Postal savings

Bibliographic data

Monograph

Identifikator:: 869930397

URN:: urn:nbn:de:zbw-retromon-49420

Document type:: Monograph

Author:: Kemmerer, Edwin Walter http://d-nb.info/gnd/101827717

Title:: Postal savings

Place of publication:: London

Publisher:: Humphrey Milford

Year of publication:: 1917

Scope:: 1 Online-Ressource (VIII, 176 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV - Depositors and deposits

Collection:: Economics Books

DEPOSITORS AND DEPOSITS 57 his certificates. Upon this envelope is printed a certain amount of postal savings information, and a blank ledger for keeping account of deposits and withdrawals. With each deposit the de positor secures an additional certificate. As a matter of convenience to the depositor, however, the post office will exchange a certificate of large denomination for a number of certificates of small denominations. Aside from the limitation of the amount a de positor can have to his credit, there is no limit to the number of certificates he may hold. The cer tificate system has been eminently successful, and the advocates of a pass book plan for postal savings banks are now very few. Nativity of Depositors The most striking fact in our experience with postal savings banks is the large extent to which they have been patronized by persons of foreign birth. In the United States the postal savings bank is to a large degree an immigrant’s bank— a situation, so far as I have been able to learn, peculiar to this country. Mr. Carter B. Keene, Director of the Division of Postal Savings, in an address before the Savings Bank Section of the American Bankers Association on September 26, 1916, said that 375,000, or 60 per cent of the total

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