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President Truman Meets with the Home Owners' Loan Corporation Officials

President Harry S. Truman (seated) receives check from the Home Owners' Loan Corporation (HOLC) representing the remaining funds of the HOLC after all obligations have been paid and doors have been closed. Standing (L to R): J. Stanley Baughman, Manager HOLC; J. Alston Adams, Republican Member Federal Home Loan Bank Board (FHLBB); Raymond Foley, Administrator, Housing and Home Finance Agency; John Snyder, Secretary of the Treasury; Oscar Kent LaRoque, Democratic Member FHLBB; William Divers, Chairman of the FHLBB; John Fahey, Chairman of the HOLC.

President Truman's Remarks at the Signing of the Pakistan Wheat Loan Documents

President Harry S. Truman's remarks at the signing of the Pakistan wheat loan documents. The President spoke at 3:27 p.m. in his office at the White House. On the same day the White House announced that the $15 million loan to Pakistan for the purchase of wheat was being made by the Export-Import Bank, using funds made available under the authority of the Mutual Security Act of 1951, as amended. The release also stated that the shortage was a result of a severe drought in the winter of 1951-52 in western Pakistan, the country's wheat producing area.