RETURN OF SSU RESERVE BALANCE TO U.S. TREASURY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-01240A000400100008-0
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: July 19, 2000
• Sequence Number: 8
• Publication Date: February 23, 1955
• Content Type: MEMO

Approved For Release 2000/
Technical Accounting Staff
`, i'rograr Analysis Staff J
23 rebruary 195
.S. "Treasury
I dated 2 February 1955
1. Thememorandum referred to above authorizes the Comptroller to
return the balance of SSU Reserve to the U. S. Treasury at such time
as the Comptroller deems appropriate.
to the attention of this office that at the time the
e taken over by CIO and later CIA, the established
equivalent of these assets was $444r.,002,,87. However, only
$219,219.06 was In green dollars. Other assets Included such items as
$145.331.41 in advances. $2,211,996.30 in Foreign Currencies of which
$2,076,631.04 was reported as being overseas, $1,522. 1.83 to gold
of which $651,270.36 was r" rted as being overseas, $313,946.60 in
dollar lnstrudaents and 14,045.61 in precious stones and jewelry.
(The $14,945.61 In precious stones and jewel are now being carrier'
the Agency's books at $18.460.00 as Specia Commodity Assets -
Exhibit *W to memorandum for the record dated 17 t'ebruory 1955.)
3. All of the Items referred to above were commingled with GIG and
CIA regular funds, and it cannot be determined whether a cash count.
was ever made of the book assets acquired fron W.
4. As for as we have boss able to determine cash funds as reported
on the Finance Division books have never been reconciled. Thereto;
we believe that it would be prudent to establish a procedure for the
reconciliation of Finance Division cash and actually reconcile this
cash account before any settlement is made with the V.S. Treasury an
the SSO Reserve.
5. For some time this staff has been concerned over an inability
to reconcile Agency oath from the data availably This
the subject of several discussions between members of our respective
staffs. We realize the difficulties involved, your heavy work-
load, the shortage of available personnel and the complexity of
the problem. ?ertheless, the absence of an established procedure for
the reconcilistign of oath and our inability to reconcile cash with
say degree of certainty make it sufficiently imperative for an to recom-25X1A
me that a procedure for the reconciliation of finance a caz DOCUME
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