Page:United States Statutes at Large Volume 62 Part 1.djvu/1218

 PUBLIC LAWS-CH. 773-JUNE 30, 1948 60U.S. C. 98e(b). 57 Stat. 185. 60 Stat. 903. Nonadministrative expenses. 47 Stat. 725 . 12 U. 8. C., Supp. I, 1422 et seq. Post, p. 1240. 60 Stat. 003. 30, 1947, shall, after deduction of related expenses, be deposited in the Treasury as miscellaneous receipts: Provided further, That, not- withstanding the provisions of section 6 (b) of the Strategic and Critical Materials Stock Piling Act (60 Stat. 599), the Secretary of the Treasury shall cancel notes of the Reconstruction Finance Corpo- ration on account of the transfer of materials to stock piles in an amount equivalent only to the costs incurred by the Corporation sub- sequent to June 30, 1947, for handling, storing, processing, and trans- porting such materials, as determined and certified by the Corporation from its accounting records. HOUSING AND HOME FINANCE AGENCY Home Loan Bank Board: Not to exceed a total of $1,800,000, of which $1,340,000 shall be available exclusively for necessary expenses in connection with the making of supervisory or other examinations (except examinations of Federal home loan banks) including the pro- vision of services and facilities therefor, to be derived from the special deposit account established under the provisions under the head "Federal Home Loan Bank Administration" in the Independent Offices Appropriation Act, 1944, and from receipts of the Federal Home Loan Bank Administration, the Federal Home Loan Bank Board, or the Home Loan Bank Board for the fiscal year 1949 and prior fiscal years, shall be available during the fiscal year 1949 for administrative expenses of the Home Loan Bank Board, including health-service program as authorized by law (5 U. S . C . 150), and the Board may utilize and may make payment for services and facili- ties of the Federal home-loan banks, the Federal Reserve banks, the Federal Savings and Loan Insurance Corporation, the Home Owners' Loan Corporation, and other agencies of the Government: Provided, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation and all necessary expenses (including services performed on a contract or fee basis, but not including other personal services) in connection with the handling, including the purchase, sale, and ex- change, of securities on behalf of Federal home-loan banks, and the sale, issuance, and retirement of, or payment of interest on, deben- tures or bonds, under the Federal Home Loan Bank Act, as amended, shall be considered as nonadministrative expenses for the purposes hereof: Providedfurther,That notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore speci- fied, the administrative expenses and other obligations of the Board shall be incurred, allowed, and paid in accordance with the provisions of the Federal Home Loan Bank Act of July 22, 1932, as amended (12 U. S. C. 1421-1449). Federal Savings and Loan Insurance Corporation: Not to exceed $600,000 shall be available for administrative expenses, includin health-service program as authorized by law (5 U. S . C . 150), which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expenditures, expenses in connec- tion with liquidation of insured institutions, liquidation or handling of assets of or derived from insured institutions, payment of insur- ance, and action for or toward the avoidance, termination, or mini- mizing of losses in the case of specific insured institutions, and legal fees and expenses, and said Corporation may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Home Loan Bank Board, the Home Owners' Loan Corporation, and other agencies of the Government: Provided, That notwithstanding any other provisions of this Act, 1188 [62 STAT.

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