Regional President Speech

K K it /—Board meeting 1/13/51 RELATING THE BUDGE!' TO THE ECONOMIC REPORT I. NATURE OF THE TASK A. Large and rapid increase in armed strength 1. The big item in the budget is Military Services but this is simply a number with no supporting evidence - for security reasons Fiscal actual 1950 1951 1952 11,839 20,000 ¿0,000 Rounded off to nearest $10 billion I? C. E. Wilson said last night- $87 billion President said authority for 151 and 152 - $1^0 billion Rates fiscal ’50 Dec. *50 Dec. '51 13 billion 20 billion ¿5-55 billion Increase / 2 ” / 25-35 ” Illustration of planning - p. 7 Also Agriculture Dept, eggs illustrate plannii^ 2. In terms of manpower Armed forces / 1 to 3-5 million Defense workers / U to 6 ? " 3. Foreign aid 1950 1951 1952 ¿.3 J+*'7 7*4. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Expansion of oapftcitar. for prtMtoe.iag silitaxy supplies The aobLLisation nhimpn in inveataenb WSL (PAt) Government’* Dried Egg» Found Lucking by Army Br ibe United rm . WASHINGTON, Jan. 17—The Agriculture Department ex­ plained today tlhft the Aimy had beat buying dried eggs In the open market tor $1.39 a pound because the 67,000,000 pounds of dried eggs already owned by the Government did not meet mitt* tarv The Gkwerttment-owned eggs wet« bought and stored by the Agriculture Department under a farm price support program which was abandoned last Dec. 31. On the recommendation' of the Agriculture ’ Department, Mr. Teifibhlen said, the Army re- fueed to accept any dried eggs nnleis they had been prepared bya process. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1951, January 17). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19510118_karl_r_bopp

@misc{wtfs_regional_speeche_19510118_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1951},
  month = {Jan},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19510118_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}