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1967 actual

1968 est.

1969 est.

The fund is operated on a commercial basis to the

Unobligated balance... 5,795, 592 5,674, 292 5, 825, 127 5,956, 328

Invested capital and greatest possible extent consistent with law. Administra

earnings.

598, 523 731,551 786, 494 771, 304 tive expenses are charged to the appropriation General Operating reserves. -6,327, 480 -6,335, 599–6,541, 287-6, 657, 130 operating expenses.

Total Govern. The income of the fund is derived from premium

ment equity...

66, 635 70, 245 70, 334 70,502 receipts, interest on investments, and payments which are made to the fund from the appropriation Veterans

Object Classification (in thousands of dollars) insurance and indemnities, for claims (1) resulting from extra hazards of the veterans' service, and (2) arising on Identification code 29-00-8132-0-7-805 certain policies held by personnel on active duty: Assets of the fund, which are largely invested in special 33.0 Investments and loans..

219,966 138, 739 147, 450 Treasury interest-bearing securities and in policy loans, 42.0 Insurance claims and indemnities... 782, 992 587, 491 674, 930 are expected to increase from $6,763 million as of June

99.0
Total obligations

1.002, 958 726, 230 822, 380 30, 1967 to $7,079 million as of June 30, 1969. The actuarial estimate of policy obligations as of June 30, 1967, total $6,692 million, leaving a balance of $70 million for contingency reserves.

UNITED STATES GOVERNMENT LIFE INSURANCE FUND Revenue, Expense, and Retained Earnings (in thousands of dollars)

Program and Financing (in thousands of dollars)

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Assets:

Treasury balance.
U.S. securities (par).
Accounts receivable, net.
Policy loans...
Policy liens
Loans and investments.

1, 106 937, 670

1, 785 83,619

33

2, 144 814, 027

5, 639 81, 906

29 83,250

2,094 790, 750

1,725 80, 306

27 83, 250

1,604 838,000

1,693 78, 906

24

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This fund (72 Stat. 1161) was established in 1919 to receive premiums and pay claims on insurance issued under the provisions of the War Risk Insurance Act. The general decline in the activity of the fund is indicated in the following table (dollars in millions):

June 30, June 30, June 30, June 30,

1966 1967 1968 1969

actual actual estimate estimate Number of policies.

241, 073 229, 433 220,000 207,000 Insurance in force.

$1,052 $1,000

$957 $901 The status of the fund, excluding noncash transactions, is as follows (in thousands of dollars):

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1966 1967 1968 1969 actual actual estimate estimale 960,560 938, 776 816, 171 792, 844

10, 743 13, 304

186 11, 409 8, 250

220 12,000 15,000

260 13,000 15,000

Unexpended balance of fund beginning of

year.. Cash income during year:

Premiums and other receipts.. Payments from general and special fund. Interest on investments..

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Government equity:
Retained earnings (reserve for

contingencies).

27, 807

25,055

22, 150

19, 377

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Total annual cash income.

47,155 43, 077 49,810 44, 725 Cash outgo during year..

68,939 165,682 73, 137 -2,035 Unexpended balance of fund, end of year. 938, 776 816, 171 792, 844 839,604

The Fund is operated on a commercial basis to the greatest possible extent consistent with law. Administrative expenses are charged to the appropriation General operating expenses.

The income of the fund is derived from premium recepits, interest on investments, and payments which are made to the fund from the appropriation Veterans insurance and indemnities for claims (a) resulting from the extra hazards of the veterans service, and (b) arising on certain policies held by personnel on active military duty.

Assets of the fund, which are largely invested in interestbearing securities and policy loans, are estimated to

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99.0

193, 871

99, 681

107, 219 300-100—68-58

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Not to exceed 5 per centum of any appropriation for the current fiscal year for “Compensation and pensions”, “Readjustment benefits”, and “Veterans insurance and indemnities" may be transferred to any other of the mentioned appropriations, but not to exceed 10 per centum of the appropriations so augmented.

Appropriations available to the Veterans Administration for the current fiscal year for salaries and expenses shall be available for services as authorized by 5 U.S.C. 3109.

The appropriation available to the Veterans Administration for the current fiscal year for “Medical care” shall be available for funeral, burial, and other expenses incidental thereto (except burial awards authorized by 38 U.S.C. 902), for beneficiaries of the Veterans Administration receiving care under such appropriations.

