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URGENT DEFICIENCY APPROPRIATION BILL, 1955

SUBCOMMITTEE ON INDEPENDENT OFFICES APPROPRIATIONS

ALBERT THOMAS, Texas, Chairman
GEORGE W. ANDREWS, Alabama JOHN PHILLIPS, California
SIDNEY R. YATES, Illinois JOHN TABER, New York

MONDAY, JANUARY 10, 1955.
HOUSING AND HOME FINANCE AGENCY

FEDERAL HOUSING ADMINISTRATION

WITNESSES NORMAN P. MASON, FEDERAL HOUSING COMMISSIONER FRANK J. MEISTRELL, GENERAL COUNSEL LESTER H. THOMPSON, COMPTROLLER HORACE B. BAZAN, DIRECTOR, BUDGET AND ORGANIZATION

DIVISION ALLAN F. THORNTON, DIRECTOR, RESEARCH AND STATISTICS

DIVISION ALBERT M. COLE, HOUSING AND HOME FINANCE ADMINISTRATOR JOHN M. FRANTZ, AGENCY BUDGET OFFICER

Mr. Thomas. Gentlemen, will the committee please come to order?

We have with us this morning the gentlemen from the Federal Housing Administration. Present is Mr. Cole, the Administrator of the Housing and Home Finance Agency, together with his Budget Director, Mr. Frantz. Also, we have with us Mr. Mason, the Commissioner of Federal Housing; Mr. Meistrell, who is General Counsel, and I believe this is the first time Mr. Meistrell has been with us, and it is nice to have him; we also have Mr. Thompson, the Comptroller; Mr. Bazan, who is Director of the Budget and Organization Division, and Mr. Thornton, who is Director of the Research and Statistics.

The purpose of the meeting here is to remove some limitations for your nonadministrative expense, as well as for your administrative expense item as contained in House Document 60. We will insert the letter of transmittal contained therein at this point, along with the more important parts of the justifications. (The matter referred to is as follows:)

EXECUTIVE OFFICE OF THE PRESIDENT,

BUREAU OF THE BUDGET,

Washington 25, D. C., January 6, 1955. The PRESIDENT,

The White House. SIR: I have the honor to submit herewith for vour consideration a draft of a proposed provision pertaining to the fiscal year 1955 increasing limitations for the Housing and Home Finance Agency as follows:

· "HOUSING AND HOME FINANCE AGENCY

FEDERAL HOUSING ADMINISTRATION .The amount made available under this head in title II of the Independent Offices Appropriation Act, 1955, as amended by the Supplemental Appropriation Act, 1955, for administrative expenses, is increased from "$5,500,000' to '$5,625,000', ind the limitation on the amount available for expenses of travel is increased from '$250,000

(1)

is inc. 85,62%,on Act, rices

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