Reorganization Plan No. 1 of 1950: Hearings Before the Committee on Expenditures in the Executive Departments, United States Senate, Eighty-first Congress, Second Session, on S. Res. 246 and S. Res. 247 ... April 11 and 12, 1950U.S. Government Printing Office, 1950 - 82 pages |
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Page 5
For the foregoing reasons , I doubt the advisability of the proposed transfer of the functions and powers of the Comptroller of the Currency . In all other respects the plan has my unqualified endorsement . Sincerely yours , JOHN W.
For the foregoing reasons , I doubt the advisability of the proposed transfer of the functions and powers of the Comptroller of the Currency . In all other respects the plan has my unqualified endorsement . Sincerely yours , JOHN W.
Page 8
I do not care to comment on that , but I do wish to comment on the first part of this proposal , namely , the independent status ... I got one letter from the president of one national bank saying that he favored the proposed change .
I do not care to comment on that , but I do wish to comment on the first part of this proposal , namely , the independent status ... I got one letter from the president of one national bank saying that he favored the proposed change .
Page 10
Therefore , no reduction of Government expenditures would result from the proposed reorganization plan . 3. Under the plan the Secretary of the Treasury could effect transfers of the funds of the Comptroller's Office , as well as ...
Therefore , no reduction of Government expenditures would result from the proposed reorganization plan . 3. Under the plan the Secretary of the Treasury could effect transfers of the funds of the Comptroller's Office , as well as ...
Page 15
The proposed plan would , in my opinion , weaken his office and therefore weaken his supervision over national banks and inevitably weaken the dual banking system . I hope that you will be successful in your effort to stop ...
The proposed plan would , in my opinion , weaken his office and therefore weaken his supervision over national banks and inevitably weaken the dual banking system . I hope that you will be successful in your effort to stop ...
Page 16
I want to say I think both the National and the State banks are fully justified in asking us , and they do ask us , to disapprove this proposal . The CHAIRMAN . Thank you very much , Senator Robertson . Senator ROBERTSON .
I want to say I think both the National and the State banks are fully justified in asking us , and they do ask us , to disapprove this proposal . The CHAIRMAN . Thank you very much , Senator Robertson . Senator ROBERTSON .
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Common terms and phrases
AMBERG American Bankers Association appointed bank division bank supervisory BENNETT Board of Governors BRUMBAUGH Bureau CHAIRMAN chief examiners committee Comp Comptroller's office Congress Currency decisions delegate department head Deposit Insurance Corporation direction directors disapprove dual banking system dual system economy effect efficiency employee executive branch executive departments exercise expenditures FDIC Federal Deposit Insurance Federal Reserve Board Federal Reserve System FLEMING funds future Secretary GLADNEY Hoover Commission independent status LAWTON legislation line of authority loans MCCORMICK ment National Bank Act national bank examiner national banking system operation opposed percent PETERSON policies political present Secretary President proposed quasi-judicial question recom recommendations record Reorganization Act Reorganization Plan resolution respect responsibility Senator BENTON Senator Capehart Senator LEAHY Senator O'CONOR Senator ROBERTSON Senator SCHOEPPEL sound banking statement system of banking Thank Tioga County tion transfer Treasury Department troller United UNITED STATES SENATE vested
Popular passages
Page 2 - Sec. 2. Performance of functions of Secretary. — The Secretary of the Interior may from time to time make such provisions as he shall deem appropriate authorizing the performance by any other officer, or by any agency or employee, of the Department of the Interior of any function of the Secretary, Including any function transferred to the Secretary by the provisions of this reorganization plan.
Page 2 - Prepared by the President and transmitted to the Senate and the House of Representatives In Congress assembled March 13. 1950, pursuant to the provisions of the Reorganization Act of 1949. approved June 20, 1949 DEPARTMENT OF THE TREASURY SECTION 1.
Page 2 - ... the Coast Guard, which shall constitute a part of the military forces of the United States and which shall operate under the Treasury Department in time of peace and operate as a part of the Navy, subject to the orders of the Secretary of the Navy, in time of war or when the President shall so direct.
Page 73 - There shall be in the Department of the Treasury a bureau charged with the execution of all laws passed by Congress relating to the issue and regulation of national currency secured by United States bonds...
Page 29 - The head of each department is authorized to prescribe regulations, not inconsistent with law, for the government of his department, the conduct of its officers and clerks, and the distribution and performance of its business and the custody, use and preservation of the records, papers, and property appertaining to it.
Page 1 - No. 4 of 1950 is necessary to accomplish one or more of the purposes set forth in section 2 (a) of the Reorganization Act of 1949.
Page 46 - Government, as nearly as may be, according to major purposes ; (5) to reduce the number of agencies by consolidating those having similar functions under a single head, and to abolish such agencies or functions as may not be necessary for the efficient conduct of the Government ; and (6) to eliminate overlapping and duplication of effort.
Page 46 - Government; (3) to increase the efficiency of the operations of the Government to the fullest extent practicable...
Page 1 - I have also found and hereby declare that it is necessary to include in the accompanying reorganization plan, by reason of reorganizations made thereby, provisions for the appointment and compensation of new officers specified in sections 2 and 3 of the plan.
Page 2 - Welfare of any of the records, property, personnel and unexpended balances (available or to be made available) of appropriations, allocations, and other funds of the Department which relate to functions affected by this reorganization plan.
Bibliographic information
| Title | Reorganization Plan No. 1 of 1950: Hearings Before the Committee on Expenditures in the Executive Departments, United States Senate, Eighty-first Congress, Second Session, on S. Res. 246 and S. Res. 247 ... April 11 and 12, 1950 |
| Author | United States. Congress. Senate. Committee on Government Operations |
| Publisher | U.S. Government Printing Office, 1950 |
| Length | 82 pages |
| Export Citation | BiBTeX EndNote RefMan |