APPENDIX B, No. 1 
THE PHILIPPINE POSTAL SAVINGS 
SAVINGS BANK ACT, AS AMENDED 
TO JULY 1, 1917 1 
AN ACT TO ENCOURAGE ECONOMY AND SAVING 
AMONG THE PEOPLE OF THE PHILIPPINE ISLANDS, 
AND TO THAT END TO PROVIDE FOR THE ESTAB 
LISHMENT OF POSTAL SAVINGS BANKS AND THEIR 
ADMINISTRATION THROUGH THE ORGANIZATION OF 
A POSTAL SAVINGS BANK DIVISION IN THE BUREAU 
OF POSTS, AND FOR OTHER PURPOSES. 
By authority of the United States, be it enacted 
by the Philippine Commission, that: 
Section 1. There shall be established in the 
Philippine Islands, under the control and man 
agement of the Director of Posts, an institution 
to be known as the Philippine Postal Savings 
Bank. 
Sec. 2. (a) In order to facilitate the proper The Postal 
administration of the Philippine Postal Savings Division B and 
Bank, there is hereby created, as a part of the its duties. 
Bureau of Posts, a division to be known as the 
postal savings bank division, which shall be pre 
sided over by an officer to be known as the chief 
i Amendments were made on the following dates: 
March 22, 1907; May 19, 1909; April 19, 1910; and 
January 26, 1915; Act No. 1640, of May 3, 1907, which 
is given on pages 168-169, is also amendatory of the 
Philippine Postal Savings Bank act, although the 
Legislature did not incorporate it in the act as 
an amendment. 
151