EMERGENCY PLANNING - CASH RESERVES
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP80-01240A000400130005-0
Release Decision:
RIPPUB
Original Classification:
S
Document Page Count:
2
Document Creation Date:
December 9, 2016
Document Release Date:
September 5, 2000
Sequence Number:
5
Case Number:
Publication Date:
November 8, 1956
Content Type:
MEMO
File:
Attachment | Size |
---|---|
CIA-RDP80-01240A000400130005-0.pdf | 101.71 KB |
Body:
BT, ND"D I Of M NO. 64
! ?1 J ... . ~I~ . .
2000/09/12
Office Memorandum ? UNITED STATES GOVERNMENT
TO Acting Comptroller
Chief, Finance Division
DATE: 8 November 1956
SUBJECT: Emergency planning - Cash Reserves
REFERENCES: a) Memorandum from Chief, Monetary Branch to Comptroller dated
12 January 1951, subject: Emergency Planning, Cash Reserves
b) Memorandum from Chief, Monetary Branch to Comptroller dated
17 September 1954, subject: Emergency Planning, Cash Reserves
c) Memorandum from Asst. DD/A to Colonel L. K. White dated
23 December 1954, subject: Emergency Cash Reserve
1. References (a) and (b) contained detailed proposals for es-
tablishing emergency cash reserves outside of Wshington to provide
for short-term cash requirements during a critical per od. Both
proposals assumed that there would not be sufficient warning time to
permit a physical movement of cash to a.relocation site and contem-
plated (a) placing cash in deposit boxes in banks nearby the Emergency
Headquarters, or (2) placing cash at the site. In either case, funds
would be cached prior to an emergency condition.
2. In his memorandum (ref. co) the Assistant Deputy Director
25X1A (Support) suggests an amount of s "a reasonable sum
sufficient to meet the immediate needs of the Emergency Force during
the first days following mobilization?. Timing on the placement of
this reserve is not indicated, However, we now understand that it is
the opinion of Agency officials that indications of hostile intent
will appear early enough to permit emergency actions to be taken.
Therefore, in view of these two factors, i.e., (a) a specific amount
has been suggested and (b) early warning indicators will be evident,
the following plan is recommended for approval:
25X1A
a. Isolate in appropriate denominations and
store in the Finance Division vault for immediate access,
removal and conveyance to the relocation site,
be The verification and packaging of this fund to be
witnessed by a senior employee of the Audit office and
sealed, for expediency in subsequent routine cash audits,
c. The Finance Division will take no further action to
locate emergency cash reserves unless otherwise instructede
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8 November 1956
3. Approval of this recommendation is suggested as providing
for an emergency fund held under minimal risks and in the most
probable liklihood of conveyance to the relocation site immediately
following early warning indications,
25X1A9a
25X1A9a
The recommendations contained
Vting'ComptroUer in paragraph 2 are approved.
Date:
QL ec or ppo
Date;
12--
Approved For Release 2000/09 -~~-RDP80-Q1240A000400130005-0
FOIAb3b