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 29
... concerned for the forfeiture of its charter ; he may appoint a receiver for any national bank he deems to be insolvent ( the Federal Deposit Insurance Corporation is required to be appointed as such receiver in the case of a closed ...
... concerned for the forfeiture of its charter ; he may appoint a receiver for any national bank he deems to be insolvent ( the Federal Deposit Insurance Corporation is required to be appointed as such receiver in the case of a closed ...
Page 42
... concerned with the plan and for the reasons hereinafter stated urge the Senate to take the necessary action to disapprove it . The effect of the President's plan would be to transfer the functions of the Comptroller of the Currency to ...
... concerned with the plan and for the reasons hereinafter stated urge the Senate to take the necessary action to disapprove it . The effect of the President's plan would be to transfer the functions of the Comptroller of the Currency to ...
Page 46
... concerned with speed and efficiency . Transfer of his functions to the Secretary of the Treasury could not result in improved administration by either the Treasury Secretary or the Comptroller . Second , the plan would not promote ...
... concerned with speed and efficiency . Transfer of his functions to the Secretary of the Treasury could not result in improved administration by either the Treasury Secretary or the Comptroller . Second , the plan would not promote ...
Page 47
... concern solely the supervision and examination of national banks and maintaining their soundness . These duties are not ... concerned . His functions of chartering and supervising only national banks are unique . They do not duplicate or ...
... concern solely the supervision and examination of national banks and maintaining their soundness . These duties are not ... concerned . His functions of chartering and supervising only national banks are unique . They do not duplicate or ...
Page 49
... concern is with the future , because this reorganization plan would be in effect permanently . We in banking , as well as the Congress , must always look ahead to the future . It is not possible for anyone to know now the administrative ...
... concern is with the future , because this reorganization plan would be in effect permanently . We in banking , as well as the Congress , must always look ahead to the future . It is not possible for anyone to know now the administrative ...
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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 Comptroller's office Congress Currency decisions delegate department head Deposit Insurance Corporation direction directors disapproval 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 Government Hoover Commission independent status LAWTON legislation line of authority loans MCCORMICK ment National Bank Act national bank examiner national banking system operation opinion 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 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.