SUBCOMMITTEES OF THE COMMITTEE ON APPROPRIATIONS HOUSE OF REPRESENTATIVES CARD DIVISION EIGHTY-FIRST CONGRESS SECOND SESSION Printed for the use of the Committee on Appropriations THE DEFICIENCY APPROPRIATION BILL, 1950 HEARINGS BEFORE SUBCOMMITTEES OF THE M.S. Congress. House COMMITTEE ON APPROPRIATIONS. HOUSE OF REPRESENTATIVES EIGHTY-FIRST CONGRESS SECOND SESSION 66040 Printed for the use of the Committee on Appropriations UNITED STATES WASHINGTON: 1950 Ba 19500 COMMITTEE ON APPROPRIATIONS CLARENCE CANNON, Missouri, Chairman JOHN H. KERR, North Carolina ANTONIO M. FERNANDEZ, New Mexico PRINCE H. PRESTON, JR., Georgia OTTO E. PASSMAN, Louisiana LOUIS C. RABAUT, Michigan DANIEL J. FLOOD, Pennsylvania CHRISTOPHER C. MCGRATH, New York SIDNEY R. YATES, Illinois FOSTER FURCOLO, Massachusetts EDWARD H. KRUSE, JR., Indiana JOHN TABER, New York RICHARD B. WIGGLESWORTH, Massachusetts CHARLES A. PLUMLEY, Vermont ALBERT J. ENGEL, Michigan KARL STEFAN, Nebraska FRANCIS CASE, South Dakota H. CARL ANDERSEN, Minnesota FREDERIC R. COUDERT, JR., New York EARL WILSON, Indiana II GEORGE Y. HARVEY, Clerk HOUSING AND HOME FINANCE AGENCY WITNESSES WILLIAM K. DIVERS, CHAIRMAN OF THE BOARD J. ALSTON ADAMS, MEMBER OF THE BOARD R. R. BURKLIN, DIRECTOR, DIVISION OF FHLB OPERATIONS T. CORCORAN, BUDGET OFFICER N. J. EISEMAN, OFFICE OF THE ADMINISTRATOR Mr. THOMAS. Gentlemen, it is nice to see so many of our friends from the Home Loan Bank Board. We are delighted to have with us the Chairman of the Board, Mr. Divers, together with Mr. Adams, who is a member of the Board, also Mr. Burklin, Mr. Husband, Mr. Baughman, and Mr. Corcoran. We have a supplemental request here in House Document No. 455 for 1950 for $120,000 for the Home Owners' Loan Corporation as follows: HOME OWNERS' LOAN CORPORATION The amount made available under this head in title II of the Independent Offices Appropriation Act, 1950, for administrative expenses of the Home Owners' Loan Corporation, is increased from "$1,823,250" to "$1,858,250"; and the amount made available under said head for expenses in connection with the termination or liquidation of accounts carried on the books of the Corporation is increased from "$300,000" to "$500,000.” JUSTIFICATION OF THE ESTIMATE At this point in the record we will insert page 1 of the supplemental justifications, also page 4, all of page 7, and the bottom half of page 8. (The matter above referred to is as follows:) HOME LOAN BANK BOARD, HOME OWNERS' LOAN CORPORATION Exclusion from administrative expenses, HOLO |