INDEX  173
tions  of  Board  of  Trustees  relating  to,  110  et  seq.;  table  showing ­
  percentage  amounts  of,  108.
District  bonds,  as  security  for  deposits  of  postal  savings  funds,
122-124.
Division  of  Postal  Savings,  creation  of,  in  1913,  51-52.
Dockery,  A.  M.,  Third  Assistant  Postmaster-General,  cited,  75,
79,  90,  97-98,  100.
Emergency  credits  of  postmasters,  abolition  of,  in  1913,  116-119;
provision  for,  in  1910,  26-27.
Employees  of  postal  savings  system,  payment  of,  52.
Expenses  of  postal  savings  system,  90-91.
Farm  loan  bonds,  as  security  for  deposits  of  postal  savings
funds,  124.
Federal  Reserve  Act,  prohibits  non-member  banks  acting  as  depository ­
  banks,  112-113;  restrictions  of,  modified  in  1916,  115-116;
  veto  of  amendment  to,  in  1914,  87,  114-115.
Federal  Reserve  system,  banks  of,  as  depositories  of  postal
savings  funds,  112  et  seq.
Gallinger,  Senator  J.  H.,  cited,  91.
Guaranty  of  bank  deposits  by  State  laws,  4.
Hawaiian  bonds,  as  security  for  deposits  of  postal  savings  funds,
122-124.
Hawaiian  postal  savings  system,  2.
Hitchcock,  Senator  G.  M.,  cited,  93-94.
Hoarded  money,  brought  out  by  postal  savings  system,  19-20,
75-79,  88.
Individual  deposits  in  cities,  73-74.
Interest  paid  by  depository  banks,  determination  of  rate  of,  124-125;
  provisions  for,  in  Act  of  1910,  36,  44,  107;  rate  and  amount
of,  102.
Interest  paid  on  postal  savings  deposits,  advisability  of  changing
regulations  relating  to,  104-105;  amount  of,  compared  with
interest  received  by  Government  from  depository  banks,  102-103;
  method  of  determining  rate  of,  31-32;  regulations  of  Board
of  Trustees  relating  to,  99-101;  selection  of  rate  of,  31-35.
Investment  of  postal  savings  funds,  in  depository  banks,  106  et
seq.;  in  U.  S.  bonds,  41-44,  48-49,  106-109;  problem  of,  35-36;
provisions  for,  changed  in  1916,  108-109;  provisions  for,  in  Act
of  1910,  36,  41-45.
Keene,  C.  B.,  Director  of  Division  of  Postal  Savings,  cited,  57-58,
78-79,  97,  113.

Limitations  on  size  of  postal  savings  deposits,  arguments  against,