in receivership and, when appointed by Staff authorities, for State banks placed in receivership; and to prevent unsound banking practices. The FDIC is authorized to make loans to or purchase assets of an insured bank to facilitate a merger or prevent it from closing, to reopen a closed bank when its continued operation is essential to the economy of the community, to pass on mergers between insured and noninsured banks, and to examine insured banks to determine their condition for insurance purposes. The FDIC is managed by a three-member Board of Directors. The President appoints two members, one of whom is elected chairman, for 6-year terms. The Comptroller of the Currency serves ex officio as the third member. No more than two members may belong to the same political party. There are 98 cubic feet of records (in WNRC) dated between 1933 and 1935 in this record group. RECORDS. 1933-35. 118 lin. ft. Included are assessment remittance letters, certified and amended statements, assessment and amended assessment adjustments, schedules of remittance, and trial balance tapes. RECORDS OF THE FEDERAL HOME LOAN BANK SYSTEM (RECORD GROUP 195) The Federal Home Loan Bank Board (FHLBB) was established by an act of July 22, 1932, to provide credit reserves for savings and home financing institutions. The FHLBB governs the Federal Home Loan Bank System, which consists of 12 regional Federal Home Loan banks and other member institutions; supervises the operations of the Federal Savings and Loan System established under provisions of the Home Owners Loan Act of 1933 (as amended); and serves as the Board of Trustees for the Federal Savings and Loan Insurance Corporation, established by the National Housing Act of 1934 to insure accounts in thrift and home financing institutions in the System. In 1939 the FHLBB and its subsidiaries became part of the Federal Loan Agency. They were placed under the National Housing Agency in 1942, and under the Agency's successor, the Housing and Home Finance Agency (see RG 207), in 1947. The FHLBB again became independent in 1955. Some administrative functions of the Board were transferred to its Chairman by Reorganization Plan No. 6 of 1961. There are 173 cubic feet of records dated between 1933 and 1947 in this record group. RECORDS OF THE FEDERAL HOME LOAN BANK BOARD. 1933-47. 10 lin. ft. These consist of minutes, correspondence, and reports relating to the Board's representation on the Central Housing Committee, 1935-39; correspondence on financing local banks, 1933-35; a few reports of the chief accountant and comptroller, 1933-47; and reports of local economic and financial conditions made by member banks, 1942-45. RECORDS OF THE HOME The HOLC was established in 1933 to grant long term mortgage loans at low interest rates to homeowners unable to procure financing through normal channels. The FHLBB served as its Board of Directors until the HOLC was dissolved in 1954. The records include RECORDS OF THE FEDERAL MARITIME COMMISSION (RECORD GROUP 358) The Federal Maritime Commission was established as an independent agency by Reorganization Plan No. 7, effective August 12, 1961. The Commission regulates services (including rates and classifications), practices, and agreements of common carriers by water engaged in the foreign and domestic offshore commerce of the United States, terminal operators, freight forwarders, and other persons subject to shipping statutes. It investigates discriminatory practices in such commerce and accepts or rejects tariff filings of common carriers engaged in foreign trade. The reorganization plan that established the Commission also abolished the Federal Maritime Board and transferred its regulatory functions to the Commis sion and its subsidiary functions to the Secretary of Commerce (see RG 357). The Board had been created in the Department of Commerce in 1950 as one of the successor agencies of the U.S. Maritime Commission (see RG 178). There are 6 cubic feet of records dated between 1950 and 1957 in this record group. RECORDS. 1950-57. 7 lin. ft. These consist of the original signed minutes, with indexes, of the Federal Maritime Board, 1950-57, which name the members present, outline the agenda, and summarize discussions and actions taken; and copies of memorandums presented for discussion and of orders, regulations, decisions, and other formally adopted issuances. SPECIFIC RESTRICTIONS Records: Original signed minutes, in- Restrictions: No one may examine these records or be given information from Specified Commission. RECORDS OF THE FEDERAL MEDIATION AND The Federal Mediation and Concilia- There are 1,297 cubic feet of records dated between 1913 and 1965 in this record group. RECORDS OF THE U.S. Included are correspondence, 1913-48; dispute, 1913-48, arbitration, 1937-48, and technical, 1938-48, case files (in WNRC); technical case reports, 194047 (in WNRC); administrative files of the Technical Division, 1937-48; and related indexes, 1913-48. RECORDS OF BOARDS, PANELS, Included are records