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U N IT E D S T A T E S T R E A S U R Y
V IC T O R Y F U N D C O M M IT T E E

CHAIRMAN

ELEVENTH FEDERAL RESERVE DISTRICT

R. R. G I L B E R T

MEMBERS

FEDERAL RESERVE BANK BUILDING

NATHAN ADAM S
W. R U S S E L L B A R R O W

D A L L A S
EXECUTIVE MANAGER

C. N. B A S S E T T
F R E D F. F L O R E N C E
JOE H . F R O S T
R. E. H A R D I N G
W A L T E R B. J A C O B S
F. M. L A W
,C. C. M C C L U N G
TOM H . O B E N C H A 1 N
A. E. R O B E R T S O N
W M . P. S M A L L W O O D
CHAS. T. W A R E

J U D S O N S. J A M E S , J r .

ASST. EXECUTIVE MANAGER
E. C O W D E N H E N R Y

March 6,1943

UNITED STATES TREASURY
WAR FINANCE COMMITTEE

To all Members of the Victory Fund Committee
of the Eleventh Federal Reserve District:
The following telegram addressed to the Chairman and Executive Manager of the
Victory Fund Committee and the State Chairmen and State Administrators of the War
Savings Staff has been received from the Secretary of the Treasury:
“ The second big drive of the Treasury war financing campaign will take
place in April. It is essential to the success of this drive that the Treasury use
the combined services of the War Savings Staff and the Victory Fund Committee
in the sale of all Government securities.
To promote the integrated efforts of the two organizations during the drive,
there has been created in the Treasury Department a United States Treasury
War Finance Committee, under the direction of Mr. W. M. Robbins, Assistant to
the Secretary, who will serve as Chairman of the Committee and will function
with the operating title of National Director of Sales. Other members of the
Committee will be the Assistant to the Secretary in charge of the War Savings
Staff, Assistant to the Secretary in charge of the Victory Fund Committee, and
such other member or members as may be designated by me.
The Federal Reserve Bank presidents are asked to serve as chairmen of
similar committees in their respective districts. Members of each district com­
mittee will include representatives of the War Savings Staff in each State of the
Victory Fund Committee.
The committee in Washington will act in an advisory capacity to the
National Director in the formulation and execution of plans for the sale of
Government securities and the committees set up in the Federal Reserve Dis­
tricts will likewise act in an advisory capacity to the Presidents of the Federal
Reserve Banks, who will act as chairmen of such committees with full authority
and responsibility in their respective districts to direct the drive. The National
Director of Sales is authorized to deal directly with the Federal Reserve Banks
as Fiscal Agents of the United States in all matters relating to the promotion
and sale of Government securities and in this connection he has full authority
t'o utilize all facilities of the War Savings Staff and the Victory Fund Committee,
coordinating their respective activities as he may direct.
FQjy/ICTORY
BUY

U N IT E D
STATES

WAR
BONDS
AND

STAMPS

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To ensure the success of the forthcoming drive it is necessary that all
national publicity, including press stories, radio announcements, newspapers,
periodicals, outdoor and motion picture advertising, be enlisted in the joint
endeavor, and include wherever possible the continuous promotion activities of
the War Savings Staff. Every function of the two organizations will be integrated
in every productive way in preparation for and during the April campaign. All
issues of Treasury securities to be offered, including E bonds, will be available
to all forces taking part in the drive.
It will be appreciated if you will see that all workers in your organization
are welded into this combined effort under the direction of the Presidents of the
Federal Reserve Banks.”
The size and urgency of the Treasury’s job make it imperative that we consolidate
and strengthen our forces on the financial sector of the fighting front. Just as the military
authorities have found it necessary to blend the Army and Navy into a unified command
in a given area, so the Treasury has asked its two fund-raising units:—the War Savings
Staff and the Victory Fund Committee— to form a single “ task force” to carry on the
April drive.
A United States Treasury War Finance Committee for the Eleventh Federal Reserve
District is now in the process of formation and members will be selected from the Victory
Fund Committee and the War Savings Staff in this district. You will be advised further
in this connection at an early date.
In the meantime, each of you is urged to proceed along the same lines you are workingin organizing and expanding your local county committees.
Sincerely yours,
R. R. GILBERT,
Chairman, War Finance Committee,
Eleventh Federal Reserve District


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102