Evening star., 1933-03-27

The text Of the executive order To
which Mr.. Roosevelt referred In his
message to Congress today. as made
public after his message had been read
to an attentive House, follows:
Recognizing agricultural credit
agencies of the United States:
Whereas sections 40l and 403 OF
title Nv Of part II Of the legislative ap-
preparation act. fiscal year 1888, aa
amended by an act Of Congress ap-
proved March 8. 1888. provide:
Section 40l, the Congress hereby
declares that q serious emergency exists
by reason OF the general economic
depression: that, 1t Is imperative to re-
duce drastically governmental expendi-
lures, and that. such reduction may be
accomplished In great measure by pro-
ceeding Immediately under the provi-
sions of this title
Accordingly. the President shall in
vestigate the present organization OF
all executive and administrative
agencies Of the Government and shall
determine what changes therein are
necessary to accomplish the following
"tA) To reduce expenditures to the
fullest extent consistent with the
efncient operation Of the Government,
"tB) To Increase the efficiency of
the operations of the Government to
the fullest extent practicable within
the revenues;
"tC) To group. coordinate, and con-
Solidate executive and administrative
agencies of the Government, a. nearly
as may be, according to major pur-
poses;
I'D To reduce the number Of such
agencies by consolidating those having
similar functions under a single head.
and by abolishing such agencies and
or such functions thereof as may not
be necessary for the efficient conduct
OF the Government;
",ED To eliminate overlapping and
duplication of effort; and
"tF) To segregate regulatory agencies
and functions from nose of an ad-
ministrative and exc -utive character.
Powers Given President.
Section 403. When the President
after investigation, shall flnd and de-
clare that any regrouping. consolida-
ton. transfer or abolition OF any exec
utive agency or agencies and or the
functions thereof is necessary to &C
complish any Of the purposes set forth
in section 401 Of this title, he may by
executive order:
"(a Transfer the whole or any part
Of any executive agency andiOr the
functions thereof to the jurisdiction and
control Of any other executive agency:
"tb) Consolidate the functions vested
in any executive agency; or
"tc) Abolish the whole or any part
OF any executive agency and or the
functions thereof; and
"D) Designate and fix the name
and functions Of any consolidated activ-
ity Of executive agency and the title
powers and duties Of its executive head
except that the President shall not
have authority under this title to abOl-
ish or transfer an executive depart
ment and. or. all the functions thereof
Now. therefore. pursuant to the ALL
thority SO vested in me. and after in
vestigation. it is found and declared
that the following changes in execu-
are necessary to accomplish the pur-
poses set forth In section 4Ol above
recited, and 1t Is hereby ordered that
% The functions Of the Secretary
of Agriculture as q member Of the
Federal Farm Board. and the ofiices OF
the appointed members Of the Federal
Farm Board. except the office Of the
member designated as chairman thereof
are abolished.
Farm Credit Administrat ton"
CD The name of the Federal Farm
Board is changed to the Farm Credit
Administration.
80 The name Of the ONCE Of chair
man Of the Federal Farm Board Is
changed to governor Of the Farm Credit
Administration, and he Is vested with
all the powers and duties Of the Fed
eral Farm Board.
"a The functions OF the Secretary OF
the Treasury as member Of the Fed
eral Farm Loan Board. and the oficers
Of the appointed members Of the Fed
eral Farm Loan Board, except the ONCE
Of the member designated as a farm
loan commissioner, are abolished and
all the powers and functions Of the
Federal Farm Loan Board are trans
ferred to and vested in the farm loan
commissioner, subject to the jurisdiction
and control of the Farm Credit Ad-
ministratiOn as herein provided.
50 There are transferred to the
jurisdiction and control of the Farm
Credit Administration:
(A The Federal Farm Loan Bureau
and the functions thereof; together with
the functions of the Federal Farm Loan
Board. including the functions of the
Farm loan commissioner;
,B) The functions Of the Treasury
Department and the Department Of Ag
riculture, and the Secretaries thereof,
under executive authorizations to give
aid to farmers. dated July 26. 1918. and
any extensions or amendments thereof;
AUricoltur> IIuk r,,~cxson.
(c) The functions of the Secretary OF
Agriculture under all provisions of law
relating to the making Of advances OF
loans to farmers, fruit growers, pro-
ducers, and owners Of live stock and
crops. and to individuals for the pur-
pose Of assisting In forming or increas-
ing the capital stock of agricultural
credit corporations. live stock loan COM
panies, or like organizations, except
public resolution No. "a. SEVENTEEN
Congress, approved December 81, 1928,
providing for the Porto Rican Hurri-
cane Relief Commission:
Cd The crop production loan office
and the seed loan ofice Of the Depart
ment of Agriculture, and the functions
thereof:
(e) The functions Of the Recon-
struction Finance Corporation and its
board Of directors relating to the ap-
pointment Of officers and agents to man.
age regional agricultural credit corpora
tions formed under section 20l (e) OF
the emergency relief and construction
act Of 1892: relating to the establish
ment Of rules and regulations for such
management; and relating to the ap-
proval of loans and advances made by
such corporations and Of the terms and
conditions thereof.
Farm Board Abolished.