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COKFIDEHTIAL
Staff Conditions in Controller's Office
The Comptroller's Offio© has suffered heavy losses of personnel.
The present force of examiners and their assistants is very much below
normal due to war conditions, and the top ranks are greatly weakened. She
resignation of one ohief has already been announced. Another has had a
stroke; another has become superannuated; and still another has a serious
heart condition. Two of the top men, a Deputy Comptroller and a Chief
Hational Bank Examiner, are dissatisfied and looking for other employment*
the Federal Reserve organisation also needs to be strengthened* In the
circumstances there is an unusual opportunity at this time to develop a
single strong organisation through a consolidation which would effectively
utilise the best men.