The War Assets Administration was established in the Office for Emergency Management, effective March 25, 1946, by EO 9689, January 31, 1946. American factories
had produced massive amounts of weaponry during the World War II. Hundreds
of thousands of tons of surplus military equipment, from mess kits to tanks,
airplanes, machine guns, artillery, and even warships, were now being offered
for sale as scrap by the War Assets Administration (WAA).

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
  Surplus Property Board
  The Surplus Property Board was briefly responsible for disposing of $90 billion of surplus war property held by the United States Government in the final year of World War II...
  
   (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

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

and its territories.

Abolished

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