Show WILL CALL ON THE BANKS DRASTIC REDUCTION IN NUMBER OF government TORIES BEING MADE policy in future autura will be to lean more heavily on reserve banks in the nations cash the treasurer Trea Dec declare larts Washing toll drastic i reduction lit n tile number of bleil 14 besig CHI noted as government repositories depositories deposit t 0 ories ra ex Is being roada made by b tile tren if ury de depart jill rt with tile die result that liss less than of tile the III 31 such nuch 11 holding 01 1400 federal funds on SUM june 86 9 1011 tire expected to escape the printing knife changes lit in the K flann caal situation brought about ly by operations it wim sald officially sunday havo ignudo it necessary to abolish hundreds of tho the deposit repositories depositories ories of government moneys unions banks eni aloyed since prior to 1012 while tile tho treasury tren nur Is cut Cutt liiK ill 0 off tho the inactive accounts nc county it Is 1 til J rall ing tile lie balances curried by wally miter banks in ill nil all lit in fact where luro government to do not require the lie uso ol 01 large munis apportionment it Is kalti will be the basis lit in tho axi future for disposition of surplus funds officials tile new polity policy As n to depaal would operate op so that each bank will he be able to equal equnn returns on oil a basis of business toile done for the government KOI eminent included in lie list of notional banks already struck off tire 1110 banks which lind accounts of only 1000 and which wei io e designated JIB ali government deposit repositories depositories ories during lur liiK tile of il 31 cavanaugh secre enry of the tren treasury sury for alre president tatt taft |