STATEMENT OF PERSONAL FINANCES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP59-00882R000200290016-9
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: March 12, 2001
• Sequence Number: 16
• Publication Date: November 24, 1954
• Content Type: MF

Approved For Release 2001/08/24: CIA-RD09,88
*OGC Has Reviewed*
or: A. assistant irector for t:'erscnnel
ubject : tatewent of ?ers-mal kin" ce*
1. Reference is trade to your wen.orand m of November 1,
sting that consideration is being given to s.bkiug stash
during the ;ut-processing r:erik d to furnish the fi Stacy a
tater: rent of personal finances. In co ectiva therewith. a form has
proposed and is attached to your memorandum.
2. It is the opinion of this office that aov a financial assoaruteat
app.ropri to to the out processing perk . This office,
however, has some reservation to an extension of this procedure to
all personnel. ; Isr thought is that it would be more compatible to
,Heats o personal finances frr-ra those employees whose
functions necessarily involve the receipt, disbursement, or control
of funds or currencies and th se use duties are such that frequent
access to or use of / gency ids is avticip t+ . 'atherwtsst, we bell -ve
there may be some just reason for c
tain.; that there iEE an
unnecessary exposure of personal privacy t
employer -em-employee relationsahi s.
We coffer a short c rr rrent in c
cending the normal
form entitled - Statement of t ersoaai .Ph aces-. An en aeration oa
listing of an ind ividual' s outstanding 3es is not necessarily dote r-
uilty without reference to other factors or
an analysis of the type of .iebt involved. V itb respect to the latter.
a apparent that a person's jn:iebt*dnevs may be rt ct
ways - open accounts. tin-to .ccoaa.anty. twelve to thirty.
notes. . long term debts such its
respect to the former, frcar, a financial asse*swe ts'
would seem appropriate to relate an is ividusl's liabilities. s
and long term, to his assets and inc roe; in short, a kind of balance
Approved For Release 2001 : CIA-RDP59-00882R000200290016-9
 Approved For Release 2001/08/24: CIA-RDP59-00882R000200290016-9
sheet and profit and loss statement. It way not be iesirabie to delve
as far a some forms require but th a In use by wortgage loan
companies, thence COW -Panic*. banks. a rec it unions, etc., xr ay be
helpful in providing the desire-. sateguarta.
cc: Subject
Signer
Chrono
Approved For Release 2001/08/24: CIA-RDP59-00882R000200290016-9