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 IV - Depositors and deposits

Collection:: Economics Books

78 POSTAL SAVINGS Mr. Carter B. Keene, Director of Postal Sav ings, informs me that the opinion of postmasters throughout the country, as revealed by their let ters and reports, is almost unanimous in the con clusion that the great bulk of the deposits come from hoards, and from funds that formerly were sent abroad for deposit in the postal savings banks and other banks of Europe. The tarnished condition of much of the coin deposited, and the receptacles in which the money is brought for de posit, show that much of it has been buried or otherwise hoarded for long periods. Director Keene said in an address before the American Bankers Association Convention in Boston in October, 1913: “A systematic canvass was once made by the Department to ascertain where the postal savings deposits were coming from, and no depositor was found who had transferred his ac count under normal conditions from a bank to the post office. On the contrary our files are full of reports from postmasters who explain the fall ing off of deposits by the fact that accounts are being transferred to local banks, and letters from bankers urging the extension of the service to points where they are unable to reach hoarded savings are now too frequent to occasion com ment. The postal savings system is a fitting school for other savings institutions. Our de-

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