I am using truecrypt partition encryption and the docs say to backup the volume header in case the partition gets corrupted. Is this file suppose to be stored in a secure location or can anything be done with this file? Can I relax by storing a copy of this file unecrypted on a usb stick?
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Based on a question in the FAQs http://www.truecrypt.org/faq I would say that you want to keep it in a safe place. it would allow people to essentially reset the password on an encrypted volume.

Stefan H
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5This is incorrect, you can't change the password without the original password, whether you have the volume header or not. You can never decrypt a TC volume without the correct password, which is NOT stored in the backup of a volume header. – deed02392 Feb 09 '12 at 10:19
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deed02392 's answer should be the preferred answer. – pka Dec 25 '16 at 11:12