 9,312

(c) Additions and improvements at existing flood (d) Power supply facilities_________________ ____ (e) Transmission system facilities_______________

83 119,398 26,281 279

37 149,358 ""'84740 34,775 37,785 1,505 805

(g) Additions and improvements at existing power and m ultiple-use fa cilities______________________

(h) Investigations for future facilities_____________ (i) Undistributed reductions based on possible delays

1,067 117

3,139 286

-20,000

2,257 305

2,273 314

-20,000

2. Fertilizer, agricultural, and munitions program: Chemi3. Cooperative valley

1,223

2,516

8,683

1,223

2,516

8,683

62

1,202

2,500 772

62

1,202

2,500 772

development programs: Beech

4. General service activities: General facilities_________ 150,551 13,137

175,619 -49,093

133,279 -9,520

10,596 4,829

29,407 -2,157

25,752 -1,447

161,147 17,966

205,026 -51,250

159,031 -10,967

Total capital outlay obligations____________________

163,688

126,526

123,759

15,425

27,250

24,305

179,113

153,776

148,064

Total obligations_________________________________

308,992

277,120

291,289

45,379

65,539

62,537

354,371

342,659

353,826

20,520

38,203

35,071

20,520

38,203

35,071

105

4

4

265 15,952 38 4,604

346 19,413 17 5,465

358 19,264 246 8,342

105 250,676 265 15,952 38 4,604

4 262,257 346 19,413 17 5,465

4 283,517 358 19,264 246 8,342

Total capital outlay costs, funded______________ Change in selected resources 1________________________

Financing: New obligational authority (appropriation)_________ ____ Revenues and other receipts: 250,676

262,257

283,517

Fertilizer, agricultural, and munitions development______ Cooperative valley development programs____________ Receipts from sale of retired assets and construction costs recovered_____________________ __ ________ ____

895

1,043

701

559

509

384

1,454

1,552

1,085

Total revenues and other receipts_________________

251,571

263,300

284,218

21,523

25,754

28,598

273,094

289,054

312,816

5,979

2,643

1,061

666,307

557,454

497,092

5,979 666,307

2,643 557,454

1,061 497,092

-41,432 -10,000

-36,542 -10,000

-38,500 -10,000

-41,432 -10,000

-36,542 -10,000

-38,500 -10,000

Unobligated balance brought forward: Authorization to expend from corporate debt receipts____ Capital transfers (payments to Treasury): Repayment of Government investment_______________ Unobligated balance carried forward: Authorization to expend from corporate debt receipts___ Financing applied to program_____________________

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-2,643

-1,061

-2,193

45,379

65,539

62,537

-557,454 -497,092 -441,521 308,992

277,120

291,289

l B a lan ces o f selected resou rces are id e n tifie d on th e sta tem en t o f financial c o n d itio n .

-2,643 -1,061 -2,193 -557,454 -497,092 -441,521 354,371

342,659

353,826

1963

Summary of Sources and Application of Funds (in thousands of dollars) P ow er proceeds an d revenue b on d s 1961 a c tu a l

A p p r o p r ia tio n s a n d n o n p o w e r proceeds

1963 estim a te

1962 estim a te

1961 a c tu a l

1962 e s tim a te

T ota l

1963 estim a te

1962 estim a te

1961 a c tu a l

1963 estim a te

Obligations (from program and financing)............ ......... ........ Increase ( —) or decrease in gross unpaid obligations________

308,992 -39,061

277,120 23,454

291,289 21,779

45,379 -4,478

65,539 1,213

62,537 61

354,371 -43,539

342,659 24,667

353,826 21,840

Gross expenditures_______________________________

269,931

300,574

313,068

40,901

66,752

62,598

310,832

367,326

375,666

Revenues and other receipts 1 (from program and financing). _ Increase ( —) or decrease in accounts receivable, net_________

251,571 -1,315

263,300 274

284,218 -150

21,523 361

25,754 -2

28,598

273,094 -954

289,054 272

312,816 -150

Applicable receipts 1____ _____ ____________________

250,256

263,574

284,068

21,884

25,752

28,598

272,140

289,326

312,666

Budget expenditures 1_____ _____ _________________

19,675

37,000

29,000

19,017

41,000

34,000

38,691

78,000

63,000

1

R e v e n u e s and o th e r re ceip ts an d b u d g e t exp en d itu res are b e fo r e cre d its fro m the sale o f re ve n u e b o n d s, n o t gu a ra n te e d b y the U n ited S tates. T h e se cre d its were $50 m illion in 1961 an d are e stim a te d at $150 m illion in 1962 an d $50 m illion in 1963.

The Congress created the Tennessee Valley Authority in 1933 for the unified development of a river basin comprising parts of seven States. Engineering works improve and regulate the Tennessee River for navigation, flood control, and the generation of electric power. Fertilizer research and agricultural activities promote conservation and improved use of land and water re­ sources. Tributary area development work seeks inte­ grated solution of special economic development problems in subregions. Forestry activities stress maximum use of forest resources consistent with watershed protection. All these activities are interrelated. Their common purpose is to help develop the valley’s agricultural and industrial potential for the benefit of both the region and the Nation. Other national interests are directly served. The Tennessee waterway, a part of the inland waterway system, is an interregional artery for commerce moving to and from ports in 20 States. About 40% of T V A ’s electric power generation is used by Federal agencies. In national emergencies, defense needs have first call on the Muscle Shoals chemical facilities for munitions research and production; in peacetime, they serve as the country’s only public research center equipped for com­ plete development of fertilizers from laboratory to demonstration-scale production. TVA is a corporation wholly owned by the Federal Government. Its 1963 activities will be financed from three sources: (1) appropriations by the Congress; (2) proceeds available from current power operations and borrowings against future power revenues; and (3) proceeds available from nonpower activities. Budget 'program— 1. Navigation, flood control, and power program.— A major objective of the TVA Act is develop­ ment and use of the Tennessee River for the threefold purpose of navigation, flood control, and power. System facilities consist of 26 major dams with hydroelectric gen­ erating stations, 9 navigation locks at 8 dams, 10 major steam-electric generating stations, and a power trans­ mission network of about 12,254 circuit miles.

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N A V IG A T IO N — S U M M A R Y

OF E S T IM A T E D

O P E R A T IN G

CO STS

[In th ou san d s o f dollars]

1961actual 1962estimate 1963estimate 105

4

4

387

2,417

461

24

55

30

1,450

1,498

1,650

1,861 3,685

3,970 1,863

2,141 2,022

Total operating costs..... ...............

5,546

5,833

4,163

Net expense______ ____ _____________

5,441

5,829

4,159

Receipts____________________________ Operating costs: Distribution of administrative and gen­ eral expense____________ ______ Allocation of multipurpose reservoir

(a) Navigation operations of the multipurpose reservoir system maintain the all-year 9-foot channel from the mouth of the river to Knoxville, Tenn., a distance of 650 miles. Traffic on the Tennessee waterway in calendar year 1960 was 12 million tons and 2.3 billion ton-miles. Transportation savings to shippers on this volume of traffic is estimated at $26.9 million, the difference between freight charges actually paid and those which would have obtained if the river had not been improved for naviga­ tion. About $25.9 million of these savings applied on freight originating outside the valley or moving from the valley to outside destinations. Engineering work assures that physical facilities are operated, maintained, and modified or improved to meet the needs of modern water­ borne commerce. Technical studies appraise the oppor­ tunities for use of the waterway and the barriers inhibiting its use. Data supplied to shippers and carriers help solve transportation problems, looking to full utilization of the Federal investment in the navigation channel. Capital outlay costs for navigation facilities in 1963 are estimated at $9,312 thousand and include provision for beginning construction of a new lock at Guntersville Dam, Alabama. Scheduled for service in June 1965, it will be a single-lift lock with 110-foot by 600-foot chamber, and is estimated to cost $16.5 million. The 1963 estimate also provides for continuing construction of the new lock at Wheeler Dam which is scheduled to be in service in

1963

TENNESSEE VALLEY AUTHORITY— C ontinued

(c) Power operations involve generation and transmis­ sion of power and sale of energy at wholesale to local Public enterprise funds—Continued distribution systems and to a small number of industries and Government agencies requiring large amounts of T e n n e s s e e V a l l e y A u t h o r it y F u n d — C o n tin u e d power. As of Dec. 1, 1961, power is distributed by 153 April 1963, and for dredging and other navigation channel local public agencies and 2 small privately owned utility improvements in Chickamauga, Hales Bar, and Kentucky companies. Total energy to be supplied to the power reservoirs. system from generating facilities of TVA, the Army on the Cumberland River, and the Aluminum Company of FL O O D C O N T R O L — S U M M A R Y OF E S T IM A T E D O P E R A T IN G COSTS America on the Little Tennessee River is estimated to be {I n th o u s a n d s o f dollars] 71.8 billion kilowatt-hours in 1963. This is about 5.1 1961actual 1962estimate 1963estimate billion kilowatt-hours greater than the energy supplied Operating expense__________________ 403 379 460 to the system in 1961 and about 4.9 billion kilowattDistribution of administrative and general hours above that estimated to be supplied in 1962. Net expense_________________________ 19 20 20 Allocation of multipurpose reservoir opera­ income from power operations, after depreciation, for tions expense_______ _____________ 1,461 1,508 1,667 1963 is estimated to be $61.1 million— $9.5 million greater than in 1961, and $1.6 million above the estimate for 1962. Total operating costs, funded____ 1,883 1,907 2,147 The estimates assume average streamflow conditions. Provision for depreciation____________ 1,237 1,242 1,242 Better than average streamflows could produce some in­ Total operating costs___________ 3,120 3,149 3,389 crease in net income over the estimates; with subnormal (b) Flood control operations of the Tennessee Riverstreamflows, the net income would be reduced by in­ system maintain and use storage space in upstream reser­ creases in production expenses. voirs for seasonal retention of excessive runoff and regulate P O W E R S Y S T E M F A C I L I T I E S — S U M M A R Y O F E S T I M A T E D C A P I T A L OUTLAY FROM POW ER PROCEEDS AND REVENUE BONDS discharges to rates of flow which can be handled safely by downstream channels and reservoirs. Dams on the [ I n th o u sa n d s o f dollarsl 1963 estimate Tennessee River and its tributaries provide 11.8 million 8,546 acre-feet of storage for flood control at the beginning of Multipurpose dam: Melton Hill hydro units 1-2__________________ power supply facilities: the flood season. Cities and agricultural lands in the Other Continuing construction: Tennessee Valley are protected and flood crests can be Widows Creek steam unit 8________________________________ 18,567 Colbert steam unit 5______________________________________ 3,387 reduced on the lower Ohio and Mississippi Rivers. - Since Paradise steam units 1-2__________________________________ 27,951 1936, regulation of the reservoirs for flood control has Bull Run steam unit 1____________________________________ 24,985 averted damages totaling in the order of $130 million in Wilson hydro units 19-21__________________________________ 31 the Tennessee Valley, and about $29 million on the lower Wheeler hydro units 9-11__________________________________ 1,576 Beginning construction: Additional steam unit__________________ 8,243 Ohio and Mississippi Rivers. As a supplement to operat­ ing its reservoir system for flood control, TVA collects and Total power supply facilities (including Melton Hill)________ 93,286 analyzes flood data; studies potential flood control projects Transmission system facilities__________________________________ 37,785 and ways to improve operations of the existing system. Coal land and rights__________________________________________ 805 1,206 Technical advice and assistance is given to State and local Additions and improvements at existing power facilities____________ 197 agencies in finding solutions to local urban and rural flood Investigations for future facilities_______________________________ control problems. For the 150 communities in the valley Total power system facilities_____________________________ 133,279 having local flood problems, 68 reports have been made covering 80 communities. Seventeen have officially The 1963 estimate for power supply facilities to be adopted flood-plain regulations and others are planning financed from power proceeds and revenue bonds is $93,286 definite follow-up action. It is planned to develop and thousand. Of this estimate $85,043 thousand is for con­ present technical data to 9 or more additional communities tinuing construction of steam generating units at the Wid­ in 1962 and 10 or more communities in 1963. ows Creek, Colbert, Paradise, and Bull Run projects and hydroelectric generating units at Melton Hill, Wilson, and P O W E R — S U M M A R Y OF E S T IM A T E D R E V E N U E A N D R E C E IP T S A N D Wheeler Dams. As of June 30, 1961, the installed name­ O P E R A T IN G COSTS plate capacity of the system was 11.9 million kilowatts, [In th o u sa n d s o f dolla rs] the Army plants on the Cumberland River and 1961actual 1962estimate 1963estimate including Aluminum Company of America plants on the Little Revenue and receipts: Tennessee River operated as a part of the TVA system. Sales of electric energy (outside): 109,855 102,630 101,540 Federal agencies_______________ Completion on schedule of units started prior to 1962 Others_______________________ 134,752 154,450 176,570 will bring the system nameplate capacity to 14 million Other income____________________ 6,069 5,177 5,407 kilowatts by the winter of 1963-64. The estimated de­ pendable capacity of the system at that time of 14.4 Total revenue and receipts_____ 250,676 262,257 283,517 million kilowatts provides a reserve of 12.7% over esti­ Operating costs: mated system demands of 12.8 million kilowatts to allow Production and transmission(including for loss of capacity because of breakdown of generating allocation of multipurpose reservoir equipment and needs for its maintenance, failure of sub­ operations expense)_____________ 132,760 134,361 144,692 Payment in lieu of taxes___________ 6,478 6,744 7,729 station equipment and transmission lines, and drawdown Other operating expense (less interof reservoirs during extremely dry periods. The presently divisional sales and rents)-----------8,768 9,177 9,640 budgeted capacity additions will increase the system Interest charges__________________ 399 400 4,000 dependable capacity to about 14.9 million kilowatts by the Total operating costs, funded___ 148,405 150,682 166,061 end of calendar year 1964 and to about 15.8 million kilo­ Provision for depreciation--------------50,627 52,100 56,400 watts by the end of calendar year 1965. The presently estimated demands are 13.3 million kilowatts and 14.4 Total operating costs__________ 199,032 202,782 222,461 million kilowatts, leaving reserves of 11.8% and 9.1%, respectively, in the winters of 1964-65 and 1965-66.

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1963

These margins are lower than those which are generally relates to fertilizer uses of calcium cyanamide and formaconsidered desirable by the electric utility industry. Con­ mide; pelletized phosphate fertilizer; calcium polyphos­ tinued load growth will require additional capacity and phate; and improved methods for production of wet latest projections indicate that an additional 900,000- process phosphoric acid. kilowatt unit will need to be in service in the winter of F E R T I L I Z E R P R O D U C T I O N A N D D I S T R I B U T I O N — S U M M A R Y OF 1966-67. The 1963 budget includes $8,243 thousand for E S T IM A T E D O P E R A T IN G C O STS starting this unit at a site not yet determined. The [In th o u sa n d s o f dollars] magnitude and locations of any additional capacity needed 1961actual 1962estimate 1963estimate in the winter of 1966-67 and in succeeding years have not 15,212 18,717 18,523 Receipts____ ____ ________ ______ _ yet been determined. Estimated capital outlay costs for power supply facilities Operating costs: in 1963 include $8,546 thousand from power proceeds and Operating expense__________________ 15,642 19,597 18,618 Distribution of administrative and gen­ revenue bonds for continuing construction of the Melton 432 450 460 eral expense....... ............................... Hill Dam and Reservoir on the Clinch River, about 23 miles upstream from its confluence with the Tennessee. Total operating costs, funded____ 16,074 20,047 19,078 The project will extend the navigation channel to Clinton, Provision for depreciation_____________ 961 992 1,292 Tenn., and provide rated power generating capacity of 21,039 20,370 Total operating costs..................... 17,035 72,000 kilowatts. The cost of the lock, other navigation facilities, and an allocated portion of the multiple-purpose Net expense_________ _______________ 1,823 2,322 1,847 facilities will be financed with appropriated funds; and the balance with power and revenue bond proceeds. (b) Fertilizer production and distribution has these objec­ (e) Topographic mapping of the valley serves T V A ’s tives: to demonstrate the technical and commercial feasi­ planning, construction, and operating needs and meets bility of new or improved processes, thereby encouraging the standards of the Geological Survey for nationwide their adoption by industry; to supply materials for test map coverage. The scheduled mapping carried on coop­ demonstration on practical farms and for widespread edu­ eratively with the Survey covers 763 quadrangles (about cational introduction among farmers; and to supply muni­ 46,100 square miles). As of June 30, 1961, 739 quad­ tions materials or render other services for national de­ rangles (about 44,900 square miles) were completed and fense. New or improved fertilizers are sold to farmers for printed. Work on the remaining 24 quadrangles (about educational purposes through cooperative and industry 1,200 square miles) will be complete by the end of 1962. distributors who in turn furnish data to TVA concerning The estimate for 1963 includes $100 thousand for bringing distribution costs and farmer acceptance. Significant aspects of 1963 production plans are increased tonnage up to date about 18 quadrangles in need of revision. 2. Fertilizer, agricultural, and munitions program.— of new materials— concentrated superphosphate, ammo­ Chemical facilities at Wilson Dam, Ala., are maintained nium phosphate nitrate, granular ammonium nitrate, cal­ and operated as a national fertilizer development center, cium metaphosphate, and liquid fertilizer— and reduced but by statute, they must likewise be available for muni­ distribution of diammonium phosphate and ammonium tions purposes and are an important segment of the nitrate. Estimated cost of fertilizer production and dis­ tribution in 1963 is $20,370 thousand; income from the national defense program. sale of fertilizer products and byproducts is estimated at R E S E A R C H ON F E R T IL IZ E R P R O D U C T S A N D PR O C E S SE S— S U M M A R Y $18,523 thousand. O F E S T IM A T E D O P E R A T IN G C O STS [I n th o u sa n d s o f dollars]

1961actual 1962estimate 1963estimate Receipts____ ____ - -------- -------------------

8

Operating costs: Operating expense__________________ 1,916 Distribution of administrative and gen­ eral expense_____________________ 75

5 1,969

5 2,118

80

84

Total operating costs, funded____ Provision for depreciation___________

1,991 48

2,049 50

2,202 50

Total operating costs___________

2,039

2,099

2,252

Net expense_________________________

2,031

2,094

2,247

F E R T IL IZ E R T E S T S A N D D E M O N S T R A T IO N S — S U M M A R Y OF E S T IM A T E D O P E R A T IN G C O ST S [In th ou san d s o f dollars]

1961actual 1962estimate 1963estimate ....

732

691

736

Operating costs: Operating expense______________ — . 2,189 Distribution of administrative and general expense______________ 54

2,317

2,478

59

62

1,428 815

1,583 793

1,804 736

2,243

2,376

2,540

Total operating costs, funded: Appropriated funds_______ . . . . Nonpower proceeds_______ . . . .

(a) Research onjertilizer products and processes has three Provision for depreciation_________ 7 8 8 phases— fundamental research, applied research, and Total operating costs________ . . . . 2,250 2,384 2,548 process engineering in the laboratory and through pilotlant operation. TVA works cooperatively with the Net expense_____________________ . . . . 1,518 1,693 1,812 )epartment of Agriculture and with industry to avoid duplication. Research results on technological develop­ (c) Fertilizer tests and demonstrations are of three prin­ ments and new and improved processes are made available cipal types: (1) laboratory and field plot tests to determine to industry. Knowledge gained in fertilizer research is under controlled conditions the relative efficiency of valuable also in the related field of munitions. Significant materials; (2) studies and demonstrations aimed at projects in 1963 will be research on the economical produc­ developing more efficient and economical ways of dis­ tion of oxamide and the production of nitrogen fertilizers tributing and applying fertilizer; and (3) farm test demon­ from low-grade coal. Studies and development work will strations of fertilizer use. Major objectives of the latter continue on nonexplodable ammonium nitrate and granu­ are to introduce experimental fertilizers and demonstrate lar potassium metaphosphate. Other continuing work their uses to farmers throughout the Nation and to

J

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1963

TENNESSEE VALLEY AUTHORITY— Continued Public enterprise funds— Continued T enn essee

Valley

A u t h o r it y

F und—

Continued

improve the valley’s agriculture, forestry, and watershedstreamflow relationships. In 1963 some 2,820 farms in 31 States will participate in the program. Farmer payments for TVA fertilizer used in test demonstrations will total $736 thousand, averaging about 60% of the plant cost of the material. Agricultural extension services of the landgrant colleges supervise and technically guide farm test demonstration activities, with TVA bearing part of the cost. During 1963 cooperating institutions will pay an estimated $1,065 thousand of the cost of field planning and supervision; TVA’s payment is estimated at $368 thousand. Capital outlay costs for chemical facilities in 1963 are estimated at $8,683 thousand, most of which is for con­ tinuation of a rehabilitation program started in 1960. Facilities to be completed in 1963 include a new phos­ phorus furnace to replace furnaces now obsolete, a new nitric acid unit to replace World War I facilities, and a nitrogen granulation facility which employs a new process. This estimate also provides for beginning construction of an addition to the chemical engineering building at Wilson Dam to provide adequate laboratory and office facilities. Plans for this structure include provision for fallout shelter. 3. Cooperative valley development programs.— The overall development of the Tennessee Valley area in cooperation with State and local agencies and groups constitutes an important part of T V A ’s program for the proper use, conservation, and development of the region’s natural resources. Investigations identify current problems and opportunities for development under conditions of opti­ mum use. Research helps develop and test corrective measures. Cooperative projects with State and local groups apply these measures to regional and special problems.

join with TVA to find and apply solutions. The basic approach is the development of local organization, the inventory of area resources, the selection of the most desirable alternatives for resource development, and the application of improvement measures, with the coopera­ tion of all agencies having a contribution to make. Dur­ ing 1963, TVA will take part in cooperative tributary area development work in at least 9 tributary areas where local development organizations exist or are being formed. In addition, research on the effects of changes in land use on the quality and behavior of water in the streams will be continued to provide data useful in the solution of tributary area problems directly related to hydrology. Capital outlay estimates for 1963 include $2.5 million for beginning construction of a multipurpose water control system in the Beech River watershed. This represents a new approach to solutions of water control problems in small tributary watersheds by joint participation by the Federal Government and State and local agencies. The estimated total cost of the planned water control facilities is $6 million. From the cash benefits generated by the system, local agencies will repay $2 million. (b) Forestry projects aid the States, counties, landown­ ers, and the timber industry in developing full production and use of the valley’s forest resource consistent with the needs of watershed protection. Forestry projects include research and demonstrations in forest management and forest damage prevention, reforestation, and wood utiliza­ tion. (c) Investigation and appraisal oj mineral resources will continue in cooperation with State and local agencies. This includes economic geology and chemical engineering studies related to mineral processing. 4. General service activities.— Reimbursable services fur­ nished at the request and expense of other agencies com­ prise all but a minor portion of these operations. GENERAL

S E R V IC E

A C T IV IT IE S — S U M M A R Y O P E R A T IN G COSTS

OF

E S T IM A T E D

[In thousands of dollars] C O O P E R A T IV E V A L L E Y D E V E L O P M E N T — S U M M A R Y OF E S T IM A T E D O P E R A T IN G COSTS [In thousands of dollars]

1961actual 1962estimate 1963estimate 17

246

1,561

2,391

75

95

1,266 ____

1,624 12

2,241 245

1,266 7

1,636

2,486

Total operating costs____________

1,273

1,644

2,494

Net expense_________________________

1,235

1,627

2,248

Receipts.

......................

38

Operating costs: Operating expenses_________________ 1,201 Distribution of administrative and general expense__________________ 65 Total operating costs, funded: Appropriated funds___________ Nonpower proceeds___________ Provision for depreciation.

8

Cooperative valley development activities are of three types: tributary area development, forestry projects, and investigation and appraisal of mineral resources. (a) The tributary area development program includes TVA activities in subareas of the valley where special attention is being given to economic development. These are areas where local problems inhibit economic growth, where there are opportunities for substantially greater development of the resource base, and where local or­ ganizations, with their State and local governments, wilJ

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Receipts: Reimbursements___________________ Other____________________________

1961actual 1962estimate 1963estimate 4,577 27

5,425 40

8,328 14

Total receipts__________________

4,604

5,465

8,342

Operating costs: Bridge maintenance (23 U.S.C. sec. 320)_________ _____ ____________ Reimbursable services_______________

10 4,577

7 5,425

25 8,328

Total operating costs, funded____

4,587

5,432

8,353

Net income or expense ( —) ____________

17

33

-1 1

The 1963 estimate of $8,328 thousand for reimbursable services includes $1,207 thousand for mapping services performed for the Army, the Geological Survey, and others. The estimate includes $2,810 thousand for con­ tinuing construction of a bridge over Pickwick Dam, for which reimbursement is to be received from the Public Roads Administration and the State of Tennessee. An estimate of $3,034 thousand covers services for the con­ struction and operation of an experimental gas-cooled reactor for the Atomic Energy Commission. Services for the Department of Defense in connection with keeping the Muscle Shoals phosphate development works in standby status are estimated at $228 thousand. Reim­ bursements of $210 thousand are anticipated from power distributors for technical advisory services. The balance

1963

is for loans of personnel and services to other agencies and miscellaneous recoveries of TVA expenditures. Capital outlay estimated at $772 thousand for general facilities in 1963 is made up of a budget outlay of $2,242 C A P IT A L

thousand, offset by depreciation credits of $1,470 thousand. The $2,242 thousand is for purchase of equipment used in all program activities and covers primarily replacement of trucks and other heavy mobile equipment. OUTLAY

[In th ou san d s o f dollars]

Estimatetocomplete D cet Funds in1ec9do6um Obligations osts 1 . re qucoire d 1961 C T o ta l T o Ju n e 3 0 , 1 9 6 1 1 9 6 2 . to m 1 9 6 2 1 9 6 3 1 96a2te es1tim 963ate estimate 1960 actual estimate estimate 1963 plete actual estim -

(n e ()

Financed from power proceeds and revenue bonds: 1. Navigation, flood control, and power program: Multipurpose dam: Melton Hill Dam and Reservoir_____ 20,500 Power supply facilities______________________________ 647,247 Transmission system facilities____ ____ ___________________ _____ Coal land and rights________________ ________________________ Additions and improvements at existing power facilities____________ Investigations for future facilities_______________________________ Undistributed reductions based on possible delays and savings______

224,746

Total financed from power proceeds and revenue bonds___________________ Financed from appropriations and nonpower proceeds: 1. Navigation, flood control, and power program: 15,500 Multipurpose dam: Melton Hill Dam and Reservoir_____ 475 Navigation facilities: Rehabilitation of original lock at Wheeler Dam________ 7,391 New locks: Wheeler Dam__________________________________ 17,000 245 Guntersville Dam_______________________________ 16,500 18 Wilson Dam___________________________________ 36,955 35,209 Additions and improvements at existing navigation facilities_______________________________________________ Additions and improvements at existing flood control facilities__________________________________________________ Power supply facilities______________________________ 198,200 197,677 Additions and improvements at existing multiple-use facilities_______________ Investigations for future facilities_______________________________________ 2. Fertilizer, agricultural, and munitions program: Chemical facilities_____________ 3. Cooperative valley development programs: Beech River multipurpose water control system______________________________________________________________ 4. General service activities: General facilities_________________________________ Total financed from appropriations and nonpower proceeds__________________

Financing.—Amounts estimated to become available in 1963 would be derived from (1) the requested appropria­ tion of $35,071 thousand; (2) nonpower revenues and receipts of $28,598 thousand; and (3) power revenues and receipts of $284,218 thousand. In addition, the budget program anticipates financing from borrowings (not guar­ anteed by the Government) of $50 million backed by future power revenue. A summary of the application of appropriations follows (in thousands of dollars): A P P L IC A T IO N

OF

Operations: 1. Navigation, flood control, and power program:

A P P R O P R IA T IO N S

1961actual 1962estimate 1963estimate 1,861 1,883 187

3,970 1,907 146

2,141 2,147 100

Topographic mapping__________ 2. Fertilizer, agricultural, and muni­ tions program: Research on fertilizer products and processes___________________ 1,991 Fertilizer tests and demonstrations. 1,428 Agricultural development projects. 84 3. Cooperative valley development programs__ ____ _____ _____ ____ 1,266 4. General service activities: Bridge maintenance (23 U.S.C. sec. 320) _ 10

2,049 1,583 94

2,202 1,804 106

1,624

2,241

7

25

Total operations_____________

11,380

10,766

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8,710

4,814 8,386 121,142 102,459 34,209 31,597 727 1,005 2,195 1,329 198 213 -20,000

6,995 76,651 37,450 805 1,206 197

163,285

124,989

4,814

8,386

1,749

726

6,309

356

3,456 2 2,516

8,086 181 -742

5,078 3,374

5

954

123,304 .........

