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Show TO TRANSFER FUNDS TO RE81E BUG Secretary McAdoo Declares Change Will Be Made With Due Care. j WASHINGTON, Dec ?. Secretary Adoo expects within a. few days to tak up the question of the transfer of government gov-ernment deposits from national banks to the federal reserve banks and the deposit de-posit of much of the treasury's cash in. the latter institutions. He said tonight that he had not reached a decision as to where he would deposit this money. It had been reported that the secretary is inclined to make the deposits in a few reserve banks, probably those In Richmond. Atlanta and Dallas. Under the federal re-serve act he has the final say in this matter, but some members of the reserve board are expected to oppose op-pose any plan of partial distribution. When it was suggested to Mr. McAdoo tonight that the fact that the reserves of the federal banks are in good shape at the present time might make it unnecessary un-necessary to transfer government funds he pointed to the difference between the reserves in cities such as Boston, New York and Chicago and those in other cities. The reserves in the three southern south-ern banks are comparatively much smaller. The secretary said that any shift from national bank depositories would be made slowly, and not in such, fashion as to embarrass any bank. Governors of the reserve banks are expected ex-pected here tomorrow to discuss many questions of detail with the members of the board. The governors probably will take up state bank admission and discount dis-count rates and clearing house operations by the reserve banks. |