{"data":{"id":"us/46-cfr-appendix-iii-to-part-390","jurisdiction":"us","citation":"46 CFR Appendix III to Part 390","heading":"Appendix III to Part 390—U.S. Department of Transportation, Maritime Administration—Sample Semiannual Report","body":"[Illustrative sample of the report required by the Maritime Administration pursuant to 46 CFR part 390 prescribing the capital construction fund reporting requirements to be followed by those companies which are party to a capital construction fund agreement]\nExhibit A—XYZ Co., Summary of cash, securities, and stock on deposit and net accrued deposits to and accrued withdrawals from the capital construction fund as of june 30, 19____\nThousands\nCash (exhibit A-1 and B) $1,025\nSecurities and stock—adjusted basis (exhibit A-2 and B) 2,560\nFund total for tax purposes on deposit (exhibit C) 3,585\nNet accrued deposits and withdrawals (exhibit A-3) 450\nFund total (agrees with balance sheet submitted at this date) on deposit for book purposes—June 30, 19____ 4,035\nPortion 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\nBalance brought forward $403\nDeposits 82\nTotal “CCF: Security Amount” 485\nExhibit A-1—XYZ Company\nsummary of cash on deposit in capital construction fund as of june 30, 19____\nThousands\nFirst American Bank, San Francisco, Calif., checking account No. 654-0876-211 $1,025\nTotal cash in capital construction fund at June 30, 19____ 1,025\nExhibit A-2—XYZ Co., Summary of Securities and Stock (Adjusted Basis and Fair Market Value) in Capital Construction Fund as of June 30, 19____(in Thousands)\nAdjusted basis Fair market value\nTreasury notes—due July 4, 19____, $800,000 face value, 1st American Bank, San Francisco, Calif., trust account No. 610-2135 $760 $760\nNegotiable certificate of deposit—due July 31, 19____, $500,000 at 8 percent, 1st American Bank, San Francisco, Calif., CD No. 186007 500 500\nU.S.A. Motors, Inc.—class A common stock, 5,000 shares, Southern California National Bank, trust account No. 358-21 625 725\nEnergy Co., Inc.—1st preferred, 4,100 shares, Southern California National Bank, trust account No. 358-21 205 255\nBoon Corp.—class A common stock, 10,000 shares, Southern California National Bank, San Francisco, Calif., trust account No. 358-21 470 520\nTotal securities and stock in capital construction fund at June 30, 19____ 2,560 2,760\nExhibit A-3—XYZ Co., Summary of Net Accrued Deposits and Withdrawals in Capital Construction Fund as of June 19____\nThousands\nAccrued deposits:\n19____ income (6 mos. ended June 30, 19____) $500\nDepreciation 200\nTotal 700\nAccrued withdrawals: Progress payment made from general fund—hull 210 250\nNet accrued deposits and withdrawals in capital construction fund at June 30, 19____ 450\nExhibit B—XYZ Co., Transcript of Transactions in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____\nDate Description of transaction Cash Securities and stock (at adjusted basis) Detail\nDebit Credit Debit Credit\nJan. 1, 19____ Balances brought forward $1,500,000 $2,000,000\nJan. 1, 19____ Bond debt payment—SS Smith. $250,000\nJan. 3, 19____ Deposit 19____ depreciation 300,000\nJan. 4, 19____ Purchased Treasury notes—90 days at 6-percent discount. 752,000 752,000 $800,000 at 6-percent discount.\nFeb. 29, 19____ Dividends earned 4,500 $0.45 per share on 10,000 shares Boon Corp.\nMar. 15, 19____ Progress payment No. 3 hull 210. 172,500\nApr. 4, 19____ Sale of Treasury notes—cost 752,000 752,000\nIncome from sale 48,000\nApr. 4, 19____ Purchased Treasury notes 90 days at 5-percent discount 760,000 760,000 $800,000 at 5-percent discount.\nApr. 15, 19____ Deposit from 19____ earnings 310,000\nMay 15, 19____ Progress payment No. 4—hull 210. 180,000\nJune 15, 19____ Sale of stock—cost 200,000 200,000 4,000 shares at $56.25 per share.\nGain on sale of stock Energy Co., Inc.\n25,000\nBalances carried forward 1,025,000 2,560,000\nExhibit C—XYZ Co., Summary of Total Transaction Affecting the Tax Account Balances in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____\nOrdinary income Capital gain Capital Total\nOpening balance, Jan. 1, 19____ $1,000,000 $1,000,000 $1,500,000 $3,500,000\nDeposits, income, transfers in, etc 362,500 25,000 300,000 687,500\nTotal 1,362,500 1,025,000 1,800,000 4,187,500\nWithdrawals, losses, transfers out, etc 602,500\nBalance at June 30, 19____ 1,362,500 1,025,000 1,197,500 3,585,000\nExhibit D—XYZ Company\nsummary by vessel of qualified withdrawals from the fund for the six months ending june 30, 19____\nA. Acquisition or Construction of Vessels\n(1) 80,000 dwt tanker: No qualified withdrawals have been made to date; construction is presently scheduled to commence in mid-1977.\n(2) 130-foot ocean tug hull No. 210:\nBalance brought forward $700,000\nQualified withdrawals during period 352,500\nTotal qualified withdrawals to date 1,052,500\n130-foot ocean tug hull No. 211: No withdrawals have been made to date; construction is presently scheduled to commence in November 1975\nB. Acquisition or Construction of Barges, Containers and Trailers\n250-foot tank barge: No qualified withdrawals have been made to date; construction presently scheduled to commence in November 1975.\nC. Reconstruction of Vessels\nNone.\nD. Reconstruction of Barges, Containers, and Trailers\nNone.\nE. Payment of Principal on Existing Indebtedness\nSS Smith—Official No. 236425:\nBalance brought forward $500,000\nQualified withdrawals during period 250,000\nTotal qualified withdrawals to date 750,000","path":["Title 46—Shipping","CHAPTER II—MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION","SUBCHAPTER K—REGULATIONS UNDER PUBLIC LAW 91-469","PART 390—CAPITAL CONSTRUCTION FUND"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-46.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:22Z","sha256":"3c4d9a26a66b9b3806b78099f1dd17976c58bb834812b2ae7711414a4a3eb25a","source_id":"us-cfr","stale":true,"prev":"us/46-cfr-appendix-ii-to-part-390","next":"us/46-cfr-appendix-iv-to-part-390"},"notice":"GroundRules: Original legal text. Not legal advice."}