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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