CONTENTS 
and reserve, 106-107. — Provision for investment in 
United States securities amended in 1916, 107-109.— 
Deposit of savings funds in banks: Qualifications 
for depository banks, 109-111. — Decline in number 
of depository banks, 111-113. — State banks as de 
pository banks, 113-116. — Postmasters’ “emergency 
credits” in original law: Abolished in 1913, 116-119. 
— Out of town depository banks, 119-120.—Col 
lateral security for savings funds deposits: Regula 
tions of the Board of Trustees as to collateral, 
120-124. — Rate of interest paid by depository 
banks : Profits realized by the banks, 124-126. — 
Postal savings bonds, 126-127. 
CHAPTER VI 
Conclusion 
Postal savings system of real value, 128. — Under 
lying philosophy of present decentralized system of 
depository banks, 128-130. — Should postal savings 
funds be deposited largely in commercial banks?, 
130-131. 
APPENDIX A 
The United States Postal Savings Act and its 
Amendments 
Act of June 25, 1910, 133-143. — Amendment of 
August 24, 1912, 143-144. — Amendment of January 
21, 1914, 144-146. — Amendment of September 23, 
1914, 146-147. — Amendment of May 18, 1916, 
147-150. 
APPENDIX B 
No. 1. The Philippine Postal Savings Bank Act, as 
Amended to July 1, 1917 
Act of May 24, 1906, with subsequent amendments, 
151-167. 
No. 2. An Act Authorizing the Postal Savings Bank 
Investment Board to Make Loans from Funds 
vii 
PAGES 
128-131 
133-150 
151-167