Show WAR SAVINGS TO RESERVE BANKS I Treasury Department to Exercise Exercise Exercise Ex Ex- Ex- Ex Closer Supervision War Loan Organization Herald Special Washington 1 Sept 16 Steps G. Steps have havo been taken to bring tho the war savings sayIngs say sav ings organization under the general direction of ot the federal reserve regel banks and Into closer connection with tho treasury department Treasury department department depart depart- ment officials havo have had in mind for tor some time that the tho war savings should be made mado a n permanent part of or the treasury treas ur ury department and have havo tho the backing and nd standing which that department will give it The matter maller has been thoroughly canvassed can- can assed by hj Secretary McAdoo dlo and antI F. F A. A national director of oC war savings sav saY ings s. s and tho the conclusion reached that the war savings sa become a part of oC the closer co cooperation COoperation co CO- treasury In that there bo ho a operation of oC existing war loan organisations and ami a a. closer super t supervision of ot war wal savings a activities b by the treasury do de In view of ot this It I Is Ia SU suggested that war savings s oJ organizations be reorganized reorganized to conform to federal reserve district district dis dis- lines linos th tho governor of oC tho the federal reserve O bank bunk in each district to have general supervision over all war var savings sav sav- ings Ing-i activities I occupying the same re relation relation relation re- re lation to the war var sa ln savings s or organizations that ho now does to the Liberty loan or organization It Is helle believed d that this will eliminate existing duplication of ot effort and have havo a tendency to decrease tho expense incident to operation State Director George Georgo T. T Odell Udell was called last lust week to San Francisco to a conference with other directors from front tho th mountain coast states stales and the federal resene bank officials re regarding regard regard- rd In ing tho the consolidating of or the tho war savings sav fi in ings s move as sug suggested by treasury officials Tho treasury department ha has suggested suggested sug sug- that the governor o of or each cach federal fed fed- oral eral r reserve O el district appoint a director for COl the thc district to havo have supervision tinder under under un un- der the governor of oC all war savings activities ac ac- ac- ac U in the district If this is dono tho the probabilities are arc that the pres present nt state organization will willbe willbe be he continued in Utah tho the work of oC which has always been highly complimented I by tho the treasury department |