Show I GOVERNMENT WILL i I I GALL CALL ON THE BANKS BAN I i DRASTIC REDUCTION IN NUMBER OF i GOVERNMENT DEPOSITORIES TORIES BEING MADE I I Policy In Future Will Be e to Lean More Heavily on Reserve Banks in the Nations Nation's Cash Business ss the Treasurer Declares s. s Washington Drastic ton Drastic reduction In m the number of national banks desk noted as ns government ent depositories is being made h by the treasury department department department depart depart- ment with the result that less than titan 1400 of the tho 1331 such institutions holdIng holdIng holding hold- hold Ing federal funds on June 30 1919 are expected to escape the pruning knife Chan Changes os In the governments government's financial finan finan- cial cl In ti I situation brought about by hy wars war's fiscal operations it was said officially Sunday have haye mude made it necessary to abolish hundreds of the depositories of government moneys monc's among muong banks employed employed em em- since prior to 1012 1912 While the treasury treasur Is cutting off the Inactive accounts it is aLO also reducing In ing the thc balances carried by man many other banks In In all In fact where govern government overn- overn lilt ment trun transactions do not require the thc use of large sums Scientific apportionment It Is said will l he be e the basis In the future for dIsposition disposition dis dIs- position of surplus funds Officials explained the new policy to as depositories depositories t tories r-ies r would operate so that each bank hanl banka a will ill be able to realize equal returns on an a a basis of business done for fOl then the o g n Included in the list of national hanl banks s alren already Ir struck off are banks which had accounts of only 1000 ands and which s were designated as government depositories p during the administration of Franklin M M. M h as secretary secretary secre secre- tar tary of the treasur treasury for President Taft raft |