YOUR REQUEST FOR COMMENT ON AD/P MEMORANDUM OF 20 FEBRUARY 1953 RE MPD REVOLVING FUND

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-04718A000100140104-2
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 12, 2016
• Document Release Date: August 4, 2000
• Sequence Number: 104
• Publication Date: February 27, 1953
• Content Type: MF

Approved For Release 2002/01/23 : CIA-RDP78-0471 00140104-2
A'i ii1IANDUL. FORt Acting Deputy Director (Administration)
SUBJECTS Your request for ccement on AD/? memorandum
of 20 February 1953 re revolving fund
1. Your first inquiry related to the possibility of paragraph
2 as being too broad in scope. We believe it is not. It is true
that the word *usually" allows some latitude of discretion in the
administering officer but as a practical matter this is believed
desirable. The histori of the administration of the fund than
that on occasion an enlisted man on first being assigned to the
Agency may have a small temporary financial problem not directly
due to his being assigned here. The enlisted man unfe the sivie-
ilandoes not have the Credit Union available to him. It we do
refuse the loan on the ground that the need for same did not arise
as a consequence of assignment to the Agency, the enlisted man
has the alternative of going to a commercial lending concern] the
attendant disadvantages of which are obvious' or of reeking aid
from his service emergency relief fund, The latter course is
undesirable since we dislike the though of an enlisted man who is
assigned to this Agency having to resort to his parent service for
such assistance, we have been advised that many of the instances
wherein loans are needed not as a consequence of assignment to the
Agency are actually causeTty the parent service itself,
2. lour second inquiry related to paragraph 2.c. and the
advisability of a limitation on the amount one man may borrow.'
Paragraph 2.c. as now worded makes the amount a matter of discre-
tion with the custodian of the fund. We believe a limitation is
desirable. We have been intormed that the records will show that
95 to 100% of the loans made to date have been under $50, althcurb,
of course, on occasion a greater account has been approved ,a.crc it
has been felt justified. We believe that a limitation of $100
on a single loan provides enough flexibility to be practical with-
out being excessive and we recorimend this limitation. Informal
concurrence in this amount has been made by the custodian of the.
tend.
 Approved For Release 2002/01/23 : CIA-RDP78 8A000100140104-2
3. We have no count or suggestion as to the remainder
of the referenced memorandinn which appears to be quite com-
prehensive.
Act g General Counsel