Grundzüge der Sozialpolitik

Bibliographic data

Monograph

Identifikator:: 836084659

URN:: urn:nbn:de:zbw-retromon-28892

Document type:: Monograph

Author:: Ricardo, David

Title:: Oeuvres complètes

Place of publication:: Paris

Publisher:: Guillaumin

Year of publication:: 1847

Scope:: 1 Online-Ressource (XLVIII, 752 S)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

INVESTMENT OF FUNDS 109 United States so require.” Aside from this, the only provisions in the present law for the invest ment of postal savings funds in United States securities are : ( 1 ) That the trustees may so in vest any funds which in any State or Territory “shall exceed the amount which the qualified banks therein are willing to receive under the terms of this act, and [when] such excess amount is not required to make up the reserve fund of 5 per centum.” This is a contingency which has not yet been met and is not likely to occur. (2) That the Board of Trustees may in its discretion purchase from the holders 2J per cent postal sav ings bonds. As previously noted, up to June 30, 1916, the trustees had purchased about a million and a half dollars worth of these bonds. If the market rate of interest goes up materially in the near future, and the prospects are that it will, the trustees are likely to be called upon to purchase them in substantial quantities. Deposit of Postal Savings Funds in Banks Soon after the act of 1910 was passed the Post Office Department received applications from all kinds of banks scattered throughout the country for the privilege of becoming depositories of pos tal savings funds. On December 31, 1910, the Board of Trustees issued its first series of “regu-

Access restriction

Copyright

Object: Postal savings

Monograph

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation