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Total personnel compensation..-12.0 Personnel benefits.... 21.0 Travel and transportation of persons.. 23.0 Rent, communications, and utilities... 24.0 Printing and reproduction.. 25. 1 er services.. 25. 2 Services of other agencies. 26.0 Supplies and materials.

Total obligations, allocation ac- .

counts...

103

5 26 11 36 29 87 1

83

4 26 15

2 27

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EMERGENCY FUND FOR THE PRESIDENT General and special funds:

EMERGENCY FUND FOR THE PRESIDENT For expenses necessary to enable the President, through such officers or agencies of the Government as he may designate, and without regard to such provisions of law regarding the expenditure of Government funds or the compensation and employment of persons in the Government service as he may specify, to provide in his discretion for emergencies affecting the national interest, security, or defense which may arise at home or abroad during the current fiscal year, $1,000,000: Provided, That no part of this appropriation shall be available for allocation to finance a function or project for which function or project a budget estimate of appropriation was transmitted pursuant to law during the Ninetieth Congress or first session of the Ninety-first Congress, and such appropriation denied after consideration thereof by the Senate or House of Representatives or by the Committee on Appropriations of either body. (Executive Office Appropriation Act, 1968.)

Program and Financing (in thousands of dollars)

Obligations are distributed as follows:

Reserved for future allocations..
General Services Administration..
Department of the Interior....
National Advisory Commission on Civil

Disorders.-

57

100

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enue

6. Domestic lending program (Treas

Allocations of borrowing authority by the Office of ury): Other program expense...

17
27

27

Emergency Planning and net borrowing from the U.S. Total operating costs, funded. 225,834 172,149 178,405 Treasury as of June 30, 1967, were as follows (in thousands Capital outlay, funded:

of dollars): i. Minerals and metals production

Borrowing

Net atail

authority Borrowings able for program (General Services

Authorized agency

allocated outstanding borrowing Administration) advances on

General Services Administration 1

1,959,000 1,736,700 222,300 long term contract...

58,000
Department of Agriculture...

93,265 78,606 14,659

35,800 35,000 Total program costs, funded

800 225,834

Department of Interior....
172,149 236, 405
Office of Emergency Planning (reserve). 11,935

11,935 Change in selected resources '.. -151,823 -97,687 -98,349

Total. --

2,100,000 1,850, 306 249,694 10 Total obligations.--

74,011 74,462 138,056

I In addition, an appropriation of $108 million was applied to General Services Financing:

Administration activities, thus providing financing of $2,067 million to that agency. Receipts and reimbursements from: 14 Non-Federal sources: Minerals and

General Services Administration. The program for metals program (General Serv. ices Administration):

expansion of production capacity has included the purSale of commodities... -111,091 –61,333 -60,533

chase and resale of metals, minerals and machine tools, Revenue.

-92 -90 -2,130 and research and pilot plant operations to develop new Machine tool program (General

materials and new techniques for utilizing low-grade Services Administration): Rev

-5

domestic ores. Only one new contract has been entered Mineral exploration program (In

into under the expansion program in recent years, and terior): Loans repaid.

-539 -200 -135 no materials contracts remain outstanding at this time. Domestic lending program (Treas

Otherwise, the major problems now are custody, mainteury): Loans repaid.... -3,172 -2,641 -2,975

nance, and disposition of the materials and facilities. Revenue..

-367 - 344 -289 On March 29, 1966, the President made a finding that Recovery on loan written off..

-26 -3 new expansions of copper production are essential to the Decrease in valuation allow

national security. On November 28, 1967, the General ance-receivables.....

-1,639 21.47 Unobligated balance, start of year:

Services Administration entered into a domestic copper Authorization to spend public debt

production expansion contract providing for delivery of receipts: Available..

-19,814 -62,712 –52.884 approximately 109,000 tons of wirebar copper through 24.47 Unobligated balance, end of year:

the period ending June 30, 1975. The Office of Emergency Authorization to spend public debt

Planning announced in January 1967 an expansion goal receipts: Available...

62,712 52,884 Obligations in excess of availability.

-19,107 for domestic production of rutile. No detailed proposals

have been received under this program to date. New obligational authority...

As one of the inducements for expanding production,

most of the contracts provided a guaranteed market for Relation of obligations to expenditures: 10 Total obligations..

74,011 74,462 138,056

the production from expanded facilities. The option rights 70 Receipts and other offsets (items

of contractors were examined with a view to reducing 11-17).... -116,909 -64,634 -66,065 deliveries to the Government as far as possible within

the terms of the contracts whenever basic stockpiling 71 Obligations affecting expenditures. –42,898 9,828 71.991

objectives have been attained. Between July 1, 1957, and Obligated balance, start of year:

June 30, 1967, a reduction of $449.1 million in gross com72.47 Authorization to spend public debt

mitments was attained through renegotiation of contracts. receipts.

