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JANUARY 1966 ECONOMIC REPORT OF THE PRESIDENT
HEARINGS
BEFORE THE
JOINT ECONOMIC COMMITTEE
CONGRESS OF THE UNITED STATES
EIGHTY-NINTH CONGRESS
For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C., 20402 - Price 50 cents
CONTENTS
STATEMENTS
FEBRUARY 1, 1966
Ackley, Gardner, Chairman, Council of Economic Advisers, accompanied
by Arthur M. Okun, member, and James Duesenberry, member desig-
nate...
FEBRUARY 2, 1966
Schultze, Charles L., Director, Bureau of the Budget, accompanied by
Samuel M. Cohn, Assistant Director for Budget Review, and William
B. Ross, Chief, Fiscal Analysis.___.
EXHIBITS AND ADDITIONAL INFORMATION
Bureau of the Budget:
Principal Federal statistical programs (Special Analysis K).
Chart submitted in response to Congressman Curtis' request: "Out-
standing direct loans of Federal credit programs, fiscal years 1961-
67"...
Information on deferred defense programs requested by Senator
Jordan...
Page
105
119
136
137
Information on expenditure reduction in the Department of Defense
requested by Senator Jordan..........
141
Table: "Direct sales and participation sales of loans by major Federal
credit programs".
143
Information on SBA budget requested by Senator Sparkman...
Information supplied in response to Representative Reuss' questions:
Systems analysis and the manned lunar landing.......
Analysis of the supersonic transport development program..
145
160
Urban transportation research_
161
162
167
Wage-price guideposts bill__
Preenactment of tax increase..
Answers to questions submitted by Senator Javits..
Council of Economic Advisers:
Answer to Chairman Patman's question regarding interest paid on
the Federal Reserve portfolio_ - -
Information on industries with above average productivity increases
requested by Representative Reuss---
Table: "Industries with above average rates of productivity
growth".
Information on SBA loans requested by Senator Sparkman__
Information on the change in average farm size requested by Senator
Jordan_..
Answer to Representative Griffiths' question regarding discrimination
in employment and potential GNP_
Information on family formation and new housing starts requested by
Senator Proxmire...
Tables:
"Annual change in number of households and annual number
of nonfarm housing starts, 1950-65".
"Rental vacancy rates".
Information on escalation clauses in major collective bargaining
agreements requested by Senator Miller....