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FEDERAL REINCORPORATION OF COMMODITY

CREDIT CORPORATION .

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES

EIGHTIETH CONGRESS

SECOND SESSION

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H. R. 6263
A BILL TO PROVIDE A FEDERAL CHARTER FOR
THE COMMODITY CREDIT CORPORATION,

AND FOR OTHER PURPOSES

APRIL 13, 14, 15, 16, AND 19, 1948

Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

JESSE P. WOLCOTT, Michigan, Chairman RALPH A. GAMBLE, New York

BRENT SPENCE, Kentucky FREDERICK C. SMITH, Ohio

PAUL BROWN, Georgia JOHN C. KUNKEL, Pennsylvania

WRIGHT PATMAN, Texas HENRY O. TALLE, Iowa

A. S. MIKE MONRONEY, Oklahoma FRANK L. SUNDSTROM, New Jersey JOHN H. FOLGER, North Carolina ROLLA C. MCMILLEN, Illinois

BROOKS HAYS, Arkansas CLARENCE E. KILBURN, New York

JOHN H. RILEY, South Carolina HOWARD H. BUFFETT, Nebraska

ALBERT RAINS, Alabama ALBERT M. COLE, Kansas

FRANK BUCHANAN, Pennsylvania MERLIN HULL, Wisconsin

HALE BOGGS, Louisiana WILLIAM G. STRATTON, Illinois

ABRAHAM J. MULTER, New York
HARDIE SCOTT, Pennsylvania
PARKE M. BANTA, Missouri
CHARLES K. FLETCHER, California
DONALD W. NICHOLSON, Massachusetts

WILLIAM J. HALLAHAN, Clerk
ORMAN S. FINK, Technical Staff Director

I

CONTENTS

Page

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H. R. 30. A bill to continue Commodity Credit Corporation as an agency of

the United States on a permanent basis.---

H. R. 5131. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation.---

H. R. 5152. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation.--------

H. R. 5156. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation ------

H. R. 5157. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation ----

H. R. 5160. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation.--

H. R. 5179. A bill to extend the life of the Commodity Credit Corporation

and to extend certain provisions affecting the price-support program for

agricultural commodities. ----

H. Ř. 5218. A bill to extend the applicability of certain provisions affecting

the price-support program for agricultural commodities, and to extend

the life of the Commodity Credit Corporation ----

H. R. 6214. A bill to provide a Federal charter for the Commodity Credit

Corporation.-------

H. R. 6263. A bill to provide a Fedeeral charter for the Commodity Credit

Corporation, and for other purposes---

Statements of —

Andersen, Hon. H. Carl, a Representative in Congress from the

Seventh District of Minnesota...

Crofton, Charles B., representing the North American Export Grain

Association.----

Curtis, Hon. Carl T., a Representative in Congress from the First Dis-

trict of Nebraska ---

Dodd, Norris E., Under Secretary of Agriculture ---
Murray, Hon. Reid F., a Representative in Congress from the Seventh

District of Wisconsin...
Ogg, W. R., director, Washington office, American Farm Bureau

Federation -----

Talle, Hon. Henry 0., a Representative in Congress from the Second

District of Iowa ------

Sanders, J. T., legislative counsel, National Grange.-
Sanford, H. E., chairman, National Grain Trade Council.--

Warren, Hon. Lindsay C., Comptroller General of the United States.
Additional information supplied for the record: .

Anderson, Hon. Clinton P., Secretary of Agriculture, letter from, of
April 16, 1947, to Hon. Arthur H. Vandenberg----

--

Average of percentage changes from each year to the next in produc-

tion of and income from farm products for period 1910–46.--------

Countries represented on International Emergency Food Committee

(list) ----

Dodd, Hon. Norris E., letter from, dated April 20, 1948, to Hon. Henry

0. Talle---

Determination of Commodity Credit Corporation sales prices for

wheat sold under supply program.----

III

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