‘ """960

15,425

27,250

...........

19

95

------- -------135 12,925 28

83 37 556 867 " " ‘ 793 " ' i ‘ 067 95 85 117 2,229 3,150 8,338 8l

20 325 3,089 8,394 268 122,517 118,542 149,358 26,281 34,775 279 1,505 2,162 1,374 198 213 -20,000

33

2,500 772 : : : : : : 24,305

A P P L IC A T IO N

--------

8,546 84,740 37,785 805 1,206 197

150,551

175,619

133,279

3,089

8,393

3,301

473

6,562

356

2,914 2 829

8,478 181 1,058

5,228 2,774

5

954

83 37 856 977 "‘ " ‘ 883 ‘ ‘ i ’ 067 92 88 117 1,223 2,516 8,683

:::::::

62

1,202

2,500 772

____ _____

10,596

29,407

25,752

O F A P P R O P R I A T I O N S — C o n tin u e d

1961actual 1962estimate 1963estimate

Capita] outlay: 1. Navigation, flood control, and power program: Multipurpose dam: Melton Hill Navigation facilities: Rehabilitation of original lock at Wheeler Dam__________ New lock at Wheeler Dam___ New lock at Guntersville Dam. Additions and improvements at existing navigation facilities. Additions and improvements at existing multiple-use facilities.. Investigations for future facilities. 2. Fertilizer, agricultural, and muni­ tions program: Chemicalfacilities. 3. Cooperative valley development pro­ grams: Beech River multipurpose water control system__________ 4. General service activities: General facilities_____________________

4,308

8,120

1,749

726 3,456 2

6,130 8,086 181

356 5,078 3,374 954

867 95

111 85

1,067 117

2,229

3,150

8,338 2,500

127

960

772

Total capital outlay................

11,810

26,823

24,305

20,520 4,073 -427

38,203 427

35,071

Unobligated balance brought forward__

24.166

38,630

35,071

Obligations against appropriated

1963

TENNESSEE VALLEY AUTHORITY— Continued Public enterprise funds— Continued T en n essee

V a lle y

A u th o r ity

Fund—

Continued

Operating results and financial condition.— Accumulated net income from power operations at the end of 1963 is estimated at $626,018 thousand, of which $61,056 thou­ sand is derived from 1963 operations. The accumulated net expense of nonpower programs at the end of 1963 is

estimated at $260,667 thousand, of which $15,920 thou­ sand is from 1963 operations. Only the power program is intended to be self-supporting; the net expense of nonpower programs is covered largely b y appropriations from the Treasury. Payments to the Treasury in 1963 are estimated at $48.5 million— $38.5 million as a dividend (return on the appropriation investment in the power program) and $10 million as a reduction in the appropria­ tion investment in the power program.

Revenue, Expense, and Retained Earnings (in thousands of dollars)

1961 actual

T otal

N onpower program s

Pow er program

1961 actual

1962 esti­ mate

1961 aotual

1962 esti­ mate

1963 es­ tim ate

1962 esti­ mate

1963 esti­ mate

250,676 199,032

262,257 202,782

283,517 222,461

250,676 199,032

262,257 202.782

283,517 222,461

51,644

59,475

61,056

51,644

59,475

61,056

570,317

580,529

603,462

570,317

580,529

603,462

-41,432

-36,542

-38,500

-41,432

-36,542

-38,500

580,529

603,462

626,018

580,529

603,462

626,018

1963 esti­ m ate

POW ER PROGRAM

Power operations: Revenue and receipts________ ____ ___ Expense_________________ ____ _____ Net income, power operations........................................ Analysis of retained earnings: Retained earnings, beginning of year....... ............................ Dividend (return to Treasury on appropriation investment)

( - ) ........................................................................... Retained earnings, end of year________ NONPOW ER PROG RAM

Navigation operations: Revenue______________________________ Expense______________________________ Net operating expense (—), navigation operations. Flood control operations: Expense ( —) _______________ Multipurpose reservoir operations not allocated above: Revenue______________________________________ Expense______________________________________ Net operating expense ( —), multipurpose reservoir oper­ ations not allocated above_________________________ Topographic mapping: Expense ( —) _____________________ Fertilizer, agricultural, and munitions program: Revenue_______________________________ Expense________________________________ Net operating expense ( —), fertilizer, agricultural, and munitions program_____________________________ Cooperative valley development programs: Revenue___________________________ Expense____________________________ Net operating expense (—), cooperative valley develop­ ment programs________________________________ General service activities: Revenue_____________ Expense_____________ Net operating income or expense ( —), general service activities_____________________________________ Total net expense ( —) nonpower programs__________ Analysis of deficit ( —) (accumulated expense of nonpower programs), beginning of year__________________________ Deficit ( —) (accumulated net expense of nonpower programs), end of year_________________________ Retained earnings, or deficit ( —), (accumulated net income from power operations, less accumulated net expense of nonpower programs), end of year_______

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

105 5,546

4 5,833

4 4,163

105 5,546

4 ,833

4 ,163

-5,441 -3,120

-5,829 -3,149

-4,159 -3,389

-5,441 -3,120

-5,829 -3,149

-4,159 -3,389

265 265

346 346

358 358

265 265

346 346

358 358

-188

-147

-101

-188

-14 7

-101

15,952 21,408

19,413 25,616

19,264 25,276

15,952 21,408

19,413 25,616

19,264 25,276

-5,45 6

-6,203

6,012

-5,456

-6,20 3

38 1,273

17 1,644

246 2,494

38 1,273

17 1,644

246 2,494

-1,235

-1,62 7

-2,248

-1,235

-1,62 7

-2,248

4,604 4,587

5,465 5,432

8,342 8,353

4,604 4,587

5,465 5,432

8,342 8,353

17

33

-1 1

17

33

-11

-15,423

-16,922

-15,920

-15,423

-16,922

-15,920

-212,402

-227,825

-244,747

-212,402

-227,825

-244,747

-

-227,825 -244,747 -260,667

580,529

603,462

626,018 -227,825

-244,747 -260,667

-

6,012

-227,825 -244,747 -260,667

352,704

358,715

365,351

1963

Financial Condition (in thousands of dollars) 1960

1961

actual PO W ER

actual

Financial Condition (in thousands of dollars)—Continued 1962

estimate

PROGRAM

Assets: Treasury balance______ U.S. securities (par)___ Current receivables, net. Selected assets:1 Inventories_________ Deferred charges____ Fixed assets, net______ Total assets. Liabilities: Current_____________________ Long-term debt: Borrowings from the public_____________ Contributions in aid of construction.

10,861 51,289 19,109 34,896 1,685,631

1,453 39,200 20,424

1960

1963

actual

estimate

3,986 103,000 20,150

4,486 75,000 20,300

31,789 31,937 33,406 403 1,940 2,395 ,786,374 1,909,221 1,985,847

1,801,786 1,879,643 2,070,234 2,121,434 29,608

55,539

82,826

71,022

50,000 574

200,000

574

250,000 574

574

1961

actual

1962

estimate

1963

estimate

Government equity: Non-interest-bearing capital: Start of year_______________ 1,780,120 1,795,281 1,806,450 1,834,653 Appropriations______________ 14,904 20,520 38,203 35,071 Transfers of property from other agencies____________ 257 649 -10,000 " - i o ’ ooo’ ' —167666 Payments to Treasury ( —) End of year___________ ____ 1,795,281 1,806,450 1,834,653 1,859,724 Retained earnings (accumulated net income from power opera­ 570,317 580,529 603,462 tions)_____________________ 626,018 Deficit ( —) (accumulated net expense of nonpower programs). -212,402 -227,825 -244,747 -260,667 Total Government equity__ 2,153,196 2,159,154 2,193,368 2,225,075 1 T h e ch an ges in these ite m s are reflected on th e p r o g r a m and fin a n cin g schedule.

Government equity: Non-interest-bearing capital: Start of year_______________ Appropriations (allocation)___ Transfers of property from other agencies____________ Payments to Treasury ( —) ___

,198,981 1,201,287 1,193,001 1,183,372 2,159 371 448 1,445

Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars) 1960

147

actual

269 -

10,000

-

10,000

-

1961

actual

1962

estimate

1963

estimate

10,000 POW ER PROG RAM

End of year______________ 1,201,287 1,193,001 1,183,372 Retained earnings (accumulated net income from power opera­ tions) _____________________ 570,317 603,462 580,529 Total Government equity.

1,771,604 1,773,530

,173,820 626,018

,786,834 1,799,838

Unpaid undelivered orders 1______ 97,218 87,243 148,084 135,344 Unobligated balance_____________ 666,306 497,092 557,454 441.521 Invested capital and earnings_____ 1,719,953 1,767,992 1,742,524 1,771,074 Subtotal___ _____________ 2,521,604 2,473,530 2,336,834 2,299,838 Less undrawn authorizations______ -750,000 -700,000 -550,000 -500,000

NONPOW ER PROGRAM S

Assets: Treasury balance__________ Current receivables, net_____ Selected assets:1 Inventories. Fixed assets, net___________ Total assets. Liabilities: Current________

Total Government equity__ 1,771,604 1,773,530 1,786,834 1,799,838 14,861 3,159 5,375 366,854

16,754 2,798 6,822 369,880

14,082 2,800 6,047 394,243

15,153 2,800 6,047 414,540

390,249

396,254

417,172

438,540

8,657

10,630

10,638

13,303

NON POW ER PROGRAM S

Unpaid undelivered orders 1______ Unobligated balance____________ Invested capital and earnings_____

3,384 5,979 372,229

6,279 2,643 376,702

5,183 1,061 400,290

2,457 2,193 420,587

Total Government equity__

381,592

385,624

406,534

425,237

TOTAL

Government equity: Non-interest-bearing capital: Start of year_______________ Appropriations (allocation)___ Transfers of property from other agencies____________

581,139 12,745

593,994 19,075

110

380

End of year— _____ ________ 593,994 Deficit (—) (accumulated net expense of nonpower programs). -212,402

613,449

651,281

685,904

-227,825

-244,747

-260,667

385,624

406,534

425,237

Total Government equity__

381,592

613,449 37,832

651,281 34,623

Subtotal_________________ 2,903,196 2,859,154 2,743,368 2,725,075 Less undrawn authorizations______ -750,000 -700,000 -550,000 -500,000

25,722 51,289 22,268

18,207 39,200 23,222

18,068 103,000 22,950

19,639 75,000 23,100

l T h e chan ges in these ite m s are reflected on th e p ro g ra m and fin a n cin g s ch ed u le.

Object Classification (in thousands of dollars) 1961

actual

40,271

38,611 37,984 39,453 403 1,940 2,395 2,052,485 2,156,254 2,303,464 2,400,387

Total assets______________ 2,192,035 2,275,897 2,487,406 2,559,974 Liabilities: 93,464 Current_____________________ 38,265 66,169 84,325 Long-term debt: Borrowings from 200,000 the public_________________ 50,000 250,000 574 574 574 574 Contributions in aid of construction.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Total Government equity__ 2,153,196 2,159,154 2,193,368 2,225,075

N o t in clu d e d in these figures are June 30 co m m itm e n ts fo r fu e l c o n tr a c ts w h ich w ere $325,203 th o u sa n d fo r 1960; $368,316 th o u s a n d fo r 1961; an d w h ich are esti­ m ated at $36 6,81 6 th o u sa n d fo r 1962 and 1963.

TOTAL

Axsets: Treasury balance______ U.S. securities (par)___ Current receivables, net. Selected assets:1 Inventories_________ Deferred charges____ Fixed assets, net______

Unpaid undelivered orders1______ 138,728 154,363 102,401 89,700 560,097 Unobligated balance_____________ 672,286 498,153 443,714 Invested capital and earnings_____ 2,092,182 2,144,694 2,142,814 2,191,661

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________ Deduct excess of annual leave taken over leave earned_________________ Total personnel compensation_____

71,949 29,407 3,499

1962

estimate

1963

estimate

77,890 45,803 3,623

81,091 38,989 3,308

127,316

123,388

-6 5 104,790

1963

TENNESSEE VALLEY AUTHORITY— Continued Public enterprise funds— Continued T

e n n is s e e

V

alley

A

u t h o r it y

F

und—

C o n tin u e d

Object Classification (in thousands of dollars)—Continued 1961 actual

1? 71 ?? n ?4 75 76 31 V 41 47 43

1962 estimate

1963 estimate

9,377 1,580 22,196 2,536 161 10,582 95,235 79,796 5,867 6,478 96 1,299

10,956 1,755 23,813 2,825 168 10,277 101,592 93,933 8,378 6,744 54 5,900

10,775 1,808 26,864 2,926 156 10,770 106,728 54,969 8,438 7,729 52 10,000

339,993 14,378

393,711 -51,052

364,603 -10,777

354,371

342,659

353,826

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average grade, grades established by the board of directors_____________________________ Average salary, grades established by the board of directors____________ ______________ . Average salary of ungraded positions_________

1. Program, operation.— The Agency will advise the Secretary of State and the President on arms control and disarmament policy and its implementation, will conduct negotiations with other countries looking toward inter­ national agreements to control, reduce or eliminate arms, and will direct U.S. participation in such control systems as may be adopted. The Agency was created on September 26, 1961, under authority of 75 Stat. 631. Prior work had been conducted by the Department of State. 2. Contract research.—-Contracts or grants will be entered into with private or public institutions for the conduct of research, development, and studies in the field of arms control and disarmament. Object Classification (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

11 Personnel compensation:

21 Travel and transportation of persons_____

413 5 7

897 29 11

1,699 52 18

425 31 18

937 66 74 12 2 600 323 3

1,769 126 95 16 3 4,000 482 6 3

11,627 4,247 14,999 17,134

11,661 6,689 18,019 18,926

11,925 5,729 17,280 16,792

4.7

4.7

4.8

26

$7,077 $5,921

$7,367 $5,960

$7,492 $5,962

729

2,017

6,500

68

126 2 89 123 10.5 $9,071

220 4 183 215 9.8 $8,487

$20,509

$20,509

$17,451

$17,341

230

Personnel Summary Total number of permanent positions_________

UNITED STATES ARMS CONTROL AND DISARMAMENT AGENCY

50 68 7.0 $6,410

Current authorizations: A rms

C ontrol

an d

D is a r m a m e n t

A c t iv it ie s

For necessary expenses, n ot otherwise provided for, for arm s control and disarmament activities, including $6,000for official recep­ tion and representation expenses, as authorized D y [ l a w , $1,000,000: Provided, That this paragraph shall be effective only upon the en­ actm ent into law o f S. 2180 or H .R . 9118, E ighty-seventh Congress, or similar legislation] the act o f September 26, 1961 (75 Stat. 631), $6,500,000, to remain available until expended. (Supplemental Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Average salary of grades established by act to establish a U.S. Arms Control and DisarmaAverage salary of grades established by the Director, U.S. Arms Control and DisarmaAverage grade and salary established by the Foreign Service Act of 1946 (22 U.S.C. 801-1158): Average grade: 4.1 3.5 10.0 Average salary: $11,931 $12,659 $6,382

Program by activities:

Financing: Comparative transfers from other account___

499 230

1,417 600

2,500 4,000

729

2,017

6,500

-729

-177

UNITED STATES INFORMATION AGENCY 1,840

Current authorizations: 6,500

New obligational authority: 1,000

6,500

Transferred from “ Salaries and expenses,”

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

840 1,840

6,500

S a l a r ie s a n d E x p e n s e s

For expenses necessary to enable the U nited States Inform ation Agency, as authorized b y Reorganization Plan N o. 8 o f 1953, the Mutual Educational and Cultural Exchange A ct (75 Stat. 527), and the United States Inform ation and Educational Exchange Act, as am ended (22 U .S.C. 1431 et seq.), to carry out international inform ation activities, including em ploym ent, w ithout regard to the civil service and classification laws, o f (1) persons on a tem porary basis (not to exceed $120,000), (2) aliens within the United States,

1963

and (3) aliens abroad for service in the United States relating to the translation or narration of colloquial speech in foreign languages (such aliens to be investigated for such employment in accordance with procedures established by the Secretary of State and the Attorney General); travel expenses of aliens employed abroad for service in the United States and their dependents to and from the United States; salaries, expenses, and allowances of personnel and dependents as authorized by the Foreign Service Act of 1946, as amended (22 U.S.C. 801-1158); entertainment within the United States not to exceed [$500] $3,000; hire of passenger motor vehicles; insurance on official motor vehicles in foreign countries; services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); payment of tort claims, in the manner authorized in the first paragraph of section 2672, as amended, of title 28 of the United States Code when such claims arise in foreign countries; advance of funds notwithstanding section 3648 of the Revised Statutes, as amended; dues for library member­ ship in organizations which issue publications to members only, or to members at a price lower than to others; employment of aliens, by contract, for service abroad; purchase of ice and drinking water abroad; payment of excise taxes on negotiable instruments abroad; cost of transporting to and from a place of storage and the cost of storing the furniture and household and personal effects of an employee of the Foreign Service who is assigned to a post at which he is unable to use his furniture and effects, under such regulations as the Director may prescribe; actual expenses of preparing and transporting to their former homes the remains of persons, not United States Government employees, who may die away from their homes while participating in activities authorized under this appro­ priation; radio activities and acquisition and production of motion pictures and visual materials and purchase or rental of technical equipment and facilities therefor, narration, script-writing, transla­ tion, and engineering services, by contract or otherwise; mainte­ nance, improvement, and repair of properties used for information activities in foreign countries; fuel and utilities for Governmentowned or leased property abroad; rental or lease for periods not exceeding five years of offices, buildings, grounds, and living quarters for officers and employees engaged in informational activities abroad; travel expenses for employees attending official international con­ ferences, without regard to the Standardized Government Travel Regulations and to the rates of per diem allowances in lieu of sub­ sistence expenses under the Travel Expense Act of 1949, but at rates not in excess of comparable allowances approved for such conferences by the Secretary of State; and purchase of objects for presentation to foreign governments, schools, or organizations; [$110,000,000] $125,500,000, of which not less than [$14,000,000] $8,000,000 shall be used to purchase foreign currencies or credits owed to or owned by the Treasury of the United States: Provided, That not to exceed [$110,000] $135,000 may be used for repre­ sentation abroad: Provided further, That this appropriation shall be available for expenses in connection with travel of personnel outside the continental United States, including travel of dependents and transportation of personal effects, household goods, or automobiles of such personnel, when any part of such travel or transportation begins in the current fiscal year pursuant to travel orders issued in that year, notwithstanding the fact that such travel or transporta­ tion may not be completed during the current year: Provided further, That passenger motor vehicles used abroad exclusively for the purposes of this appropriation may be exchanged or sold, pur­ suant to section 201(c) of the Act of June 30, 1949 (40 U.S.C. 481(c)), and the exchange allowances or proceeds of such sales shall be available for replacement of an equal number of such vehicles and the cost, including the exchange allowance of each such replacement, except buses and station wagons, shall not exceed $1,500: Provided further, That, notwithstanding the provisions of section 3679 of the Revised Statutes, as amended (31 U.S.C. 665), the United States Information Agency is authorized, in making contracts for the use of international shortwave radio stations and facilities, to agree on behalf of the United States to indemnify the owners and operators of said radio stations and facilities from such funds as may be hereafter appropriated for the purpose against loss or damage on account of injury to persons or property arising from such use of said radio stations and facilities: Provided further, That existing appointments and assignments to the Foreign Service Reserve for the purposes of foreign information and educational activities which expire during the current fiscal year may be extended for a period of one year in addition to the period of appointment or assignment otherwise authorized. [For an additional amount for “ Salaries and Expenses” , $1,500,000.] (Departments of State and Justice, the Judiciary, and Related Agencies Appropriation Act, 1962; Supplemental Appropria­ tion Act, 1962.)

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Program and Financing (in thousands of dollars) 1961

actual Program by activities: 1. Overseas missions_____________________ 2. Media services: (a) Press and publications service_____ (b) Motion picture service___________ (c) Information center service________ (d) Broadcasting service_____ _____ (e) Television service________________ 3. Research and reference________________ 4. Cooperative programs with private organi­ zations______________________ _____ 5. Program direction-._____ _____________ 6. Administration and staff support________ 7. Administrative support____________ ___

1962

estimate

1963

estimate

40,063

44,332

49,830

8,945 5,565 4,974 18,082 1,402 1,168

9,942 5,996 5,405 20,206 2,043 1,236

10,254 7,163 7,214 23,056 3,783 1,484

575 1,665 6,450 12,393

528 1,795 6,681 12,967

502 1,795 6,928 13,491

Total obligations___________________

101,282

111,131

125,500

Financing: Comparative transfers to other accounts____ Unobligated balance lapsing______________

4,035 13

306 50

New obligational authority____________

105,330

111,487

125,500

105,330

111,500

125,500

New obligational authority: Transfer to “Operating expenses, Public Buildings Service,” General Services Ad­ ministration (75 Stat. 353)_____________ Appropriation (adjusted)______________

-1 3 105,330

111,487

125,500

The United States Information Agency, by means of communication techniques, submits evidence to peoples of other nations that the objectives and policies of the United States are in harmony with and will advance their legitimate aspirations for freedom, progress, and peace. The intention is to encourage foreign peoples to take action consistent with our national objectives. The increase of approximately $14.4 million will pro­ vide for (a) an additional $9 million for overseas program expenses plus related media and other support services to meet increased costs and to allow some ex­ pansion in programs; (b) about $2.1 million for expansion of world-wide television, motion pictures, press and publications, and information center activities; (c) $2.8 million for radio programing and facilities operations; and (d) a net increase of $469 thousand for domestic support activities related to the overall program. 1. Overseas missions.— The program is conducted through 252 posts in 101 countries. The overseas missions carry out country programs designed to present the enduring features of America’s traditions, arts, and culture; and to influence local attitudes and actions in support of U.S. foreign policy. These programs are being expanded in critical areas, especially in Africa and Latin America. Overseas missions prepare materials using local facilities whenever possible, but also utilize materials provided by the media services in Washington. 2. Media services.— These services provide support for overseas country programs. (a) Press and publications service maintains communica­ tions facilities for the transmission of editorial and feature materials for adaptation by oversea missions. It produces two monthly magazines titled “ America Illustrated,” one for distribution in the Soviet Union and

1963

UNITED STATES INFORMATION AGENCY— Con.

Object Classification (in thousands of dollars)—Continued

Current authorizations— Continued S a l a r ie s a n d

E xpen ses

1961

actual

Object Classification (in thousands of dollars) 1961 a c tu a l

1962 estim a te

1963 estim a te

11 Personnel compensation:

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963

estimate

—Continued

one for distribution in Poland; and one bimonthly maga­ zine, Life in America, in Arabic, sold on newsstands throughout the Arab world. The service also operates two regional printing centers and provides oversea missions with printing supplies and equipment. (b) Motion picture service produces and acquires films which are then translated into as many as 57 foreign languages. It adapts films for specific country or area use, and directs the foreign production, use, and distribu­ tion of films. The service also supplies the missions with mobile film units and equipment for showing motion pictures. (c) Information center service supports U.S. operated libraries, reading rooms, and binational centers, providing them with collections of American publications, both in English and in translations, and with English teaching materials. It assists American publishers in distributing selected products overseas and supports the publication of low-priced books for sale abroad. The service also provides exhibits and visual materials to overseas missions for local display and provides books and periodicals for presentation to selected individuals and groups. Signifi­ cant program increases contemplate a buildup of book programs, especially foreign language editions; new information centers in Africa and the Near East; exhibits; and binational centers in Latin America. (d) Broadcasting service in 1963 will produce radio broadcasts in English and in 40 foreign languages, as compared with 38 foreign languages in 1962 and 35 in 1961. Programs originate from the United States and will be broadcast from transmitters at 6 domestic and 9 overseas locations. The service will continue to supply the overseas missions with recorded radio programs and scripts, and with radio supplies and equipment. (e) Television service acquires and produces television programs for placement on outlets overseas. It also pro­ vides guidance to the overseas missions in the production and use of television programs. 3. Research and reference service acquires and prepares reports for use by domestic and oversea establishments in formulating and implementing Agency policies and programs. 4. Cooperative programs with private organizations.— The Agency encourages and coordinates the efforts of private organizations in building an information exchange program between the people of the United States and the people of foreign countries. 6. Administration and staff support includes physical and personnel security functions, legal counsel, central admin­ istrative services, and emergency planning. 7. Administrative support.— Administrative services for the Agency’s overseas operations, and certain special support services at headquarters, are obtained through reimbursable arrangements with the Department of State.

