Details of discrepancies (including discrepancies reported by former Treasury committee).

Details of discrepancies (including discrepancies reported by former Treasury committee)—

Continued.

Details of discrepancies (including discrepancies reported by former Treasury committee)—

Continued.

Estimates of appropriations required for the service of the fiscal year ending June 30, 1923, by the Treasury Department, Office of the Secretary.

The Secretary of the Treasury is authorized to adjust discrepancies existing on April 8, 1922, in the paper accounts between the Office of the Secretary and the Bureau of Engraving and Printing, and there is hereby appropriated out of any money in the Treasury not otherwise appropriated the sum of $100,000, or so much thereof as may be necessary, for the adjustment of any actual losses that may be shown to have occurred to the Government on account of any such discrepancies.....

O

$100,000

4th Session.

1 No. 336.

COLLECTION AND DISBURSEMENT OF PUBLIC MONEYS.

COMMUNICATION

FROM

THE PRESIDENT OF THE UNITED STATES,

TRANSMITTING,

THE

TOGETHER WITH AN ACCOMPANYING LETTER FROM DIRECTOR OF THE BUREAU OF THE BUDGET, A SUPPLEMENTAL ESTIMATE OF APPROPRIATION FOR THE TREASURY DEPARTMENT FOR THE FISCAL YEAR ENDING JUNE 30, 1923, FOR THE COLLECTION, SAFE-KEEPING, TRANSFER, AND DISBURSEMENT OF PUBLIC MONEYS, $15,000.

FEBRUARY 28, 1923.-Read; referred to the Committee on Appropriations and ordered to be printed.

The PRESIDENT OF THE SENATE.

THE WHITE HOUSE, Washington, February 27, 1923.

SIR: I have the honor to transmit herewith for the consideration of Congress a supplemental estimate of appropriation for the Treasury Department for the fiscal year ending June 30, 1923, for the collection, safe-keeping, transfer, and disbursement of public moneys, $15,000.

The details of this estimate and the reason for its submission at this time are set forth in a letter from the Secretary of the Treasury to the Director of the Bureau of the Budget, dated February 26, 1923, transmitted herewith.

Respectfully,

SD-67-4-vol 12-77

WARREN G. HARDING.

TREASURY Department,

BUREAU OF THE BUDGET,
Washington, February 27, 1923.

SIR: I have the honor to submit herewith for your consideration, and upon your approval for transmission to Congress, a supplemental estimate of appropriation for the Treasury Department for the fiscal year ending June 30, 1923, for expenses of the collection, safe-keeping, transfer, and disbursement of public moneys, under the requirements of section 3653 of the Revised Statutes, amounting to $15,000. Division of Bookkeeping and Warrants: Contingent expenses, public moneys, for contingent expenses under the requirements of section 3653 of the Revised Statutes, for the collection, safe-keeping, transfer, and disbursement of the public money, etc., including the same objects specified under this head in the act making appropriations for the Treasury Department for the fiscal year 1923 (R. S. 718, 719, secs. 3649–3653; act Feb. 17, 1922, vol. 42, p. 371, sec. 1).........

$15,000

The details concerning this estimate and the reason for its submission at this time are set forth in a letter from the Secretary of the Treasury, dated February 26, 1923, transmitted herewith.

Your approval of this estimate is recommended.

Very respectfully,

The PRESIDENT.

Brig. Gen. H. M. LORD,

R. O. KLOEBER,

Acting Director of the Bureau of the Budget.

TREASURY DEPARTMENT, Washington, February 26, 1923.

Director of the Bureau of the Budget.

SIR: There is transmitted herewith a supplemental estimate of appropriation required by the Division of Bookkeeping and Warrants under the appropriation, "Contingent expenses, public moneys, for the service of the fiscal year 1923, in the sum of $15,000, in order to provide for the prompt handling of public moneys.

This additional amount is urgently needed in view of the large increase in the amount of new United States currency forwarded to the Federal reserve banks and branches for use in connection with the performance of former subtreasury functions, pursuant to the act approved May 29, 1920, as redemption points for unfit United States paper currency, and distribution centers for new currency to banks or other applicants. The appropriation, "Contingent expenses, public moneys," is chargeable with the insurance charges on the new currency and for postage paid on the unfit currency being returned.

For the seven months ended January 31, 1923, new currency to the amount of $591,348,000 was forwarded, involving insurance charges in the amount of $33,502.61, while the shipments amounted to but $372,240,000 in the corresponding period of the fiscal year 1922, the insurance charges thereon being $22,555.11. The amount of postage on the return of currency unfit for circulation for the same period for the fiscal year 1923 was $30,634.86, as compared with $25,555.11 for the corresponding period of the fiscal year 1922, the increase being due to the enlarged volume of currency returned for redemption.