Show POSTAL BANK MEASURE introduced IN THE ili SENATE NATE FOR POS POSTAL TAL SAV INGS depositories repositories DEPOSIT ORIES aih Z H all flit first class to R receive depo deposits itile prom rom t the he public in any sum from one dollar doliar up washington Washing tom the postal savings bank bill drafted by senators carter dolliver Dollt vcr and owen a sub bub committed of the committee on post offices and post roads was perfected on thursday and was introduced in the abo senate by mr carter the bill provides that a system of postal savings depositories repositories deposit ories under the supervision of a board ot of trustees to consist of the secretary of the treasury the postmaster general and the attorney general shall be established this board to la authorized to make all regulations governing custody or of moneys deposited with the postal savings banks all of class authorized to issue money orders and such others as the postmaster general may des designate agnate are declared to be postal savings depositories repositories deposit ories they are to receive deposits from the public and are to be bb kept open for the transaction transact lon ot of business in the usual business hours of the town or locality where they are located accounts may be opened by any person 10 years old or more and by married women in their own names and free from interference by their liu husbands no person will be to have more than one account an account cannot be opened for loss joss than 1 ft I and not more than can be deposited in any one month deposits in postal savings banks will draw 2 per cent interest credited to tho books of depositors once a a year no person will be allotey allowed t to 0 have a balance in excess of exclusive elusive of accumulated interest funds received by postal savings I 1 banks are to be deposited in banks subject to public supervision and as nearly as practicable in the neighborhood in which the funds are received the banks are to pay for the funds not less lesa than 2 per cent interest provision Is made for the malaten mal nten ince ance ua bf 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 is to be a part of postal revenues |