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The War Assets Administration was established in the Office for Emergency Management, effective March 25, 1946, by EO 9689, January 31, 1946.

Predecessor Agencies

• Petroleum Reserves Corporation (PRC), Reconstruction Finance Corporation (RFC, June-July 1943)
• PRC, Office of Economic Warfare (OEW, July-Sept. 1943)
• PRC, Foreign Economic Administration (FEA, Sept. 1943-Sept. 1945)
• PRC, RFC (Sept.-Nov. 1945)
• War Assets Corporation (WAC), RFC (Nov. 1945-Mar. 1946)
• Surplus War Property Administration (SWPA), Office of War Mobilization (OWM, Feb.-Oct. 1944)
• Surplus Property Board (SPB), Office of War Mobilization and Reconversion (OWMR, Oct. 1944-Sept. 1945)
• Surplus Property Administration (SPA), OWMR (Sept. 1945-Mar. 1946) ‘

Functions

Disposed of surplus consumer, capital, and producer goods; industrial and maritime real property; and airports and aircraft located in the United States and its territories.

Abolished

By the Federal Property and Administrative Services Act (63 Stat. 738), June 30, 1949.

Successor Agencies

General Services Administration, as liquidator.

References

Records of the War Assets Administration (WAA) in the holdings of the US National Archives and Records Administration.