U.S. Department of State Fiscal Year 2020 Agency Financial Report

18 F iduciary A ctivities The Resolution of the Iraqi Claims deposit fund 19X6038, Libyan Claims deposit fund 19X6224, the Saudi Arabia Claims deposit fund 19X6225, the France Holocaust Deportation Claims deposit fund 19X6226, and the Belgium Pension Claims Settlement deposit fund 19X6227 are presented in accordance with SFFAS No. 31, Accounting for Fiduciary Activities , and OMB Circular A-136, Financial Reporting Requirements , revised. These deposit funds were authorized by claims settlement agreements between the United States of America and the Governments of Iraq, Libya, Saudi Arabia, France, and Belgium. The agreements authorized the Department to collect contributions from donors for the purpose of providing compensation for certain claims within the scope of the agreements, investment of contributions into Treasury securities, and disbursement of contributions received in accordance with the agreements. As specified in the agreements, donors could include governments, institutions, entities, corporations, associations, and individuals. The Department manages these funds in a fiduciary capacity and does not have ownership rights against its contributions and investments; the assets and activities summarized in the schedules below do not appear in the financial statements. The Department’s fiduciary activities are disclosed in this footnote. Schedule of Fiduciary Activity As of September 30, (dollars in millions) 2020 2019 19X6038 19X6224 19X6225 19X6226 19X6227 Total 19X6038 19X6224 19X6225 19X6226 19X6227 Total Fiduciary Net Assets, Beginning of Year $ — $ — $ 73 $ 3 $ — $ 76 $ 103 $ — $ 69 $ 32 $ 1 $ 205 Contributions — — 15 — — 15 — — 33 — — 33 Investment Earnings — — — — — — 1 — — — — 1 Disbursements to and on behalf of beneficiaries — — (80) (1) — (81) (104) — (29) (29) (1) (163) Increases/(Decreases) in Fiduciary Net Assets — — (65) (1) — (66) (103) — 4 (29) (1) (129) Fiduciary Net Assets, End of Year $ — $ — $ 8 $ 2 $ — $ 10 $ — $ — $ 73 $ 3 $ — $ 76 Fiduciary Net Assets As of September 30, (dollars in millions) 2020 2019 Fiduciary Assets 19X6038 19X6224 19X6225 19X6226 19X6227 Total 19X6038 19X6224 19X6225 19X6226 19X6227 Total Cash & Cash Equivalents Fund Balance with Treasury $ — $ — $ 8 $ 2 $ — $ 10 $ — $ — $ 73 $ 3 $ — $ 76 Total Fiduciary Net Assets $ — $ — $ 8 $ 2 $ — $ 10 $ — $ — $ 73 $ 3 $ — $ 76 104 | U ni ted S tates D epartment of S tate 2020 A gency F inanci al R eport FINANCIAL SECTION | NOTES TO THE PRINCIPAL FINANCIAL STATEMENTS