Work Done The House:

P: Agreed (307-to-86) to the Senate's currency inflation amendment to the farm relief bill; sent the bill to conference.

P: Passed a bill for Federal control of new security issues offered for interstate sale; sent it to the Senate.

P: Passed a third deficiency bill appropriating $46,800; sent it to the Senate.

The Senate:

P: Passed a bill by Florida's Fletcher authorizing the R. F. C. to lend $50,000,000 to insurance companies on their new securities, after adopting an amendment prohibiting the R. F. C. from making any loan to any corporation paying executives more than $17,500 per year; sent the bill to the House.

P: Adopted a resolution for the Banking & Currency Committee to investigate R. F. C. loans.

P: Passed (63-to-20) a bill by Nebraska's Norris providing for a Tennessee Valley Authority to develop that watershed and to operate Muscle Shoals as a power and fertilizer plant; sent it to conference.

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