This is a USA WWII Camp Dodge 337 F.A. felt pennant.
Measurements are approximately 87 centimers long and 35 centimeters highy at the start point.
Light purple colored felt with red “USA” seperate part and in seperate embroidered white “Camp Dodge F.A and 337”.
Im not sure this is a World war 2 item, could be older and from WW1?
A fairly large banner and quite rare to find too!