Postal savings

Bibliographic data

Monograph

Identifikator:: 1016729413

URN:: urn:nbn:de:zbw-retromon-61429

Document type:: Monograph

Author:: Berghoeffer, Christian Wilhelm http://d-nb.info/gnd/115671919

Title:: Meyer Amschel Rothschild, der Gründer des Rothschildschen Bankhauses

Place of publication:: Frankfurt am Main

Publisher:: Verlag Englert & Schlosser

Year of publication:: 1922

Scope:: 1 Online-Ressource (272 Seiten)

Collection:: Economics Books

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APPENDIX A 137 made. No bank in which postal savings funds shall be deposited shall receive any exchange or other fees or compensation on account of the cáshing or collection of any checks or the per formance of any other service in connection with the postal saving depository system. [Sec. 9. That postal savings funds received under the provisions of this act shall he de posited in solvent banks, whether organized un der National or State laws, being subject to National or State supervision and examination, and the sums deposited shall bear interest at the Tate of not less than two and one-fourth per cen tum per annum, which rates shall be uniform throughout the United States and Territories thereof; but five per centum of such funds shall be withdrawn by the board of trustees and kept with the Treasurer of the United States, who shall be treasurer of the board of trustees, in lawful money as a reserve. The board of trus tees shall take from such banks such security in public bonds or other securities, supported by the taxing power, as the board may prescribe, approve, and deem sufficient and necessary to insure the safety and prompt payment of such deposits on demand. The funds received at the postal savings depository offices in each city, town, village, and other locality shall be de posited in banks located therein (substantially in proportion to the capital and surplus of each such bank) willing to receive such deposits under the terms of this act and the regulations made by authority thereof, but the amount deposited in any one bank shall at no time exceed the amount of the paid-in capital and one-half the surplus of such bank. If no such bank exist in any city, town, village, or locality, or if none where such deposits are made will receive such deposits on the terms prescribed, then such funds shall be Banks not to receive ex change or other fees. Bracketed section in ital ics supersed ed by section 2 of the act of May 18, 19 16. See pp. 147-150.

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