Total personnel compensation_______

1962

estimate

42,645 372 2,046

45,818 357 1,926

49,593 357 2,105

45,063

48,101

52,055

12 21 22 23 24 25 26 31 41 42

4,117 3,605 2,736 4,079 2,022 13,301 13,857 6,148 3,560 2,792 2

4,594 4,268 3,488 4,664 1,963 15,204 14,824 7,022 3,935 3,067 1

5,061 4,787 3,749 5,794 2,091 18,991 15,300 8,626 5,540 3,505 1

101,282

111,131

125,500

9,772 92 9,043 9,432

10,162 89 9,357 9,668

10,678 87 9,847 10,325

9.5 $8,131

9.5 $8,162

9.5 $8,112

4.5 $10,561

4.6 $10,474

4.6 $10,370

6.5 $8,779

6.5 $8,765

6.5 $8,774

$7,522 2,020

$7,527 2,161

$7,481 2,266

Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services _____________________ Services of other agencies_____________ Supplies and materials_________________ Equipment___________________________ Grants, subsidies, and contributions______ Insurance claims and indemnities________ Total obligations____________________

Personnel Summary Total number of permanent positions_________ Full-time equivalent of all other positions_____ Average number of all employees____________ Number of employees at end of year_________ Average grade and salary: Average GS grade_______________________ Average GS salary_______________________ Grades established by the Foreign Service Act of 1946 (22 U.S.C. 801-1158): Foreign Service reserve officer: Average grade________________________ Average salary________________________ Foreign Service staff officer: Average grade________________________ Average salary________________________ Average salary of ungraded positions: United States and possessions_____________ Foreign countries: local rates______________

S a l a r ie s a n d E x p e n s e s

(S p e c ia l F o r e ig n

C urrency

P rogram )

For purchase of foreign currencies which [accrue under title I of the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1704), for the purposes authorized by sections 104(f), 104(i), 104(j), and 104(r) of that Act, to remain available until expended, $9,300,000: Provided, That this appropriation shall not be used for the purchase of currencies available in the Treasury unless such currencies are excess to the normal requirements of the United States] the Treasury Department determines to be excess to the normal requirements of the United States, fo r necessary expenses of the United States Information Agency, as authorized by law, $9,000,000, to remain available until expended. (Departments of State and Justice, the Judiciary, and Related Agencies Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual Program by activities: 1. Oversea missions: (a) Far East_______________________ (b) Near East and South Asia________ (c) Latin America__________________

1962

estimate

1963

estimate

1,691 8,075 361 74 944 74

1,291 8,727 46

(e) East Europe____________________ 2. Media service (broadcasting) ___________

1,464 5,269 102 271 712 61

Total obligations____________________

7,879

11,219

11,120

-3,99 8 -4,78 8

-271 -3,96 6

-2,318

-5 9 3,966

2,318

198

3,000

9,300

9,000

Financing: Comparative transfers from other accounts... Unobligated balance brought forward_______ Adjustment due to change in exchange rates to permit conversion to dollar equivalents.. Unobligated balance carried forward________ New obligational authority (appropriation)

981 75

1963

This appropriation finances local currency expenses of information activities in overseas missions located in 10 countries. Programs are funded with U.S. owned cur­ rencies in excess of the normal requirements of the United States. Object Classification (in thousands of dollars) 1961 a ctu a l

1962 estim a te

1963 estim ate

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________

1,519 6 30

1,796 12 26

1,967 13 32

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment___________________________ Grants, subsidies, and contributions______

1,555 215 186 193 840 928 2,189 435 89 1,249

1,834 223 414 316 991 1,100 3,532 691 206 1,912

2,012 262 396 314 1,039 1,236 4,180 869 224 588

Total obligations____________________

7,879

11,219

11,120

1,420 5 1,334 1,407

1,535 9 1,438 1,510

1,564 9 1,498 1,546

$1,145

$1,274

$1,316

12 21 22 23 24 25 26 31 41

The purpose of this program, heretofore titled Special international program, is to increase mutual understand­ ing between the people of the United States and those of other lands through suitable U.S. exhibitions in inter­ national fairs and other demonstrations of American economic, industrial, scientific, and other cultural attain­ ments. 1. International fairs and exhibitions.— Exhibits are mounted at important international fairs and other strategic locations overseas. In 1961 15 exhibits were mounted. This compares with 13 exhibits in 1962 and 17 in 1963. 2. Labor missions.—-Labor missions are sent to selected international fairs and other exhibitions. There were 6 labor missions in 1961; 6 are provided in 1962; and 11 are requested for 1963. 3. Special-purpose exhibitions.—-In 1961 three exhibits were undertaken, each to be shown in three locations in the Soviet Union, under a U.S.-U.S.S.R. exchange agree­ ment. As these showings are completed during 1962 and 1963, it is proposed to tour the exhibits in other countries of East Europe. Three more exhibits for showing in the Soviet Union are proposed for 1963, as well as a special American exhibit for showing in Berlin.

Personnel Summary Object Classification (in thousands of dollars) Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees____________ Number of employees at end of year_________ Average salary of ungraded positions: Foreign countries: Local rates____________________

1961 a c tu a l

1962 estim a te

1963 estim a te

U N IT E D S T A T E S IN F O R M A T IO N AGENCY

11 Personnel compensation:

S p e c ia l

I n te r n a tio n a l

[P r o g r a m ]

Positions other than permanent________

14

84 5

Total personnel compensation_______

14

21 Travel and transportation of persons_____ 22 Transportation of things_______________ 23 Rent, communications, and utilities______

133 51 4 2 286 24 13 56

89 2 258 254 3

Exhibitions

For expenses necessary to carry out the functions of the United States Information Agency under section 102(a)(8) of the “ Mutual Educational and Cultural Exchange Act of 1961” (75 Stat. 627), $7,600,000, [provisions of the “ International Cultural Exchange

and Trade Fair Participation Act of 1956” $8,000,000] to remain available until expended: Provided, That not to exceed a total of [$30,000] $24,100 may be expended for representation: Provided further, That the unexpended balance of funds heretofore appro­ priated under the heading “ [President’s] Special International Program” fo r expenses of trade fa ir participation, labor missions, and United States Information Agency special exhibits, shall be merged with funds appropriated hereunder and accounted for as one fund. (Departments of State and Justice, the Judiciary, and

836 54 21

150 6 348 278 20 1 753 63 16

583

1,517

1,635

11 Personnel compensation: Permanent positions_________________ Positions other than permanent________ Other personnel compensation_________

903 100 23

1,149 15 42

1,172 15 30

Total personnel compensation_______ Personnel benefits_____________________ Travel and transportation of persons_____ Transportation of things________________ Rent, communications, and utilities______ Printing and reproduction______________ Other services________________________ Supplies and materials_________________ Equipment___________________________

1,026 74 433 330 264 45 1,433 168 77

1,206 86 556 519 359 78 2,162 222 69

1,217 86 551 513 359 88 2,266 224 71

Total, allocation accounts____________

3,850

5,257

5,375

Total obligations____________________

4,433

6,774

7,010

Obligations are distributed as follows: United States Information Agency_________ Department of Commerce________________ Department of Labor____________________

583 3,747 103

1,517 5,125 132

1,635 5,140 235

25 Other services________________________ 26 Supplies and materials_________________ 31 Equipment__________________________ Total, United States Information Agency. A L L O C A T IO N A C C O U N T S

Related Agencies Apppropriation Act, 1962.) N o te .— E stim a tes fo r 1963 e x c lu d e $1 m illion fo r a c tiv itie s tran sferred to “ Salaries an d exp en ses,” business a ctiv itie s , D e p a r tm e n t o f C o m m e r c e an d $4,294 th o u sa n d tran sferred to " M u t u a l e d u ca tio n a l an d cu ltu ra l e x ch an g e a ctiv itie s ,” D e p a rtm e n t o f S ta te. T h e a m ou n ts o b lig a te d in 1961 a n d 1962 are sh o w n in th e sch edu les as co m p a r a tiv e transfers.

Program and Financing (in thousands of dollars) 1961 a ctu a l

Program by activities: 1. International fairs and exhibitions_______

1962 e stim a te

1963 estim ate

3. Special-purpose exhibitions_____________

3,747 103 583

5,125 132 1,517

5,140 235 1,635

Total obligations._____ ____________

4,433

6,774

7,010

Financing: Comparative transfers to other accounts____ Unobligated balance brought forward_______ Recovery of prior year obligations_________ Unobligated balance carried forward________

2,689 -1,192 -141 3,129

3,675 -3,129 -100 780

New obligational authority (appropriation)

8,918

8,000

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

61 84 5

12 21 22 23 24 25 26 31

-780 1,370 7,600

1963

UNITED STATES INFORMATION AGENCY— Con. Current authorizations— Continued S p e c ia l I n t e r n a t io n a l

[P ro g ra m ]

activities carried out under the appropriation immediately above and are used to pay local expenses. Object Classification (in thousands of dollars)

Exhibitions—Continued

1961

Personnel Summary

aotual 1961

actual

1962

estimate

1963

U N IT E D S T A T E S IN F O R M A T IO N AGENCY

3 12

10 12

U N IT E D

estimate

10 18 22 10.1 $8,075

1962

estimate

1963

estimate

S T A T E S IN F O R M A T IO N AGENCY

71 77 Transportation of things________________ 73 25

12 15 10 63

T otal, United States Information Agency__________________________

100

A L L O C A T IO N TO D E P A R T M E N T OF COM M ERCE

A L L O C A T IO N A C C O U N T S

Average GS salary____ _______ ____________ Average salary of ungraded positions: Foreign

122 10 129 134 9.2 $8,026

148 2 142 150 9.6 $8,403

150 2 151 150 9.5 $8,340

$3,404

$3,321

$3,388

71 77, 73 7,4 75 7.6 31

Travel and transportation of persons_____

92 47 214

27 128 117

Supplies and materials_________________ Equipment___________________________

123 116 123 11 390 43 2

439 41 4

199 27 2

Total, Department of Commerce_______

808

837

500

808

837

600

Rent, communications, and utilities______ Printing and reproduction______________

Exhibitions

S p e c ia l I n t e r n a t io n a l [P r o g r a m ] (S p e c ia l F o r e ig n C u r r e n c y P ro g ra m )

For purchase of foreign currencies which [accrue under title I of the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1704), for the purposes authorized by section 104(m) of that Act, to remain available until expended, $250,000, of which not to exceed $1,250 may be expended for representation: Provided, That this appropriation shall be available only to purchase currencies which the Treasury Department shall determine to be excess to normal requirements of the United States] the Treasury Department determines to be excess to the normal requirements o f the United States, for necessary expenses o f the United States Information Agency in connection with special international exhibitions under the Mutual Educational and Cultural Exchange A ct o f 1961 (75 Stat. 527), $400,000, to remain available until expended: Provided, That not to exceed $3,600 may be expended for representation: Provided further, That the unexpended balance of funds heretofore appro­ priated under the heading “ Special [Foreign Currency] Inter­ national Program (Special Foreign Currency Program )" shall be

merged with fuDds appropriated hereunder and accounted for as one fund. (Departments o f State and Justice, the Judiciary, and Related Agencies Appropriation Act, 1962.)

A c q u is it io n a n d

C o n s t r u c t io n

1961

Program and Financing (in thousands of dollars) 1961

1962

estimate

1963

estimate

808

837

500 100

Total obligations_____ ______________

808

837

600

New obligational authority (appropriation)

-601 889

-889 302

-302 102

1,096

250

400

Foreign currencies, excess to the normal requirements of the United States, are available for U.S. participation in international fairs and for other special exhibitions. Currencies purchased with this appropriation supplement

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F a c il it ie s

Related Agencies Appropriation Act, 1962; Supplemental Appropria­ tion Act, 1962.)

actual

Program by activities: 1. International fairs and exhibitions_______

Financing: Comparative transfers from other accounts... Unobligated balance brought forward______ Unobligated balance carried forward________

R a d io

For an additional amount for the purchase, rent, construction, and improvement of facilities for radio transmission and reception, pur­ chase and installation of necessary equipment for radio transmission and reception, without regard to the provisions of the Act of June 30, 1932 (40 U.S.C. 278a), and acquisition of land and interests in land by purchase, lease, rental, or otherwise, [$7,500,000] $11,260,000, to remain available until expended: Provided, That this appropriation shall be available for acquisition of land outside the continental United States without regard to section 355 of the Revised Statutes (40 U.S.C. 255), and title to any land so acquired shall be approved by the Director of the United States Information Agency. [For an additional amount for “ Acquisition and Construction of Radio Facilities” , $3,250,000, to remain available until ex­ pended.] ( Departments o f State and Justice, the Judiciary, and

Program and Financing (in thousands of dollars)

actual

of

Program by activities: 1. Acquisition and construction of facilities... 2. Maintenance and improvement of existing facilities___________________________ 3. Research and development______ ____ _

1962

estimate

1963

estimate

17,135

20,477

6,590

510 163

1,151 428

1,157 503

17,808

22,056

8,250

Financing: Unobligated balance brought forward_______ -20,824 Unobligated balance carried forward_______ 11,756

-11,756 450

-450 3,460

10,750

11,260

Total obligations___________________

New obligational authority (appropria­ tion)____________________________

8,740

These funds, which remain available until expended, will provide for— 1. Acquisition and construction of facilities.— The 1962 program completes major construction costs of the transmitting facility at Greenville, N.C., and the relay

1963

station in Liberia. In addition, construction will begin on the modification of a leased facility in the United Kingdom, housing for personnel in Liberia, a transportable relay station, and the Rhodes relay station. Funds are requested in 1963 for modernization of three existing domestic transmitting facilities. 2. Maintenance and improvement of existing facilities.— Recurring major maintenance and improvements to existing facilities and replacement of worn-out equipment in 1963 will require an increase over the level planned in 1962. 3. Research and development.— Continuing research in engineering development, design of new equipment, and radio propagation techniques are planned with em­ phasis on problems applying to the Voice of America. Object Classification (in thousands of dollars) 1961 a c tu a l U N IT E D

1962 estim a te

1963 e stim a te

S T A T E S IN F O R M A T IO N AGENCY

F o r e ig n

C urrency

Sch edu les

Local Currency Operations, Austria

Analysis of Expenditures (in thousands of dollar equivalents) 1962 estim a te

1961 a ctu a l

Obligated balance brought forward..................

5 -5

1963 estim ate

5 5

A l l o c a t io n s

R e c e iv e d

F rom

O th e b A ccounts

N o te .— O b lig a tio n s in cu rred under allo ca tio n s fro m oth er a c c o u n ts are sh ow n in th e sch edu les o f the paren t a p p ro p ria tio n s , as fo llo w s : “ E d u c a tio n a l fu n d , in terest p a y m e n ts t o the G o v e rn m e n t of I n d ia ,” D ep a rtm en t o f State. " E d u c a tio n a l e x ch an g e fu n d , p a y m e n ts b y F in lan d , W o rld W ar I d e b t ,” D e p a r t ­ m ent o f State. “ A d m in is tra tio n ,” R y u k y u Isla n ds, A rm y .

Public enterprise funds:

22 Transportation of things_______________ 26 Supplies and materials _______________ 32 Land and structures

I n f o r m a t io n a l

______________

Total, United States Information Agency.

17 1,985 100 3,373 12,297

455 1,398 310 6,477 13,272

98 1,339 104 3,055 3,414

17,772

21,912

8,010

I n f o r m a t io n a l

M e d ia

G uarantee

F und

For the “ Informational media guarantee fund” , for partial restoration of realized impairment to the capital used in carrying on the authority to make informational media guarantees, as pro­ vided in section 1011 of the United States Information and Educa­ tional Exchange Act of 1948, as amended (22 U.S.C. 1442), [$1,500,000] $4,300,000. (Departments o f State and Justice, the Judiciary, and Related Agencies Appropriation Act, 1962.)

A L L O C A T IO N

ACCOUNTS

Program and Financing (in thousands of dollars)

-..

1 31 9 -5

1 26 6 111

240

_______

36

144

240

17,808

22,056

8,250

23 Rent, communications, and utilities . 32 Lands and structures.................. . Total, allocation accounts.

Total obligations ................ .......

Obligations are distributed as follows: United States Information Agency. .

._

. ..

_____

General Services Administration....................

17,772 31 5

21,912 26 118

1961 a c tu a l

8,010 240

Program by activities: Operating costs, funded: 1. Purchase of foreign currency................ 2. Interest on Treasury notes: Payment of current interest............ Total operating costs, funded _ __ Change in selected resources 1...... ............. Adjustment in selected resources (guarantees Total obligations..-.

P h il ip p in e - A m e r ic a n

C ultu ral

Financing: New obligational authority (appropriation). .

F o u n d a t io n

Program and Financing (in thousands of dollars) 1961 a ctu a l

1962 estim ate

1963 estim ate

1,366 1,366

These funds are being used to purchase Philippine pesos generated by the informational media guarantee program to be used as a grant to the Philippine-American Cultural Foundation for the construction and equipment of a bi­ national center building at Manila.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Revenues and other receipts: Dollar proceeds from sale of foreign cur­ rency (market) . . ..............

1963 estim a te

6,178

5,489

4,671

561 1,065

641

610

7,804 -929

6,130 -1,695

5,281 1,849

1,122

1,106

655

7,997

5,541

7,785

3,692

1,500

4,300

2,672 88

2,454 65

2,553 93

115

278

2,760

2,634

2,924

747 1,122

324 1,106

23 655

-324

-2 3

-117

7,997

5,541

7,785

Dollar proceeds from interest on foreign

Program by activities: Grant to Philippine-American Cultural Foundation (total obligations) (object Financing: New obligational authority (appropriation)-----

.......................

1962 estim a te

Total revenues and other receipts____ Unobligated balance brought forward (au­ thorization to expend from public debt Recovery of prior year obligations . . Unobligated balance carried forward (au­ thorization to expend from public debt Financing applied to program 1 B alan ces o f selected resou rces c o n d itio n .

are id en tified

on the sta tem en t

of

financial

1963

UNITED STATES INFORMATION AGENCY — Con.

Revenue, Expense, and Retained Earnings (in thousands of dollars)—Continued

P u b lic en terprise fu n d s— C on tin u ed I n f o r m a t io n a l M

e d ia

G

uarantee

F

und

1961 actual

— Continued

Summary of Sources and Application of Funds (in thousands of dollars) 1961 actual

1962 estimate

1963

estimate

Expense: Realized: Cost of foreign currency sold_________ _ Proceeds from sale of foreign currency____

1962 estimate

1963 estimate

3,770 -2,672

3,583 -2,454

3,580 -2,553

1,098

1,129

1,027

1,552 561

1,852 641

2,066 610

3,211

3,622

3,703

724

-125

130

3,935

3,497

3,833

-3,123 -702

-3,442 10

-3,332 -408

-3,825

-3,432

-3,740

-18,567 188

-17,998 -514

-19,940 -504

3,692

1,500

4,300

-17,998 -514

-19,940 -504

-18,972 -912

end of year.......... __ -18,512

-20,444

-19,884

Realized loss from sale of foreign cur-

Program: Issuance of guarantees: Far East_____________________ _______

3,235

1,875

Near East and South Asia..........................

1,088

1,025

East Europe ___......................... ........ .

2,048

2,000

2,475 250 1,250 600 2,600

Total issuance of guarantees__________ Interest on Treasury notes______________ -

6,371 1,626

4,900 641

7,175 610

Obligations (from program and financing)____ Increase ( —) or decrease in gross unpaid obliga­ tions_________ ____________ ______ Adjustment for recovery of prior year obligations ( - ) ------- -------- -----------------------------------Gross expenditures__ _ ___________ Revenues and other receipts (from program and financing) (applicable receipts)____________

7,997

5,541

7,785

372

1,618

-1,818

-1,122

-1,106

-655

7,247

6,053

5,312

2,760

2,634

2,924

Budget expenditures____________ ____

4,487

3,419

2,388

Allowance for unsaleable foreign currency to be transferred to Treasury.... ........ Interest on borrowings from Treasury__ Subtotal, realized losses. _ __ Change in allowance tor unrealized loss on Total expenses__________ Net loss ( —) for the year: Realized Unrealized______ ______ __ ____ ___ Net loss ( —) for the year Analysis of deficit ( —): Deficit ( —), start of year: Realized_______________ Appropriation ror restoration or capital impair­

inis program enaoies ioreign countries, naving a shortage of U.S. dollar exchange, to import American tnrougn regular commercial cnanneis [ z z u.o.u. I 4 4 z j . Under the program, foreign importers make payments to American exporters in foreign currency. The exporters then exchange their foreign currency for dollars through application to the Agency, in accordance with the terms of each exporter’s informational media guarantee contract. Program.— In 1962 more restrictive criteria for the materials to be covered by this program were adopted. Emphasis is placed on educational, scientific and techni­ cal materials. The 1963 estimates provide for the exten­ sion of the program to new countries in Africa, Latin America, East Europe and the Far East where U.S. infor­ mational materials are extremely scarce. Also program levels in most currently active countries will be increased. Financing.— The 1963 appropriation request provides $3.7 million for repayment of Treasury notes and $610 thousand for the payment of interest to the Treasury. This will make possible the issuance of $7.2 million in guarantee contracts, an increase of $2.3 million over the 1962 level, and will reduce impairment to the fund by $968 thousand, leaving an estimated total unrestored impairment of $19 million on June 30, 1963. Of the total borrowing authority of $28 million, $20 million in unpaid notes will be outstanding on June 30, 1963; this represents a net reduction of $1.9 million from the esti­ mated amount outstanding on June 30, 1962. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1962

1961

Revenue: Guarantee fees collected (realized)_________ Interest on foreign currency bank deposits: Realized___ _________________ _______ Change in unrealized revenue.....................

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ment______ _______ - ................ -Deficit ( — ) , end of year: Realized ........... ..................................... Total deficit

( —),

Financial Condition (in thousands of dollars) 1960 actual

Assets: Treasury balance................ ........ Foreign currency obtained from program operations (cost): ____ Purchased__________ Unpurchased 1________ ___ Allowance for difference between cost and market value on: Currency to be retained for sale (—) _________________ Currency to be transferred to Treasury ( —) _________ _ Subtotal____________ _ Foreign currency obtained sis interest on deposits__________ Subtotal, foreign currency, market value_______ Allowance for foreign currency to be transferred to Treasury (at market value) (—)... ......... _ Net foreign currency............

1963

88

65

93

22

115 -115

278 -278

110

65

93

Liabilities: Current liabilities_____________ Deferred interest payable to

1961 actual

1962 estim ate

1963 estim ate

3

3

6

8

3,141 305

4,132 413

4,486 413

3,725 413

-391

-1,019

-894

-1,025

-673

-648

-810

-874

2,382

2,878

3,195

2,239

579

505

390

113

2,961

3,383

3,585

2,352

-744

-904

-1,042

-1,192

2,217

2,479

2,543

1,160

2,220

2,482

2,549

1,168

311

976

1,054

1,023

976

1,054

1,023

1,065 Total liabilities_____ _____

1,376

1963

Financial Condition (in thousands of dollars)—Continued 1960 a ctu a l

Government equity: Interest-bearing capital: Start of year.............. ............_ Borrowings from Treasury, net.

1961

actual

1962 e s tim a te

Object Classification (in thousands of dollars)

19,811 -589

19,222 796

20,018 1,921

21,939 -1,910

19,222

20,018

21,939

20,029

Realized deficit ( —), end of year. -18,567 Unrealized gain or deficit ( —), end of year............................... 188

-17,998

-19,940

-18,972

-514

-504

-912

End of year

........... ......... ._

1961 a c tu a l

1963 e stim a te

Total deficit ( —), end of year

-18,378

-18,512

-20,444

-19,884

Total Government equity__

844

1,506

1,495

145

11 Personnel compensation: Permanent positions............ ................... Other personnel compensation__

1962 estim ate

1963 estim a te

1,537 62

1,478 77

1,478 77

Total personnel compensation. Personnel benefits......... ............................ Travel and transportation of persons___ Transportation of things. ................ Rent, communications, and utilities........... Printing and reproduction................ Other services.................... ........ ............... Services of other agencies....................... 26 Supplies and materials.................... 31 Equipment____ _ _ __________ ______ Undistributed__ . . . _

1,599 287 263 188 42 11 252 944 373 211

1,555 278 260 154 46 12 223 1,174 251 164

1,555 278 254 154 46 12 223 1,174 251 164 886

Total obligations ............................... .

4,170

4,117

4,997

309 0

315 0

313 0

12 21 22 23 24 25

1 T h e ch an ges in these ite m s are re fle cte d on the p ro g ra m an d fina ncing schedule.

Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars) 1960 a c tu a l

1961 a c tu a l

1962 e s tim a te

Average number of all employees. _ ................ Number of employees end of year.................

Contingent liabilities on guarantees 7,710 -1,065 747 2,217

6,673

4,977

6,826

324 2,479

23 2,543

117 1,160

Subtotal................... ............

9,609 -8,765

9,476 -7,970

7,543 -6,048

8,103 -7,958

Total Government equity__

844

1,506

1,495

145

1 T h e changes in these item s are reflected on the p ro gra m an d financing sch edu le.

Object Classification (in thousands of dollars) 1961 a c tu a l

Total obligations....... .......... .................

A dvances an d

1962 estim ate

1963 estim ate

6,371 1.626

4,900 641

7,175 610

7,997

5,541

7,785

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1961 a ctu a l

Program by activities: 1. Overseas missions: (a) Department of State educational exchange program__ __ (b) Miscellaneous services to other accounts........ ................. .......... 2. Media services: (a) Press and publications service_____ (b) Motion picture service__________ (c) Information center service______ (d) Broadcasting service.......................

1962 e stim a te

U.S. STUDY COMMISSION— SOUTHEAST RIVER BASINS Current authorizations: S a l a r ie s

2,494

3,227

158

187

187

217 20 8 17

217 20 8 17

3. Administrative support.................. ........ 4. Miscellaneous services to other accounts...

287 238 75 14 6 549 396

583 591

730 591

Total obligations____ ___________ - . .

4,170

4,117

4,997

Financing: Advances and reimbursements from— Other accounts___ ________ _________ Non-Federal sources______ _________ _

3,869 301

3,959 158

4,839 158

Total financing_____________________

4,170

4,117

4,997

N o te .— R e im b u rsem e n ts fr o m n o n -F e d e ra l sou rces are d e riv e d p rim a rily fro m the fo llo w in g : P ro c e e d s fro m sales o f personal p r o p e r ty ( 6 3 S ta t. 378 ; 64 S tat. 578 ).

and

E xpen ses

For necessary expenses to carry out the provisions of the Act approved August 28, 1958 (72 Stat. 1090), including services as authorized by the Act of August 2, 1946 (5 U.S.C. 55a), $55$,000 to remain available until expended [June 30, 1963, $1,380,000]. (Public Works Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961 actu a l

1962 estim a te

1963 estim a te

Program by activities: Resource development studies (total obliga1,538

1,247

697

Financing: Unobligated balance brought forward............ Unobligated balance carried forward_____ _

-1 2 145

-145

12

New obligational authority (appropriation)

1,550

1,380

552

1963 estim a te

2,447

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Personnel Summary

1963 estim a te

This Commission was created to formulate a compre­ hensive and integrated plan of development for the land and water resources in certain major river basins in the Southeastern part of the country. It is expected that the report of the Commission will be completed, reviewed by affected States and Federal agencies, and submitted to the President, in 1963. Object Classification (in thousands of dollars) 1961

aotual

1962

estimate

1963

estimate

11 Personnel compensation: Permanent positions_______ _________ Other personnel compensation________

420 14

487 14

486 11

Total personnel compensation_______ Personnel benefits______________ ______ Travel and transportation of persons.......... Transportation of things...................... . Rent, communications, and utilities____ -

434 29 23 5 24

501 33 32 4 31

497 33 25 2 23

12 21 22 23

1963

U.S. STUDY COMMISSION— SOUTHEAST RIVER BASINS— Continued

Federal agencies. The Commission will submit its report to the President, and will cease to exist, during 1962. Object Classification (in thousands of dollars)

Current authorizations— Continued Sa l a r ie s a n d

E xpen ses—

Continued

1961

actual

1962

estimate

1963

estimate

Object Classification (in thousands of dollars)—Continued 1962

1961

actual 24 Printing and reproduction........................ 25 Other services: Miscellaneous _ . . __ __ . Federal agencies ....................... ......... Non-Federal agencies............................ 26 Supplies and materials .............. ............ 31 Equipment _ ................ ...... .......... Total obligations.

