ASSETS TRANSFERRED FROM PREDECESSOR ORGANIZATIONS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-01240A000400100021-5
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: July 19, 2000
• Sequence Number: 21
• Publication Date: July 24, 1950
• Content Type: MEMO

proved For Release 2000/09/01 : CIA-RD
Awe ---
-01240A000400100021-5
'Itri"ray 1950
nags Finance Divis on
SUM Aesets Transferred fron.Predecessor Organisations
oflee to your recueSt4 there is inittod berewXthcomments
item of 00 whioh appears our present
to predeeessor ganisations,
represents the residue of funds on hand at the d*te of
Strategic Services Snit and the activation of the Central
or accounting and other legal purposes the date 20
by the Director% of the Strategic Services Unit
igaace Group as the effective date of liquidation of
Shit and activation of Central Intelligence Group.
many* however* there was in fact no precise cut off date
CIG* Certain SST1 operations which were not to be oontinmed
ontinued by $SS to an orderly conclusion. Likewise* certain
of SSV contimied in nMOnynent statue for several months prior
to OM or termination. In addition* practical and policy
one prohibited worldwide &insemination of the lignidation of
activation of CIL for the purpose of setting up separate finan
in the field for the activities of each organisation.
nitial transfer of SSII assets to C10 was accomplished by
all boa assets (foreign currencies* gold* jewelry and other
handTrom the WU general ledger to the CIG general ledger
recorded book value and the setting up of a contra liability
eubeequent months( as field accountin4A were submitted and SSU
es terminated* the amount of the original transfer was adjusted for
ion of obligations of SSS. The amount U*028,000.00 therefore
net amount of monetary assets transferred from SSS to CIG
ion of all known SSD obligations to the present time.
present tine these funds* with certain exoeptions, are no
or* in'thigh they -were tranaferred to CI. They are presently
gold. dollars* jewelry* foreign currency or even operational
noWneition of the funds acquired by 0/0 from the SSU
r other sources le not material so long as the amount trin8-
ly recorde41 CIO appropriations and is not
purpose of amenUn iA aroprat1ons without proper
oizroe of the*e Azdi to SU is also not acertj2*b1e, Portions
of th.a. tund cane t'rom the COt and S appropriations and from the funds
made available tor the liquidation ot SStl, Othor portions represent funds
Approved For Release 2000/09/01 : CIA-RDP8 -01240A000400100021-5
Approved For Release 2000/09/01 : CIA-RDP80-01240A000400100021-5
r
Depular ettiefinonee Djyjjon
llehieetrist
25X1 A
a
law "'-
Approved For Release 2000/09/01 : Cl -80-01240A000400100021-5