56,945 186,982 193,095

However, significant amounts of materials have been de72.98 Fund balance.

121,143 53,213

37,467 livered to the Defense Production Act inventory under Obligated balance, end of

year: 74.47 Authorization to spend public debt

these contracts. Progress has been made in disposing of receipts.

-186,982 –193,095 - 154,368 these materials primarily by sales to other Government 74.98 Fund balance.

-53,213 -37,467

-5,088 agencies and industry and steps are being taken to in

crease and accelerate the disposal program for these ma90 Expenditures.

-105.004 19,461 143,097

terials wherever this can be accomplished without disExpenditures are distributed as follows:

ruptive effects on the market. Investment in inventory 02 Out of prior authorizations.

– 105,004 19, 461 143,097 of $1,500 million on June 30, 1963, has been reduced to

$1,030 million on June 30, 1967, and is expected to be Cash transactions:

further reduced to $835 million by June 30, 1969. 93 Gross expenditures.

32,837 84,095 209,162

A summary of sales transactions involving the strategic 94 Applicable receipts.

-137,841 -64,634 -66,065

minerals and metals under this fund follows (in millions 1 Balances of selected resources

of dollars): are identified on the statement of financial

1967 actual

1969 estimate Opening inventory (cost).

1,182 1,030

933 Under the Defense Production Act of 1950, as amended, designated agencies are authorized with' Presidential Less cost of goods sold: approval to incur obligations and make expenditures to

Sales receipts.

111

61

61 Loss on sales.

38
33

34 expand production of critical materials for programs certified as essential to the national defense by the Office

Cost of goods sold.

149

94

95 of Emergency Planning. The program is conducted

3

3 primarily through a revolving fund financed by borrowing Less transfer for upgrading

3 from the Treasury. The amount borrowed may not

Closing inventory (cost).

1,030

933 exceed $2.1 billion outstanding at any one time.

835

coadition.

1968 estimate

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1968 est.

1969 est.

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Federal Funds-Continued

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

1967 actual EXPANSION OF DEFENSE PRODUCTION—Con.

General Services Administration:
General and special funds-Continued

Minerals and metals program:
Revenue.

111,183 61,423 62,663 REVOLVING FUND, DEFENSE PRODUCTION ACT-Continued

Expense.

149,304 94.697 95,359

Net operating loss, minerals and Department of Agriculture.The purchase, management,

metals program.

-38,121 -33,274 -32,696 and resale of agricultural commodities, except forest products, was carried out by the Commodity Credit Corpora

Machine tool program: tion, which was reimbursed from an allocation to the

Revenue

5

2
Expense.

25
5

5 Secretary of Agriculture from this DPA fund. The program was completed by 1961, but interest expense still Net operating loss, machine tool accumulates on the loss incurred.

program..

-20
-5

-5 Department of the Interior.-Department of the Interior

Undistributed (net operating loss) ---- -68,989 -69,891 -74,825 operations to expand defense production under section 303 of the Defense Production Act of 1950 prior to 1968 Nonoperating income or loss: Inventory were limited to the encouragement of exploration for stra- adjustment..

-7 tegic and critical mineral commodities. The operations

Transfers to other General Services

Administration funds: are administered by the Office of Minerals Exploration,

Commodities...

-2,496 -3,000 -3.000 a unit of the Geological Survey. This Office uses appropriated funds to administer the Defense Minerals Explo- Net nonoperating loss.

-2,503 -3,000 --3.000 ration Administration contracts under which royalty

Net loss for the year, General obligations remain.

Services Administration.-- -109,633 -106,170 -110,526 Obligations for repayment of loans (on a royalty basisno interest) remain on 98 contracts amounting to $4,978 Department of Agriculture: Expense (net

loss) for the year.

-3,414 -2,763 thousand. Royalties on production from any of these

-3,269 projects within specified periods will be applied toward Department of the Interior: the Government funds spent. Royalties received totaled Expense

-1,607 - 1,781 -1,935 $6,245 thousand on a cumulative basis at the end of 1967 Nonoperating income or loss:

Loans written off.

-1,022 -500 and are estimated at $200 thousand for 1968 and $135

- 500 Decrease in valuation allowance.

3,533

500

500 thousand for 1969.

For 1968, this program will include the rutile and Net income or loss for the year. titaniferous materials development program for which Department of the Interior ...

904 - 1,781 -1,935 $525 thousand has been provided. This program will also

Treasury Department: be administered by the Office of Minerals Exploration, Revenue.

367
344

289 but will be carried out in cooperation with GSA and the Expense.

17
27

27 Bureau of Mines.

Net operating income.

