Grain Stabilization Corporation

A-46332: Jan 9, 1933

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Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Stabilization corporations recognized by the Federal Farm Board pursuant to section 9 of the Agricultural Marketing Act of June 15, 1929, are neither executive departments nor independent establishments of the Government. However, they are corporations operating with funds borrowed from the Federal Farm Board and are instrumentalities orated for the purpose of assisting in carrying out the policy announced by the Congress in that act, and in a general sense a Federal agency within the meaning of the quoted enactment. In view thereof, transactions between the Grain Stabilization Corporation and other Government agencies may be considered generally as transactions between executive departments or independent establishments of the Government.