No part of the appropriations in this Act for the Veterans Administration (except the appropriation for “Construction of hospital and domiciliary facilities”) shall be available for the purchase of any site for or toward the construction of any new hospital or home.

No part of the foregoing appropriations shall be available for hospitalization or examination of any persons except beneficiaries entitled under the laws bestowing such benefits to veterans, unless reimbursement of cost is made to the appropriation at such rates as may be fixed by the Administrator of Veterans Affairs. (Independent Offices and Department of Housing and Urban Development Appropriation Act, 1968.)

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1967 actual

1968 est.

1969 est.

1968 est.

1969 est.

SALARIES AND EXPENSES

Proposed for separate transmittal, existing legislation:
For necessary expenses of the Administrative Conference of the
United Stales, established by the Administrative Conference Act (78

SALARIES AND EXPENSES
Stat. 615), $250,000.

Program and Financing (in thousands of dollars)
Program and Financing (in thousands of dollars)

Identification code 30-02-0100-1-1-908
Identification code 30-02-0100-0-1-908 1967 actual

Program by activities: Program by activities:

10 Studies to improve administrative pro10 Studies to improve administrative pro

cedure (costs-obligations).

88 cedure (costs-obligations).

250

Financing: Financing:

40 New obligational authority (proposed 40 New obligational authority (appropriation)

250
supplemental appropriation) -

88 Relation of obligations to expenditures:

Relation of obligations to expenditures: 71 Total obligations (affecting expenditures)

250
71 Total obligations (affecting expenditures)

88 74 Obligated balance, end of year.

-10
72 Obligated balance, start of year..

38 74 Obligated balance, end of year.

- 38 90 Expenditures

240
90 Expenditures...

50

38 Expenditures are distributed as follows: 01 Out of current authorizations...

240

Expenditures are distributed as follows: 01 Out of current authorizations..

50

38 The Conference is authorized on a permanent basis to

02 Out of prior authorizations. assist the President, the Congress, the administrative agencies, and executive departments in improving existing This supplemental appropriation will be used to begin administrative procedure. It is responsible for conducting operations of the Administrative Conference in 1968. studies of the efficiency, adequacy, and fairness of present procedures by which Federal administrative agencies and executive departments determine the rights, privileges, AMERICAN BATTLE MONUMENTS COMMISSION and obligations of private persons. The Chairman is required, on bebalf of the Conference,

SALARIES AND EXPENSES to transmit to the President and the Congress an annual report and such interim reports as he deems desirable. A For necessary expenses, not otherwise provided for, of the Amerisupplemental for 1968 is recommended to fund the initial can Battle Monuments Commission, including the acquisition of operations of the Conference.

land or interest in land in foreign countries; purchase and repair of uniforms for caretakers of national cemeteries and monuments out

side of the United States and its territories and possessions; not to Object Classification (in thousands of dollars)

exceed ($64,000] $89,000 for expenses of travel; rent of office and

garage space in foreign countries; purchase ([two] one for replaceIdentification code 30-02-0100-0-1-908

ment only) and hire of passenger motor vehicles; and insurance of

official motor vehicles in foreign countries when required by law of Personnel compensation:

such countries; [$2,370,000) $2,329,000: Provided, That where 11.1 Permanent positions..

164 station allowance has been authorized by the Department of the 11.3 Positions other than permanent..

24 Army for officers of the Army serving the Army at certain foreign

stations, the same allowance shall be authorized for officers of the Total personnel compensation....

188 Armed Forces assigned to the Commission while serving at the same 12.0 Personnel benefits...

12 foreign stations, and this appropriation is hereby made available 21.0 Travel and transportation of persons...

16 for the payment of such allowance: Provided further, That when 23.0 Rent, communications, and utilities...

6 traveling on business of the Commission, officers of the Armed 24.0 Printing and reproduction...

7 Forces serving as members or as secretary of the Commission may 25.1 Other services...

14 be reimbursed for expenses as provided for civilian members of the 26.0 Supplies and materials

3

Commission: Provided further, That the Commission shall reimburse 31.0 Equipment....

4 other Government agencies, including the Armed Forces, for salary,

pay, and allowances of personnel assigned to it. (36 ('.S.C. 121-138b; 99.0 Total obligations.

250

Departments of State, Justice, and Commerce, the Judiciary, and
Related Agencies Appropriation Act, 1968.)

1967 actual

1968 est.

1969 est.

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