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Show uv, . INCLUDED I "" - - ' if Are to Be Known as De- positories of Gpvern - k ment Funds - ' I Washington, Jan. 20. For tho first rfl time In history tho way has been 'jJM opened, it developed today, for stato A jnl banks and trust companies to be- . JI como known as United States depos- j itories. 1 1 According to the view of the treas- l ury department, any fiuanclal insti- l r tution in America national or state, i bank or trust company having postal savings deposits or other government . 1 funds may assume that title without ) A legal Impediment, oven though tho r designation is not officially con- ' W ferrcd by tho secretary of the treas- rj l ury. J From an unofficial source it waa I ; ( learned that the treasury dopart- l ment had decided there is no law re- l stricting the use of ihe term "United tt States depository" to those national banks named by the secretary as de- .g posltories of public money. This E leaves national or state banks or x trust companies, in which the trus- 1 1 tees of the postal savings system de- l JJ posit tho postal savings funds, or na- Vj tionnl banks holding certain Indian j funds for tho secretary of the In- II tt terlor, free to adopt the title. 1 t Tho privilcgo of becoming known t V as a depository of the nation's funds h is much sought by every bank in tho TT- countrv, because it Js -presumed to t M convev nn advantageous Impression of f, charactor nnd stability. Of the ,, 300 I -national banks, only about 1400 aro , I designated as "United States depos- 1L "to1''63'" , M ' -ll Secretary of tho Treasury Mac- , J Veagh, it is said, is besieged by sen- , I ators and representatives In congress . f to make national banks In their states mn or districts "United States depositor- m 5es" m many cases, one or two .x, banks in a town are mt ! 4? nated. while others in the same com- U , mun itv arc not This, it. Is declared, i wor Is virtually as a discrimination by 1 f. The government and the treasury de- ii partnWs decision is expected to I 81 solve the problem. . I |