. .

.

estimate

estimate

1

18

60

2 830 179 9 2

19 502 94 10 3

1 20 25 10 1

1,538

1,247

697

Total personnel compensation__ Personnel b en efits.____ _________ Travel and transportation of persons. Transportation of things___________ Rent, communications, and utilities.. Printing and reproduction_________ Other services___________ ________ Services of other agencies________ 26 Supplies and materials____________

12 21 22 23 24 25

Total obligations.

Personnel Summary Total number of permanent positions............. Average number of all employees ----- ---------Number of employees at end of year----Grades and salaries established by commission: Average GS grade ......................... Average GS salary....................

Personnel compensation: Permanent positions__________ Positions other than permanent. Other personnel compensation-..

1963

53 44 53

56 50 55

55 40 0

10.2 $9,492

10.4 $9,752

10.3 $9,798

U.S. STUDY COMMISSION— TEXAS

373 15 5

267 4 4

393 18 33 23 9 7 711 7

275 9 25 5 20 90 50 80 9

1,201

563

Personnel Summary Total number of permanent positions_______ Full-time equivalent of other positions______ Average number of all employees___________ Number of employees at end of year________ Grades and salaries established by commission Average GS grade_____________________ Average GS salary_____________________

52 1 40 48

47

10.4 $9,610

9.9 $9,268

30 0

Current authorizations: [ S a l a r ie s

and

INDEPENDENT OFFICES— GENERAL PROVISIONS

E xpen ses]

[For necessary expenses to carry out the provisions of title II of the Act approved August 28, 1958, as amended (72 Stat. 1058, 73 Stat. 456) including services as authorized by the Act of August 2, 1946 (5U.S.C. 55a), $540,000-3 (Public Works Appropriation Act, 1962.) Program and Financing (in thousands of dollars) 1961

actual

1962

estimate

1963

estimate

Program by activities: Resource development studies (total obliga1,201 Financing:

563 -124

124 101 New obligational authority (appropriation)

1,325

540

This Commission was created to formulate a compre­ hensive and integrated plan of development for the land and water resources in eight major river basins within the State of Texas. A proposed report was issued in October 1961, for review by the State and interested

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S e c . 102. Where appropriations in this title are expendable for travel expenses of employees and no specific limitation has been placed thereon, the expenditures for such travel expenses may not exceed the amounts set forth therefor in the budget estimates sub­ mitted for the appropriations: Provided, That this section shall not apply to travel performed by uncompensated officials of local boards and appeal boards of the Selective Service System, to travel per­ formed in connection with the investigation of aircraft accidents by the Civil Aeronautics Board, to travel performed directly in connection

with care and treatment o f medical beneficiaries of the Veterans Admin­ istration, or to payments to interagency motor pools where separately

set forth in the budget schedules. S e c . 103. No part of any appropriation contained in this title shall be available to pay the salary of any person filling a position, other than a temporary position, formerly held by an employee who has left to enter the Armed Forces of the United States and has satis­ factorily completed his period of active military or naval service and has within ninety days after his release from such service or from hospitalization continuing after discharge for a period of not more than one year made application for restoration to his former position and has been certified by the Civil Service Commission as still quali­ fied to perform the duties of his former position and has not been restored thereto. S e c . 104. No part of any appropriation made available by the pro­ visions of this title shall be used for the purchase or sale of real estate or for the purpose of establishing new offices outside the District of Columbia: Provided, That this limitation shall not apply to programs which have been approved by the Congress and appro­ priations made therefor. (Independent Offices Appropriation Act, J ~~2.)

1963

GENERAL PROVISIONS S ec . 301. N o part of any appropriation contained in this Act, or of the funds available for expenditure b y any corporation or agency included in this Act, shall be used for publicity or propaganda pur­ poses designed to support or defeat legislation pending before the Congress. Sec . 302. N o part of any appropriation contained in this Act, or of the funds available for expenditure by any corporation or agency included in this A ct, shall be used to pay the compensation of any em ployee engaged in personnel work in excess o f the number that w ould be provided by a ratio o f one such em ployee to one hundred and thirty-five, or a part thereof, full-time, part-time, and inter­ mittent em ployees of the corporation or agency concerned: Provided, That for purposes o f this section employees shall be considered as engaged in personnel work if they spend halftime or more in per­ sonnel administration consisting of direction and administration of

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the personnel program ; employm ent, placement, and separation; job evaluation and classification; em ployee relations and services; wage administration; and processing, recording, and reporting. [ S ec. 303. N o part of any appropriation contained in this Act, or of the funds available for expenditure b y any corporation or agency included in this Act, shall be used for construction o f fallout shelters in Governm ent-owned or leased buildings except where specifically p rov id ed .] [Section 206 of the Independent Offices Appropriation A ct, 1944 (5 U.S.C. 16a), is amended b y inserting “ (a)” after “ Sec . 206.” and b y adding at the end thereof the following new subsection: “ (b) In all cases in which under the Constitution or laws of the United States oaths are authorized or required to be adminis­ tered, such oaths may be administered b y the Vice President of the United States.” ! (Independent Offices Appropriation Act, 1962; Supplemental Appropriation Act, 1962.)

1963

Balance, start o f 1961 U nobligated

Enacted or recommended in this document: Appropriations: Salaries and expenses, International Rail and Highway Commission_______________________________________ Construction of memorials and cemeteries, American Battle Monuments Commission______ _____ ________________ Construction, Central Intelligence Agency____ ___________ Government payment for annuitants. Employees health benefit fund. Civil Service Commission............... ............... Administrative expenses, Farm Credit Administration______ Salaries and expenses, Federal Communications Commission. Franklin Delano Roosevelt Memorial Commission_________ James Madison Memorial Commission. _____ ____________ United States Territorial Expansion Memorial Commission.. Land acquisition. National Capital park, parkway, and play­ ground system, National Capital Planning Commission___ Salaries and expenses, open space study, National Capital region, National Capital Planning Commission_________ Salaries and expenses, National Science Foundation_______ International Geophysical Year, National Science Foundation. Salaries and expenses, Outdoor Recreation Resources Review Commission_______________________________________ Payment to railroad unemployment insurance account, Railroad Retirement Board_________________________ Additions to Natural History Building, Smithsonian Insti­ tution____________________________________________ Remodeling of Civil ^Service Commission Building, Smith­ sonian Institution_____________________ ____ ________ Museum of History and Technology, Smithsonian Institution. Salaries and expenses. United States Information Agency___ Salaries and expenses (special foreign currency program). United States Information Agency_______ ____ ________ Special international exhibitions, United States Information Agency--------. ----------- . . . ------------- -------- -----------------Special international exhibitions (special foreign currency program), United States Information Agency___________ Acquisition and construction of radio facilities, United States Information Agency________________________________ Salaries and expenses, U.S. Study Commission—Southeast River Basins______________________________________ Salaries and expenses, U.S. Study Commission—Texas_____ Other___ ____ ______________________________________ Total, appropriations.

Revolving and management funds: Investigations (revolving fund). Civil Service Commission... Liquidation of certain Reconstruction Finance Corporation assets, Export-Import Bank of Washington_____________ Federal Farm Mortgage Corporation fund, Farm Credit Administration_____________________________________ Short-term credit investment fund. Farm Credit Administra­ tion_____________________________________ _________ Banks for cooperatives investment fund, Farm Credit Admin­ istration__________________________________________ Federal Home Loan Bank Board revolving fund................... Federal Savings and Loan Insurance Corporation fund. Federal Home Loan Bank Board_____________________ Advances and reimbursements. National Science Foundation. Revolving fund, Small Business Administration............ .......

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T otal

U nobligated

U n ob lig a ted

T otal

T otal

106

2,460 6,475

3,568 31,181

2,003 5,074

2,441 11,874

2,393

1,058

1,223 767 141

1,188 1,548

1,347 2,599

1,623 1,187 408

1,623 1,346 1,400

136

463

2,953

1,838

2,872

400

1,913

562 40

105,038 838

1,422 40

138,186 151

2,750

202,553

104

445

68

268

7,000

7,000

183

183

5,507

12,145

7,296

30,587 16,148

6,277

21,254 17,631

4,788

7,581

3,966

1,192

2,637

8,562,726

2,393

63 2,393

1,187

1,346

1,200

9 4

2,291

47,457

T otal

8

1

20,824

Balance, start o f 1964 U n ob lig a ted

48

Authorizations to expend from debt receipts: Export-Import Bank of Washington fund.......................... 3,126,185 Investment in Federal Deposit Insurance Corporation______ 3.000.000 Investment in Federal home loan banks, Federal Home Loan Bank Board_______________________________________ 1.000.000 Federal Savings and Loan Insurance Corporation fund, Fed­ eral Home Loan Bank Board_________________________ 750,000 Saint Lawrence Seaway Development Corporation fund____ 19,488 Power proceeds and revenue bonds, Tennessee Valley Author­ ity fund____________________________________ ____ _ 666,306 Informational media guarantee fund. United States Informa­ tion Agency__________________________________ _____ 747 Total, authorizations to expend from debt receipts____ Contract authorizations: Payments to air carriers. Civil Aero­ nautics Board_______________________________________

Balance, start o f 1963

Balance, start o f 1962

D escription

1,313 25

35 303,553

80

2,523

9,840

1,141

3,435

60 1,178

207 3,210 21,068

741

66

5,339 71 26,568

8,146

2,318

9,946

198

9,446

3,129

4,410

780

3,910

1,370

3,972

889

1,023

302

373

102

173

25,002

11,756

29,803

450

21,553

3,460

13,938

240 229 18,982

12 124

384 303 23,752

145

284

247,850

51,862

285,615

16,517

303,585

10,683

398,047

4,368,800 3.000.000

2,617,149 3.000.000

4,302,100 3.000.000

2,421,764 3.000.000

4,371,800 3.000.000

2,255,265 3.000.000

4,565,700 3.000.000

1.000.000

1.000.000

1.000.000

1.000.000

1.000.000

1.000.000

1.000.000

750.000 21,800

750,000 17,352

750.000 19,400

750,000 14,003

750.000 17,600

750,000 14,334

750.000 17,200

750.000

557,454

700.000

497,092

550.000

441,521

500.000

8,766

324

7,970

23

6,048

117

7,958

9,899,366

7,942,279

9,779,470

7,682,882

9,695,448

7,461,237

9,840,858

20,936

1,717

4,922 3,788

3,771

3,758

2,919

6

6

6

6

347

388

367

405

79,430

79,430

75,520

59,579 -108

59,579 225

323,558 18 229,956

332,775 188 280,686

25,202

7,655

7,319

3,587

3,233

3,534

3,206

75,520

68,020

68,020

61,020

61,020

67,632 33

67,632 134

79,102 -206

79,102 247

89,102 -183

89,102 349

358,644

367,967 34 233,668

596,815

607,288

865,388

877,423

1963

ANALYSIS OF UNEXPENDED BALANCES—Continued [In thousands o f dollars] Balance, start o f 1961

Balance, start o f 1962

Balance, start o f 1963

Description U nobligated

T otal

U nobligated

T otal

U nobligated

T otal

Balance, start o f 1964 Unobligated

T otal

Enacted or recommended in this document—Continued Revolving and management funds—Continued Reconstruction Finance Corporation liquidation fund, Small Advances and reimbursements, Smithsonian Institution____

1,077 9

1,169 20 58,274

932 8

974 20 37,167

154

154 10 103,625

76,125

3,361

3,361

Power program, current appropriation and nonpower pro3,876 Nonpower programs, current appropriation and nonpower proceeds, Tennessee Valley Authority fund - __ _ Total, revolving and management funds...........

-

-

3,486

5,979

14,861 1,614

2,643

16,754 2,281

1,061

14,082 2,569

2,193

15,153 3,656

703,639

836,862

651,379

808,967

759,897

1,052,426

1,112,418

1,429,395

Proposed for separate transmittal: Appropriations: Payment of Philippine war damage claims, Foreign Claims 129

63,000 30

129

63,030

80,000

80,000

34,573

80,000

80,129

97,603

8,539,296 11,139,243

8,584,338 11,773,222

Revolving and management funds: Revolving fund, Small

Total, other independent agencies_________ _____ ___

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

9,313,822 10,989,001

8,645,519 10,875,771

1964

OTHER INDEPENDENT AGENCIES ADVISORY COMMISSION ON INTERGOVERN­ MENTAL RELATIONS

Object Classification (in thousands of dollars)—Continued 1962 actual

G eneral and special fu n d s : S a l a r ie s

and

E xpen ses

For expenses necessary to carry out the provisions of the Act of September 24, 1959 (73 Stat. 703-706), [$375,000] $ 38 5 ,0 00 . ( Treasury-Post Office Departments and Executive Office Appropria­

25 Other services____________________ ______ Services of other agencies______________ 26 Supplies and materials_______ _________ 31 Equipment__ ________________________ Total obligations_____________________

tion Act, 1963.)

68

1963 estimate

1964 estimate

3 15 7

3 15 7

1

1

375

390

385

25 3

26

25

2

2

21

27 40 9.8 $8,731

27 39 9.6 $8,612

13 9 16

Program and Financing (in thousands of dollars) Personnel Summary 1962 actual

1963 estimate

1964 estimate

Program by activities: Advisory Commission on Intergovernmental Relations (program costs, funded) 1_ _ ___ Change in selected resources 2_____________

297 78

468 -7 8

384

Total obligations______ ______________

375

390

385

Financing: Advances and reimbursements from nonFederal sources ( — ) 3 _ _ _ _ ___ New obligational authority (appropriation)

1

-1 5 375

375

Total number of permanent positions......... ....... Full-time equivalent of other positions_______ Average number of all employees_____________ Number of employees at end of year__ _______ Average GS grade _ ____________ ________ Average GS salary__________ _______ _____

39 9.3 $7,653

AMERICAN BATTLE MONUMENTS COMMISSION 385

G eneral an d special fu n d s : 1 In clu des cap ital ou tla y as fo llo w s : 1962, $6 th o u sa n d ; 1963, $1 th o u sa n d ; 1964, $1 th ou san d . 2 Selected resources as of June 30 are as fo llo w s : U n paid u n d eliv ered orders, 1961, $7 th o u s a n d ; 1962, $85 th o u sa n d ; 1963, $7 th o u sa n d ; 1964, $8 th o u sa n d . 3 R eim b u rsem en ts fro m n o n -F e d e ra l sources are d erived fro m e m p lo y e e details ( 5 U .S .C . 2 3 3 2 (c )(2 )).

This appropriation provides for continued attention by the Commission to interrelations of Federal, State, and local governments. Representatives of the Federal, State, and local govern­ ments are brought together for consideration of common problems, and to provide a forum for discussing the administration and coordination of Federal grant and other programs requiring intergovernmental cooperation. Proposed Federal and State legislative and admin­ istrative programs are developed to coordinate taxes at all levels in order to reduce tax overlapping and simplify the tax structure, and to reduce taxpayer-compliance costs and costs of tax administration. Technical assistance is provided in the review of pro­ posed legislation to determine its overall effect in the Federal system, and the most desirable allocations of governmental functions, responsibilities, and revenue among the several levels of government are recommended. Object Classification (in thousands of dollars) 1962 actual

11

1963 estimate

Personnel compensation: Permanent positions___ — ..................... Positions other than permanent------------Other personnel compensation_________

161 29

Total personnel compensation________

12 Personnel benefits___ ___________________ 21 Travel and transportation of persons........ _ 22 Transportation of things 23 Rent, communications, and utilities. .......... 24 Printing and reproduction............. ...............

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1964 estimate

256

259

21 2

22

192 13

279

285

20

21

20

29

23

4 40

5 30

2

4

1 5 25

S a l a r ie s

and

E xpen ses

For necessary expenses, not otherwise provided for, of the American Battle Monuments Commission, including the acquisition of land or interest in land in foreign countries; purchase and repair of uniforms for caretakers of national cemeteries and monuments outside of the United States and its territories and possessions; not to exceed [$80,000] $ 7 0 ,0 0 0 for expenses of travel; rent of office and garage space in foreign countries; purchase (one medium sedan, at not to exceed $ 3,00 0 , for replacement only) and hire of passenger motor vehicles; and insurance of official motor vehicles in foreign countries when required by law of such countries; [$1,523,000] $ 1 ,8 2 0 ,0 0 0 : Provided, That where station allowance has been authorized by the Department of the Army for officers of the Army serving the Army at certain foreign stations, the same allowance shall be authorized for officers of the Armed Forces assigned to the Commission while serving at the same foreign stations, and this appropriation is hereby made available for the payment of such allowance: Provided further, That when traveling on business of the Commission, officers of the Armed Forces serving as members or as secretary of the Commission may be reimbursed for expenses as provided for civilian members of the Commission: Provided further, That the Commission shall reimburse other Government agencies, including the Armed Forces, for salary, pay, and allowances of personnel assigned to it. [ D e d ic a t io n

of

M e m o r ia l s ]

[N ot to exceed $40,000 shall be available until June 30, 1964, from the appropriation to the Commission for “ Salaries and expenses” , for the current fiscal year, for necessary expenses of appropriate dedications of World War II memorials, erected under the authority of the Act of July 25, 1956 (36 U.S.C. 123), including travel and such other expenses as the Commission may deem necessary, and such amount may be expended without regard to such provisions of law, or regulations relating to the expenditure of public funds as the Commission may deem proper (except that this exemption shall not be construed as waiving the requirement for a General Accounting Office audit): Provided, That, when in the discretion of the head of any other Government agency it would be in the public interest, personnel, services, supplies, equipment, and facilities of such agency may be furnished, without reimbursement to the Commis­ sion for the purposes of these dedications.] (36 U .S .C . 1 2 1 -1 3 8b ; Departments of State, Justice, and Commerce, the Judiciary, and Related Agencies Appropriation A ct , 1963.)

815

1964

816

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

AMERICAN BATTLE MONUMENTS COMMIS­ SION— Continued

Object Classification (in thousands of dollars)—Continued 1962 actual

[D e d ic a t io n

o f

M e m o ria ls ]—

23 24 25 26 31

Continued

Program and Financing (in thousands of dollars) 1962 actual

Program by activities: 1. Departmental_________________________ 2. World War I memorials and cemeteries___ 3. World War II memorials and cemeteries__ 4. Latin-American memorials and cemeteries. 5. Dedication of memorials________________

1963 estim ate

90 393 877

1964 estimate

8

52 7 64 128 13

Total costs___________________________ Change in selected resources_________________ Total obligations_____________________

8

1,368 -1 5

1,535

Total obligations________ _____________

1,353

1,533

Financing: Unobligated balance lapsing________________

7

New obligational authority........................

1,360

125 124 15

59 3 190 160 33

1,368 -1 5

1,535

1,820

1,353

1,533

1,820

405 18 423 438

406

405

2

-2

Personnel Summary

1,820

-2 1,820

1,820

1,533

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade___________________________ Average GS salary ___________ _____________ Average salary of ungraded positions__________

1,360

1,523 10

1961

S tores_________________________________ U n p aid u n d elivered ord ers_________

51 73

T o ta l selected resou rces_____

124

1962 adjust­ ments

' -

1962

1963

1964

57 45

50 50

50 50

-7

102

100

100

The American Battle Monuments Commission main­ tains the World War I and World War II American military cemeteries in foreign countries and the memorials in the war areas commemorating the participation of the American Armed Forces. There are 11 memorials and 8 cemeteries, each with a memorial chapel, at World War I sites, and 14 cemeteries and memorials at World War II sites. Interred in these cemeteries are the remains of 124,079 servicemen and women, and an additional 91,419 missing and unidentified are commemorated by the in­ scribing of their names upon the walls of these and other memorials erected by the Commission in the United States and at Honolulu. In addition, the Commission main­ tains the U.S. National Cemetery, Mexico City, Mexico. Each year large numbers of American tourists and local citizens visit the cemeteries and memorials. The Com­ mission is responsible also for the planning and construc­ tion of all military memorials. A supplemental appropri­ ation to cover wage board increases is proposed for sepa­ rate transmittal. Object Classification (in thousands of dollars) 1962 actual

Personnel compensation: Permanent positions.______ ___________ Positions other than permanent________ Other personnel compensation__________

1963 estim ate

21

859 28

70

100

892 153 54 5

987 153

801

1964 estim ate

6.2

6.0 $6,038 $1,705

1962 actual

1963 estimate

66

183 70

9

11

8 50

Financing: New obligational authority (proposed supple­ mental appropriation)___________________

50

Under existing legislation, 1963.—Provides for wage board increases to alien personnel effective Nov. 1, 1962. C o n s t r u c t io n

of

M e m o r ia l s

and

C e m e t e r ie s

Program and Financing (in thousands of dollars) 1963 estim ate

1962 actual

Program by activities: 1. Administration_________________________ 2. Construction: (a) European theater________________ (b) Mediterranean theater____________ (c) Pacific theater___________________ (d) United States____________________

107 252 131 125

2

Total obligations___________________

617

Financing: Unobligated balance brought forward ( —) __ Unobligated balance lapsing_______________

-2 ,0 0 3 1,386

New obligational authority_____________

966 32 113

1,111

1964 estim ate

42

Total program costs, funded—obligations.

Object Classification (in thousands of dollars) 11

Total personnel compensation________ 12 Personnel benefits________ ______________ 21 Travel and transportation of persons______ 22 Transportation of things_________________

426 447 5.9 $6,068 $1,827

$5,831 $1,497

Program by activities: 2. World War I memorials and cemeteries 3. World War II memorials and cemeteries

7

21

427 448

E xpenses

1,820

1 Selected resources as of June 30 are as follow s:

21

Proposed for separate transmittal: S a l a r ie s a n d

New obligational authority: Appropriation_____________________________ Proposed supplemental due to pay increases.

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54

40

Total program costs, funded___________ Change in selected resources 1______________

11

Rent, communications, and utilities_______ Printing and reproduction_______________ Other services__________________________ Supplies and materials___________________ Equipment_____________________________

146 535 1,130 9

124 416 947

1964 estim ate

1963 estim ate

G eneral and special fu n d s— C on tin u ed

Personnel compensation: Permanent positions__________________ Other personnel compensation__________

35 63

Total personnel compensation________

98

1964 estimate

1964

817

OTH ER IN D E P E N D E N T AGENCIES Personnel Summary

Object Classification (in thousands of dollars)—Continued

12 Personnel benefits ___ _________________ 25 Other services _ _ _ 32 Lands and structures____________________

1962

1963

1964

1962

1963

1964

a ctu a l

estim ate

estim ate

a ctu a l

estim ate

estim ate

7 510 617

Total obligations_____________________

5 5 5

Total number of permanent positions_______ _ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade__________________________ Average GS salary__________________________ Average salary of ungraded positions_________

2

6.2 $5,831 $1,497

CENTRAL INTELLIGENCE AGENCY G eneral and special fu n d s : C o n s t r u c t io n

Program and Financing (in thousands of dollars) A n a ly sis o f 1964 fin a n cin g

C o s ts t o th is a p p ro p r ia tio n

T ota l estim a te

Program by activities: 1. Design, specifications, and supervision ________ _______ 2. Construction of building_________ ________ ____ 3. Construction of roads _ ___

T o Jun e

1962

1963

1964

30, 1961

a ctu a l

estim a te

e stim a te

2,949 41,574 8,245

2,298 34,938 8,245

368 5,279

283 1,357

52.768

45.481

5,647 -3 ,5 0 0

1,640 -4 4 5

___________________________________

2,147

1,195

Financing: Unobligated balance brought forward ( —) ------------- ----------------------------------------Unobligated balance carried forward ___ _______________________________ Unobligated balance lapsing____________ _________________ ______ __________

-5 ,0 7 4 2,927

-2 ,9 2 7 1,732

Total program costs, funded__________ _____________ in se le cte d resou rces 1

Change

___

Total obligations

_

New obligational authority_____________

__________________

D e d u c t un­ o b lig a te d b a la n ce , sta rt of year

Add se le cte d resou rces and un­ o b lig a te d b a la n ce, end of year

A p p r o p r i­ a tio n requ ired,

A p p r o p r i­ a tio n re­ qu ired to co m p le te

1964

1,732

1,732

-1 ,7 3 2 1,732

___________

1 S e le cte d resources as o f Jun e 30 are as fo llo w s : U n p aid u n d elivered orders, 1961, $3,945 th o u sa n d ; 1962, $445 th o u s a n d ; 1963, $ 0 ; 1964, $0.

1. Design, specifications, and supervision.—Work in 1963 will complete the project. 2. Construction oj building.—This activity provides for the completion of minor items, including a parking lot under the supervision of the Bureau of Public Roads.

Object Classification (in thousands of dollars)—Continued 1962

1963

1964

a ctu a l

e stim ate

estim ate

A L L O C A T I O N A C C O U N T S — C o n tin u e d

32 Lands and structures_________ __________

1,679

755

Total, allocation accounts_____________

1,894

995

Total obligations____

2,147

1,195

253

200

101

56 939

Object Classification (in thousands of dollars)

CENTRAL

25 31

IN T E L L IG E N C E

1963

1964

a ctu a l

e stim a te

e stim a te

Total, Central Intelligence Agency.

23 230

100 100

253

200

Total personnel compensation. 24 Printing and reproduction________ 25 Other services............ ...................... Services of other agencies............ 26 Supplies and materials_____ ______

1,793

Personnel Summary

Personnel compensation: Permanent positions_____________ Other personnel compensation____

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Obligations are distributed as follows: Central Intelligence Agency_______ Commerce, Bureau of Public Roads. General Services Administration___

ACCOUNTS

650100— 63-------52

____ __________

AGENCY

Other services_________________________ Equipment____________________________

A L L O C A T IO N

1962

A L L O C A T IO N

3

7

2

2

209

214

1

6

11

ACCOUNTS

Total number of permanent positions. __ Average number of all employees__ . . . Number of employees at end of year__ Average GS grade. ______ ____________ Average GS salary___________________

2 2

1 0

12.0

12.0

$8,965

$9,790

1964

818

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

CIVIL AERONAUTICS BOARD G eneral and special fu n d s : S a l a r ie s

and

E xpen ses

For necessary expenses of the Civil Aeronautics Board, including employment of temporary guards on a contract or fee basis; not to exceed $1,000 for official reception and representation expenses; hire, operation, maintenance, and repair of aircraft; hire of passenger motor vehicles; and services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), at rates for individuals not to exceed $100 per diem; [$9,150,000] $ 1 0 ,8 0 0 ,0 0 0 . (49 U .S .C . 1 3 0 1 -1 8 2 5 , 1 3 7 1 -1 3 8 6 , 1422, 1429, 1 4 4 1 -1 5 1 0 , 1 5 8 1 -1 5 4 2 ; 15 U .S .C . 2 1 ; 71 Stat. 6 2 9 ; Independent Offices Appropriation A ct , 1963.)

Program and Financing (in thousands of dollars) 1962 actual

Program by activities: 1. Economic regulation____________________ 2. Safety activities________________________ 3. Board adjudication, executive and legal staff activities_______________________ 4. Administrative services activities________

1963 estim ate

1964 estim ate

4,639 1,959

5,056 2,395

5,655 3,049

1,184 706

1,291 758

1,346 800

Total program costs, funded 1_________ Change in selected resources 2______________

8,488 -5

9,500

10,850

Total obligations______________________

8,483

9,500

10,850

Financing: Reimbursements for emergency preparedness functions ( —) __________________________ Unobligated balance lapsing __________

404

New obligational authority_____________

8,887

New obligational authority: Appropriation____________________________ Transferred to ( —) — “ Operating expenses, Public Buildings Service,” General Services Administra­ tion (75 Stat. 353 and 76 Stat. 728)____ “ Salaries and expenses, general adminis­ tration,” Department of Commerce (76 Stat. 936) Appropriation (adjusted)______________ Proposed supplemental due to pay in­ creases _ __ _ ______ ______

2. Safety activities consist of investigating and determin­ ing the probable cause of civil aircraft accidents, investi­ gating potential hazards, and recommending preventive measures to avoid future accidents. 3. Board adjudication, executive, and legal staff activities include adjudication of cases, program planning, and top policy and decision making functions of the Board; legal advice and assistance on economic, regulatory, and safety activities; preparation of opinions; and the handling of litigation. SELECTED

W ORKLOAD

DATA

19 62 actual

Route and related matter applications: Formal hearing cases processed______ Applications completed without hearing. Final subsidy rates issued______________ Commercial rate cases and matters processed___________________________ Examiner decisions issued: Economic hearing cases______________ Safety appeal cases__________________ Major international air agreements, con­ sultations, and negotiations___________ Field audits____________ _____________ Economic enforcement: Passenger and shipper complaints re­ ceived____________________________ Enforcement actions completed_______ Accident investigations and determination of probable cause____________________

19 63 estimate

19 6 4 estimate

75 173 28

95 190 35

101

1,166

1,479

1,493

73 69

78 75

78 75

247 129

290 194

332 204

1,555 588

1,780 570

1,840 590

6,237

5,960

6,930

190 32

Object Classification (in thousands of dollars) -5 0

9,500

11

10,800

9,125 375

1 In clu des cap ital ou tla y as fo llo w s : 1962, $113 th o u s a n d ; 1963, $81 th o u s a n d ; 1964, $86 th ou san d . 2 S elected resources as o f June 30 are as fo llo w s : 1961

1 9 62 adju stments

Personnel compensation: Permanent positions__________________ Positions other than permanent________ Other personnel compensation. _________

7,616

6

11

58

65

139

Total personnel compensation________ Personnel benefits____ __________________ Travel and transportation of persons_____ Transportation of things_________________ Rent, communications, and utilities______ Printing and reproduction_______________ Other services___ ______________________ Services of other agencies______________ 26 Supplies and materials________ _________ 31 Equipment___________ _______________ 42 Insurance claims and indemnities____ __

6,684 490 481 18 204 115 149 138

7,692 562 598 24 248 65

8,720 636 713 24 262 80 78 130 106

Total c o s ts ._______________ _______ Change in selected resources_________________

8,488 -5

9,500

10,850

8,483

9,500

10,850

12 21 22 23 24 25

-2 2 8,887

1964 estimate

6,620

10,800

-3

-1 3

1963 estim ate

10,800

9,150

8,900

1962 actual

Total obligations______________________ 1 9 62

1 9 63

19 64

Stores_________________________________________ U n paid u n d elivered o rd e rs _________________

3 174

------3

3 172

3 172

3 172

T o ta l selected r e s o u rce s_____________

177

3

175

175

175

88 121 1

68 83 96 63

8,580

102

Personnel Summary

The Board regulates economic aspects of domestic and Total number of permanent positions________ 943 873 878 2 1 international air carrier operations; investigates aircraft Full-time equivalent of other positions. ________ 790 856 900 Average number of all employees_____________ accidents; participates in the development of international Number 857 925 836 of employees at end of year__________ air transportation; and participates in the development of Average GS grade___________________________ 9.8 9.9 10.1 safety rules and standards. The increase proposed for Average GS salary_______________________ __ $8,395 $9,158 $9,405 1964 is for expansion in certain critical program areas, primarily in the routes, rates, and safety areas. 1. Economic regulation includes granting certificates of public convenience and necessity, prescribing or approving P a y m e n t s t o A ir C a r r ie r s ( L iq u id a t io n o f C o n t r a c t rates and rate practices of air carriers, preventing unfair A u t h o r iz a t io n ) competition, approving business relationships between air carriers, and adjudicating complaints of alleged For payments to air carriers of so much of the compensation fixed and determined by the Civil Aeronautics Board under section 406 violations of civil air regulations.

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1964

819

OTHER IN D E P E N D E N T AGENCIES

of the Federal Aviation Act of 1958 (49 U.S.C. 1376), as is payable by the Board, [$79,564,000] $ 8 3 ,7 7 5 ,0 0 0 , of which not to exceed [$5,000,000] $ 5 ,7 7 5 ,0 0 0 shall be available for subsidy for helicopter operations during the current fiscal year, to remain available until expended. (39 U .S .C . 4 8 8 (a ); 49 U .S .C . 4 0 2 ; Independent Offices

C A R R IE R N onsu bsidized

U N IT S

S u bsi dized

Appropriation Act, 1963.)

Program and Financing (in thousands of dollars) 1962 actual

Program by activities: 1. Domestic operations___ 2. Local service operations. 3. Helicopter operations___ 4. Alaskan operations_____ 5. Hawaiian operations____ Total program costs, funded—obliga­ tions (object class 41)......... ...............

1963 estim ate

1964 estim ate

67,545 6,042 9,055 826

80 69,287 5,378 9,120 1,546

67,307 5,775 9,211 900

83,469

85,411

83,193

Domestic: Domestic trunklines______ Local service operations__ Helicopter operations_____

Alaskan operations____ ______ 1 Hawaiian operations......................... International operations.......... 17

Proposed for separate transmittal: Paym ents

Financing: New obligational authority (contract authori­ zation) (72 Stat. 731).............. ..... ............

83,469

85,411

13 3

to

A ir

C a r r ie r s ( L iq u id a t io n A u t h o r iz a t io n )

Appropriation to liquidate contract authorization___ ___________________

1962 actual

1,717 83,469

6,287 85,411

7,852 83,193

-6 4 9

-8 0 4

-6 ,2 8 7

-3 ,4 7 8 -7 ,8 5 2

" —7~270

78,250

79,564

83,775

1 A d ju stm e n t o f o b lig a tio n s o f prior years.

The Board fixes airmail transportation rates to promote the development of air transportation required for com­ merce, the postal service, and national defense. Many of these rates include an element of subsidy, which is paid by the Civil Aeronautics Board. The service portion is paid by the Post Office Department. The following table reflects the estimated amounts becoming due finally for each year, together with the adjustments between years: E S T IM A T E D

S U B S ID Y

E A R N IN G S A N D O B L IG A T IO N S A P P R O P R IA T IO N S

RELATED

19 62 actual

1 9 63 estimate

1 9 64 estimate

0

0

69,192 5,000 8,985

1,000 0

1,000 0

66,192 5,775 9,211 900

Total earnings__________________ 81,493 Earnings in prior years recorded within the year_______ _________ _________ 2,387 Reduction of earnings recorded in prior years_____________________________ -6 4 9 Earnings of the year recorded in later years_____________________________

84,177

82,078

1,234

1,115

-8 0 4

0

0

0

82,820

84,608

83,193

o I

0

0

The following analysis shows the subsidy outlook for 1964 under final Board actions:

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1963 estim ate

3,478

Financing: Proposed supplemental appropriation to liqui­ date contract authorization_______________

3,478

1964 estim ate

Under existing legislation, 1963.—A supplemental appro­ priation will be requested to pay subsidies due to air carriers. In tragovern m en tal fu n d s : A dvances

and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

Program by activities: 1. Economic regulation_____________ _ _ _ 2. Safety activities________________ ______

3 13

14

Total program costs, funded—obliga­ tions ___ __ __________ _ _ _

17

14

Financing: Advances and reimbursements from other ac­ counts_______________________ _ _______

17

14

TO

65,725 5,780 8,988

Total obligations (less recoveries) .

C ontract

Program by activities: Unfunded balance transferred from “ Pay­ ments to air carriers” (contract authoriza­ tion) __ _________________ __ ________

[In th ou san d s o f dollars]

Estimated subsidy earnings under final Board action: Domestic trunklines_________________ Local service operations_____________ Helicopter operations________________ Alaskan operations__________________ Hawaiian operations_________________ International operations______________

of

Program and Financing (in thousands of dollars)

83,193

Status of Unfunded Contract Authorization (in thousands of dollars) Unfunded balance brought forward.................... Contract authorization______________________ Administrative cancellation of contract authori­ zation ( —J1______________________________ Unfunded balance transferred to Proposed for separate transmittal ( —) __________________ Unfunded balance carried forward ( —) _______

All domestic trunklines are in non­ subsidized status. Subsidy need for local service operations has increased as a result of certifica­ tion of additional routes and acquisition of new equipment. Subsidy will continue to support k helicopter operations. Subsidy will continue to support routes between continental United States and Alaska and to remote localities. Subsidy will be required to support Hawaiian operations. Inter­ national operations are in non„ subsidized status.

Object Classification (in thousands of dollars) 11

Personnel compensation: Positions other than permanent __________ ______ 12 Personnel benefits __________ 21 Travel and transportation of persons ___ Total obligations_____________________ Personnel Summary Total number of permanent positions. Average number of all employees___ Number of employees at end of year. Average GS grade_________________ Average GS salary_________________

14

13

1 1

1

17

14

1964 estim ate

1964

820

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

CIVIL SERVICE COMMISSION G eneral an d special fu n d s : S a l a r ie s

an d

E xpen ses

For necessary expenses, including services as authorized b y section 15 of the Act of August 2, 1946 (5 U.S.C. 55a); not to exceed $10,000 for medical examinations performed for veterans b y private physi­ cians on a fee basis; payment in advance for library membership in societies whose publications are available to members only or to members at a price lower than to the general public; not to exceed $83,000 for performing the duties imposed upon the Commission by the Act of July 19, 1940 (54 Stat. 767); reimbursement of the Gen­ eral Services Administration for security guard services for protec­ tion of confidential files; and not to exceed $5,000 for actuarial services by contract, without regard to section 3709, Revised Statutes, as amended; [$21,349,000] $22 ,1 8 0,00 0'. Provided, That no part of this appropriation shall be available for the Career Execu­ tive Board established by Executive Order 10758 of March 4, 1958, as amended. No part of the appropriations herein made to the Civil Service Commission shall be available for the salaries and expenses of the Legal Examining Unit in the Examining and Personnel Utilization Division of the Commission, established pursuant to Executive Order 9358 of July 1, 1943. (5 U .S .C . 2 2 - 1 , 7 8 b -8 , 150, 6 8 1 -6 4 2 , 6 4 5 o -6 4 5 e, 6 52, 8 5 1 -8 6 9 , 9 0 1 -9 5 8 , 1010, 1 0 5 1 -1 0 5 2 , 1 0 7 1 -1 1 8 8 , 1 1 5 1 , 1 1 6 2 , 2 0 0 1 -2 0 0 7 , 2 0 6 1 -2 0 6 6 , 2 1 2 1 -2 1 2 8 , 2 2 5 1 -2 2 6 7 , 2 2 8 1 2 2 8 8 , 2 3 0 1 -2 3 1 9 ; 2 8 U .S .C . 2 6 7 1 -2 6 8 0 ; 89 U .S .C . 8 3 1 1 , 3 81 2 , 3 31 5 , 3 5 0 2 ; 4 0 U .S .C . 42, 4 9 1 ; 5 0 A U .S .C . 4 5 9 , 2 1 6 0 ; 6 5 Stat. 7 5 7 ; 66 Stat. 1 2 2 ; 6 8 Stat. 1 1 1 5 ; 70 Stat. 7 2 1 ; Executive Orders 9 83 0 , Feb. 2 4, 1 9 4 7 ; 1 0 0 0 0 , Sept. 16, 1 9 4 8 ; 1 02 4 2 , M a y 18, 1 9 5 1 ; 10422, Jan. 9, 1 9 5 3 ; 104 5 0, A p r . 27, 1 9 5 3 ; 1 0 5 3 0 , M a y 10, 1 9 5 4 ; 105 4 0, June 29, 1 9 5 4 ; 1 0 5 5 2 , A u g . 10, 1 9 5 4 ; 1 05 5 6, Sept. 1, 1 9 5 4 ; 1 0590, Jan. 18, 1 9 5 5 ; 1 06 4 7, N ov. 28, 1 9 5 5 ; 1 0 7 7 4 f J u ly 2 5, 1 9 5 8 ; 108 2 6, June 25, 1 9 5 9 ; 1 0 8 6 9 , M a r. 9 , 1 9 6 0 ; 1 08 8 0 , June 7, 1 9 6 0 ; 1 0 9 0 3 , Jan. 9 ,1 9 6 1 ; 1 09 7 8, N ov. 8, 1 9 6 1 ; 1 09 8 7, Jan. 17, 1 9 6 2 ; 1 0 9 8 8 , Jan. 17, 1 9 6 2 ; Independent Offices Appropriation A ct, 1963.)

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

Program by activities: 1. Recruiting and examining..................... . 2. Investigation of character and fitness for employment_________________________ 3. Inspections and classification audits______ 4. Administration of the retirement systems. _ 5. Developing programs and standards______ 6 . Appellate functions...............................___ 7. Executive and administrative services____

6,528

6,740

6,748

3.747 2,772 2,833 1.748 1,051 2,428

3,552 3,047 3,253 1,809 1,142 2,546

3,510 3,155 3,209 1,859 1,182 2,548

Total program costs, funded___________ Change in selected resources 1______ ________

21,107 227

22,089 -1 6 6

22,211

Total obligations------ ------------ --------------

21,334

21,923

22,180

-3 1

the office of the Commission and its boards of examiners, made up of agency personnel operating under the super­ vision of the Commission. Appointments through such competitive examinations will accord career or careerconditional status. Physically handicapped persons are given special placement attention. Veterans are aided in securing the benefits to which they are entitled. P R O D U C T IO N

COUNT

1 9 62 actual

10

New obligational authority_____________

21,344

21,923

22,180

3,300 5,900

2,800 5,000

Total........... ................................

10,278

9,200

7,800

Applications processed by— The Commission....... ......... .............. Boards of examiners..........................

488,342 1,585,052

484,500 1,602,000

493,800 1,604,600

Total............................................

2,073,394

2,086,500

2,098,400

2. Investigation of character andfitness for employment.— The Commission conducts most of the investigations re­ quired for security determinations of persons being em­ ployed in sensitive positions, and fitness investigations of all persons entering nonsensitive positions. The Com­ mission also conducts other investigations connected with appeals and the merit system. P R O D U C T IO N

21,349

21,349

22,180

COUNT

19 62 actual

National agency check and inquiry cases. _ 306,653 4,577 Suitability cases______________________ Other personnel investigations__________ 5,044

19 63 estimate

19 64 estimate

309,400 4,000 5,890

309,400 4,000 4,700

3. Inspections and classification audits.—The Com­ mission inspects agency personnel operations to insure compliance with civil service laws and regulations and to stimulate improvement in personnel practices. The Com­ mission also conducts classification reviews to insure compliance with classification standards and promotes interagency training programs for Federal employees. 4. Administration of the retirement systems.—Adminis­ tering the Civil Service Retirement Act and other benefit acts involves adjudicating annuity, death, benefit, refund, and deposit claims as well as maintaining the control accounts for the fund and making payments to annuitants and other claimants.

Annuity and death claims------- -------------Refund claims_________________________ Claims for deposit_____________________

Inquiries_______________ ______ _____ New obligational authority: Appropriation____________________________ Transferred to “ Operating expenses, Public Buildings Service," General Services Ad­ ministration (75 Stat. 353, and 76 Stat. 728) ( - ) _______ __________ ____________

1 9 6 4 estimate

3,968 6,310

P R O D U C T IO N

Financing: Unobligated balance lapsing________ _______

1 9 63 estimate

Examinations announced by— The Commission_________________ Boards of examiners_________ _____

COUNT

1 9 6 2 actual

1 9 6 3 estimate

1 9 6 4 estimate

95,231 143,960 26,256 239,235

100,300 146,492 24,400 240,800

95,500 145,400 23,100 236,700

5. Developing programs and standards.—The Commis­ sion develops programs, devises tests, issues standards and regulations, and proposes legislation to improve the -5 -2 0 Federal personnel system for both competitive and non­ competitive positions. Appropriation (adjusted)............. ............. 21,344 22,180 21,329 6. Appellate functions.—These consist of hearing and Proposed supplemental due to pay in­ taking action on appeals; administering the political creases_______ *___________________ 594 activities statutes; and providing advice to agencies and individuals regarding rights of appeal. The estimate 1 S elected resources as o f June 30 are as fo llo w s : U npaid u n d eliv ered orders, 1961. $162 th ou sa n d (1 9 6 2 a d ju s t m e n t s — $24 t h o u s a n d ); 1962, $365 t h o u s a n d ; provides for the new workload of appeals from non­ 1963, $199 th o u sa n d ; 1964, $168 th o u sa n d . veterans resulting from the provisions of Executive Order 1. Recruiting and examining.—Most appointments in 10988 of January 17, 1962. A supplemental appropriation for 1963 is anticipated the competitive civil service are made under the open competitive merit system through examinations held by for separate transmittal.

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1964

821

OTHER IN D E P E N D E N T AGENCIES Object Classification (in thousands of dollars) 1962 actual

1963 estim ate

1964 estimate

11 Personnel compensation: Permanent positions___ _ ___ _ _ ____ Positions other than permanent. Other personnel compensation.. ______

16,555 127 348

17,568 123

17,761

102

157

Total personnel compensation __ __

17,030 1,253 511 142 842 533 142 288 257 336

17,793 1,325 548 143 881 507 87 217 257 165

18,018 1,333 548 147 960 497 87

21,334

21,923

22,180

_

12 Personnel benefits___ __ __ _ __ __ 21 Travel and transportation of persons. _ _ 22 Transportation of things __ 23 Rent, communications, and utilities _ _ _ 24 Printing and reproduction _____ _ _ 25 Other services____ __ Services of other agencies _ __________ ____ 26 Supplies and materials ___ __ _ _ __ 31 Equipment., _ _ _ _ _ Total obligations. _

_

__

100

221

to and from and at the place where their services are to be per­ formed: Provided further, That nothing in sections 281 or 283 of title 18, United States Code, or in section 190 of the Revised Stat­ utes (5 U.S.C. 99) shall be deemed to apply to any person because of appointment for part-time or intermittent service as a member of the International Organizations Employees Loyalty Board in the Civil Service Commission as established by Executive Order 10422, dated January 9, 1953, as amended. {Independent Offices A p p ro ­ priation A c t , 1963.) Program and Financing (in thousands of dollars) 1962 actual

2,987 25 2,508 2,537 7.2 $6,625

2,730 23 2,542 2,560 7.2 $7,067

441 -1 6

452

615 55

Total obligations_____________________

425

452

670

257

112

2,653 18 2,494 2,536 7.2 $7,088

Proposed for separate transmittal: S a l a r ie s a n d E x p e n s e s

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

Program by activities: Replacements of substandard furniture and miscellaneous equipment (costs—obliga­ __ tions) __ . -- _ . _ __

496

Financing: New obligational authority (proposed supple­ mental appropriation) __ _____________

496

1964 estim ate

Program by activities: Investigations (program costs, funded)_____ Change in selected resources 1______________

Financing: Unobligated balance lapsing_____________

_

5

New obligational authority_____________

430

452

670

New obligational authority: ________ Appropriation__________________ Proposed supplemental due to pay increases

430

430

670

Personnel Summary Total number of permanent positions-. Full-time equivalent of other positions. __ _ Average number of all em ployees.__ ____ Number of employees at end of year ___ Average GS grade ___ _ _ _ _ _ _ Average GS salary__ _____ _ _ _________

1963 estim ate

1964 estimate

22

1 S elected resources as of June 30 are as fo llo w s : U npaid u n d elivered orders, 1961, $101 th o u sa n d ; 1962, $85 th o u sa n d ; 1963, $85 th o u sa n d ; 1964, $140 th ou san d .

Investigations.—This appropriation is used primarily to pay the Civil Service Commission and Federal Bureau of Investigation for conducting investigations of U.S. citizens considered for employment in international organizations of which the U.S. Government is a member. The reports of these investigations are forwarded to the International Organizations Employees Loyalty Board of the Civil Service Commission which makes advisory determina­ tions under the loyalty standard. The advisory determi­ nations are transmitted, through the Secretary of State, to the Secretary General of the United Nations, or the executive heads of other international organizations. A supplemental appropriation for 1963 is anticipated for separate transmittal. Object Classification (in thousands of dollars)

Under existing legislation, 1963.—A supplemental esti­ mate for 1963 is required to provide for replacement of substandard office furniture and miscellaneous equipment in connection with move into new building (FOB No. 9) in Washington, D.C. I n v e s t ig a t io n o f U n it e d S t a t e s C it iz e n s f o r E m p l o y m e n t b y I n t e r n a t io n a l O r g a n iz a t io n s

For expenses necessary to carry out the provisions of Executive Order No. 10422 of January 9, 1953, as amended, prescribing pro­ cedures for making available to the Secretary General of the United Nations, and the executive heads of other international organiza­ tions, certain information concerning United States citizens em­ ployed, or being considered for employment by such organizations, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), [$430,000] $ 6 7 0 ,0 0 0 : Provided, That this ap­ propriation shall be available for advances or reimbursements to the applicable appropriations or funds of the Civil Service Commission and the Federal Bureau of Investigation for expenses incurred by such agencies under said Executive order: Provided further, That members of the International Organizations Employees Loyalty Board may be paid actual transportation expenses, and per diem in lieu of subsistence authorized by the Travel Expense Act of 1949, as amended, while traveling on official business away from their homes or regular places of business, including periods while en route

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1962 actual

11

Personnel compensation: Permanent positions__________________ Positions other than permanent__ __ _

Total personnel compensation___ ____ 12 Personnel benefits------- ----- --------------21 Travel and transportation of persons-------25 Other services ---- -------------._ _ Services of Civil Service Commission Bureau of Personnel Investigations. __ Services of Federal Bureau of Investi­ gation----- -------------------------.__ Total obligations_____________ ____

1963 estim ate

43

1964 estim ate

22

27

22 2

12 55 4 3

1

1

27 3 4 I

316

371

559

46

52

76

425

452

670

5

2

3

2 2

3 3 7.2 $7,088

4

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions..______ Average number of all employees_____ _____ Number of employees at end of y e a r _________ Average GS grade__________ _ _. ___ ____ _____ Average GS salary__________________

1 6 9 7.2 $6,625

7.2 $7,067

1964

822

A P P E N D IX TO TH E BUDG ET FOR FISCAL Y E A R 1964

of the Act of August

2, 1946 Appropriation Act, 1968.)

CIVIL SERVICE COMMISSION— Continued G eneral an d special fu n d s— C on tin u ed

(5 U.S.C. 55a).

(Independent

Offices

Program and Financing (in thousands of dollars)

Proposed for separate transmittal: I n v e s t ig a t io n

U n it e d States b y I n t e r n a t io n a l

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

Program by activities: Investigations (costs—obligations)_________

178

Financing: New obligational authority (proposed supple­ mental appropriation)___________________

178

1964 estim ate

Under existing legislation, 1963.—A supplemental esti­ mate for 1963 is required to meet investigations backlogs carried over from 1962 and increased receipts during 1963. A n n u it ie s

U nder

S p e c ia l

A cts

For payment of annuities authorized by the Act of May 29, 1944, as amended (48 U.S.C. 1373a), and the Act of August 19, 1950, as amended (33 U.S.C. 771-775), [$2,000,000] $ 1 ,8 8 8 ,0 0 0 . (Inde­ pendent Offices Appropriation Act, 1963.)

Program and Financing (in thousands of dollars) 1962 actual

Program by activities: 1. To employees engaged in construction of the Panama Canal___________________ 2. To widows of former employees of the Lighthouse Service_____ ________ Total program costs, funded—obligations (object class 13) ______ _ _______ Financing: Unobligated balance lapsing

_

1964 estim ate

1,623

1,594

1,480

399

406

408

2,022

2,000

1,888

G overnm ent

Paym ent

2,248

2,000

June 30 , 19 63

J u n e 3 0 . 1964

1,770 430

1,624 433

1,469 431

E m ployees

H ealth

For payment to the “ Employees health benefits fund” of Govern­ ment contributions with respect to annuitants, as authorized by sec­ tion 7 of the Federal Employees Health Benefits Act (73 Stat. 713), [$4,200,000] $ 9 ,5 3 0 ,0 0 0 , to remain available until expended: Provided, That not to exceed [$1,074,000] $ 1 ,1 5 7 ,0 0 0 of the funds in the “ Employees health benefits fund” shall be available for reimbursement to the Civil Service Commission for administrative expenses incurred by the Commission during the current fiscal year in the administration of the Federal Employees Health Benefits Act of 1959 (73 Stat. 713) including services as authorized by section 15

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1,623

New obligational authority (appropriation)

4,500

9,530

5,823

-1 ,6 2 3

9,530

4,200

This appropriation is used to cover the Government’s share of the cost of health insurance for certain annuitants as defined in the Federal Employees Health Benefits Act of 1959 (Public Law 86-382, 73 Stat. 713). It is estimated that 158 thousand eligible employee and survivor annuitants will participate in this program by the end of 1964. The use of these funds is reflected in the schedule for the Employees health benefits fund. A supplemental appro­ priation for 1963 is anticipated for separate transmittal. Proposed for separate transmittal: P aym ent

for A n n u it a n t s , B e n e f it s F u n d

E m ployees

H ealth

Program and Financing (in thousands of dollars) 1964 estim ate

1963 estim ate

Program by activities: Government contributions for annuitants’ benefits (costs—obligations)_____________

977

Financing: New obligational authority (proposed supple­ mental appropriation)____ _______________

977

1,888

Jun e 3 0 , 1962

A n n u it a n t s , B e n e f it s F u n d for

Financing: Unobligated balance brought forward ( —) Unobligated balance carried forward________

226

Annuities are paid to persons who were employed on the construction of the Panama Canal, or to their widows; and benefits are paid to widows of former employees of the Lighthouse Service. Panama Canal annuitants_________ Lighthouse Service widows________

2,877

1962 actual

__ _____

New obligational authority (appropriation)

Program by activities: Government contributions for annuitants ben­ efits (costs—obligations) (object class 12) _

G overnm ent

1963 estim ate

1964 estim ate

1963 estim ate

1962 actual

C it iz e n s f o r E m p l o y m e n t O r g a n iz a t io n s

of

Under existing legislation, 1963.—A supplemental esti­ mate for 1963 is required to meet the Government’s share of the cost of health insurance for certain annuitants as defined in the Federal Employees Health Benefits Act of 1959. G overnm ent

C o n t r ib u t io n s , R e t ir e d B e n e f it s F u n d

E m ployees

H ealth

For payment to the “ Retired employees health benefits fund” of Government contributions with respect to retired employees, as authorized by section 4 of the Retired Federal Employees Health Benefits Act (74 Stat. 850), [$8,000,000] $ 1 4 ,8 6 0 ,0 0 0 , to remain available until expended: [ Provided, That the unexpended balance of the appropriation granted under this heading for the fiscal year 1962 shall be merged with this appropriation:] Provided, That, without regard to the provisions of any other Act, not to exceed [$375,000] $3 9 2 ,0 0 0 of the funds in the “ Retired employees health benefits fund” shall be available for reimbursement to the Civil Service Commission for administrative expenses incurred by the Commission during the fiscal year ending June 30, 1963, in the administration of the Retired Federal Employees Health Benefits Act (Independent Offices A p propriation A ct , 1963.)

