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REGISTER

FEDERAL
VOLUME 12

W jt O

NUMBER 226

Washington, Wednesday, November 19,1947

as provided in this section with respect to the Berkeley, Columbia, St. Louis, and New Orleans Banks for Cooperatives, the EXECUTIVE ORDER 9906
rate of interest on all loans, other than R evocation o f E x ecutive O rder N o . 7165
upon the security of commodities, made of A u g u st 29, 1935, R elating to t h e bn and after February 24, 1939, by any P reparation andP u b l ic it y o f D e c i
district bank for cooperatives, for the s io n s i n R e s p e c t ? O verassessm ents purposes specified in section 7 a 1
of I n co m e , P r o f it s , E sta te , and G if t of the Agricultural Marketing Act, as T axes A llo w ed i n E x cess o f $20,000
amended sec. 7, 46 Stat. 14; 12 U. S. C.
By virtue of the authority vested in me 1141e, shall be 2% per centum per an by section 55 a of the Internal Revenue num. The rate of interest on all such Code 53 Stat. 29; 26 U. S. C. 55 a, sec loans made on or after September 15, tion 257 a of the Revenue Act of 1926, 1947, by the Berkeley Bank for Coopera section 55 of the Revenue Act of 1928, sec tives and by the Columbia Bank for Co tion 55 of the Revenue Act of 1932, as operatives, and on and after December amended by section 218 47 Stat. 189, 48 Stat. 209, 698, 49 Stat.
70.90-50 Interest rate on continen 1671, and 52 Stat. 478, Executive Order tal commodity loans. Except as specified No. 7165 of August 29, 1935, relating to in 70.90-51, and except as provided in the preparation and publicity of decisions this section with respect to the Berkeley, in respect of overassessments of income, Columbia, St. Louis, and New Orleans profits, estate, and gift taxes allowed in Banks for Cooperatives, the rate of in excess of $20,000, is hereby revoked.
terest on all loans made upon the se This order shall become effective upon curity of commodities on and after Feb its filing for publication in the F ederal ruary 24, 1939, by any district bank for cooperatives, for the purposes specified R eg ister .
in section 7 a 1 of the Agricultural H arry S. T ru m a n Marketing Act, as amended sec. 7, 46
T h e W h it e H o u se , Stat. 14; 12 U. S. C. 1141e shall be 1V2
November 18, 1947.
per centum per annum. The rate of in terest on all such loans made on or after F. R. Doc. 47-10271; Filed, Nov. 18, 1947;
March 1,1947, by the Berkeley Bank for ll:2 1 a. m.J
Cooperatives, and on and after Septem ber 15, 1947, by the Columbia Bank for Cooperatives, and on and after December TITLE 6
AGRICULTURAL CREDIT 1, 1947, by the St. Louis Bank for Coop Chapter 1 Farm Credit Administra eratives and by the New Orleans Bank for Cooperatives shall be 1% per centum tion, Department of Agriculture per annum.
Subfhapter F Banks for Cooperatives 70.90-51 Interest rate on continen Farm C redit A dm inistration Order 466
tal loans and loans made in Puerto Rico -secured by Commodity Credit Corpora P art 70L oan I n terest R ates and tion loan documents. Except as provided S ecu rity in this section with respect to the Berke increased in ter e st rates ley, Columbia, St. Louis, and New Or Sections 70.90, 70.90-50, 70.90-51, and leans Bank for Cooperatives, and w ith 70.90-56 of Title 6 of the Code of Federal respect to such loans made in Puerto Regulations, are hereby amended to read Rico by the Baltimore Bank for Coopera tives, the rate of interest on loans made as follows:
70.90 Interest rate on continental on and after June 30, 1947, by any dis c o n ti n u e d on p. 7801
loans for financing operations. Except
CONTENTS

TITLE 3 THE PRESIDENT

THE PRESIDENT
Executive Order
Pa&e
Decisions in respect of overassess ments of income, profits, estate, and gift taxes allowed in excess of $20,000, preparation and pub licity; revocation of E. O. 7165- 7799
EXECUTIVE AGENCIES
Agriculture Department
See also Farm Credit Administra tion.
Proposed rule making:
Walnuts in California, Oregon, and Washington__________ 7813
Alien Property, Office of
Notices:
Vesting orders, etc.:
Heidt, Emma_____________ 7821
Sumitomo Bank, Ltd_______ 7820
Army Department
Rules and regulations:
National Guard; age require ments for Federal recognition of commissioned officers ___ 7810
Civil Aeronautics Administra tion
Rules and regulations:
IFR altitude minimums_______

7801

Civil Aeronautics Board
Notices:
Hearings, etc.:
Los Angeles Airways, Inc___
Trans-Canada Air Lines____.
Rules and regulations :
Air traffic;,minimum safe alti tudes ______
Free travel for postal employ ees______________________

7817
7817
7801
7801

Coast Guard
Notices :
Approval of equipm ents-------

7814

Defense, Secretary of
Rules and regulations:
Seal of National Military Estab lishment ________
7810
Farm Credit Administration
Rules and regulations :
Loans, increased interest rates- 7799
7799