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

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II - The postal savings bank act of 1910

Collection:: Economics Books

THE POSTAL SAVINGS BANK ACT 49 The opposition to authorizing the investment of postal savings bank funds in 2 per cent bonds was very strong, particularly in the Senate; and to save the bill from defeat an amendment pro posed by Senator Borah was adopted shortly be fore the bill came to its first vote in the Senate. It provided “that no part of said funds shall, in any event, be invested in bonds or other securi ties bearing interest at less than 2| per cent per annum.” This amendment, however, did not sur vive the overhauling which the bill received in the House; and when the bill was returned to the Senate it contained no limitation whatever as to the character of United States securities in which postal savings bank funds might be invested. We have now discussed the movement leading to the establishment of a system of postal savings banks in the United States and the chief provi sions of the organic postal savings bank law of 1910. It will be our next task to discuss the workings of the system since it opened its doors for business January 8, 1911. For convenience the subject will he treated under the following heads, to each of which a chapter will be devoted: ( 1 ) administrative organization, and the selection of post offices for postal savings banks; (2) de positors and deposits; (3) investment of postal savings funds.

Access restriction

Copyright

fullscreen: Postal savings

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation