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WORLDWIDE GOVERNMENT PERSONALTY
RECAPITULATION AS OF JUNE 30, 1966
[In thousands of dollars]

Agency or department:

Executive, legislative, and judiciary offices, agencies, and establishments of the U.S. Government, including certain financial assets of the Department of Defense, and the Corps of Engineers, civil functions...

Department of Defense (personalty).

Corps of Engineers, civil functions (personalty)

Grand total....

$100, 393, 531 143, 714, 000 311, 000

244, 418, 531

17

TREASURY DEPARTMENT

Washington, D.C.

SUMMARY STATEMENT

The chairman of the Committee on Government Operations, House of Representatives, in a letter dated January 26, 1966, to the Secretary of the Treasury, requested data as of June 30, 1966, on personal property of Government departments and agencies. These data have been requested by the committee each year since 1956 with the exception of fiscal year 1965.

Supplement No. 1 (revised) dated June 16, 1965, to Treasury Department Circular No. 966, requires all agencies not reporting under Circular No. 966 to submit financial statements as of June 30 of each fiscal year. All agencies furnishing statements of financial condition to the Treasury did so with complete cooperation and assistance. These reports enabled the Treasury to prepare the "Statement of Personal Property of the U.S. Government" shown in part III and a statement on "Related Real Property of Selected Agencies, Other Than Defense" shown in part VI of this report.

As in the past, the greater part of the asset reports of the legislative branch, the judiciary, and the Department of Defense, were sent directly to the House committee. By mutual agreement, the amounts reported directly to the committee by the legislative branch and the judiciary, and certain personal property items reported by the Department of Defense directly to the Treasury, are included in this section of the report.

In addition to the comparative summaries that follow, overall summaries that contain public domain, donated property, and other real property have been prepared and are included in part II of this report.

Comparative figures on personal property of the U.S. Government (excluding the greater part of the Department of Defense shown elsewhere in this report) as of June 30, 1966 and 19641

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

As shown in the above summary, total personal property inventories increased during the fiscal years 1965 and 1966 by a net amount of $5,459 million. The largest increase occurred in cash on hand and in banks amounting to $1,906 million represented by an increase of $1,372 million in the cash balance of the Treasurer of the United States and an increase of $534 million in other cash balances. Other major increases in asset classifications were as follows: Investments, $1,633 million; accounts and notes receivable, $1,003 million; loans receivable, $1,370 million, this amount being analyzed by type of loan in a summary table below; and machinery and equipment, $1,114 million. Decreases in personal property inventory occurred in commodities for sale in the amount of $1,239 million, and materials and supplies, $869 million.

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STATEMENT OF PERSONAL PROPERTY OF THE U.S. GOVERNMENT AS OF JUNE 30, 1966

Personal property of the U.S. Government as of June 30, 1966 (excluding the greater part of the Department of Defense shown elsewhere in this

report)-Summary statement

[In thousands of dollars]

[subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][graphic][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small]
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$130, 000, 000
655, 000, 000
350, 000, 000

Direct loans to veterans and reserves.
Loan guaranty revolving fund..

768, 700,000

206, 300, 000

Subtotal..

Grand total.

78,768 13, 631, 357 7,579, 011 0116, 185

2 Includes foreign currency loans amounting to $4,808,512,325 (see footnote 3).
Includes balances of foreign currencies in the dollar equivalent of $2,463,668,174.
These currencies, acquired primarily without the payment of dollars, were generated
under various Government programs, primarily the Agricultural Trade Development and
Assistance Act of 1954, as amended, and the Mutual Security Acts, as amended. Dollar
equivalents are computed, for reporting purposes, to provide a common denominator for
the currencies of the many countries involved. Foreign currencies on hand and on de-
posit, and loans under sec. 104(e) of the Agricultural Trade Development and Assistance
Act of 1954, are stated at the rates as of June 30, 1966, at which the United States could
purchase currencies on the market for regular operating purposes. Other loans are stated
at the rates at which they are to be repaid or at rates in effect when the loans were extended.
Currencies that are dollar denominated or guaranteed as to rate of exchange are stated at
rates specified in the agreements.

4 Excludes $855,245,723 representing loans financed by the sale of certificates of interest
by the Commodity Credit Corporation to private financial institutions, and included in
the Corporation's liabilities.

Includes certain figures on personal property for the Department of Defense not
included under the special section of real and personal property of that Department in
this report.

Has been reduced by participation certificates issued under trust agreements by the
Federal National Mortgage Association, participation sales fund. The face amounts
of participation certificates outstanding for these programs as of June 30, 1966, were-

Federal National Mortgage Association:
Management and liquidating functions.
Special assistance functions..

Small Business Administration....
Veterans' Administration:

'Includes judgments of $290,795,894 in favor of the United States transferred from other
agencies. No reduction has been made for possible uncollectible items.

Does not include the principal of World War I debt accounts amounting to
$11,427,523,084 on which payments have not been received since 1933.

Includes World War I indebtedness of Finland amounting to $4,892,000. Does not
include an amount of $28,102,000 representing loans to various States pursuant to an
act approved June 23, 1836, on which payments have not been received."

10 Excludes $1,385.005,723 representing loans financed by the sale of participation cer-
tificates to private financial institutions, and included in the Bank's liabilities.
"Less than $500.

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

Source: Furnished by the Treasury Department.

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