or special, made prior to the closing of the loan, to purchase such loan subject to its being insured.

(b) A current account shall be maintained in the name of each insured lender or purchaser. The account shall be credited with the appropriate amounts available for the payment of losses on insured loans made or purchased. The account shall be debited with appropriate amounts on account of transfers, purchases under § 36.4318, or payment of losses. The Administrator may on six months notice close any lender's insurance account. Such account after expiration of the six months period shall be available only as to loans embraced therein.

§ 36.4371 Amount payable by Administrator for credit on loan. The amount payable by the Administrator for credit on the loan in accordance with section 508 (c) of the act will be 4% of the amount credited to the lender's insurance account for the particular loan.

§ 36.4372 Transfer of insured loans. (a) In cases involving the transfer from one insured financial institution to another insured institution of loans which are transferred without recourse, guaranty, or repurchase agreement, if no payment on any loan included in the transfer is past due more than one calendar month at the time of transfer there shall be transferred from the insurance account of the transferor to the insurance account of the transferee an amount equal to the original percentage credited to the insurance account in respect to each loan being transferred applied to the unpaid balance of such loans, or to the purchase price, whichever is the lesser.

(b) Transfers between insurance accounts in a manner or under conditions not provided in paragraph (a) of this section must have the prior approval of the Administrator.

(c) Where loans are transferred with recourse or under a guaranty or repurchase agreement no insurance credit will be transferred or insurance account affected and no reports will be required.

(d) In all cases of transfer of loans from one insured financial institution

to another insured institution, except as provided in paragraph (c) of this section, a report on a prescribed form executed by the parties and showing their agreement with regard to the transfer of insurance credits shall be made to the Administrator.

§ 36.4373 Debits and credits to insurance account under § 36.4318. In the event that an insured loan is transferred under the provisions of § 36.4318, there shall be charged to the insurance account of the transferor a sum equal to the amount paid transferor on account of the indebtedness less the current market value of the property transferred as security therefor as determined by an appraiser designated by the Administrator, or the amount chargeable to such insurance account in the event of a transfer under § 36.4372, whichever sum is the greater. The credit to the insurance account of the transferee will be computed in accordance with § 36.4372 (a).

(a)

§ 36.4374 Payment of insurance. In the event that pursuant to notice under 36.4317 the holder forecloses or otherwise liquidates and applies the proceeds of security toward reduction of an insured loan, the net loss shall be reported to the Administrator with proper claim, whereupon the holder shall be entitled to payment of the claim within the amount then available for such payment under the payee's related insurance account. Subject to the provisions of paragraph (b) of this section and to § 36.4370 (b) a supplemental claim for any balance of an insurance loss may be filed at any time within five years after the date of the original claim.

(b) The basis of the claim for an insurance loss shall consist in the unrealized principal or the amount paid for the obligation, if less, plus unrealized interest, subject to the applicable dates specified in § 36.4321 (a), and thosc expenses, if any, allowable under § 36.4313, but subject to proper credits because of payments, set-off, proceeds of security. or otherwise.

§ 36.4375 Reports of insured institutions. An insured financial institution shall make such reports respecting its insurance accounts as the Administrator may from time to time require, not more frequently than semiannually.

1.6

1.7

1.8

1.9

1.10 1.11

Office of the Second Assistant Post-
master General.

Office of the Third Assistant Postmaster
General.

Office of the Fourth Assistant Post-
master General.

Office of the Chief Inspector. Comptroller, Bureau of Accounts. Information concerning postal matters. 1.12 Availability of opinions, orders, and official records.

AUTHORITY: §§ 1.4 to 1.12, inclusive, issued under R. S. 161, 396, sec. 304, 309, 42 Stat. 24, 25; 5 U. S. C. 22, 369.

SOURCE: §§ 1.4 to 1.12, inclusive, contained in Statement of Establishment and Organization, Postmaster General, Aug. 28, 1946, effective Sept. 11, 1946, 11 F.R. 177A-114, except as noted following provision affected.

$ 1.4 Office of the Postmaster General (a) Matters assigned. The Postmaster General assigns to his office: The superintendence and government of the department, and appointment of the officers, clerks, and employees; the general direction of the Postal Service in all its branches, the management of its finances, and disbursement of appropriations; the appointment of postmasters of the fourth class; the submission of cases to the President relating to appointments to be made by him; the determination of appeals from the action of the several Assistant Postmasters General; the promulgation of rules and regulations; the consideration of claims for damage done to persons or property by or through the operation of the Post Office Department and claims of postmasters for credit or reimbursement for losses by fire, burglary, or other unavoidable casualty; the issuance of all orders requiring the formal approval of the Postmaster General; the custody of the official seal; and the performance of all

special duties enjoined by law upon the Postmaster General.