1964

823

OTHER IN D E P E N D E N T AGENCIES

Proposed for separate transmittal:

Program and Financing (in thousands of dollars) 1962 actual

1964 estimate

1963 estim ate

P aym ent

to

C iv il

S e r v ic e

R e t ir e m e n t

and

D is a b il it y

F und

Program and Financing (in thousands of dollars) Program by activities: 1. Retired employees’ benefits______________ 2. Administrative expenses________________

13,326 474

12,807 393

14,468 392

Total program costs, funded—obligations.

13,800

13,200

14,860

Financing: Unobligated balance lapsing_______________

5,200

New obligational authority_____ _______

19,000

13,200

14,860

1962 actual

1963 estim ate

Program by activities: Payment of Government share of retirement (costs—obligations)____________________

30,000

Financing: New obligational authority (proposed sup­ plemental appropriation)_________________

30,000

1964 estimate

New obligational authority: Appropriation_____________________________ Reappropriation___________________________

8,000

19,000

14,860

5,200

This appropriation is used (1) to cover the Govern­ ment’s share of the cost of health insurance for employees who were retired when the Retired Federal Employees Health Benefits Act became effective; and (2) to cover the Government’s contribution for administrative expenses of the Commission. The increase required for item (1) above reflects the increase in the Government’s share from $3 to $3.50 monthly for self-only and from $6 to $7 for self and family because of the premium rate increase to become effective July 1, 1963. The use of these funds is reflected in the schedules for the retired employees health benefits fund.

Under existing legislation, 1963.—A supplemental ap­ propriation will be required for payment to the Fund to finance additional benefits provided by Public Law 87-793 (76 Stat. 868). Proposed for separate transmittal: Paym ent

to

C iv il

S e r v ic e

R e t ir e m e n t

D is a b il it y

and

F und

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

Financing: Proposed rescission of appropriation..______

1964 estim ate

“ 62,000

Object Classification (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

12 Personnel benefits____________ ________ 25 Other services__________________________

13,326 474

12,807 393

14,468 392

Total obligations_____________________

13,800

13,200

14,860

D is a b il it y

F und

Under proposed legislation, 1964•—Legislation will be proposed for permanent financing of the civil service retirement and disability fund which, if enacted, will remove the requirement for a specific appropriation to cover the cost of additional benefits provided by Part III of Public Law 87-793 (76 Stat. 868).

L im it a t io n P aym ent

to

C iv il

S e r v ic e

R e t ir e m e n t

and

For financing the estimated cost of new and increased annuity benefits, during fiscal year 1964, cls provided by Part I I I o f Public Law 8 7 -7 9 3 {76 Stat. 8 68 ), $ 6 2 ,0 0 0 ,0 0 0 , to be credited to the civil service retirement and disability fund.

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

Program by activities: Payment of Government share of retirement (costs—obligations) (object class 12) _____

44,637

62,0C0

Financing: New obligational authority (appropriation). . .

44,637

62,000

on

A d m in is t r a t iv e E x p e n s e s , I nsu ran ce F und

E m ployees

(Trust fund) Not to exceed [$255,000] $ 2 7 9 ,0 0 0 of the funds in the “ Employees life insurance fund” shall be available for reimbursement to the Civil Service Commission for administrative expenses incurred by the Commission during the current fiscal year in the administration of the Federal Employees’ Group Life Insurance Act of 1954, as amended (5 U.S.C. 2091-2103), including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a): Provided, That this limitation shall include expenses incurred under section 10 of the Act, notwithstanding the provisions of section 1 of Public Law 85-377 (5 U.S.C. 2094(c)). {Independent Offices A p p rop ria ­ tion A ct , 1963.) Program and Financing (in thousands of dollars) 1962 actual

This appropriation is used to cover the cost in 1964 of additional Civil Service retirement benefits. A supple­ mental appropriation for 1963 is anticipated for separate transmittal, and an estimate for proposed legislation to eliminate the need for this appropriation is shown sepa­ rately below.

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L if e

1963 estim ate

1964 estim ate

Program by activities: 1. Administration of the basic insurance pro­ gram________________________________ 2. Beneficial association work______________

117 141

127 138

139 140

Total program costs, funded—obliga­ tions (object class 2 5 ) .- .............. .......

258

265

279

1964

824

A P P E N D IX TO TH E B U D G ET FOR FISCAL YE A R 1964

CIVIL SERVICE COMMISSION— Continued L im it a t io n

on

A d m in is tr a tiv e E x p e n s e s , E m p lo y e e s I n s u r a n c e F u n d — Continued

Summary of Sources and Application of Funds (in thousands of dollars) 1962 actual

L ife

(Trust fund)— Continued

Obligations (from program and financing)_____ Increase ( —) or decrease in gross unpaid obliga­ tions, net____________ _ ____________ _

Program and Financing (in thousands of dollars)—Continued 1962 actual

Financing: Unobligated balance lapsing__ ,

1963 estimate

1964 estim ate

2

__ ______

Limitation____________________________ Proposed increase in limitation due to pay increases _____ __ ___ ______

260

255

16,027

15,632

-3 2 8

-9 8

622

____________

10,827

15,929

16,254

Revenues (from program and financing)____ Increase ( —) or decrease in accounts receivable, net______ ___________ _______ _ _ _ _

10,267

16,400

16,225

-1 6 7

-3 3 6

17

Applicable receipts____________________

10,100

16,064

16,242

Budget expenditures___________ _______

727

-1 3 5

12

Gross expenditures____

10

1. Administration of the basic insurance program.—

Expenses are incurred for functions pertaining to em­ ployees and annuitants covered under the basic provisions of the act. 2. Beneficial association work.—Expenses are incurred for functions pertaining to maintenance by the fund of life insurance agreements of employee beneficial asso­ ciations.

1964 estim ate

11,155

279

The Federal Employees’ Group Life Insurance Act (5 U.S.C. 2091-2103), provides that the Employees’ life insurance fund is available for any expenses incurred by the Civil Service Commission in the administration of the act within such limitation as may be specified annually in appropriation acts. The use of these funds is reflected in the schedule for advances and reimbursements.

1963 estim ate

This fund finances, on a reimbursable basis, full field security investigations performed at the request of other departments and agencies of the Government (66 Stat. 1 0 7 ).

Budget program.—Because work on some investigations will be started in one year and completed in another, work-in-process is recognized as an asset of the fund. Agency estimates of investigations to be requested in 1963 and 1964 as compared to 1962 experience, are pre­ sented below. In addition, the table relates estimated workload receipts to estimates of production, average positions, and unit costs. c a s e l o a d , a v e r a g e p o s it io n s , a n d u n it costs 1962 actual

1963 estimate

1964 estimate

On hand, beginning of year_ ______ __ _________ _______ ________________ Received______ _

7,143 39,737

15,303 40,000

10,303 39,000

Total workload________________ _________ Processed.. _ _ _ ___ ____________ ___________

46,880 31,577

55,303 45,000

49,303 43,000

On hand, end of year___________ _________

15,303

10,303

6,303

1,048 $351

1,480 $364

1,535 $377

In tragovernm ental fu n d s : I n v e s t ig a t io n s

( R e v o l v in g

F und)

Average positions____ ________

Program and Financing (in thousands of dollars) 1962 actual

Program by activities: Operating costs, funded: 1. Cost of services performed __ __ Capital outlay: 2. Purchase of equipment ______________

1963 estim ate

1964 estim ate

10,198

16,322

16,147

141

250

45

Total program costs, funded____ __ __ Change in selected resources 1_____ _________

10,339 816

16,572 -5 4 5

16,192 -5 6 0

Total obligations____ ________ _________

11,155

16,027

15,632

10,267 3,758 760

16,400 3,603 -5 4 3

16,225 3,426 -5 0 0

Financing: Revenues and receipts: Sales and services___ Unobligated balance brought forward_______ Change in unfilled customers’ orders___ _ Capital transfers ( —): Payment of earnings____________ __ _ __ Repayment of capital investment__ __ _ Unobligated balance carried forward ( —) ___

-2 6 -3 ,6 0 3

-3 ,4 2 6

-3 ,5 1 9

Financing applied to program____ ______

11,155

16,027

15,632

-1

-7

_____ _________ _________

The unit costs for 1963 and 1964 were predicated on the increase in pay rates resulting from the passage of Public Law 87-793; they may vary from month to month de­ pending on actual experience. Operating results and financial condition.— The capital of the fund consists of $4 million appropriated in 1952. Excess earnings are paid into miscellaneous receipts of the Treasury. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1962 actual

Sales program: R even u e.__ __ __________ Expense_____ __ _________

1963 estim ate

______ ____ _ _ _________

10,267 10,260

Net operating income, sales program____

7

Nonoperating income or loss ( —): Allowances on equipment traded-- _ - ____ Book value of equipment sold ( —) _________ Nonoperating income or loss ( —) ______

1 Balances of selected resources are identified on the statement of financial condition.

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Net income for the year_______________

7

1964 estim ate

16.400 16.400

16.225 16.225

50 -5 0

5 -5

1964

825

OTHER IN D E P E N D E N T AGENCIES Object Classification (in thousands of dollars)—Continued

Revenue, Expense, and Retained Earnings (in thousands of dollars)—Continued 1962 actual

1962 actual

1964 estim ate

1963 estim ate

23

Analysis of retained earnings: Retained earnings, start of year. _______ Payment of earnings ( —) __ _________ _____

1

7 -7

-1

Retained earnings, end of year

7

Financial Condition (in thousands of dollars) 1962 actual

2,919 1,074

2,165 1,241

2,293 1,577

2,281 1,560

1,071 53 203

1,831 92 282

1,288 454

788 50 421

5,320

5,611

5,712

5,100

1,293

1,604

1,712

1,100

Assets: Treasury balance____ _ _ ___________ Accounts receivable, net___ Selected assets: 1 Unfilled customers’ orders. _ . . . ___ Advances_________ _________ __ Equipment, n e t._ _________ _ ___ . . . Total assets.. Liabilities: Current

. . . ___ __

__

_

__

1964 1963 estim ate estimate

1961 actual

__

Government equity: Non-interest-bearing capital: _ __ Start of year..__________ _ Donated assets during y e a r ._____ Repayment of capital to Treasury ( —) __

100

4,000

4,000

4,000 7

4,000

4,000

4,007

4,000

4,000

4,024 26 -2 4

4,026

End of year______________________ Retained earnings. _____ ___ _______

4,026

1

Total Government equity_____

4,027

Rent, communications, and utilities: Rents and utility services____ ..________ Penalty mail_________________________ Telephone, teletype, and telegraph serv-

24 Printing and reproduction_______________ 25 Other services: Reimbursable administrative costs______ Sundry services_______________________ 26 Supplies and materials ______ . . . ----- --31 Equipment: Nonexpendable. ..................................... Expendable____________ ------------Total, accrued expenditures_________ Increase or decrease ( —) in travel advances and unpaid undelivered orders _ _ . __ . . . . . Total obligations. _

_ _______________

1964 estimate

1963 estim ate

109 37

152 43

139 48

72 32

102 56

89 46

127 67

100

154 95 143

160 83 129

141 3

250 4

45 3

11,099

16,029

15,692

-2

56

-6 0

11,155

16,027

15,632

1,300

1,550

1,600

12

10

10

1,048 1,352 7.2 $6,625

1,480 1,500 7.2 $7,067

1,535 1,550 7.2 $7,088

Personnel Summary

Total number of permanent positions_________ Full-time equivalent of other positions_____ Average number of all employees_____________ Number of employees at end of year________ __ Average GS grade___ ______ ---------------Average GS salary. ----------- --------------------

-2 6

A dvances and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) Analysis of Government Equity (in thousands of dollars) Unpaid undelivered orders1________ _______ Unobligated balance_________ ___________ Invested capital and earnings._ . . . ______

1962 actual

13 3,758 256

30 3,603 374

20

10

3,426 554

3,519 471

4,027

4,007

4,000

4,000

Total Government equity. _ _____

1 T h e changes in these item s are reflected on the p rogra m and fin a n cin g sch ed u le

Object Classification (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

Total program costs, funded_____ _____ Change in selected resources 1 __________

11 Personnel compensation: Permanent positions____ _________ _ Positions other than permanent________ Other personnel compensation____ _____ Total personnel compensation__

7,009 51 1,337

10,641 40 1,506

11,405 40

8,397

12,187

12,131

12 Personnel benefits:

21 22

Contributions to: Retirement fund__________ _______ Employees’ life insurance fund_______ Employees’ health benefits fund______ Employers’ share of FICA taxes_______ Incentive awards_____________ _____ Travel and transportation of persons: Regular travel expenses_______________ Rental of Government passenger cars___ Transportation of things: Shipment of household goods. _ ______ Parcel post... ______ _______________

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Program by activities: 1. Administrative expenses for full field se­ curity investigations program. _ _ ... 2. Administration of Federal employees health benefits program___ __ ________ 3. Administration of Federal employees life insurance program_________ ________ 4. Administration of retired Federal em­ ployees health benefits program_______ 5. Conducting interagency training programs. 6 . Miscellaneous services to other accounts__

686

450 23 55

677 35 77

747 35 77

1 6

1 8

7

1,429 5

1,798 185

1,597 300

40 5

57 5

50 5

Total obligations___

. . ____________

Financing: Advances and reimbursements from— Other accounts__________ . . . _________ Non-Federal sources 2_______ ______ Total financing__ ______________ ______

1 1961

45 326

1964 estimate

1963 estim ate

137

164

170

1,217

1,101

1,157

249

266

279

471 187 185

393 377 214

392 680 242

2,446 -1 8 5

2,515

2,920

2,261

2,515

2,920

2,249

2,503

2,908

12

12

12

2,515

2,920

2,261

1962 adju st­ ments

-2 7

19 62

19 63

19 64

50 109

50 109

50 109

159 159 159 371 -2 7 2 R e im b u rse m e n ts fro m n on -F ed era l sources are d erived fro m proceed s fr o m th e sale o f personal p r o p e r ty being rep laced (4 0 U .S .C . 481 ( c ) ) and refu n ds of fees r e ce iv e d b y em p lo y e e s fo r ju r y d u ty (5 U .S .C . 3 0 (p )).

1964

826

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

The Commission advises the President, Congress, and department heads on matters of architecture, sculpture, painting, and other fine arts.

CIVIL SERVICE COMMISSION— Continued G eneral and special fu n d s— C o n tin u e d A dvances

and

R eimbursements —Continued

Object Classification (in thousands of dollars)

These reimbursements provide for (1-4) administrative expenses for programs financed by the Investigations revolving fund, the Employees health benefits fund, the Employees life insurance fund, and the Retired employees health benefits fund for which the Commission is respon­ sible; (5) the conduct of training programs for other agencies under the Government Employees Training Act (72 Stat. 327); and (6) miscellaneous services performed for other agencies. Object Classification (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

11

Personnel compensation: Permanent positions___________________ Other personnel compensation__________ Total personnel compensation________

12 Personnel benefits_______________________ 21 Travel and transportation of persons........... 23 24 25 26 31

1,607 55 59

1,728 26

Total personnel compensation________ Personnel benefits_______________________ Travel and transportation of persons_____ Transportation of things_________________ Rent, communications, and utilities______ Printing and reproduction_______________ Other services _________________________ Supplies and materials___________________ Equipment____________________________

1,721 127 49 3 124 158 38 14 27

1,754 123

95 402 52 16 3

408 85 23 5

Total obligations_________ ____________

2,261

2,515

2,920

2,026 35

10

68 2

2,071 141 97

2 88

1963 estim ate

52

65

1964 estim ate

71

1 52 4

65 4 7

6 1

Rent, communications, and utilities_______ Printing and reproduction_______________ Other services__________________________ Supplies and materials___________________ Equipment____________________________ Total obligations______________________

11 Personnel compensation: Permanent positions__________________ Positions other than permanent________ Other personnel compensation__________

12 21 22 23 24 25 26 31

1962 actual

1 2

72 4 7

1

3

3

3 3

1

1

1

70

83

91

6 6 6

7 7 7

10.7 $8,965

$9,553

7 7 7 11.3 $9,855

3

Personnel Summary Total number of permanent positions_________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade___________________________ Average GS salary__________________________

11.1

COMMISSION ON CIVIL RIGHTS G eneral an d special fu n d s : Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade___________________________ Average GS salary__________________________

S a l a r ie s

290

10 261 225 7.2 $6,625

275 5 252 275 7.2 $7,067

307 7 280 279 7.2 $7,088

and

E xpen ses

For expenses necessary for the Commission on Civil Rights, including hire of passenger motor vehicles, [$950,000] $ 99 5 ,0 0 0 : Provided, That the compensation of any employee paid from funds provided under this head shall not exceed $20,500 per annum. ( Departments of State, J u d ice, and Commerce, the Judiciary, and Related Agencies Appropriation A c t , 1963.) Program and Financing (in thousands of dollars) 1962 actual

COMMISSION OF FINE ARTS G eneral and special fu n d s : S a l a r ie s

and

E xpen ses

For expenses made necessary by the Act establishing a Com­ mission of Fine Arts (40 U.S.C. 104), including payment of actual traveling expenses of the members and secretary of the Commission in attending meetings and Committee meetings of the Commission either within or outside the District of Columbia, to be disbursed on vouchers approved by the Commission, [$80,000J $ 9 1 ,0 0 0 . (Department of the Interior and Related Agencies Appropriation A ct , 1963.)

1963 estim ate

1964 estim ate

Program by activities: Investigations and studies of civil rights matters (program costs, funded) 1________ Change in selected resources 2______________

757 9

960 —9

995

Total obligations............. .................... .....

767

950

995

Financing: Unobligated balance lapsing________________

121

New obligational authority (appropriation)

888

950

995

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

Program by activities: Administration (costs—obligations) 1-----------

70

83

91

Financing: New obligational authority_______________

70

83

91

70

80 3

91

New obligational authority: Appropriation_____________________________ Proposed supplemental due to pay increases

1 S elected resou rces as o f Ju n e 30 are as fo llo w * : U n paid u n d eliv ered orders, 1961, $5 th o u sa n d ; 1962, $5 th o u s a n d ; 1963, $5 th o u sa n d ; 1964, $5 th o u sa n d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

l In clu d es ca p ita l o u tla y as fo llo w s : 1962, $9 th o u s a n d ; 1963, $12 th ou sa n d . 3 S elected resources as o f June 30 are as fo llo w s : U n p aid u n d eliv ered orders, 1961, $53 th o u sa n d (1 9 6 2 a d ju stm e n ts, $16 t h o u s a n d ); 1962, $78 th o u sa n d ; 1963, $69 th o u s a n d ; 1964, $69 th ou san d .

The Commission on Civil Rights is responsible for investigating allegations made that citizens are being deprived of their right to vote by reason of their color, race, religion, or national origin; collecting information concerning legal developments constituting a denial of equal protection of the laws under the Constitution; and appraising laws and policies of the Federal Government on equal protection of the laws. Studies have been made in these areas as well as in the areas of employment, the administration of justice, the process of school desegrega­ tion, and State and local housing laws, This estimate is

1964

827

OTH ER IN D E P E N D E N T AGENCIES

based on the assumption that the life of the Commission will be extended beyond its present expiration date of November 30, 1963.

Personnel Summary 1962 actual

1963 estim ate

1964 estimate

Object Classification (in thousands of dollars) 1962 actual

11

Personnel compensation: Permanent positions____________ Positions other than permanent. __ Other personnel compensation___

Total personnel compensation. _ Personnel benefits________________ Travel and transportation of persons Rent, communications, and utilities. Printing and reproduction_________ Other services____________________ Services of other agencies________ 26 Supplies and materials____________ 31 Equipment_______________________

12 21 23 24 25

Total obligations_______________

414 45

1963 estim ate

1964 estim ate

610 55

650

Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade__________________________ Average GS salary__ _______________________

76 4 77 99 9.1 $8,338

72 4 58 99 8.5 $7,465

76 5 80 99 9.1 $8,346

66 5

665 50 81

721 53 95

20

20

22

38 47 34 13

42 15 34 13

19

2

2

767

950

995

467 31 73 21 21 74 38

EXPORT-IMPORT BANK OF WASHINGTON The E xport-Im port Bank of Washington is hereby authorized to make such expenditures within the limits of funds and borrowing authority available to such corporation, and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as p ro v iie d by section 104 of the Governm ent Corporation Control Act, as amended, as m ay be necessary in carry­ ing out the programs set forth in the budget for the current fiscal year for such corporation, except as hereinafter p rovid ed : (Foreign Aid and Related Agencies Appropriation Act, 1963.)

P u b lic en terprise fu n d s : E xpo rt-Im port

B ank

of

W a s h in g t o n

F und

Program and Financing (in thousands of dollars) Adm inistrative reservations 1962 actual

Program by activities: Capital outlay: 1. Loan program: Development project loans____ __________________________ _ __ ______ __ Exporter loans__________________________ ____________________________ _____ Commodity loans_______________ _____________________________________ _____ Emergency foreign trade loans_____ ______ __ _______________________ ______

1963 estim ate

554,952 34,505 3,500 500,000

750,000 75.000

Subtotal _ _ __ __ __ __ __ Reinstatement of prior year obligations: Sale of loans, with recourse_______________ __________________ ______ ___ Liquidation of loans sold with recourse ________ ____ ___________________ Guaranteed agent bank loans________ ____________________________________ Administrative reservations, start of year____ _______________ ________________ Administrative reservations, end of year ( —) _________________________________ Adjustments in reservations________________________________________________ Change in selected resources1______ __ _ __ _ Adjustments in selected resources (loan obligations) _ ____ ___ _ ____________

1,092,957

Total loan program________________________ ______________________________ ___ _ _

942,593

1962 actual

1963 estim ate

1964 estim ate

424,767 106,685 10,333 361,261

420,000

560,000

12,200 6,100

20,000

180,000

963,500 60,300 65.000 104.000

51,700

90^066

1,071,000

1,192,800

903,046

490,000

670,000

66.000

300,000 -30 ,0 0 0 43,235 550,852 -935,652 -108,799

1964 estim ate

Costs and obligations

935^652 —935,789 —502,000

500,000 -30,000 -43,258 935,789 -450,552 -70,000 ” -9 9 7 4 0 “ 139,287

28~863~ ~K354~779

20,000

10,000

942,593 33

538,863 46

2,034,779 50

Total capital outlay obligations____ __ _____________________ __________

942,626

538,909

2,034,829

__ _________ ______________________ Guarantee and insurance programs, funded.. _ Change in selected resources: 1 Foreign Credit Insurance Association: Commitment to FCIA, short-term guarantees_______ _______ _ __ ____ Medium-term guarantees _______ _ _____ ____ Export-Import Bank, short and medium-term guarantees . . Consignment insurance _ _______ ______ __ _ __ __ _________ __ _____

125,000

100,000

-93 ,6 5 0 -1 ,0 1 7

125,000 26,200 14,250 4,050

Total guarantee and insurance programs obligations_____________________ ______

30,333

169,500

131,645

Operating costs, funded: L Administration: Expenses subject to limitation______________ ____________________ _______ Other expenses________________ ______ __________________________________ 1. Loan program: Interest on borrowings_____ ___________ _ ___________________

2,695 105 56,758

3,129 234 53,028

3,500 165 54,700

Total operating costs, funded_________________ ____________________________ Change in selected resources1__ _________________________________________________

59,558

56,391

58,365

Total operating costs, funded—obligations___ ___________________________________

59,568

56,391

58,371

1,032,527

764,800

2,224,845

2 . Purchase of equipment ___ _________ _ ______

Total obligations____________________________ ________ ________________________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

538,863

2,034,779

10

32,485 -1 ,8 4 0

1,000

6

1964

828

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

EXPORT -IMPORT BANK OF WASHINGTON— Continued P u b lic en terprise fu n d s— C o n tin u e d E x p o r t - I m p o r t B a n k o f W a s h in g t o n F u n d —

Continued

Program and Financing (in thousands of dollars) —Continued Costs and obligations 1962 actual

Financing: New obligational authority (proposed authorization to expend from public debt receipts): Current. Revenues and other receipts: Loan program: Loans repaid________________________________________________________________________ _ Sale of loans, with recourse____________________________________________________________ Sale of loans, without recourse_________________________________________________________ Interest revenue from loans____________________________________________________________ Guarantee and insurance programs: Fees and premiums collected___________________________ Total revenues and other receipts_________________________________________________ Unobligated balance brought forward (authorization to expend from public debt receipts)____ Recovery of prior year obligations (loan obligations)______________________________________ Capital transfer: Payment of earnings (— ) ______________________________________________ Unobligated balance carried forward (authorization to expend from public debt receipts) (—) . Financing applied to program-------------------------------------------------------------------------------- -

1963 estim ate

1964 estim ate

,

2 000,000

364,680 300,000 38,772 164,474 869

531,000 60,000 176,000 2,070

633.000 500.000 40.000 183.000 9,000

868,795 769,070 1,365,000 2,617,149 2,562,704 4,551,974 139,287 20,000 10,000 -3 0 ,0 0 0 -3 5 ,0 0 0 -3 5 ,0 0 0 -2,562,704 -4,551,974 -3,667,129 1,032,527

764,800

2,224,845

1 B a lan ces o f selected resources are identified on the sta tem en t of financial co n d itio n .

Summary of Sources and Application of Funds (in thousands of dollars) 1962 actual

Obligations (from program and financ­ ing) _ __ _________________________ Increase ( —) or decrease in gross unpaid obligations ___ ____________ Adjustment for recovery of prior year obligations ( —) ________ ________

1963 estim ate

1964 estim ate

1,032,527

764,800

2,224,845

68,425

-199,793

-1,487,450

-139,287

- 20,000

- 10,000

961,665

545,007

727,395

868,795

769,070

1,365,000

-8 ,2 1 9

-1 ,0 6 3

9,395

__ _________

860,576

768,007

1,374,395

Budget expenditures________ ____

101,089

-223,000

-647,000

Gross expenditures___ _________ Revenues and other receipts (from pro­ gram and financing) _ _____ ____ Increase ( —) or decrease in accounts receivable, net ____________ Applicable receipts

The Export-Import Bank of Washington facilitates and assists in financing U.S. foreign trade. To do this it makes direct loans to finance U.S. exports, and partici­ pates in or guarantees credits extended by U.S. exporters, commercial banks, and other financial institutions to foreign purchasers of exports from the United States. In addition, the Bank insures, against risks of war and expro­ priation, certain exports held abroad on consignment awaiting sale. Legislation is being requested to extend the life of the Bank for 5 years, to increase the total amount of dollar loans, guarantees and insurance which the Bank may have outstanding at one time to $9 billion, and to increase the amount of guarantees and insurance fractionally reserved within this amount to $2 billion. The Bank’s policy is to extend credit only when in its judgment private capital is unavailable, and to encourage private participation in the credits extended. Loans gen­ erally are made only for specific purposes or projects.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

The directors are required, when making loans, to find reasonable assurance of repayment. Fees charged for guarantees and insurance are commensurate with the risks covered. During 1962 the Bank intensified all of its activities. This reflected the key role assigned to increased exports in the solution of the U.S. balance-of-payments problem as well as the need for credit facilities for underdeveloped countries abroad. New credit authorizations, guarantees and insurance during the period exceeded the amount au­ thorized in any of the previous 15 years. Similarly, total disbursements in 1962 exceeded the amount paid out in any one of these years. This heightened level of activity was carried forward without drawing heavily on the Treasury for funds. The rapidly expanding use of guar­ antees and insurance, the success attendant on the Bank;s efforts to broaden participation by commercial banks in its loans, the sale of portfolio securities to such banks, and the repayments of principal received from the Bank’s borrowers made it possible for the Bank to meet the year’s unusually large loan disbursements of $903 million while the net budget expenditure was no more than $101 million. As in past years, the largest segment of the Bank’s dollar lending was through project credits, entailing sizable purchases of U.S. equipment and services for large devel­ opments which served materially to benefit the borrowing country. Literally thousands of U.S. manufacturers and exporters of industrial, agricultural, and other equipment received orders annually as a result of Eximbank’s project loans. Fiscal operations for the year reached new highs. Operating expenses totaled $60 million including interest paid to the Treasury of $57 million. The balance of $106 million was available as an added reserve from which a dividend of $35 million was declared. Of the Bank’s lending authority of $7 billion there remained un­ committed at June 30, 1962, $846 million.