350
317

262 Treasury Department.-- The function of making and administering loans to private business enterprises under

Nonoperating income or loss: the authority of section 302 of the Defense Production Recovery on loan written off

4
26

3 Act of 1950, as amended, was assigned to the Secretary Decrease in valuation allowance... 14, 155 of the Treasury by Executive Order 10489, dated Sep

Net nonoperating income or loss.. 14, 159

26

3 tember 26, 1953. Applications for loans are considered only upon certification of essentiality by the Office of Net income for the year, Treasury Emergency Planning.

Department.

14,509

343

265 No new loans were authorized during 1967. It is antici

Net loss for the year.

-97, 634 -110,371 -115, 465 pated that there will be no additional loans authorized Analysis of deficit: during 1968.

Deficit, start of year.

--896, 033 -993, 667 -1, 104.038 Loans outstanding are estimated for 1968 and 1969 as

Deficit, end of year.

-993, 667 -1, 104,038 -1,219, 503 follows (in thousands of dollars):

Financial Condition (in thousands of dollars) Outstanding, beginning of year

14,916 11,744 9,103 Repayments during year..

3,172 2,641 2,975 Outstanding, end of year..

11,744 9,103

6,128

Assets:
Treasury balance.

121, 143 53, 213 37, 467 5, 506

Accounts receivable, net.. 26, 531 5,089 5,088 5, 088
Financial condition.-Outstanding borrowings from the Selected assets:
U.S. Treasury are approximately $1.85 billion whereas Advances to agents and
assets under the DPA revolving fund are made up almost employees..

2
1
1

1 Deferred charges.

68 entirely of minerals and metals inventory which, on June

Commodities for sale... 1,181,580 1,029, 826 932, 139 833, 790 30, 1967, had a book value of about $1 billion and a Loans receivable, net..

2,918 14, 233 11, 391

8, 281 market value of about $0.6 billion. Interest on borrowings,

Advances on long-term

58.000 accruing at an annual rate of about $75 million, will be

Land, structures, and nearly offset by inventory sales in 1968 and 1969. However, equipment, net

101
76
61

46 this sole remaining significant source of income will be

Total assets.

1,332, 343 1, 102, 437 986, 147 910, 712 insufficient even for interest payments within a few years.

1967

1968

1969

1966 actual

1967 actual

1969 est.

1969 est.

contract.

EXPENSES OF MANAGEMENT IMPROVEMENT

203, 250

244, 524

234, 891

163, 785

Liabilities:

Accrued interest payable.
Accounts payable and

accrued liabilities.. Deferred credits...

General and special funds:

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EXPENSES OF MANAGEMENT IMPROVEMENT For expenses necessary to assist the President in improving the management of executive agencies and in obtaining greater economy and efficiency through the establishment of more efficient business methods in Government operations, including services as authorized by title 5, United States Code, section 3109, by allocation to any agency or office in the executive branch for the conduct, under the general direction of the Bureau of the Budget, of examinations and appraisals of, and the development and installation of improvements in, the organization and operations of such agency or of other agencies in the executive branch, $350,000, to remain available until expended, and to be available without regard to the provisions of subsection (c) of section 3679 of the Revised Statutes, as amended. (Executive Office Appropriation Act, 1968.)

ury, net..

-32, 847 -172, 935

3,715

111, 136

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Program and Financing (in thousands of dollars)

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1969 est.

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These funds are to enable the President to develop and

install improvements in the management, organization, 564

and operation of the agencies of the executive branch. 5 4

During 1966 funds have been used for studies of Federal

employee retirement systems, changes in occupational 573 patterns, and use of automatic data processing in the 47 analysis of appropriation acts. Previous studies have 16

been made of food service space requirements in Federal 2 hospitals, decisionmaking in the regulatory agencies,

handling of foreign affairs operational information, and 5

pay rates of State and local government employees. 1, 101

4
98, 352

Object Classification in thousands of dollars)
58,000
78, 204 Identification code 04-07-0061-0-1-903

565
47
17
4
2
97

5
1,699

4 97,690

81

4 1,007

3 151, 809

72, 418

72,019

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225, 834 - 151, 823

92.0 Undistributed for future allocations...

Total costs. 94.0 Changes in selected resources 99.0 Total obligations..

172, 149 - 97,687

236, 405 -98, 349

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Obligations are distributed as follows:

General Services Administration.
Department of the Interior..
Treasury Department...
Department of Agriculture...

59 73

permanent

17
4
2

68, 973
1,607

17
3,414

69,891
1, 781

27
2, 763

132, 825
1,935

27
3,269

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Personnel Summary

23

1 2 12

2. 37

56
3

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99.0

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1967 actual

1968 est.

1969 est.

