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6/18/43

Mr. Reere:
In accordance with our telephone conversation
of this morning, there is attached suggested rewrite of
flections 3 and 4.




J. P. Dreibelbis

Section 3. In administer ing t h i s order, the Boerd may u t i l i z e the aarvieea of the Federal Mmmrre Backs, federal Deposit tnsm^
©Bee Corporatism, 0©»ftroller of the Currency, and any other agemele«>
federal or State, wMeh ar© available «md «ppropri«te«

It

gatt to »ueb banks or &g©tSGie0 s l l or stieh pairfc of the
of i t s &lr#etl?«s # o r t t r s , 03? regulatioaa ae i t or th# Icoaoale Stabilia&atioa Director d#termia»« will proaote simple end «ff©ctiT# adaiai»
tration; and any Buch bank or egency, to wliich sucb atninistr&tion hat
been d«l#g«tedt may, ia order to mrr? out asy f\taetio»s so delagatad,
u t i l i s e a l l other powers T««ted ia i t .
Stetion 4. fha Boerd aiiall, so far as praeticable, u t i l i s e
the luforuetion of and eoaault with otlier Federal departmesta ©ad
eles vhiefe h&re actiTltles ©r fimetioaa related to the Batioaal
liz&tiom program, and ia exercising the power* conferred by this order,
shall be governed by the geaeral policy directive® of the leonomie
Stabilisation Direetort