Executive Order 7126—Placing Additional Agencies under the Supervision of the Bureau of the Budget
By virtue of and pursuant to the authority vested in me as President of the United States, it is hereby ordered as follows:
1. The Federal Home Loan Bank Board, the Home Owners Loan Corporation, the Federal Savings and Loan System, the Federal Savings and Loan Insurance Corporation, the Federal Housing Administration, the Farm Credit Administration, and the Federal Farm Mortgage Corporation, which have available for expenditure funds, estimates for expenditure of which are not required under the Budget and Accounting Act of 1921, to be submitted to the Bureau of the Budget, are requested to submit to the Director of the Bureau of the Budget, at such times and in such manner as he shall prescribe, estimates of amounts to be expended for each fiscal year from such funds for administrative expenses. The aforesaid agencies and instrumentalities are requested not to incur, from and after September 15, 1935, any obligation for administrative expenses out of any such funds unless estimates for such expenditures shall have been approved by the Director of the Bureau of the Budget. . . .
Franklin D. Roosevelt, Executive Order 7126—Placing Additional Agencies under the Supervision of the Bureau of the Budget Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/208958