APPENDIX  A

UNITED  STATES  POSTAL  SAVINGS  ACT
AND  ITS  AMENDMENTS

AN  ACT  TO  ESTABLISH  POSTAL  SAVINGS  DEPOSITORIES ­
  FOR  DEPOSITING  SAVINGS  AT  INTEREST  WITH
THE  SECURITY  OF  THE  GOVERNMENT  FOR  REPAYMENT ­
  THEREOF,  AND  FOR  OTHER  PURPOSES. 1
Be  it  enacted  by  the  Senate  and  House  of
Representatives  of  the  United  States  of  America
in  Congress  assembled,  That  there  be,  and  is
hereby,  created  a  board  of  trustees  for  the  control, ­
  supervision,  and  administration  of  the  postal ­
  savings  depository  offices  designated  and
established  under  the  provisions  of  this  act,  and
of  the  funds  received  as  deposits  at  such  postal
savings  depository  offices  by  virtue  thereof.  Said
board  shall  consist  of  the  Postmaster  General,
the  Secretary  of  the  Treasury,  and  the  Attorney
General,  severally,  acting  ex  officio,  and  shall
have  power  to  make  all  necessary  and  proper
regulations  for  the  receipt,  transmittal,  custody,
deposit,  investment,  and  repayment  of  the  funds
deposited  at  postal  savings  depository  offices.
The  board  of  trustees  shall  submit  a  report  to
Congress  at  the  beginning  of  each  regular  session ­
  showing  by  States  and  Territories  (for  the
preceding  fiscal  year)  the  number  and  names  of
post  offices  receiving  deposits,  the  aggregate
i  Amended  by  acts  of  Aug.  24,  1912  (see  pp.  143-144),
  Sept.  23,  1914  (see  pp.  146-147),  and  May  18,
1916  (see  pp.  141-150).

Board  of  trustees. ­


Personnel.

Powers.

Report  to  Con
gress.

133