Raymond, along with Lieutenant (junior grade) Fred Rising Newell, Jr.,[3] would receive the Navy Cross for heroism during the defense of the Philippines.
[4] On the night of 1 February the converted yacht was in company with PT-32 which was damaged "with her hull held together by a jury rig of wires and braces" and capable of only 22 knots (25 mph; 41 km/h) on a patrol off Bataan during which the PT made an attack on a large ship thought to be a cruiser.
[4] On 10 March the last PT boats departed south with General MacArthur with increased Japanese naval activity in the vicinity of the entrances to Manila Bay.
While exposed to frequent horizontal and dive bombing attacks by enemy Japanese air forces, Lieutenant, Junior Grade, Newell directed the fire of his anti-aircraft battery and participated in operations of strategic importance in the Manila Bay area involving hazardous missions such as to reflect great credit upon the United States Naval Service.
Action Date: December 7, 1941 – April 28, 1942 Citation for the Navy Cross awarded to Lieutenant Fred Luman Raymond The President of the United States of America takes pride in presenting the Navy Cross to Lieutenant Fred Luman Raymond, United States Naval Reserve, for extraordinary heroism in combat while serving on board the U.S.S.
MARYANNE of the Inshore Patrol, Philippine Islands, during the period from 4 January to 29 April 1942, in organizing, administering and directing forces while exposed to the same hazards as vessels mentioned above.