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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Document type:: Monograph

Structure type:: Chapter

Title:: Appendix A - The United States postal savings act and its amendments

Collection:: Economics Books

APPENDIX A deposited under the terms of this act in the hank most convenient to such locality. If no such bank in any State or Territory is willing to receive such deposits on the terms prescribed, then the same shall be deposited with the treas urer of the board of trustees, and shall be count ed in making up the reserve of five per centum. Such funds may be withdrawn from the treas urer of said board of trustees and all other postal savings funds, or any part of such funds, may be at any time withdrawn from banks and saving depository offices for the repayment of postal savings depositors when required for that pur pose. Not exceeding thirty per centum of the amount of such funds may at any time be with drawn by the trustees for investment in bonds or other securities of the United States, it being the intent of this act that the residue of such funds, amounting to sixty-five per centum there of, shall remain on deposit in the banks in each State and Territory willing to receive the same under the terms of this act, and shall be a work ing balance and also a fund which may be with drawn for investment in bonds or other securi ties of the United States, but only by direction of the President, and only when, in his judg ment, the general welfare and the interests of the United States so require. Interest and profit accruing from the deposits or investment of postal savings funds shall be applied to the pay ment of interest due to postal savings depositors as hereinbefore provided, and the excess thereof, if any, shall be covered into the Treasury of the United States as a part of the postal revenue Provided, That postal savings funds in the treasury of said board shall be subject to dispo sition as provided in this act, and not otherwise : And provided further, That the board of trustees may at any time dispose of bonds held as postal

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