Postal savings

Bibliographic data

Monograph

Identifikator:: 869930397

URN:: urn:nbn:de:zbw-retromon-49420

Document type:: Monograph

Author:: Kemmerer, Edwin Walter http://d-nb.info/gnd/101827717

Title:: Postal savings

Place of publication:: London

Publisher:: Humphrey Milford

Year of publication:: 1917

Scope:: 1 Online-Ressource (VIII, 176 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V - Investment of postal savings funds

Collection:: Economics Books

INVESTMENT OF FUNDS 111 required to submit a satisfactory report of con dition and to offer proper collateral for the de posits—a subject to be considered later. 8 Funds were to be apportioned among the qualified banks only on the first day of each quarter. A later regulation provided that the apportionment of deposits to newly qualified banks would only “apply to funds deposited after the date as of which the bank qualified” 9 —a regulation that was necessary to avoid the confusion which would re sult from a complete reapportionment of deposits each time a new bank in the community qualified as a depository. The number of banks of each class which were qualified as depositories for postal savings funds at the end of each fiscal year since 1912 is as follows : 10 Table 5 Number of Banks Qualified as Depositories, 1913-1916, by Classes. Year 1913 1914 1916 1916 National banks 3,786 8.627 3.628 3,647 State banks 2,406 2,099 1,499 1,267 Savings banks Trust companies 877 347 291 262 Organized private banks 609 617 668 547 49 26 21 21 Total 7,226 6,716 6,007 6,634 8 Infra, pp. 120-125. 9 Sec. 10 of Regulations of 1913. 10 Figures have been compiled from the annual reports of the Third Assistant Postmaster-General.

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