(b) Officers attached to Office of the Postmaster General. The Executive Assistant to the Postmaster General, the Special Assistant to the Postmaster General, the Director of Budget and Administrative Planning, the Commissioner of the Budget, the Commissioner of Administrative Planning, the Chief Clerk and Director of Personnel of the rost Office Department, the Personnel Officer, the Solicitor, and the Purchasing Agent, shall be attached to the Office of the Postmaster General.

(c) Executive Assistant. The Executive Assistant to the Postmaster General shall perform such duties as may be assigned to him from time to time by the Postmaster General.

(d) Special Assistant. The Special Assistant to the Postmaster General shall perform such duties as may be assigned to him from time to time by the Postmaster General.

(e) The Office of Budget and Administrative Planning. The Office of Budget and Administrative Planning shall be supervised by the Director, who, together with the Commissioner of the Budget and the Commissioner of Administrative Planning, shall be directly responsible to the Postmaster General. This office is charged with the budgeting, administrative and management planning activities for the Post Office Department. The various bureaus and offices of the Department will deal with the Office of Budget and Administrative Planning on all budgetary accounting matters, on new activities and procedures, and on proposed changes in operating and management procedures. In connection with the performance of all the functions of the Office of Budget and Administrative Planning the officials thereof shall use, insofar as practicable, the personnel and other facilities of the various Bureaus and Offices of the Postal Establishment, particularly those of the Office of the Chief Inspector and Bureau of Accounts.

(1) The Director of Budget and Administrative Planning is charged with the following duties: To supervise and coordinate the work of the Commissioner of the Budget and the Commissioner of Administrative Planning; in cooperation with the Commissioner of Administrative Planning, to devise improvements and changes in all operations of the Postal Establishment as may be desirable because of changing economic conditions or changes in business practices and management; to advise with and assist the departmental officials in charge of legislative matters; to attend and participate in hearings before the Bureau of the Budget, appropriations committees and other committees of Congress; to maintain a check on the execution of the budget program and general operations of the Postal Establishment; to prepare the material for annual and special public, or confidential, reports; and to perform such other duties as the Postmaster General may direct.

(2) The Commissioner of the Budget is charged with the following duties: To act as Budget Officer of the Department; to make recommendations to the Postmaster General as to policies and forecasts of volume of business upon which to base budget estimates; to advise all bureaus and offices as to policies and work load estimates to be used as the basis for budget estimates, and assist in the preparation thereof; to revise budget estimates as the Postmaster General may direct; to submit budget estimates to the Bureau of the Budget and attend and participate in hearings before the Bureau of the Budget and appropriations committees of Congress; to prescribe financial and operating reports for the information of the Postmaster General and Director of Budget and Administrative Planning; to prepare comments and recommendations as to the effect of proposed legislation on financial operations of the Department; to devise procedures for financial reimbursement for services rendered to other governmental agencies; to act as Liaison Officer with the Bureau of the Budget and the Treasury Department in the execution of Executive Order No. 8512, and with the General Accounting Office in all matters of policy and major changes in financial operations; and to perform such other duties as the Postmaster General may direct.

723338-47-SUPP. IX--BK. 5—18

(3) The Commissioner of Administrative Planning is charged with the following duties: To plan, supervise, and conduct studies of administrative procedures and organization; to keep informed of the scope and major findings of the management, operations, planning, and research studies conducted by the bureaus and offices, and to recommend studies to be conducted by the bureaus and offices; to prepare comments and recommendations as to effect of proposed legislation on administrative procedures of the Department; to study, plan, and devise the simplification of postal laws, regulations, and instructions; to devise ways of making instruction data and material available to officials in charge of schools of instruction for postal personnel; in cooperation with the Director of Budget and Administrative Planning, to devise, plan, and make recommendations for improvements in postal service as may be desirable because of changing economic conditions or changes in business practices and management; to study and make recommendations with respect to suggestions made by postal personnel for improvements in the Postal Service; and to perform such other duties as the Postmaster General may direct.

(f) Chief Clerk and Director of Personnel. The Chief Clerk and Director of Personnel of the Post Office Department is charged with the general superintendence and assignment of the employees of the Department; the care and maintenance of public property located in the Department building; the advertising of the Department; the supervision of requisitions for supplies and services entailing expenditure of the appropriations for the departmental service; the preparation and certification of payrolls for the Department; the consideration of requisitions for the printing and binding required in the Department and field service; the supervision of receipt and inspection of supplies for the Department and field service delivered in Washington; superintendence of the compilation, publication and distribution of the Offcial Postal Guide and other postal publications; the preparation of estimates for Department appropriations covering contingent and miscellaneous expenses, printing and binding, travel expenses of the Postmaster General and Assistant Postmasters General, and salaries, Office of the Postmaster General; the custody of the journals, order books, miscellane

Page 5961