1964

829

OTH ER IN D E P E N D E N T AGENCIES NEW

PROGRAM

A C T IV IT Y

[In th ou san d s o f dollars] 19 62 actual

Actual activity, 1962___________________

1,107,851

Limitation on activity, 1963____________

1963 estimate

1 9 64 estimate

______________________ 1,295,000

and sanitary conditions. Such project loans provided equipment for expansion of electrical power facilities, highway construction, rehabilitation of railroads, agricul­ tural production, and development of water supply and sewerage systems. DATA

Estimated for 1964____________________

1,314,366

Development project authorizations___ Exporter authorizations______________ Commodity authorizations___________ Emergency foreign trade authorizations.

554,952 34,505 3,500 500,000

750,000 75.000 180,000

963,500 60,300 65.000 104.000

Subtotal___ __ _______________ Less: Cancellations and participations in current authorizations issued dur­ ing fiscal year____ ________________

1,092,957

1,071,000

1,192,800

Net loan authorizations.................. Guarantees and insurance_______ _____ Interest and nonadministrative ex­ penses___________ _______ ________ Equipment and all other_______ ______

1,020,612 30,333

1,071,000 1 169,500

1,127,800 2 131,645

56,863 43

53,262 46

1,107,851

T o t a l_______ A D M IN IS T R A T IV E

____________

ON P R O JE C T LO AN S

[In m illions o f dollars] 1962 actual

19 6 4 estimate

1,584.5 750.0

1,975.0 963.5

54,865 56

2,107.4 270.0

1,938.3 740.0

1,293,808

1,314,366

2,148.3

2,377.4

2,678.3

2,695

3,129

3,500

1,110,546

1,296,937

1,317,866

66.000

72,345

65,000

8 .0 57.0 420.0 139.9

560.0

30.0

30.0

21.0

21.0 221.1 8 .0 500.0

EXPENSES

Total administrative expenses__________ Over-all total___________________

1 R ep resen ts ch arge to p rogram a c t iv it y an d b o rro w in g a u th o r ity fo r new guaran­ tees and' insurance o f $697,504 th o u sa n d , less ca n ce lla tio n s . G u arantees and in ­ su ran ce issued prior to O cto b e r 1961 are ch arg ed at 100 % and su bsequ en t to O c t o ­ ber 1961 are ch arged at 25% . 2 R ep resen ts ch arge t o p ro gra m a c t iv it y an d b o rro w in g a u th o r ity fo r new gu aran ­ tees and insurance o f $830,000 th o u sa n d , less can ce lla tio n s. G u arantees and in ­ surance issued prior to O cto b e r 1961 are ch a rge d at 100% a n d su b seq u en t t o O c t o ­ ber 1961 are ch a rged at 25% .

The seven tables following furnish supplementary detail to support the above table. D A T A ON O V E R A L L LO AN P R O G R A M

Exporter loans.—In conformity with the Bank’s efforts to encourage U.S. exports the Bank continued to author­ ize, on request of exporters, medium term loans (1 to 5 years) to finance capital equipment as well as consumer goods, aircraft, and semi-finished products. Included in the budget for 1964 is an amount of $60.3 million to cover this activity. DATA

ON

EXPORTER

1962 actual

Undisbursed loan authorizations, end of year_______ _____ _ _ _____________ 2,048.8 Credit authorizations..-______ __ ___ _ 1,093.0 -7 .4 Adjustment of prior year authorizations.. Participations in authorizations_______ 103.5 132.7 Credit cancellations.._ ____________ . 1903.0 Loan disbursements___________________ 43.3 Loans disbursed by agent banks________ 1 364.6 Loan principal repayments_____________ Repayment of loans in portfolio (sold with recourse)___________________________ 38.8 Sale of loans without recourse___________ 300.0 Sale of loans with recourse_____________ Loans outstanding, end of year: 3,567.3 Eximbank _________________ ______ 300.0 Sold with recourse___________________ 43.3 Guaranteed lo a n s .______ ___________ Total______ _______

_________

3,910.6

1963 estimate

1964 estimate

2,107.8 1,071.0

2,550.6 1,192.8

102.0 480.0 490.0

80.0 40.0 670.0

531 "6

633.0

30.0 60.0

30.0 40.0 500.0

3,466.3 270.0 43.3

2,963.3 740.0

Undisbursed loan authorizations, June 30_ Credit authorizations__________________ Adjustment of prior year authorizations. _

19 62 actual

19 63 estimate

44.1 34.5

109.9 75.0

164.2 60.3

34.0

is T o

2 .0 12.2

20.0

42.8 39.0 148.9

44.2 32.0 92.7

1 28 *2 48.6 107.5 53.1 34.2 218.5

1 E x clu d in g B razil re fu n d in g c r e d it o f $40 m illion.

Development project loans.—A major portion of the Bank’s assistance for the exportation of U.S. materials, equipment, and services is in the form of long term credits for projects abroad. During 1962, development project loans were made in all major geographical areas of the free world. The projects financed in Latin America were the Bank’s contributions to the Alliance for Progress effort. These loans are expected also to stimulate the economies of re­ cipient countries through industrialization, the develop­ ment of natural resources, and the improvement of health

3.0

ON C O M M O D IT Y

LOANS

[In m illions o f dollars] 19 62 actual

3,703.3

1 964 estimate

Commodity loans.—Credits are authorized by the Bank to finance the sale abroad of U.S. commodities such as cotton, wheat, barley, soy beans, and tobacco involving financing for periods up to 15 months when credit is not available from private sources. The amount estimated for 1964 is $65 million and it is anticipated it will be financed by commercial banks under the Bank’s guarantee. DATA

3,779.6

LOANS

[In m illions o f dollars]

[In m illions o f dollars]

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

19 63 estimate

Undisbursed loan authorizations, June 30. 1,298.5 Credit authorizations_____ ___ ____ 554.9 Adjustment of prior year authorizations - __ -7 .5 Participations in authorizations____ __ __ 71.4 Credit cancellations________________ 28.9 Loan disbursements______________ 423.9 Loan principal repayments_______ 175.6 Repayments of loans in portfolio (sold with recourse)____ ____________ 4.6 Sale of loans, without recourse___________ Sale of loans, with recourse___ ______ 300.0 Loans outstanding, end of year: Eximbank__________ __ ................... 1,848.3 Sold with recourse......... ... .................. .. 300.0

Undisbursed loan authorizations, June 30 _ Credit authorizations................. ............... Participations in authorizations_________ Credit cancellations---------------------- ------Loan disbursements-----------------------------Loans disbursed by agent banks................ Loan principal repayments-------------------Loans outstanding, June 30, Eximbank. Guaranteed loans_____________________

6 .6 3.5 3.9 .7 10.3 43.3 40.4

1 9 6 3 estimate

5.3

1 9 64 estimate

60.0

4.3 65.0 65.0

1.0

1.0

66.0 6.3 10.3

10.6

6 .6

43.3

43.3

6*6

__

Emergency foreign trade loans.— During 1962 the Bank was called upon to provide a large volume of emergency foreign trade loans. These credits assisting various coun­ tries in maintaining the level of exports from the U.S., amounted to $500 million. Of this total, $400 million was accounted for by a standby credit to Canada of which $250 million has since been released as a result of private financ-

1964

830

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

EXPORT-IMPORT BANK OF WASHINGTON— Con. P u b lic enterprise fu n d s— C on tin u ed E x p o r t-Im p o r t

B ank

o f

W a s h in g to n

Fund—

Continued

ing arrangements made by the Canadian Government. The 1964 budget includes $104 million to provide financial assistance to meet emergency situations adversely affect­ ing the normal trade between the United States and other countries. This may take the form of a line of credit to a foreign central bank or another financial institution to provide dollar exchange for a wide range of U.S. exports, or credits to fund arrearages resulting from dollar ex­ change difficulties, or credits to assist in financing pur­ chases in the United States required for reconstruction abroad following a major disaster. DATA

ON E M E R G E N C Y

and political situation in many of these countries, it is necessary to maintain close control of exposure in all areas. Accordingly, the Bank requires that all applica­ tions to FCIA for medium-term guarantees be approved by the Bank before the policy can be written. While anticipated new authorizations in this area for 1964 amount to $830 million, the charge to program activity is based on 25% of the increase in outstanding balances during the year and the charge to lending authority amounts to $131,645 thousand. The Bank also insures against the risks of war and ex­ propriation certain property of U.S. exporters which is held abroad on consignment awaiting sale. DATA

ON

GUARANTEES

AND

IN S U R A N C E (a t 25%

[In m illions o f dollars]

Undisbursed loan authorizations, June 30_ Credit authorizations__________________ Credit cancellations____________________ Loan disbursements____________________ Loan principal repayments_____________ Loans outstanding, June 30_____________

699.6 500.0 54.5 361.3 95.5 1,489.9

408.1 180.0 420.0 51.5 338.0 1,203.4

19 64 estimate

407.1 104.0 15.0 90.0 361.1 932.3

Delinquent loans.—Delinquent installments on loans made by the Bank fall into three categories: those on project loans which are in serious and protracted default; those on project loans which are delinquent because of exchange difficulties and understandable business delays; and those on exporter medium-term credits posted as delinquent because of any of the above situations. There are protracted loan defaults aggregating $19.5 million ($10.5 million principal plus $9 million interest) involving three loans to Cuba and four to Bolivia. On these loans, the total outstanding principal is $70.1 million. Of the Bank’s $200 million of loans to mainland China, all but $29 million has been repaid. Currently, the Republic of China has resumed payment on $2.6 million. In addition, there are other delinquencies which, in the opinion of the Board, are attributable to routine delays or transitory exchange difficulties. The delinquencies total $400 thousand of which $300 thousand is principal and $100 thousand is interest. Guarantees and insurance.—In addition to direct financ­ ing of export transactions Eximbank continues its program of guarantees and insurance on short- and medium-term export transactions. This activity is carried on through guarantees to commercial banks who carry the paper, and to a much greater degree by the Foreign Credit Insurance Association comprising more than 70 marine, casualty, and property companies. The Association issues policies directly to exporters with Eximbank taking 50% of the credit risk, and 100% of the political risk. The exporter is a coinsurer and must carry for his own account from 5% to 15% of the political risk and 15% of the credit risk. Premium rates vary according to the country of the importer and the term of the credit. Export credit insurance permits the exporter to extend credit to his overseas customers in the secure knowledge that unforeseen adverse developments abroad will not expose him to large loss or seriously impair his working capital. Of equal importance, from the Bank’s viewpoint, exporters who insure their foreign accounts receivable will find it easier to obtain financing for their transactions from U.S. commercial banks. As of June 30, 1962, 685 short-term policies were in force insuring exports valued in excess of $330 million. Because of the uncertain fiscal Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

O cto b e r

1961,

[In th o u sa n d s of dollars]

LOANS

1 9 6 2 actual 19 63 estimate

after

100 % p rio r)

19 62 actual

1963 estim a te

1964 e stim a te

164,709 267,700

195,042 174,376

364,542 207,500

237,367

4,876

75,855

195,042

364,542

496,187

181,567 13,475

356,455 8,087

489,717 6,470

195,042

364,542

496,187

30,333

169,500

131,645

Repayments, cancellations and expira-

New program activity—change from pre-

L IM IT A T IO N O N G RO SS G U A R A N T E E S A N D IN S U R A N C E I N G (1 0 0 % )

OUTSTAND­

[In th o u sa n d s o f dollars] 1 9 62 actual

Limitation________ __________________ Charge at end of year 1.......................... Balance_______________________

19 63 estimate

1964 estimate

1,000,000

2,000,000

2,000,000

726,268

1,425,820

1,958,868

273,732

574,180

41,132

1 M e d iu m -te r m g uaran tees o u ts ta n d in g b u t issu ed p rior to O cto b e r 4, 1961, n ot s u b je c t to this lim ita tio n .

Private capital participation.—In 1962 the Bank ex­ tended still further the broad participation of the U.S. commercial banking fraternity in its overseas lending. This was accomplished by establishing a special portfolio fund of $300 million consisting of a pool of export paper held by Eximbank with maturities falling due over a 10-year period. This portfolio was offered for sale, on the basis of a “ put” to Eximbank and a “ call” by Exim­ bank after 2% years, and each 6 months thereafter, to commercial banks as participation certificates, series A, and was heavily oversubscribed. This operation was consonant with the statutory provision that the Bank supplement and not compete with private capital. In addition, the Bank continued to secure commercial bank participations in its new loans. During the fiscal year participations totaling $39 million were sold to com­ mercial banks and others on a nonrecourse basis. DATA

ON

NUM BERS

OF

NEW

A U T H O R IZ A T IO N S

1 9 6 2 actual

1 9 6 3 estimate

1 9 6 4 estimate

Project________ ___________________ Exporter__________________________ Commodity________________________ Emergency____________ ____________

49 339

75 34

1

2

3

3

96 25 3 3

Subtotal......................................

392 1,818

114 3,420

127 4,960

TotaL

2,210

3,534

5,087

1964

831

OTH ER IN D E P E N D E N T AGENCIES

Administrative expenses.—To carry out the Bank’s lending, collecting, and guarantee program in 1964, it is estimated that a limitation of $3.5 million for administra­ tive expenses is necessary. Financing.—The Bank is a Government-owned corpo­ ration in which the Treasury has invested $1 billion in capital stock. The Board of directors for 1962 voted an increase to $35 million in the annual dividend, the 1961 amount being $30 million with $22.5 million paid for each of the preceding 8 years. It is anticipated that the administration will present legislation to the Congress during 1963 to extend the life of the Bank for 5 years and to increase the lending and borrowing authority of the Bank by $2 billion. Without such additional lending authority the Bank will be left as of June 30, 1963, with only $748 million to conduct its regular operations or to meet recurrent emergency situa­ tions. An increase in the borrowing authority of $2 billion is also necessary in order to give commercial banks and insurance companies unequivocal assurance that the guarantees, insurance policies, and participation certifi­ cates written or issued by the Bank can, in any foreseeable circumstance, be met. Such activity serves the two-fold purpose of increasing substantially the participation by private financial institutions in financing exports from the United States and reducing the amount which the Bank may call on the Treasury to provide. Operating results and financial condition.—During 1964 the net income of the Bank is expected to amount to $134 million. The budget provides for dividends to the Treasury of $35 million in 1963 and 1964 compared to $30 million in 1962, to reimburse the Treasury for the approximate interest cost on its investment in the Bank’s capital stock. The remaining earnings are retained to meet future contingencies. Total equity of the Govern­ ment in the corporation is expected to be $2,996 million at June 30, 1964, consisting of $1 billion in capital stock, $1,029 million of borrowings from the Treasury, and $967 million of retained earnings available for future contingencies. P O S IT IO N

W IT H

[In th o u sa n d s o f dollars]

1961 actual

1962 actual

1963 estimate

1964 estimate

Statutory authority........ ............. Proposed new authority_______

7,000,000

7,000,000

7.000.000

9,000,000

Total__________________

7,000,000

7,000,000

9,000,000

9,000,000

Charges against authority: Loans outstanding: Direct loans, net__________ Sale of loans, with recourse.. Guaranteed loans...... .........

3,367,699

23 "

3,567,294 300,000 43,258

3,466,294 270,000 43,258

2,963,294 740,000

Subtotal______ _______

3,367,722

3,910,552

3,779,552

3,703,294

2 . 000.000

Export guarantees and insur­ ance: Short-term guarantees: Commitment to Foreign Credit Insurance Asso­ ciation_______________________ . . . Export-Import Bank of Washington................... 155,639 Medium-term guarantees: Foreign Credit Insurance Association............ ..................... ..... Export-Import Bank of Washington................... 7,974

125,000 4,876

250,000

350,000

.......... ..................... .

................

26,200

58,685

65,087

84,213

82,373

1962 actual

1961 actual

1 963 estimate

19 6 4 estimate

Charges against authority—Con. Export guarantees and insur­ ance—Continued Consignment insurance____

1,096

79

4,129

5,129

Subtotal.............................

164,709

i 195,042

i 364,542

1 496,187

Loan obligations....................... Loan reservations.....................

1,556,075 550,852

1,113,100 935,652

1,171,963 935,789

2 , 100,000

Total charges against au­ thority...........................

5,639,358

6,154,346

6,251,846

6,750,033

Unused authority_______ ______

1,360,642

845,654

2,748,154

2,249,967

450,552

1 25% reserve on e x p o rt guaran tee and in su ran ce and con sig n m en t insurance, e x ce p t guaran tees and insurance in fo rc e at O cto b e r 4, 1961, w hich are at 100% as fo llo w s : 1962, $13,475 th o u s a n d ; 1963, $8,087 t h o u s a n d ; and 1964, $6,470 th ou sa n d .

Revenue, Expense, and Retained Earnings (in thousands of dollars) 1962 actual

1963 estim ate

1964 estim ate

Loan program: Revenue_________________________________ Expense_________________________________

164,474 59,260

176,000 56,114

183,000 57,948

Net operating income, loan program........

105,214

119,886

125,052

Guarantee and insurance program: Revenue_________________________________ Expense_________________________________

869 327

2,070 1309

9,000 1450

Net operating income, guarantee and in­ surance program......................... ...........

542

1,761

8,550

Net income for the year.............................. ......... Analysis of retained earnings: Retained earnings, start of year____________ Payment of earnings to Treasury ( —) ...........

105,756

121,647

133,602

705,917 -30 ,0 0 0

781,673 -35 ,0 0 0

868,320 -35,000

Retained earnings, end of year_________

781,673

868,320

966,922

1 E x clu d in g p ossible p a y m e n ts fo r claim s.

Financial Condition (in thousands of dollars) 1961 actual

R E S P E C T TO L E N D IN G , G U A R A N T E E , A N D IN S U R A N C E A U T H O R IT Y [In th ou san d s o f dollars]

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

P O S IT IO N W IT H R E S P E C T T O L E N D IN G , G U A R A N T E E , A N D I N S U R A N C E A U T H O R I T Y — C o n tin u e d

Assets: Treasury balance______ Accounts receivable, net. Selected assets: Sup­ plies i_______________ Loans receivable, n e t... Furniture and equip­ ment, net___________

1962 actual

1963 estim ate

1964 estim ate

2,327 49,226

1,327 39,831

1,717 39,944

2,227 48,163

3 3,367,699

6

6

6

3,567,294

3,466,294

2,963,294

191

194

208

225

Total assets.............

3,409,554

3,617,884

3,518,061

3,004,683

Liabilities: Current______ ________

5,737

6,711

8,141

9,161

Government equity: Interest-bearing capital: Start of year________ Borrowings from Treasury, net..........

1,631,200

1,697,900

1,829,500

1,641,600

66,700

131,600

-187,900

-613,000

End of year.........

1,697,900

1,829,500

1,641,600

1,028,600

Non-interest-bearing capital: Capital stockRetained earnings_____

1 , 000,000

1 , 000,000

1 , 000,000

1 , 000,000

705,917

781,673

868,320

966,922

3,403,817

3,611,173

3,509,920

2,995,522

Total Government equity...................

1964

832

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

EXPORT-IMPORT BANK OF WASHINGTON— Con. P u b lic en terprise fu n d s— C o n tin u e d E x p o r t-Im p o r t

B ank

o f

W a s h in g to n

F und

[ L im it a t io n

— Continued

Analysis of Government Equity and Undrawn Authorizations (in thousands of dollars) 1962 actual

1961 actual

Undisbursed obligations: Loan obligations 12____ Guaranteed letters of credit1___ _____ __

1963 estim ate

1964 estim ate

1,414,933

981,912

1,001,963

1,930,000

141,142

131,188

170,000

170,000

Subtotal__________

1,556,075

1,113,100

1,171,963

2 , 100,000

Guaranteed loans1____ Loans sold, with re­ course, outstanding 1 Export guarantees and insurance and con­ signment insurance outstanding 1________ Unpaid undelivered or­ ders 1______________ Liability for contingent labor claims_________ Unobligated balance_____ Invested capital and earn­ ings. _-------- -----------------

23

43,258

43,258

300,000

270,000

740,000

164,709

195,042

364,542

496,187

8

15

15

21

60 2,617,149

60 2,562,704

60 4,551,974

60 3,667,129

3,367,893

3,567,494

3,466,508

2,963,525

3,403,817

3,509,920

3,611,173

2,995,522

1 T h e changes in these item s are re fle cte d o n the p ro g ra m and financing schedule. 2 U n d isbu rsed loan a u th o riz a tio n s fo r w hich ag reem en ts h a v e n o t been ex e cu te d are as fo llo w s : 1961, $550,852 t h o u s a n d ; 1962, $93 5,65 2 th o u s a n d ; 1963, $935,789 th o u sa n d ; 1964, $450,552 th o u sa n d .

Object Classification (in thousands of dollars) 1962 actual

11

Personnel compensation: Permanent positions____________ Positions other than permanent---------- . Other personnel compensation------------Add excess of annual leave earned over leave taken__________________ . . . ■

Total personnel compensation______ 12 Personnel benefits------------------------- --21 Travel and transportation of persons--------22 Transportation of things ____ 23 Rent, communications, and utilities--------24 Printing and reproduction_________ ______ 25 Other services___________________ _______ Services of other agencies........ ............ 26 Supplies and materials------------------------ . . . 31 Equipment______________ _____________ 33 Investments and loans---------------- -------42 Insurance claims and indemnities. _ ___ 43 Interest and dividends_____ ___ Change in selected resources .. _ Total other obligations, subject to limi­ tation ____ Reinstatement of prior year obligations, not subject to limitation____________________ -

1964 estim ate

2,016 33 28

2,279 40 25

2,559 40 45

16

42

49

2,093 146 75

2,386 176 97

2,693 193

3 2 305 281 33 29 188 270 96 84 43 38 50 46 568,863 1,608,037 131,645 169,500 54,700 53,028

10

6

689,292

343,235

-30 ,0 0 0

E xpen ses]

1962 actual

1963 estim ate

Program by activities: Development project loans: Authorizations__________ _ ___________ Participations and cancellations______ ____

554,952 -60 ,0 1 7

750,000

Net authorizations: Development proj­ ect loans___ __________ __ _ _.

494,935

750,000

All other, excluding administrative expenses: 862,611 _. __ ____ Authorizations._ _ _______ Participations, cancellations and expirations. -249,695

543,808

612,916

543,808

Total authorizations other than for ad­ ministrative expenses__ ________ ____ 1,107,851

1,293,808

Net authorizations: All other.__

Financing: Uncommitted balance lapsing______ ________

426,742

764,800 2,224,845

192,149

1964 estim ate

1.192

Limitation___ __ _ __ ______________ 1,300,000 1,295,000

L im it a t io n

on

A d m in is t r a t iv e

E xpen ses

Not to exceed [$3,000,000] $ 3 ,5 0 0 ,0 0 0 (to be computed on an accrual basis) shall be available during the current fiscal year for administrative expenses, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a; at rates not to exceed $75 per diem for individuals, and not to exceed $9,000 for entertain­ ment allowances for members of the Board of Directors: Provided , That (1) fees or dues to international organizations of credit insti­ tutions engaged in financing foreign trade, (2) necessary expenses (including special services performed on a contract or fee basis, but not including other personal services; in connection with the acqui­ sition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Bank or in which it has an interest, including expenses of collections of pledged collateral, or the investigation or appraisal of any property in respect to which an application for a loan has been made, and (3) expenses (other than internal expenses of the Bank) incurred in connection with the issuance and servicing of guarantees, insurance, and reinsurance shall be considered as nonadministrative expenses for the purposes hereof. (Foreign A id and Related Agencies Appropriation Act, 1963.)

Program and Financing (in thousands of dollars)

111

224 26 136 69 31 33 599,358 30,333 56,758

Total obligations............... ......... .............- 1,032,527

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1963 estim ate

O p e r a t in g

Program and Financing (in thousands of dollars)

9,868,320 9,966,922 7,781,673 7,705,917 Subtotal________ Less: Undrawn authoriza­ __ -4,302,100 -4,170,500 -6,358,400 -6,971,400 tions ________ Total Government equity_________ -

on

[N ot to exceed $1,295,000,000 (of which not to exceed $750,000,000 shall be for development loans) shall be authorized during the current fiscal year for other than administrative expenses.J (.Foreign A id and Related Agencies Appropriation A ct , 1963.)

