are designated by the Treasury Department. The statements required are a "Statement of financial condition," "Statement of income and expense," "Statement of source and application of funds," and "Statement of long-range commitments and contingencies.' This regulation provides a framework for ultimately obtaining the data necessary to disclose as complete as may be desirable and practical, the assets and liabilities of the entire Government.

This Treasury circular and the supplement No. 1 thereto which was issued to furnish the data requested by the Committee on Government Operations and the passage of Public Law 863 will furnish the basis for reporting the assets of the United States Government on a consistent basis and from figures anchored into accounts maintained in accordance with the principles and standards prescribed by the General Accounting Office. The work of the Committee on Government Operations in securing reporting on all assets of the Government has furnished another impetus in improving the quality of the records being maintained and the reports being rendered by various agencies of the Government.

U. S. Information Agency.

See footnotes at end of table, p. 22.

Personal property of the U. S. Government, as of June 30, 1957-Continued

Cash on
hand, in
banks,
and in
transit

Com

Invest

Accounts

ments

and notes
receivable

modities
for sale,
etc.

Work in
process

Materials
and
supplies 1

Loans
receiv-
able

Machinery
and
equipment

Other
assets

Total

4,585 595

29, 064 9, 672

34.472
30

24
135

24 1,486

628, 787 3, 151

217, 259 66,292

1,916 16, 420

916, 131
97, 781
25, 892, 715
69,494, 324

2 Excludes loans guaranteed by the Commodity Credit Corporation amounting to
$360,455,322.
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.

Except with respect to the indebtedness of the Government of Finland ($6,373,485),
this does not include the principal of World War I debt accounts ($11,427,523,084) on
which payments have not been received since 1933.

Does not include an amount of $28,101,644 representing loans to various States pursuant to the act approved June 23, 1836, on which no payments have been received. Foreign currencies in the amount of $1,479,636,000, included in his figure, have been evaluated either at the market rate in effect on June 30, 1957, or at the rate at which

11 」 6,

acquired, depending upon the ultimate ultilization of these foreign currencies. These
currencies have been generated pursuant to various Government programs, but princi-
pally in the sale of surplus agricultural commodities abroad pursuant to title I, Public
Law 480, Agricultural Trade Development and Assistance Act of 1954 (68 Stat. 455), as
amended.
7 Excludes guaranteed loans amounting to $25,433,185.

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 Treasury Department.

Personal property of the U. S. Government, as of June 30, 1957