INDEX 175 
President of U. S., powers of, under Act of 1910, 43-44, 108-109. 
Private banks, as depository banks, 110-111. 
Profits, of depository banks from deposits of postal savings 
funds, 125-126; of Government from operation of postal savings 
system, 90-91, 104. 
Rayner, Senator I., mentioned, 37. 
Reserve against postal savings deposits, 26-28, 107, 116-119. 
Reserves of mutual savings banks, 27-28. 
Residence, change of, in relation to interest on postal savings 
deposits, 101, 104-105. 
Robinson, E. L., cited, 77. 
Root, Senator E., cited, 41-42. 
Runs on commercial banks, as affected by postal savings system, 
80-84; instances of, in 1913, È3-84. 
Savings banks, facilities of, 6-9; facilities of, compared with 
postal facilities, 9-12; limitations of, on size of deposits, 89; 
number of, qualified as depository banks, 111; regulations re 
lating to, as depository banks, 130-131. 
Secretary of Board of Trustees, provision for, in 1913, 51-52. 
Secretary of the Treasury, as member of Board of Trustees, 22-24. 
Security for deposits of postal savings funds, provisions for, in 
Act of 1910, 36, 44, 107, 120; types of bonds acceptable for, 
120-124. 
Smoot amendment to postal savings bill, 40-42. 
Smoot, Senator R„ cited, 93. 
Solicitor of the Post Office Department, duty of, to pass on se 
curity offered by depository banks, 121-122. 
Sources of postal savings deposits, 19-20, 75-79, 88. 
Sprague, O. M. W., cited, 3. 
Stafford, Rep. W. H., cited, 53. 
State banks, as depository banks under Act of 1910, 87, 106-111; 
disqualified as depository banks by Federal Reserve Act, 112- 
113; made depository banks by bill vetoed in 1914, 113-114; 
made depository banks to limited extent in 1916, 115-116. 
State bonds, as security for deposits of postal savings funds, 
122-124. 
States, distribution of postal savings deposits by, 67-72. 
Steenerson, Rep. H., cited, 92. 
Sutherland, Senator G., cited, 37-38. 
Taft, President W. H., attitude of, toward postal savings, 5-6. 
Taxation, exemption of postal savings deposits from, 93-94. 
Temporary securities, not acceptable as security for deposits of 
postal savings funds, 121. 
Third Assistant Postmaster-General, made Secretary of Board 
of Trustees and placed in charge of Division of Postal Savings, 
51-52.