Full text : Postal savings

APPENDIX  A

141

trustees  without  change  in  their  terms  as  to
rate  of  interest  and  date  of  maturity:  And  provided ­
  further,  That  the  bonds  so  reissued  may,  in
the  discretion  of  the  Secretary  of  the  Treasury,
be  called  for  redemption  from  the  trustees  in  like
manner  as  they  were  originally  called  for  redemption ­
  from  their  former  owners  whenever
there  are  funds  in  the  Treasury  of  the  United
States  available  for  such  redemption.
Sec.  12.  That  postal  savings  depository
funds  shall  be  kept  separate  from  other  funds  by
postmasters  and  other  officers  and  employees  of
the  postal  service,  who  shall  be  held  to  the  same
accountability  under  their  bonds  for  such  funds
as  for  public  moneys;  and  no  person  connected
with  the  Post  Office  Department  shall  disclose
to  any  person  other  than  the  depositor  the
amount  of  any  deposits,  unless  directed  so  to
do  by  the  Postmaster  General.  All  statutes  relating ­
  to  the  safekeeping  of  and  proper  accounting ­
  for  postal  receipts  are  made  applicable  to
postal  postmasters,  assistant  postmasters,  and
clerks  at  postal  savings  depositories  to  give  any
additional  bond  he  may  deem  necessary.
[Sec.  13.  That  additional  compensation  shall
be  allowed  postmasters  at  post  offices  of  the
fourth  class  for  the  transaction  of  postal  savings
depository  business.  Such  compensation  shall
noe  exceed  one-fourth  of  one  per  centum  on  the
average  sum  upon  which  interest  is  paid  each
calendar  year  on  receipts  at  such  post  office,  and
shall  be  paid  from  the  postal  revenues;  but
postmasters,  assistant  postmasters,  clerks,  or
other  employees  at  post  offices  of  the  presidential ­
  grade  shall  not  receive  any  additional  compensation ­
  for  such  service.]
Sec.  14.  That  the  sum  of  one  hundred  thousand ­
  dollars  is  hereby  appropriated,  out  of  any
money  in  the  Treasury  not  otherwise  appro-Redemption

  of
bonds  so  reissued. ­


Postal  savings
funds  to  be
kept  separate
by  postmasters. ­


Deposits  held
confidential.

Laws  relating
to  safekeeping ­
  of  postal
funds  made
applicable.

Additional
bond.

Bracketed
section  in  italics ­
  amended
by  the  act  of
September  23,
19  14.  See
pip.  146-147.

Appropriation.
            
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