46 CFR Part 390, Appendix III
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
| Thousands | |
|---|---|
| Cash (exhibit A-1 and B) | $1,025 |
| Securities and stock—adjusted basis (exhibit A-2 and B) | 2,560 |
| Fund total for tax purposes on deposit (exhibit C) | 3,585 |
| Net accrued deposits and withdrawals (exhibit A-3) | 450 |
| Fund total (agrees with balance sheet submitted at this date) on deposit for book purposes—June 30, 19____ | 4,035 |
| Portion of fund total for tax purposes as of June 30, 19____, which represents a “CCF: Security amount” pursuant to an agreement covering the dual use of a capital construction fund | Thousands |
| Balance brought forward | $403 |
| Deposits | 82 |
| Total “CCF: Security Amount” | 485 |
| Thousands | |
| First American Bank, San Francisco, Calif., checking account No. 654-0876-211 | $1,025 |
| Total cash in capital construction fund at June 30, 19____ | 1,025 |
| Adjusted basis | Fair market value | |
| Treasury notes—due July 4, 19____, $800,000 face value, 1st American Bank, San Francisco, Calif., trust account No. 610-2135 | $760 | $760 |
| Negotiable certificate of deposit—due July 31, 19____, $500,000 at 8 percent, 1st American Bank, San Francisco, Calif., CD No. 186007 | 500 | 500 |
| U.S.A. Motors, Inc.—class A common stock, 5,000 shares, Southern California National Bank, trust account No. 358-21 | 625 | 725 |
| Energy Co., Inc.—1st preferred, 4,100 shares, Southern California National Bank, trust account No. 358-21 | 205 | 255 |
| Boon Corp.—class A common stock, 10,000 shares, Southern California National Bank, San Francisco, Calif., trust account No. 358-21 | 470 | 520 |
| Total securities and stock in capital construction fund at June 30, 19____ | 2,560 | 2,760 |
| Thousands |
Accrued deposits: |
| 19____ income (6 mos. ended June 30, 19____) | $500 |
|---|---|
| Depreciation | 200 |
| Total | 700 |
| Accrued withdrawals: Progress payment made from general fund—hull 210 | 250 |
| Net accrued deposits and withdrawals in capital construction fund at June 30, 19____ | 450 |
| Date | Description of transaction | Cash | Securities and stock (at adjusted basis) | Detail |
| Debit | Credit | Debit | Credit |
| Jan. 1, 19____ | Balances brought forward | $1,500,000 | | $2,000,000 | | |
| Jan. 1, 19____ | Bond debt payment—SS Smith. | | $250,000 | | | |
| Jan. 3, 19____ | Deposit 19____ depreciation | 300,000 | | | | |
| Jan. 4, 19____ | Purchased Treasury notes—90 days at 6-percent discount. | | 752,000 | 752,000 | | $800,000 at 6-percent discount. |
| Feb. 29, 19____ | Dividends earned | 4,500 | | | | $0.45 per share on 10,000 shares Boon Corp. |
| Mar. 15, 19____ | Progress payment No. 3 hull 210. | | 172,500 | | | |
| Apr. 4, 19____ | Sale of Treasury notes—cost | 752,000 | | | 752,000 | |
| Income from sale | 48,000 | | | | | |
| Apr. 4, 19____ | Purchased Treasury notes 90 days at 5-percent discount | | 760,000 | 760,000 | | $800,000 at 5-percent discount. |
| Apr. 15, 19____ | Deposit from 19____ earnings | 310,000 | | | | |
| May 15, 19____ | Progress payment No. 4—hull 210. | | 180,000 | | | |
| June 15, 19____ | Sale of stock—cost | 200,000 | | | 200,000 | 4,000 shares at $56.25 per share. |
| Gain on sale of stock | | | | | Energy Co., Inc. | |
| | 25,000 | | | | | |
| Balances carried forward | 1,025,000 | | 2,560,000 | | | |
| Ordinary income | Capital gain | Capital | Total | |
| Opening balance, Jan. 1, 19____ | $1,000,000 | $1,000,000 | $1,500,000 | $3,500,000 |
| Deposits, income, transfers in, etc | 362,500 | 25,000 | 300,000 | 687,500 |
| Total | 1,362,500 | 1,025,000 | 1,800,000 | 4,187,500 |
| Withdrawals, losses, transfers out, etc | | | 602,500 | |
| Balance at June 30, 19____ | 1,362,500 | 1,025,000 | 1,197,500 | 3,585,000 |
| Balance brought forward | $700,000 |
| Qualified withdrawals during period | 352,500 |
| Total qualified withdrawals to date | 1,052,500 |
None.
None.
SS Smith—Official No. 236425:
| Balance brought forward | $500,000 |
|---|---|
| Qualified withdrawals during period | 250,000 |
| Total qualified withdrawals to date | 750,000 |