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:: Chapter I - The movement for establishment of a postal savings system in the United States

Collection:: Economics Books

8 POSTAL SAVINGS the Territories. These figures were severely criticized by the banking fraternity on the ground that they referred only to mutual and stock sav ings banks, whereas the savings deposits of the country included also amounts deposited in the savings departments of other kinds of banks. A report was prepared for the Committee on Pos tal Savings Banks of the Savings Bank Section of the American Bankers Association, under date of May 3, 1909, criticizing the official statistics and offering supplementary figures showing that the savings of the American people amounted to about nine and a half billion dollars, exclusive of deposits in school savings banks, “private invest ments of small savings in bonds” and “the sav ings invested in homes and homesteads.” The bankers’ figures included the accumulations of building and loan associations ($745,993,000) and the assets of life insurance companies ($3,- 159,581,000). Obviously the term “savings” is very elastic, and when it is carried beyond the field of small and relatively permanent deposits in banking institutions, and into the field of in vestments, it is given an extension difficult to limit and of little use in a study of savings bank facilities. In December, 1909, the National Monetary Commission published its special report giving

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