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Federal Funds-Continued

$1,778.8 million had been subscribed as of September

30, 1967. Of the total subscribed, the equivalent of $383.6 EXPENSES OF MANAGEMENT IMPROVEMENT- million is in the form of paid-in capital, and the remaining Continued

$1,395.2 million is subject to call by the Bank if required

to meet its obligations arising out of borrowings or guarGeneral and special funds-Continued

antees. The U.S. subscription to ordinary capital as of EXPENSES OF MANAGEMENT IMPROVEMENT-Continued September 30, 1967, totaled $761.8 million. Object Classification (in thousands of dollars)--Continued

By September 30, 1967, Bank commitments from

ordinary capital had reached $873 million equivalent on Identification code 04-07-0061-0-1-903

151 loans.

Fund for Special Operations. In addition to its ordiObligations are distributed as follows: Reserved for future allocations..

nary capital operations, the Bank lends from its Fund for 280

350 Bureau of the Budget..

151

Special Operations in circumstances where ordinary capCivil Service Commission.

60

ital financing is not appropriate. As of September 30, 1967, Department of Defense.

20

the total resources of the Fund for Special Operations were General Services Administration.

60

$1,121.4 million.

The Board of Governors of the Bank recommended an Personnel Summary

increase in Fund resources of $400 million per year to

support operations during the 3-year period from early ALLOCATION ACCOUNTS

calendar 1968 through early calendar 1971. The U.S. share Average number of all employees.

3
2

of this increase is $300 million per year or a total of $900
million. The latter amount has been authorized by the

Congress (Public Law 90–88 of September 22, 1967). An INTERNATIONAL FINANCIAL INSTITUTIONS appropriation for the first $300 million installment of the

U.S. contribution was obtained in 1968. Subsequent General and special funds:

installments are due in 1969 and 1970. INVESTMENT IN INTER-AMERICAN DEVELOPMENT BANK

As of September 30, 1967, commitments from the Fund

for Special Operations amounted to $810.8 million equivFor subscription to the Inter-American Development Bank for alent on 151 Ioans. the [first] second installment of the United States share in the 1968–1970 increase in the resources of the Fund for Special Operations of the Bank, $300,000,000, to remain available until expended. (22 U.S.C. 283,81 Stat. 226; Foreign Assistance and Related Agencies

[SUBSCRIPTION TO THE INTERNATIONAL DEVELOPMENT Appropriation Act, 1968.)

Association]
Program and Financing (in thousands of dollars)

[For payment of the third installment of the supplementary

contributions of the United States to the International DevelopIdentification code 04-08-0072-0-1-152 1967 actual

ment Association, $104,000,000, to remain available until expended.] (22 U.S.C. 284e; Foreign Assistance and Related Agencies

Appropriation Act, 1968.) Program by activities: 10 Investment in Inter-American Development Bank (costs—obliga.

Program and Financing (in thousands of dollars) tions) (object class 33.0). 250,000 300,000 300,000

Identification code 04-08-0073-0-1-152 1967 actual 1968 est. Financing: 21 Unobligated balance available, start

Program by activities: -611,760 -611,760 -611.760 10 Investment in International Develop24 Unobligated balance available, end of

ment Association (costs-obligations) year..611,760 611.760 611,760

(object class 33.0)....

104,000 104,000 40 New obligational authority (ap

Financing:
propriation).
250,000 300,000 300,000 40 New obligational authority (appropria-

tion)

104,000 104,000 Relation of obligations to expenditures: 71 Total obligations (affecting expendi

Relation of obligation to expenditures: tures) 250,000 300.000 300,000

104,000

71 Total obligations (affecting expenditures) 72 Obligated balance, start of year.

104,000
631,500 827,500 1,039,500
72 Obligated balance, start of year.

168,000 166,000 145,000 74 Obligated balance, end of year. -827,500 -1,039,500 -1,219,500

74 Obligated balance, end of year.

-166,000 -145,000 -75,000 90 Expenditures...

54.000 88,000 120,000
90 Expenditures -

106,000 125,000 70,000 Expenditures are distributed as follows: 02 Out of prior authorizations...

54,000 88,000 120,000 Expenditures are distributed as follows:
02 Out of prior authorizations...

106.000 125,000 70.000 The Inter-American Development Bank (IDB) is an intergovernmental institution, corporate in form, whose The International Development Association is an incapital stock is owned by its member governments. The ternational organization affiliated with the International Bank promotes economic development in member coun- Bank for Reconstruction and Development (the World tries through loans, technical assistance, and guarantees Bank), and is designed to provide development financing of private investment in development projects. Twenty- with long-term credits at a nominal service charge for its one Western Hemisphere republics, including the United less developed member countries. States, are members of the Bank.

U.S. membership in the International Development Ordinary capital.The Bank's authorized ordinary Association was authorized by Public Law 86-565 (74 capital is now the equivalent of $2,150 million of which Stat. 293), approved June 30, 1960. The United States

1968 est.

1969 est.

1969 est.

of year.

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