Letter to the Speaker of the House Transmitting an Estimate of Appropriations for the Reconstruction Finance Corporation.
I have the honor to transmit herewith for the consideration of Congress, an estimate of appropriation for the Treasury Department for $500,000,000, for the fiscal year 1932 and to remain available until expended, for subscriptions to Capital Stock, Reconstruction Finance Corporation.
I am transmitting this estimate of appropriation at this time so that the important operations of the corporation may be commenced at the earliest possible date.
Further details regarding this estimate are set forth in the letter of the Director of the Bureau of the Budget, which is transmitted herewith.
[The Speaker of the House of Representatives]
Note: The message and accompanying papers are printed in House Document 232 (72d Cong., 1st sess.).
Herbert Hoover, Letter to the Speaker of the House Transmitting an Estimate of Appropriations for the Reconstruction Finance Corporation. Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/207368