CONTENTS
and  reserve,  106-107.  —  Provision  for  investment  in
United  States  securities  amended  in  1916,  107-109.—
Deposit  of  savings  funds  in  banks:  Qualifications
for  depository  banks,  109-111.  —  Decline  in  number
of  depository  banks,  111-113.  —  State  banks  as  depository ­
  banks,  113-116.  —  Postmasters’  “emergency
credits”  in  original  law:  Abolished  in  1913,  116-119.
—  Out  of  town  depository  banks,  119-120.—Collateral ­
  security  for  savings  funds  deposits:  Regulations ­
  of  the  Board  of  Trustees  as  to  collateral,
120-124.  —  Rate  of  interest  paid  by  depository
banks  :  Profits  realized  by  the  banks,  124-126.  —
Postal  savings  bonds,  126-127.
CHAPTER  VI
Conclusion
Postal  savings  system  of  real  value,  128.  —  Underlying ­
  philosophy  of  present  decentralized  system  of
depository  banks,  128-130.  —  Should  postal  savings
funds  be  deposited  largely  in  commercial  banks?,
130-131.

APPENDIX  A
The  United  States  Postal  Savings  Act  and  its
Amendments
Act  of  June  25,  1910,  133-143.  —  Amendment  of
August  24,  1912,  143-144.  —  Amendment  of  January
21,  1914,  144-146.  —  Amendment  of  September  23,
1914,  146-147.  —  Amendment  of  May  18,  1916,
147-150.
APPENDIX  B
No.  1.  The  Philippine  Postal  Savings  Bank  Act,  as
Amended  to  July  1,  1917
Act  of  May  24,  1906,  with  subsequent  amendments,
151-167.
No.  2.  An  Act  Authorizing  the  Postal  Savings  Bank
Investment  Board  to  Make  Loans  from  Funds

vii
PAGES

128-131

133-150

151-167