INVESTMENT OF FUNDS 
119 
in each place one bank upon which the post 
master was authorized to draw his checks against 
the postal savings deposit (in the name of the 
Board of Trustees) each month, to an amount 
specified, as a provision for emergency needs. 21 
Out of Town Depositories 
Another cumbersome feature of the original 
plan which was greatly improved in the reorgani 
zation of 1913 related to the deposit of funds in 
banks outside of the local community, when there 
was no qualified depository bank in the place 
where the postal savings bank was situated. 
Originally postmasters in such places had been 
required to send their postal savings funds by 
registered mail to the nearest town having a 
qualified bank or banks, and to apportion their 
deposits among such banks (when there was more 
than one) substantially according to their respec 
tive capitals and surpluses. Under the new ar 
rangement the postmaster at the place having 
no qualified banks remits his postal savings funds 
by registered mail to the postmaster at the neigh 
boring place having qualified banks, and the lat 
ter postmaster deposits these funds along with 
his own postal savings funds, in the proper pro- 
21 Instructions to Postmasters at Postal Savings Deposi 
tory Offices, 1918, p. 12.