Monday, Sep. 18, 1950
Priorities, Allocations & Requisitions
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Key Government assignments under the new Defense Production Act:
DEPARTMENT OF THE INTERIOR: petroleum, gas, solid fuels, electric power.
DEPARTMENT OF AGRICULTURE : food, farm equipment, commercial fertilizer.
INTERSTATE COMMERCE COMMISSION : domestic transportation, storage and port facilities.
DEPARTMENT OF COMMERCE: all other materials and facilities (e.g., lumber, steel, nonferrous metals, chemicals).
Credit & Finance
HOUSING AND HOME FINANCE AGENCY : power to regulate home loans.
FEDERAL RESERVE BOARD: power to regulate installment buying (see BUSINESS).
FEDERAL RESERVE BANKS: authority to guarantee loans for defense production.
Manpower
DEPARTMENT OF LABOR. Overall Coordination & Planning
W. STUART SYMINGTON, Chairman of The National Security Resources Board.
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