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  relating ­
  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  security ­
  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.