This report provides a background of the Organization for Economic Cooperation and Development (OECD) financial crisis and the issues for Congress.

Text describes action on various war fronts. Includes photographs: Lieut. Bulkeley -- Nip Nipper de luxe, Lieut. Comm. Edward H. O'Hare -- Brewster "Buffalo" -- The guns were going on -- The big Wellingtons did not rest -- Training of airborne Infantry. Large world map is keyed to text: Japs confused on raid -- Chinese rescue British -- Corregidor holds -- Timor fight still on -- blame set for fire -- President honors flyer -- Gen. Marshall returns -- strike idleness small -- manpower mobilization -- Brewster plant seized -- Argentine ship hit -- radio detectors used -- "Peace Offensive" due-- Lubeck laid low-- commandos raid again -- Reds close for action -- Malta takes high toll -- Laval favors Nazis. Inset maps: Honshu, Japan ; western Europe. Also includes 2 pictographs: Happy Birthday, Dear Adolf; Telefact: materials for victory.