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F. R. Doc. 47-7094; Filed, July 25, 1947;
10:22 a. m.

REORGANIZATION PLAN 3 OF 1947

Prepared by the President and trans mitted to the Senate and the Houseof Representatives in Congress assembled, May 27, 1947, pursuant to the provi sions of the Reorganization Act of 1945, approved December 20, 1945.1
H ousing and H ome F inance A gency S ection 1. Housing and Home Finance
Agency. The Home Owners Loan Cor poration, the Federal Savings and Loan Insurance Corporation, the Federal Housing Administration, the United States Housing Authority, the Defense Homes Corporation, and the United States Housing Corporation, together with their respective functions, the func tions of the Federal Home Loan Bank Board, and the other functions trans ferred by this plan, are consolidated, subject to the provisions of sections 2 to 5, inclusive, hereof, into an agency which shall be known as the Housing and Home Finance Agency. There shall be in said 1 Effective July 27, 1947, under th e provi sions of sec. 6 of th e act; published pursuant to sec. 11 of the act 59 Stat. 613; 5 U. S. Ci.
133y to 133y-16.

Agency constituent agencies which shall be known as the Home Loan Bank Board, the Federal Housing Administration, and the Public Housing Administration.
S ec. 2. Home Loan Bank Board, a The Home Loan Bank Board shall con sist of three members appointed by the President by and with the advice and consent of the Senate. Not more than two members of the Board shall be mem bers of the same political party. The President shall designate the members of the Board first appointed hereunder to serve for te/rns expiring, respectively, at the close of business on June 30,1949, June 30, 1950, and June 30, 1951, and thereafter the term of each member shall be four years. Whenever a vacancy shall occur among the members the per son appointed to fill such vacancy shall hold office for the unexpired portion of the term of the member whose place he is selected to fill. Each of the members of the Board shall receive compensation at the rate of $10,000 per annum.
b The President shall designate one of the members of the Home Loan Bank Board as Chairman of the Board. The Chairman shall 1 be the chief execu tive officer of the Board, 2 appoint and direct the personnel necessary for the performance of the functions of the Board or of the Chairman or of any agency under the Board, and 3 desig nate the order in which the other mem bers of the Board shall, during the ab sence or disability of the Chairman, be Acting Chairman and perform the duties of the Chairman.
c Except as otherwise provided in subsection b of this section there are transferred to the Home Loan Bank Board the functions 1 of the Federal Home Loan Bank Board, 2 of the Board of Directors of the Home Owners Loan Corporation, 3 of the Board of Trustees of the Federal Savings and Loan Insurance Corporation, 4 of any mem ber or members of any of said Boards, and 5 with respect to the dissolution of the United States Housing Corporation.
S ec. 3. Federal Housing Administra tion. The Federal Housing Administra tion shall be headed by a Federal Hous ing Commissioner who shall be appointed by the President, by and with the advice and consent of the Senate, and receive Continued on p. 4983

CONTENTS
THE PRESIDENT
Executive O lder
Pae
Alien property in Philippines; au thorization of Philippine Alien Property Administrator to per form certain functions of Pres ident_________
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Reorganization Plan
Reorganization Plan 3 of 1947__

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EXECUTIVE AGENCIES
Agriculture Department
See also Forest Service.
Proposed rule making:
Citrus fruit in Florida_______
Walnuts in California, Oregon and Washington Corr.___
Rules and regulations:
Citrus fruit in California and Arizona; limitation of ship ments :
Lemons________ x,.----------Oranges___ __________
Milk handling :
Fall River, Mass., area______
Greater Boston, Mass., area_

4995
4995

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Alien Property, Office of
Notices:
Vesting orders, etc.:
Anemostat Corp. of America.
Automobiles owned by Germ any_______
Frese, Amalie_________ _L_
Hechler, Herman E. A______
Jona, David______________
Roesler, Auguste__________
Simenon, Georges J o s e p h Christian_______________
Von Horst, Alfred Partello___
Von Lieres und Wilkau, Prisca_____ ___________
Yasui, Tori___ ___________

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5000
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Civil Aeronautics Board
Notices:
All American Aviation, Inc., hearing _______
5001
Civil Service Commission
Rules and regulations:
Claims and appeals; appear ance and recognition of serv ice organizations---------------- 4983
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