Show PLANS POSTAL BANK MEASURE introduced IN THE SENATE FOR POSTAL SAVINGS depositories repositories DEPOSIT ORIES all first class Post offices to receive deposits from the public in any sum from one dollar up washington Washing tom the postal savings bank bill dratted drafted by senators carter dolliver Doll lver and owen a subcommittee sub committee 0 of f the committee on posto inces and post roads was perfected on thursday and was waa introduced tn in the senate by mr air carter the bill provides that a system ot of postal savings depositories repositories deposit ories under tinder the su supervision perv islon of a board of trustees to consist of the secretary of the treasury the postmaster general and the attorney general shall be established this board la Is authorized to make all regulations governing custody of moneys deposited with the postal savings banks all fees of class authorized to issue money orders and such others as the postmaster general may designate are declared to be postal savings depositories repositories deposit ories they are to receive deposits front from tile the public and are to be kept open for the transaction of business in the usual postoffice roat post olce offIce business hours houra of the town or locality where they are located accounts may inay be opened by any person 10 years old or more and by married women in their own names and fr ree e e front from interference by their husbands no person will be permitted to have more than ono one account an account cannot bo be opened tot for less than 1 and not more than can be deposited in any opo ono month deposits in III postal savings banks will draw 2 per cent interest cred credited lie to the books of depositors once a year I 1 ap person will be allowed to have a balance in excess of exclusive of accumulated interest funds received by postal savings banks banim aro to be deposited in banks subject to public supervision and as nearly as practicable in the neighborhood in which the funds are received tho the banks are to pay for tile the funds not less lesa than 2 24 per cent interest provision is made for the maintenance of a reserve fund not exceeding 10 per cent of the total funds deposited interest and profits accruing from deposits or investment of postal savings are to be applied to the payment of expenses of administration and any excess la Is to be a part of postal revenues |