of factfinding boards and panels appointed by the Secretary of Labor after World War II to investigate disputes involving the oil industry and the Greyhound Corp., 1945-46, and the International Harvester Co., the packinghouse industry, Pacific coast longshoremen, the nonferrous metal and sugar refining industries, Pacific Gas and Electric Co., Western Union Telegraph Co., and Milwaukee Gas Light Co., 1946. Records of panels and boards appointed by the President, including a panel to investigate a dispute involving General Motors Corp., 194546, and a board to investigate a dispute in the steel industry, 1959. Records of an FMCS factfinding board to investigate a dispute in the steel industry, 1949; and of the National Trucking Commission, established to mediate disputes in the trucking industry, 1946-47. RECORDS OF THE FEDERAL These consist of dispute case records, Iwith related indexes, 1948-62; "special assignment" case files, 1957-59; and "related activities" case files, 1960-65. AUDIOVISUAL RECORDS. 1959. 70 items. These consist of slides (69 items) illustrating preventive mediation work of the Service, and an accompanying explanatory sound recording. SPECIFIC RESTRICTIONS tion and internal assignments of various types, 1957-63. Restrictions: These records may not be Specified by: Federal Mediation and The RECORDS OF THE FEDERAL POWER COMMISSION Federal Power Commission (FPC) is an independent agency operating under the Federal Water Power Act of 1920 and the Natural Gas Act of 1938. Subsequent legislation and Executive orders have increased its functions and authority. Originally composed of the Secretaries of War, the Interior, and Agriculture, the Commission was reorganized in 1930 to include five full-time commissioners appointed by the President, with the Chairman designated by the President from among the five members. The FPC regulates interstate aspects of the electric power and natural gas industries, including licensing construction and operation of non-Federal hydroelectric power projects on Government lands or navigable U.S. waters, regulating rates and other aspects of interstate wholesale transactions, and issuing certificates for gas sales to and from interstate pipelines and construction and operation of pipeline facilities. It gathers, analyzes, maintains, and publishes information concerning companies subject to its jurisdiction. The FPC con trols the holding of interlocking positions in these companies by requiring its approval of appointment or election to such positions. The FPC also regulates securities, mergers, consolidations, and acquisition of public utilities companies. It studies plans for construction of dams by the Department of Defense and other Government agencies and makes recommendations concerning their installation, allocates costs of certain Federal projects and participates in allocation of costs of others, and approves and confirms proposed rates for the sale of electric power from certain Federal and international projects. There are 56 cubic feet of records dated between 1920 and 1954 in this record group. RECORDS. 1920-54. 67 lin. ft. Included are notarized applications and related correspondence concerning interlocking directorates, 1920-41, records relating to the Wheeler-Rayburn public utilities holding company bill, May 17-27, 1935, and general records of the National Defense Power Staff, 1940-44. Cartographic records include maps (879 items), most of which relate to surveys of river basins in the investigation of power potential in flood control projects, 1925-54. SPECIFIC RESTRICTIONS public utility, with related correspondence. Restrictions: Records not filed in the "Formal" section of individual application folders may not be examined by or information from or copies of them furnished to the public except by permission of the Federal Power Commission. Specified by: Federal Power Commission. RECORDS OF THE FEDERAL RESERVE SYSTEM The Federal Reserve System, established by an act of December 23, 1913, comprises the Board of Governors of the Federal Reserve System, the Federal Open Market Committee, the Federal Advisory Council, 12 Federal Reserve banks and their 24 branches, and member banks (all national banks in the 50 States and State banks and trust companies that have been admitted to the System). The Board of Governors determines general monetary, credit, and operating policies for the System and formulates rules and regulations to carry out the purposes of the organic act. The Board influences credit conditions in the Nation to control credit expansion or contraction by setting requirements for reserves maintained by member banks against deposits and reviewing and determining the discount rate charged by Reserve banks on their discounts and advances. It supervises Reserve banks and member State banks RECORDS OF THE FEDERAL TRADE COMMISSION The Federal Trade Commission (FTC) is the successor agency to the Bureau of Corporations, established in the Department of Commerce and Labor in |