1962 actual

Program by activities: Administration: Loan program__________________________ Guarantee program_____________________ Insurance program______________________ Private enterprise loans from foreign cur­ rencies _____ ______________________

1963 estim ate

2,422 232

2,825 304

3,132 368

3,129

3,500

3,000

3,500

2 39

Total obligations____________________

2,695

Financing: Unobligated balance lapsing _________ ____

315

Limitation __________________________ Proposed increase in limitation due to pay increases______________________

1964 estim ate

3,010

129

1964

833

OTH ER IN D E P E N D E N T AGENCIES Financial Condition (in thousands of dollars)

Object Classification (in thousands of dollars) 1962 actual

Personnel compensation: Permanent positions__________________ Positions other than permanent________ Other personnel compensation_________ Add excess of annual leave earned over leave taken________________________ Total personnel compensation. Personnel benefits_________________ Travel and transportation of persons. 22 Transportation of things___________ 23 Rent, communications, and utilities. _ 24 Printing and reproduction__________ 25 Other services_____________________ Services of other agencies_________ 26 Supplies and materials_____________ 12 21

Total obligations subject to administra­ tive limitation_____________________

1963 estim ate

1964 estimate

1961 actual

1962 actual

6 6

2,016 33 28

2,279 40 25

2,559 40 45

Assets: Treasury balance_____________ _______ Loans receivable, net __ Investments, net_________ ____ _____

1,250

9 3 1,250

16

42

49

Total assets_______________________

1,262

1,262

2,093 146 75

2,386 176 97

2,693 193

2

3 305 33 37 82 43

224 26 41 59 31

111

281 29 48 72 38

2,695

Government equity: Interest-bearing capital: 5,179 Start of year_____ ___________________ Borrowings from Treasury, net -5 ,1 7 9 End of year_________________________ Non-interest-bearing capital: Start of year _ _ __ ____ Repayment of capital to Treasury (— )_

3,500

3,129

1964 1963 estimate estimate

End of year_________________________ Total Government eq u ity__________

1,262

1,268

-6 1,262

1,262

1,262

1,262

1,262 -1 ,2 6 2

Personnel Summary Total number of permanent positions. Full-time equivalent of other positions. Average number of all employees_____ Number of employees at end of year__ Average GS grade__________________ Average GS salary__________________

L iq u id a t io n

of

291 3 256 271

293 4 274 282

319 4 304 319

8 .6

8.6

8.6

$7,833

$8,326

$8,305

C e r t a in R e c o n s t r u c t io n C o r p o r a t io n A s s e t s

Financing: Revenues and other receipts: Loans repaid _________ ___________ _____ Sale of investments ____ __ ____________ Total revenues and other receipts______ Unobligated balance brought forward_______ Capital transfer: Repayment of investment to Treasury ( —) __ __ _ _____________ Unobligated balance carried forward (—) __

Total Government equity. _

____ _

A l l o c a t io n s R e c e iv e d F r o m

6 1,256

9 1,253

1,262

1,262

O th er A ccounts

N o te .— O b ligation s in cu rred fro m o th er a cco u n ts are in clu d e d in th e schedules o f the parent ap p ro p ria tio n as fo llo w s : F u n ds A p p ro p ria te d to th e P resid en t: “ F oreign assistance, e c o n o m ic assista n ce.*' “ R e v o lv in g fu n d , D efense P r o d u ctio n A c t ."

1963

1962

Unobligated balance__________ __________ Invested capital and earnings____________

F in a n c e

Program and Financing (in thousands of dollars)

estimate

actual

Analysis of Government Equity (in thousands of dollars)

1964

estimate

In tragovern m en tal fu n d s: 3

3 1,250

3

1,253

6

9 -1 ,2 6 2

-9

A dvances and

R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1962

1963

actual

estimate

1964

estimate

Program by activities: Loans and guarantee management for other agencies (obligations)________ ___________

27

13

13

Financing: Advances and reimbursements from other accounts_______________________________

27

13

13

12 1

12 1

27

13

13

4 4

2 8 .6

2 2 2 8 .6

2 2 2 8 .6

$7,833

$8,326

$8,305

Financing applied to program__________ Summary of Sources and Application of Funds (in thousands of dollars) Revenues and other receipts (from program and financing): Applicable receipts________________________

Object Classification (in thousands of dollars) 1,253 11

Budget expenditures.

—3

-1 ,2 5 3

Reorganization Plan No. 2 of 1954 relating to the liquidation of the Reconstruction Finance Corporation transferring certain foreign bonds, notes, and securities to the Export-Import Bank became effective as of close of business, June 30, 1954. Liquidating proceeds of these assets are paid to the Treasury, and are not available for future borrowing. Revenue and receipts are estimated to amount to $1,253 thousand in 1963, thereby eliminating the investment of the U.S. Government.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Personnel compensation: Permanent posi­ tions __ __ _ ______________________ 12 Personnel benefits_______________________ 23 Rent, communications, and utilities Total obligations ..................... .................

24

2 1

Personnel Summary Number of permanent positions______________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade___________________________ Average GS salary__________________________

1964

834

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

FARM CREDIT ADMINISTRATION

Object Classification (in thousands of dollars)

G eneral and special fu n d s :

1962 actual

A d m in is tra tiv e

11

1962 actual

1963 estim ate

1964 estim ate

Program by activities: Administrative expenses (obligations)_______

2,459

2,635

2,785

Financing: Unobligated balance brought forward ( —)___ Recovery of prior year obligations (-—) . - -Unobligated balance carried forward________

-1 ,1 8 8 -3 1,190

-1 ,1 9 0

-1 ,1 9 0

1,190

1,190

New obligational authority (appropriation).

2,458

2,635

2,785

Assessments based upon estimated administrative expenses are collected from agencies in the farm credit system, are appropriated to this special fund account, and are made available for administrative expenses. Obliga­ tions are incurred within fiscal year limitations under Limitation on administrative expenses. A d m in is t r a t iv e

E xpen ses

Not to exceed [$2,565,000] $ 2 ,7 8 5 ,0 0 0 (from assessments collected from farm credit agencies) shall be obligated during the current fiscal year for administrative expenses. (12 U .S .C . 6 3 6 ;

Personnel compensation: Permanent positions__________________ Positions other than permanent: Board compensation___________ ______ _____ Other personnel compensation__________

1,888

2,038

36 7

40

40

6

22

Total personnel compensation........... Personnel benefits. __ ___________________ Travel and transportation of persons_____ Transportation of things_________________ Rent, communications, and utilities_______ Printing and reproduction_______________ Other services------------- -----------------------Services of other agencies______________ 26 Supplies and materials_________ _______ 31 Equipment_____________________________

1,931 146 287 3 27 13 14 13 13 16

2,084 160 285 5 31 15 15 15 15

2,235 168 285 4 30 14

12

15 15 9

Total costs_______________ ___________ Change in selected resources.________________

2,463 -4

2,637

2,785

Total obligations___ __________________

2,459

2,635

2,785

229 4 225 236 9.5 $8,368 $4,651

231 4 229 242 9.6 $9,009 $4,651

230 4 231 242 9.6 $9,117 $4,651

Program and Financing (in thousands of dollars)

on

1964 estim ate

E xpenses

(Permanent, indefinite, special fund)

L im it a t io n

1963 estim ate

12 21 22 23 24 25

2,173

10

-2

Personnel Summary

Total number of permanent positions........ ......... Full-time equivalent of other positions________ Average number of all employees_____________ Number of employees at end of year---- ----------Average GS grade___________________________ Average GS salary---------------------------------------Average salary of ungraded positions__________

Department o f Agriculture and Related Agencies Appropriation Act, 1963.)

P u b lic enterprise fu n d s:

Program and Financing (in thousands of dollars)

F ederal

1962

actual

1963

estimate

2,463 -4

2,637

Total obligations___________________ —

2,459

2,635

Limitation___________________________ Proposed increase in limitation due to pay increases _________ _________

estimate

2,785

M ortgage

C o r p o r a t io n

2,785

2,785

Financing: Revenues and other receipts: Collection of notes receivable....................... Revenue from mineral leases____________

131 2,590

2,565 70

The Administration supervises a coordinated agricul­ tural credit system of farm credit banks and associations which make credit available to farmers and their coop­ eratives. Supervision and examination of farm credit banks and associations.—Provision is made for supervision and examination of: 12 Federal land banks (wholly farmerowned) ; 13 banks for cooperatives (mixed ownership); 12 Federal intermediate credit banks (mixed ownership); 775 Federal land bank associations; and 487 production credit associations. Also, these credit agencies are furnished such services as assistance in financing and investments, custody of collateral for bonds and debentures, credit analysis, development of appraisal standards and policies, preparation of reports and budgets, and development and distribution of information on farm credit.

F und

Program and Financing (in thousands of dollars)

Program by activities: Preserving, leasing, and disposing of reserved mineral interests (costs—obligations) (ob­ ject class 25)___________________________

-2

1 S elected resources as o f Jun e 30 are as fo llo w s : U n paid u n d elivered orders, 1961, $8 th ou sa n d ; 1962, $4 th o u s a n d ; 1963, $2 th o u s a n d ; 1964, $2 th ou san d .

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F arm

1962 actual

Program by activities: Supervision and examination of farm credit banks and associations (program costs, funded) _____ __ _________________ Change in selected resources1______ ________

Financing: Unobligated balance lapsing

1964

Total revenues and other receipts.......... . Unobligated balance brought forward---------Capital transfer: Payment of earnings ( —)_. Unobligated balance transferred to “ Federal Farm Mortgage Corporation liquidation fund,” Treasury Department (75 Stat. 773) ( - ) ________ - - - - - ...............- - - - Unobligated balance lapsing (authorization to expend from corporate debt receipts). _. Financing applied to program_________

1963 estimate

1964 estim ate

666 28 694 367 -800

-259

-2 1

Summary of Sources and Application of Funds (in thousands of dollars) Obligations (from program and financing)-----Gross expenditures---------- ------- ----------Revenues and other receipts (from program and financing): Applicable receipts---------

694

Budget expenditures................................

-6 9 3

1964

835

OTH ER IN D E P E N D E N T AGENCIES

This corporation was abolished October 4, 1961 (75 Stat. 758), and its remaining assets were transferred to the Secretary of the Treasury. Operating results.—The corporation paid dividends to the Treasury in the amount of $145,900 thousand, be­ tween July 28, 1948, and October 4, 1961. Revenue, Expense, and Retained Earnings (in thousands of dollars) 1963

1962

estimate

actual Nonoperating income: Revenue__________ Expense___________

1964

estimate

1

1964

estimate

Financing: Receipts: Repayment of investment in capital stock by production credit associations_______

365

200

500

Unobligated balance brought forward _ ___ Unobligated balance carried forward (— ) ___

75,520 -71 ,9 8 5

71,985 -64 ,6 8 5

64,685 -55,185

Financing applied to program__________

3,900

7,500

10,000

Summary of Sources and Application of Funds (in thousands of dollars) Obligations (from program and financing): Gross expenditures ______________________ Revenues and other receipts (from program and financing): Applicable receipts___________ __________

2,384 -8 0 0

-1,6 1 1

Budget expenditures__________________

Financial Condition (in thousands of dollars) 1961

actual Assets: Treasury balance. Notes receivable- -Federal land banks________

1962

actual

1963

estimate

1964

estimate

405 2,191 2,596

Total assets. Liabilities: Current______________________ Bonds payable—held by public, matured principal___________

39 174 213

Total liabilities. Government equity: Retained earnings (total Govern­ ment equity)_______________

2,384

Analysis of Government Equity (in thousands of dollars)

. ___

367 -1 7 4 2,191

Total Government equity___

2,384

C r e d it

I n vestm ent

F und

Program and Financing (in thousands of dollars) 1962

actual Program by activities: Purchase of capital stock: 1. Federal intermediate credit banks_____ 2. Production credit associations _______ Total program costs, funded—obliga­ tions (object class 33)______________

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1963

estimate

27

Retained earnings, end of period (Oct. 4,1961)___________________________

Short-T erm

1962

actual

28

Net income for the period.-------- ---------Analysis of retained earnings: Retained earnings, start of year____________ Payment of earnings ( —) _________________ Transfer of earnings to “ Federal Farm Mort­ gage Corporation liquidation fund,” Treas­ ury Department (75 Stat. 773) ( —) _____

Unobligated balance Bonds payable Invested earnings

Program and Financing (in thousands of dollars)—Continued

3,900

3,900

1963

estimate

1964

estimate

1,000

8.500 1.500

7,500

10,000

6,500

3,900

7,500

10,000

365

200

500

3,535

7,300

9,500

This fund is available to the Governor of the Farm Credit Administration as a revolving fund for investment in capital stock of the Federal intermediate credit banks and the production credit associations. Prior to October 3, 1961, there were separate investment funds for the Federal intermediate credit banks and the production credit association; however, these funds were merged by section 2(f) of Public Law 87-343. Budget program.—-1. Federal intermediate credit banks.— Funds will be required in 1963 and 1964 for investment in class A stock of the banks. An estimate of $6.5 million net investment is made for 1963 and $8.5 million for 1964. The estimate of requirements is based on recent projec­ tions made by the 12 intermediate credit banks which indicate that several of the banks will need additional capital in order to keep their debt-to-capital ratios within the 10 to 1 maximum permitted by law. 2. Production credit associations.—An estimate for pur­ chase of stock in production credit associations of $1 million is made for 1963 and $1.5 million for 1964. The need arises primarily because the volume of business of associations is increasing more rapidly than necessary net worth can be accumulated from local sources. Financing.—At the end of 1963 it is estimated that $1,265 thousand will be invested in the production credit associations and $34,050 thousand in the Federal inter­ mediate credit banks. An additional $1 million net investment in the associations and $8.5 million in the banks is expected in 1964. The provisions of section 105(d)(3) of the Farm Credit Act of 1956, which heretofore applied to the Federal intermediate credit banks investment fund is applicable to the combined fund. This section provides that of the $87,405 thousand class A stock of the credit banks out­ standing on January 1, 1957, $57,405 thousand must be retired by payments into the Treasury as miscellaneous receipts. When the balance is reduced to $30 million, the remaining proceeds from retirement of such stock will be credited to the combined revolving fund.

1964

836

A P P E N D IX TO TH E B UD GET FOR FISCAL Y E A R 1964

FARM CREDIT ADMINISTRATION— Continued P u b lic enterprise fu n d s— C on tin u ed S h o r t - T e r m C r e d it I n v e s t m e n t F u n d —

Continued

Financial Condition (in thousands of dollars) 1961 actual

Assets: Treasury balance______________ Investments in capital stock: Production credit associations. _ Federal intermediate credit banks: Old issue__________________ New issue_________________

1962 actual

1963 estim ate

1964 estimate

Budget 'program.—No new subscriptions of capital stock are anticipated and stock will be retired by the banks for cooperatives in accordance with section 42(a)(1) of the Farm Credit Act of 1933, as amended. Operating results and financial condition.—Investment in capital stock will continue to be reduced through 1964, thereby increasing the cash of the fund. The cash balance in the fund at June 30, 1963, is estimated at $55,162 thousand. Revenue, Expense, and Retained Earnings (in thousands of dollars)

75,520

71,985

64,685

55,185

830

465

1,265

2,265

30,000 23,650

30,000 27,550

30,000 34,050

30,000 42,550

Total assets_____________

130,000

130,000

130,000

130,000

Government equity: Non-interest-bearing capital (start and end of year)______

130,000

130,000

130,000

130,000

1962 actual

Analysis of retained earnings: Retained earnings, start of year. _ ________ Payment of earnings ( —)__ _______________ Retained earnings, end of year_

1963 estim ate

1964 estim ate

15,950 -1 5 ,9 5 0

_ _____

Financial Condition (in thousands of dollars) 1961 actual

1962 actual

1963 estim ate

1964 estimate

Analysis of Government Equity (in thousands of dollars)

Unobligated balance______________ Invested capital and earnings_____

75,520 54,480

71,985 58,015

64,685 65,315

55,185 74,815

Total Government equity__

130,000

130,000

130,000

130,000

Assets: Treasury balance_______________ Investments in capital stock of— District banks for cooperatives. Central Bank for Cooperatives _

67,632

43,183

55,162

65,662

75,587 42,700

66,917 39,900

57,938 36,900

50,188 34,150

185,918

150,000

150,000

150,000

Government equity: Non-interest-bearing capital: Start of year_________________ Repayment of capital invest­ ment______________________

169,968

169,968

150,000

150,000

End of year________ _______ Retained earnings.........................

169,968 15,950

150,000

150,000

150,000

Total Government equity___

185,918

150,000

150,000

150,000

Total assets_______________

B a n k s F or C o o p e r a t iv e s I n v e s t m e n t F u n d

Program and Financing (in thousands of dollars) 1962 actual

Financing: Revenues and other receipts: Retirement of investments in capital stock of— District banks for cooperatives_________ Central Bank for Cooperatives................ Total revenues and other receipts____ Unobligated balance brought forward_______ Capital transfer ( —): Payment of earnings_______ _____________ Repayment of capital investment________ Unobligated balance carried forward ( —)___

1963 estim ate

1964 estim ate

-1 9 ,9 6 8

Analysis of Government Equity (in thousands of dollars) 8,670 2,800

8,980 3,000

7.750 2.750

11,470 67,632

11,980 43,183

10,500 55,162

-1 5 ,9 5 0 — 19,968 -43 ,1 8 3

—55 J62

—65^662

Unobligated balance______ _____ Invested capital and earnings_____

67,632 118,287

43,183 106,817

55,162 94,838

65,662 84,338

Total Government equity___

185,918

150,000

150,000

150,000

M ix e d - O w n e r s h i p C o r p o r a t io n s

Financing applied to program banks

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

Revenues and other receipts (from program and financing): Applicable receipts.........................................

11,470

11,980

10,500

Budget expenditures....... ........................

-1 1 ,4 7 0

-1 1 ,9 8 0

-1 0 ,5 0 0

This fund is available to the Governor of the Farm Credit Administration for investments in class A capital stock of the banks for cooperatives (12 U.S.C. 1134). The fund was created with $500 million capita] in 1929; however, it was reduced to $150 million by legislation approved June 25, 1962 (76 Stat. 109).

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

for

c o o p e r a t iv e s

The banks for cooperatives make loans to finance the operations of farmers’ cooperatives. The banks' capital funds are from the Banks for cooperatives investment fund and from borrowing farmers’ cooperative associa­ tions (12 U.S.C. 1134). The Farm Credit Act of 1955 provides for eventual ownership of the banks by farmers’ cooperatives and the retirement of the U.S. Government investment. No new subscriptions of capital stock are anticipated and stock will be retired by the banks for cooperatives in accordance with the Act. Repayments of $11,980 thousand have been made for 1963, and it is estimated that $10.5 million will be retired in 1964. As of June 30, 1962, the U.S. Government owned capital stock in the banks in the amount of $106,817 thousand.

1964

837

OTH ER IN D E P E N D E N T AGENCIES STATEM EN T

OF

F IN A N C IA L

C O N D IT IO N

AS

OF

JU N E

30,

1962

[In th ou san d s o f dollars]

Assets: Cash..................................... ......... ......... ......................................... ......... U.S. securities (par $43,000)....... ........................................... ................. Loans to cooperative associations________ _____________692,344 452 Notes receivable, sales contracts, etc.____________________ Accrued interest receivable_______ ______________________ 7,930 Total______________ ________ ______________________ Less allowance for losses........ ................................. .

12,421 43,021

694,076

Total assets._____ __________________________________________

F IN A N C IA L

C O N D IT IO N

AS

OF

JU N E

30,

Total assets......................... ................... ......................................

753,601

Liabilities and capital: Unmatured debentures outstanding____ ______ ______ ___________ 429,500 Matured debentures: Principal and interest___ _________________ _ 162 Notes payable: Commercial banks.___________ ______________ _______________ _ 35,615 2,000 Federal land banks.. 406 Dividends payable on class B capital stock and guarantee fu n d.,. 2,250 Federal franchise tax payable_______________________ _____________ 4,207 Other liabilities. Capital: Privately owned capital: Capital stock: Class B .._ ......... ..................... ................ ............. 12,236 Class C............. .................. ................... ............... 54,664 Other_____ ________________________________ 90 66,990 Earned surplus: Surplus—reserved. ______ ______________________ 32,250 Surplus allocated to patrons.____ __________ _____ 17,543 49,793 Government investment: Unretired class A capital stock__________________ 94,837 Class A stock called for retirement......................... 11,980 106,817 Retained earnings (reserved)............................ . .................... 55,861 279,461 Total....................................................................... ...........................

OF

1962

Assets: C a sh ............................................. ........................... .......................... 9,792 110,178 U.S. securities (par $ 110,603)---------- ------------------------ ------- --------Loans and discounts outstanding_____________________ _______1,998,117 Other assets, net............... - ------- -------- -------- ----------------------------30,864

4,703 620 4,083

753,601

FEDERAL INTERMEDIATE CREDIT BANKS

The Federal intermediate credit banks serve as banks of discount for agriculture, discounting agricultural and livestock paper for local financing institutions, such as pro­ duction credit associations, agricultural credit corpora­ tions, livestock loan companies, and commercial banks, and making loans to them on the security of such paper, and providing the production credit associations with necessary supervision and services. The banks were originally wholly owned Government corporations set up to serve exclusively as banks of discount; however, pur­ suant to the act of 1956 the banks became mixed-ownership corporations and were made responsible for super­ vising and assisting the production credit associations to enable them to make sound credit available to farmers. All of the capital stock of the Federal intermediate credit banks from organization in 1923 to December 31, 1956, was held by the U.S. Government. The 1956 act pro­ vided a long-range plan for the acquisition of credit bank stock by production credit associations and the gradual retirement of the Government’s investment in the banks. However, in the last few years the banks have been called upon to provide associations with substantially more funds to finance the short-term needs of farmers and it has been necessary for the Federal Government to invest additional capital in the banks in order to keep the debtto-capital ratios within the 10 to 1 maximum permitted

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEM ENT

[In th ou san d s o f dollars]

700,726 6,650

Other assets, ____ ______ Less allowance for losses.

by law. These funds have been obtained from the Fed­ eral intermediate credit banks investment fund which was authorized in the 1956 act.

2,148,951

Liabilities and capital: Unmatured debentures outstanding. ____________________________ 1,855,400 Matured debentures—Principal and interest_____________________ 276 Notes payable: Commercial banks........ ..................... .................... .......................... 44,200 Other Farm Credit banks____________________________________ 3,200 Federal franchise tax payable__________________ ________________ 2,376 26,518 Other liabilities_____ _____________________________ ____________ Capital: Privately owned capital: Class B capital stock—production credit associa­ tions_________________________ ____________ 38,735 Participation certificates—Other financing insti­ 1,790 tutions. _________ _________________________ -------- 40,525 Earned surplus: Surplus—reserved ------------------------------------------ 18,009 Legal reserve______________ _________________ 12,000 --------30,009 ■ ---------70,534 Government investment: Class A capital stock_________________________________ 101,389 Retained earnings (reserved)................. ....... ...................... 45,058 ----------146,447 Total____________________________ _______________________

2,148,951

ALLOCATIONS RECEIVED FROM OTHER ACCOUNTS N o te .— O bligation s incurred under allocation s fro m oth er a p p rop ria tion s are sh ow n in the schedules of the p arent a p p ro p ria tio n , F u n ds A p p r o p r ia te d to the President, “ F oreig n assistance— e c o n o m ic .”

In tragovern m en tal fu n d s : A d v a n c e s a n d R e im b u r s e m e n t s

Program and Financing (in thousands of dollars) 1962 actual

1963 estim ate

Program by activities: Miscellaneous services to other accounts (costs— obligations)___________________

28

30

Financing: Advances and reimbursements from other accounts______________________________

28

30

Object Classification (in thousands of dollars) 11

Personnel compensation: Positions other than permanent ____________________ 24 Printing and reproduction________________

27

Total obligations______________________

28

30

2 0

2 0

30

1

Personnel Summary Average number of all employees......................... Number of employees at end of year..................

1964 estim ate

1964

838

A P P E N D IX TO TH E B U D G ET FOR FISCAL Y E A R 1964

FEDERAL COAL MINE SAFETY BOARD OF REVIEW G eneral an d special fu n d s : and

E xpen ses

For necessary expenses of the Federal Coal Mine Safety Board of Review, including services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), $70,000. (30 U .S .C . 475, 4 7 7 ; 66 Stat. 7 0 9 ; Department of the Interior and Related Agencies A p p ro ­ priation Act, 1963.)

Program and Financing (in thousands of dollars) 1962

1963

1964

actual

estimate

estimate

Program by activities: Hearing appeals (costs—obligations) _ Financing: Unobligated balance lapsing________

59

70

70

11

New obligational authority (appropriation)

70

70

70

Coal-mine operators, affected by orders issued by Fed­ eral coal-mine inspectors, may appeal to the Board for annulment or revision of, and temporary relief from, such orders. During 1962, a total of 126 orders were issued. When operators appeal, hearings are held, and the Board rules upon the application. It is estimated that there will be 125 orders subject to appeal to the Board in 1963 and 1964. Object Classification (in thousands of dollars)

12 21 23 24 25 26 31

1962

1963

1964

actual

estimate

estimate

Personnel Compensation: Permanent positions.............................. . Positions other than permanent ,_______

49 9

52 9

Total personnel compensation............. Personnel benefits___________ ___________ Travel and transportation of persons_____ Rent, communications, and utilities_______ Printing and reproduction_______________ Other services__________________________ Supplies and materials__________________ Equipment_____________________________

50 3 3

58 4 4

61 4 3

1

1 1 1 1

1

Total obligations____________ _______

59

70

70

5

5

5

1 6

1 6 8 10.2

1 6 8 10.2

$10,400

$10,537

1 1

1

Personnel Summary Total number of permanent positions_________ Full-time equivalent of other positions________ Average number of all employees_____________ Number of employees at end of year__________ Average GS grade___________________________ Average GS salary__________________________

7 11.5 $10,759

G eneral an d special fu n d s : and

E xpen ses

For necessary expenses in performing the duties of the Commission as authorized by law, including land and structures (not to exceed [$25,000] $ 1 0 4 ,8 0 0 ), special counsel fees, improvement and care of grounds and repairs to buildings (not to exceed [$15,000] $ 1 4 ,5 0 0 ), services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), but at rates for individuals not to exceed $ 1 0 0 per diem, not to exceed $500 for official reception and representation expenses, and purchase of not to exceed two passenger motor vehicles for

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1963

1964

estimate

estimate

Program by activities: 1. Applied technical research and frequency allocation___________________________ 2. Broadcast_____________________________ 3. Safety and special radio services_________ 4. Field engineering and monitoring________ 5. Common carrier_______________________ 6 . Executive, staff, and service_____________ 7. Ultra-high frequency television__________

825 2,961 1,423 3,702 1,371 2,388 1,122

918 3,144 1,504 4,007 1,660 3,520 177

1,181 3,756 1,573 4,914 2,071 3,155

Total program costs, funded 1_________ Change in selected resources2_____________

13,792 -1 5 5

14,930 162

16,650

Total obligations_________ ___________

13,637

15,092

16,650

-1 ,5 4 8

-4 2 6

Financing: Unobligated balance brought forward ( —)