John W. Snyder (1895-1985) came to Washington in the early 1930s with a broad background in banking and business. He held several public and private offices including National Bank Receiver in the Office of the Comptroller of the Currency, Federal Loan Administrator, and Director of War Mobilization and Reconversion. In the last office he played a leading part in the transition of the nation's economy from wartime to a peacetime basis.
Snyder was appointed Secretary of the Treasury in 1946 by his close personal friend President Truman, with whom he had served in World War I. His task as Secretary was to establish a stable postwar economy. The main points of his program were maintaining confidence in the credit of the government, reducing the federal debt, and encouraging public thrift through investment in U.S. Savings Bonds. He also developed programs to promote greater efficiency within the Treasury Department, including a streamlining of the Internal Revenue Service, which assured a more impartial administration of tax laws, and a reform of the federal accounting system. Snyder resigned at the end Truman's term.
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